1 minute read
Research Methodology
Edge Computing Market Overview
Edge Computing market is expected to grow from USD 2.97 billion in 2019 to USD 16.80 billion by 2026 at a CAGR of 28% from 2020 to 2026.
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Edge computing supplements the prevailing cloud paradigm by facilitating processing closer to the info source, thereby enabling organizations to hurry up decision-making. As an example, Purdue University that uses IoT sensors and devices to review and improve plant growth and food production processes, partnered with a foothold computing solution provider. With the partnership, the university now leverages the wireless and edge computing technologies to collect, collocate, process, and transmit the voluminous data generated by the sensors. Features like growing adoption of Internet of Things (IoT) across industries; increasing demand for low-latency processing and real-time, automated decision-making solutions; and a requirement for surmounting exponentially increasing data volumes and network traffic.
