The Europe 5G Edge Computing Market is expected to witness market growth of 46.4% CAGR during the forecast period (2024-2031).
The Germany market dominated the Europe 5G Edge Computing Market by country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of $4.48 billion by 2031. The UK market is exhibiting a CAGR of 45.2% during 2024-2031. Additionally, the France market is expected to experience a CAGR of 47.8% during 2024-2031.
It is estimated that global public cloud spending reached approximately $600 billion in 2023, a substantial increase from $490 billion in 2022. For example, Amazon Web Services (AWS) sales increased 13% year-over-year to $24.2 billion. Similarly, Microsoft Azure reported that server products and cloud services revenue increased $12.6 billion or 19%, driven by Azure and other cloud services.
The 5G edge computing applications span a wide array of sectors, each benefiting from the technology’s ability to deliver real-time insights and seamless connectivity. In smart cities, 5G edge computing powers intelligent traffic management systems, where data from cameras, sensors, and vehicles is processed instantly to optimize traffic flow, reduce congestion, and enhance public safety.
The market is gaining momentum globally, fuelled by increasing investments in data centers, smart manufacturing, and automotive advancements. The UK has attracted £6.3 billion in global investments into its data center sector, taking the total investment beyond £25 billion under the current government. This continuous push for digital infrastructure expansion highlights the country’s commitment to supporting cloud computing, AI, and IoT-driven industries. Moreover, as per the ITA, By 2025, 84% of German manufacturers plan to invest €10 billion ($10.52 billion) annually in smart manufacturing technologies, with 75% of companies already implementing digital solutions. Italy’s automotive sector, with a turnover of €92.7 billion in 2022, remains a vital part of the country’s economy, contributing 9.3% to the manufacturing sector and 5.2% to the GDP. The production of 782,629 vehicles and the registration of 1.33 million new cars in 2022 highlights the industry’s continued significance. Therefore, the UK, Germany, and Italy drive the market through strategic investments in data centers, smart manufacturing, and the automotive industry.
The Germany market dominated the Europe 5G Edge Computing Market by country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of $4.48 billion by 2031. The UK market is exhibiting a CAGR of 45.2% during 2024-2031. Additionally, the France market is expected to experience a CAGR of 47.8% during 2024-2031.
It is estimated that global public cloud spending reached approximately $600 billion in 2023, a substantial increase from $490 billion in 2022. For example, Amazon Web Services (AWS) sales increased 13% year-over-year to $24.2 billion. Similarly, Microsoft Azure reported that server products and cloud services revenue increased $12.6 billion or 19%, driven by Azure and other cloud services.
The 5G edge computing applications span a wide array of sectors, each benefiting from the technology’s ability to deliver real-time insights and seamless connectivity. In smart cities, 5G edge computing powers intelligent traffic management systems, where data from cameras, sensors, and vehicles is processed instantly to optimize traffic flow, reduce congestion, and enhance public safety.
The market is gaining momentum globally, fuelled by increasing investments in data centers, smart manufacturing, and automotive advancements. The UK has attracted £6.3 billion in global investments into its data center sector, taking the total investment beyond £25 billion under the current government. This continuous push for digital infrastructure expansion highlights the country’s commitment to supporting cloud computing, AI, and IoT-driven industries. Moreover, as per the ITA, By 2025, 84% of German manufacturers plan to invest €10 billion ($10.52 billion) annually in smart manufacturing technologies, with 75% of companies already implementing digital solutions. Italy’s automotive sector, with a turnover of €92.7 billion in 2022, remains a vital part of the country’s economy, contributing 9.3% to the manufacturing sector and 5.2% to the GDP. The production of 782,629 vehicles and the registration of 1.33 million new cars in 2022 highlights the industry’s continued significance. Therefore, the UK, Germany, and Italy drive the market through strategic investments in data centers, smart manufacturing, and the automotive industry.
List of Key Companies Profiled
- Microsoft Corporation
- Amazon Web Services, Inc. (Amazon.com, Inc.)
- Cisco Systems, Inc.
- Hewlett Packard Enterprise Company
- Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.)
- Ericsson AB
- IBM Corporation
- Intel Corporation
- Google LLC (Alphabet Inc.)
- Dell Technologies, Inc.
Market Report Segmentation
By Solution
- Software
- Services
- Hardware
By End Use
- IT & Telecom
- Datacenters
- Automotive
- Smart Cities, Smart Homes, & Smart Buildings
- Healthcare
- Energy & Utilities
- Other End Use
By Country
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 4. Competition Analysis - Global
Chapter 5. Europe 5G Edge Computing Market by Solution
Chapter 6. Europe 5G Edge Computing Market by End Use
Chapter 7. Europe 5G Edge Computing Market by Country
Chapter 8. Company Profiles
