Edge computing Market Research Report

Edge computing Market:

Growth Opportunities in the Edge computing Market look promising over the next six years. This is mainly due to the increasing penetration of the digital transformation, which has surged the adoption of IoT in several companies, and the strong demand for edge computing in telecommunication companies.

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Edge computing Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)

Key Drivers

The increasing penetration of the digital transformation, which has surged the adoption of IoT in several companies, and the strong demand for edge computing in telecommunication companies are the key drivers contributing to the growth of the edge computing market size. As per the edge computing market analysis, the growing number of connected devices globally and the drastic shift of the population towards the usage of high-performance smartphone apps are some other factors surging the growth of the edge computing market share in terms of revenue in the coming years. Edge computing provides several benefits, including decreased network traffic, real-time or faster data processing & analysis, improved application efficiency, and minimized costs, among others, thus fuelling the demand of the market. In addition to this, the rising number of autonomous vehicles across several economies and the capability of edge computing to increase effective data management will further stimulate the growth of the market. According to the edge computing market forecast states that the increasing concerns regarding the security and privacy of the data and the strong presence of complex infrastructure of the edge computing network.

Component Segment Drivers

Based on the component, the hardware is projected to increase at a faster CAGR in the coming years due to the growing use of hardware components like gateways, sensors, and routers by technologies including EDC and AMR. Furthermore, the increasing inclination towards the usage of high-performance hardware components owing to the rising use of advanced technologies that include artificial intelligence and machine learning across several verticals will further boost the market growth.

Organization Size Segment Drivers

Based on the organization size, large enterprises is predicted to grow at a faster CAGR in the upcoming years due to the rising demand for edge computing solutions owing to the growing need for comparing the huge volume of data produced in these companies.

Edge computing Market’s leading Manufacturers:

· Hewlett Packard Enterprise Development LP

· Cisco Systems, Inc.

· Dell Inc.

· Huawei Technologies Co., Ltd.

· IBM

· Nokia

· FogHorn Systems

· Amazon Web Services, Inc.

· MachineShop Inc

· Saguna Networks Ltd.

Edge computing Market Segmentation:

Segmentation by Component:

· Platform

· Hardware

· Services

Segmentation by Application:

· Industrial Internet of Things

· Smart Cities

· Content Delivery

· Remote Monitoring

· Augmented Reality & Virtual Reality

· Others

Segmentation by Organization Size:

· Small & Medium-Sized Enterprises

· Large Enterprises

Segmentation by Vertical:

· Energy & Utilities

· Manufacturing

· Telecommunications

· Government & Defense

· Retail & Consumer Goods

· Media & Entertainment

· Healthcare & Lifesciences

· Transportation & Logistics

· Others

Segmentation by Region:

· North America

o United States of America

o Canada

· Asia Pacific

o China

o Japan

o India

o Rest of APAC

· Europe

o United Kingdom

o Germany

o France

o Spain

o Rest of Europe

· RoW

o Brazil

o South Africa

o Saudi Arabia

o UAE

o Rest of the world (remaining countries of the LAMEA region)

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