Edge Computing Market
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The global edge computing market is estimated to grow at a CAGR 31.97% rate during the forecast period. Factors such as growing adoption of Internet of Things (IoT) across industries; rising demand for low-latency processing and real-time, automated decision-making solutions; and a need for surmounting exponentially increasing data volumes and network traffic. Moreover, the emergence of autonomous vehicles and connected car infrastructure, and the need for lightweight frameworks and systems to enhance the efficiency of edge computing solutions are expected to create ample opportunities for edge computing vendors.
Hardware segment to hold the largest market share. The hardware component is estimated to hold the largest market size during the forecast period, owing to the large-scale deployment of hardware components for decentralizing storage and computing operations, enabling comprehensive edge infrastructure deployment, and reducing network traffic.
Large enterprises to hold a larger market share. The adoption of edge computing solutions among large enterprises is high owing to the increased generation of data, which is attributed to the widespread geographical presence and customer base. Moreover, the increasing demand of employees to access computing resources and applications ubiquitously while ensuring proper data storage, drives the demand of edge computing solutions among large enterprises.
North America to account for the largest market share owing to the presence of large number of edge computing vendors and increasing technology adoption among North American enterprises for leveraging new technologies, such as IoT and 5G.
Key market players include Cisco (US), HPE (US), Huawei (China), IBM (US), Dell Technologies (US), Nokia (Finland), Litmus Automation (US), FogHorn Systems (US).
Key Questions Answered by Report
- What are the major drivers and restraints of market?
- What are the upcoming industry solutions in the Market?
- Which region would offer high growth opportunities for vendors in the market?
- Research Methodology
Limitation and Assumptions
- Executive Overview
- Market Overview
- Edge Computing Market, By Application
Industrial Internet of Things
Augmented Reality and Virtual Reality
- Edge Computing Market, By Vertical
Energy and Utilities
Media and Entertainment
Government and Defense
Transportation and Logistics
Retail and Consumer Goods
Healthcare and Life Sciences
- Edge Computing Market, By Component
- Edge Computing Market, By Organization Size
Small and Medium-Sized Enterprises
- Edge Computing Market, By Region
Rest of Europe
Rest of APAC
Rest of Middle East
Rest of the World
- Company Profiles
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