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Edge Computing Market Insights | Key players: Nokia Networks, Huawei, Dell, HPE and Cisco

03-12-2019 02:01 PM CET | IT, New Media & Software

Press release from: MarketsandMarkets

Edge Computing Market Insights | Key players: Nokia Networks,

According to recent research "Edge Computing Market by Component (Hardware, Platform, Solutions), Application (Smart Cities, Location Services, Analytics, Augmented Reality), Organization Size (SME, Large Enterprises), Vertical, and Region - Global Forecast to 2022", The edge computing market size is expected to grow from USD 1.47 Billion in 2017 to USD 6.72 Billion by 2022, at a Compound Annual Growth Rate (CAGR) of 35.4% during the forecast period. Growing load on the cloud infrastructure, wide range of applications in different industries, and increase in the number of intelligent applications are the driving factors for the edge computing market.

Browse 60 Market Data Tables and 27 Figures spread through 129 Pages and in-depth TOC on "Edge Computing Market”
https://www.marketsandmarkets.com/Market-Reports/edge-computing-market-133384090.html?utm_source=Openpr

Telecom and IT vertical is expected to contribute to the largest market share during the forecast period

With a voluminous rise in data generated from millions of subscribers streaming terabytes of videos, music, and social networking every day, enterprises are facing various challenges, such as high network load and increasing demand for network bandwidth. To overcome these challenges, enterprises are significantly focusing on optimizing and densifying their Radio Access Network (RAN). Thus, to enhance the user experience and better utilize the bandwidth, the edge computing solution is a feasible option. The edge computing solution allows operators to optimize the traffic within the prevailing radio conditions, enhance the service quality, and improve the network efficiency. Traditionally, computational power was centralized at the core network, but in the edge computing solution, data collection, and processing and storage take place at the edge of the network. Mobile Edge Computing (MEC) environment provides real-time radio information, which can be used by applications and services to optimize content delivery and utilize the network efficiently. Moreover, it enables Mobile Network Operators (MNOs) to quickly deploy various monetizing services for content delivery, IoT, retail, and enterprise applications.

The SMEs segment for edge computing is expected to grow at the highest CAGR during the forecast period.

SMEs have been majorly dependent on data centers to process and analyze their data. However, budget constraints have been a major obstacle for SMEs to adopt data center services. Transferring and processing the data over the cloud increases the operational costs. Edge computing facilitates SMEs to collect, process, and store data at the edge of the network closer to the source, thus reducing the operational costs.

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Rapid adoption of edge computing due to a strong and well-established economy makes North America the largest market in terms of global share

North America is said to be the largest contributor among all the other regions in the edge computing market. The top countries contributing to the growth of the edge computing market in North America include the US and Canada, out of which, about three-fourths of the market share is said to be contributed by the US alone. The market in North America is expected to have a slow growth rate by 2022 compared to the other regions, as the edge computing market in the region is well-established and stagnant.

The North American regions provide a suitable environment for startups and SMEs, in terms of government regulations and compliance. Owing to this, enterprises are growing rapidly in this region and have a heavy demand for edge computing. Therefore, the North American region is said to have the highest market share in the edge computing market.

The major trends responsible for the growth of edge computing market in the North American region include the growing number of devices and the dependency on IoT devices, the need for faster processing, the increase in cloud adoption, and the increase in pressure on networks.

The major vendors operating in the edge computing space include Nokia Networks (Finland), Huawei (China), Juniper Networks (US), Dell (US), Cisco Systems (US), HPE (US), SixSq Sàrl (Switzerland), FogHorn Systems (US), Vasona Networks (US), MachineShop Inc. (US), Saguna Networks (Israel), Vapor IO (US), Xiotech (US), Mirror Image (US), Aricent (US), and ADLINK Technology (US).

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MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets

Mr. Shelly Singh
MarketsandMarkets™ INC.
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Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
Email: newsletter@marketsandmarkets.com

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