Edge Computing Market Growth and Development Insight – Size, Share, Growth, and Industry Analysis
MarkNtel Advisors recently published a detailed industry analysis of the Edge Computing Market. The report covers growth trends, geographical marketing strategies, challenges, opportunities, and drivers influencing the market.
Insights and Analysis of the Edge Computing Market (2024-2030)
The Global Edge Computing Market size was valued at USD 50.5 billion in 2022 and is estimated to grow at a CAGR of around 30% during the forecast period, i.e., 2024-30.
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What is driving the Edge Computing Market?
Growth of 5G Networks Augmenting Edge Computing Industry – Compared to earlier generations of mobile networks, 5G networks offer significantly faster data transfer rates, reduced latency, and improved network dependability. This makes data transfer between edge devices and centralized data centers more effective and seamless. The demand for edge computing solutions to handle and analyze the massive amounts of data created by IoT devices, smart sensors, and other connected devices at the edge of the network is rising as 5G becomes more widely used.
By processing data locally and eliminating the need to transport massive amounts of data back and forth to centralized servers, edge computing helps to relieve network congestion. Consequently, the infrastructure required to cloudedge support cutting-edge technologies like augmented reality, driverless cars, and smart cities is made possible by the combination of 5G and edge computing, fueling the revenue growth of the Global Edge Computing Market.
What segments define the Edge Computing Market from 2024 to 2030? How do these segments contribute to market dynamics and growth?
By Component
(Solution [Hardware {Sensors/Routers, Edge Nodes/Gateways}, Software, Platforms], Services),
By Application
(Connected Vehicles, Smart Devices, Remote Monitoring, Industrial Internet of Things, Augmented & Virtual Reality, Smart Cities, Content Delivery, Others),
By Organisation Size
(Small, Medium, Large),
By End-User
(Energy & Utilities, Healthcare & Lifesciences, Transportation & Logistics, Manufacturing, Retail & Consumer Goods, IT & Telecom, Government & Defense, Others)
Region
(North America, Europe, Asia-Pacific, South America, Middle East & Africa)
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Who are the leading key players shaping the Edge Computing Market landscape?
IBM Corporation, Amazon Web Services, Cisco Systems, Inc., Huawei Technologies Co. Limited, ABB Group, Intel Corporation, Microsoft Corporation, SAP SE, Hewlett Packard Enterprise Development LP, AT&T Inc., Rockwell Automation Inc., Atos SE, Digi International Inc., General Electric Company, ADLINK Technology Inc
Questions Addressed in this Study
1.What factors are driving the Edge Computing Market growth?
2.How is the Edge Computing Market expected to grow over the next five years?
3.What are the key insights into the current trends in the Edge Computing Market?
4.What is the current size of the Edge Computing Market, and how is it projected to change in the future?
6.What is the future outlook for the Edge Computing Market in terms of technological advancements and market expansion?
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Why MarkNtel Advisors?
MarkNtel Advisors is a leading research, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.
Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.
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