On-premise to Witness Highest Demand in Global Edge Computing Market Growing at CAGR 46% through 2022

Growing IoT (Internet of Things) market coupled with the increasing demand for lower latency and higher bandwidth is expected to drive global edge computing market through 2022

According to a recently released report from TechSci Research & Consulting firm, “Global Edge Computing Market By Deployment, By Application, By Component, By End-User, By Region, Competition Forecast & Opportunities, 2015-2022”, the edge computing market is projected to grow at a CAGR of over 46 % during the forecast period. The growth of global edge computing market is backed by growing adoption of video surveillance in developing countries along with the advent of 5G technology that would increase the data throughput substantially, thereby requiring edge computing for efficient management of data.

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On the basis of deployment global edge computing market is segmented into on-premise and cloud- based. On-premise segment is anticipated to exhibit the highest CAGR due to reduced number of data hops offered by it, which lowers the chances of error. By Application, IoT held the major share on the back of growing adoption of edge computing solution in smart manufacturing and other IoT applications such as smart grids, smart lighting, smart consumer wearable etc. Among end-users, manufacturing sector dominated the global edge computing market on account of integration of edge technology into the conventional method of manufacturing as edge computing enhances the process speed and makes it independent of cloud. A large demand for edge computing emanates from North America. The region is projected to lead the regional market share, owing to the numerous start-ups working on edge computing solutions and increasing IoT market in the region. However, Asia-Pacific is expected to be the fastest growing region in global edge computing market during the forecast period.
“With the increasing adoption of augmented reality (AR) and virtual reality (VR) in retail and gaming domain, global edge computing market is expected to witness a robust growth in the coming years, as AR technology requires high computing power and low latency. Moreover, growing number of connected devices such as smartphones, tablets, etc., is further anticipated to push the demand for edge computing for efficient management and storage of data.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
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“Global Edge Computing Market By Deployment, By Application, By Component, By End-User, By Region, Competition Forecast & Opportunities, 2015-2022” has evaluated the future growth potential of the edge computing market and has also provided the statistics and information on market structure, size, share and future growth of edge computing market. The report intends to provide cutting-edge market intelligence and help decision makers to take sound investment decisions. Besides, the report also identifies and analyses the emerging trends along with essential drivers, challenges and opportunities existing in the global edge computing market.

About TechSci Research
TechSci Research is a leading global market research firm publishing premium market research reports. Serving 700 global clients with more than 600 premium market research studies, TechSci Research is serving clients across 11 different industrial verticals. TechSci Research specializes in research based consulting assignments in high growth and emerging markets, leading technologies and niche applications. Our workforce of more than 100 fulltime Analysts and Consultants employing innovative research solutions and tracking global and country specific high growth markets helps TechSci clients to lead rather than follow market trends.

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TechSci Research is a leading global market research firm publishing premium market research reports. Serving 700 global clients with more than 600 premium market research studies, TechSci Research is serving clients across 11 different industrial verticals. TechSci Research specializes in research based consulting assignments in high growth and emerging markets, leading technologies and niche applications. Our workforce of more than 100 fulltime Analysts and Consultants employing innovative research solutions and tracking global and country specific high growth markets helps TechSci clients to lead rather than follow market trends.

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