Technology Magazine February 2023 | Page 16

TIMELINE

THE CUTTING EDGE :

EDGE COMPUTING TRENDS TO WATCH

IN 2023

As the IoT has grown and the volume of data generated has increased , edge computing has become increasingly important . We look at the edge computing trends to look out for in 2023 .

1

Edge spending to continue According to research by ReportLinker , the edge computing market will grow at a compound annual growth rate ( CAGR ) of 21.6 % between 2022 and 2028 to hit an estimated $ 132.11 million . The " 2022 Global Edge Computing Market report " put future growth even higher , estimating the market will hit $ 90 billion by 2030 .

2

The rise of 5G 5G will deliver the ultra-low latency required for many edge computing applications . Improvements in networking speeds open possibilities for far-away sensors to instantly give updates about the connected devices . That increase in real-time processing will require new equipment with enhanced capabilities .
16 February 2023