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Edge Computing Market to Grow by USD 19.6 Billion from 2024-2028, Demand for Decentralized Computing Drives Growth, Report on How AI Redefines the Landscape – Technavio

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NEW YORK, Nov. 11, 2024 /PRNewswire/ — Report with market evolution powered by AI – The global edge computing market  size is estimated to grow by USD 19.6 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of over 33.57%  during the forecast period. Rising demand for decentralized computing to reduce latency in decision making is driving market growth, with a trend towards deployment of industry 4.0 infrastructure. However, competition from low-cost centralized and general-purpose computing infrastructure  poses a challenge.Key market players include Aarna Networks Inc., Alphabet Inc., Amazon.com Inc., Arrow Electronics Inc., Capgemini Service SAS, Cisco Systems Inc., ClearBlade Inc., Dell Technologies Inc., EdgeConneX Inc., General Electric Co., Hewlett Packard Enterprise Co., Huawei Investment and Holding Co. Ltd., Intel Corp., International Business Machines Corp., Microsoft Corp., Nokia Corp., NVIDIA Corp., Renesas Electronics Corp., Schneider Electric SE, and Telefonaktiebolaget LM Ericsson.

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Forecast period

2024-2028

Base Year

2023

Historic Data

2018 – 2022

Segment Covered

End-user (Industrial manufacturing, Telecom, Mobility, Government, and Others), Component (Hardware, Software, Services, and Edge-managed platforms), and Geography (North America, Europe, APAC, South America, and Middle East and Africa)

Region Covered

North America, Europe, APAC, South America, and Middle East and Africa

Key companies profiled

Aarna Networks Inc., Alphabet Inc., Amazon.com Inc., Arrow Electronics Inc., Capgemini Service SAS, Cisco Systems Inc., ClearBlade Inc., Dell Technologies Inc., EdgeConneX Inc., General Electric Co., Hewlett Packard Enterprise Co., Huawei Investment and Holding Co. Ltd., Intel Corp., International Business Machines Corp., Microsoft Corp., Nokia Corp., NVIDIA Corp., Renesas Electronics Corp., Schneider Electric SE, and Telefonaktiebolaget LM Ericsson

Key Market Trends Fueling Growth

Edge computing is a trending IT infrastructure solution that brings data processing closer to the source of data generation. This approach is revolutionizing networking and software development, enabling traffic distribution and service management in various sectors. In healthcare, edge computing powers online consultations and telemedicine, while CDNs and network functions enhance 5G virtualization for game streaming and connected devices. AI edge computing also boosts artificial intelligence applications in healthcare, telecom firms, and manufacturing. Security and compliance are crucial, with edge computing adhering to industry standards. Cloud computing and Industry 4.0 strategies merge with edge computing in smart factories and grids. Digital health strategies, IoT in healthcare, and life sciences applications benefit from edge computing’s low latency and data processing capabilities. Recession or digital developments, edge computing remains flexible and scalable for organizations of all sizes, from small businesses to large enterprises. Edge computing hardware investments offer Capex and Opex savings, making it a cost-effective solution for IoT applications, robotics & automation, smart cities, oil & gas, and IT & telecom industries. 

The Industrial Revolution 4.0, also known as Industry 4.0, signifies the integration of connected automation systems and technologies in the industrial sector. This includes cyber-physical systems, Internet of Things (IoT) devices, cloud computing, and cognitive computing. The implementation of these technologies is predicted to influence the market for edge computing. Industry 4.0 adheres to several fundamental principles, such as machine interconnection, enabling machines and devices to communicate via IoT. Big data collection, gathering extensive data from sensors and instruments for valuable insights. Technical assistance, early problem identification and correction for increased machine uptime and efficiency. Lastly, decentralization, empowering systems to make autonomous decisions, reducing the need for human intervention. 

