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Embedded systems and IoT application development

Report predicts edge computing market will hit $700 billion by 2028

Report predicts edge computing market will hit $700 billion by 2028

State of the Edge is a research organization that recently published its “State of the Edge 2020” report. What caught our attention about the report is the addition of a forecast model that predicts a Compound Annual Growth Rate (CAGR) of 35 percent and a $700 billion CAPEX spend on edge IT and data center infrastructure between the current year and 2028.

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