Edge Computing Market Predicted To Cross $101.3 Billion By 2027, Growing At A Cagr Of 17.8%: Report By Marketsandmarkets™

The Global Edge Computing Market size is expected to grow from USD 44.7 billion in 2022 to USD 101.3 billion by 2027, at a Compound Annual Growth Rate (CAGR) of 17.8%. Edge computing solutions and services are rapidly gaining acceptance globally due to various benefits, growing adoption of automation and digitalization. The hardware component of edge computing is gaining popularity in the marketing landscape and is expected to account for the largest market size during the forecast period. The smart cities application is likely to share large revenues in the estimated year.