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Market Challenges

Edge computing is a growing market that enables data processing and analysis at the source of data generation, closer to the end-user. This approach addresses challenges in IT infrastructures, networking, software development, and traffic distribution for various industries. Healthcare systems, telecom firms, and CDNs benefit from reduced latency for online consultations, network functions, and 5G virtualization. Edge computing also supports game streaming, connected devices, artificial intelligence, and 5G technology in sectors like healthcare, government and defense, manufacturing, and IoT applications. However, edge computing presents new challenges, including security, compliance standards, and infrastructure investments. Capex and Opex for edge computing hardware, infrastructure, and software are crucial considerations for organizations of all sizes, from small businesses to large enterprises. Scalability and flexibility are essential to accommodate digital developments, such as AR and VR tools, IoT devices, and Industry 4.0 initiatives. Multi-CDN designs and network function virtualization are key to addressing service management and traffic distribution. The recession and supply chain disruptions may impact edge computing adoption, but the potential benefits far outweigh the costs. Edge computing is poised to revolutionize industries, from smart factories and smart grids to digital health strategies, life sciences applications, robotics & automation, and smart cities. The Oil & gas industry and IT & telecom industry are also expected to embrace edge computing to optimize their operations.The centralized computing infrastructure, consisting of cloud data centers, supercomputing facilities, and traditional data centers, serves as the backbone for numerous organizations’ global operations. These facilities offer computing and storage capabilities as a service to anywhere in the world, thanks to their virtual accessibility. Notably, many cloud server operators provide cost-effective services on a pay-as-you-go basis, posing a challenge to the expansion of the global edge computing market. This competitive marketplace, populated by various cloud server and data center operators, offers diverse pricing and volume options to cater to the unique requirements of end-users. Despite edge computing and cloud computing serving different purposes, the availability of affordable cloud services may limit the growth of the edge computing market to some extent during the forecast period.

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Segment Overview 

This edge computing market report extensively covers market segmentation by

End-user 1.1 Industrial manufacturing1.2 Telecom1.3 Mobility1.4 Government1.5 OthersComponent 2.1 Hardware2.2 Software2.3 Services2.4 Edge-managed platformsGeography 3.1 North America3.2 Europe3.3 APAC3.4 South America3.5 Middle East and Africa

1.1 Industrial manufacturing-  Edge computing plays a crucial role in the automation of industrial manufacturing and process environments, particularly in the context of the Industrial Internet of Things (IIoT), automation hardware, and connected sensors and actuators. Large-scale industrial facilities generate vast amounts of data that require real-time analysis and storage to detect anomalies, prevent machine or equipment failure, monitor system performance, and ensure quality control. Edge computing infrastructure is essential for these applications due to its ability to process data at the local node, reducing latency and improving overall efficiency. The digitalization and automation of manufacturing and process industries, driven by Industry 4.0 infrastructure and practices, are expected to fuel the growth of edge computing. For instance, offshore oil and gas production rigs, which often lack high-bandwidth connections to on-shore cloud computers, can benefit from edge computing architecture to collect and analyze production data and monitor critical processes. Strategic partnerships between vendors and end-users, such as Ford and Google’s six-year agreement on cloud services and the Android operating system, can also influence market growth. Edge computing is the foundation of industrial machine learning and AI networks, enabling faster identification of irregularities and minimizing inefficiencies in automated manufacturing processes. Additionally, edge computing enables local integration between factory data and enterprise resource planning (ERP) systems, reducing the need for constant cloud connectivity and improving system uptime. The increasing focus on event-driven manufacturing operations is driving investments in edge computing solutions to reduce IT costs and improve security, latency, innovation capability, and system integration.

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Research Analysis

Edge computing is a decentralized IT infrastructure solution that brings processing power and data storage closer to the source of data generation. This approach reduces latency and bandwidth requirements for transferring large amounts of data to the cloud. Networking plays a crucial role in edge computing by enabling efficient traffic distribution and service management. Software development for edge computing requires optimization for resource-constrained devices and low-latency processing. Video conferencing software, healthcare systems, telecom firms, and CDNs are among the industries leveraging edge computing for improved performance and user experience. Network functions like load balancing, firewalls, and VPNs are being virtualized at the edge to enhance security and compliance with industry standards. 5G virtualization and edge computing go hand in hand, enabling real-time processing of data from connected devices, such as those used in gaming, AR/VR tools, and smart factories. AI edge computing is also gaining traction in industries like healthcare, life sciences, and digital health strategies, where real-time analysis of data is essential. The recession and digital developments have accelerated the adoption of edge computing, as organizations seek to reduce reliance on cloud computing and improve their digital infrastructure. The convergence of 5G technology, AI, and IoT in edge computing is expected to drive significant growth in the coming years. However, security and compliance remain key challenges that need to be addressed to fully realize the potential of edge computing.

