Edge Computing Market Size, Share, Industry Growth, Regional Analysis, Forecast Report

The Global Edge Computing Market size to grow from USD 2,859.51 Million in 2019 to USD 8,500.58 Million by 2025, at a Compound Annual Growth Rate (CAGR) of 19.91% During the Forecast Period. Increasing demand for low latency processing and real-time, automated decision-making solutions; and an exponentially increasing need to address data volumes and network traffic is driving the market growth.

The report deeply explores the recent significant developments by the leading vendors and innovation profiles in the Global Edge Computing Market including are Aricent Inc., HMD Global., Huawei Technologies Co., Ltd, Intel Corporation, Schneider Electric, CISCO, Google LLC, Hewlett Packard Enterprise Development LP, IBM Corporation, and Microsoft Corporation.

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The rise in the number of smart applications is a key driver of the growth of the edge computing industry. Additionally, edge computing lets real-time applications analyze and process collected data, which is also one of the critical factors driving market demand. More local hardware and higher maintenance costs, however, are likely to hinder the growth of the edge computing industry. In addition, the introduction of the 5G Network, and various IoT software platforms and languages are expected to provide significant opportunities for market growth in the coming years.

Edge Computing Market Regional Share Analysis
North America represented the largest market share in 2018 and is expected to maintain dominance over the forecast years. Higher cloud adoption in the area is contributing to the technology's ongoing transformation. Developing revolutionary technologies within the region, such as autonomous cars, is also expected to drive regional market growth in the years to come.

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Edge Computing Market Segmentation

Edge Computing Market by Component

o Hardware
o Services
o Software

Edge Computing Market by Application

o Analytics
o Augmented Reality
o Location Services
o Smart Cities

Edge Computing Market by End-User

o Automotive
o Education
o Healthcare
o Surveillance

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For the detailed coverage of the study, the market has been geographically divided into the Americas, Asia-Pacific, and Europe, Middle East & Africa. The report provides details of qualitative and quantitative insights about the major countries in the region and taps the major regional developments in detail.

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