Global Edge Computing Market Outlook 2023-2036: Market to Grow at a CAGR of 39.65% - Connected Healthcare and Smart City Projects Spearheading Growth [Yahoo! Finance]
International Business Machines Corporation (IBM)
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Source: Yahoo! Finance
The market is estimated to garner a revenue of near to USD 893.93 billion by the end of 2036, up from a revenue of about USD 11.78 billion in the year 2023. The global edge computing market is anticipated to grow with a CAGR of 39.65% over the forecast period, i.e., 2024 - 2036 Factors such as the surge in the adoption of IoT technologies globally followed by the rising need integration connected healthcare infrastructure are projected to drive the growth of the market in the coming years. Additionally, the rising prevalence of smart city projects all over the world are also expected to boost the market growth. The global edge computing market is segmented into numerous segments, which include segmentation by application, organization size, component, industry vertical, and by region. By organization size, the market is segmented into large organization and small and medium organization. By the end of 2036, the large organization segment is anticipated to garner the largest reven
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