The global edge computing market was valued USD 3.2 billion in 2019. It is expected to grow at a CAGR of 28.4% for the period of 2020-2026.
Covid19 has impacted all the business over the globe. All the organizations are now operating remotely due to lockdown and social distancing norms. The business operating remotely needs to technologies such as 5G, Edge computing and IoT to perform their function efficiently. Edge computing is also helping medical teams to reach its patient efficiently and quickly.
For more details, visit: Global Edge Computing Market By Component (Hardware, Software, Others), By Vertical (Retail, Energy & Utilities, Others), By Organization Size (Large enterprises, Small Middle Enterprises), By Region–Forecast & Opportunities to 2026
The Subscribers of Netflix, Amazon prime etc. has been increasing rapidly. The edge computing enables streaming companies to improve their network performance for giving users a better and improved experience. The increasing subscriber of OTT platform is creating huge market opportunity for edge computing.
On the basis of component, the edge computing market has been segmented into hardware, edge- managed platform software and solution. The hardware segment has registered a highest market share in the year 2019. The demand for the cloud based application has been rising where server plays a crucial role, it operates as a backbone of the services on which user are dependent.
On the basis of vertical the edge computing market has been segmented into retail, energy & utilities, transportation and logistics, healthcare, agriculture, datacenters, smart cities & smart buildings, and industrial. The energy & utilities sector has shared largest revenue in the year 2019. A large amount of data generated by distributed stations which generates energy, needs to be analyzed and processed as fast as possible for efficient data driven decision making.
Based on organization size the edge computing marketing segmented into Small medium enterprises and large enterprises. Large enterprises segment is estimated to register growth at highest CAGR during forecast period. The large enterprises are adopting edge computing solution immensely. The use of edge computing solution is expected to increase during the forecast period.
In 2019, North America has accounted for highest market share of XX%. This region is moving toward connected factories due to advancement of technologies and emphasis on edge computing with industrial internet of things.
The key players in edge computing market are ABB, Aricent Inc, AWS Inc, Atos SE, Belden Inc, Cisco, Digi International, General Electric Company, Hewlett Packard, Honeywell, Huawei technology, IBM corp., Intel corp., Microsoft corp., SAP SE, and Moxa Inc.
- What are the expected industry trends over the next three to five years?
- Which of the edge computing organization size is likely to lead by 2025?
- Which of the vertical segments is expected to have the maximum potential to during the forecast period?
- Which region is going to have the highest smart meters market share by 2025?
- What are different organic and inorganic strategies implemented by companies to gain increased market share?