A new Report by Delvens, titled "Edge Computing Market” offers a comprehensive analysis of the industry, which comprises insights on the Global analysis. The report also includes competitor and regional analysis, and contemporary advancements in the market.
The global edge computing market size was valued at USD 4.68 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 38.4% to 2028.
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Edge computing refers to the distributed computing paradigm, which is mostly used to bring computing and data storage closer to the location, in order to improve the response time. The analysis tools used across industries are beginning to drive new levels of performance and productivity. Therefore, the distributed computing paradigm, called edge computing, is gaining traction.
The amalgamation of Artificial Intelligence (AI) into the edge ecosystem is the factor that has supported long-term expansion for Edge Computing Market.
Regional Analysis
APAC is projected to witness the fastest growth rate in the coming years. APAC has witnessed the advanced and dynamic adoption of new technologies and is projected to record the highest CAGR during the forecast period. In addition, IT spending across organizations in the region is gradually increasing, which is projected to lead to a surge in the adoption of edge computing. APAC is a base to various global telecommunications and edge network companies, including Huawei, Telstra, Vodafone, Optus, China Telecom, Vodafone, and NTT Docomo, which acts as a growth factor for the edge computing market.
Key Players of Edge Computing Market
· ABB
· Cisco Systems, Inc.
· Atos SE; Belden Inc.
· Digi International Inc.
· Honeywell International Inc.
· Microsoft Corporation
· Moxa Inc.
· Sierra Wireless
· Edgeiq
· Saguna Networks
· Vapour Io
· Adlink
· Capgemini
· Axellio
· Digi International
· Juniper Networks
· Clearblade and More
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Recent Developments
In June 2021, Cisco announced its new portfolio of catalyst industrial routers to extend the capability of enterprise network to the edge with flexibility, scalability, and security with embedded 5G technology.
In April 2021, Verizon and AWS launched its private mobile 5G edge computing to enterprises in the US through Verizon private 5G network and AWS outposts.
Edge Computing Market is segmented into components, application, organization size, verticals and geography.
On the basis of Components
· Hardware
· Software
· Services
On the basis of Application
· Smart Cities
· Industrial Internet of Things (IIoT)
· Remote Monitoring
· Content Delivery
· Augmented Reality (AR) and Virtual Reality (VR)
· Others (autonomous vehicles, drones, and gaming)
On the basis of Organization Size
· Large enterprises
· SMEs
On the basis of Region
· Asia Pacific
· North America
· Europe
· South America
· Middle East & Africa
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Reasons to Acquire
· Increase your understanding of the market for identifying the best and suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends and factors
· Gain authentic and granular data access for Edge Computing Market so as to understand the trends and the factors involved behind changing market situations
· Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future
· In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns
In addition to the market data for Edge Computing Market, Delvens offers client-centric report and customized according to the company’s specific demand and requirement.
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