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The global edge computing market was valued at USD 40 million in 2022 and is expected to reach around USD 206 billion by 2032, with a CAGR of 18.3%. Factors such as emerging smart city projects, the advent of technological advancements, and the increasing IoT penetration are expected to propel the demand for edge computing solutions. Key players are focusing on new product launches to improve customer experiences and the surge in the adoption of IoT augmented with the 5G operations will also contribute to the growth of the edge computing market.
