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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.

Insights into how AI is reshaping industries and driving growth- Download a Sample Report

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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TELUS transforms legacy telecommunications site into 195 new homes for Nanaimo

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Across Canada, demand for rental housing continues to outpace supply. TELUS Living is helping address this challenge by transforming existing TELUS properties into smart, sustainable homes in communities where new housing is needed most.

NANAIMO, BC, July 23, 2026 /CNW/ — TELUS Living today opened a new 195-home purpose-built rental community in downtown Nanaimo, transforming a former telecommunications property into smart, sustainable housing that helps address one of Canada’s most pressing challenges: increasing rental supply in growing communities. Located at 235 Wallace St, the multi-storey, mixed-use build features 195 purpose-built rental units, providing much-needed housing supply to downtown Nanaimo, while thoughtfully honouring the city’s unique coastal identity and heritage.

The Nanaimo development is part of TELUS’ long-term strategy to repurpose legacy telecommunications infrastructure into purpose-built rental housing as the company modernizes its network and completes the transition from copper to PureFibre technology. The Nanaimo community joins TELUS Living’s growing portfolio of developments that are transforming underutilized TELUS properties into housing across Canada.

“The Nanaimo development represents exactly what TELUS Living stands for by providing purpose-built rental housing tailored to the specific needs of the community it serves. We’ve designed 235 Wallace St with Nanaimo’s unique character in mind, offering a curated lifestyle that blends a climate-conscious, Zero Carbon Design approach with top-tier wellness and smart-tech amenities,” said Manasweeta Bhatia, Vice President of Corporate Real Estate at TELUS. “We shape every TELUS Living project by listening to the community, understanding its unique identity and design needs, and building accordingly. Its central downtown location and proximity to both Vancouver Island University and Nanaimo Regional General Hospital also position it as an ideal home for students, educators, and healthcare workers seeking modern, connected living.”

“More housing and good jobs are a win-win for downtown Nanaimo,” said Sheila Malcolmson, MLA for Nanaimo-Gabriola Island. “Adding to the approximately 1,500 affordable homes our B.C. government has completed and underway in Nanaimo, it’s great to see TELUS stepping up with 195 new units. It’s been great to see hundreds of construction and indirect jobs in town, and I can’t wait to see folks move into their new homes.”

“I’m thrilled to see a new rental option in downtown Nanaimo, and especially excited that this conversion was made with sustainability and active transportation in mind,” said George Anderson, MLA for Nanaimo-Lantzville. “Ensuring everyone can find homes they can afford in the communities they love requires creative approaches, and I hope to see more creativity like this in the future.”

“I’m delighted to celebrate the opening of TELUS Living Nanaimo, a landmark project that strengthens our downtown as a vibrant, inclusive place to live,” said Leonard Krog, Mayor of Nanaimo. “This partnership between the City of Nanaimo, our community, and TELUS demonstrates what’s possible when we work together toward shared goals. The addition of nearly 200 diverse housing options is exactly what our city needs, and we’re excited about the positive impact this will have on our community. TELUS’ commitment to our city and investment in our future will contribute to Nanaimo’s economic and social vitality.”

Situated within walking distance of downtown’s vibrant cafes, eclectic Old City Quarter, the iconic Harbourfront Walkway, and a short transit ride from Vancouver Island University and Nanaimo Regional General Hospital, the development is architecturally designed to blend classic and contemporary exterior elements. Curated for modern living, the community offers an expansive suite of indoor and outdoor social amenities alongside street-level retail and public art contributions.

Project Highlights:

Smart-Enabled Living: Powered by the TELUS PureFibre network, the custom TELUS Living App provides keyless entry, smart climate control, leak detection, parcel notifications, visitor management, and amenity bookings.Social & Wellness Amenities: Features a rooftop deck with an outdoor kitchen, BBQs, and panoramic views, alongside a state-of-the-art fitness centre and resident lounge.Pet & Active Lifestyle Ready: Equipped with a dedicated children’s outdoor play area, outdoor bark park and pet care station, secure underground parking, bike storage and maintenance facilities.Premium Functional Interiors: Studio to three-bedroom layouts include private balconies, individual A/C with Energy Recovery Ventilators (ERVs) for optimal air quality, Samsung SmartThings appliances, and in-suite laundry.Gold-Standard Sustainability: Sets a Vancouver Island benchmark aligned with Zero Carbon Design standards and Salmon-Safe development guidelines that actively protects local ecosystems.

