Global Edge Computing Market Size, Share, Growth, Industry Trends and Forecast 2020-2030

Global Edge Computing Market size accounted 3.6 billion in 2020 is estimated to reach 65.2 billion by 2030 growing with a CAGR of 33.60% during the forecast timeline. Edge computing is a computing process done closer to the source of data without depending on cloud at multiple data centers working together. Edge computing increases the computing speed and reduces latency which is very crucial in vehicles like autonomous cars as it don’t have time to go back and forth with cloud while processing real time data which requires time. But, edge computing has the ability to process real time data and make quick decision for the safety of the car with quicker response time because even one millisecond is very vital for autonomous cars to run safely while on the road.
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Market Dynamics and Factors:
Assistance for real time application is one of the major driving factor for the edge computing market. Edge computing possesses ability to increase computation speed and reduce latency of data processing which is highly crucial in several industries like industrial automation, autonomous vehicles, retail and others as they require the ability to process real time data to avoid errors and unwanted problems that could occur. However, addition of more local hardware and greater maintenance cost is one of the major restraining factor of the edge computing market. Furthermore, increasing used of edge computing in IoT devices act as an immense opportunity for the edge computing market growth. Moreover, cyber security issue one of the main concern which act as a challenge for the edge computing market. Since, it provided the ability to connect more devices to the internet which makes it vulnerable from malicious hackers who want to take advantage of the system.
Market Segmentation:
Global Edge Computing Market – By Component
Hardware
Platform
Services
Global Edge Computing Market – By Application
Smart Cities
IoT
Content Delivery
Remote Monitoring
AR
VR
Global Edge Computing Market – By Organization Size
Small & Medium Size Enterprise
Large Enterprises
Global Edge Computing Market – By Geography
North America
U.S.
Canada
Mexico
Europe
U.K.
France
Germany
Italy
Rest of Europe
Asia-Pacific
Japan
China
India
Australia
Rest of Asia Pacific
ROW
Latin America
Middle East
Africa
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Geographic Analysis:
North America is the major revenue generator and is anticipated to continue its dominance during the coming years. Factor contributing to the high demand of the product includes the rapid growth of the used of internet of things, leading in 5G deployment, growth of gaming and e-commerce industries and others are responsible for the growth of market in this region. Asia Pacific is the second dominating region and the fastest growing region. Some of the factors contributing to the increase edge computing market growth in this region are support the implementation of the technology in smart cities, increasing investment of research and development in edge computing, large acceptance of the technology by multiple industries, increase in growth of economy and others.
Competitive Scenario:
The key players operating in edge computing industry are Microsoft Corp., Google LLC., Huawei Technologies Co. Limited., Amazon Web Services, Inc., Dell EMC, Cisco Systems, Inc., International Business Machines Corp., Intel Corp., and others.
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How will this Market Intelligence Report Benefit You?
The report offers statistical data in terms of value (US$) as well as Volume (units) till 2030.
Exclusive insight into the key trends affecting the Global Edge Computing industry, although key threats, opportunities and disruptive technologies that could shape the Global Edge Computing Market supply and demand.
The report tracks the leading market players that will shape and impact the Global Edge Computing Market most.
The data analysis present in the Global Edge Computing Market report is based on the combination of both primary and secondary resources.
The report helps you to understand the real effects of key market drivers or retainers on Global Edge Computing Market business.
The 2021 Annual Global Edge Computing Market offers:
100+ charts exploring and analysing the Global Edge Computing Market from critical angles including retail forecasts, consumer demand, production and more
15+ profiles of top producing states, with highlights of market conditions and retail trends
Regulatory outlook, best practices, and future considerations for manufacturers and industry players seeking to meet consumer demand
Benchmark wholesale prices, market position, plus prices for raw materials involved in Global Edge Computing Market type
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