Edge technology is quite new and complex, requiring research, infrastructure, connectivity, and management. It is in the early stage of development; maturity at implementation and operations haven’t been achieved so far. Only 27% have adopted this technology, but many are looking forward to the edge growth opportunities offered soon.
The global edge computing market is expected to grow at a compound annual growth rate of 19%, from USD 36.5 billion in 2021 to USD 87.3 billion by 2026.
Image source: Valuates Reports
Image source: TechTarget.com
Growth in IoT devices, large-scale investments, rising demand for latency connectivity, and increasing use of BYOD in modern business practices have given the necessary boost to this sector. The APAC region, being home to many SMEs, has been a major contributor to edge computing growth. The emerging market of autonomous vehicles and lightweight edge computing frameworks is projected to grow exponentially in the edge computing sector.