Edge Computing Market Trends 2022 | Growth, Share, Size, Demand and Future Scope 2027

According to the latest report by IMARC Group, titled "Edge Computing Market: Global 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.

Edge computing refers to a network of micro data centers that assist in reducing the number of processes running on the cloud by storing critical data closer to the source or end user. It is widely used to optimize cloud computing systems by minimizing network traffic and communications bandwidth between cloud and user devices. It aids in data acquisition, mobile signature analysis and data caching while decreasing latency and improving the overall process efficiency. It is widely being deployed across organizations for enhancing their production, performance as well as profits.

Market Trends

Edge computing is a networking solution that minimizes the frequency of processes running on the cloud and transmits them to local devices, such as an internet of things (IoT) or an edge server. It exhibits excellent reliability, scalability, cost-effectiveness, security, and quicker response time. It helps in reducing long-distance communication between the client and the server, lowering latency, and increasing process efficiency. As a result, various organizations are adopting edge computing to minimize bandwidth use, server resources, and associated costs.

Request Free Sample Report:
https://www.imarcgroup.com/edge-computing-market/requestsample

Market Trends

The market is primarily driven by the rapid growth of the Internet of Things (IoT) on the global level. Edge computing solutions are widely integrated with IoT-enabled devices, which aids in efficiently handing, processing and handling large volumes of data. These solutions also assist in improving internet connectivity for receiving and delivering data via the cloud. This, along with the escalating adoption of connected devices and the rising applications requiring real-time computing, is providing a thrust to the market growth. Moreover, the growing adoption of real-time and big data analytics is strengthening the demand for edge computing. The market is further driven by the significant improvements in network technologies, including 4G and 5G connections. The development of faster and uninterrupted networks assists in supporting real-time applications, thereby creating a positive outlook for the market. There has been a steady increase in the implementation of multi-access edge computing (MEC) by telecom companies that is used for mitigating network congestion and improving application performance. This, in confluence with the rising adoption rates of edge computing by various organizations to reduce the costs associated with an extensive cloud computing architecture, is providing an impetus to the market growth. In addition to this, the widespread adoption of the remote working model by various enterprises on account of the rapid outbreak of the coronavirus disease (COVID-19) is acting as another major growth-inducing factor. These computing solutions are extensively being utilized for enhancing the network performance of streaming services amid the rising trend of work-from-home culture across the globe.

Buy Full Report with Detail Analysis with COVID-19 Impact -
https://www.imarcgroup.com/edge-computing-market

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.

Related Report by IMARC Group:

Business Analytics Market Report: https://www.imarcgroup.com/business-analytics-market

Messaging Security Market Report: https://www.imarcgroup.com/messaging-security-market

Payroll Outsourcing Market Report: https://www.imarcgroup.com/payroll-outsourcing-market

Project Portfolio Management Market Report: https://www.imarcgroup.com/project-portfolio-management-market

Gaming Console Market Report: https://www.imarcgroup.com/gaming-console-market

Data Center Cooling Market Report: https://www.imarcgroup.com/data-center-cooling-market

Digital Map Market Report: https://www.imarcgroup.com/digital-map-market

Application Delivery Controller Market Report: https://www.imarcgroup.com/application-delivery-controller-market

Workforce Management Market Report: https://www.imarcgroup.com/workforce-management-market

Contact US

IMARC Group
30 N Gould St Ste R
Sheridan, WY 82801 USA - Wyoming
Email: Sales@imarcgroup.com
Tel No:(D) +91 120 433 0800 Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.

This release was published on openPR.