Edge Computing Market Size to reach $41740 Million by 2026

The global Edge Computing market size is projected to reach US$ 41740 million by 2026, from US$ 6149 million in 2019, at a CAGR of 31.1% during 2021-2026.

Edge computing is a distributed and open platform that integrates the core capabilities of network, computing, storage, and application closest to the source of things or data in the network, and provides edge intelligent services nearby.

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Providing services on the edge of the network closer to the terminal is the biggest feature of edge computing. For such a design, it can meet the key needs of various industries in terms of digital agile connection, real-time business, data optimization, application intelligence, security and privacy protection. Its advantages promote intelligence, connecting the two worlds of physical and digital in series.

In edge computing, terminal devices can complete storage and computing tasks at edge nodes. This change will produce two major advantages. First, because computing tasks can be performed at the edge, external computing power can effectively extend the computing capabilities of terminal devices. Second, it saves bandwidth resources due to computing tasks transmitted in the network. The core facility layer, edge computing center, edge network, and edge equipment are the four-layer functional structure of the basic edge computing architecture. This architecture can realize the "cloud-side-end" synergy effect.

At present, major global manufacturers include IBM, Microsoft, Amazon Web Services, Dell, Cisco, HPE, Huawei, Lenovo, etc., and the global major manufacturers account for more than 60% in 2020.
From a regional perspective, the North American market is the largest in the global edge computing consumer market, accounting for about 37% of the market, followed by Europe, accounting for about 32%. The Asia-Pacific region also plays a large role in this global market.

From the application point of view, edge computing is mainly divided into hardware and software services, of which software services account for a relatively large amount, about 57%. In addition, the product can be used in a variety of fields, such as transportation and logistics, manufacturing, and IT communications.

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Edge Computing Market Breakdown Data by Type

o Hardware
o Software and Service

Edge Computing Market Breakdown Data by Application

o Transportation and Logistics
o Manufacturing
o Energy and Utilities
o Healthcare and Life Sciences
o IT and Telecom
o Others

Based on regional and country-level analysis, the Edge Computing market has been segmented as follows:

o North America
o United States
o Canada
o Europe
o Germany
o France
o U.K.
o Italy
o Russia
o Nordic
o Rest of Europe
o Asia-Pacific
o China
o Japan
o South Korea
o Southeast Asia
o India
o Australia
o Rest of Asia-Pacific
o Latin America
o Mexico
o Brazil
o Middle East & Africa
o Turkey
o Saudi Arabia
o UAE
o Rest of Middle East & Africa

In the competitive analysis section of the report, leading as well as prominent players of the global Edge Computing market are broadly studied on the basis of key factors. The report offers comprehensive analysis and accurate statistics on revenue by the player for the period 2016-2021. It also offers detailed analysis supported by reliable statistics on price and revenue (global level) by player for the period 2016-2021.

The following players are covered in this report:

o IBM
o Microsoft
o Amazon Web Services
o Dell
o Cisco
o HPE
o Huawei
o Lenovo
o Nokia
o Fujitsu
o Gigabyte Technology
o GE
o ADLINK
o Advantech
o Atos
o Litmus Automation

Similar Reports of Edge Computing

o Multi-access Edge Computing (MEC) Market: https://reports.valuates.com/market-reports/QYRE-Othe-1S240/multi-access-edge-computing

o Mobile Edge Computing Market: https://reports.valuates.com/market-reports/QYRE-Othe-0J207/mobile-edge-computing

o Edge Computing in Retailing Market: https://reports.valuates.com/market-reports/QYRE-Othe-1S239/edge-computing-in-retailing

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This release was published on openPR.