Market Research Overview

Edge computing is a decentralized IT infrastructure solution that brings computing power closer to the source of data generation. It leverages networking, software development, and traffic distribution to enable real-time data processing and service management. The healthcare system, telecom firms, CDNs, and various industries such as manufacturing, healthcare, life sciences, and smart cities are adopting edge computing to reduce latency, enhance security, and ensure compliance with industry standards. 5G virtualization, game streaming, connected devices, artificial intelligence, and 5G technology are driving the growth of edge computing. The recession and digital developments have accelerated the adoption of edge computing, particularly in small businesses and large enterprises, to optimize Capex and Opex. Edge computing hardware, including sensors and edge devices, is essential for scalability and flexibility. Multi-CDN designs, organization size, employee numbers, and industry-specific applications, such as IoT in healthcare, digital health strategies, and robotics & automation, influence the adoption of edge computing. The infrastructure investments required for edge computing vary depending on the industry and the specific use case. Security and compliance standards are critical considerations for edge computing, particularly in government and defense, oil & gas, and IT & telecom industries. The VOLTA data center, a leading edge computing provider, offers a comprehensive edge computing solution that addresses the unique requirements of various industries, ensuring optimal performance, security, and flexibility.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

End-userIndustrial ManufacturingTelecomMobilityGovernmentOthersComponentHardwareSoftwareServicesEdge-managed PlatformsGeographyNorth AmericaEuropeAPACSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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Hilco Global Engaged by Stan Lee Holdings to Sell Rare & Valuable Intellectual Property Portfolio

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NEW YORK, July 24, 2026 /PRNewswire/ — Hilco Global, a diversified financial services company that delivers expert professional services and capital solutions to help clients maximize value and drive performance across the business lifecycle, is pleased to announce that its IP Services practice has been engaged by Stan Lee Holdings, Ltd. (“SLH”) to sell a legendary portfolio of intellectual property developed by Stan Lee, the iconic “father of the super hero.” Known as the Omniverse Collection created by Stan Lee, the portfolio represents a treasure trove of original characters and source material developed by Stan when he was leading Marvel Comics and when he built Stan Lee Entertainment – the first super hero animation studio created for the Internet age. This rare and valuable collection of Intellectual Property encompasses dozens of compelling super heroes and stories conceived by Stan from 1999 to 2001 as well as a franchise comprising over 50 well-known characters – the only franchise of Marvel-created characters not owned by Marvel. Full details of the collection, including the individual characters, franchises, and story properties it comprises, will be released in the coming weeks.

Through this collaboration, Hilco Global will work alongside SLH and former EVP of Marvel Entertainment Shirrel Rhoades to find a new home for a body of largely underleveraged super hero and other characters, as well as world-building intellectual property. Numerous supporting  scripts, episodes, and development materials spanning Stan Lee’s career are also part of the offering.

“The Omniverse Collection created by Stan Lee is one of the most significant super hero IP offerings of the decade,” said Eric Hurwitz, Senior Director of the Hilco Global IP Services practice. “This large, diverse portfolio presents the opportunity to capitalize on untapped material with an unmatched pedigree. A buyer essentially has a blank slate to bring these characters to fans worldwide and expand on Stan Lee’s legacy. Hilco Global is thrilled to bring these assets to market, leveraging deep experience across intellectual property and media valuation, licensing, and transaction execution.”

Among the intellectual property being offered is a hidden gem; a connected entertainment universe of Stan Lee’s own creation. “This one-of-a-kind IP collection illustrates just how far ahead Stan was in understanding the future of entertainment,” observed Shirrel Rhoades, who was handpicked by Stan Lee to succeed him as publisher of Marvel. “What we’re bringing to market isn’t a collection of isolated ideas. It’s pieces of one larger vision, a living digital universe in which characters can be created, experienced, and expanded across every form of media.”

Parties can reach out to Ehurwitz@hilcoglobal.com to register interest. More information about the offering, the individual properties within the collection, and the sale process will become available soon.

About Hilco Global:  Hilco Global, a subsidiary of ORIX Corporation USA, is a diversified financial services company that delivers integrated professional services and capital solutions that help clients maximize value and drive performance across the retail, commercial and industrial, real estate, manufacturing, and intellectual property sectors. Hilco Global provides a range of customized solutions to healthy, stressed, and distressed companies to resolve complex situations and enhance long-term enterprise value. Hilco Global works to deliver the best possible result by aligning interests with clients and providing strategic advice and, in many instances, the capital required to transact. Hilco Global is based in Northbrook, Illinois and has more than 810 professionals operating on four continents. Visit www.hilcoglobal.com

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SOURCE Hilco Trading, LLC

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GR0 to Acquire Ultimate AI’s Deployment Division and Launch GR0 AI, Turning Brands’ Existing Customer Data Into Revenue

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The new company pairs GR0’s performance marketing distribution with Ultimate Deployment’s AI agents and customer intelligence to build AI revenue systems for DTC and ecommerce brands; in one early deployment, AI-led customer conversations were associated with more than $350,000 in sales.

