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Edge Computing - Global Market Trajectory & Analytics

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    Report

  • 796 Pages
  • July 2022
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 4804349

FEATURED COMPANIES

  • ABB Ltd
  • Azion Technologies, Inc.
  • Dell Inc.
  • Edgeworx, Inc
  • Intel Corporation
  • Moxa Inc.

Global Edge Computing Market to Reach US$17.8 Billion by the Year 2026


Edge computing is rapidly emerging as a technology innovation that can be widely adopted across industries. Edge meets local computing requirements as data is processed in micro-data centers. Applications that are process-intensive, involving advanced technologies like AI, ML and IoT, has and continues to witness rapid development. These applications consume huge loads of data for performing large scale algorithms, creating a strong demand growth scenario for localized data storage and computer network resources. IoT, IIoT and increased adoption of technologies like AI and ML are thus supporting strong growth of edge computing. Growing number of smart city initiatives in countries across the world is also promoting growth for edge computing. These initiatives are leading to increase in edge computing implementation by telecom companies, responsible for the deployment of the necessary networks. 5G cellular technologies, delivering massive bandwidths along with supporting a wide array of devices including smartphones, autonomous vehicles as well as large scale IoT, represents another prominent growth promoting factor for the market. One of the reasons driving prioritization of edge computing is its ability to deliver sensor and IoT enabled data analysis. Growing emphasis on process automation and cost reduction combined with intensifying business competition is also anticipated to drive market growth. Increased adoption of edge computing for data center application would also lead to market growth.

Amid the COVID-19 crisis, the global market for Edge Computing estimated at US$7 Billion in the year 2022, is projected to reach a revised size of US$17.8 Billion by 2026, growing at a CAGR of 27% over the analysis period. Hardware, one of the segments analyzed in the report, is projected to grow at a 26.2% CAGR to reach US$10.4 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Platform segment is readjusted to a revised 28.3% CAGR for the next 7-year period. This segment currently accounts for a 19.8% share of the global Edge Computing market. Technologies, such as MEC, EDC, and AMR are increasingly employing routers, sensors, gateways, and edge nodes, which is propelling the requirement for hardware components in edge computing. The hardware segment is also expected to grow at a substantial pace over the next decade, attributed to large-scale deployment of hardware components in edge computing services.

The U.S. Market is Estimated at $2.5 Billion in 2022, While China is Forecast to Reach $2.4 Billion by 2026


The Edge Computing market in the U.S. is estimated at US$2.5 Billion in the year 2022. The country currently accounts for a 36.5% share in the global market. China, the world's second largest economy, is forecast to reach an estimated market size of US$2.4 Billion in the year 2026 trailing a CAGR of 35.3% through the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 23.6% and 27.5% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 24% CAGR while Rest of European market (as defined in the study) will reach US$3.1 Billion by the year end of the analysis period. North America dominates the global edge computing market, owing to the rising technology acceptance and adequate presence of large market players and startup firms in developed countries, such as the US. In addition, high disposable income of consumers is anticipated to allow the region to maintain its dominance in the global market for over the coming years. In Asia-Pacific, the market growth would be primarily driven by the digital boom in countries, such as China, South Korea, Japan, Singapore, India, and Indonesia. Moreover, rising disposable income and growing penetration of edge computing-based products, such as smart home appliances, electric vehicles, and fitness trackers, are anticipated to growth in the regional market.

By Application, Smart Cities Segment to Reach $7.1 Billion by 2026


Edge computing is one of the vibrant elements behind the emergence of smart cities owing to its ability to enable plethora of new applications and support next-generation smart city solutions. The technology is anticipated to be extensively used by city governors and urban planners for leveraging emerging data-driven technology to find real solutions for pressing challenges. In the recent years, an increasing number of smart cities have started investing in edge computing to avoid reliance on the cloud for data processing and analytics. In the global Smart Cities (Application) segment, USA, Canada, Japan, China and Europe will drive the 28.4% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$1.2 Billion will reach a projected size of US$6.8 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$619.4 Million by the year 2026.

