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Press Release:

Global Edge Computing Market to Grow at 25.6% During 2022-2027, Spurred by Increasing Utilization of IoT-Enabled Devices

COVID-19
The pandemic continues to cause unprecedented disruption across industries worldwide.
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Edge Computing Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The global edge computing market is expected to exhibit a CAGR of 25.6% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.

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.

 

 
 

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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.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global edge computing market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on component, organization size and vertical.

Breakup by Component:

 

 
 

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  • 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:

 

 
 

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  • 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.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
Segment Coverage Component, Organization Size, Vertical, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered 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
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

1   Preface
2   Scope and Methodology 
    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3   Executive Summary
4   Introduction
    4.1    Overview
    4.2    Key Industry Trends
5   Global Edge Computing Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6   Market Breakup by Component
    6.1    Hardware
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Software
        6.2.1 Market Trends
        6.2.2 Market Forecast
    6.3    Services
        6.3.1 Market Trends
        6.3.2 Market Forecast
7   Market Breakup by Organization Size
    7.1    Small and Medium-sized Enterprises (SMEs)
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Large Enterprises
        7.2.1 Market Trends
        7.2.2 Market Forecast
8   Market Breakup by Vertical
    8.1    Manufacturing
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Energy and Utilities
        8.2.1 Market Trends
        8.2.2 Market Forecast
    8.3    Government and Defense
        8.3.1 Market Trends
        8.3.2 Market Forecast
    8.4    BFSI
        8.4.1 Market Trends
        8.4.2 Market Forecast
    8.5    Telecommunications
        8.5.1 Market Trends
        8.5.2 Market Forecast
    8.6    Media and Entertainment
        8.6.1 Market Trends
        8.6.2 Market Forecast
    8.7    Retail and Consumer Goods
        8.7.1 Market Trends
        8.7.2 Market Forecast
    8.8    Transportation and Logistics
        8.8.1 Market Trends
        8.8.2 Market Forecast
    8.9    Healthcare and Life Sciences
        8.9.1 Market Trends
        8.9.2 Market Forecast
    8.10    Others
        8.10.1 Market Trends
        8.10.2 Market Forecast
9   Market Breakup by Region
    9.1    North America
        9.1.1 United States
           9.1.1.1 Market Trends
           9.1.1.2 Market Forecast
        9.1.2 Canada
           9.1.2.1 Market Trends
           9.1.2.2 Market Forecast
    9.2    Asia Pacific
        9.2.1 China
           9.2.1.1 Market Trends
           9.2.1.2 Market Forecast
        9.2.2 Japan
           9.2.2.1 Market Trends
           9.2.2.2 Market Forecast
        9.2.3 India
           9.2.3.1 Market Trends
           9.2.3.2 Market Forecast
        9.2.4 South Korea
           9.2.4.1 Market Trends
           9.2.4.2 Market Forecast
        9.2.5 Australia
           9.2.5.1 Market Trends
           9.2.5.2 Market Forecast
        9.2.6 Indonesia
           9.2.6.1 Market Trends
           9.2.6.2 Market Forecast
        9.2.7 Others
           9.2.7.1 Market Trends
           9.2.7.2 Market Forecast
    9.3    Europe
        9.3.1 Germany
           9.3.1.1 Market Trends
           9.3.1.2 Market Forecast
        9.3.2 France
           9.3.2.1 Market Trends
           9.3.2.2 Market Forecast
        9.3.3 United Kingdom
           9.3.3.1 Market Trends
           9.3.3.2 Market Forecast
        9.3.4 Italy
           9.3.4.1 Market Trends
           9.3.4.2 Market Forecast
        9.3.5 Spain
           9.3.5.1 Market Trends
           9.3.5.2 Market Forecast
        9.3.6 Russia
           9.3.6.1 Market Trends
           9.3.6.2 Market Forecast
        9.3.7 Others
           9.3.7.1 Market Trends
           9.3.7.2 Market Forecast
    9.4    Latin America
        9.4.1 Brazil
           9.4.1.1 Market Trends
           9.4.1.2 Market Forecast
        9.4.2 Mexico
           9.4.2.1 Market Trends
           9.4.2.2 Market Forecast
        9.4.3 Others
           9.4.3.1 Market Trends
           9.4.3.2 Market Forecast
    9.5    Middle East and Africa
        9.5.1 Market Trends
        9.5.2 Market Breakup by Country
        9.5.3 Market Forecast
10  SWOT Analysis
    10.1    Overview
    10.2    Strengths
    10.3    Weaknesses
    10.4    Opportunities
    10.5    Threats
11  Value Chain Analysis
12  Porters Five Forces Analysis
    12.1    Overview
    12.2    Bargaining Power of Buyers
    12.3    Bargaining Power of Suppliers
    12.4    Degree of Competition
    12.5    Threat of New Entrants
    12.6    Threat of Substitutes
13  Price Analysis
14  Competitive Landscape
    14.1    Market Structure
    14.2    Key Players
    14.3    Profiles of Key Players
        14.3.1    ABB Ltd.
           14.3.1.1 Company Overview
           14.3.1.2 Product Portfolio 
           14.3.1.3 Financials
           14.3.1.4 SWOT Analysis
        14.3.2    Amazon Web Services (AWS) Inc.
           14.3.2.1 Company Overview
           14.3.2.2 Product Portfolio 
           14.3.2.3 SWOT Analysis
        14.3.3    Cisco Systems Inc.
           14.3.3.1 Company Overview
           14.3.3.2 Product Portfolio 
           14.3.3.3 Financials
           14.3.3.4 SWOT Analysis
        14.3.4    Digi International Inc.
           14.3.4.1 Company Overview
           14.3.4.2 Product Portfolio 
           14.3.4.3 Financials
           14.3.4.4 SWOT Analysis
        14.3.5    General Electric Company
           14.3.5.1 Company Overview
           14.3.5.2 Product Portfolio 
           14.3.5.3 Financials
           14.3.5.4 SWOT Analysis
        14.3.6    Hewlett Packard Enterprise Development LP
           14.3.6.1 Company Overview
           14.3.6.2 Product Portfolio 
        14.3.7    Huawei Technologies Co. Ltd.
           14.3.7.1 Company Overview
           14.3.7.2 Product Portfolio 
        14.3.8    IBM Corporation
           14.3.8.1 Company Overview
           14.3.8.2 Product Portfolio 
           14.3.8.3 Financials
           14.3.8.4 SWOT Analysis
        14.3.9    Intel Corporation
           14.3.9.1 Company Overview
           14.3.9.2 Product Portfolio 
           14.3.9.3 Financials
           14.3.9.4 SWOT Analysis
        14.3.10    Microsoft Corporation
           14.3.10.1 Company Overview
           14.3.10.2 Product Portfolio 
           14.3.10.3 Financials
           14.3.10.4 SWOT Analysis
        14.3.11    SAP SE
           14.3.11.1 Company Overview
           14.3.11.2 Product Portfolio 
           14.3.11.3 Financials
           14.3.11.4 SWOT Analysis
        14.3.12    Siemens AG
           14.3.12.1 Company Overview
           14.3.12.2 Product Portfolio 
           14.3.12.3 Financials
           14.3.12.4 SWOT Analysis

