Edge Computing Market Size | Industry Report Growth 2020-2025

Press Release:

Global Edge Computing Market to Exhibit Strong Growth During 2020-2025, Spurred by Increasing Utilization of IoT-Enabled Devices

*As the coronavirus disease (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

Edge Computing Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025

Market Overview:

The global edge computing market is currently experiencing robust growth. Edge computing is a networking solution that reduces the number of processes running on the cloud and moves them to local devices, such as the user’s computer, an IoT device, or an edge server. It minimizes the amount of long-distance communication between the client and the server, which decreases latency and improves process efficiency. Consequently, several organizations are adopting edge computing as it lowers bandwidth use, associated costs, and server resources.

Edge Computing Market

The robust growth of the Internet of Things (IoT) and associated devices represents the primary growth-inducing factor. Market players are integrating edge computing solutions with IoT-enabled devices to improve internet connectivity for receiving and delivering data to and from the cloud. Apart from this, the implementation of multi-access edge computing (MEC) by telecom companies has enhanced application performance and mitigated network congestion. Edge computing also enables companies to save costs by reducing the amount of data that needs to be processed in a centralized or cloud-based location by processing it locally. Moreover, the development of faster networking technologies, such as 5G wireless, allows edge computing systems to support real-time applications, like video processing and analytics, self-driving cars, artificial intelligence (AI) and robotics. Furthermore, edge computing is playing a crucial role in organizations worldwide, with a significant rise in the number of work-from-home jobs due to the outbreak of coronavirus disease (COVID-19). It has also improved the network performance of streaming services that have witnessed an increase in their subscriber base during the pandemic. Looking forward, IMARC Group expects the global edge computing market to continue its strong growth during the next five years.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global edge computing market report, along with forecasts for growth at the global, regional and country level from 2020-2025. Our report has categorized the market based on region, component, organization size and vertical.

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 Region:

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

Competitive Landscape:

The competitive landscape of the industry has also been examined with some of the key players being 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 and Siemens AG.

Key Questions Answered in This Report:

How has the global edge computing market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global edge computing market?
What are the key regional markets?
What is the breakup of the market based on the component?
What is the breakup of the market based on the organization size?
What is the breakup of the market based on the vertical?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global edge computing market and who are the key players?
What is the degree of competition in the industry?