Showing 1 brand
1 company in this category
Edge computing is a distributed computing paradigm that brings computation and data storage closer to the sources of data generation, reducing latency, bandwidth usage, and dependency on centralized cloud infrastructure. By processing data at the network edge—near IoT devices, sensors, manufacturing equipment, or user endpoints—edge computing enables real-time decision-making critical for applications like autonomous vehicles, industrial automation, augmented reality, and smart cities. This architecture complements cloud computing by handling time-sensitive workloads locally while sending aggregated or less urgent data to centralized data centers. The edge computing market is experiencing explosive growth driven by the convergence of 5G networks, AI democratization, and the proliferation of IoT devices generating massive volumes of data. Hardware currently dominates the market with over 42% share, though software is projected to grow at the highest CAGR of over 37% through 2033 as organizations deploy edge AI applications, container orchestration, and real-time analytics at the edge. The technology is essential for enabling autonomous systems, supporting sustainability mandates through localized energy management, and meeting data sovereignty requirements in regulated industries like financial services and healthcare. As enterprises adopt edge computing to enable localized decision-making and reduce cloud dependency, the technology is becoming critical infrastructure across multiple sectors. The convergence of operational technology (OT) and IT systems, combined with the need for low-latency processing in manufacturing, retail, healthcare, and telecommunications, is driving rapid adoption. With North America holding 24.8% market share and Asia-Pacific growing at 15.1% CAGR supported by China's new infrastructure policy, edge computing represents a fundamental shift in how distributed systems are architected and deployed.
The edge computing market was valued at $168.40 billion in 2025 and is projected to reach $248.96 billion by 2030, growing at 8.1% CAGR. Alternative estimates place the market at $227.80 billion in 2025, reaching $424.15 billion by 2030 at 13.24% CAGR. The U.S. market reached $7.2 billion in 2024, projected to hit $46.2 billion by 2033 at 23.7% CAGR. Hardware accounts for over 42% market share, while software is projected to grow at 37% CAGR through 2033. North America holds 24.8% market share, with Asia-Pacific growing fastest at 15.1% CAGR, driven by 5G deployment and semiconductor production investments.