Edge computing market to grow 10x to $147B by 2032 - Hedge funds bullish on leaders like Microsoft, Amazon, NVIDIA
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Edge computing involves bringing computing power closer to data sources rather than relying solely on the cloud. It enables faster data processing and decision-making. The global edge computing market is projected to grow from $15.54B in 2023 to $147.38B by 2032.
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Edge data centers are growing in popularity to support 5G, IoT, video streaming, and AR/VR by reducing latency and costs compared to centralized data centers.
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AI and machine learning are being increasingly integrated with edge computing to enable independent data analysis and decision-making by edge devices without constant communication with central servers.
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Key players in edge computing include Microsoft, Amazon Web Services, NVIDIA, IBM, Hewlett Packard Enterprise, Accenture, Arista Networks, and Cloudflare.
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Hedge funds are bullish on edge computing leaders like Microsoft, Amazon, NVIDIA, and Cloudflare as this technology sees strong growth in demand and market share gains.