Edge Computing and Cloud Computing Market was valued at USD 50 Billion in 2022 and is projected to reach USD 150 Billion by 2030, growing at a CAGR of 15% from 2024 to 2030.
In 2022, the global edge computing market was valued at approximately $11.7 billion, with a robust growth trajectory forecasted. The market is anticipated to expand at a compound annual growth rate (CAGR) of around 31.2% from 2023 to 2030. This growth is driven by the increasing adoption of IoT devices and the demand for real-time data processing across various industries. On the other hand, the cloud computing market was valued at roughly $545.8 billion in 2022, with expectations for a CAGR of 16.3% through 2030. This substantial growth is attributed to the widespread deployment of cloud services across sectors such as healthcare, finance, and retail, reflecting a shift towards scalable and flexible IT solutions.
Opportunity analysis reveals significant potential in emerging markets. For edge computing, regions such as Asia-Pacific and Latin America are witnessing accelerated adoption due to advancements in telecommunications and increasing smart device penetration. Similarly, in cloud computing, emerging economies are experiencing a surge in cloud infrastructure investment as businesses seek to leverage cloud solutions for enhanced operational efficiency and digital transformation. The expansion of 5G networks and advancements in AI and machine learning are expected to further drive opportunities in these sectors, creating a fertile environment for innovation and investment.
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IBM
Microsoft
Amazon Web Services
Dell
Cisco
HPE
Huawei
Lenovo
Nokia
Fujitsu
Gigabyte Technology
GE
ADLINK
Advantech
Atos
Litmus Automation
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Edge Computing and Cloud Computing Market
Transportation and Logistics
Manufacturing
Energy and Utilities
Healthcare and Life Sciences
IT and Telecom
Others
Based on Types the Market is categorized into Below types that held the largest Edge Computing and Cloud Computing market share In 2023.
Edge Computing
Cloud Computing
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Edge Computing and Cloud Computing Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Edge Computing and Cloud Computing Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Edge Computing and Cloud Computing Market, By Type
6. Global Edge Computing and Cloud Computing Market, By Application
7. Global Edge Computing and Cloud Computing Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Edge Computing and Cloud Computing Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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