Global Edge Computing Market, By Component (Hardware, Gateways, Micro Data Center, 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 and Medium-Sized Enterprises and Large Enterprises), Vertical (Manufacturing, Healthcare, Transportation, Government and Public, Media and Entertainment, Energy and Utilities, Telecom and IT, Retail and Others) - Industry Trends and Forecast to 2030.
Edge Computing Market Analysis and Size
Widespread usage and adoption of IoT leading to overload on cloud foundation is a driving factor for the global edge computing market. Increasing levels of adoption and applications in a number of different industry verticals is also a driver for the market. Rise in the adoption of the technology by telecom companies is an opportunity for the edge computing market.
The global edge computing market was valued at USD 1,980.11 million in 2022 and is expected to reach USD 3,257.77 million by 2030, registering a CAGR of 8.6% during the forecast period of 2023-2030. “Hardware” segment is dominating in component segment due to the increasing demand for localized data processing, real-time analytics and the need for efficient and secure edge computing solutions contribute to this segment's prominence in driving the market growth.
In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Edge Computing Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015-2020)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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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 and Medium-Sized Enterprises and Large Enterprises), Vertical (Manufacturing, Healthcare, Transportation, Government and Public, Media and Entertainment, Energy and Utilities, Telecom and IT, Retail and Others)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E., South Africa, Egypt, Israel, Rest of the Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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Nokia (Finland), Huawei Technologies Co. Ltd. (China), Juniper Networks Inc. (U.S.), Dell (U.S.), Cisco (U.S.), Hewlett Packard Enterprise Development LP (U.S.), SixSq Sàrl (Switzerland), FogHorn Systems (U.S.), Vasona Networks Inc. (U.S.), MachineShop Inc. (U.S.), Saguna Networks Ltd. (Israel), Vapor IO (U.S.), Violin Systems LLC (U.S.), Aricent Inc. (U.S.), ADLINK Technology Inc. (U.S.), Amazon Web Services Inc. (U.S.), GENERAL ELECTRIC (U.S.), IBM Corporation (U.S.), Intel Corporation (U.S.), Microsoft (U.S.), SAP SE (Germany)
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Market Opportunities
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Market Definition
Global Edge Computing Market Dynamics
Edge computing can be described as modern technology based on a distributed computing system. This simply means that several different users can access the data from several different devices connected. The concept behind edge computing is that users can wirelessly access the various resources and data at their disposal.
Drivers
- Increasing demand for Low-Latency Data Processing and Real-Time Analytics
The global edge computing market is being propelled by the increasing demand for low-latency data processing and real-time analytics in key industries like manufacturing, healthcare, and transportation. These sectors require immediate access to data insights for efficient operations and decision-making. Edge computing enables faster processing at the network edge, reducing latency and enhancing real-time analysis capabilities. This growing need for rapid and localized data processing is driving the adoption of edge computing solutions across multiple industries, fueling market growth.
- Technological Advancements and Innovation
Technological advancements and innovation play a significant role in driving the global edge computing market. The continuous improvement in tablet technology, such as faster processors, better touchscreens, and advanced software capabilities, allows for more sophisticated and feature-rich tablet kiosks. Additionally, innovations in payment systems, connectivity options, and software applications open up new opportunities for interactive self-service solutions.
Opportunity
- The Proliferation of Internet of Things (IoT) Devices
The global edge computing market presents significant opportunities driven by the proliferation of Internet of Things (IoT) devices and the surge in data generated at the edge. As more devices and sensors are connected, there is a need for decentralized processing closer to the data source. Edge computing allows handling and analyzing data locally, reducing network congestion and enhancing operational efficiency. Additionally, edge computing enables real-time decision-making, data security, and compliance with data regulations. This creates a favorable landscape for the adoption of edge-computing solutions and drives market expansion.
Restraint/Challenge
- High cost and Initial Investment
The upfront capital cost of developing mega solar power plants can be substantial, including land acquisition, equipment procurement, engineering, and construction. This high initial investment can pose a barrier to entry for some developers, particularly in regions with limited access to financing or where the cost of capital is high.
This edge computing market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized 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 the edge computing market contact Data Bridge Market Research for an Analyst Brief, our team will help you make an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.
Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Recent Developments
- In March 2023, Huawei Technologies Co., Ltd., a leading global technology company, has unveiled its latest edge computing solution designed to empower industries with enhanced connectivity and intelligence. The new solution, named "Huawei Edge Fabric," offers a comprehensive and agile platform for enterprises to deploy and manage edge applications efficiently
- In June 2023, IBM Corporation, has announced the launch of its latest edge computing offering, aimed at enabling enterprises to unlock the power of edge computing and drive digital transformation. The new solution, called "IBM Edge Solutions," provides businesses with a comprehensive suite of edge computing technologies and services to accelerate the adoption of edge computing across industries
Global Edge Computing Market Scope
The global edge computing market is segmented on the basis of component, technology, application, organization size, and vertical. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Component
- Hardware
- Gateways
- Micro Data Centers
- Platform
- Solution
- Services
Technology
- Mobile Edge Computing
- Fog Computing
Application
- Smart Cities
- Location Services
- Analytics
- Environmental Monitoring
- Optimized Local Content
- Data Caching
- Augmented Reality
- Others
Organization Size
- Small and Medium-Sized Enterprises
- Large Enterprises
Vertical
- Manufacturing
- Healthcare
- Transportation
- Government and Public
- Media and Entertainment
- Energy and Utilities
- Telecom and IT
- Retail
- Others
Global Edge Computing Market Regional Analysis/Insights
The global edge computing market is analyzed, and market size insights and trends are provided by country, component, technology, application, organization size, and vertical.
The countries covered in the tablet global edge computing market report are the U.S., Canada, and Mexico in North America, Brazil, Argentina and the 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 is expected to dominate the global edge computing market due to the convergence of edge computing with the Industrial Internet of Things (IoT) has emphasized manufacturers in the U.S. to move towards connected factories. The emergence of several startups providing platforms to develop an edge-enabled solution is also a driver for the market in this region.
Asia-Pacific is expected to witness the highest growth rate in the the global edge computing market due to the 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 report also provides individual market-impacting factors and domestic regulation changes that impact the market's current and future trends. Data points like downstream and upstream value chain analysis, technical trends, and Porter’s five forces analysis, case studies are some pointers used to forecast the market scenario for individual countries. In addition, the presence and availability of Europe brands and the challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Global Edge Computing Market Share Analysis
The global edge computing market competitive landscape provides details of competitors. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Europe presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, and application dominance. The above data points provided are only related to the companies' focus related to global edge computing market.
Some of the major players operating in the global edge computing market are:
- Nokia (Finland)
- Huawei Technologies Co. Ltd. (China)
- Juniper Networks Inc. (U.S.)
- Dell (U.S.)
- Cisco (U.S.)
- Hewlett Packard Enterprise Development LP (U.S.)
- SixSq Sàrl (Switzerland)
- FogHorn Systems (U.S)
- Vasona Networks Inc. (U.S)
- MachineShop Inc. (U.S)
- Saguna Networks Ltd. (Israel)
- Vapor IO (U.S)
- Violin Systems LLC (U.S)
- Aricent Inc. (U.S)
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