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.
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Market Overview
The market overview focuses on analyzing the dynamics of the Edge Computing market , including its key players and market rivalry. The report provides revenue forecasts for the industry at the global, regional, and segment levels, with a particular emphasis on sales forecasting by segment and region. This comprehensive analysis allows for a detailed understanding of the market’s current state and future trends, providing valuable insights for industry stakeholders.
Report Scope:
The comprehensive analysis of the global edge computing market provides insights into various segments, including components (services, solutions, hardware, and platforms), applications (smart cities, analytics, location services, data caching, augmented reality, optimized local content, environmental monitoring, and others), organization size (small & medium enterprises, large enterprises), and verticals (manufacturing, transportation, healthcare, media & entertainment, telecom & IT, government & public, energy & utilities, retail, and others). The report also delves into the regional insights, covering North America, Europe, Asia Pacific, Middle East and Africa, and South America.
Research Methodology:
The report presents a meticulous analysis of the edge computing market with an in-depth study of key players, including market leaders, followers, and new entrants. It employs a robust research methodology, combining Porter’s Five Forces analysis and PESTEL analysis to assess the market dynamics and potential impact of micro-economic factors. The report also examines both external and internal factors that may affect the industry positively or negatively, providing decision-makers with a clear futuristic view of the market.
Market Drivers:
The rise in Internet of Things (IoT) adoption across industries is driving the demand for edge computing solutions, enabling quicker decision-making by processing data closer to the source. Edge computing has demonstrated significant potential in digitizing manufacturing facilities and supporting the Industry 4.0 initiative. Additionally, the deployment of smart grids is propelling growth in the energy and utility sector.
Market Restraints:
While edge computing offers benefits like reduced data transmission costs and lower latency, the initial CAPEX for infrastructure can be a deterrent for some companies. Many content delivery companies are cautious about transitioning to the edge solely for low-latency processing.
Regional Insights:
North America dominated the global edge computing market in 2022, accounting for 44% of the market share. The region’s manufacturing industry is witnessing a shift towards linked manufacturing through edge computing and Industrial Internet of Things (IIoT) convergence. Various companies are actively developing platforms for edge-enabled solutions in North America.
The global edge computing market presents a lucrative opportunity for diverse stakeholders. It adds a layer of complexity to organizations but promises substantial growth potential for new entrants. As the technology is still in its early stages of research and deployment, operational models are yet to solidify, opening doors for innovation and market penetration.
Market Segments:
The smart city segment is expected to hold the highest proportion in 2022, according to the application. 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:
1. 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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Key questions answered in the Edge Computing Market are:
- What is Edge Computing Market?
- What are the factors driving the Edge Computing Market Market growth?
- What are the factors are limiting the Edge Computing Market Market growth?
- What was the Edge Computing Market market size in 2029?
- Which trends are expected to generate additional revenue for the Edge Computing Market market growth?
- What are the recent industry trends that can be implemented to generate additional revenue streams for the Edge Computing Market Market?
- What growth strategies are the players considering to increase their foothold in the Edge Computing Market Market?
- Who held the largest market share in the Edge Computing Market Market?
Key Offerings:
- Past Market Size and Competitive Landscape (2022 to 2029)
- Past Pricing and price curve by region (2022 to 2029)
- Market Size, Share, Size & Forecast by different segment | (2022 to 2029)
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of business by region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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