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WebApr 11, 2024 · Edge Computing in IoT Market Outlook 2031. The global industry was valued at US$ 2.55 Bn in 2024; It is estimated to advance at a CAGR of 35.6% from 2024 to 2031 and reach US$ 38.83 Bn by the end of 2031 ; Analysts’ Viewpoint . Edge computing is emerging as a critical component in Internet of Things (IoT), providing a way to process … WebMar 11, 2024 · According to IDC, worldwide enterprise and service provider spending on edge hardware, software and serves is expected to hit $176 billion in 2024, representing a 14.8% increase over 2024. That ... WebEdge computing is a distributed computing paradigm that brings computation and data storage closer to the sources of data. This is expected to improve response times and save bandwidth. Edge … john p farley net worth