Edge Computing Market Size, Share, Opportunities, Top Leaders, Growth Drivers, Segmentation and Industry Forecast 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 goal of this study is to provide an overview of the Edge Computing Market industry as well as a detailed market segmentation by segments and geographies. The report contains critical information on the market positions of the top Edge Computing firms, as well as important industry trends and opportunities.
The study also contains company biographies, product images and specifications, capacity, production, price, cost, revenue, and contact information for the leading industry players in the Global Edge Computing market. This research looks into global, regional, and corporate market trends, volume, and value. This study examines the whole Edge Computing Market Size from a worldwide standpoint, evaluating historical data and generating estimates.
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Market Scope:
Extensive primary research was carried out to gather information and check and validate important figures once market engineering, which included market statistics computations, market size calculations, market predictions, market breakdown, and data triangulation, was finished. Throughout the market engineering process, top-down and bottom-up methodologies, as well as a number of data triangulation methods, were frequently used to obtain market evaluations and forecasts for the overall market segments and sub-segments included in the Edge Computing market study. Extensive qualitative and quantitative analysis is performed on all data obtained during the market engineering process in order to provide essential information throughout the report.
In order to validate the market size and estimate market size by segment, top-down and bottom-up methodologies are used. The research's market projections are based on the selling price, minus any discounts given by the producer, distributor, wholesaler, or traders. To determine percentage splits, market shares, and segment breakdowns, weights based on usage rate and average sale price are applied to each location. The percentage acceptance or usage of the stated market Size in the pertinent region or country determines the country-specific divisions of the overall market and its sub-segments.
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:
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:
Inorganic growth tactics cited in the industry included acquisitions, partnerships, and collaborations. Because of increased demand, industry participants in the Edge Computing market are projected to benefit from excellent future growth opportunities. The following are a few firms involved in the global Edge Computing industry.
- 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:
After studying the political, economic, social, and technical elements impacting the Edge Computing market in various regions, the report offers a detailed PESTLE analysis for each of the five areas, namely North America, Europe, Asia Pacific, and the Middle East, Africa, and South America.
COVID-19 Impact Analysis on Edge Computing Market:
Customer behaviour has changed as a result of the COVID-19 epidemic in all areas of society. Industries, on the other hand, will need to revise their plans to account for changing market supply. This report provides an overview of the COVID-19's influence on the Edge Computing market and will assist you in developing your business in accordance with the new industry standards.
Key Questions Answered in the Edge Computing Market Report are:
- What will be the CAGR of the Edge Computing market during the forecast period?
- In the Edge Computing industry, which market category emerged as the market leader?
- Who are the main market participants in Edge Computing?
- What will the size of the Edge Computing market be in 2027?
- Which company dominated the Edge Computing industry in terms of market share?
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