Select Competitors (Total 256 Featured):

  • ABB Ltd
  • ADLINK Technology Inc.
  • Amazon Web Services (AWS), Inc
  • Atos SE
  • Axellio Inc.
  • Azion Technologies, Inc.
  • Belden Inc.
  • Cisco Systems, Inc.
  • ClearBlade, Inc.
  • Dell Inc.
  • Digi International Inc.
  • Edge Intelligence Software, Inc.
  • EdgeConneX Inc.
  • EdgeIQ
  • Edgeworx, Inc
  • Foghorn Systems
  • General Electric Company
  • Google LLC
  • Hewlett Packard Enterprise Development LP
  • Huawei Technologies Co., Ltd
  • Intel Corporation
  • International Business Machines Corporation
  • Juniper Networks, Inc.
  • Litmus Automation Inc.
  • Microsoft Corporation
  • Moxa Inc.
  • Nokia Corporation
  • Phoenix Contact GmbH & Co. KG
  • Rockwell Automation, Inc.
  • Saguna Networks Ltd
  • SAP SE
  • Siemens AG
  • Sierra Wireless, Inc
  • SixSq SA

What`s New for 2022?

  • Global competitiveness and key competitor percentage market shares
  • Market presence across multiple geographies - Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to the digital archives
  • Complimentary updates for one year

FEATURED COMPANIES

  • ABB Ltd
  • Azion Technologies, Inc.
  • Dell Inc.
  • Edgeworx, Inc
  • Intel Corporation
  • Moxa Inc.

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Edge Computing - Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
  • The Age of Digitalization, Now Catalyzed by the Pandemic, Provides the Foundation for the Rise & Rise of Edge Computing
  • The Pandemic Creates a Scenario Where Digitalization Equals Survival: Global Digital Transformation Spending (In US$ Billion) for Years 2017 Through 2023
  • The Race Between the Virus & Vaccines Intensifies. Amidst this Chaotic Battle, Where is the World Economy Headed in 2021?
  • These are Times When Questions Abound & Answers Are Few
  • So How Fast Or Slow Are We Moving?
  • How Fast the World is Vaccinated Will Determine How Soon the Pandemic Will End: Global Percentage (%) of Population Administered With Vaccines in Advanced Economies, Emerging Markets, and Low-Income Countries As of July 2021
  • How & When Will the World Be Vaccinated? Global Number of Annual COVID-19 Vaccine Doses (In Million) for Years 2020 through 2025 by Geographic Region/Country
  • Split Scenarios Unfold: The Great Vaccine Divide Emerges
  • Time is of Essence! What We Know So Far - “Vaccine Efficiency Against New Strains is Decreasing”
  • Progress on Vaccinations, Why Should Businesses Care?
  • With IMF’s Upward Revision of Global GDP Forecasts for 2021, Most Companies Are Bullish About an Economic Comeback Despite a Continuing Pandemic
  • A Strong Yet Exceedingly Patchy & Uncertain Recovery Shaped by New Variants, Comes as a Relief for Suffering Industries & Markets: World Economic Growth Projections (Real GDP, Annual % Change) for 2020 through 2022
  • Easing Unemployment Levels in 2021 Although Moderate Will Infuse Hope for Industries Reliant on Consumer Discretionary Incomes: Global Number of Unemployed People (In Million) for Years 2017, 2019, 2020, and 2022
  • Edge Computing: Overview, Importance, & Benefits
  • Implementation of Edge Computing Leads to Cost Savings: Annual Power Consumption Savings (in %) by Sector
  • Here’s What to Expect in the Edge Computing Market
  • Recent Market Activity
  • Innovations
  • World Brands
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
  • COVID-19-Induced Work From Home (WFH) Pushes Businesses Closer to Edge Computing
  • With Millions Working From Home, This Newly-Distributed Workforce Will Accelerate Adoption of Edge Computing: WFM Employees as a % of the Total Workforce
  • Edge Computing Enabled Smart Cities Become the New Reality
  • COVID-19 Highlights the Value of Smart Cities During Times of Crisis
  • Why Edge Computing is Crucial for Smart Cities?
  • Focus on Reshaping City Resilience to Future Pandemics & Crisis Will Spur Rejuvenated Spending on Smart City Projects in the Post COVID-19 Period, Providing a Goldmine of Opportunities for Edge Computing: Global Smart City Spending (In US$ Billion) for the Years 2021, 2024 & 2027
  • Edge Computing & 5G: A Perfect Pair: Here’s Why
  • The Future of 5G is Unquestioned: 5G Contribution to GDP in Select Countries by 2030 (In US$ Billion)
  • A Growing Market for Smart Agriculture to Boost Adoption of Edge Computing
  • Smart Agriculture Becomes a US$12 Billion Global Market