This opening marks a significant milestone in TELUS Living’s mission to transform existing real estate holdings into purpose-built rentals that bridge the housing gap with smart, sustainable, and community-focused developments. As TELUS completes its transition from legacy copper to advanced fibre networks, the company is transforming its historic central offices–which once served as the backbone of B.C.’s phone system–into vibrant, smart, purpose-built rental communities. TELUS Living is breathing new life into these properties to help address Canada’s housing crisis. For more details on TELUS Living Nanaimo or to view available floor plans, please visit telusliving.com/nanaimo.

About TELUS

TELUS (TSX: T, NYSE: TU) is a world-leading communications technology company operating in more than 45 countries and generating over $20 billion in annual revenue with more than 17 million customer connections through our advanced suite of broadband services for consumers, businesses and the public sector. We are committed to leveraging our technology to enable remarkable human outcomes. TELUS is passionate about putting our customers and communities first, leading the way globally in client service excellence and social capitalism. TELUS Health is enhancing approximately 170 million lives across 200 countries and territories through innovative preventive medicine and well-being technologies. TELUS Agriculture & Consumer Goods utilizes digital technologies and data insights to optimize the connection between producers and consumers. TELUS Digital specializes in digital customer experiences and future-focused digital transformations that deliver value for their global clients. Guided by our enduring ‘give where we live’ philosophy, TELUS continues to invest in initiatives that support education, health and community well-being. In 2023, we launched the TELUS Student Bursary, which strives to ensure that every young person in Canada who wants a postsecondary education has the opportunity to pursue one. To date, the program has distributed over $6 million in bursaries to 2,000 students and counting. Since 2000, TELUS, our team members and retirees have contributed $1.85 billion in cash, in-kind contributions, time and programs, including 2.5 million days of service–earning TELUS the distinction of the world’s most giving company.

For more information, visit telus.com.

For more information, please contact:
Brandi Rees
TELUS Public Relations
brandi.rees@telus.com 

SOURCE TELUS Communications Inc.

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Award-Winning Author Euran Daniels to Deliver Opening Keynote at International Nevus Outreach Conference, Unveiling New $100,000 Global Initiative to Advance CMN Research and Awareness

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ORLANDO, Fla., July 24, 2026 /PRNewswire/ — Award-winning author, entrepreneur, and Congenital Melanocytic Nevus (CMN) advocate Euran S. Daniels will deliver the opening keynote address at the 2026 Nevus Outreach International Conference on Sunday, July 26, 2026, at 1:00 p.m. at the Renaissance Orlando at SeaWorld®.

Launching the conference under this year’s theme, “Amplify,” Daniels will share his personal journey of living with CMN for more than 50 years and challenge attendees to transform awareness into meaningful action through hope, advocacy, and research.

During his keynote, Daniels will unveil a new global initiative aimed at expanding awareness and inspiring greater support for CMN research. The initiative will encourage individuals, healthcare organizations, corporations, and philanthropists to join a collaborative effort to improve the lives of those affected by this rare skin condition.

“For more than fifty years, I’ve lived with a visible mark that became my purpose,” said Daniels. “My hope is that every person leaves this conference believing they can make a difference by amplifying hope, supporting research, and leaving a positive impact on the lives of others.”

CMN is a rare skin condition present at birth that, in its larger forms, affects approximately 1 in every 20,000 births. Individuals living with CMN may face complex medical challenges, including an increased risk of melanoma, multiple surgeries, and the emotional impact of living with a visible difference.

Daniels’ keynote will focus on three powerful messages: You’re Not Alone. Live Your Life. Leave Your Mark.Through his story of resilience and leadership, he hopes to inspire families, advocates, researchers, and community leaders to work together to create greater awareness and opportunity for those living with CMN.

Media are invited to attend the keynote address to learn more about this initiative. 

For more information, visit www.EuranDaniels.com or to support CMN research, visit www.nevus.org/joineuran.

Media Contact:
Media Relations – Fanisha Love (910) 262-3439
Email: info@danielscompany.com
Website: www.EuranDaniels.com

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SOURCE Daniels Company

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Immigration Desk Shares Guidance for Entrepreneurs and Foreign Businesses Planning US Expansion in 2026

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NEWTON, Mass., July 24, 2026 /PRNewswire/ — Immigration Desk is highlighting key immigration considerations for entrepreneurs, investors, and foreign-owned companies looking to establish or expand a presence in the United States, as interest in cross-border growth continues alongside evolving visa procedures and compliance expectations. The firm noted that many business owners plan with a general goal of opening a US office,  only to be met by a system that favors careful planning and documentation. 

