It’s no surprise that the global edge computing market is expected to reach $9 billion by 2024, according to a study by MarketsandMarkets. Edge computing provides many benefits for enterprises including the ability to reduce latency, minimize the risk of network downtime, improve load distribution across networks, and better connect to remote enterprise locations.
By 2022, the global edge computing market is expected to reach $6.72 billion. By far, the biggest driver of edge capacity is the Internet of Things (IoT). To accommodate the proliferation of connected devices that produce huge volumes of data, centralized networks have morphed into networks of distributed, dynamically interconnected systems spanning clouds, microservices, and software defined networks.