RE: Edge computing the next big thing22 Jan 2025 12:51
The edge computing market is expected to grow from $53.6 billion in 2023 to $111.3 billion in 2028.
The global edge computing market is expected to grow at a compound annual growth rate (CAGR) of 36.9% from 2024 to 2030.
Benefits
Reduced latency: Edge computing reduces the need for long-distance communication between client and server, which reduces latency.
Real-time decision making: Edge computing enables real-time decision-making, which is important for applications like autonomous vehicles and industrial automation.
Energy efficiency: Edge computing consumes less energy than centralized infrastructure.
Improved security: Edge computing can improve the security of smart home IoT devices.
Applications
City traffic management: Edge computing can optimize bus frequency, lane usage, and future autonomous car flows.
Smart home IoT devices: Edge computing can improve the performance and security of smart home IoT devices.
Healthcare: Edge computing can be used in healthcare applications.