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Global Edge Computing Market Size, Trends & Growth Opportunity, By Component (Hardware, Software, and Services), By Application (Smart Cities, Industrial Internet of Things, Remote Monitoring, and Content Delivery), By End User (Financial and Banking Industry, Retail, Healthcare and Life Sciences, Industrial, Energy & Utilities, Telecommunications, and Others), By Region and Forecast till 2027


Report ID : IR100404 | Industries : Energy & Power | Published On :May 2024 | Page Count : 242

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  • Global Edge Computing Market Size, Trends & Growth Opportunity, By Component (Hardware, Software, and Services), By Application (Smart Cities, Industrial Internet of Things, Remote Monitoring, and Content Delivery), By End User (Financial and Banking Industry, Retail, Healthcare and Life Sciences, Industrial, Energy & Utilities, Telecommunications, and Others), By Region and Forecast till 2027
    Global Edge Computing Market
    The global Barcode Scanner market was valued at USD 11.24 billion in 2021 and it is expected to reach
    at USD 147.90  billion in 2027 at a CAGR of 37.9 % during forecast period 2022-2027.
    Edge computing is an approach which processes data at the edge of the network. For instance, in telecommunication industry mobile can be a edge device. Therefore, every device produces data at the edge of network functions as an edge device. Rise in load on the cloud infrastructure across the globe , and increase in number of intelligent applications are some driving factors which are expected to grow the global edge computing device market in near future.
    Market Drivers
    Increase in adoption of IoT across various industries such as financial and banking industry, retail, and healthcare is the key driving factor which is expected to boost the global edge computing market growth. Furthermore, rise in demand for low-latency processing and real-time, automated decision making solutions will positively contribute the market growth. Moreover, Edge computing for IoT offers various advantages for many IoT deployments as compared to using the cloud to store and process data. For Example, many IoT processors provide an increased level of automation at the edge resulting in low latency for rapid data processing. It has ability to reside at an operator’s local datacenter, at dedicated server or base station on the customer’s premises. In addition to that, increase in demand for autonomous vehicles and connected car infrastructure will drive the market growth. 
    Market Restraints
    However, increase in security concerns pertaining to edge computing is the major challenging factor which is expected to hinder the global edge computing market growth during this analysis period.
    COVID-19 Impact 
    Outbreak of COVID-19 boost the use of data centers and edge computing as lockdown and stringent rules made by government  due to the fear of contracting virus.Due to the continued emphasis on developing communications infrastructure remote work  becomes the new normal task . additionally the healthcare system gains traction through online consultations,a network design requiring high security and low-latency connectivity is develop which propells the market growth.
    Recent Development 
    In 2022 – 5 TONIC technology and IMDEA Networks, paterned the 5G SA network and a multiaccess edge computing platform with Ericsson, Intel, Telefónica,DeepSight, and Capgemini Engineering.Huawei and Du signed works on MEC.The two companies would research, verify, and replicate MEC-oriented applications in the Middle East also accelerate digital transformation.In 2022 ADLINK Technology Inc. and AUO form a joint virtual technology forum for the EMEA region.
    Market Segmentation
    Global Edge Computing Market is segmented into component such as Hardware, Software, and Services, by application such as Smart Cities, Industrial Internet of Things, Remote Monitoring, and Content Delivery. Further, market is segmented into end user such as Financial and Banking Industry, Retail, Healthcare and Life Sciences, Industrial, Energy & Utilities, Telecommunications, and Others.
    Also, Global Edge Computing Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
    Market Key Players
    Various key players are discussed in this report such as Cisco, HPE, HUAWEI, DELL TECHNOLOGIES, NOKIA, IBM, AMAZON WEB SERVICES, FOGHORN SYSTEMS, MACHINESHOP, SAGUNA NETWORKS, LITMUS AUTOMATION, and SIXSQ
    Market Taxonomy
    By Component
    • Hardware
    • Software
    • Services
    By Application
    • Smart Cities
    • Industrial Internet of Things
    • Remote Monitoring
    • Content Delivery
     By End User
    • Financial and Banking Industry
    • Retail
    • Healthcare and Life Sciences
    • Industrial
    • Energy & Utilities
    • Telecommunications
    • Others
    By Region
    • North America
    • Latin America
    • Europe
    • Asia Pacific
    • Middle East & Africa
    Key Questions Addressed by the Report
    • What are the Key Opportunities in Global Edge Computing Market?
