Edge Computing Market to Reach US$ 6.72 Billion Growing at CAGR 35.4% by 2022

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The Edge Computing Market size is estimated to grow from US$ 1.47 Billion in 2017 to US$ 6.72 Billion by 2022, at an estimated CAGR of 35.4%. This report spread across 129 pages, profiling 16 companies and supported with 60 tables and 27 figures is now available in this research.
Top Vendors in the Edge Computing Market include are Nokia Networks (Finland), Huawei (China), Juniper Networks (US), Dell (US), Cisco Systems (US), HPE (US), SixSq Sàrl (Switzerland), FogHorn Systems (US), Vasona Networks (US), Machine Shop Inc. (US), Saguna Networks (Israel), Vapor IO (US), Xiotech (US), Mirror Image (US), Aricent (US), and ADLINK Technology (US).

“Smart Cities segment is expected to hold the major market share during the forecast period”
Smart Cities projects are expected to gain traction in the coming years across geographies. Smart cities comprise multitude of applications that require low latency and high bandwidth requirement to accomplish tasks successfully. Edge computing brings the computing capabilities at the edge of the network, thereby reducing the latency and facilitating applications with faster responses.

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“Small and Medium Enterprises (SMEs) segment is expected to grow at the highest CAGR during the forecast period”
The SMEs segment is expected to grow at a higher CAGR during the forecast period. Small enterprises face greater resource crunch than larger enterprises to invest in data centers to store and manage their large data. Edge computing facilitates SMEs by collecting, processing, and storing data at the edge of the network closer to the source, thus reducing the operational costs. SMEs are keen to adopt advanced IT technologies such as edge analytics in order to cope up with the market competition. This is one of the factors that aid the edge computing market within the SMEs segment across the world.

“Asia Pacific (APAC) is expected to witness a high growth potential during the forecast period.”
North America holds the largest market share in 2017whileAPAC is the fastest-growing region in terms of CAGR. APAC is expected to be a lucrative market for edge computing during the forecast period, considering the untapped opportunities and heavy investment in smart cities projects in the developing countries in the region. Moreover, government initiatives to promote digitization in developing countries has led many large organizations to target their market in this region.

Breakdown of Primary Participants’ Profile:
• By Company Type: Tier 1 – 35%, Tier 2 – 45%, and Tier 3 – 20%
• By Designation: C-level – 35%, D-level – 25%, and Others – 40%
• By Region: North America – 45%, Europe – 20%, APAC – 30%, and RoW- 5%

Report Highlights:
• To forecast the market size of the market segments with respect to the 5 main regions, namely, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America

• To define, describe, and forecast the edge computing market on the basis of components (hardware, platform, solution, and services), applications, organization sizes, verticals, and regions

• To provide detailed information regarding the major factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges)

• To analyze the submarkets with respect to the individual growth trends, prospects, and contributions to the overall market

• To analyze the opportunities in the market for stakeholders by identifying high-growth segments in the market

• To profile the key players of the market and comprehensively analyze their core competencies1 in each microsegment

• To analyze competitive developments, such as agreements, alliances, joint ventures, and mergers and acquisitions, in the edge computing market

Target Audience for Edge Computing Market : Edge computing solution and service providers, System integrators, Application developers, Hardware vendors, Consulting firms, Research organizations, Resellers and distributors.

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Competitive Landscape of Edge Computing Market:
1 Overview
2 Market Ranking Analysis
3 Competitive Scenario
3.1 New Product Launches
3.2 Expansions
3.3 Mergers and Acquisitions
3.4 Agreements and Partnerships

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This release was published on openPR.