Market Research Future Insights
The Edge Computing market industry is projected
to grow from USD 36.35 Billion in 2022 to USD 168.6 billion by 2030, exhibiting
a compound annual growth rate (CAGR) of 24.51% during the forecast period (2022
- 2030).
Edge computing is a technique for improving cloud
computing systems by processing data at the edge of the network, near the
source of the data. The key beneficial aliment of edge computing is that it
diminishes the time for the operation to milliseconds and lowers the load on
the network. Transmission of large amounts of loads generates tremendous load
on the network. Therefore, edge computing processes all data at the edge of its
source and analyze the data, and send only valuable information on it, rather
than frequently broadcasting data over the network. For example, a smart thermostat
transmits data only when the temperature increases or falls from acceptable
limits.
The edge server is projected to be the booming
hardware segment. The development of autonomous vehicles to get information
like the weather, light, and road condition, get navigation, control, and even
automatically drive has boosted the Edge Computing Market Share. The augmented
demand for edge servers throughout various industrial verticals accounts for
the segment's promising growth prospects.
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Key Players:
Key Companies in the Edge
Computing market includes,
- General Electric Company
- Amazon Inc.
- Intel Corporation
- Microsoft Corporation
- SAP SE
- Schneider Electric SE
- Alphabet Inc.
- IBM Corporation
- ADLINK Technology Inc.
- Huawei Technologies Co. Ltd.
- eInfochips
- EdgeConnex Inc.
The Global Edge Computing Market report provides an
integrated evaluation of the market. The report provides a comprehensive
analysis of key segments, trends, drivers, restraints, competitive landscape,
and factors that are playing a significant role in the market.
Regional Analysis:
The Global Edge Computing Market is divided into
five regions; North America, Asia Pacific, Europe, Latin America, and the
Middle East & Africa.
Asia Pacific counted for a significant revenue
share due to an augmenting focus on strengthening networking technology in the
region. The progression of Telco edge infrastructure to support 5G-enabled
applications is estimated to be accelerated by the launch of 5G networks. IT
investment in the zone is steadily increasing, which is projected to contribute
to an upsurge in the usage of edge computing.
North America esteemed the largest revenue share of
the Edge Computing Market. Multiple companies have also emerged to supply
infrastructure for building edge-enabled solutions, which are anticipated to
drive market growth in the region.
Market Segmentation:
The Global Edge Computing Market is segmented into
the following types;
By Component:
- Hardware
- Edge
Nodes/Gateways (Servers)
- Sensors/Routers
- Others
- Cameras
- Drones
- HMD
- Robots
- Others
- Hardware
by Type
- Hardware
by End Point Devices
- Software
- Services
- Edge-managed
Platforms
By Organization Size:
- Large
Enterprises
- SMEs
By Deployment:
- On
Premise
- Cloud
By Industry Vertical:
- Industrial
- Energy
& Utilities
- Healthcare
- Agriculture
- Transportation
& Logistics
- Retail
- Datacenters
- Wearables
- Smart
Cities
- Smart
Homes
- Smart
Buildings
By Application:
- IIoT
- Remote
Monitoring
- Content
Delivery
- Video
Analytics
- AR/VR
- Others
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Edge Computing Industry Developments:
January (2023): The Edge Computing Consortium
(ECC) is formed to promote the adoption of edge computing.
February (2023): The OpenFog Consortium releases
the OpenFog Reference Architecture, which provides a blueprint for building
edge computing systems.
March (2023): Intel announces the launch of its
Edge AI Platform, which is designed to help businesses deploy AI at the edge.
April (2023): AWS announces the launch of AWS
Greengrass, which is a software platform that helps developers run and manage
edge computing applications.
May (2023): Microsoft announces the launch of
Azure Edge Zones, which are edge computing deployments that are connected to
Azure's cloud platform.
June (2023): Google announces the launch of
Google Cloud Edge, which is a suite of services that help businesses build and
deploy edge computing applications.
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