Press release
Global Edge Computing Market is Expected to Thrive at a CAGR of 42.3% by 2023 | Top Key Players - Amazon Inc., General Electric, Microsoft Incorporation, Intel Corporation, SAP SE Corporation
The edge computing market is forecasted to thrive at 42.3% CAGR to reach at a notable market value by the end of 2023. Edge computing has been around for decades and as the new advances are being made in the field of cloud computing, distributed computing, big data, and others, this is making the technology more promising & creating opportunities for the industrial organizations. Edge computing helps in collecting, processing, and storing the IoT (internet of things) generated data. Edge computing is a solution for better network efficiency and enhance service quality. It covers a wide range of technologies including wireless sensors networks, mobile data acquisition, analysis cooperative networking, fog computing, greed mesh computing, AR & VR (augmented reality and virtual reality) and others. It is also known as self-healing computing, and greed computing.
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Growth Drivers & Restrain
In this advanced technological era, the world is moving towards the digitization which is is boosting the market growth of edge computing. Government initiatives to promote digitization is one of the major factors that are positively influencing the growth of the edge computing market. Besides this, rising adoption of smart devices and growing investments in cloud computing and IoT technologies are the key factors stimulating the growth of the market. Edge computing works in various ways and contributes significantly in IT (Information Technology), architectures and in different fields. Additionally, the IT & telecommunication segment is anticipated to contribute toward the growth of the market as the number of telecommunication subscribers is increasing. The development of 5G telecommunication technology is expected to play a significant role in accelerating the adoption of edge computing technology in the coming years.
By applications, the healthcare & life sciences segment is anticipated to be the fastest-growing segment over the forecast period. Since, edge computing provides real-time screening of the patient and avoids delays, thus driving the demand for the technology in the healthcare & life sciences. Technological innovations in the telecommunications sector have paved way for 5G network, which requires high bandwidth and low latency that are provided by edge computing solutions. This factor has allowed the mobile computing segment to dominate the other segments in technology segment. In terms of region, the North America is the strongest region for the edge computing market. The availability of better technology infrastructure and reliable network connectivity across this region has encouraged the growth of the market more in this country as compare to other countries.
However, the major restraint which firms can face is in the field of data security & privacy preserving during collecting and processing data. Apart from this, challenges associated with configuration of system is another considerable barrier, which is expected to hinder the growth of edge computing market.
Segmentation
The research offers a comprehensive analysis of edge computing market with respect to following sub-markets:
By Application
- IOT (internet of things)
- Video Surveillance
- AR & VR (augmented reality and virtual reality)
- Data Caching
- Others
By Component
- Hardware
- Software
By End-User
- Manufacturing
- Surveillance
- Gaming & Media
- Government
- Energy & Utilities
- IT & Telecom
- Healthcare & Life Sciences
- Consumer Appliances
- Military
- Transportation
- Others
By Technology
- Mobile Edge Computing
- Fog Computing
By Geography
North America (U.S. & Canada)
Europe (Germany, United Kingdom, France, Italy, Spain, Russia and Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Indonesia, Taiwan, Australia, New Zealand and Rest of Asia Pacific)
Latin America (Brazil, Mexico, Argentina and Rest of Latin America)
Middle East & Africa (GCC, North Africa, South Africa and Rest of Middle East & Africa)
Competitive landscape
The report profiles various major market players such as,
- Amazon Inc.
- General Electric
- Microsoft Incorporation
- Intel Corporation
- SAP SE Corporation
- Alphabet Inc.
- IBM Corporation
- Huawei Technologies Corporation
- Integrated Device Technology Inc.
- ADLINK Technologies Inc.
- Facebook Inc.
- Qualcomm Incorporated
- Other Major & Niche Key Players
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Table of Contents@
Research Methodology
Market Definition and List of Abbreviations
1. Executive Summary
2. Growth Drivers & Barriers in Global Edge computing Market
3. Global Edge computing Market Trends
4. Opportunities in Global Edge computing Market
5. Recent Industry Activities, 2018
6. Porter's Five Forces Analysis
7. Global Edge computing Market Value (USD Billion) Forecast & Y-o-Y Growth Analysis, 2017-2023
8. Global Edge computing Market Segmentation Analysis, By Application
8.1. Introduction
8.2. Market Attractiveness, By Application
8.3. BPS Analysis, By Application
8.4. IOT (internet of things) Market Value (USD Billion) Forecast & Y-o-Y Growth Analysis, 2017-2023
8.5. Video Surveillance Market Value (USD Billion) Forecast & Y-o-Y Growth Analysis, 2017-2023
8.6. AR & VR (augmented reality and virtual reality) Market Value (USD Billion) Forecast & Y-o-Y Growth Analysis, 2017-2023
8.7. Data Caching Market Value (USD Billion) Forecast & Y-o-Y Growth Analysis, 2017-2023
8.8. Others Market Value (USD Billion) Forecast & Y-o-Y Growth Analysis, 2017-2023
9. Global Edge computing Market Segmentation Analysis, By Component
9.1. Introduction
9.2. Market Attractiveness, By Component
9.3. BPS Analysis, By Component
9.4. Hardware Market Value (USD Billion) Forecast & Y-o-Y Growth Analysis, 2017-2023
9.5. Software Market Value (USD Billion) Forecast & Y-o-Y Growth Analysis, 2017-2023
10. Global Edge computing Market Segmentation Analysis, By End-User
10.1. Introduction
10.2. Market Attractiveness, By End-User
10.3. BPS Analysis, By End-User
10.4. Manufacturing Market Value (USD Billion) Forecast & Y-o-Y Growth Analysis, 2017-2023
10.5. Surveillance Market Value (USD Billion) Forecast & Y-o-Y Growth Analysis, 2017-2023
10.6. Gaming & Media Market Value (USD Billion) Forecast & Y-o-Y Growth Analysis, 2017-2023
10.7. Government Market Value (USD Billion) Forecast & Y-o-Y Growth Analysis, 2017-2023
10.8. Energy & Utilities Market Value (USD Billion) Forecast & Y-o-Y Growth Analysis, 2017-2023
10.9. IT & Telecom Market Value (USD Billion) Forecast & Y-o-Y Growth Analysis, 2017-2023
10.10. Healthcare & Life Sciences Market Value (USD Billion) Forecast & Y-o-Y Growth Analysis, 2017-2023
10.11. Consumer Appliances Market Value (USD Billion) Forecast & Y-o-Y Growth Analysis, 2017-2023
10.12. Military Market Value (USD Billion) Forecast & Y-o-Y Growth Analysis, 2017-2023
10.13. Transportation Market Value (USD Billion) Forecast & Y-o-Y Growth Analysis, 2017-2023
10.14. Others Market Value (USD Billion) Forecast & Y-o-Y Growth Analysis, 2017-2023
Continue…
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