Global Edge Computing Market, By Component (Hardware, Gateways, Micro Data Centers, Platform, Solution and Services), Technology (Mobile Edge Computing and Fog Computing), Application (Smart Cities, Location Services, Analytics, Environmental Monitoring, Optimized Local Content, Data Caching, Augmented Reality and Others), Organization Size (Small & Medium-Sized Enterprises and Large Enterprises), Vertical (Manufacturing, Healthcare, Transportation, Government & Public, Media & Entertainment, Energy & Utilities, Telecom & IT, Retail and Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Edge computing market is expected to grow by USD 38.65 billion at CAGR of 33.75% in the forecast period of 2021 to 2028. Data Bridge Market Research report on edge computing market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecasted period while providing their impacts on the market’s growth. The growing adoption of IoT and overload on cloud infrastructure has been directly impacting the growth of edge computing market.
Edge computing can be described as a modern technology that is based on a distributed computing system which simply means that a number of different users can access the data from a number of different devices that are connected with each other. The concept behind edge computing is that the users have access to the various resources and data at their disposal wirelessly.
Widespread usage and adoption of IoT leading to overload on cloud foundation is a driving factor for the edge computing market. Increasing levels of adoption and applications in a number of different industry verticals is also a driver for the edge computing market. Rise in the adoption of the technology by telecom companies is an opportunity for the edge computing market.
Concerns pertaining to hacks and cyber security in edge computing is a challenge for the edge computing market. However, due to the modern nature of edge computing there is a lack of standardization and issues in operations and integration of edge computing which is the main restraint for the growth of edge computing market during the forecast period of 2021- 2028.
This edge computing market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on Data Bridge Market Research edge computing market contact us for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
In July 2019, China Mobile Beijing and Huawei launched a pilot project for a smart stadium at Beijing South Railway Station based on multi-access edge computing (MEC). The project is supposed to produce more revenue for the company.
Edge Computing Market Scope and Market Size
Edge computing market is segmented on the basis of component, technology, application, organization size and vertical. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- Based on component, the edge computing market has been segmented into hardware, gateways, micro data centers, platform, solution and services.
- Edge computing market on the basis of technology has been segmented as mobile edge computing and fog computing.
- Based on application, the edge computing market has been segmented into smart cities, location services, analytics, environmental monitoring, optimized local content, data caching, augmented reality and others.
- Based on organization size, the edge computing market has been segmented into small & medium-sized enterprises and large enterprises.
- Based on vertical, the edge computing market has been segmented into manufacturing, healthcare, transportation, government & public, media & entertainment, energy & utilities, telecom & IT, retail and others.
Edge Computing Market Country Level Analysis
Edge computing market is analysed and market size, volume information is provided by country, component, technology, application, organization size and vertical as referenced above.
The countries covered in the edge computing market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America will dominate the edge computing market due to convergence of edge computing with the Industrial Internet of Things (IIoT) has emphasized manufacturers in the U.S. to move towards connected factories. Emergence of several startups providing platforms to develop an edge-enabled solution is also a driver for the market in this region. While Asia-Pacific will be expected to witness the highest growth rate due to development of AI (Artificial Intelligence) technologies, with the opening of Microsoft Corporation’s research labs in China and India. IoT device management and edge computing with 5G networks is also a driver for the market in this region.
The country section of the edge computing market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Edge Computing Market Share Analysis
Edge computing market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to edge computing market.
The major players covered in the edge computing market report are Nokia, Huawei Technologies Co. Ltd., Juniper Networks Inc., Dell, Cisco, Hewlett Packard Enterprise Development LP, SixSq Sàrl, FogHorn Systems, Vasona Networks Inc., MachineShop Inc., Saguna Networks Ltd., Vapor IO, Violin Systems LLC, Aricent Inc., ADLINK Technology Inc., Amazon Web Services Inc., GENERAL ELECTRIC, IBM Corporation, Intel Corporation, Microsoft, SAP SE. among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Customization Available : Global Edge Computing Market
Data Bridge Market Research is a leader in consulting and advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customised to include production cost analysis, trade route analysis, price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), import export and grey area results data, literature review, consumer analysis and product base analysis. Market analysis of target competitors can be analysed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Factbook) or can assist you in creating presentations from the data sets available in the report.