Immigration planning often intersects with business planning, with company structure, ownership percentage, funding sources, job roles, and operational timelines influencing the pathways available and evidence required. A viable business plan alone often isn’t enough, and applicants must also meet specific legal definitions tied to visa categories. Those definitions, however, can differ significantly depending on the route pursued.

“Business immigration is not a single form or a single standard,” said Anu Gupta, attorney at Immigration Desk. “Entrepreneurs and foreign businesses often come to the process thinking in terms of growth goals like opening a location, hiring, and launching a product. However, the immigration system asks for detailed proof of role, eligibility, and structure. Planning early helps align those two realities and avoids last-minute surprises.”

Immigration Desk notes that entrepreneurs and foreign businesses typically evaluate options based on the nature of the US activity and the individual’s role. For some, the relevant question is whether a company can transfer an executive, manager, or specialized employee to a US office under an intracompany framework, particularly when the business can document a qualifying relationship between entities.

For others, the analysis may focus on investment-based categories where the applicant is actively directing and developing a US enterprise. In still other cases, founders may explore categories that emphasize extraordinary ability, research-based work, or employer sponsorship, depending on the individual’s background and the company’s needs.

L-1 and E-2 Visas: Pathways for Multinational Companies and Investors

For companies evaluating intracompany transfers, the L-1 visa provides a structured pathway for multinational businesses to bring executives, managers, or employees with specialized knowledge to a U.S. office — including newly established entities. Immigration Desk notes that L-1 cases require careful documentation of the qualifying relationship between the foreign and U.S. companies, as well as a clear demonstration of the applicant’s role and seniority. For new U.S. offices in particular, USCIS applies additional scrutiny to whether the operation is sufficiently established to support the position being petitioned.

The E-2 treaty investor visa offers a separate route for entrepreneurs from qualifying treaty countries who are making a substantial investment in and actively directing a U.S. enterprise. While the E-2 does not require a minimum investment threshold, Immigration Desk emphasizes that the investment must be proportional to the nature of the business and at risk in a commercial sense — factors that require careful structuring and documentation from the outset. Unlike some other business visa categories, the E-2 does not provide a direct path to permanent residency, which means founders relying on it should also plan for long-term status options early in the process.

The firm also points to a recurring challenge for growth-stage companies: staffing. Employer-sponsored visas can involve strict timing, evolving agency practices, and in some categories, annual numerical limits. In recent years, many employers have sought clarity on how to plan around the H-1B cap and lottery cycle, particularly when hiring needs don’t align neatly with government filing windows.

While the H-1B category remains widely used for specialized professional roles, Immigration Desk emphasizes that businesses should treat it as one part of a broader hiring and compliance plan rather than a single solution, especially when role definitions, worksite compliance, and documentation requirements are central to adjudication.

“People often focus on the name of a visa category, but the practical work is in the documentation and the operational reality behind the petition,” Gupta added. “For businesses, that means understanding what the government expects in terms of job duties, business activity, and the evidence that supports eligibility. For entrepreneurs, it can mean clarifying ownership, funding, and what day-to-day leadership looks like in a way that is consistent and well documented.”

Immigration Desk also notes that immigration planning frequently involves risk management. Businesses may need to consider how quickly a US operation must become functional, what happens if timelines shift, and how to maintain continuity if a petition is delayed or requires additional review. For founders, the concerns often include whether a pathway supports both business operations and personal stability, including travel, family planning, and long-term status options.

The firm cautions that immigration outcomes depend on individualized facts and that what works for one company may not apply to another. However, the most consistent problems, like incomplete timelines, inconsistent documentation, unclear roles, and last-minute filings, are completely avoidable. In response to those issues, Immigration Desk encourages business owners to approach US immigration as a phased process that begins with strategy and thorough preparation, with an operational plan for compliance after arrival.

For more information, please refer to the company’s website.

Immigration Desk
704 Walnut Street Newton, MA 02459
1-800-688-7892
https://immigrationdesk.com/
clients@ImmigrationDesk.com 

At Immigration Desk, attorney Anu Gupta and her team have helped thousands of entrepreneurs, investors, and multinational companies navigate complex immigration matters. With more than 40 years of combined experience and over 10,000 immigration cases handled, the firm has developed a reputation for careful preparation and strategic case planning. Whether you are a startup founder, a multinational executive, or an investor seeking to establish a presence in the United States, Immigration Desk can help you determine the most effective immigration strategy for your situation.

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