Edge Computing Market is expected to reach at a CAGR of 25.6% during 2022-2027

According to IMARC Group's latest report, titled "Edge Computing Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027," the global edge computing market is expected to exhibit a CAGR of 25.6% during 2022-2027.

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

Edge computing is a networking technique that reduces the frequency of cloud-based activities and delivers them to local devices like edge servers or the internet of things (IoT). It demonstrates outstanding cost effectiveness, scalability, security, and quick reaction times. Reduced long-distance communication between the client and server, decreased latency, and improved process efficiency are all benefits. As a result, many businesses are implementing edge computing to reduce their reliance on bandwidth, server resources, and related expenses.

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Market Trends

One of the primary factors favourably affecting the market is the growing use of IoT and related devices. Additionally, telecom companies are reducing network congestion and enhancing application performance by implementing multi-access edge computing (MEC). Additionally, edge computing systems can support the operation of real-time applications like robots, self-driving cars, video processing, and analytics thanks to the development of faster networking technologies. To automate data processing at a cheaper infrastructure cost, numerous top players are also creating lightweight edge computing solutions.

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List of Key Companies Covered in this Market Report:

ABB Ltd.
Amazon Web Services (AWS) Inc.
Cisco Systems Inc.
Digi International Inc.
General Electric Company
Hewlett Packard Enterprise Development LP
Huawei Technologies Co. Ltd.
IBM Corporation
Intel Corporation
Microsoft Corporation
SAP SE
Siemens AG.

The report has segmented the market on the basis of component, organization size, vertical and geography.

Breakup by Component:

Hardware
Software
Services

Breakup by Organization Size:

Small and Medium-sized Enterprises (SMEs)
Large Enterprises

Breakup by Vertical:

Manufacturing
Energy and Utilities
Government and Defense
BFSI
Telecommunications
Media and Entertainment
Retail and Consumer Goods
Transportation and Logistics
Healthcare and Life Sciences
Others

Breakup by Geography:

North America (U.S. & Canada)
Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
Latin America (Brazil, Mexico)
Middle East & Africa

Key highlights of the report:

Market Performance (2016-2021)
Market Outlook (2022- 2027)
Porter's Five Forces Analysis
Market Drivers and Success Factors
SWOT Analysis
Value Chain
Comprehensive Mapping of the Competitive Landscape

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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