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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.

Download complimentary Sample Report to gain insights into AI’s impact on market dynamics, emerging trends, and future opportunities- including forecast (2024-2028) and historic data (2018 – 2022) 

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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HelloNation Examines Medicare Advantage & Medigap Coverage Differences, Featuring Financial Advisor Ash Toumayants

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July 24, 2026

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The article reviews provider access, prescription coverage, and out-of-pocket expenses when comparing Medicare Advantage and Medigap plans.

STATE COLLEGE, Pa., July 24, 2026 /PRNewswire/ — How should residents evaluate whether Medicare Advantage or Medigap coverage better fits their healthcare and financial needs? HelloNation answers this question in an article that explains the key considerations involved in choosing between Medicare Advantage and Medigap plans.

The HelloNation article features insights from Financial Advisor Ash Toumayants of Strong Tower Associates. The article explains that both Medicare Advantage and Medigap supplement Original Medicare but differ significantly in how they handle healthcare providers, prescription coverage, and overall out-of-pocket expenses.

Medicare Advantage plans are typically offered through private insurers and bundles Medicare Part A, Part B, and possibly prescription coverage into a single policy. However, Medicare Advantage plans generally operate with provider networks, meaning healthcare providers must often be selected from within the plan’s approved list.

For residents across Pennsylvania, provider access can play an important role in selecting the right plan. The article explains that individuals should review which healthcare providers are included in a Medicare Advantage network before enrolling. Plan networks may vary by county in Pennsylvania, so residents should confirm that their preferred doctors and specialists are covered.

Medigap plans, also known as Medicare Supplement Insurance, operate differently from Medicare Advantage. The article explains that Medigap works alongside Original Medicare and helps cover certain out-of-pocket expenses such as copays, coinsurance, and deductibles. Although Medigap policies generally involve higher monthly premiums, they can offer greater predictability in medical expenses.

One advantage of Medigap is flexibility in choosing healthcare providers. The article explains that individuals with Medigap coverage can typically visit any doctor or specialist who accepts Medicare nationwide. This broader provider access can be beneficial for retirees who want more freedom in choosing healthcare providers across Pennsylvania or while traveling.

Prescription coverage is another important factor in the decision process. Many Medicare Advantage plans include prescription coverage as part of their bundled benefits. In contrast, Medigap plans do not include prescription coverage, which means individuals who choose Medigap often purchase a separate Medicare Part D plan to manage medication costs.

Budget considerations also influence the decision between Medicare Advantage and Medigap. The article explains that while Medicare Advantage plans may have lower premiums, they often include copays and service limits that affect annual out-of-pocket expenses. Medigap plans generally involve higher premiums but may reduce unexpected out-of-pocket expenses throughout the year.

Travel and lifestyle habits can also affect which plan is more suitable. The article explains that Medicare Advantage plans may have limitations on out-of-network care outside their coverage area. For residents in Pennsylvania who travel frequently or spend time in multiple locations, Medigap coverage may offer greater flexibility when accessing healthcare providers.

Enrollment timing is another important consideration discussed in the article. Medicare Advantage and Medigap plans have different enrollment rules and deadlines tied to the Initial Enrollment Period or the annual Medicare Open Enrollment period. Missing these enrollment opportunities can limit plan choices or result in additional underwriting requirements.

The article concludes that choosing between Medicare Advantage and Medigap in Pennsylvania requires careful evaluation of healthcare providers, prescription coverage, travel habits, budget considerations, and potential out-of-pocket expenses. Comparing plan structures and reviewing coverage details helps individuals make informed decisions that align with their healthcare and financial priorities.

How to Decide Between Medicare Advantage & Medigap features insights from Ash Toumayants, Financial Advisor of State College, PA, in HelloNation.

About HelloNation
HelloNation is America’s Good News Network, a premier media platform built on the idea that good news travels faster when real people tell real stories. Through its community-focused publications and innovative “edvertising” approach, HelloNation delivers content that informs, inspires, and spotlights the leaders making a meaningful impact in their communities.

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In HelloNation, Pool & Landscaping Expert Tina Possehn Wolbers Discusses What Pool Opening & Closing Services Include

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July 24, 2026

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The article highlights how seasonal pool service simplifies pool maintenance and protects backyard pools year-round.

LANSING, Mich., July 24, 2026 /PRNewswire/ — What is included with pool opening and closing services, and how do they support pool ownership? The answer is explored in a HelloNation article, which features insights from Tina Possehn Wolbers of Wolbers-Possehn Pools, Ponds and Landscapes.

The HelloNation article explains that seasonal pool service plays a key role in maintaining a backyard pool throughout the year. By handling the transition between seasons, pool opening service and pool closing service make pool maintenance more manageable and allow homeowners to focus on enjoying their space.

Pool opening service marks the beginning of the swimming season. One of the first steps is removing the pool cover, which has protected the pool during colder months. The pool cover is carefully cleaned and stored, helping extend its lifespan and prepare it for future use. Once removed, the backyard pool begins to take shape as a clean and inviting environment.

Another important part of pool opening service is reconnecting and inspecting pool equipment. Pumps, filters, and circulation systems are checked to ensure they are functioning properly. This step helps restore water flow and sets the foundation for effective pool maintenance throughout the season.

