Press release
New innovation in Global Edge Computing Market: remarkable growth with latest technology trends by top players such as Microsoft Corporation, IBM, Google, Amazon, SAP, Oracle, Huawei Technologies Co. Ltd, and Intel.
The global edge computing market is forecasted to reach USD 8.96Bn by 2023, expanding at CAGR of 32.6%. Edge computing brings data processing nearer to IoT sensors, to decrease latency and improve efficiency. The internet of things are driven by huge volumes of data generated from activities in our day-to-day lives. Collecting, sending, and processing the massive quantities of data requires companies to act intelligently, quickly, and make better business decisions. Edge computing is a network of data centers that store and process data locally before sending them or cloud. It optimizes computing to avoid disruptions in sending and receiving data.
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The global edge computing market is further classified into applications and end users. Based on applications, it is further sub-classified into smart cities, smart factories, connected healthcare, connected vehicles, smart grids, and other. Other applications include edge computing in gaming and e-commerce. Smart cities holds the most significant market share. The rising trend of urbanization is expected to initiate smart city projects to resolve various urban problems using ICT as a base. This will result in the increased application of edge computing in this domain.
Based on end users industries, edge computing networks will be used in the manufacturing sector, energy and utility sector, IT and telecommunication, healthcare and life sciences, and consumer appliances. The IT and telecommunication sector is expected to grab the most significant market share and expand at the highest CAGR. Edge computing is expected to play an active role in LTE networks and assets , as well as the 5G revolution.
By regions, the market is divided into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. North America would secure the highest demand. Edge computing is the crucial factor in the IOT trend in this region. Asia-Pacific is expected to grow at the highest CAGR. The region is expected to grow at a CAGR of 40.5%.
Key growth factors
The rising number of devices that are connected to artificial intelligence require a lot of real-time analysis. Relying on traditional cloud computing is difficult. That is why it is predicted that edge computing would be the next big trend after cloud.
To avoid network congestions, service providers are deploying a system on the internet that caches the information close to the users by duplicating the content on multiple servers. This is an example of edge computing.
Threats and key players
The crucial challenges faced in deploying edge computing are complications in discovering the edge nodes, and uncompromising quality of services and quality of experiences
The key players in the North America edge computing market are Cisco Systems, Inc, Microsoft Corporation, IBM, Google, Amazon, SAP, Oracle, Huawei Technologies Co.Ltd, and Intel.
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Chapter 1: Executive summary
1.1. Market scope and segmentation
1.2. Key questions answered in this study
1.3.1. Executive summary (i)
1.3.2. Executive summary (ii)
1.3.3. Executive summary (iii)
1.3.4. Executive summary (IV)
1.3.5. Executive summary (v)
1.3.5. Executive summary (VI)
Chapter 2: Global edge computing market overview
2.1. Global - market overview
2.2. Global-market drivers
2.3. Global-market trends
2.4. Global-market challenges
2.5. Value chain
2.6.1. Global applications (smart city)-historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), drivers, trends
2.6.2. Global applications (smart factory)-historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), drivers, trends
2.6.3. Global applications (connected healthcare)-historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), drivers, trends
2.6.4. Global applications (connected vehicle)-historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), drivers, trends
2.6.5. Global applications (smart grid)-historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), drivers, trends
2.6.6. Global applications (other)-historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), drivers, trends
2.7.1. Global end-user industries (manufacturing)-historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), drivers, trends
2.7.2. Global end-user industries (energy and utility)-historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), drivers, trends
2.7.3. Global end-user industries (IT and telecommunications)-historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), drivers, trends
2.7.4. Global end-user industries (healthcare and life science)-historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), drivers, trends
2.7.5. Global end-user industries (consumer appliance)-historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), drivers, trends
2.7.6. Global end-user industries (transportation and logistics)-historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), drivers, trends
Chapter 3: North America edge computing market overview
3.1. North America edge computing market-historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), drivers, trends and challenges
3.1.1. North America applications (smart city)-historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
3.1.2. North America applications (smart factory)-historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
3.1.3. North America applications (Connected healthcare)-historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
3.1.4. North America applications (Connected vehicle)-historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
3.1.5. North America applications (smart grid)-historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
3.1.6. North America applications (other)-historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
3.2.1. North America end-user industries (manufacturing)-historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
3.2.2. North America end-user industries (energy and utility)-historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
3.2.3. North America end-user industries (IT and telecommunication)-historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
3.2.4. North America end-user industries (healthcare and life sciences)-historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
3.2.5. North America end-user industries (consumer appliance)-historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
3.2.6. North America end-user industries (transportation and logistics)-historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
Chapter 4: Europe edge computing market overview
4.1. Europe edge computing market-historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), drivers, trends and challenges
4.1.1. Europe applications (smart city)-historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
4.1.2. Europe applications (smart factory)-historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), Key observations
4.1.3. Europe applications (connected healthcare)-historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
4.1.4. Europe applications (Connected vehicle)-historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
4.1.5. Europe applications (smart grid)-historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
4.1.6. Europe applications (others)-historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
4.2.1. Europe end-user industries (manufacturing)-historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
4.2.2. Europe end-user industries (energy and utility)-historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
4.2.3. Europe end-user industries (IT and telecommunication)-historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
4.2.4. Europe end-user industries (healthcare and life science)-historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
4.2.5. Europe end-user industries (consumer appliance)-historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
4.2.6. Europe end-user industries (transportation and logistics)-historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
Chapter 5: Asia-Pacific edge computing market overview
5.1. Asia-Pacific edge computing market-historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), drivers, trends and challenges
5.1.1. Asia-Pacific applications (smart city)-historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
5.1.2. Asia-Pacific applications (smart factory)-historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), Key observations
5.1.3. Europe applications (connected healthcare)-historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
5.1.4. Asia-Pacific applications (connected vehicle)-historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
5.1.5. Asia-Pacific applications (smart grid)-historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
5.1.6. Asia-Pacific applications (other)-historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
5.2.1. Asia-Pacific end-user industries (manufacturing)-historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
5.2.2. Asia-Pacific end-user industries (energy and utility)-historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
5.2.3. Asia-Pacific end-user industries (IT and telecommunication)-historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
5.2.4. Asia-Pacific end-user industries (healthcare and life science)-historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
5.2.5. Asia-Pacific end-user industries (consumer appliance)-historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
5.2.6. Asia-Pacific end-user industries (transportation and logistics)-historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
…
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