Market Research Future Insights
The Global Edge Computing Market is estimated to be worth USD 168.59 Billion by 2030, registering a 24.5% CAGR during the forecast period (2022- 2030).
Edge computing is a technique for improving cloud computing systems by processing data at the edge of the network, near the source of the data. The key beneficial aliment of edge computing is that it diminishes the time for the operation to milliseconds and lowers the load on the network. Transmission of large amounts of loads generates tremendous load on the network. Therefore, edge computing processes all data at the edge of its source and analyze the data, and send only valuable information on it, rather than frequently broadcasting data over the network. For example, a smart thermostat transmits data only when the temperature increases or falls from acceptable limits.
The edge server is projected to be the booming hardware segment. The development of autonomous vehicles to get information like the weather, light, and road condition, get navigation, control, and even automatically drive has boosted the Edge Computing Market Share. The augmented demand for edge servers throughout various industrial verticals accounts for the segment's promising growth prospects.
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Edge computing is a distributed computing paradigm that brings computation and data storage closer to the sources of data. This is expected to improve the speed, responsiveness, and efficiency of various applications, including those that rely on the Internet of Things (IoT). Edge computing is designed to put applications and data closer to devices and their users. It minimizes the need for long-distance data transmission and allows for faster processing of data. Edge computing also enables more efficient use of resources, since processing is done near the source of the data, rather than in a centralized cloud or data center.
Edge computing is a technology that enables computation and data storage to take place at the edge of the network, rather than in the cloud or a data center. This helps to reduce latency and provide faster response times, as well as improve security and privacy by keeping data closer to the point of use. Common use cases for edge computing include predictive maintenance, energy efficiency initiatives, custom production runs, smart city applications, clinical decision-making, manufacturing process monitoring, data security and privacy, better application performance, and reducing operational costs. Edge computing can also be used in agriculture, Internet of Things (IoT) devices, and web applications.
The Global Edge Computing Market report provides an integrated evaluation of the market. The report provides a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a significant role in the market.
Regional Analysis
The Global Edge Computing Market is divided into five regions; North America, Asia Pacific, Europe, Latin America, and the Middle East Africa.
Asia Pacific counted for a significant revenue share due to an augmenting focus on strengthening networking technology in the region. The progression of Telco edge infrastructure to support 5G-enabled applications is estimated to be accelerated by the launch of 5G networks. IT investment in the zone is steadily increasing, which is projected to contribute to an upsurge in the usage of edge computing.
North America esteemed the largest revenue share of the Edge Computing Market. Multiple companies have also emerged to supply infrastructure for building edge-enabled solutions, which are anticipated to drive market growth in the region.
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Market Segmentation:
The Global Edge Computing Market is segmented into the following types;
By Component:
- Hardware
- Edge Nodes/Gateways (Servers)
- Sensors/Routers
- Others
- Cameras
- Drones
- HMD
- Robots
- Others
- Hardware by Type
- Hardware by End Point Devices
- Software
- Services
- Edge-managed Platforms
By Organization Size:
- Large Enterprises
- SMEs
By Deployment:
- On Premise
- Cloud
By Industry Vertical:
- Industrial
- Energy Utilities
- Healthcare
- Agriculture
- Transportation Logistics
- Retail
- Datacenters
- Wearables
- Smart Cities
- Smart Homes
- Smart Buildings
By Application:
- IIoT
- Remote Monitoring
- Content Delivery
- Video Analytics
- AR/VR
- Others
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Key Players:
The Global Edge Computing Market’s prominent key players are General Electric Company, Amazon Inc., Intel Corporation, Microsoft Corporation, SAP SE, Schneider Electric SE, Alphabet Inc., IBM Corporation, ADLINK Technology Inc., Huawei Technologies Co. Ltd., eInfochips, EdgeConnex Inc., Integrated Device Technology Inc., Fujitsu Ltd., Siemens AG, The Hewlett Packard Enterprise Company, ZenLayer Inc., Rittal GmbH Co. KG, ABB Ltd., Yokogawa Electric Corporation, and Advanced Micro Devices Inc.
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Research Objectives
2.2.2 Assumptions Limitations
2.3 Markets Structure
3 Market Research Methodology
3.1 Research Process
3.2 Secondary Research
3.3 Primary Research
3.4 Forecast Model
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