Edge computing market revenue to USD 893.93 billion by 2036

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, according to Research and Markets.

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 revenue of around USD 705 billion by the end of 2036, up from a revenue of close to USD 9 billion in the year 2023.

On the basis of region, the global edge computing market is segmented into North America, Europe, Asia Pacific excluding Japan, Japan, Latin America and Middle East & Africa. The market in North America, amongst the market in all the other regions, is anticipated to garner the largest revenue of more than USD 389.40 Billion by the end of 2036. Moreover, in the year 2023, the market in the region generated a revenue of over USD 4.9 Billion.

Some of the prominent industry leaders in the global edge computing market that are included in our report are IBM Corporation, Amazon Web Services Inc., Microsoft Corporation, Cisco System Inc., Nokia Firm, and others. Research and Markets