North America Is Anticipated To Flourish At A CAGR Of 27% With Respect To Edge Computing Demand
According to
Fact.MR, the demand for edge
computing is expected to grow at a CAGR of 30% in terms of value
during the assessment period. Furthermore, the report predicts that the market
for edge computing will exceed US$ 69 billion by the end of 2032.
Edge
computing products improve processing power and data transmission among
connected devices. Consumer preference for smart devices over traditional
vehicles and homes is driving demand for edge computing components such as
services, software, and edge-managed platforms. Trends in industrial automation
that use artificial intelligence (AI) and machine learning (ML) to reduce costs
and increase production capacities also contribute to growth.
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Key Takeaways from the Market Study
Global market for edge computing to
reach US$ 5 Bn by 2022-end...