    • What will be the growth rate from 2022 to 2027?
    • Which segment/region will have highest growth?
    • What are the factors that will impact/drive the Market?
    • What is the competitive Landscape in the Industry?
    • What is the role of key players in the value chain?
    • What are the strategies adopted by key players?

    Global Edge Computing Market 
    1 Introduction 
    1.1 Objective of the Study
    1.2 Market definition
    1.3 Market Scope
    2 Research Methodology
    2.1 Data Mining
    2.2 Validation
    2.3 Primary Interviews
    2.4 List of Data Sources
    3 Executive Summary
    4 Global Edge Computing Market Outlook
    4.1 Overview
    4.2 Market Dynamics
    4.2.1 Drivers
    4.2.2 Restraints
    4.2.3 Opportunities
    4.3 Porters Five Force Model
    4.4 Value Chain Analysis
    5 Global Edge Computing Market, By Component
    5.1 Y-o-Y Growth Comparison, By Component 
    5.2 Global Edge Computing Market Share Analysis, By Component 
    5.3 Global Edge Computing Market Size and Forecast, By Component
    5.3.1 Hardware
    5.3.2. Software
    5.3.3. Services
    6 Global Edge Computing Market, By Application
    6.1 Y-o-Y Growth Comparison, By Application
    6.2 Global Edge Computing Market Share Analysis, By Application
    6.3 Global Edge Computing Market Size and Forecast, By Application
    6.3.1 Smart Cities
    6.3.2 Industrial Internet of Things
    6.3.3. Remote Monitoring
    6.3.4. Content Delivery
    7 Global Edge Computing Market, By End User
    7.1 Y-o-Y Growth Comparison, By End User
    7.2 Global Edge Computing Market Share Analysis, By End User
    7.3 Global Edge Computing Market Size and Forecast, By End User
    7.3. 1 Financial & Banking Industry
    7.3.2. Retail
    7.3.3. Healthcare & Life Sciences
    7.3.4. Industrial
    7.3.5. Energy & Utilities
    7.3.6. Telecommunications
    7.3.7 Others
    8Global Edge Computing Market, By Region
    8.1 Global Edge Computing Market Share Analysis, By Region
    8.2 Global Edge Computing Market Share Analysis, By Region
    8.3 Global Edge Computing Market Size and Forecast, By Region
    9 North America Edge Computing Market Analysis and Forecast (2022-2027)
    9.1 Introduction
    9.2 North America Edge Computing Market Share Analysis, By Component
    9.3 North America Edge Computing Market Size and Forecast, By Application
    9.4 North America Edge Computing Market Size and Forecast, By End User
    9.5 North America Edge Computing Market Size and Forecast, By Country
    9.5.1 U.S.
    9.5.2 Canada
    9.5.3 Mexico
    10EuropeEdge Computing Market Analysis and Forecast (2022-2027)
    10.1 Introduction
    10.2 Europe Edge Computing Market Share Analysis, By Component 
    10.3 Europe Edge Computing Market Size and Forecast, By Application 
    10.4 Europe Edge Computing Market Size and Forecast, By End User
    10.5 Europe Edge Computing Market Size and Forecast, By Country
    10.5.1 Germany
    10.5.2 France
    10.5.3 UK
    10.54. Rest of Europe
    11Asia Pacific Edge Computing Market Analysis and Forecast (2022-2027)
    11.1 Introduction
    11.2 Asia Pacific Edge Computing Market Share Analysis, By Component 
    11.3 Asia Pacific Edge Computing Market Size and Forecast, By Application 
    11.4 Asia Pacific Edge Computing Market Size and Forecast, By End User
