Edge Computing Market - Forecast (2021 - 2026)
Edge Computing Market is forecast to reach 17.3bn after growing at a CAGR of 26.25% during the forecast period 2020-2025. The increased adoption of IoT in various technologies including smart homes, smart cities, Industry4.0, connected vehicles and so on is analyzed to boost the market for Edge Computing during the forecast period 2020-2025 as it provides with reduced latency, lower processing times and many other benefits. Key Takeaways North America dominates the Edge Computing market owing to high adoption of the technologies such as IoT and 5G. The growing popularity of connected vehicles globally and the implementation of edge computing solutions in the connected vehicles to assist the edge computing market growth during forecast period 2020-2025. IT and Telecom is hold the major market share in 2018. However, increasing adoption of digital, mobile banking initiatives, advanced platforms and so on in the BFSI industry is impacting on the significant growth rate in Edge computing...