Press release
Edge Computing Market Research Report by Experts 2022 to 2027 | Microsoft Corporation, Google LLC, FogHorn Systems
New York, March 22nd 2022, Market Insights Reports has released its latest market research report on the Edge Computing Market.The Edge Computing Market report offers an in-depth assessment of market dynamics, the competitive landscape, segments, and regions in order to help readers to become familiar with the Edge Computing market. It particularly sheds light on market fluctuations, pricing structure, uncertainties, potential risks, and growth prospects to help players to plan effective strategies for gaining successful in the Edge Computing market. Importantly, it allows players to gain deep insights into the business development and market growth of leading companies operating in the Edge Computing market.
The Edge Computing Market was valued at USD 2281.8 million in 2020, and it is expected to reach a value of USD 10,971.54 million by 2026, registering a CAGR of 29.4% over the forecast period.
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Top Leading Companies of Edge Computing Market are - Microsoft Corporation, Google LLC (Coral.AI), FogHorn Systems, Huawei Technologies Co. Limited, Cisco Systems Inc., Hewlett Packard Enterprise Company, Juniper Networks Inc., Dell Technologies Inc., Altran Group (Aricent), EdgeIQ (MachineShop Inc.), ADLINK Technology Inc., General Electric Company, Amazon Web Services Inc. and others.
Industry News and Updates:
- March 2020 - Google Cloud and AT&T announced a collaboration to help enterprises take advantage of Google Cloud's technologies and capabilities using AT&T network connectivity at the edge, including 5G. These edge computing solutions will be powered by AT&T's network and will utilize Google Cloud's core capabilities in Kubernetes, Artificial Intelligence (AI), and machine learning (ML). By bringing Google Cloud's compute and capabilities to the edge, businesses can achieve the goal of proximity to the customers.
- March 2020 - Microsoft announced the acquisition of Affirmed Networks, which is a startup that offers fully virtualized cloud-native mobile network solutions. Microsoft wants to integrate Affirmed Networks technology into Microsoft Azure to let the telecommunications industry deploy and maintain 5G networks via Azure Edge Zones, which is a newly developed solution based on edge computing.
Key Market Trends:
BFSI is Expected to be the Prominent Industry to Adopt Edge Computing Solutions
- The financial and banking industry is expected to show a significant adoption of edge computing solutions, owing to the increasing adoption of digital and mobile banking initiatives. Also, the adoption of blockchain technology in the industry and mobile payments are certain factors further fueling the demand for edge computing in the industry.
- Effortless and seamless digital payment methods with maximum security and processing speeds act as key elements for enhancing the digital banking experience. As a result, several banks are deploying payment apps and services compatible with smart mobile devices.
Asia-Pacific to Witness the Highest Growth Rate
- The market for edge computing in China is anticipated to benefit from the investments from telecoms to roll out new technologies. Owing to the rapid growth of mobile services and the increase of operation cost pressure, the telecom industry in the country has taken measures to improve user experience, increase profits, optimize network operation, and enhance resource utilization efficiency by introducing new technologies and products.
- The manufacturers in Japan are trying to deploy edge computing technologies at their facilities, in order to improve the production efficiency by utilizing IoT or IoT devices. Mitsubishi Electric Corporation and Fanuc Corporation, a machine tool maker, formed consortiums to develop products for edge computing and unify standards, thereby, making up for the shortcomings of cloud computing.
Investigator Observers Strong Growth in Specific Regions:
- Europe Market (Germany, UK, France, Russia, Italy)
- Center East and Africa Market (Saudi Arabia, UAE, Egypt, Nigeria, South Africa)
- South America Market (Brazil, Argentina, Colombia)
- North America Market (United States, Canada, Mexico)
- Asia Pacific Market (China, Japan, Korea, India, Southeast Asia).
The Latest Industry Data Included in this Report:
- Edge Computing Market Size & Analysis (2016 - 2026)
- Market Share Analysis of Edge Computing Market (%),2016 - 2026
- Edge Computing Market Share, By Brand
- Edge Computing Market Share, By Company
- Edge Computing Market Assessment & Opportunity (Value),2016 - 2026
- Major Companies Edge Computing Market Value Analysis & Forecast
- Promising Edge Computing Development by Major Companies
- Detailed Edge Computing Portfolio of the Major Companies
- Major Deals in the Edge Computing Market
- Major Companies Analysis
Browse Full Report at:
https://www.marketinsightsreports.com/reports/02082592521/edge-computing-market-growth-trends-covid-19-impact-and-forecasts-2021-2026?Mode=namita
We Offer Customization on Report Based on Specific Client Requirement:
- Country Level analysis for any 5 countries of your choice.
- Competitive analysis of any 5 key market players.
- 40 analyst hours to cover any other data point.
Contact Us:
Irfan Tamboli (Head of Sales) - Market Insights Reports
Phone: + 1704 266 3234 | +91-750-707-8687
sales@marketinsightsreports.com | irfan@marketinsightsreports.com
About Us:
MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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