The Global Edge Computing Market is projected to reach a value of over USD 30.7 billion by 2027 at a CAGR of around 31.0%.
Edge computing is the way of transforming the data to be handled, processed, and delivered from millions of users all over the world. The exponential growth of Internet-connected devices such as IoT, requires real-time computing power, continues to drive edge-computing systems. In recent years, growing faster networking technologies such as 5G are allowing edge computing to accelerate the real-time applications such as self-driving cars, video processing & analytics, artificial intelligence, and robotics among others. edge computing brings data storage and computation closer to the devices where it’s being gathered, rather than depending on a central location that can be away from the location. IBM Corporation, Cisco, Microsoft, Google LLC, and Amazon Web Services (AWS) are expected to hold the largest market share in the edge computing market.
Market Driver:
Proliferation of devices and advanced principal technologies have helped fuel the growth of IoT technologies. Moreover, investments in IoT technology are projected to grow at faster rate during the forecast period. IoT market analysts expect the edge computing to play a significant role in supporting IoT implementations going forward, as it creates efficiencies and scale in networks that makes IoT deployments more self-sustaining. According to Forencis Analysis, IT spending on edge computing infrastructure will reach up to 18% of the total spend on IoT infrastructure. Hence, Increasing the IoT applications will expected to increase the edge computing market during the forecast period.
Market Restraint:
Data transmission and collection from many connected devices requires a better approach to analysis and processing. Edge computing takes these tasks closer to data sources, either allowing execution within devices themselves or outsourcing to data centers and local servers instead of central locations. However, distributing data across a large network containing numerous devices and data centers operating far from company’s main locations can create problems with network visibility and control. These devices are smaller than traditional data centers and hence, this small size makes them more vulnerable to being stolen or otherwise physically manipulated. Moreover, Loopholes in edge security can provide hackers easy access to the core of a network. Hence, security concerns will have expected to restrain the market during the forecast period.
The report on the edge computing market covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country-wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.
|
Report Features |
Specifics |
|---|---|
|
Historical/Estimated/Forecasted Market Size Years |
2019-2027 |
|
Base Year for Market Calculation |
2020 |
|
Forecasted Period |
2021-2027 (2021 estimated year, forecasted up to 2027) |
|
Measured Units |
Value (USD Million) |
|
Segments Included |
Technology, Component, Application, End Use Industry, and Region |
|
Regional Coverage |
North America, Asia-Pacific, Europe, Middle East & Africa, South America |
For the scope of the report, In-depth segmentation is offered by Forencis Research
Edge Computing Market, by Technology
Edge Computing Market, by Component
Edge Computing Market, by Application
Edge Computing Market, by End Use Industry
Edge Computing Market, by Region
60+ MARKET TABLES AND 30+ FIGURES WILL BE INCLUDED IN THE EDGE COMPUTING MARKET STUDY
Note1: Tentative table of contents, may get updated during the course of research.
Note2: Company financial information is subject to availability in public domain
60+ MARKET TABLES AND 30+ FIGURES WILL BE INCLUDED IN THE STUDY
