Global Edge Computing Market
Market Overview
The Global Edge Computing Market shows prospects of growing at a rate of 28.4 percent in the forecast period.
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Edge computing is a sub-sector of cloud computing that works closely with the Internet of Things devices. The sector has evolved and emerged as a mainstream IT sector and is set to grow further. As IOT devices and cloud platforms grow in demand for speed and distribution of services, the Global Edge Computing Market also looks at great growth prospects in the coming years. The edge computing sector is already a billion-dollar industry, thanks to recent trends of growth. The whopping CAGR for the decade will further increase the technology sector's market size and revenue flow.
Multiple factors are contributing to the growth of the Edge computing sector. The growth of the IT industry and the development of global IT infrastructure have brought in the prospects of simultaneous growth for the edge computing sector. Today, edge computing is applied in different segments. Even in different sectors of daily life, edge computing is finding usage. From hardware and software solutions, edge computing is applied in different sectors.
Since edge computing is still in its early phases of evolution, the forecast period is a great growth phase for the sector. This report discusses the Global Edge Computing Market, market segmentation, and regional analysis to give a better view of market trends and developments. Industry news is also discussed to bring an in-depth analysis of the market.
Regional Analysis:
Global Edge Computing Market Analysis by region gives a detailed view of the regional distribution of revenue in the market. Different regional markets contribute a major share of the revenue and profits of the edge computing sector. The major regional markets are North America, Europe, Asia Pacific, and the Rest of the World. The North America and Europe regions are leading in revenue and competitor presence for the sector.
Major regional markets show many opportunities for growth for the Edge Computing global sector and influence the CAGR of the market in the forecast period.
Market Segmentation:
Edge Computing Industry segmentation is discussed to understand the revenue distribution among different subsectors of the market. The Global Edge Computing Market Size divides majorly into different segments based on different criteria.
The Global Edge Computing Market divides by Technology into mobile edge computing and fog computing. The Global Edge Computing Market divides by deployment into cloud deployment and on-premise deployment too.
Moreover, the Global Edge Computing Market is also divided into software and hardware-based components. Another segment in the Global Edge Computing Market is solutions based on components.
The Global Edge Computing Market is divided into location-based, environment monitoring, and augmented reality sectors based on the applications segment.
The Global Edge Computing Market is divided into different end-user segments like education, hospitality, government, retail, and IT-based on industrial verticals. All the verticals are going to grow in the forecast period with a healthy CAGR.
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Industry News:
In December 2020, major competitors Samsung and IBM entered a collaboration to develop edge computing, create advanced networks for 5G deployment and cloud solutions for industries. The present edge computing industry develops through recent undertakings by stakeholders.
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