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Global Retail Edge Computing Market – Industry Trends and Forecast to 2031

Semiconductors and Electronics

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Global Retail Edge Computing Market – Industry Trends and Forecast to 2031

  • Semiconductors and Electronics
  • Upcoming Report
  • Feb 2024
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Global Retail Edge Computing Market, By Component (Hardware, Gateways, Micro Data Center, Platform, Solution and 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-Sized Enterprises, Medium-Sized Enterprises, Large Enterprises), Vertical (Manufacturing, Healthcare, Transportation, Government and Public, Media and Entertainment, Energy and Utilities, Telecom and IT, Retail, Others) - Industry Trends and Forecast to 2031.

Retail Edge Computing Market

Retail Edge Computing Market Analysis and Size

Retail edge computing refers to the practice of processing data closer to where it's generated, typically within retail stores or nearby facilities, rather than relying solely on centralized data centers. It enables real-time analysis of customer behavior, inventory management, and personalized shopping experiences while reducing latency and bandwidth usage. This decentralized approach enhances operational efficiency, improves customer satisfaction, and supports emerging technologies like Internet of Things (IoT) devices and AI-driven analytics in retail environments.

Global Retail Edge Computing Market was valued at USD 1.98 billion in 2023 and is expected to reach USD 3.27 billion by 2031, registering a CAGR of 8.60% during the forecast period of 2024-2031. “Component” type segments accounts the highest market share owing to the increasing usage of  automotive engineering services among the consumer. 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.

Report Scope and Market Segmentation

Report Metric

Details

Forecast Period

2024-2031

Base Year

2023

Historic Years

2022 (Customizable to 2016-2021)

Quantitative Units

Revenue in USD Billion, Volumes in Units, Pricing in USD

Segments Covered

Component (Hardware, Gateways, Micro Data Center, Platform, Solution and 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-Sized Enterprises, Medium-Sized Enterprises, Large Enterprises), Vertical (Manufacturing, Healthcare, Transportation, Government and Public, Media and Entertainment, Energy and Utilities, Telecom and IT, Retail, Others)

Countries Covered

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 the Middle East and Africa

Market Players Covered

Nokia (Finland), Huawei Technologies Co., Ltd. (China), Juniper Networks, Inc. (U.S.), Dell Inc. (U.S.), Cisco System, Inc. (U.S.), Hewlett Packard Enterprise Development LP (U.S.), SixSq SA (Switzerland), FogHorn Systems (U.S.), Vasona Networks Inc. (U.S.), Machine Shop co. (U.S.), Saguna Networks Ltd. (Israel), Vapor IO (U.S.), Violin Systems (U.S.), Aricent (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)

Market Opportunity

           

  • The Proliferation of Internet of Things (IoT) Devices

Market Definition

Global retail edge computing market refers to the deployment of computing resources closer to the point of data generation within the retail sector. It encompasses hardware and software solutions aimed at optimizing data processing and analysis at the network edge. This approach enhances real-time data insights, improves operational efficiency, and enables faster response times for retail applications. The market is driven by increasing demand for advanced analytics, IoT integration, and enhanced customer experiences in retail environments.

Global Retail Edge Computing Market Dynamics

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 market,  report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, 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 global cloud security market, contact data bridge market research for an analyst brief, our team will help you take an informed market decision to achieve market growth.

In May 2023, Dell Technologies unveiled its NativeEdge platform that has the capability to ease the deployment and management complexities of edge devices for remote-focused firms. NativeEdge replaces Dell's Project Frontier, which was launched earlier. The new platform is designed as an edge computing platform that provides clients a choice around software, IoT, multi-cloud tools and operational technology to simplify, automate and manage edge infrastructure.

