Edge Computing Market by Global Demand, Latest Technology and Outlook 2021-2030

The Global Edge Computing Market size was valued at USD 2.49 billion in 2020 and is predicted to reach USD 68.71 billion by 2030, with a CAGR of 33.1% from 2021-2030.

Edge computing saves bandwidth and reduces latency of the network, by minimizing the distance between the client and the server. It brings proximity of the analytical resources to the end users, and simultaneously increases the scalability, reliability, speed, as well as efficiency of the system by optimizing the IoT and API technologies through a dispersed computing paradigm. Edge devices are also capable of machine learning and real time data processing.

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Competitive Landscape

The edge computing market is highly competitive and consists of various market players. Some of the major market players include AT&T Inc., Amazon Web Services (AWS), Cisco Systems Inc., Fujitsu Limited, Dell Inc., IBM Corporation, Huawei Technologies Co. Ltd., Hewlett Packard Enterprise (HPE), Nokia Corporation and Microsoft Corporation among others.

With the development and deployment of advanced product technologies, and launch of new products equipped with up-to-date features, market players are undergoing various business strategies to sustain their position in the highly competitive edge computing market.

For instance, in March 2020, Airtel, one of the key players in edge computing market, announced a collaboration with Cisco, to launch India’s largest 5G-ready, 100G IP, optically integrated network, designed to enhance network accessibility, increase data storing capacity, scale network extremities, and cater the growing demand of high speed data services throughout the country’s periphery.

In April 2020. Fujitsu Limited., one of the leading companies in the edge computing market, announced that it has received order for development of the supercomputer system for JAXA- the Japan Aerospace Exploration Agency. With Fujitsu’s technical expertise, JAXA aims to enhance its AI computational processing platform, expand its use in the HPC field, aggregate & analyze satellite observation data, and compute the conventional numerical simulations

In June 2020, Amazon Web Services, Inc., one of the major players in edge computing market and a subsidiary of the Amazon Company, announced the commercialization of its recently developed and deployed 6th generation Amazon Elastic Compute Cloud instances, ‘Amazon EC2.’ It comprises of R6g instances, C6g instances, and M6g instances; that are powered by AWS-designed arm-based graviton-2 processors. The AWS instances promise to deliver 40% better price and performance over comparable current generation.

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Market Segmentations and Scope of the Study:

The global edge computing market share has been analyzed based on component, application, organization size, industry vertical and geography.

Based on type of component, the edge computing market is classified into services and solution. Based on application, the edge computing market is segmented into connected cars, critical infrastructure monitoring, environmental monitoring, smart grids, traffic management, augmented reality, assets tracking, security & surveillance, and others. Based on organization size the market is fragmented into small & medium enterprises, and large enterprises. Based on industry vertical, the market is divided into energy & utilities, government & public sector, healthcare, manufacturing, media & entertainment, transportation, retail, telecom & IT, and others. Geographic breakdown and analysis of each of the previously mentioned segments include regions comprising North America, Europe, Asia-Pacific, and RoW.

Geographical Analysis

North America is expected to dominate the global edge computing market, accounting for the major market share throughout the forecast period. This is attributed to well established IT and cloud infrastructures, higher technological advancements, presence of developed 5G network and telecom infrastructures, as well as presence of key players and service providers in this region.

Asia Pacific is expected to demonstrate a substantial growth in the global edge computing market, growing with the highest CAGR values throughout the forecast period. This is due to development of 5G network infrastructures, evolution of smart cities, increasing investments by key players in developing countries, as well as untapped market opportunities offered by emerging economies especially India and China.

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