Global Edge Computing Market To Grow At 17.8% Cagr By 2027

A new report by MarketsandMarkets™ reveals that the Global Edge Computing Market is projected to experience significant growth in the coming years. The market size is expected to increase from $44.7 billion in 2022 to $101.3 billion by 2027, with a Compound Annual Growth Rate (CAGR) of 17.8%. The report cites the growing adoption of automation and digitalization as one of the primary drivers behind this growth. Hardware components are gaining traction and are expected to account for the largest market size during the forecast period. Smart cities and large enterprises are anticipated to generate substantial revenues during the projected period. Additionally, the manufacturing vertical is expected to account for the largest market share.