    11.5 Asia Pacific Edge Computing Market Size and Forecast, By Country
    11.5.1 China 
    11.5.2 Japan
    11.5.3 India
    11.5.4. Rest of Asia Pacific
    12Latin America Edge Computing Market Analysis and Forecast (2022-2027)
    12.1 Introduction
    12.2 Latin America Edge Computing Market Share Analysis, By Component 
    12.3 Latin America Edge Computing Market Size and Forecast, By Application 
    12.4 Latin America Edge Computing Market Size and Forecast, By End User
    12.5 Latin America Edge Computing Market Size and Forecast, Country
    13Middle East Edge Computing Market Analysis and Forecast (2022-2027)
    13.1 Introduction
     13.2 Middle East Edge Computing Market Share Analysis, By Component 
    13.3 Middle East Edge Computing Market Size and Forecast, By Application 
    13.4 Middle East Edge Computing Market Size and Forecast, By End User
    13.5 Middle East Edge Computing Market Size and Forecast, By Country
    14Competitive Analysis
    14.1 Competition Dashboard
    14.2 Market share Analysis of Top Vendors
    14.3 Key Development Strategies
    15Company Profiles
    15.1 Cisco
    15.1.1 Overview
    15.1.2 Offerings
    15.1.3 Key Financials
    15.1.4 Business Segment & Geographic Overview
    15.1.5 Key Market Developments
    15.1.6 Key Strategies
    15.2. HPE
    15.2.1 Overview
    15.2.2 Offerings
    15.2.3 Key Financials
    15.2.4 Business Segment & Geographic Overview
    15.2.5 Key Market Developments
    15.2.6 Key Strategies
    15.3. HUAWEI
    15.3.1 Overview
    15.3.2 Offerings
    15.3.3 Key Financials
    15.3.4 Business Segment & Geographic Overview
    15.3.5 Key Market Developments
    15.3.6 Key Strategies
    15.4 DELL TECHNOLOGIES
    15.4.1 Overview
    15.4.2 Offerings
    15.4.3 Key Financials
    15.4.4 Business Segment & Geographic Overview
    15.4.5 Key Market Developments
    15.4.6 Key Strategies
    15.5 NOKIA
    15.5.1 Overview
    15.5.2 Offerings
    15.5.3 Key Financials
    15.5.4 Business Segment & Geographic Overview
    15.5.5 Key Market Developments
    15.5.6 Key Strategies
    15.6IBM
    15.6.1 Overview
    15.6.2 Offerings
    15.6.3 Key Financials
    15.6.4 Business Segment & Geographic Overview
    15.6.5 Key Market Developments
    15.6.6 Key Strategies
    15.7 AMAZON WEB SERVICES
    15.7.1 Overview
    15.7.2 Offerings
    15.7.3 Key Financials
    15.7.4 Business Segment & Geographic Overview
    15.7.5 Key Market Developments
    15.7.6 Key Strategies 
    15.8 FOGHORN SYSTEMS
    15.8.1 Overview
    15.8.2 Offerings
    15.8.3 Key Financials
    15.8.4 Business Segment & Geographic Overview
    15.8.5 Key Market Developments
    15.8.6 Key Strategies
    15.9 MACHINESHOP
    15.9.1 Overview
    15.9.2 Offerings
    15.9.3 Key Financials
    15.9.4 Business Segment & Geographic Overview
    15.9.5 Key Market Developments
    15.9.6 Key Strategies
    15.10 SAGUNA NETWORKS
    15.10.1 Overview
    15.10.2 Offerings
    15.10.3 Key Financials
    15.10.4 Business Segment & Geographic Overview
    15.10.5 Key Market Developments
    15.10.6 Key Strategies
    15.11SIXSQ
    15.11.1 Overview
    15.11.2 Offerings
    15.11.3 Key Financials
    15.11.4 Business Segment & Geographic Overview
    15.11.5 Key Market Developments
    15.11.6 Key Strategies