Emerging Trends Influencing The Growth Of The Edge Computing Market: Launch Of Next-Gen Edge Gateway Device To Enhance Real-Time Data Processing

The Edge Computing Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].

How Big Is the Edge Computing Market Size Expected to Be by 2034?
The market for edge computing has seen tremendous growth, with its size multiplying rapidly in the past few years. Forecasts predict it to increase from a staggering $31.35 billion in 2024 to an impressive $45.14 billion in 2025, showing a compound annual growth rate (CAGR) of 44.0%. Factors driving this increase during the historic period include a rise in IoT and connected devices, the growing need for less latency in processing, increasing data creation and real-time analytics, evolution of smart cities and intelligent infrastructure, and a surge in demand for decentralized computing.

In the coming years, a significant surge in the size of the edge computing market is projected, escalating to $194.42 billion in 2029 with a compound annual growth rate (CAGR) of 44.1%. This growth during the forecast period is likely to be driven by the increasing demand for rapid data processing, surges in smart infrastructure and smart cities projects, the heightened use of autonomous vehicles and linked cars, growing applications in healthcare such as remote patient tracking, and its widening role in finance services including real-time fraud detection. The upcoming trends for the forecast period include the convergence of IoT and edge computing, a transition towards hybrid cloud and edge computing frameworks, progress in eco-friendly edge computing solutions, the utilization of edge computing for remote patient monitoring in healthcare, and the acceptance of networking technology.

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What Are the Emerging Segments Within the Edge Computing Market?
The edge computing market covered in this report is segmented -

1) By Component: Hardware, Software, Services
2) By Technology: Mobile Edge Computing, Fog Computing
3) By Organization Size: Small And Medium-Sized Enterprises, Large Enterprises
4) By Application: Connected Cars, Smart Grids, Critical Infrastructure Monitoring, Traffic Management, Environmental Monitoring, Augmented Reality, Assets Tracking, Security And Surveillance
5) By End-User: Financial And Banking Industry, Retail, Healthcare And Life Sciences, Industrial, Energy And Utilities, Telecommunications, Other End-Users

Subsegments:
1) By Hardware: Edge Servers, Gateways, Routers, Processors: Sensors And Actuators, Networking Equipment
2) By Software: Edge AI Platforms, Edge Data Management Platforms, Edge Security Software, Network Management Software, Application Deployment And Orchestration Platforms
3) By Services: Professional Services, Managed Services

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What Long-Term Drivers Are Shaping Edge Computing Market Trends?
The upsurge in the use of the Internet of Things (IoT) is anticipated to fuel the expansion of the edge computing market in the time ahead. IoT involves an interconnected system of tangible objects, vehicles, household appliances, sensors, fused with software and connectivity that facilitate them to gather, interchange and engage with data via the internet. This surge in IoT adoption is mainly due to the rising demand for automated efficiency and data-guided decision making. As industries and consumers aim to better operational efficiency reducing human intervention, IoT supports the automation of a multitude of tasks by connecting devices and systems. IoT and edge computing are deeply interconnected, aiding in immediate data processing and decision making at or close to the origination of data rather than depending on remote data centers. For example, in January 2022, the GSM Association, a non-profit industry organization based in the UK, projected that the total number of IoT connections is expected to surpass 23.3 billion by 2025, a significant increase from the 15.1 billion connections recorded in 2021. Therefore, it's clear that the rising implementation of the Internet of Things (IoT) is pushing the growth of the edge computing market.

Who Are the Top Competitors in Key Edge Computing Market Segments?
Major companies operating in the edge computing market are Microsoft Corporation, Amazon Web Services Inc, Dell Inc, Siemens AG, Lenovo Group Limited, Intel Corporation, International Business Machines Corporation, Cisco Systems Inc, Schneider Electric, Google Cloud, Hewlett Packard Enterprise (HPE), NVIDIA Corporation, Eaton Corporation plc, WINSYSTEMS Inc, Rockwell Automation, Super Micro Computer Inc, Advantech Co Ltd, ADLINK Technology Inc, Stratus Technologies, Scale Computing, Foghorn Consulting, ClearBlade, GE Digital

What Edge Computing Market Trends Are Gaining Traction Across Different Segments?
Prominent players in the edge computing arena are concentrating on rolling out cutting-edge products like next-generation edge gateway devices, with an aim to boost real-time data handling, bolster network efficiency, and facilitate fluid connectivity. These devices present a contemporary hardware strategy that accelerates data processing and fosters smooth operations between edge devices and cloud platforms, thus reducing latency and enhancing network's performance. For example, Belden, a Germany-based key provider of specialty networking solutions, introduced the OpEdge-8D in August 2022. This sturdy edge gateway device, suitable for DIN rail mounting, melds IT (Information Technology) and OT (Operational Technology), aiding organizations in efficiently interfacing their operational structures with informational systems. The device is equipped to host applications like containers and virtual machines (VMs) in the network edge, which sharpens real-time data handling and results in actionable insights. This in turn helps to refine operational competence and simplify data governance.

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Which Regions Are Becoming Hubs for Edge Computing Market Innovation?
North America was the largest region in the edge computing market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the edge computing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Edge Computing Market?
2. What is the CAGR expected in the Edge Computing Market?
3. What Are the Key Innovations Transforming the Edge Computing Industry?
4. Which Region Is Leading the Edge Computing Market?

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