According to HTF Market Intelligence, the Edge Computing Market is Anticipated to grow at a CAGR of 28.4% during the forecast period.
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Definition:
Edge computing refers to a distributed computing paradigm in which data processing is performed near the source of data generation, rather than relying solely on a centralized cloud-based system. The concept of edge computing is designed to address the limitations of traditional cloud computing architectures, where data is sent to a centralized data center for processing and analysis.
Market Trends:
The proliferation of IoT devices and sensors has been a major driver for edge computing. As the number of connected devices continues to grow, organizations are leveraging edge computing to process and analyze data closer to the source, reducing latency and improving overall system performance.
Market Drivers:
The proliferation of Internet of Things (IoT) devices, such as sensors, cameras, and connected devices, has generated vast amounts of data. Edge computing is driven by the need to process and analyze this data closer to the source to reduce latency and improve efficiency.
Market Opportunities:
Offering services that facilitate seamless integration between edge computing and cloud platforms can be a valuable opportunity.
Market Leaders & Development Strategies:
On 9 May 2022, Google has announced the acquisition of MobiledgeX, with plans to open-source the code and run it on Google Cloud. MobiledgeX was a Deutsche Telekom-backed company that created GSMA-compliant federated telco edge cloud solutions. In a world first, at MWC22, the company (in collaboration with Bridge Alliance, Singtel, and Telefónica) successfully interconnected two heterogeneous multi-access edge computing (MEC) platforms as part of a GSMA Foundry Telco Edge Cloud trial.
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In order to provide a more informed view, Global Edge Computing research offers a snapshot of the current state of the rapidly changing industry, looking through the lenses of both end users and service providers/players of to come up with a more robust view.
Market Scope
Based on the type, the market segmented into : Hardware, Software, Services
Based on the End use application, the market segmented into : Smart Cities, Location Services, Analytics, Environmental Monitoring, Optimized Local Content, Data Caching, Augmented Reality, Others
Regional Landscape
Geographically, the Global Edge Computing market size by revenue is broken down by 18+ countries from North America, LATAM, the Middle East, Asia Pacific, Africa, and Europe based on various characteristics such as geographic footprints and business operation locations of players.
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Analysts at HTF MI sheds light on Global Edge Computing market data by Country
Asia-Pacific (Vietnam, China, Malaysia, Japan, Philippines, South Korea, Thailand, India, Indonesia, Australia, and Others)
Europe (Germany, Russia, the UK, Italy, France, Spain, Belgium, Netherlands, Switzerland, Nordic Nations, and the Rest of Europe.)
North America (the United States, Mexico, and Canada)
South America (Brazil, Argentina, Chile, Rest of South America)
The Middle East and Africa (GCC Countries, Turkey, Israel, South Africa, Egypt, and the Rest of MEA)
The Global Edge Computing study cites various market development activities and business strategies such as new product/services development, Joint Ventures, partnerships, mergers, and acquisitions, etc that Industry players such as Nokia Networks (Finland), Huawei Technologies Co., Ltd. (China), Juniper Networks, Inc. (United States), Dell, Inc. (United States), Cisco Systems Inc. (United States), Hewlett Packard Enterprise Developnt LP (United States), SixSq Sàrl (Switzerland) , FogHorn Systems (United States), Vasona Networks, Inc. (United States), MachineShop Inc. (United States), Saguna Networks Ltd. (Israel), Xiotech Corporation (United States), Aricent Inc. (United States), ADLINK Technology Inc. (United States) are utilizing to overcome macro-economic scenarios. The Global Edge Computing Market company profiles include Business Overview, Product / Service Offerings, SWOT Analysis, Segment & Total Revenue, Gross Margin, and % Market Share.
Extracts from Global Edge Computing Market Study
1. Market Snapshot
2. Global Edge Computing Market Factor Analysis
– Value Chain Analysis
– Growth Drivers, Trends, and Challenges
– Porter 5- Forces Analysis
– PESTEL Analysis
3. Global Edge Computing Market by Type (2019-2030) [Hardware, Software, Services]
4. Market by Applications/ End Users (2019-2030) [Smart Cities, Location Services, Analytics, Environmental Monitoring, Optimized Local Content, Data Caching, Augmented Reality, Others]
5. Global Edge Computing Market: Country Landscape
6. Market Size Breakdown for Each Country
7. Competitive Landscape
– Market Share Analysis by Players
– Company Profiles
……….. Continued
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Data Sources & Methodology
The primary sources involve the industry experts from the Global Edge Computing Market including the management organizations, processing organizations, and service providers of the industrial value chain. In the extensive research process undertaken for this study, the primary sources considered such as Postal Surveys, telephone, Online & Face-to-Face Surveys to obtain and verify both qualitative and quantitative aspects. When it comes to secondary sources Company’s Annual reports, press Releases, Websites, Investor presentations, Conference Call transcripts, webinars, Journals, Regulators, National Customs, and Industry Associations were used.
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