Absolute Market Insights recent analysis of the Edge Computing Market finds that the increasing demand in the artificial intelligence is expected to witness maximum growth in the Edge Computing during the forecast period. The global Market revenue stood at a value USD 36.5 Bn in the year 2021.
Market Synopsis
Edge computing is a distributed computing paradigm that brings computation and data storage closer to the sources of data. This is expected to improve response times and save bandwidth.
Edge Computing on the basis of different parameters, such as forward/backward integration, economies of scale, the share of various distribution channels, various factors affecting consumer behaviour such as brand loyalty, price, and product availability among others, capital investments, regulatory landscape, production rights and patents, promotional strategies, and other customer preferences. This data is likely to help the industry stakeholders and stimulate the decision-making process.
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Key Insights & Findings from the Report:
- According to our primary respondents’ research, the Edge Computing Market is predicted to grow at a CAGR of roughly 19.00% during the forecast period.
- The Edge Computing Market was estimated to be worth roughly 36.5 Bn in 2021 and is expected to reach USD 87.3 Bn by 2028; based on primary research.
- On the basis of region, Edge Computing Market is projected to dominate worldwide.
Market Dynamics:
Industry Analysis:
The report covers exhaustive analysis on the global Edge Computing Market. Industry, which includes market trends, drivers, restraints, opportunities, segmental analysis, regional trends, and competitive landscape among others. It includes an extensive competitive landscape covering key players in the industry and their comparative study on the basis of different parameters such as company overview, product portfolio, market revenue, business, and marketing strategies. Moreover, the report covers a thorough analysis drivers, restraints, and opportunities considering regional growth factors, technological advancements, and availability of substitute, regulatory norms, and such other growth impacting factors.
Drivers:
The edge computing industry is joining hands with the artificial intelligence which is driving the growth of this market. All new edge computing technologies not just aids businesses take quick decisions but also cuts down several issues linked with trans.The global edge computing market has been witnessing massive growth primarily dueto several enterprises opting to use the latest edge computing technology to reduce burden of storing and segregation of large volumes of data. The use of edge computing is helping inbringing down overheads and aids in streamlining complex process regardingautomation and integration.
Restraint:
Enterprises are rapidly moving toward digitalization by adopting emerging technologies to automate and accelerate their business processes efficiently. Edge computing might reduce data transmission and storage costs through localized processing but investing in edge infrastructure still adds to the CAPEX of companies. Companies looking for comprehensive edge computing solutions would require investing heavily in edge nodes, other edge devices, and edge data centers. They would also be required to spend more on making the devices and the entire network secure. Due to this, various content delivery enterprises are reluctant to move toward the edge just for achieving low latency processing.
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COVID-19 Impact Analysis:
The COVID-19 outbreak has affected various industries worldwide. Governments worldwide implemented strict lockdown measures and social distancing norms to restrict the swift spread of the pandemic. Manufacturing facilities worldwide were shut down during the initial stages of the pandemic. Moreover, the economic crisis after the pervasive might lead to a significant delay in the commercial roll-out of the packaging industry. Small and medium-scale companies are the backbone of technology providers and are witnessing a steep drop in revenue since the emergence of the pandemic in 2020. Hence, market players faced numerous challenges as disruptions in the supply chain were observed. However, things will improve in the second half of 2022 as more supplies will come online. The impact of COVID-19 on the market demand is considered while estimating the current and forecast market size and growth trends of the market for all the regions and countries based on the following data points:
- Quarterly Market Revenue Forecast by Asia Pacific 2020 & 2021
- Key Strategies Undertaken by Companies to Tackle COVID-19
- Long Term Dynamics
- Short Term Dynamics
- Impact Assessment of COVID-19 Pandemic
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
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The Report on Edge Computing Market Highlights:
- Assessment of the market
- Premium Insights
- Competitive Landscape
- COVID Impact Analysis
- Historical Data, Estimates, and Forecast
- Company Profiles
- Global and Regional Dynamics
Regional Analysis:
Global edge computing market has been divided into Latin America, Europe, North America, Middle East & Africa, Asia-Pacific. The region of Europe dominates in terms of market share in 2021 and the primary reason behind this is that the countries like Germany, Sweden, and the United Kingdom are heavily granting authorization for commercial deployment of autonomous vehicles.
Competitive Landscape
List of Prominent Players in Edge Computing:
- Akamai Technologies
- Amazon Web Services
- Atos SE
- Ciena Corporation
- Cisco Systems
- ClearBlade
- Dell Inc.
- Edge Intelligence
- EdgeConneX Inc.
- Fastly
- GE DIGITAL
- Google LLC
- Hewlett Packard Enterprise Development LP
- Huawei Services (Hong Kong) Co.
- Limited
- IBM
- Microsoft
- Scalarr Inc.
- Stratus Technologies
- Other Market Participants
Key questions answered in the report:
- Which regional market will show the highest and rapid growth?
- Which are the top five players of the Edge Computing?
- How will the Edge Computing change in the upcoming six years?
- Which application and product will take a lion’s share of the Edge Computing?
- What is the Edge Computing drivers and restrictions?
- What will be the CAGR and size of the Edge Computing throughout the forecast period?
This market titled Edge Computing will cover exclusive information in terms of Regional Analysis, Forecast, and Quantitative Data – Units, Key Market Trends, and various others as mentioned below:
Market Size Provided for Years – 2016-2028
Base Year – 2021
Historic Years – 2016-2020
Forecast Years – 2022-2028
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Segments Covered
- Component
- Software,
- Services,
- Hardware
- Processors,
- Sensors,
- Gateways and Servers,
- Others
- Deployment
- On-Premise,
- Cloud
- Organization Size
- Small and Medium Size Organizations,
- Large Organizations
- Application
- Industrial Internet of Things (IIoT),
- Image and Video Analytics,
- Facial Recognition, Artificial Intelligence (AI),
- Threats and Attacks Detection,
- Content Delivery,
- Remote Monitoring,
- Traffic Management,
- Storage and networking,
- Others
Region & Counties Covered
- North America
- The U.S.
- Canada
- Mexico
- Europe
- France
- The UK
- Spain
- Germany
- Italy
- Nordic Countries
- Denmark
- Finland
- Iceland
- Sweden
- Norway
- Benelux union
- Belgium
- The Netherlands
- Luxembourg
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
Report Coverage
- Market growth drivers
- restraints, opportunities
- Porter’s five forces analysis
- PEST analysis
- Value chain analysis
- Regulatory landscape
- Technology landscape
- Patent analysis
- Market attractiveness analysis by segments and Regional
- Company market share analysis
- COVID-19 impact analysis
Customization of the Report:
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