Press release
Edge Computing Market to reach approximately USD 9 Bn by 2025, expanding at a CAGR of 32.6%: Google, Amazon.com, Huawei Technologies
The Global Edge Computing Market has witnessed continuous growth in the past few years and is projected to grow even further during the forecast period (2019-2025). The assessment provides a 360° view and insights, outlining the key outcomes of the industry, current scenario witnesses a slowdown and study aims to unique strategies followed by key players. These insights also help the business decision-makers to formulate better business plans and make informed decisions for improved profitability. In addition, the study helps venture or private players in understanding the companies more precisely to make better informed decisions. Some of the key players in the Global Edge Computing market are Cisco Systems, Inc., Microsoft Corporation, International Business Machines Corporation (IBM), Google LLC, Amazon.com, Inc.,, SAP SE, Oracle Corporation, Huawei Technologies Co., Ltd., Intel Corporation, General Electric Company.What's keeping Cisco Systems, Inc., Microsoft Corporation, International Business Machines Corporation (IBM), Google LLC, Amazon.com, Inc.,, SAP SE, Oracle Corporation, Huawei Technologies Co., Ltd., Intel Corporation, General Electric Company Ahead in the Market? Benchmark yourself with strategic steps and conclusions recently published by HTF MI. Analyze COVID impact on overall Industry.
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Organizations across different sectors use edge computing technology for real-time analysis of huge volumes of data in order to draw actionable insights. This is the key growth driver for the global edge computing market, which will aid its growth to reach approximately USD 9 Bn by 2025, expanding at a compounded annual growth rate (CAGR) of 32.6% during the 2019-2025 period.
Global Edge Computing Market (2019-2025)
Segmentation based on application insights:
For smart cities, edge computing will be a key enabler of civic amenities like transportation, safety, power, and telecommunications. Therefore, smart city initiatives will use edge computing to a great extent and occupy a market share of 25.9% in 2025. Industry 4.0, or the fourth industrial revolution, which includes predictive maintenance, artificial intelligence (AI) and robotics, is expected to witness increased adoption of edge computing technology to enhance manufacturing processes. As a result of this, smart factories will occupy a substantial market share in 2025, and the smart grid segment will experience the highest growth rate during the forecast period.
End-user industry segment insights:
Edge computing plays a crucial role in sectors such as information technology (IT) and telecommunications, manufacturing, healthcare, logistics, and automotive. Among these, the IT and telecom sector dominated the market by occupying a market share of 29.4% in 2019. The rising demand for faster, more responsive networks, and higher prevalence of distributed IT architecture in several firms are driving the adoption of edge computing technology, globally. Close on its heels, the manufacturing sector occupied approximately 23.2% of the market in 2019. The potential benefits of edge computing in manufacturing facilities are localizing and distributing data storage, providing cost-effective solutions, and maintaining security and compliance. Edge devices are expected to bridge the gap between modern machines and legacy systems.
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Regional insights:
North America is leading the innovation in the edge computing market. It occupied approximately 31.6% of the global market in 2018. More than 8.4 Bn connected devices have been added in the region till date, and the number is expected to grow to 20 Bn by 2020, leading to the evolution of the market. Asia-Pacific, experiencing swift industrialization, is anticipated to expand at the highest CAGR (40.5%) during the forecast period. Latin America, and the Middle East and Africa markets, though still at nascent stages, are anticipated to experience high growth.
Companies covered:
Cisco Systems, Inc.
Microsoft Corporation
International Business Machines Corporation (IBM)
Google LLC
Amazon.com, Inc.,
SAP SE
Oracle Corporation
Huawei Technologies Co., Ltd.
Intel Corporation
General Electric Company
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HTF Market Report is a wholly owned brand of HTF market Intelligence Consulting Private Limited. HTF Market Report global research and market intelligence consulting organization is uniquely positioned to not only identify growth opportunities but to also empower and inspire you to create visionary growth strategies for futures, enabled by our extraordinary depth and breadth of thought leadership, research, tools, events and experience that assist you for making goals into a reality. Our understanding of the interplay between industry convergence, Mega Trends, technologies and market trends provides our clients with new business models and expansion opportunities. We are focused on identifying the “Accurate Forecast” in every industry we cover so our clients can reap the benefits of being early market entrants and can accomplish their “Goals & Objectives”.
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