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Edge Computing Market (By Component Type - Hardware, Software, Services. By End User -Financial and Banking Industry, Retail, Healthcare and Life Sciences, Industrial, Energy and Utilities, Telecommunications, Other End User. By Industry Vertical Outlook, Industrial, Energy & Utilities, Healthcare, Agriculture, Transportation & Logistics, Retail, Datacenters, Wearable’s, Smart Cities, Smart Homes, Smart Buildings. By Geography-North America, Europe, Asia Pacific, Latin America, Middle East, and Africa) - Industry analysis, size, share, growth, trends, and forecast, 2020 - 2030.

Published Date : October 2020 | Report Id : TECIT 140 | Format : PDF, PPT | Slides : 150
Report Type : Syndicate Report

The Global Edge Computing Market was $9.10 Bn in 2020, and it is expected to reach $20.40 Bn by 2030. It is eventually growing at a commendable high compound annual growth rate CAGR of 22.6% between 2020-2030.

The introduction to the 5G that is coupled with the increased requirement to decentralize the data processing power is estimated to increase the market demand of the edge computing. Now that the people are moving their preference to the high performing smartphone apps will also provide its contribution to the revenue growth of the edge computing market. We can see that the edge computing market will increase during the forecasted period of 2020-2030. When the telecom companies adopt the multi-access edge computing then it will help to increase the opportunities of the profit making for the leaders of the edge computing market.

Since we can see that the telecom companies are looking forward to improve the speed of the mobile application performance, we can see that the edge computing market can witness a rise in demand. The benefits of the multi-access edge computing like the reduced network congestion is perhaps the main driving force of the market. The demand of consumer for the high performance smartphone application like the high definition multiplayer online battle arena games is perhaps an important edge computing use. The edge computing Internet of Things (IoT) in the developing countries which include Indonesia, china, India provides the best opportunity for the architecture of edge computing. The devices that have IoT warrant the usage of the advanced network infrastructure including the high processing speed. These two are perhaps provide the main benefits to the edge computing.

Edge Computing Market Is Estimated To Witness Remarkable Growth

Edge Computing Market

Source: SAI Research

We can see that North America holds the largest regional market as it accounts to the 46% share of the total market value. There are many developed countries that is the main placed for the start-ups and the prominent market players. One such example of the developed country is US. When this is added to the high disposable income of the consumers we can see that the North America region will provide its share-wide dominance during the forecasted period of 2020 to 2030. Regions that are Asia-Pacific like East Asia, Oceania, South Asia will provide the major revenue opportunities from the six major regions. Due to the current situation of COVID-19 pandemic has forced the organizations to adopt to the collaboration of both digital and also manufacturing. There are many organizations that were postponing the digital transformation and at present they are shifting their operation to the advanced technologies that are majorly tech driven. This can be one of the main reasons that will help to increase the demand of the edge computing components. These components are namely hardware which includes edge nodes, sensors, software, edge managed platforms and services.

The key players in this market are Amazon Web Services, IBM Corporation, The Hewlett Packard Enterprise Company, Microsoft Corporation, Google LLC, Foghorn Systems, Huawei Technologies C. Limited, Cisco Systems Inc, Dell EMC, ADALINK Technology Inc, Altran Group (Aricent), and many others.

Edge Computing Market Has Been Segmented Into:

Edge Computing Market, By Component Type, 2020 -2030

  • Hardware
  • Software
  • Services

Edge Computing Market, By End User

  • Financial And Banking Industry
  • Retail
  • Healthcare And Life Sciences
  • Industrial
  • Energy And Utilities
  • Telecommunications
  • Other End User

Edge Computing Market, Industry Vertical Outlook

  • Industrial
  • Energy & Utilities
  • Healthcare
  • Agriculture
  • Transportation & Logistics
  • Retail
  • Datacenters
  • Wearable’s
  • Smart Cities, Smart Homes, Smart Buildings

Edge Computing Market, By Geography

  • North America
    • USA
    • Canada
    • Mexico
    • Rest of North America
  • Europe
    • UK
    • Germany
    • France
    • Spain
    • Italy
    • Russia
    • Rest of Europe
  • Asia Pacific
    • India
    • China
    • Japan
    • South Korea
    • Rest of Asia Pacific
  • Latin America, Middle East & Africa
    • Brazil
    • South Africa
    • UAE
    • Rest of LAMEA
Note: This table of contents is a content of a published report. As per client requirement, cross-sectional analysis across all industries or specific geography or ‘country-based’ analysis can be provided as a part of paid customization. Please place your queries on sales@sheeranalyticsandinsights.com or query@sheeranalyticsandinsights.com

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