The global edge computing market was valued at US$ 6.46 Bn. in 2021. Edge computing adds a layer of complexity to the organization by requiring a diverse set of stakeholders to handle IT infrastructure, connectivity, application development, traffic delivery, and service management. Edge also brings together hardware, software, and networking architecture to support a wide range of use cases across a variety of industries. An edge is projected to generate significant growth potential for new entrants in the near future, as the technology is still in its early stages of research and deployment and operational models have yet to solidify.
Edge Computing Market Size in 2021 was worth US $ 6.46 Bn. at a CAGR of 38.2 % and it is expected to reach US $ 86.06 Bn. in 2029.
Edge Computing Market Overview:
Edge Computing The market research report explores and evaluates the market's position during the predicted period. It is in-depth study focusing on fundamental and secondary drivers, market share, leading segments, and geographical analysis. The research also looks at notable individuals, large collaborations, mergers and acquisitions, as well as contemporary innovation and corporate strategy.
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Edge Computing Market Scope:
We examined the Edge Computing Market from every angle conceivable, including both primary and secondary research approaches. This improved our grasp of current market dynamics, such as supply-demand imbalances, pricing trends, product preferences, and customer behaviours. Following that, the data is collated and evaluated using a variety of market estimation and data validation procedures. In addition, we have an in-house data forecasting engine that predicts market growth until 2027.
Following the completion of market engineering, which comprised market statistics, market size estimations, market forecasts, market breakdown, and data triangulation, significant primary research was done to acquire information to verify and validate important numbers. To undertake market estimating and forecasting for the overall market segments and sub-segments described in this research, top-down and bottom-up tactics, as well as different data triangulation procedures, were often employed throughout the market engineering process. Extensive qualitative and quantitative analysis is performed on all data obtained during the market engineering process in order to provide essential information throughout the report.
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Edge Computing Market Segmentation:
The smart city segment is expected to hold the highest proportion of xx% in 2021, according to the application. Because of edge computing, manufacturers have been able to digitise their facilities. Device edge deployments make up a large amount of edge computing in the manufacturing industry. Demand for edge infrastructure capabilities is anticipated to increase as service complexity increases and the infrastructure edge becomes more reachable. The Industry 4.0 initiative also creates a framework for production adjustments in reaction to market shifts, paving the way for edge deployment.
Edge Computing Market Key Players:
• Huawei
• Vasona Networks
• Foghorn Systems
• Cisco Systems
• Dell
• Machineshop
• Nokia Networks
• Sixsq
• Saguna Networks
• Aricent
• Adilink Technology
• Juniper Networks, Inc.
• Hewlett Packard Enterprise Development LP
• SixSq Sàrl (Switzerland), FogHorn Systems
• MachineShop Inc.
• Vapor IO (US)
• Xiotech Corporation
• Mirror Image
• Microsoft Corporation
• IBM Corporation
• Cisco Systems Inc.
• Google Inc.
• Hewlett Packard Enterprise Company
• Intel Corporation
• Schneider Electric SE
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Secondary research is used to identify industry leaders, and primary research is utilised to estimate market revenue. In-depth interviews with important thought leaders and industry experts, such as seasoned front-line staff and marketing personnel, were conducted as part of the main research. The core study included in-depth interviews with key thought leaders and industry experts such as experienced front-line employees, CEOs, and marketing personnel. In-depth interviews with important thought leaders and industry professionals such as experienced front-line staff, CEOs, and marketing personnel were conducted as part of the primary study.. The players highlighted in this report are as follows:
Regional Analysis:
The study covers both qualitative and quantitative data and offers a comprehensive look into the Edge Computing industrial sector by area. It gives an overview and forecast of the worldwide Edge Computing market by segment. It also forecasts and predicts market sizes for five important regions between 2021 and 2027: North America, Europe, Asia-Pacific, the Middle East, Africa, and South America. Each area's Edge Computing market is further subdivided into regions and sectors. The research examines and forecasts a wide range of countries, as well as existing industry trends and prospects.
COVID-19 Impact Analysis on Edge Computing Market:
We investigated and analyzed the Edge Computing Business Expansion Strategy post-COVID-19, using organisational strategic analysis, landscape, category, utilization, and leading countries to encapsulate and analyze the Edge Computing industry's potential, providing statistical data on market trends, growth regulators, major challenges, PORTER analysis, and market entry strategy analysis, prospects, and forecasts. The fundamental purpose of the research is to offer industrial firms a strategic analysis of the impact of COVID-19. Simultaneously, this study assessed significant countries' markets and highlighted their market potential in post-pandemic scenarios.
Key Questions Answered in the Edge Computing Market Report are:
Which product categories, End Users, and Regions provide the most potential high-growth possibilities in the worldwide Edge Computing sector?
Which Edge Computing market categories will grow the most rapidly, and why?
Which regions will have the most rapid development, and why?
What are the main factors impacting Edge Computing market dynamics? What are the main drivers and challenges in the Edge Computing market?
What are the Edge Computing market's vulnerabilities and threats?
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