Edge Computing Market Report 2024-2032: Share, Outlook, Size, Trends, Forecast and Analysis

IMARC Group's report titled "𝐄𝐝𝐠𝐞 𝐂𝐨𝐦𝐩𝐮𝐭𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐩𝐨𝐫𝐭 𝐛𝐲 𝐂𝐨𝐦𝐩𝐨𝐧𝐞𝐧𝐭 (𝐇𝐚𝐫𝐝𝐰𝐚𝐫𝐞, 𝐒𝐨𝐟𝐭𝐰𝐚𝐫𝐞, 𝐒𝐞𝐫𝐯𝐢𝐜𝐞𝐬), 𝐎𝐫𝐠𝐚𝐧𝐢𝐳𝐚𝐭𝐢𝐨𝐧 𝐒𝐢𝐳𝐞 (𝐒𝐦𝐚𝐥𝐥 𝐚𝐧𝐝 𝐌𝐞𝐝𝐢𝐮𝐦-𝐬𝐢𝐳𝐞𝐝 𝐄𝐧𝐭𝐞𝐫𝐩𝐫𝐢𝐬𝐞𝐬 (𝐒𝐌𝐄𝐬), 𝐋𝐚𝐫𝐠𝐞 𝐄𝐧𝐭𝐞𝐫𝐩𝐫𝐢𝐬𝐞𝐬), 𝐕𝐞𝐫𝐭𝐢𝐜𝐚𝐥 (𝐌𝐚𝐧𝐮𝐟𝐚𝐜𝐭𝐮𝐫𝐢𝐧𝐠, 𝐄𝐧𝐞𝐫𝐠𝐲 𝐚𝐧𝐝 𝐔𝐭𝐢𝐥𝐢𝐭𝐢𝐞𝐬, 𝐆𝐨𝐯𝐞𝐫𝐧𝐦𝐞𝐧𝐭 𝐚𝐧𝐝 𝐃𝐞𝐟𝐞𝐧𝐬𝐞, 𝐁𝐅𝐒𝐈, 𝐓𝐞𝐥𝐞𝐜𝐨𝐦𝐦𝐮𝐧𝐢𝐜𝐚𝐭𝐢𝐨𝐧𝐬, 𝐌𝐞𝐝𝐢𝐚 𝐚𝐧𝐝 𝐄𝐧𝐭𝐞𝐫𝐭𝐚𝐢𝐧𝐦𝐞𝐧𝐭, 𝐑𝐞𝐭𝐚𝐢𝐥 𝐚𝐧𝐝 𝐂𝐨𝐧𝐬𝐮𝐦𝐞𝐫 𝐆𝐨𝐨𝐝𝐬, 𝐓𝐫𝐚𝐧𝐬𝐩𝐨𝐫𝐭𝐚𝐭𝐢𝐨𝐧 𝐚𝐧𝐝 𝐋𝐨𝐠𝐢𝐬𝐭𝐢𝐜𝐬, 𝐇𝐞𝐚𝐥𝐭𝐡𝐜𝐚𝐫𝐞 𝐚𝐧𝐝 𝐋𝐢𝐟𝐞 𝐒𝐜𝐢𝐞𝐧𝐜𝐞𝐬, 𝐚𝐧𝐝 𝐎𝐭𝐡𝐞𝐫𝐬), 𝐚𝐧𝐝 𝐑𝐞𝐠𝐢𝐨𝐧 𝟐𝟎𝟐𝟒-𝟐𝟎𝟑𝟐". The global edge computing market size reached US$ 14.7 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 90.3 Billion by 2032, exhibiting a growth rate (CAGR) of 24.35% during 2024-2032.

𝐅𝐚𝐜𝐭𝐨𝐫𝐬 𝐀𝐟𝐟𝐞𝐜𝐭𝐢𝐧𝐠 𝐭𝐡𝐞 𝐆𝐫𝐨𝐰𝐭𝐡 𝐨𝐟 𝐭𝐡𝐞 𝐄𝐝𝐠𝐞 𝐂𝐨𝐦𝐩𝐮𝐭𝐢𝐧𝐠 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲:

• 𝐈𝐧𝐜𝐫𝐞𝐚𝐬𝐢𝐧𝐠 𝐃𝐚𝐭𝐚 𝐆𝐞𝐧𝐞𝐫𝐚𝐭𝐢𝐨𝐧 𝐚𝐧𝐝 𝐏𝐫𝐨𝐜𝐞𝐬𝐬𝐢𝐧𝐠 𝐍𝐞𝐞𝐝𝐬:

The edge computing industry is witnessing substantial growth due to the increasing demand for real-time data processing and analysis. As more Internet of Things (IoT) devices and sensors are deployed across various sectors, such as manufacturing, healthcare, and transportation, there is a rise in data generation at the edge of networks. Traditional cloud computing solutions are struggling to handle the massive volumes of data in real-time. Edge computing addresses this challenge by processing data closer to its source. This minimizes latency and enhances the efficiency of critical applications, making it essential for industries requiring instant insights and decision-making.

• 𝐄𝐦𝐞𝐫𝐠𝐞𝐧𝐜𝐞 𝐨𝐟 𝟓𝐆 𝐓𝐞𝐜𝐡𝐧𝐨𝐥𝐨𝐠𝐲:

The ongoing rollout of 5G networks is a pivotal factor propelling the growth of the edge computing industry. 5G's low latency and high bandwidth capabilities are crucial for the success of edge computing applications. It enables faster communication between devices and the cloud, facilitating near-instantaneous data transfer. Industries such as autonomous vehicles, augmented reality, and smart cities heavily rely on 5G-enabled edge computing to deliver seamless and responsive services. As 5G networks continue to expand globally, the adoption of edge computing is expected to increase in tandem.

