Edge Computing Market By Application (IOT (internet of things), Video Surveillance, AR & VR (augmented reality and virtual reality), Data Caching, Others); By Component (Hardware, Software); By End-User (Manufacturing, Surveillance, Gaming & Media, Government, Energy & Utilities, IT & Telecom, Healthcare & Life Sciences, Consumer Appliances, Military, Transportation, Others); By Technology (Mobile Edge Computing, Fog Computing); By Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa) - Global Market Analysis, Trends, Opportunity and Forecast, 2022-2032
Edge Computing Market Overview
The global edge computing market size was valued at around USD 12.8 billion in 2022 and is projected to grow at a compound annual rate of growth (CAGR) of around 27.2% from 2022 to 2032.The market size is projected to succeed in USD 142.4 billion by 2032.
The edge computing market is forecasted to thrive at 27.2% CAGR to reach at a notable market value by the end of 2032. Edge computing has been around for decades and as the new advances are being made in the field of cloud computing, distributed computing, big data, and others, this is making the technology more promising & creating opportunities for the industrial organizations. Edge computing helps in collecting, processing, and storing the IoT (internet of things) generated data. Edge computing is a solution for better network efficiency and enhance service quality. It covers a wide range of technologies including wireless sensors networks, mobile data acquisition, analysis cooperative networking, fog computing, greed mesh computing, AR & VR (augmented reality and virtual reality) and others. It is also known as self-healing computing, and greed computing.
Edge Computing Market Growth Drivers & Restrain
In this advanced technological era, the world is moving towards the digitization which is is boosting the market growth of edge computing. Government initiatives to promote digitization is one of the major factors that are positively influencing the growth of the edge computing market. Besides this, rising adoption of smart devices and growing investments in cloud computing and IoT technologies are the key factors stimulating the growth of the market. Edge computing works in various ways and contributes significantly in IT (Information Technology), architectures and in different fields. Additionally, the IT & telecommunication segment is anticipated to contribute toward the growth of the market as the number of telecommunication subscribers is increasing. The development of 5G telecommunication technology is expected to play a significant role in accelerating the adoption of edge computing technology in the coming years. By applications, the healthcare & life sciences segment is anticipated to be the fastest-growing segment over the forecast period. Since, edge computing provides real-time screening of the patient and avoids delays, thus driving the demand for the technology in the healthcare & life sciences. Technological innovations in the telecommunications sector have paved way for 5G network, which requires high bandwidth and low latency that are provided by edge computing solutions. This factor has allowed the mobile computing segment to dominate the other segments in technology segment. In terms of region, the North America is the strongest region for the edge computing market. The availability of better technology infrastructure and reliable network connectivity across this region has encouraged the growth of the market more in this country as compare to other countries.
However, the major restraint which firms can face is in the field of data security & privacy preserving during collecting and processing data. Apart from this, challenges associated with configuration of system is another considerable barrier, which is expected to hinder the growth of edge computing market.
Edge Computing Market Segmentation
The research offers a comprehensive analysis of edge computing market with respect to following sub-markets:
By Application
- IOT (internet of things)
- Video Surveillance
- AR & VR (augmented reality and virtual reality)
- Data Caching
- Others
By Component
- Hardware
- Software
By End-User
- Manufacturing
- Surveillance
- Gaming & Media
- Government
- Energy & Utilities
- IT & Telecom
- Healthcare & Life Sciences
- Consumer Appliances
- Military
- Transportation
- Others
By Technology
- Mobile Edge Computing
- Fog Computing
By Geography
North America (U.S. & Canada)
Europe (Germany, United Kingdom, France, Italy, Spain, Russia and Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Indonesia, Taiwan, Australia, New Zealand and Rest of Asia Pacific)
Latin America (Brazil, Mexico, Argentina and Rest of Latin America)
Middle East & Africa (GCC, North Africa, South Africa and Rest of Middle East & Africa)
Edge Computing Market Competitive landscape
The report profiles various major market players such as;
- Amazon Inc.
- General Electric
- Microsoft Incorporation
- Intel Corporation
- SAP SE Corporation
- Alphabet Inc.
- IBM Corporation
- Huawei Technologies Corporation
- Integrated Device Technology Inc.
- ADLINK Technologies Inc.
- Facebook Inc.
- Qualcomm Incorporated
- Other Major & Niche Key Players
Competitive landscape analysis provides detailed strategic analysis of the company’s business and performance such as technology information, revenue breakup by segment and by geography, SWOT Analysis, risk analysis, key facts, company overview, business strategy, key product offerings, marketing and distribution strategies, new product development, recent news (acquisition, expansion, technology development, research & development expansion and other market activities. The study also provides company’s positioning and market share in edge computing market.
Timeline Considered for Analysis:
- 2021: Base Year
- 2022: Estimated Year
- 2022 to 2032: Forecasted Year
Research Scope and Deliverables
Overview & Executive Summary
Market Drivers, Trends, Challenges and Opportunities
Market Size and Forecast Projections
Macroeconomic Indicators of Various Countries Impacting the Growth of the Market
Extensive Coverage of Industry Players including Recent Product Launches and Market Activities
Porter’s Five Force Analysis
Market Segmentation Analysis:
Industry report analyzes the edge computing market by the following segments:
- By Application
- By Component
- By End-User
- By Technology
Geographic Market Analysis:
The report offers separate analysis of North America, Europe, Asia Pacific, Latin America and Middle East & Africa. In addition, further breakdown of market data and analysis of region into countries is covered in the report.
Customization: We also offers customization’s in the industry report as per the company’s specific needs.
Key Questions Answered in the Edge Computing Market Industry Report;
- What is the overall market size in 2021? What will be the market growth during the forecast period i.e. 2022-2032?
- Which region would have high demand for product in the upcoming years?
- What are the factors driving the growth of the market?
- Which sub-market will make the most significant contribution to the market?
- What are the market opportunities for existing and entry-level players?
- What are various long-term and short-term strategies adopted by the market players?
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- Publication date: 8th December 2023
- Base year: 2022
- Forecast year: 2023-2033
- Format: PDF, PPT,Word,Excel
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