Edge Computing Market size was valued at USD 8.55 Billion in 2021, registering a CAGR of 38% during the forecast period (2022-2030), and the market is projected to be worth USD 155.2 Billion by 2030.
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 2022–2030
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 Attributes||Report Details|
|Market Size in 2030 (USD Billion)||155.2 Billion|
|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|
The COVID-19 pandemic has had a substantial negative influence on the Edge Computing market in many different regions of the world. The factors such as limited availability of raw materials, transportation restrictions, the shutdown of manufacturing facilities, and economic slowdown are the major impacts of COVID-19 which hampered the market growth. Shipments were impacted during the initial lockdown due to halted automotive productions and stringent government rules. The overall impact of COVID-19 on the industry is estimated to be minimal because the situation has stabilised. Post covid-19, there was a positive impact on the market growth due to the increased industrial manufacturing processes and rising demand for environment-friendly alternatives.
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:
- Connected Cars
- Smart Grids
- Critical Infrastructure Monitoring
- Traffic Management
- Environmental Monitoring
- Augmented Reality
- Assets Tracking
- Security & surveillance
By Organization Size
- Small & Medium Enterprise
- Large Enterprise
By Industry Vertical
- Energy & Utilities
- Government & Public Sector
- Media & Entertainment
- Telecom & IT
The regional segment includes Asia Pacific, Europe, North America, the Middle East, and Africa, Latin America. In 2021, 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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