Edge computing Market 2019- 2027
Meticulous Research® – a leading global market research company published a
research report titled “Edge Computing Market by Application (Smart Cities,
Industrial IoT, Remote Monitoring, Content Delivery, AR VR), Industry
(Manufacturing, Retail, Healthcare, Media, Telecommunications, Logistics,
Government, Energy, Utilities) - Global Forecast to 2027”.
According to this latest publication from Meticulous Research®, the global edge
computing market is expected to grow at a CAGR of 34.9% from 2019 to reach
$28.07 billion by 2027.
Substantial growth in the global edge computing market is mainly attributed to
the growing load on the cloud infrastructure and rising adoption industrial IoT.
Consequently, the rising demand for low-latency processing and real-time
automated decision-making solutions are propelling the market growth.
Emergence of autonomous vehicles and connected car infrastructure is also
supporting the growth in the edge computing market and thus, creating high
growth opportunities for vendors in this market. However, high procurement and
operational cost are expected to pose some challenges for the growth of the edge
computing market over the coming years.
Global edge computing market study presents historical market data in terms of
values (2017 & 2018), estimated current data (2019), and forecasts for 2027- by
component (hardware, platform, services) by application (smart cities, industrial
IoT, remote monitoring, content delivery, AR-VR and others (autonomous
vehicles, drones, & gaming, etc.), by end-use industry (manufacturing, retail,
healthcare, media & entertainment, IT & telecommunications, transportation &
logistics, government & defense, energy and utilities and others (agriculture,
education and BFSI), and region. The study also evaluates industry competitors
and analyzes the market country level.
On the basis of component type, the edge computing market is classified into
Hardware, Platform, and Services (consulting, training and support). The edge
computing platforms segment is expected to grow at a fastest CAGR during the
forecast period. With an increase in edge devices and data centers, companies
require software capable of controlling operations of edge devices and data centers
within the network infrastructure. Further the need for improving their
operational feasibility is driving the growth in the edge computing platforms
segment.
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Edge computing Market 2019- 2027
On the basis of application, the edge computing market is classified into smart
cities, industrial IoT, remote monitoring, content delivery, AR-VR and others
(autonomous vehicles, drones, & gaming, etc.). The smart city applications market
is accounted for the largest share of the global edge computing market in 2018. Due
to the increasing push toward Smart City initiatives, countries across the world are
implementing edge computing solutions to enhance building security, home
automation, parking and traffic management, and city asset management; which
is driving the growth in the edge computing market for smart cities applications.
On the basis of end-use industry, the edge computing market is classified into
manufacturing, retail, healthcare, media & entertainment, IT &
telecommunications, transportation & logistics, government & defense, energy
and utilities and others (agriculture, education, and BFSI). Among these, the IT &
telecommunications segment is projected to grow at a fastest CAGR throughout
the forecasted period. The adoption of edge computing in this sector is mainly
attributed to the increasing need of vendors to deploy products faster to their
customers.
On the basis of geography, the global edge computing market is segmented into
North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
North America commands the largest share of the edge computing market and is
expected to maintain its dominance throughout the forecast period. The growth in
the North America market is majorly attributed to the presence of large number of
edge computing vendors in the region and large number of companies in the
region adopting edge computing to enhance their IT infrastructure and leverage
the benefits of new technologies, such as 5G and IoT. However, Asia-Pacific region
is expected to register the fastest growth during the forecast period. The amount
of cloud traffic in this region is increasing rapidly. As cloud penetration increases
in this region, a shift from cloud computing to edge computing is expected.
Businesses and governments in this region have shown greater inclination toward
storing and processing data locally, which is driving the adoption of edge
computing by the enterprises in Asia-Pacific region.
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Some of the key players operating in global edge computing market are Amazon
Web Services (U.S.), Microsoft Corporation (U.S.), Dell Technologies (U.S.),
Hewlett-Packard Enterprise (U.S.), General electric company (U.S.), Huawei
Technologies (China), IBM Corporation. (U.S.), Juniper Networks (U.S.), Cisco
Systems (U.S.), FogHorn Systems (U.S.), Google LLC (U.S.), Intel Corporation
(U.S.), SAP (Germany), MachineShop (U.S.), and Saguna Networks (Israel), among
others.
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Edge computing Market 2019- 2027
Table of content 1. Introduction
1.1. Market Definition
1.2. Market Ecosystem
1.3. Currency and Limitations
1.3.1. Currency
1.3.2. Limitations
1.4. Key Stakeholders
2. Research Methodology
2.1. Research Approach
2.2. Data Collection and Validation
2.1.1. Primary Research
2.1.2. Secondary Research
2.3. Market Assessment
2.3.1. Market Size Estimation
2.3.1.1. Bottom-up Approach
2.3.1.2. Top-Down Approach
2.3.1.3. Growth Forecast
2.3.2. Market Share Analysis
2.4. Assumptions for study
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Edge computing Market 2019- 2027
3. Executive Summary
3.1. Market Overview
3.2. Market Analysis, by Component
3.3. Market Analysis, by Application
3.4. Market Analysis, by End-use Industry
3.5. Market Analysis, by Geography
4. Market Insights
4.1. Introduction
4.2. Market Dynamics
4.2.1. Drivers
4.2.1.1. Growing Load On Cloud Infrastructure
4.2.1.2. Rising Adoption of Industrial IoT
4.2.2. Restraints
4.2.2.1. High Procurement and Operational Cost
4.2.3. Opportunities
4.2.3.1. Emergence of Autonomous Vehicles and Connected Car
Infrastructure
4.2.3.2. Lightweight Frameworks and Systems to Enhance Efficiency of
Edge Computing Solutions
4.2.4. Challenges
4.2.4.1. Vulnerability Issues with IoT Devices
4.2.4.2 Initial Capex for Infrastructure
4.2.5. Trends
4.2.5.1. Adoption Of 5g Technology
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Edge computing Market 2019- 2027
Key questions answered in the report:
Increasing adoption and proliferation of industrial IoT in developing countries will
propel the edge computing market.
•
How does the adoption of edge computing in developed regions differ from
developing countries such as India, and China?
•
What are the different strategies adopted by organizations in order to adopt
edge computing in their businesses?
Extensive government initiatives for digitization in developing countries will
make an impact on the edge computing market
•
What are the government initiatives taken in developing countries to
increase use of edge computing?
•
To what geographical extent do governments are able to inculcate initiatives
with respect to edge computing?
Key players dominating the edge computing market
•
Who are the major players in various countries and what share of the market
do they hold?
•
Which companies have recently merged/acquired in different regions
across the globe and how will these unions affect the competitive landscape of the
edge computing market?
•
Which companies have created partnerships and how will these
partnerships promote a competitive advantage?
North America region dominates the geographical segment of edge computing
market
•
Who are the prominent players in the edge computing market and what is
their market share?
• Which end-use industry is generating more revenue and why?
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Edge computing Market 2019- 2027
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