List of Figures

Figure 1: Global: Edge Computing Market: Major Drivers and Challenges
Figure 2: Global: Edge Computing Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Edge Computing Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: Edge Computing Market: Breakup by Component (in %), 2021
Figure 5: Global: Edge Computing Market: Breakup by Organization Size (in %), 2021
Figure 6: Global: Edge Computing Market: Breakup by Vertical (in %), 2021
Figure 7: Global: Edge Computing Market: Breakup by Region (in %), 2021
Figure 8: Global: Edge Computing (Hardware) Market: Sales Value (in Million US$), 2016 & 2021
Figure 9: Global: Edge Computing (Hardware) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 10: Global: Edge Computing (Software) Market: Sales Value (in Million US$), 2016 & 2021
Figure 11: Global: Edge Computing (Software) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 12: Global: Edge Computing (Services) Market: Sales Value (in Million US$), 2016 & 2021
Figure 13: Global: Edge Computing (Services) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 14: Global: Edge Computing (Small and Medium-sized Enterprises) Market: Sales Value (in Million US$), 2016 & 2021
Figure 15: Global: Edge Computing (Small and Medium-sized Enterprises) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 16: Global: Edge Computing (Large Enterprises) Market: Sales Value (in Million US$), 2016 & 2021
Figure 17: Global: Edge Computing (Large Enterprises) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 18: Global: Edge Computing (Manufacturing) Market: Sales Value (in Million US$), 2016 & 2021
Figure 19: Global: Edge Computing (Manufacturing) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 20: Global: Edge Computing (Energy and Utilities) Market: Sales Value (in Million US$), 2016 & 2021
Figure 21: Global: Edge Computing (Energy and Utilities) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 22: Global: Edge Computing (Government and Defense) Market: Sales Value (in Million US$), 2016 & 2021
Figure 23: Global: Edge Computing (Government and Defense) Market Forecast: Sales Value (in Million US$), 2022-2027 
Figure 24: Global: Edge Computing (BFSI) Market: Sales Value (in Million US$), 2016 & 2021
Figure 25: Global: Edge Computing (BFSI) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 26: Global: Edge Computing (Telecommunications) Market: Sales Value (in Million US$), 2016 & 2021
Figure 27: Global: Edge Computing (Telecommunications) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 28: Global: Edge Computing (Media and Entertainment) Market: Sales Value (in Million US$), 2016 & 2021
Figure 29: Global: Edge Computing (Media and Entertainment) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 30: Global: Edge Computing (Retail and Consumer Goods) Market: Sales Value (in Million US$), 2016 & 2021
Figure 31: Global: Edge Computing (Retail and Consumer Goods) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 32: Global: Edge Computing (Transportation and Logistics) Market: Sales Value (in Million US$), 2016 & 2021
Figure 33: Global: Edge Computing (Transportation and Logistics) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 34: Global: Edge Computing (Healthcare and Life Sciences) Market: Sales Value (in Million US$), 2016 & 2021
Figure 35: Global: Edge Computing (Healthcare and Life Sciences) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 36: Global: Edge Computing (Other Verticals) Market: Sales Value (in Million US$), 2016 & 2021
Figure 37: Global: Edge Computing (Other Verticals) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 38: North America: Edge Computing Market: Sales Value (in Million US$), 2016 & 2021
Figure 39: North America: Edge Computing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 40: United States: Edge Computing Market: Sales Value (in Million US$), 2016 & 2021
Figure 41: United States: Edge Computing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 42: Canada: Edge Computing Market: Sales Value (in Million US$), 2016 & 2021
Figure 43: Canada: Edge Computing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 44: Asia Pacific: Edge Computing Market: Sales Value (in Million US$), 2016 & 2021
Figure 45: Asia Pacific: Edge Computing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 46: China: Edge Computing Market: Sales Value (in Million US$), 2016 & 2021
Figure 47: China: Edge Computing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 48: Japan: Edge Computing Market: Sales Value (in Million US$), 2016 & 2021
Figure 49: Japan: Edge Computing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 50: India: Edge Computing Market: Sales Value (in Million US$), 2016 & 2021
Figure 51: India: Edge Computing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 52: South Korea: Edge Computing Market: Sales Value (in Million US$), 2016 & 2021
