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StockNews.com
Business
Anushka Dutta

3 Edge Computing Stocks Wall Street Predicts Will Rally 35% or More

Edge computing serves a global audience by prioritizing distributed infrastructure and micro-data centers that process and store digital resources. Edge computing solutions provide enterprise organizations with the necessary tools to keep pace with increasing data speeds.

According to International Data Corporation (IDC), worldwide spending on edge computing is expected to reach $176 billion in 2022, indicating a 14.8% year-over-year surge. Dave McCarthy, Research Vice-President for Cloud and Edge Infrastructure Services at IDC, said, “Organizations investing in edge computing combined with AI and modern application design will have an advantage when it comes to tackling whatever challenge comes next.”

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