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New Report Forecasts Rosy Picture for Edge Computing

November 16, 2018 / Ken Briodagh

According to a recently released Research and Markets forecast report, the global edge computing market could reach $8.96 billion by 2023, expanding at a CAGR of 32.6 percent. Edge computing brings data processing nearer to IoT sensors, to decrease latency and improve efficiency. The Internet of Things is driven by huge volumes of data generated from sensors throughout the world and enterprise operations. Collecting, sending, and processing the massive quantities of data requires companies to act intelligently, quickly, and make better business decisions. Edge computing is a network of data centers that store and process data locally before sending them or cloud. It optimizes computing to avoid disruptions in sending and receiving data. The report classifies the global edge computing market into applications and end users. Based on applications, the firm further sub-classifies the edge into smart cities, smart factories, connected healthcare, connected vehicles, smart grids, and other....