Market Insights:
Edge Computing Market size was valued at USD 8.55 Billion in 2024, registering a CAGR of 38% during the forecast period (2024-2032), and the market is projected to be worth USD 155.2 Billion by 2032.
Edge computing has grown into a solution-specific technology, with special tools and architectures designed for specific use cases. Some use cases where the edge is expected to acquire a considerable share throughout the predicted time include next-generation CDNs, network function and 5G virtualization, and streaming gaming. This is the first phase toward a future wherein the edge becomes broadly available.
Edge Computing Market Research Report” was just released by Market Research Community. It is divided into several categories, including Component (Hardware, Software), application (Connected Cars, Smart Grids, Critical Infrastructure Monitoring, Traffic Management, Environmental Monitoring, Augmented Reality, Assets Tracking, Security & surveillance, Others), Organization Size (Small & Medium Enterprise, Large Enterprise) Industry Vertical (Energy & Utilities, Government & Public Sector, Healthcare, Manufacturing, Media & Entertainment, Transportation, Retail, Telecom & IT, Others) and companies (Honeywell International Inc.; Huawei Technologies Co., Ltd.; IBM Corporation; Intel Corporation; Microsoft Corporation; Rockwell Automation, Inc; SAP SE; Siemens AG, ABB; Amazon; Web Services (AWS), Inc.; Aricent, Inc.; Atos; Cisco Systems, Inc.; General Electric Company; Hewlett Packard Enterprise Development), According to the analysis of Market Research Community, The market is projected to grow at a significant pace reaching a CAGR of approximately 38%, over the forecast period of 2024–2032
Driver:
The increased adoption of Edge Computing in the Next Generation industry is due to high workability, Stability of structure, good quality, and Demand for making things better. The demand for Edge Computing also has other significant aspects, such as analysis, purchasing volume, costs, pricing analysis, and regulatory framework. Additionally, the increased demand of Edge Computing in many sectors also boosts the market growth during the forecast period.
Report Coverage:
| Report Attributes | Report Details |
| Study Timeline | 2019-2032 |
| Market Size in 2032 (USD Billion) | 155.2 Billion |
| CAGR (2024-2032) | 38% |
| By Component | Hardware, Software |
| By Application | Connected Cars, Smart Grids, Critical Infrastructure Monitoring, Traffic Management, Environmental Monitoring, Augmented Reality, Assets Tracking, Security & surveillance, Others |
| By Industry Vertical | Energy & Utilities, Government & Public Sector, Healthcare, Manufacturing, Media & Entertainment, Transportation, Retail, Telecom & IT, Others |
| By Geography | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Key Players | Honeywell International Inc.; Huawei Technologies Co., Ltd.; IBM Corporation; Intel Corporation; Microsoft Corporation; Rockwell Automation, Inc; SAP SE; Siemens AG, ABB; Amazon; Web Services (AWS), Inc.; Aricent, Inc.; Atos; Cisco Systems, Inc.; General Electric Company; Hewlett Packard Enterprise Development |
Inflation and Ripple Effects:
Edge Computing market are the most pressing issue impacting the U.S., Europe and APAC right now is inflation and its ripple effects, including rising costs of goods, services, and labor. Here is how this overarching problem is affecting various industries:
- Consumer Spending: Rising costs are squeezing household budgets, leading to cautious consumer behavior. This affects retail, hospitality, and entertainment sectors as discretionary spending declines.
- Supply Chains: Higher transportation, raw material, and import costs are straining manufacturing, construction, and agriculture. Recent tariffs exacerbate this problem by raising the cost of imported goods and disrupting trade relationships.
- Labor Market: Wage pressures are increasing due to inflation and a tighter job market in some sectors, impacting industries like healthcare, education, and technology. Businesses are struggling to balance higher wages with profitability.
- Financial Sector: Inflation has prompted the Federal Reserve to maintain higher interest rates, which increases borrowing costs for businesses and consumers alike. This slows down investments in sectors like real estate, construction, and startups.
- Energy and Utilities: Elevated energy prices are impacting manufacturing, logistics, and even households, adding to operational costs across all sectors.
Industry Competitive Landscape:
The research includes comprehensive profiles of the key players in the market and an analysis of the competitive landscape. The market for sample preparation has grown more quickly as a result of the spike in research and development (R&D), product innovation, different business strategies, and application releases. Key players in the market include-
Honeywell International Inc.; Huawei Technologies Co., Ltd.; IBM Corporation; Intel Corporation; Microsoft Corporation; Rockwell Automation, Inc; SAP SE; Siemens AG, ABB; Amazon; Web Services (AWS), Inc.; Aricent, Inc.; Atos; Cisco Systems, Inc.; General Electric Company; Hewlett Packard Enterprise Development
Market Segment Analysis:
By Application
- Connected Cars
- Smart Grids
- Critical Infrastructure Monitoring
- Traffic Management
- Environmental Monitoring
- Augmented Reality
- Assets Tracking
- Security & surveillance
- Others
By Component
- Services
- Solution
- Hardware
- Software
- Platform
By Organization Size
- Small & Medium Enterprise
- Large Enterprise
By Industry Vertical
- Energy & Utilities
- Government & Public Sector
- Healthcare
- Manufacturing
- Media & Entertainment
- Transportation
- Retail
- Telecom & IT
- Others
Region
The regional segment includes Asia Pacific, Europe, North America, the Middle East, and Africa, Latin America. In 2024, some of these regions expected to contribute the largest share during the forecast period.
The factors such as the large and easy availability of basic things, rising purchasing power among the population, and favorable government policies and industrial facilities are estimated to accelerate the industry growth in the region. The growing rate of industrialization is anticipated to boost the presence of Edge Computing industries in the region.
Key Edge Computing Market Trends
– Based on type, sub-type, technology utilised, applications, end-users, and geographies, the research identifies, defines, and predicts the Global Edge Computing Market segments.
– Largest Market Share Held by Industry to Industry for Edge Computing
– Based on their expected growth, development patterns and prospects for the future, and contributions to the overall market, it analyses the micro markets.
– Demand from the geographical area is estimated to boost growth.
– Growing Market Segment Adoption in the Edge Computing Industry
– Over the forecast period, higher growth rates are anticipated in in some regions
Why Purchase the Industry Report by MRC
There is a huge amount of information in the report, including market trends and business opportunities for the forecast period.
Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) statistics.
Data at the regional, sub-regional, and national levels also includes information on the market’s supply and demand dynamics.
The competitive landscape includes the proportions of important players, recent innovations, and strategy.
Comprehensive product offerings, important financial data, latest advancements, SWOT analysis, and key player tactics.
Table of Content
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Research Methodology
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