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As the World Searches for a Solution to Latency in IoT Devices, Edge Computing Will Receive a 27.7% Growth Boost
The global market for Edge Computing is expected to reach US$18.7 billion by the year 2027, trailing a post COVID-19 CAGR of 27.7% over the analysis period 2020 through 2027.
The IoT ecosystem is exploding with billions of self-aware devices expected to be connected to the edge of networks by 2030. The Internet of Things (IoT) devices have gained significant traction in the recent years and are likely to witness increasing penetration in the coming years. While organizations and end-users focus on IoT devices, network connectivity intended to facilitate their communication receives relatively little attention. Public cloud and public Internet architectures are often unable to host critical, time-sensitive communications.