LOS ANGELES, July 24, 2026 /PRNewswire/ — GR0, the Los Angeles-based digital marketing agency, today announced plans to acquire Ultimate Deployment and launch GR0 AI, a new company that builds and deploys AI revenue systems for direct-to-consumer (DTC) and ecommerce brands. GR0 AI combines GR0’s performance marketing expertise, client relationships and sales infrastructure with Ultimate Deployment’s technology and experience deploying AI agents inside operating businesses.

“AI is creating an entirely new performance channel for brands,” said Jon Zacharias, co-founder and president of GR0. “Most companies already have the traffic, customer data and demand. What they’re missing is an intelligent system that knows who to contact, what to say and when to say it. GR0 AI turns the customer signals brands already own into personalized conversations and measurable revenue.”

The approach is already producing results. In one early deployment, AI-led customer conversations were associated with more than $350,000 in sales during a period in which the brand generated approximately $1 million in total revenue. GR0 AI deployments include attribution and incrementality reporting so brands can measure both assisted and directly generated revenue.

GR0 AI deploys inside a brand’s existing commerce, CRM, email, SMS, phone and customer-data infrastructure. Its systems:

Identify and prioritize high-intent customers and prospects Personalize outreach and follow-up based on customer behavior and company data Conduct two-way conversations across messaging channels, recovering revenue from abandoned carts, dormant customers and unconverted leads Escalate complex or high-value opportunities to human sales and support teams Measure the revenue associated with AI-driven interactions

“Most brands do not have a demand problem.  They already have thousands of customers and prospects sitting inside their systems,” said Ben Ganz, founder of Ultimate Deployment. “We build the company brain, unify the data and deploy AI employees that act on that intelligence. The opportunity falls into two buckets: recover the demand a brand has already earned, and make sure no new opportunity slips through the cracks. GR0 gives us the distribution, market access and operating experience to bring this to hundreds of brands.”

Ganz has spent his career at the intersection of entertainment and technology. He began as a producer on American Idol before moving into digital leadership at Fox, then founded VEGO Pictures, a digital production and technology company that worked with major entertainment and consumer brands and served as in-house production partner to Kevin Hart’s Laugh Out Loud Network. He also co-founded a virtual events company that produced digital graduation experiences for hundreds of thousands of students during the COVID-19 pandemic.

From there, Ganz and his team moved to the frontier of consumer AI, creating what FOX News called Hollywood’s first AI interactive voice experience. They powered AI personalities for creators with a combined audience of 100 million followers and engineered the world’s first AI assembly line for replicating personalities at scale, work the Hollywood Reporter recognized as the “Real-life Her.”  Ultimate Deployment then turned that conversational AI expertise toward the enterprise, building systems that connect company knowledge, customer data, and operational software with AI agents capable of performing real, meaningful business work.

“Ben and his team have built something with the potential to become a major new revenue channel for ecommerce companies,” Zacharias said. “We have seen very few offerings create this level of excitement among sophisticated performance marketers.”

Every GR0 AI engagement begins with an intensive discovery and implementation process: the team interviews key employees, maps the company’s systems and builds a centralized intelligence layer around the business. Lead scoring and prioritization are connected to the brand’s CRM before customer-facing AI agents go live.

“The technical opportunity is clear, and our job is to make it just as clear commercially,” said Kevin Miller, founder and CEO of GR0. “A brand that works with GR0 AI will know exactly what is being installed, how quickly it goes live and what revenue it is producing.”

The acquisition is expected to close this quarter, subject to completion of definitive agreements. Financial terms were not disclosed.

Brands interested in early GR0 AI deployments can learn more at www.gr0.com.

About GR0

GR0 is a full-service digital marketing agency that helps DTC and ecommerce brands accelerate growth through data-driven performance marketing, creative strategy and emerging technology. Co-founded by Kevin Miller and Jon Zacharias, GR0 provides services across SEO, Generative Engine Optimization, paid media, email, SMS, creative, affiliate and marketplace growth, and was among the first agencies to build a dedicated GEO practice, which is recognized by VentureBeat as one of America’s premier Generative Engine Optimization agencies. GR0 is headquartered in Los Angeles. Learn more at GR0.com.

About Ultimate Deployment

Ultimate Deployment builds AI employees for growing companies. Founded by Ben Ganz, the company captures how a business operates, organizes its institutional knowledge, connects its systems and deploys AI agents that perform real operational work across sales, customer experience, marketing, finance and internal teams.

