Edge computing is a planned approach of computing for IoT environments, which provides IT resources such as computing power and storage capacity, to the data producing devices and sensors. The data processing in edge computing takes place at the edge of the network, which further helps in reducing the low-latency problems. Several industries such as public sector, manufacturing, retail, and others, have adopted edge computing solution to optimize their business operations through cost effective and real-time analytics.
Increase in load on the cloud infrastructure globally and rise in number of intelligent applications are the major factors driving the growth of the edge computing market. In addition, edge computing assists real-time applications in analyzing and processing collected data, which is also one of the crucial factor that drives the market demand. However, more local hardware and higher maintenance costs are expected to hinder the edge computing market growth. Furthermore, advent of the 5G Network, and numerous frameworks and languages for IoT solutions are expected to provide major opportunities for the market growth in upcoming years.
The global edge computing market is segmented on the basis of component, application, organization size, industry vertical, and region. Based on component, it is categorized into services and solution. On the basis of application, it is classified into connected cars, smart grids, critical infrastructure monitoring, traffic management, environmental monitoring, augmented reality, assets tracking, security & surveillance, and others. By organization size, it is bifurcated into small & medium enterprises and large enterprises. On the basis of industry vertical, it is divided into energy & utilities, government & public sector, healthcare, manufacturing, media & entertainment, transportation, retail, telecom & IT, and others. Based on region, the edge computing market is analyzed across North America, Europe, Asia Pacific, and LAMEA.
The market players operating in the edge computing market are Amazon Web Services (AWS), AT&T Inc., Cisco Systems Inc., Dell Inc., Fujitsu Limited, Huawei Technologies Co. Ltd., IBM Corporation, Hewlett Packard Enterprise (HPE), Microsoft Corporation, Nokia Corporation, and others.
KEY BENEFITS
KEY MARKET SEGMENTS
By COMPONENT
By APPLICATIONS
By ORGANIZATION SIZE
By INDUSTRY VERTICAL
By Region
o Canada
o Germany
o France
o Rest of Europe
o India
o Japan
o Rest of Asia-Pacific
o Middle East
o Africa
KEY MARKET PLAYERS PROFILED IN THE REPORT
Increase in load on the cloud infrastructure globally and rise in number of intelligent applications are the major factors driving the growth of the edge computing market. In addition, edge computing assists real-time applications in analyzing and processing collected data, which is also one of the crucial factor that drives the market demand. However, more local hardware and higher maintenance costs are expected to hinder the edge computing market growth. Furthermore, advent of the 5G Network, and numerous frameworks and languages for IoT solutions are expected to provide major opportunities for the market growth in upcoming years.
The global edge computing market is segmented on the basis of component, application, organization size, industry vertical, and region. Based on component, it is categorized into services and solution. On the basis of application, it is classified into connected cars, smart grids, critical infrastructure monitoring, traffic management, environmental monitoring, augmented reality, assets tracking, security & surveillance, and others. By organization size, it is bifurcated into small & medium enterprises and large enterprises. On the basis of industry vertical, it is divided into energy & utilities, government & public sector, healthcare, manufacturing, media & entertainment, transportation, retail, telecom & IT, and others. Based on region, the edge computing market is analyzed across North America, Europe, Asia Pacific, and LAMEA.
The market players operating in the edge computing market are Amazon Web Services (AWS), AT&T Inc., Cisco Systems Inc., Dell Inc., Fujitsu Limited, Huawei Technologies Co. Ltd., IBM Corporation, Hewlett Packard Enterprise (HPE), Microsoft Corporation, Nokia Corporation, and others.
KEY BENEFITS
- The report provides an in-depth analysis of the global edge computing market, outlining current trends, key driving factors, and potential areas for product investments.
- Key players are analyzed with respect to their primary offerings, recent investments, and future development strategies.
- Porter’s five forces analysis illustrates the potency of buyers and suppliers operating in the industry.
- The quantitative analysis of the global edge computing market from 2017 to 2025 is provided to determine the market potential.
