The latest report published by Fortune Business Insights highlights the growth prospects of the Edge Computing Market Size 2024 In-depth research on Industry Size, Share, Business Analysis, Growth Factors, and Regional Forecast. The market report gives a purposeful depiction of the area by the practice for research, amalgamation, market size, overview, and review of data taken from various sources. The market study includes information on market factors such as the market dynamics, drivers, restraints, challenges, threats, potential growth opportunities, market trends, development patterns, financial information, latest technologies, innovations, leading competitors, and regional analysis of the market.
The global Edge Computing Market size is expected to grow from USD 15.96 billion in 2023 to USD 216.76 billion by 2032, at a Compound Annual Growth Rate (CAGR) of 33.6% during the forecast period.
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Top Companies Covered In This Report:
- IBM Corporation (U.S.)
- Intel Corporation (U.S.)
- com, Inc. (U.S.)
- Google LLC (U.S.)
- Microsoft Corporation (U.S.)
- ADLINK Technology Inc. (Taiwan)
- Hewlett Packard Enterprise Development LP (U.S.)
- Cisco Systems, Inc. (U.S.)
- Huawei Technologies Co., Ltd. (U.S.)
- EdgeConneX Inc. (U.S.)
Driving Factor:
Growing Deployment of 5G Network to Drive Usage of Edge Computing Solutions
Edge-powered SaaS solutions are gaining popularity on 5G networks. Many companies are integrating their services with cloud systems. However, with the growing reliance on IoT and AI devices, the overall traffic for data processing has increased considerably. 5G networks are being rolled out across the world and investments by global companies are also rising. More than 380 telecom operators are investing heavily in 5G solutions to help them improve their speed and agility. Edge computing is also using 5G/6G infrastructure to reduce complexity, save costs, and fortify cybersecurity defenses. Such developments will bolster the market growth.
Since the installation cost of edge nodes, devices, and data centers is quite high, firms can find it hard to build a complete and reliable edge solution, further constricting the market growth.
Geographically, the report covers North America, South America, Europe, the Middle East & Africa, and Asia Pacific.
Report Highlights:
- A comprehensive overview of the Edge Computing Market
- Significant factors boosting, restricting, challenging and providing an opportunity to the market
- Key insights and major industry developments
- Significant players functioning in the Edge Computing Market
- Major strategies adopted by players such as the launch of new products for better revenue generation, company collaborations, and others
- Other market trends
Edge Computing Market Segments:
By Component
- Hardware
- Application/Software
- Edge Cloud Infrastructure
- Services
- Network
By Enterprise Type
- Small & Medium Enterprises
- Large Enterprises
By Application
- IoT Applications
- Robotics & Automation
- Predictive Maintenance
- Remote Monitoring
- Smart Cities
- Others (Video Analytics, Smart Homes)
By Industry
- Manufacturing
- Oil & Gas
- BFSI
- Healthcare
- Retail
- IT & Telecom
- Automotive
- Others (Gaming, Entertainment)
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Regional Analysis for Edge Computing Market:
- North America (the USA and Canada)
- Europe (UK, Germany, France, Italy, Spain, Scandinavia and Rest of Europe)
- Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
- Latin America (Brazil, Mexico and Rest of Latin America)
Research Methodology:
The analysis of research methodology involves the evaluation of the techniques employed in a research study to collect and analyse data. This report integrates both primary and secondary data analysis, enabling companies to gain a comprehensive understanding of the research topic. By triangulating data from multiple sources, this approach helps validate findings and generate new insights. The analysis encompasses the assessment of research design, data collection techniques, sampling methods, and data analysis tools utilized in the study. By examining these elements, the analysis aims to determine the reliability, validity, and generalizability of the research findings. Factors such as the alignment of study design with research objectives, appropriateness of data collection methods, representativeness of sampling techniques, suitability of analytical methods, and adherence to ethical considerations are carefully evaluated.
FAQ’s
Q.1. What are the primary drivers of the Edge Computing Market?
Q.2. What are the main factors propelling and impeding the growth of the Edge Computing Market?
Q.3. What are the general structure, risks, and opportunities of the market?
Q.4. How do the prices, revenue, and sales of the leading Edge Computing Market firms compare?
Q.5. What are the main segments of the market and how is it divided up?
Q.6. Which companies dominate the market, and what percentage of the market do they control?
Q.7. What trends are influencing the Edge Computing Market now and in the future?
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Table of Contents
1. Executive Summary
1.1 Overview
1.2 Key Findings
2. Introduction
2.1 Background
2.2 Scope and Objectives
2.3 Methodology
3. Edge Computing Market Growth Overview
3.1 Definition and Classification
3.2 Edge Computing Market Share Drivers
3.3 Market Restraints
3.4 Market Opportunities
3.5 Industry Challenges
4. Global Trends and Forecast
4.1 Overview
4.2 Edge Computing Market Share Trends
4.3 Industry Share and Future Outlook
4.4 Growth Prospects
5. Edge Computing Market Size Regional Analysis
5.1 North America
5.2 Europe
5.3 Asia-Pacific
5.4 Latin America
5.5 Middle East and Africa
6. Edge Computing Market Analysis
6.1 Edge Computing Market Key Players
6.2 Market Concentration
6.3 Competitive Landscape
6.4 SWOT Analysis
7. Market Segmentation
8. Conclusion
9. Recommendations
10. Appendix
TOC Continued…
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