Edge Computing Market Size is expected to reach USD 28.84 billion by 2025

Edge Computing Market Size is expected to
reach USD 28.84 billion by 2025
“Edge Computing Market Size, Share & Trends
Analysis Report By Component (Services, Hardware,
Software, Edge-Managed Platforms), By End Use
(Transportation & Logistics, Retail, Datacenters,
Wearables), And Segment Forecasts, 2019 - 2025.”
The global edge computing market size is expected to reach USD 28.84 billion by 2025
registering a CAGR of 54.0%. Growing need to process large volumes of data being generated from
the rise in Internet-of-Things (IoT) developments closer to the end user is expected to increase the
demand for these solutions over the forecast period. Increasing emphasis on cost reduction and
process automation coupled with intensified business competition is also expected to drive the
market in the coming years. Organizations are endorsing this technology to enhance operations and
gain real-time insights. Thus, the continued transition toward the adoption of edge computing is
expected to influence the IT strategies of key companies over the forecast period. Continued
adoption of this technology for the data center application is also expected to propel the market
growth. Its adoption is also expected to culminate in having micro data centers located closer to the
existing infrastructure, which would help address the latency issues.
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Data Center Management-as-a-Service (DMaaS) is emerging as a low-cost way for data center
management as it ensures effective use of the IT layer by monitoring data center’s infrastructure
from the edge. DMaaS can also be utilized as a cost-efficient and flexible solution for companies
willing to gain real-time insights. Stringent requirements of 5G standards, such as high reliability,
ultra-low latency, and consistency in user experience, is expected to trigger the need for localized
services based on Radio Access Networks (RAN).
As such, Mobile Edge Computing (MEC) is emerging as a promising computing architecture for
telecom operators, IT platform providers, and system integrators. MEC adds virtualization and
computing capabilities to a RAN. Prominent companies in the market include Microsoft Corp.;
International Business Machines (IBM) Corp.; Cisco Systems, Inc.; Intel Corp.; and Amazon Web
Services, Inc. These companies are actively developing innovative and unique solutions. For
instance, Microsoft’s Azure IoT edge delivers cloud intelligence through the implementation of Azure
services and Artificial Intelligence (AI) directly on cross-platform IoT devices. Similarly, IBM Corp.
offers Watson IoT Platform Edge, which enables the end users to extend Watson IoT platform
capabilities to edge devices.
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Further key findings from the study suggest:
High-performance applications in edge network are expected to propel growth of software
component segment over forecast period
Data centers end-use segment is expected to witness fastest CAGR over forecast period
owing to rising need for reducing data center downtime
APAC is projected witness highest CAGR of more than 60% by 2019-2025. Growing need for
digital transformation to streamline and automate operations is expected to drive regional
Intel Corp; Aricent, Inc; Amazon Web Service (AWS), Inc; and Cisco Systems, Inc. are some
of prominent companies in global edge computing market
These companies are collaborating with technology providers to deploy edge solutions on a
broader scale for high-performance applications
Original Equipment Manufacturers (OEMs) are using this technology in their automation and
predictive maintenance solutions and transforming their service model to enhance customer
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