  • Smart Agriculture Opens a Wealth of Opportunity for Edge Computing: Global Smart Agriculture Market (In US$ Billion) for the Years 2020, 2022, 2024 & 2026
  • Edge Computing’s Role in Smart Agriculture Demystified
  • Digital Transformation Spending in Transportation & Logistics to Spur Adoption of Edge Computing
  • Rapid Digitalization of the Transportation Industry Spells Opportunity for Edge Computing in Smart Management of IoT Enabled Fleets: Digital Transformation Spending in Logistics (In US$ Billion) for Years 2021, 2023, 2025, and 2027
  • Smart Retail Evolution Heavily Dependent Upon Edge Computing
  • As Smart Retail Evolves, Edge Computing Becomes Vital in Realizing the Promised Benefits: Global Market for Smart Retail (In US$ Billion) for Years 2021, 2023, and 2025
  • The Strengthening Relationship Between Edge Computing and Mobility, Gives Rise to the Massively Popular Mobile Edge Computing
  • Mobile Edge-Powered Computing Offers Intriguing Advantages for Location-Based Applications
  • Manufacturing & IIoT Emerge As Important End-Users of Edge Computing
  • Rise in IoT Ecosystem, the Cornerstone for Future Growth
  • Global Investments in Industrial IoT (IIoT) Platforms (In US$ Million) for the Years 2020, 2022 and 2025
  • Manufacturing Automation Catches Fire
  • The Growing Momentum Towards Manufacturing Automation to Encourage Adoption of Edge Computing: Global Manufacturing Automation Market Reset & Trajectory - Growth Outlook (In %) For Years 2019 Through 2025
  • Why Edge Computing is a Necessity in Age of Manufacturing Automation & Industrial IoT (IIoT)
  • The Age of Analytics Pushes Up the Need for Mobile Edge Computing
  • As Remote Monitoring & Control Rises in Prominence, Its Time to Take This Capability to the Edge
  • Global Opportunity for Remote Monitoring and Control (In US$ Million) for Years 2021, 2023, 2025 & 2027
  • Expanding Applications of Edge Computing in AR Wearables to Benefit Market Growth
  • Edge Computing in Healthcare, the Only Way to Unlock the Benefits of Value-based Care
  • Accelerating Pace of Connected Care Adoption Drives Opportunities for Edge Computing
  • Edge Computing to Become an Indispensable Part of Connected Healthcare: Global Connected Healthcare Opportunity (In US$ Billion) for Years 2021, 2023, 2025 and 2027
  • Edge AI - Next Frontier of Digital Transformation
4. GLOBAL MARKET PERSPECTIVEIII. MARKET ANALYSIS
UNITED STATES
  • Edge Computing Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2022 (E)
  • Market Overview
CANADA
JAPAN
  • Edge Computing Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2022 (E)
CHINA
  • Edge Computing Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2022 (E)
  • China’s Lead in 5G Network Adoption Augurs Well for Edge Computing Market
EUROPE
  • Edge Computing Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2022 (E)
  • An Overview of the European Edge Computing Market
  • European Consortium Formed for Development of Standard Edge Computing Platform
FRANCE
  • Edge Computing Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2022 (E)
GERMANY
  • Edge Computing Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2022 (E)
ITALY
UNITED KINGDOM
  • Edge Computing Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2022 (E)
REST OF EUROPE
ASIA-PACIFIC
  • Edge Computing Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2022 (E)
  • Edge Computing in Asia-Pacific: A High Growth Market
  • Mobile Edge Computing Market Gains Traction in Asia-Pacific
REST OF WORLD
IV. COMPETITION
  • Total Companies Profiled: 256

A selection of companies mentioned in this report includes:

  • ABB Ltd
  • ADLINK Technology Inc.
  • Amazon Web Services (AWS), Inc
  • Atos SE
  • Axellio Inc.
  • Azion Technologies, Inc.
  • Belden Inc.
  • Cisco Systems, Inc.
  • ClearBlade, Inc.
  • Dell Inc.
  • Digi International Inc.
  • Edge Intelligence Software, Inc.
  • EdgeConneX Inc.
  • EdgeIQ
  • Edgeworx, Inc
  • Foghorn Systems
  • General Electric Company
  • Google LLC
  • Hewlett Packard Enterprise Development LP
  • Huawei Technologies Co., Ltd
  • Intel Corporation
  • International Business Machines Corporation
  • Juniper Networks, Inc.
  • Litmus Automation Inc.
  • Microsoft Corporation
  • Moxa Inc.
  • Nokia Corporation
  • Phoenix Contact GmbH & Co. KG
  • Rockwell Automation, Inc.
  • Saguna Networks Ltd
  • SAP SE
  • Siemens AG
  • Sierra Wireless, Inc
  • SixSq SA