Edge Computing Market Size in 2022 was worth US $ 8.93 Bn. at a CAGR of 38.2 % and it is expected to reach US $ 85.96 Bn. in 2029.
Edge Computing Market Overview:
The Edge Computing market study gives a complete view of the competition, including the market share and company profiles of the worldwide industry’s leading competitors. The scope of the research includes a full assessment of the Edge Computing Market, as well as the reasons for variations in the industry’s growth across a number of sectors.
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Market Scope:
To validate the market size and estimate the market size by different segments, top-down and bottom-up methodologies are utilized. The research’s market estimates are based on the sale price (excluding any discounts provided by the manufacturer, distributor, wholesaler, or traders). Weights applied to each section based on usage rate and average sale price are used to determine percentage splits, market shares, and segment breakdowns. The percentage adoption or usage of the provided market Size in the relevant area or nation is used to determine the country-wise splits of the overall market and its sub-segments.
Segmentation:
by Application
Smart Cities
Analytics
Location Services
Data Caching
Augmented Reality
Optimized Local Content
Environmental Monitoring
Others
The smart city segment is expected to hold the highest proportion in 2022 based on applications. Because of edge computing, manufacturers have been able to digitise their facilities. Device edge deployments make up a large amount of edge computing in the manufacturing industry. Demand for edge infrastructure capabilities is anticipated to increase as service complexity increases and the infrastructure edge becomes more reachable. The Industry 4.0 initiative also creates a framework for production adjustments in reaction to market shifts, paving the way for edge deployment.
by Component
Service
Solutions
Hardware
Platform
by Application
Smart Cities
Analytics
Location Services
Data Caching
Augmented Reality
Optimized Local Content
Environmental Monitoring
Others
by Organization
Size Small & Medium Enterprises
Large Enterprises
by Vertical
Manufacturing
Transportation
Healthcare
Media & Entertainment
Telecom & IT
Government & Public
Energy & Utilities
Retail
Others
Key Players:
Primary and secondary research is used to identify market leaders, while primary and secondary research is utilized to determine market revenue. Primary research included in-depth interviews with key opinion leaders and industry specialists such as experienced front-line personnel, CEOs, and marketing executives. Secondary research included a review of the leading manufacturers’ annual and financial reports, whereas primary research included in-depth interviews with key opinion leaders and industry specialists such as experienced front-line personnel, CEOs, and marketing executives. Secondary sources are utilized to compute percentage splits, market shares, growth rates, and global market breakdowns, which are then checked using primary data.
The biggest players in the Edge Computing market are as follows:
- Huawei
2. Vasona Networks
3. Foghorn Systems
4. Cisco Systems
5. Dell
6. Machineshop
7. Nokia Networks
8. Sixsq
9. Saguna Networks
10.Aricent
11.Adilink Technology
12.Juniper Networks, Inc.
13.Hewlett Packard Enterprise Development LP
14.SixSq Sàrl (Switzerland), FogHorn Systems
15.MachineShop Inc.
16.Vapor IO (US)
17.Xiotech Corporation
18.Mirror Image
19.Microsoft Corporation
20.IBM Corporation
21.Cisco Systems Inc.
22.Google Inc.
23.Hewlett Packard Enterprise Company
24.Intel Corporation
25.Schneider Electric SE
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Individual market influencing components and changes in market regulations affecting the present and future market trends are also included in the regional overview of the Edge Computing market analysis. Current and future trends are researched in order to assess the entire market potential and identify profitable patterns in order to get a stronger foothold. The geographical market assessment is based on the present environment and expected developments.
COVID-19 Impact Analysis on Edge Computing Market:
Due to a stop in operations, end-user sectors where Edge Computing are used suffered a fall in growth from January 2020 to May 2020 in a number of countries, including China, Italy, Germany, the United Kingdom, and the United States, as well as Spain, France, and India. This resulted in a considerable decline in the revenues of firms in these industries, as well as in demand for Edge Computing manufacturers, hurting the growth of the Edge Computing market in 2020. As a result of lockdowns and a rise in COVID-19 incidents throughout the world, end-user business demand for Edge Computing has fallen.
Key Questions Answered in the Edge Computing Market Report are:
- In 2021, which segment accounted for the most share of the Edge Computing market?
- What is the competitive landscape of the Edge Computing market?
- What are the key factors influencing Edge Computing market growth?
- In the Edge Computing market, which region has the most market share?
- What will be the CAGR of the Edge Computing market during the forecast period (2022-2027)?
About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company comprising professionals from various industries. Our coverage spans medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, automotive, chemical products, general merchandise, beverages, personal care, and automated systems, among others. We provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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