Edge Computing Market Scope 2023:
The Edge Computing Market has witnessed significant growth over the past few years and is expected to continue its momentum in the coming years. Edge computing involves processing data near the source or the edge of the network, rather than sending it to centralized data centers for processing. This approach offers several advantages, including reduced latency, improved bandwidth utilization, and enhanced security. The increasing adoption of IoT devices, the rise of big data analytics, and the need for real-time data processing are some of the key drivers of the Edge Computing market. In addition, the deployment of 5G networks and the growing demand for low-latency applications such as autonomous vehicles, virtual reality, and augmented reality are also expected to drive the growth of the Edge Computing market.
The Edge Computing market is highly competitive, with several established players and new entrants vying for market share. These companies are investing heavily in research and development to offer innovative solutions and stay ahead of the competition. In addition, partnerships, collaborations, and mergers and acquisitions are also common in the Edge Computing market, as companies seek to expand their product offerings and customer base.
“According to SNS insider, the Edge Computing Market Size is estimated at US$ 8.51 billion in 2022, and is expected to reach US$ 103.84 billion by 2030, with a growing healthy CAGR of 36.7% over the forecast period 2023-2030.”
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The Edge Computing market research includes a comprehensive examination of the global market as well as a SWOT analysis of the industry’s most significant competitors. Market statistics such as revenue, sales, price, capacity, regional market analysis, segment-by-segment data, and market forecast information, among other things, are included in the complete study. The leading manufacturers in the global market are examined in this report, with sales, price, revenue, and market share for each manufacturer being assessed during the market study.
The research comprises an in-depth analysis of driving forces, opportunities, restrictions, and problems in order to gain a comprehensive picture of the market. The study examines all of the important elements that influence the growth of the Edge Computing industry. The purpose of the research is to provide a comprehensive analysis of the worldwide market, complete with actionable insights, historical data, facts, industry-validated figures, and strategies based on a sound set of assumptions and methodology. By identifying and assessing market categories as well as estimating global market size, the study also contributes to the dynamic structure of the global market.
Major Key Players Analysis are covered in Edge Computing Market Report are listed below:
- Amazon Web Services (AWS)
- AT&T Inc
- Cisco Systems Inc
- Dell Inc
- Fujitsu Limited
- Huawei Technologies Co. Ltd
- IBM Corporation
- Hewlett Packard Enterprise (HPE)
- Microsoft Corporation
- Nokia Corporation
Edge Computing Market Segmentation Analysis
This global Edge Computing market report provides readers with an overview of current market trends, drivers, constraints, and metrics, as well as a look at key segments. Forecasts for product and service demand growth are also examined in the study. A thorough segmental review is also a part of the research strategy. North America, Latin America, Asia-Pacific, Europe, the Near East, and Africa are among the regions where the industry is examined. The study looks at characteristics of regional market growth as well as key players who control regional growth.
In addition, the study looks at the competitive landscape’s by-product, financial status, price, product portfolio, growth strategies, and geographical presence of major competitors. A PEST analysis, a PORTER’s analysis, and a SWOT analysis are also included in the study to help stockholders prioritize their efforts and investments in the developing segment of the global Edge Computing market.
Major Segments and Sub-Segment of Edge Computing Market are Listed Below:
On The Basis of Component
- Edge-managed Platforms
On The Basis of Application
- Remote Monitoring
- Content Delivery
- Video Analytics
On The Basis of Industry Vertical
- Energy & Utilities
- Transportation & Logistics
- Smart Cities, Smart Homes, Smart Buildings
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In this study, the years considered to estimate the market size of Edge Computing are as follows:
- History Year: 2019-2021
- Base Year: 2022
- Estimated Year: 2023
- Forecast Year 2023 to 2030
Regional Analysis Covered in this report:
- North America [United States, Canada]
- Europe [Germany, France, U.K., Italy, Russia]
- Asia-Pacific [China, Japan, South Korea, India, Australia, China Taiwan, Indonesia, Thailand, Malaysia]
- Latin America [Mexico, Brazil, Argentina]
- Middle East & Africa [Turkey, Saudi Arabia, UAE]
COVID-19 Impact Analysis
The research investigates the impact of COVID-19 lock-down on the revenue of Edge Computing market leaders, followers, and disruptors. The impact varies by region and segment due to the fact that lockdown was implemented differently in different locations and countries. The current short and long-term impact on the market has been covered in the research, which will aid decision makers in developing a framework for short and long-term enterprise plans by region. The impact of the pandemic on the target market will aid market participants in reducing negative consequences and seizing new opportunities.
Table of Contents – Major Key Points
- Research Methodology
- Market Dynamics
- Impact Analysis
- Value Chain Analysis
- Porter’s 5 Forces Model
- PEST Analysis
- Edge Computing Market Segmentation, By Component
- Edge Computing Market Segmentation, By Application
- Edge Computing Market Segmentation, By Industry Vertical
- Regional Analysis
- Company Profiles
- Competitive Landscape
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