• 𝐄𝐧𝐡𝐚𝐧𝐜𝐞𝐝 𝐒𝐞𝐜𝐮𝐫𝐢𝐭𝐲 𝐚𝐧𝐝 𝐏𝐫𝐢𝐯𝐚𝐜𝐲 𝐂𝐨𝐧𝐜𝐞𝐫𝐧𝐬:

With the heightened reliance on IoT devices and edge computing solutions, there is a growing emphasis on data security and privacy. Edge computing offers an advantage by allowing data to be processed locally, reducing the need for extensive data transfers to centralized data centers. This inherently strengthens security, as sensitive information is less exposed to potential cyber threats during transit. Moreover, edge devices can anonymize or aggregate data before transmission, addressing privacy concerns. As data security and privacy become paramount in today's digital landscape, the edge computing market is anticipated to experience growth by offering robust solutions that mitigate these risks.

𝐋𝐞𝐚𝐝𝐢𝐧𝐠 𝐂𝐨𝐦𝐩𝐚𝐧𝐢𝐞𝐬 𝐎𝐩𝐞𝐫𝐚𝐭𝐢𝐧𝐠 𝐢𝐧 𝐭𝐡𝐞 𝐄𝐝𝐠𝐞 𝐂𝐨𝐦𝐩𝐮𝐭𝐢𝐧𝐠 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲:

• 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

𝐅𝐨𝐫 𝐚𝐧 𝐢𝐧-𝐝𝐞𝐩𝐭𝐡 𝐚𝐧𝐚𝐥𝐲𝐬𝐢𝐬, 𝐲𝐨𝐮 𝐜𝐚𝐧 𝐫𝐞𝐟𝐞𝐫 𝐬𝐚𝐦𝐩𝐥𝐞 𝐜𝐨𝐩𝐲 𝐨𝐟 𝐭𝐡𝐞 𝐫𝐞𝐩𝐨𝐫𝐭: https://www.imarcgroup.com/edge-computing-market/requestsample

𝐄𝐝𝐠𝐞 𝐂𝐨𝐦𝐩𝐮𝐭𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐩𝐨𝐫𝐭 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧:

By Component:
• Hardware
• Software
• Services

Hardware dominates the market by component as edge computing heavily relies on physical infrastructure, including servers, gateways, and IoT devices, making hardware the cornerstone of this technology.

𝐁𝐲 𝐎𝐫𝐠𝐚𝐧𝐢𝐳𝐚𝐭𝐢𝐨𝐧 𝐒𝐢𝐳𝐞:
• Small and Medium-sized Enterprises (SMEs)
• Large Enterprises

Large enterprises hold the largest market share due to the substantial resources and scalability requirements of edge computing solutions, which are often best suited for large enterprises that can invest in and manage complex edge infrastructure.

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

Energy and utilities represent the largest market segment owing to the critical need for real-time data processing and control in the energy and utilities sector, where edge computing plays a pivotal role in optimizing operations and ensuring efficient energy distribution.

𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬:
• North America
o United States
o Canada
• Asia Pacific
o China
o Japan
o India
o South Korea
o Australia
o Indonesia
o Others
• Europe
o Germany
o France
o United Kingdom
o Italy
o Spain
o Russia
o Others
• Latin America
o Brazil
o Mexico
o Others
• Middle East and Africa

North America's dominance in the edge computing market is attributed to the early adoption of edge computing technologies by businesses, driven by the region's strong technology infrastructure and robust demand across numerous industries.

𝐄𝐱𝐩𝐥𝐨𝐫𝐞 𝐅𝐮𝐥𝐥 𝐑𝐞𝐩𝐨𝐫𝐭 𝐰𝐢𝐭𝐡 𝐓𝐎𝐂: https://www.imarcgroup.com/edge-computing-market

𝐆𝐥𝐨𝐛𝐚𝐥 𝐄𝐝𝐠𝐞 𝐂𝐨𝐦𝐩𝐮𝐭𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭 𝐓𝐫𝐞𝐧𝐝𝐬:

As industries increasingly demand real-time data processing and reduced latency, the edge computing market is expected to witness substantial growth. The integration of 5G technology is further accelerating this trend, enabling faster data transmission. Moreover, continuous innovations in hardware, including the development of more efficient processors and edge devices, are supporting the market growth. As businesses prioritize data security and privacy, edge computing solutions are adapting to address these concerns. The market is also diversifying across multiple verticals, with energy and utilities, manufacturing, and healthcare sectors leading the way. With more companies recognizing the benefits of edge computing, the adoption and expansion of edge computing are expected to rise, further propelling market growth.

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

𝐁𝐫𝐨𝐰𝐬𝐞 𝐎𝐭𝐡𝐞𝐫 𝐑𝐞𝐩𝐨𝐫𝐭𝐬:

• https://www.imarcgroup.com/vietnam-functional-beverages-market
• https://www.imarcgroup.com/vietnam-full-service-carrier-market
• https://www.imarcgroup.com/vietnam-fuel-cell-market
• https://www.imarcgroup.com/vietnam-frozen-food-market
• https://www.imarcgroup.com/vietnam-foreign-exchange-market

𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬:

IMARC Group

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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.

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