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Growth Projections:
- IoT Devices: From 30 billion to 50 billion by 2020.
- Edge Computing Analytics Market: Expected to grow at a CAGR of 27.6%.
- Mobile Edge Computing: Predicted to grow from $185.8 million in 2017 to $838.6 million by 2022.
- IT Department Investment: 18% of IoT investments in 2020.
- Global Market Value: $6.72 billion by 2022, at a CAGR of 35.4%.
- US Market: Expected to grow at 10.3% CAGR, reaching $5,696.6 million by 2022.
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CEO Awareness: 70% of CEOs are aware of edge computing and have initiatives within their organizations.
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Budget Increases: 40% of CEOs increased their edge computing budgets in 2018, with 75% expecting more research grant funding.
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Adoption: IoT accounts for 70% of the edge computing industry.
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Top Industries: Smart cities, manufacturing, and transportation are leading adopters.