Edge Computing Market Report and Forecast 2025-2034

The global edge computing market will rise from USD 15.54 Billion in 2024 to USD 189.28 Billion by 2034, at a CAGR of 28.40% in the 2025-2034 forecast period.

It is expected that the advent of autonomous vehicles and connected car networks and the need for lightweight frameworks and applications to improve the efficiency of edge computing solutions would create multiple opportunities for edge computing vendors.

Market Segmentation

Edge computing is a distributed computing model that takes data storage and computation closer to where it is needed to improve reaction times and save bandwidth. The edge computing market can be divided based on segments like components and end-user.

The industry can be broadly categorised on the basis of its component into:

• Hardware
• Services
• Platforms

The industry can be divided based on its end-uses as:

• Manufacturing
• Government and Defence
• Healthcare
• Transportation and Logistics
• Retail and Consumer Goods
• Telecom and IT
• Others

The industry can be divided based on region as:

• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East and Africa

Market Analysis

Factors such as the increased Internet of Things (IoT) adoption across industries, increased demand for low latency processing and real-time, automated decision-making solutions, and the need to overcome exponentially growing data volumes and network traffic are driving the edge computing market growth. Edge computing helps real-time applications analyse and process collected data, which is also one of the key drivers of the rising industry demand. The advent of the 5 G Network and numerous IoT solutions frameworks and languages are expected to provide significant industry growth opportunities in the coming years. However, it is expected that the growing local hardware and higher maintenance costs will hinder the growth of the edge computing market.

Competitive Landscape

The report presents a detailed analysis of the following key players in the global edge computing market, looking into their capacity, competitive landscape, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

• Amazon Web Services, Inc.
• Cisco Systems, Inc. (NASDAQ: CSCO)
• Hewlett Packard Enterprise Development LP
• Huawei Technologies Co., Ltd.
• International Business Machines Corporation (NYSE: IBM)
• Capgemini Service SAS
• Microsoft Corporation (NASDAQ: MSFT)
• Others

The report gives an in-depth insight into the edge computing market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.