According to IMARC Group’s latest report, titled “Edge Computing Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” the global edge computing market is expected to exhibit a CAGR of 25.6% during 2022-2027.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Edge computing is a networking solution that minimizes the frequency of processes running on the cloud and transmits them to local devices, such as an internet of things (IoT) or an edge server. It exhibits excellent reliability, scalability, cost-effectiveness, security, and quicker response time. It helps in reducing long-distance communication between the client and the server, lowering latency, and increasing process efficiency. As a result, various organizations are adopting edge computing to minimize bandwidth use, server resources, and associated costs.
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Market Trends
The rising use of IoT and associated devices represents one of the key factors positively influencing the market. Besides this, the introduction of multi-access edge computing (MEC) by telecom companies is improving application performance and network congestion. Furthermore, the emergence of faster networking technologies allows edge computing systems to promote the functioning of real-time applications, such as robotics, self-driving cars, video processing, and analytics. Moreover, various leading players are developing lightweight edge computing solutions to automate data analysis at a lower infrastructure cost.
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List of Key Companies Covered in this Market Report:
- ABB Ltd.
- Amazon Web Services (AWS) Inc.
- Cisco Systems Inc.
- Digi International Inc.
- General Electric Company
- Hewlett Packard Enterprise Development LP
- Huawei Technologies Co. Ltd.
- IBM Corporation
- Intel Corporation
- Microsoft Corporation
- SAP SE
- Siemens AG.
The report has segmented the market on the basis of component, organization size, vertical and geography.
Breakup by Component:
- Hardware
- Software
- Services
Breakup by Organization Size:
- Small and Medium-sized Enterprises (SMEs)
- Large Enterprises
Breakup by Vertical:
- Manufacturing
- Energy and Utilities
- Government and Defense
- BFSI
- Telecommunications
- Media and Entertainment
- Retail and Consumer Goods
- Transportation and Logistics
- Healthcare and Life Sciences
- Others
Breakup by Geography:
- North America (U.S. & Canada)
- Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
- Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
- Latin America (Brazil, Mexico)
- Middle East & Africa
Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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