The Global Edge Computing Market was valued at US$ 3.2 billion in 2019 and the estimated CAGR for 2020 to 2030 is 23%.
Expanding Internet of Things infrastructure, increased demand for low latency and real time processing, and rapidly increasing data volume are the key contributors towards the growth of the global edge computing market. Edge computing refers to processing of data at local network or edge of the network to reduce data latency and improve performance. The edge devices process the data generated at the devices with the help of edge servers or integrated processing unit.
The essential data pointers are then communicated with the cloud server instead of communicating entire real time data. This improves the efficiency of cloud platforms and also facilitates real time and fast processing of locally generated data. Edge computing helps in reducing cost associated with network bandwidth as well as cost of cloud services, thus is expected to witness prominent growth during the forecast period.
The emergence of cloud computing has bought several advantages to the IT companies globally such as reduced cost associated with enterprise IT infrastructure. This has accelerated the adoption of cloud computing globally. However, the cost associated with increased cloud storage and processing and high bandwidth requirement has jeopardized the move towards cloud computing. This has contributed towards the adoption of edge computing to achieve low operational cost and reduced latency.
Fueled by the increasing demand for low latency, reduced bandwidth requirement and expanding distributed computing network, the global edge computing market is expected to witness prominent growth during the forecast period.
North America contributed a dominating share to the global edge computing market in 2019 and is anticipated to be a dominating segment throughout the forecast period owing to strong presence of leading edge computing platform, software providers and hardware manufactures across the United States.
Increased adoption of edge computing across multiple industries fueled by rising investment in Smart Factory is expected to drive the growth of the North America edge computing market during the forecast period. Asia Pacific is anticipated to be the most lucrative market during the forecast period owing to rising investment in IoT and IIoT across emerging countries.
Increasing adoption of advanced communication infrastructure across leading countries is expected to drive the growth of Asia Pacific edge computing market during the forecast period.
Edge Computing Market Share Analysis, by Geography (2022)
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The report titled “Edge Computing Market - Global Market Share, Trends, Analysis and Forecasts, 2023-2032” offers market estimates for a period 2019 to 2032, wherein 2021 is historic period, 2022 is the base year, and 2023 to 2032 is forecast period.
Additionally, the study takes into consideration the competitive landscape, wherein the report would provide company overview and market outlook for leading players in the global edge computing market. Furthermore, the report would reflect the key developments, global & regional sales network, business strategies, research & development activities, employee strength, and key executive, for all the major players operating in the market.
The global edge computing market is segmented based on component, applications, enterprise size, industry vertical, and geography. Based on component, the global edge computing market is segmented into hardware, software, edge-managed platforms, and services. Based on applications, the global edge computing market is segmented into smart cities, industrial internet of things (IIoT), augmented reality (AR) & virtual reality (VR), autonomous vehicles, and others. Based on enterprise size, the global edge computing market is segmented into large enterprise and small & medium enterprise (SME). Based on industry vertical, the global edge computing market is segmented into industrial, healthcare, energy & utility, agriculture, transportation & logistics, retail, wearables, datacenters, and others. Based on geography, the global edge computing market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America.
The research provides in-depth analysis of prominent players holding majority share of the global market with a focus on all operating business segment and would identify the segment of the company focusing on edge computing tools and services.
Further, market share of prominent companies in the global edge computing market would also be estimated. the study takes into consideration the key competitive information such as business strategy, product portfolio, key development, swot analysis, and research and development focus of all the edge computing companies.
The global edge computing market study would take into consideration the participants engaged throughout the ecosystem of the market, along with their contribution.
Product portfolio would focus on all the products under the edge computing business segment of the company. Similarly, the recent development section would focus on the latest developments of company such as strategic alliances and partnerships, merger and acquisition, new product launched and geographic expansion in the global edge computing market.
Major players active in the global edge computing market include ABB, Altran, Amazon Web Services, Inc., Atos SE, Belden Inc., Cisco Systems, Inc., ClearBlade, Inc., Cloudflare, Inc., Dell Technologies Inc., Digi International Inc., EdgeConneX Inc., GENERAL ELECTRIC, Hewlett Packard Enterprise Development LP, Honeywell International Inc., Huawei Technologies Co., Ltd., IBM, Intel Corporation, Microsoft, Moxa Inc., Rockwell Automation, Inc., SAP SE, Siemens, and Sierra Wireless.
The Global Edge Computing Market Is Segmented As Below:
Based On Component
Based On Applications
Based On Enterprise Size
Based On Industry Vertical
By geography
The sample report for the Edge Computing Market can be obtained on demand from the website. Also, the 24*7 chat support & direct call services are provided to procure the sample report.
The global Edge Computing market is estimated to surpass US$ 3.2 Billion by 2032.
Major players operating in the global Edge Computing market include (ABB, Altran, Amazon Web Services, Inc., Atos SE, Belden Inc., Cisco Systems, Inc., ClearBlade, Inc., Cloudflare, Inc., Dell Technologies Inc., Digi International Inc., EdgeConneX Inc., GENERAL ELECTRIC, Hewlett Packard Enterprise Development LP, Honeywell International Inc., Huawei Technologies Co., Ltd., IBM, Intel Corporation, Microsoft, Moxa Inc., Rockwell Automation, Inc., SAP SE, Siemens, and Sierra Wireless.).
Edge Computing are largely used in the (Smart Cities, Industrial Internet Of Things (IIOT), Augmented Reality (AR) & Virtual Reality (VR), Autonomous Vehicles and Others).
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