The global edge computing market is growing at a rapid pace mainly due to the rapid growth in the technology and increasing demand for IoT. The advantage of the edge computing including push applications, data transfer and services to devices at the edge of networks that helps to reduce transmission costs, shrink latency and improve user experience fosters the market growth, globally.
Acknowledging the kind of growth, the market perceives today, Market Research Future (MRFR) in its recently published study report asserts that the global edge computing market is expected to reach approximately 9200 MN USD by 2023 registering approximately 27 % CAGR between 2017-2022. The recent trend of real-time reporting is boosting the edge computing market.
Edge Computing Market can also be deployed as a service on the edgeOS for better management and delivery which is also one of the major factors driving the market growth. Additional factors such as temperature, vibration, sound, motion or location and read information embedded in bar codes, strips, and chips. The increasing demand of Internet of things (IoT) that has increased the response time of many important applications, including power production from solar facilities, driverless cars, smart lighting, security cameras, as well as in patient monitoring.
The growth in the number of edge devices like driverless vehicles and drones that require self-contained computing capabilities. A large amount of computation is use in cloud-based platforms which helps to store the data into edge. The edge computing provides an alternative to cloud computing as it provides a way to access on the “edge” to meet consumers demand. Edge computing is considered as more reliable technology than cloud computing. Edge computing is also considered preferable to cloud computing in manufacturing because of the need to prevent product defects.
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Major Key Players:
Fervent players driving the market for the edge computing include General Electric (U.S.), Amazon (U.S.), Microsoft Incorporation (U.S.), SAP SE (Germany), Intel Corporation (U.S.), Alphabet Inc. (U.S.), IBM Corporation (U.S.), Aricent (U.S.), Huawei Technologies (China), and Integrated Device Technology (U.S.).
Edge Computing Market Segments:
The analysis has been segmented into six key dynamics for the better scope: –
- By Technology: Comprises Mobile Edge Computing and Fog Computing among other.
- By Deployment: On-premises and On-cloud.
- By Component: Hardware, Software, and Services.
- By End-users : Public Safety, Healthcare, Connected Vehicles, Education, Location Based Service, and Gaming among others.
- By Application: Environment Monitoring, Data Caching, Optimized Local Content, Video Computing, and Internet of Things Location Service among others.
- By Regions: North America, Europe, APAC and Rest-of-the-World.
Edge Computing Market Regional Analysis:
North America dominates the global edge computing market with the largest market share. Edge computing is trending in the region. Factors substantiating the market growth in the region include the rising expenditures on edge computing and increasing adoption of cloud platform. Moreover, the factors such as the rapid growth in the technology and increasing demand of IoT is fuelling the edge computing market in the North American region.
The European region accounts for the second-largest market for edge computing showing the positive sign towards growth. The adoption rate of cloud technology and IoT is high which will lead the market growth creating a large revenue pocket. Germany among other European countries leads the regional market possessing the largest share.
The Asia Pacific region is emerging as the fastest growing market for the edge computing witnessing a healthy growth. Besides, the high uptake of cloud technology alongside the increasing real-time applications of edge computing drives the market growth in the region.
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Edge Computing Market Competitive Analysis:
Highly competitive by nature, the global edge computing market appears to be fragmented due to the presence of many players. Key strategies traced from the analysis of recent developments of the market players include agreement & partnership, acquisition expansion, and product launch. These key players strive to deliver comprehensive computing solutions with adept technology and features.
Industry/ Innovation/ Related News:
November 14, 2018 – Microsoft Incorporation (U.S.), a technology giant announced its partnership with Carnegie Mellon University (CMU – US) to study the growing field of edge computing and to advance edge computing technology.
Microsoft will contribute edge computing products to CMU for use in its Living Edge Laboratory, a testbed for exploring applications that generate large data volumes and require intense processing with near-instantaneous response times. While Intel corporation which is already associated with the lab will continue to contribute its technologies to enable discovery in these areas and more.
- Technology Investors
- Research/Consultancy firms
- Technology Solution Providers
- Government Bodies
- E-commerce companies
- Original Equipment Manufacturers
Table of Contents
1. Executive Summary
2.2 Scope of The Study
2.3 List of Assumptions
2.4 Market Structure
3. Market Insight
4.1 Research Process
4.2 Primary Research
4.3 Secondary Research
4.4 Market Size Estimation
4.5 Data Collection Tools
4.6 Market Size Estimation – Top-Down & Bottom-Up Approach
4.7 Forecast Model
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List of Table
Table 1 Market Synopsis
Table 2 List of Assumptions
Table 3 Global Edge Computing Market, By Technology, 2018–2023 (Usd Million)
Table 4 Global Edge Computing Market, By Deployment, 2018–2023 (Usd Million)
Table 5 Global Edge Computing Market, By Component, 2018–2023 (Usd Million)
List of Figure
Figure 1 Global Edge Computing Market: Market Structure
Figure 2 North America Market Size & Market Share by Country (2017 Vs 2023)
Figure 3 Europe Market Size & Market Share by Country (2017 Vs 2023)
Figure 4 Asia Pacific & Market Share by Country (2017 Vs 2023)
Figure 5 Rest of The World Market Size & Market Share by Country (2017 Vs 2023)
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