HTF Market Intelligence released a new research report of 75-90 pages on title ‘Europe Edge Computing Market (2018-2023)’ with detailed analysis, forecast and strategiesand important players such as Cisco Systems, Inc, Microsoft Corporation, IBM, Google, and Amazon.
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The Europe edge computing market is expected to reach a value of USD 1.94 Bn by 2023, expanding at a CAGR of 29.3%. Edge computing brings data processing nearer to IoT sensors to decrease latency and improve efficiency. The internet of things is driven by huge volumes of data generated from the activities of our day-to-day lives collecting, sending, and processing massive quantities of data requires companies to act intelligently, quickly, and make better business decisions. Edge computing is a network of data centres that store, and process data locally, before sending them to center or cloud. It optimizes the computing to avoid disruptions in sending and receiving data.
The Europe edge computing market is further classified based on applications and end users. By applications, it is further sub-classified into smart cities smart factories connected healthcare, connected vehicles, smart grids, and others. Other applications include edge computing in gaming and e-commerce. Smart cities holds the largest market share. The European smart cities model is unparalleled; it is denser and much sustainable. More than 240 European, with population above 100,000 are progressing toward smart city program.
Based on end users industries edge computing networks arew used in the manufacturing sector, energy and utility sector, IT and telecommunication, healthcare and life sciences, and consumer appliances. The IT and telecommunication sector is expected to grab the largest market share. The region is leading in 5G deployment. The telecom operators in this region along with US are expected to spend USD 185 Bn by 2026. The region is expected to have 214 Mn 5G connections by 2025. By 2020, around 76% of the population is expected to have smartphone connections.
Key growth factors
Europe is progressing toward digital industrialization. Around 91% of European corporates are investing for the digitization of factory plants in the core of Europe. 47% of English citizens believe that smart home technology would have a positive impact on their lives in the next few years.
Threats and key players
The crucial challenges faced by this region is the lack of technical skills. Edge computing is expected to face deployment problems, i.e. challenges is optimizing spectrum usage.
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What’s covered in the report?
1. Overview of the Europe edge computing market.
1. Understand the demand of Europe edge computing market by application and end user industries to determine the viability of the business.
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Chapter 1: Executive
1.1. Market scope and segmentation
2.1. Europe edge computing market-historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), drivers, trends, and challenges
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