KEY MARKET SEGMENTS
By COMPONENT
- Services
- Solution
By APPLICATIONS
- Connected Cars
- Smart Grids
- Critical Infrastructure Monitoring
- Traffic Management
- Environmental Monitoring
- Augmented Reality
- Assets Tracking
- Security & surveillance
- Others
By ORGANIZATION SIZE
- Small & Medium Enterprise
- Large Enterprise
By INDUSTRY VERTICAL
- Energy & Utilities
- Government & Public Sector
- Healthcare
- Manufacturing
- Media & Entertainment
- Transportation
- Retail
- Telecom & IT
- Others
By Region
- North America
o Canada
- Europe
o Germany
o France
o Rest of Europe
- Asia-Pacific
o India
o Japan
o Rest of Asia-Pacific
- LAMEA
o Middle East
o Africa
KEY MARKET PLAYERS PROFILED IN THE REPORT
- Amazon Web Services (AWS),
- AT&T Inc.
- Cisco Systems Inc.
- Dell Inc.
- Fujitsu Limited
- Huawei Technologies Co. Ltd.
- IBM Corporation
- Hewlett Packard Enterprise (HPE)
- Microsoft Corporation
- Nokia Corporation
Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET LANDSCAPE
CHAPTER 4: EDGE COMPUTING MARKET, BY COMPONENT
CHAPTER 5: EDGE COMPUTING MARKET, BY APPLICATION
CHAPTER 6: EDGE COMPUTING MARKET, BY ORGANIZATION SIZE
CHAPTER 7: EDGE COMPUTING MARKET, BY INDUSTRY VERTICAL
CHAPTER 8: EDGE COMPUTING MARKET, BY REGION
CHAPTER 9: COMPANY PROFILE
Executive Summary
According to this report titled,'Edge Computing Market by Component, Applications, Organization Size, and Industry Vertical: Global Opportunity Analysis and Industry Forecast, 2018 - 2025,'the global edge computing market was valued at $ 1,734.8 million in 2017 and is projected to reach $ 16,556.6 million by 2025, growing at a CAGR of 32.8% from 2018 to 2025.Global edge computing market trends include increase in latency problems in network and restrictions on bandwidth usage for storing the data on central cloud. In addition, increase in load on the cloud infrastructure globally and rise in number of intelligent applications are the major factors driving the growth of the edge computing market. Moreover, massive data generated by all these devices and applications thus, causes a huge burden on the cloud center. This burden further causes network congestion and latency issues while processing the data between devices and cloud, which drives the demand for edge computing. In addition, edge computing assists real-time applications in analyzing and processing collected data, which is also one of the crucial factors that drive the market demand. However, more local hardware and higher maintenance costs are expected to hinder the edge computing edge computing industry growth.
Furthermore, advent of the 5G Network, and numerous frameworks and languages for IoT solutions are the major factors expected to provide lucrative opportunities for the market growth in upcoming years. 5G network is expected to create a huge burden on physical data centers and result into higher demand for bandwidth and lower latency. Therefore, the operators will need to create more data centers, which is anticipated to be opportunistic for the market.
Based on component, the solution segment dominated the overall edge computing market size in 2017 and is expected to remain dominant during the forecast period. The growth of this segment is mainly attributed to increase in number of smart devices and to save the bandwidth on transporting the unnecessary data from data centers to the central cloud platforms.
North America dominated the overall edge computing market in 2017 and is expected to remain dominant during the forecast period, due to increasing trend of internet of things (IoT) and growth in IoT device connection in this region. Furthermore, Asia-Pacific is expected to exhibit highest growth rate throughout the forecast period. Increase in penetration of smartphones and rise in awareness among people about various Internet of Things (IoT) in this region is expected to drive the market growth in this region.
Key Findings of the Edge Computing Market:
Based on organization size, the large enterprises segment generated the highest revenue for edge computing market share in 2017, the influx of data in the form of intelligent vehicles, machines, and other internet of things (IoT) devices boost the growth of the market across large enterprises.
Based on industrial vertical, the IT & telecom sector dominated the overall e market in 2017 and is expected to generate highest revenue during the edge computing market forecast period. The adoption of edge computing in this sector is mainly attributed to the increase in need to deploy products faster to their customers. For instance, in February 2019, Verizon, a telecommunications giant in the U.S. deployed edge computing to reduce latency for its 5G testbed. Moreover, the retail sector is also expected to exhibit the highest growth rate during the forecast period.
Some of the key edge computing market players profiled in the report include Amazon Web Services (AWS), AT&T Inc., Cisco Systems Inc., Dell Inc., Fujitsu Limited, Huawei Technologies Co. Ltd., IBM Corporation, Hewlett Packard Enterprise (HPE), Microsoft Corporation, Nokia Corporation, and others.
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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