Edge Computing Market Growth, Trends, and Forecast 2024-2031 | Top key players - Aricent, Inc., Atos, Cisco Systems, Inc.

The Global Edge Computing Market reached US$ 47.0 billion in 2022 and is expected to reach US$ 156.2 billion by 2030, growing with a CAGR of 16.3% during the forecast period 2024-2031.

Edge Computing Market report, published by DataM Intelligence, provides in-depth insights and analysis on key market trends, growth opportunities, and emerging challenges. Committed to delivering actionable intelligence, DataM Intelligence empowers businesses to make informed decisions and stay ahead of the competition. Through a combination of qualitative and quantitative research methods, it offers comprehensive reports that help clients navigate complex market landscapes, drive strategic growth, and seize new opportunities in an ever-evolving global market.

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Edge Computing refers to the practice of processing data closer to its source rather than relying on centralized cloud servers. By doing so, it reduces latency, enhances real-time decision-making, and optimizes performance for devices like IoT sensors, smart appliances, and autonomous vehicles. This decentralized approach supports faster, more efficient data handling, benefiting industries such as healthcare, manufacturing, and transportation.

List of the Key Players in the Edge Computing Market:

ABB, Amazon Web Services (AWS), Inc., Aricent, Inc., Atos, Cisco Systems, Inc., General Electric Company, Hewlett Packard Enterprise Development, Honeywell International Inc., Huawei Technologies Co., Ltd. and IBM Corporation.

Industry Development:

On August 15, 2023, StackPath, a leading-edge computing platform, launched its StackPath Edge Compute Virtual Machine and Container instances. These new offerings feature higher virtual CPU (vCPU) core counts and increased RAM, providing enhanced performance for edge computing applications.

On August 29, 2022, NTT Ltd., a leading IT company, partnered with VMware and Intel to introduce the Edge+Private 5G offering as a fully managed service. This Edge-as-a-Service solution, available globally, is designed to help businesses accelerate process automation and improve operational efficiency through the integration of edge computing and private 5G connectivity.

Research Process:

Both primary and secondary data sources have been used in the global Edge Computing Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.

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Segment Covered in the Edge Computing Market:

By Component: Hardware, Software, Service, Others.

By Organization Size: Large enterprises, SMEs.

By Application: Industrial IoT, Remote monitoring, Content delivery, AR/VR, Others.

By End-User: IT & Telecom, BFSI, Manufacturing, Healthcare, Retail, Others.

Regional Analysis for Edge Computing Market:

The regional analysis of the Edge Computing Market covers key regions including North America, Europe, Asia Pacific Middle East and Africa and South America. The North America with a focus on the U.S., Canada, and Mexico; Europe, highlighting major countries like the U.K., Germany, France, and Italy, along with other nations in the region; Asia-Pacific, covering India, China, Japan, South Korea, and Australia, among others; South America, with emphasis on Colombia, Brazil, and Argentina; and the Middle East & Africa, which includes Saudi Arabia, the U.A.E., South Africa, and other countries. This comprehensive regional breakdown helps identify unique market trends and growth opportunities specific to each area.

⇥ North America (U.S., Canada, Mexico)

⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

⇥ South America (Colombia, Brazil, Argentina, Rest of South America)

⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

Benefits of the Report:

➡ A descriptive analysis of demand-supply gap, market size estimation, SWOT analysis, PESTEL Analysis and forecast in the global market.

➡ Top-down and bottom-up approach for regional analysis

➡ Porter's five forces model gives an in-depth analysis of buyers and suppliers, threats of new entrants & substitutes and competition amongst the key market players.

➡ By understanding the value chain analysis, the stakeholders can get a clear and detailed picture of this Market

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People Also Ask:

➠ What is the global sales, production, consumption, import, and export value of the Edge Computing market?

➠ Who are the leading manufacturers in the global Edge Computing industry? What is their operational status in terms of capacity, production, sales, pricing, costs, gross margin, and revenue?

➠ What opportunities and challenges do vendors in the global Edge Computing industry face?

➠ Which applications, end-users, or product types are expected to see growth? What is the market share for each type and application?

➠ What are the key factors and limitations affecting the growth of the Edge Computing market?

➠ What are the various sales, marketing, and distribution channels in the global industry?

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