Before its enterprise focus, Ultimate Deployment’s team built consumer AI at entertainment scale, creating Hollywood’s first interactive voice experience, powering AI personalities for creators with a combined audience of 100 million followers and engineering the world’s first AI assembly line for replicating personalities’ work featured by Fox News and recognized by The Hollywood Reporter as the real-life Her.

About Ultimate AI

Ultimate AI, founded by Ben Ganz, is a holding company building AI across consumer and enterprise. It launched during the first wave of consumer generative AI as an early AI super app, bringing more than 100 AI tools and assistants into a single consumer platform that peaked within the top 10 of its Apple App Store category, according to company data. The company then expanded into creator AI, developing technology that lets public figures build interactive AI experiences around their personality, voice, knowledge and content. In 2024, Ultimate AI created Pookie Tools (widely known as the Hawk Tuah AI app), whose launch generated more than 400 million organic social media views and more than 10,000 downloads in its first seven days with no paid marketing, according to company data. It went on to develop real-time voice and personality products, including an experience Fox News described as Hollywood’s first real-time AI experience.

Ultimate Deployment, the enterprise arm that GR0 is acquiring, formed in March 2026 following the release of frontier agentic models from Anthropic and OpenAI, and applies that technology inside operating companies. It builds AI employees that capture how a business operates, unify its data and systems, and perform real operational work across sales, customer experience, marketing, finance and internal teams.

Company: GR0
Media Contact Name: GR0 Agency
Media Contact Email: press@gr0.com
Phone: +1 (310) 439-1887
Address: Los Angeles, CA, USA
Website: https://gr0.com/

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Tech Mahindra and Cisco Partner to Bring AI-Driven Security Service Edge to Global Enterprises

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PUNE, India, July 24, 2026 /PRNewswire/ — Tech Mahindra (NSE: TECHM), a leading global provider of technology consulting and digital solutions to enterprises across industries, announced a partnership with Cisco to deliver an AI-driven Security Service Edge (SSE) offering for global enterprises. The joint offering will help enterprises reduce security complexity, improve visibility and control, deliver seamless user access, and strengthen resilience as they scale cloud, hybrid work, and AI adoption.

The partnership combines Tech Mahindra’s global managed services, integration, and delivery expertise with Cisco’s industry-leading Security Service Edge (SSE) platform (Cisco Secure Access) to provide unified, cloud-native security and seamless zero-trust access across users, devices, networks, and locations. For Tech Mahindra, the partnership strengthens its cybersecurity portfolio with differentiated, high-value managed security services, expands its addressable market, and accelerates pipeline growth in cloud security.

Saket Singh, SVP & Business Head – Digital Core Services (Cloud, Infrastructure, Network and Cyber Security Services), Tech Mahindra, said, “As enterprises increasingly operate in hybrid and distributed environments, security must evolve from siloed controls to unified, cloud-native platforms. Fragmented tools, inconsistent user experiences, and rising threats are creating visibility and control gaps as applications are accessed from anywhere. Through our partnership with Cisco, we are combining advanced SSE capabilities with Tech Mahindra’s managed services expertise to simplify operations, strengthen zero-trust enforcement, and deliver consistent, AI-powered protection at scale.”

By integrating a secure web gateway, cloud access security broker (CASB), zero trust network access (ZTNA), firewall-as-a-service, data loss prevention (DLP), and much more into a single platform, the offering simplifies security operations and delivers AI-powered protection. Enterprises benefit from end-to-end visibility, faster deployment, and a streamlined path to modernizing their security architecture while accelerating secure cloud adoption and cyber resilience. Additionally, as enterprises inevitably step into the agentic era, this solution provides robust and rapidly expanding protections for the use of generative AI and AI agents.

Raj Chopra, SVP & Chief Product Officer, Cisco Security Business Group, said, “Enterprises don’t need another tool to stitch into an already complex security stack. They need a simpler way to secure how work actually happens across users, devices, applications, clouds, and increasingly AI agents. Cisco Secure Access brings zero trust, identity context, and AI-powered protection into one cloud-delivered platform, helping teams enforce policy consistently while giving users seamless access from anywhere. Together with Tech Mahindra’s global managed services and integration expertise, we can help organizations modernize security operations, accelerate secure cloud and AI adoption, and move with confidence in the agentic era.”

The integrated SSE solution reinforces Tech Mahindra and Cisco’s leadership in unified cloud-security, helping enterprises simplify secure access, strengthen resilience and accelerate digital transformation in an increasingly distributed and AI-driven world.

 

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SOURCE Tech Mahindra

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