Figure 53: South Korea: Edge Computing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 54: Australia: Edge Computing Market: Sales Value (in Million US$), 2016 & 2021
Figure 55: Australia: Edge Computing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 56: Indonesia: Edge Computing Market: Sales Value (in Million US$), 2016 & 2021
Figure 57: Indonesia: Edge Computing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 58: Others: Edge Computing Market: Sales Value (in Million US$), 2016 & 2021
Figure 59: Others: Edge Computing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 60: Europe: Edge Computing Market: Sales Value (in Million US$), 2016 & 2021
Figure 61: Europe: Edge Computing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 62: Germany: Edge Computing Market: Sales Value (in Million US$), 2016 & 2021
Figure 63: Germany: Edge Computing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 64: France: Edge Computing Market: Sales Value (in Million US$), 2016 & 2021
Figure 65: France: Edge Computing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 66: United Kingdom: Edge Computing Market: Sales Value (in Million US$), 2016 & 2021
Figure 67: United Kingdom: Edge Computing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 68: Italy: Edge Computing Market: Sales Value (in Million US$), 2016 & 2021
Figure 69: Italy: Edge Computing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 70: Spain: Edge Computing Market: Sales Value (in Million US$), 2016 & 2021
Figure 71: Spain: Edge Computing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 72: Russia: Edge Computing Market: Sales Value (in Million US$), 2016 & 2021
Figure 73: Russia: Edge Computing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 74: Others: Edge Computing Market: Sales Value (in Million US$), 2016 & 2021
Figure 75: Others: Edge Computing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 76: Latin America: Edge Computing Market: Sales Value (in Million US$), 2016 & 2021
Figure 77: Latin America: Edge Computing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 78: Brazil: Edge Computing Market: Sales Value (in Million US$), 2016 & 2021
Figure 79: Brazil: Edge Computing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 80: Mexico: Edge Computing Market: Sales Value (in Million US$), 2016 & 2021
Figure 81: Mexico: Edge Computing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 82: Others: Edge Computing Market: Sales Value (in Million US$), 2016 & 2021
Figure 83: Others: Edge Computing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 84: Middle East and Africa: Edge Computing Market: Sales Value (in Million US$), 2016 & 2021
Figure 85: Middle East and Africa: Edge Computing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 86: Global: Edge Computing Industry: SWOT Analysis
Figure 87: Global: Edge Computing Industry: Value Chain Analysis
Figure 88: Global: Edge Computing Industry: Porter’s Five Forces Analysis

List of Tables

Table 1: Global: Edge Computing Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Edge Computing Market Forecast: Breakup by Component (in Million US$), 2022-2027
Table 3: Global: Edge Computing Market Forecast: Breakup by Organization Size (in Million US$), 2022-2027
Table 4: Global: Edge Computing Market Forecast: Breakup by Vertical (in Million US$), 2022-2027
Table 5: Global: Edge Computing Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 6: Global: Edge Computing Market: Competitive Structure
Table 7: Global: Edge Computing Market: Key Players


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Key Questions Answered in This Report

According to the estimates by IMARC Group, the global edge computing market is expected to exhibit a CAGR of 25.6% during 2022-2027.

Sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations. This has resulted in the rising adoption of remote working models across diverse industries, thereby propelling the demand for edge computing.

Rapid digitization across diverse industries has led to the extensive utilization of AI-integrated systems for analyzing large amounts of data and extracting insights, thereby driving the growth of global edge computing market.

The development of AI-powered industrial and surgical robots, along with increasing investments to improve the AI-based infrastructures, represent some of the key trends in the global edge computing market.

On the basis of the component, the market has been bifurcated into hardware, software, and services.

On the basis of the organization size, the market has been classified into small and medium-sized enterprises (SMEs), and large enterprises.

Region-wise, the market has been classified into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.

The key companies in the global edge computing market are 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.

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