Trending News: Corona impact on Global Edge Computing Market Product Analysis, Rising Trends and Outlook by 2027

Edge computing is an approach which processes data at the edge of the network. For instance, in telecommunication industry mobile can be a edge device. Therefore, every device produces data at the edge of network functions as an edge device. Rise in load on the cloud infrastructure across the globe , and increase in number of intelligent applications are some driving factors which are expected to grow the global edge computing device market in near future.

Increase in adoption of IoT across various industries such as financial and banking industry, retail, and healthcare is the key driving factor which is expected to boost the global edge computing market growth. Furthermore, rise in demand for low-latency processing and real-time, automated decision making solutions will positively contribute the market growth. Moreover, Edge computing for IoT offers various advantages for many IoT deployments as compared to using the cloud to store and process data. For Example, many IoT processors provide an increased level of automation at the edge resulting in low latency for rapid data processing. It has ability to reside at an operator’s local data center, at dedicated server or base station on the customer’s premises. In addition to that, increase in demand for autonomous vehicles and connected car infrastructure will drive the market growth.

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However, increase in security concerns pertaining to edge computing is the major challenging factor which is expected to hinder the global edge computing market growth during this analysis period.

Market Segmentation

Global Edge Computing Market is segmented into component such as Hardware, Software, and Services, by application such as Smart Cities, Industrial Internet of Things, Remote Monitoring, and Content Delivery. Further, market is segmented into end user such as Financial and Banking Industry, Retail, Healthcare and Life Sciences, Industrial, Energy & Utilities, Telecommunications, and Others.

Also, Global Edge Computing Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.

Market Key Players

Various key players are discussed in this report such as Cisco, HPE, HUAWEI, DELL TECHNOLOGIES, NOKIA, IBM, AMAZON WEB SERVICES, FOGHORN SYSTEMS, MACHINESHOP, SAGUNA NETWORKS, LITMUS AUTOMATION, and SIXSQ

Market Taxonomy

By Component

• Hardware
• Software
• Services

By Application

• Smart Cities
• Industrial Internet of Things
• Remote Monitoring
• Content Delivery

By End User

• Financial and Banking Industry
• Retail
• Healthcare and Life Sciences
• Industrial
• Energy & Utilities
• Telecommunications
• Others

By Region

• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa

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