Edge Computing Market Size, Share, Development Status, Top Manufacturers, And Forecasts 2029
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 competitive landscape of the Edge Computing market includes information about competitors. Among the areas covered are a firm overview, financials, revenue generated, market potential, R&D investment, new market efforts, geographical presence, business strengths and weaknesses, product introduction, and application dominance. The information that follows is only relevant to the organization's concentration on the Edge Computing market.
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Market Scope:
Top-down and bottom-up approaches are used to validate the market size and estimate the market size by different segments. 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:
IoT use is expanding across industries: As a result of the rise of IoT, organizations are relying more and more on centralized cloud computing and storage solutions. There are numerous latency and cost issues to consider when moving the entire IT infrastructure to the cloud. The use of edge computing solutions, such as edge nodes, devices, and hyper-localized data centers, is growing among companies that deploy IoT sensors, actuators, and other IoT devices.
By enabling data processing to take place closer to the data source, edge computing enhances the current cloud paradigm and enables businesses to make decisions more quickly. For instance, Purdue University collaborated with a provider of edge computing solutions to research and improve plant growth and food production processes utilizing IoT sensors and gadgets.
Segmentation:
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 are 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 following are the key players of the Edge Computing market-
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 rules that impact present and future market trends are also explored in the research's geographical component. Downstream and upstream value chain analysis, technology trends, Porter's five forces analysis, and case studies are some of the elements utilized to anticipate market scenarios for various nations.
COVID-19 Impact Analysis on Edge Computing Market:
In addition, the paper evaluates the influence of COVID-19 on the Edge Computing market. The primary goal of this research is to assist users in understanding the market in terms of definition, segmentation, market potential, important trends, and challenges that the industry faces across major regions. The study presents a microeconomic and macroeconomic analysis of COVID-19's overall impact on the Edge Computing Market. The analysis focuses on market share and size, clearly illustrating the impact of the pandemic on the global Edge Computing Market in the next years.
Key Questions Answered in the Edge Computing Market Report are:
• What will be the Edge Computing market's CAGR throughout the projected period (2021-2027)?
• Which market category emerged as the market leader in the Edge Computing industry?
• Who are the key players in the Edge Computing market?
• What important trends in the Edge Computing industry are anticipated to develop throughout the forecast period?
• How big will the Edge Computing market be in 2027?
• In 2020, which business segment had the highest proportion of the Edge Computing market?
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