Global Edge computing Market Expected to Reach $123.89 billion by 2030| Business Intelligence Insights (BII)

Publisher Name : Business Intelligence Insights (BII) Publish Date : 2022-01-14  

     

As per Business Intelligence Insights (BII) study, the global Global Edge computing Market attained revenue growth of USD 34.10 billion in 2021 and it is projected to reach around USD 123.89 billion by 2030, growing at a 17.50% CAGR.

Edge computing use cases have outpaced initial infrastructure deployments, and new edge computing use cases and infrastructure investments are expected to grow over the upcoming years. The growth of industrial IoT and increased pressure on cloud infrastructure are driving the expansion of the edge computing market during the forecast period. Besides, high procurement and operational cost is expected to challenge the market growth during the forecast period. In addition, the edge computing market is expected to increase due to factors such as decreasing costs of computation mediums and hardware components.

Furthermore, the introduction of the 5G network, as well as multiple frameworks and languages for IoT applications, are expected to provide significant growth opportunities in the upcoming years. Edge computing supports real-time applications in monitoring and processing acquired data, which is another important factor driving market demand. However, the expansion of the edge computing market is likely to be hampered by more local hardware and higher maintenance costs. Also, the government of India is making efforts and launching various initiatives to develop the infrastructure for edge computing.

 

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Global Edge computing Market: Companies Mentioned

•  Cisco (US)
•  HPE(US)
•  Huawei (China)
•  BM(US)
•  Dell Technologies (US)
•  Nokia (Finland)
•  Litmus Automation (US)
•  AWS(US)
•  Foghorn (US)
•  Microsoft (US)
•  VMWare (US)
•  Six’s (Switzerland)
•  Edge (US)
•  Sauna (Israel) 
•  Vapor IO(US)

Key Highlights of the Report

•  Industrial Internet of Things (IIoT) application segment captured a revenue share of over 31% in 2021, Manufacturers have been able to achieve digitization of their facilities because of edge computing. A substantial part of edge computing in the manufacturing sector is implemented as device edge. As service complexity increases and the infrastructure edge becomes more accessible, demand for edge infrastructure capabilities is expected to rise.

•  Healthcare Sector is growing with the highest revenue share of 25 % in the edge computing market over the upcoming years. The healthcare industry has characteristically been conservative when it comes to the adoption of digital technologies. However, as the healthcare industry becomes more digital, hospitals and clinics are increasingly implementing digital health strategies, with varying levels of maturity and success. Clinics and hospitals are integrating edge computing solutions across major use applications, such as remote patient care and healthcare record management, to support these objectives.

 The North America Edge Computing market increased rapidly in both developed and developing countries. North America accounted for the largest revenue share of more than 44% in 2021. Several startups have also developed to provide platforms for developing edge-enabled solutions, which is anticipated to fuel the regional market. Several startups have also developed to provide platforms for developing edge-enabled solutions, which is anticipated to fuel the regional market. Similarly, the growth of the Edge Computing market is expected to exhibit a considerable increase in the healthcare services in the next years, particularly in Asia Pacific and Europe.

•  The report contains qualitative and quantitative research on the global Edge Computing Market, as well as detailed insights and development strategies employed by the leading competitors. The report also provides in-depth analysis of the market's main competitors, as well as information on their competitiveness. The research also identifies and analyses important business strategies used by these main market players, such as mergers and acquisitions (M&A), affiliations, collaborations, and contracts. The study examines, among other things, each company's global presence, competitors, service offers, and standards.

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Revenue-generating Segment Highlights

"Based on the Components:
•  Hardware
•  Software
•  Services

Based on the Application:
•  Smart Cities
•  Industrial Internet of Things (IIoT)
•  Remote Monitoring
•  Content Delivery
•  Augmented Reality (AR) and Virtual Reality (VR)
•  Others (autonomous vehicles, drones, and gaming)

Based on the Organization Size:
•  Large Enterprises
•  SMEs

Based on the Verticals:
•  Manufacturing
•  Energy and Utilities
•  Government and Défense
•  Telecommunications
•  Media and Entertainment
•  Retail and Consumer Goods
•  Transportation and Logistics
•  Healthcare and Life Sciences
•  Others (BFSI and Education)"

By Region
•  North America
o  U.S.
o  Canada
•  Europe
o  Germany
o  U.K.
o  France
o  Italy
o  Spain
o  Rest of Europe
•  Asia Pacific
o  China
o  India
o  Japan
o  Rest of Asia Pacific
•  Latin America
o  Brazil
o  Mexico
o  Rest of Latin America
•  Middle East and Africa
o  UAE
o  South Africa
o  Rest of Middle East and Africa (MEA)

Ready to generate outstanding revenue opportunities with Business Intelligence Insights (BII)’ exclusive Global Edge computing Market study. Highlights of the overall market will be included in the research, as well as frequently asked questions such as –

•  What are the historical and projected revenue figures, as well as the CAGR, for the forecast period?
•  What is the current trend taking place in the market space?
•  What are the business techniques that will influence competitive scenarios as well as the market's growth potential?
•  What market drivers, restraints, and challenges are influencing market demand and growth?
•  In the approaching years, which regions and segments will generate significant revenue and emerge as industry leaders?

The Global Edge computing Market report's competitive scenario examines, assesses, and positions firms based on a variety of performance characteristics. The financial performance of organizations over the last few years, growth plans, product innovations, new product launches, investments, market share growth, and so on are some of the elements analysed in this research. Don't wait any longer; take a comprehensive approach and achieve your business objectives with our Global Edge computing Market Forecast Report 2022- 2028 - Order Now!

About Us

Business Intelligence Insights is the global provider of market intelligence, consultancy services, and syndicated & customized reports. We are focused on assisting business leaders and suppliers in making decisions by providing timely and insightful market research and consulting services. We offer global, and regional expertise in technology, industry, opportunities, trends, industry analysis, market data, and strategic guidance. Our analysis and insight help business professionals, executives, and investors make fact-based technology decisions and achieve their key business objectives. Our reports are featured distinct research approaches, rigorous methodologies, and comprehensive sector coverage.

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