Edge Computing Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026

Report Code: ZMR-3711 | Report Format : | Status : Upcoming |

Abstract

Global Edge Computing Market: Overview

Edge computing is a distributed computing model in which computation is largely performed on distributed device nodes referred as edge devices as opposed to that primarily taking place across the centralized cloud environment. The eponymous "edge" refers to the regional distribution of computing nodes in the network as the Internet of Things devices, which are at the "edge" of an enterprise, metropolitan, or another network. The motivation is to provide server resources, data analysis, and artificial intelligence closer to data collection sources and cyber-physical systems such as smart sensors and actuators.  Edge computing is seen as important in the realization of physical computing, smart cities, ubiquitous computing, and the Internet of Things.

Edge computing is related to the concepts of wireless sensor networks, intelligent and context-aware networks and smart objects in the context of human-computer interaction.

Global Edge Computing Market: Growth Factors

Massive need for improving data processing power along with necessity or preventing processing delays is predicted to drive edge computing market growth in the years ahead. Massive use of edge computing technology in manufacturing, healthcare, and IT & Telecommunications sectors is anticipated to drive edge computing market trends. Increase in the number of internet users and the rapid acceptance of digital services have led to an exponential rise in the volume of sensitive data collected by organizations. This has further led to an increase in data and is likely to steer the large-scale acceptance of the edge computing in myriad sectors.

The growing emphasis on cost and time management, the rise in the IoT data, soaring need for automation of businesses, and burgeoning competitive rivalry have significantly boosted the demand for edge computing technologies. The technology has helped firms for gaining real-time insights and improving the effectiveness of their business decision-making process for maximizing profit. However, data privacy and security concerns can hinder the edge computing market growth.

Global Edge Computing Market: Segmentation

The global edge computing market can be divided based on technology, vertical, and organization size. On the basis of technology, the edge computing market can be sectored into mobile edge computing and fog computing. On the basis of vertical, the market can be divided into Small & Medium enterprises and large enterprises. Based on the vertical, the market is segmented into manufacturing, healthcare & life sciences, and IT & telecom sectors.

Global Edge Computing Market: Regional Analysis

Based on regions, the global edge computing market can be divided into five main regions: North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Presence of a high connectivity network in regions such as North America has facilitated the large acceptance of edge computing solutions. Thus, the North America edge computing market is expected to witness substantial growth over the forecast period. Additionally, the presence of key players such as Cisco Systems, Inc., General Electric, Hewlett Packard Enterprise Development LP, International Business Machines (IBM), Microsoft, and SAP SE is anticipated to boost the growth of the regional market.

In addition, the massive focus of a large number of manufacturing and telecommunication firms on adoption of edge computing services will further drive the regional growth. Additionally, the proliferation of digital services and technological advancements coupled with early adoption of the latest technologies in various sectors such as healthcare & life sciences, transportation & logistics, consumer appliances are supplementing the growth of the region.

The Asia Pacific is likely to demonstrate an immense growth over the coming years, subject to favorable government schemes promoting digitization along with the presence of modern infrastructure facility in the region.  Besides this, rising adoption of smart devices and growing investments in cloud and IoT technologies are estimated to be the key factors driving the growth of the region. Furthermore, countries such as China and Japan are poised to be the sights of high growth rates in APAC. Surging use of internet and social media in these countries is fueling the demand for edge computing in the region.

Global Edge Computing Market: Competitive Players

The key players of the global edge computing market include Aricent, Inc., Amazon Web Services, Inc. (AWS); Cisco Systems, Inc., General Electric, Hewlett Packard Enterprise Development LP, Huawei Technologies Co., Ltd., International Business Machines (IBM), Intel Corporation, Microsoft, and SAP SE.

Global Edge Computing Market: Regional Segment Analysis

  • North America
    • The U.S.
  • Europe
    • The UK
    • France
    • Germany
  • The Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

What Reports Provides

  • Full in-depth analysis of the parent market
  • Important changes in market dynamics
  • Segmentation details of the market
  • Former, on-going, and projected market analysis in terms of volume and value
  • Assessment of niche industry developments
  • Market share analysis
  • Key strategies of major players
  • Emerging segments and regional markets
  • Testimonials to companies in order to fortify their foothold in the market.

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