Edge Computing Market Size

Edge Computing Market size was over USD 20.86 billion in 2024 and is poised to exceed USD 983.34 billion by the end of 2037, witnessing over 34.5% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of edge computing is estimated at USD 26.62 billion. As connected automobiles drive, massive volumes of data are generated. These data can be used for real-time analysis to follow traffic lights and divert the car to a less crowded route. It also aids in lowering carbon dioxide emissions during traffic congestion. Soon, linked automobiles will advance to linked autonomous driving, which is expected to create a whole new environment with real-time services. Ford is expected to release a fully autonomous car by 2021, and GM plans to roll out autonomous cars by no later than 2020.

The growing use of the Internet of Things in a number of industries has led to an increased demand for edge computers around the world. The rapid growth of Internet of Things devices, which need to be dealt with and assessed, is generating massive amounts of data. Edge Analytics can help to reduce latency and increase efficiency by processing and analysing these data at the local level. Edge computing is popular because it requires less upkeep than cloud computing. Furthermore, edge computing helps users reduce their network bandwidth and data storage necessities, which significantly reduces the cost of implementing IoT applications and devices. Furthermore, the utilization of IoT technology is rapidly rising as an increasing number of astute business and technology professionals work together to reconsider how IoT technology delivers corporate value and a competitive advantage. As a result, they are putting into practice data monetization techniques that will make the Internet of Things a money stream rather than a cost.