  • In April 2023, Nokia launched 4 third-party applications for MX Industrial Edge, which would foster enterprises connect, collect, and analyze data from disparate sources, including video cameras, thereby unlocking its value from operational technology assets over a robust and secure on-premises edge
  • In April 2023, Dell Technologies collaborated with Ericsson which will enable open cloud networks that allow customers to choose their own infrastructure while ensuring telco-grade performance at the far edge. Including Dell PowerEdge servers to Ericsson's Cloud RAN solution, including the PowerEdge XR8000 and XR5610, which are specifically designed for telecom, Open RAN and mobile edge-computing workloads, the company brings more choices and flexibility for Cloud RAN customers. Dell PowerEdge servers assist facilitating the Cloud RAN journey owing to their high performance, small form factors, resilience, and interconnectivity with the larger network
  • In February 2023, Cisco introduced its Cisco Edge Intelligence, a solution by Cisco that improves data governance and control, fetching intelligent insights from connected assets to improve the competitiveness of an organization. It is built on Cisco's industry-leading multi-layered security

Global Retail Edge Computing Market Scope

The market is segmented on the basis of component, technology, application, organization size, and vertical. The growth amongst these segments will help you analyze 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 Center
  • 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-Sized Enterprises
  • Medium-Sized Enterprises
  • Large Enterprises

Vertical

  • Manufacturing
  • Healthcare
  • Transportation
  • Government and Public
  • Media and Entertainment
  • Energy and Utilities
  • Telecom and IT
  • Retail
  • Others

Global Retail Edge Computing Market Region Analysis/Insights

The market is segmented on the basis of component, technology, application, organization size, and vertical as referenced above.

The countries covered in the global retail edge computing market  report are 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 in the Asia-Pacific, Saudi Arabia, U.A.E., Israel, Egypt, South Africa, Rest of Middle East and Africa as a part of Middle East and Africa, Brazil, Argentina and Rest of South America as part of South America.

Asia-Pacific consumes the most global retail edge computing market and is expected to dominate and fastest growing region in the market, followed by North America and Europe because of its large population and rapidly expanding economies. Companies in this region are embracing edge computing technologies to enhance customer experiences, optimize supply chains, and improve operational efficiency. Moreover, the increasing adoption of e-commerce platforms and digital payment systems is driving the demand for edge computing solutions in the retail sector. In addition, government initiatives to promote digitalization and infrastructure development further contribute to the growth of edge computing in the region. Overall, the Asia Pacific region offers significant opportunities for retailers to leverage edge computing technologies for competitive advantage.

The country section of the global retail 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 such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, 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 Global Retail Edge Computing Market Share Analysis

The global retail edge computing marketis analyzed, and market size information is provided by country, component, technology, application, organization size, and vertical. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global 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 the global retail edge computing marketis.

Some of the major players operating in the global retail edge computing market are:

  • Nokia (Finland)
  • Huawei Technologies Co., Ltd. (China)
  • Juniper Networks, Inc. (U.S.)
  • Dell Inc. (U.S.)
  • Cisco System, Inc. (U.S.)
  • Hewlett Packard Enterprise Development LP (U.S.)
  • SixSq SA (Switzerland)
  • FogHorn Systems (U.S.)
  • Vasona Networks Inc. (U.S.)
  • Machine Shop co. (U.S.)
  • Saguna Networks Ltd. (Israel)
  • Vapor IO (U.S.)
  • Violin Systems (U.S.)
  • Aricent (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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FREQUENTLY ASK QUESTIONS

The edge computing market size will be worth USD 3.27 billion by 2031.
The growth rate of the edge computing market is 8.60% in the forecast period by 2031.
Increasing demand for low-latency data processing and real-time analytics & technological advancements and innovation are the growth drivers of the edge computing market.
Component, technology, application, organization size, and vertical are the factors on which the edge computing market research is based.
Major companies in the edge computing market are Nokia (Finland), Huawei Technologies Co., Ltd. (China), Juniper Networks, Inc. (U.S.), Dell Inc. (U.S.), Cisco System, Inc. (U.S.), Hewlett Packard Enterprise Development LP (U.S.), SixSq SA (Switzerland), FogHorn Systems (U.S.), Vasona Networks Inc. (U.S.), Machine Shop co. (U.S.), Saguna Networks Ltd. (Israel), Vapor IO (U.S.), Violin Systems (U.S.), Aricent (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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