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.
Edge Computing Market Overview:
The Edge Computing market research provides a comprehensive insight into the competition, including the market share and company profiles of the world’s biggest rivals. The research scope covers a comprehensive examination of the Edge Computing Market, as well as the causes for variances in the industry’s growth across a variety of sectors.
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Market Scope:
Top-down and bottom-up approaches are used to validate market size and estimate market size by segment. The market estimations in the research are based on the sale price (excluding any discounts provided by the manufacturer, distributor, wholesaler, or traders). Weights based on usage rate and average sale price are applied to each area to generate percentage splits, market shares, and segment breakdowns. The country-wise divisions of the overall market and its sub-segments are determined by the percentage adoption or usage of the specified market Size in the relevant area or nation.
Drivers:
Infrastructure startup CAPEX: Businesses are quickly adopting digitalization by applying cutting-edge technologies to automate and streamline their business processes. Due to localized processing, edge computing may reduce data transmission and storage costs, but edge infrastructure investment still raises a company’s CAPEX. Companies looking for comprehensive edge computing solutions would need to invest in edge nodes, additional edge devices, and edge data centers. Additionally, the cost of protecting the devices and the entire network would increase. In order to achieve low latency processing, many content delivery firms are unwilling to shift to the edge.
Segmentation:
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 digitize 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:
Primary and secondary research is used to identify market leaders, and primary and secondary research are used to calculate market revenue. In-depth interviews with important thought leaders and industry professionals such as experienced front-line staff, CEOs, and marketing executives were conducted as part of the primary study. Primary research comprised in-depth interviews with key thought leaders and industry professionals such as experienced front-line staff, CEOs, and marketing executives, while secondary research included a review of the main manufacturers’ annual and financial reports. Secondary data is used to determine percentage splits, market shares, growth rates, and worldwide market breakdowns, which are then cross-checked with primary data.
The biggest players in the Edge Computing market are as follows:
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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Regional Analysis:
Individual market influencing components and changes in market laws impacting current and future market trends are also covered in the Edge Computing market analysis regional overview. Current and future trends are studied in order to evaluate the overall market potential and find profitable patterns in order to get a firmer footing. The geographical market evaluation is based on the current environment and anticipated trends.
COVID-19 Impact Analysis on Edge Computing Market:
End-user industries where Edge Computing are utilized saw a drop in growth from January 2020 to May 2020 in a number of countries, including China, Italy, Germany, the United Kingdom, and the United States, as well as Spain, France, and India, due to a halt in operations. This resulted in a significant decrease in the revenues of enterprises in these industries, as well as in demand for Edge Computing manufacturers, harming the Edge Computing market’s growth in 2020. End-user business demand for Edge Computing has decreased as a result of lockdowns and an increase in COVID-19 occurrences throughout the world.
Key Questions Answered in the Edge Computing Market Report are:
- In 2021, which segment accounted for the most share of the Edge Computing market?
- What is the competitive landscape of the Edge Computing market?
- What are the key factors influencing Edge Computing market growth?
- In the Edge Computing market, which region has the most market share?
- What will be the CAGR of the Edge Computing market during the forecast period (2022-2027)?
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