The Latest Released Edge Computing market study has evaluated the future growth potential of Global Edge Computing market and provides information and useful stats on market structure and size. The report is intended to provide market intelligence and strategic insights to help decision makers take sound investment decisions and identify potential gaps and growth opportunities. Additionally, the report also identifies and analyses changing dynamics, emerging trends along with essential drivers, challenges, opportunities and restraints in Edge Computing market. The study includes market share analysis and profiles of players such as ABB, Aricent Inc, AWS Inc, Atos SE, Belden Inc, Cisco, Digi International, General Electric Company, Hewlett Packard, Honeywell, Huawei technology, IBM corp., Intel corp., Microsoft corp., SAP SE, and Moxa Inc.
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The edge computing market was valued USD 3.2 billion in 2019. It is expected to grow at a CAGR of 28.4% for the period of 2020-2026.
Definition:
Edge computing is defined as distributed and open IT architecture. It has features such as decentralization processing, mobile computing and IoT technologies. In this data is processed by a local computer or server instead of being transfer to data centre. It helps in optimizing network performance for OTT services. Edge computing enables real time data processing without latency.
Market Dynamics (Drivers/Opportunities):
The Subscribers of Netflix, Amazon prime etc. has been increasing rapidly. The edge computing enables streaming companies to improve their network performance for giving users a better and improved experience. The increasing subscriber of OTT platform is creating huge market opportunity for edge computing.
Large, middle and small enterprises are adopting edge computing technologies for better and efficient working of their business driving market toward growth and improving their performance even during pandemic situation.
The organization using IoT devices such as sensors actuators and other IoT devices are migrating towards edge computing solutions due to proliferation in IoT. Edge computing enables organization for fast data driven decision making. This drives the edge computing marker to witness growth during forecast period.
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Market Insights, by Component
On the basis of component, the edge computing market has been segmented into hardware, edge- managed platform software and solution. The hardware segment has registered a highest market share in the year 2019. The demand for the cloud based application has been rising where server plays a crucial role, it operates as a backbone of the services on which user are dependent.
Edge-managed platform is projected to register growth at highest CAGR during the forecast period of 2020-2026.The organization has been shifting themselves toward edge-managed platform.
Market Insights, by Vertical
On the basis of vertical the edge computing market has been segmented into retail, energy & utilities, transportation and logistics, healthcare, agriculture, datacenters, smart cities & smart buildings, and industrial. The energy & utilities sector has shared largest revenue in the year 2019. A large amount of data generated by distributed stations which generates energy, needs to be analyzed and processed as fast as possible for efficient data driven decision making.
The industrial segment is projected to register growth at highest CAGR during forecast period. In smart manufacturing the edge computing has enabled many helpful technologies in the factory. The machine is now capable of getting insights and takes action on real-time basis.
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Heat map Analysis, 3-Year Financial and Detailed Company Profiles of Key & Emerging Players: ABB, Aricent Inc, AWS Inc, Atos SE, Belden Inc, Cisco, Digi International, General Electric Company, Hewlett Packard, Honeywell, Huawei technology, IBM corp., Intel corp., Microsoft corp., SAP SE, and Moxa Inc
Geographically, the following regions together with the listed national/local markets are fully investigated:
• APAC (Japan, China, South Korea, Australia, India, and Rest of APAC; Rest of APAC is further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, and Sri Lanka)
• Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe; Rest of Europe is further segmented into Belgium, Denmark, Austria, Norway, Sweden, The Netherlands, Poland, Czech Republic, Slovakia, Hungary, and Romania)
• North America (U.S., Canada, and Mexico)
• South America (Brazil, Chile, Argentina, Rest of South America)
• MEA (Saudi Arabia, UAE, South Africa)
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