Water level adjustments and water balancing are also essential components of pool opening service. Ensuring proper water levels allows systems to run efficiently, while water balancing helps create a safe and comfortable swimming environment. These steps help homeowners enjoy their backyard pool without unnecessary complications.

The article emphasizes that pool opening service and pool closing service are key components of seasonal pool service, helping simplify pool maintenance and reduce the stress of managing a pool. With a structured approach, homeowners can rely on consistent care that keeps their pool in good condition.

Pool closing service prepares the pool for colder months when it is not in use. This process includes lowering the water level to help prevent potential damage. Proper water management during pool closing service helps protect the structure and equipment over time.

Protecting plumbing lines is another critical part of pool closing service. Water is removed from pipes to prevent freezing and expansion, which could lead to damage. Taking these steps ensures that the system remains intact and ready for the next pool opening service.

Securing the pool cover completes the process. A properly fitted pool cover keeps debris out and helps maintain water quality during the off-season. It also makes the next pool opening service easier by reducing the amount of cleaning required.

Seasonal pool service provides a more predictable and low-stress experience for homeowners. Instead of handling every detail themselves, pool owners can rely on professional processes that keep their backyard pool functioning properly year after year.

Beyond maintenance, a well-cared-for backyard pool becomes a space for relaxation and connection. Whether hosting gatherings or enjoying quiet time, the pool adds value to everyday life. Pool opening service and pool closing service support that experience by keeping the pool ready when it matters most.

The HelloNation article concludes that understanding what is included in seasonal pool service helps homeowners set clear expectations and maintain their pool with confidence. With proper pool maintenance, water balancing, and use of a secure pool cover, owning a backyard pool in Lansing becomes both simple and enjoyable.

What Is Included With Pool Opening & Closing Services in Lansing? features insights from Tina Possehn Wolbers, Pool & Landscaping Expert of Lansing, MI, in HelloNation.

About HelloNation

HelloNation is America’s Good News Network, a premier media platform built on the idea that good news travels faster when real people tell real stories. Through its community-focused publications and innovative “edvertising” approach, HelloNation delivers content that informs, inspires, and spotlights the leaders making a meaningful impact in their communities.

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Verra Mobility Schedules Second Quarter 2026 Earnings Call

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July 24, 2026

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MESA, Ariz., July 24, 2026 /PRNewswire/ — Verra Mobility Corporation (NASDAQ: VRRM), a leading provider of smart mobility technology solutions, announced today that it will report financial results for the second quarter ended June 30, 2026, after market close on August 5, 2026.

Verra Mobility’s Interim Chief Executive Officer, Jon Keyser, and Chief Financial Officer, Craig Conti, will host a conference call and live webcast to discuss financial results for investors and analysts at 5:00 p.m. ET on August 5, 2026.

A live webcast will be available on the Company’s Investor Relations website at ir.verramobility.com. To access this conference call by telephone, register here to receive dial-in numbers and a unique PIN to join the call. A replay of the call will also be made available on the Investor Relations website.

In addition, an archived webcast will be available in the “News & Events” section of Verra Mobility’s Investor Relations website at ir.verramobility.com.

About Verra Mobility

Verra Mobility Corporation (NASDAQ: VRRM) is a leading provider of smart mobility technology solutions that make transportation safer, smarter and more connected. The company sits at the center of the mobility ecosystem, bringing together vehicles, hardware, software, data and people to enable safe, efficient solutions for customers globally. Verra Mobility’s transportation safety systems and parking management solutions protect lives, improve urban and motorway mobility and support healthier communities. The company also solves complex payment, utilization and compliance challenges for fleet owners and rental car companies. Headquartered in Arizona, Verra Mobility principally operates in North America, Europe and Australia. For more information, please visit www.verramobility.com.

Forward Looking Statements

This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements include, but are not limited to, statements about Verra Mobility’s plans, objectives, expectations, beliefs and intentions and other statements including words such as “hope,” “anticipate,” “may,” “believe,” “expect,” “intend,” “will,” “should,” “plan,” “estimate,” “predict,” “continue” and “potential” or the negative of these terms or other comparable terminology. The forward-looking statements herein represent the judgment of Verra Mobility, as of the date of this release, and Verra Mobility disclaims any intent or obligation to update forward-looking statements. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those currently anticipated. This press release should be read in conjunction with the information included in Verra Mobility’s other press releases, reports and other filings with the SEC and on the SEC website, www.sec.gov. Understanding the information contained in these filings is important in order to fully understand Verra Mobility’s reported financial results and our business outlook for future periods. Actual results may differ materially from the results anticipated in the forward-looking statements and the assumptions and estimates used as a basis for the forward-looking statements.

Additional Information

We periodically provide information for investors on our corporate website, www.verramobility.com, and our investor relations website, ir.verramobility.com. We intend to use our website as a means of disclosing material non-public information and for complying with disclosure obligations under Regulation FD. Accordingly, investors should monitor our website, in addition to following the Company’s press releases, SEC filings and public conference calls and webcasts.

Media Relations:

Investor Relations:

Valerie Schneider

Mark Zindler

valerie.schneider@verramobility.com

mark.zindler@verramobility.com 

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