The Europe edge computing market is projected to exhibit a growth rate (CAGR) of 29.70% during 2023-2028. The growing demand for low-latency processing, increasing utilization of advanced computing solutions that safeguard critical data processing even when network connections are intermittent or unavailable, and rising need to minimize delays represent some of the key factors driving the market.
Edge computing is a technological approach that comprises processing, analyzing, and managing data closer to the source where it is generated, rather than sending all the data to a centralized cloud server for processing. It employs processing capabilities within the proximity of data-producing devices, such as sensors, machinery, and the internet of things (IoT) devices. It aims to minimize data transfer latency, optimize real-time data processing, and enhance decision-making capabilities. It is suitable for applications where speed and responsiveness are crucial. It allows businesses to gather rapid insights for efficient utilization of resources by distributing computational tasks across a network of devices and localized servers. It also enables companies to overcome challenges related to network congestion and latency. It aids in optimizing resource usage by filtering and analyzing data locally and transmitting only the relevant insights to the cloud for further processing and storage. It assists in providing faster decision-making, enhancing responsiveness, and conserving network bandwidth. It is beneficial in enhancing the reliability of the system by minimizing reliance on a single central data center. As it offers enhanced data privacy and reduces the risk of unauthorized access during data transfer, the demand for edge computing is rising in Europe.
Europe Edge Computing Market Trends:
At present, the rising demand for low-latency processing, along with the need to minimize delays, represents one of the major factors influencing the market positively in Europe. Moreover, the rising adoption of solutions that benefit in managing huge amounts of data effectively and enable businesses to make informed decisions effectively is strengthening the growth of the market in Europe. Apart from this, the growing demand for edge computing among organizations seeking solutions that offer more localized control over sensitive information is offering a positive market outlook in Europe. Additionally, the rising adoption of edge computing for applications that require immediate actions based on data analysis is offering lucrative growth opportunities to industry investors in the region. In line with this, the increasing utilization of advanced computing solutions that safeguard critical data processing even when network connections are intermittent or unavailable is impelling the growth of the market. Besides this, there is a rise in the demand for localized data processing in several sectors in Europe. This, coupled with the increasing emergence of fifth-generation (5G) networks and infrastructures, is supporting the growth of the market in the region. In addition, the rising demand for solutions that aid in compliance with stringent data protection laws is bolstering the growth of the market in Europe.
Europe Edge Computing Market Segmentation:
IMARC Group provides an analysis of the key trends in each segment of the Europe edge computing market report, along with forecasts at the regional and country levels for 2023-2028. Our report has categorized the market based on component, organization size, and vertical.
The report has provided a detailed breakup and analysis of the market based on the component. This includes hardware, software, and services.
Organization Size Insights:
- Small and Medium-sized Enterprises (SMEs)
- Large Enterprises
A detailed breakup and analysis of the market based on the organization size has also been provided in the report. This includes small and medium-sized enterprises (SMEs) and large enterprises.
- Energy and Utilities
- Government and Defense
- Media and Entertainment
- Retail and Consumer Goods
- Transportation and Logistics
- Healthcare and Life Sciences
A detailed breakup and analysis of the market based on the vertical has also been provided in the report. This includes 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.
- United Kingdom
The report has also provided a comprehensive analysis of all the major regional markets, which include Germany, France, United Kingdom, Italy, Spain, and Others.
The report has also provided a comprehensive analysis of the competitive landscape in the market. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.
Europe Edge Computing Market Report Coverage:
|Base Year of the Analysis
| Historical Period
|Scope of the Report
||Exploration of Historical and Forecast Trends, Industry Catalysts and Challenges, Segment-Wise Historical and Predictive Market Assessment:
- Organization Size
||Hardware, Software, Services
|Organization Sizes Covered
||Small and Medium-sized Enterprises (SMEs), Large Enterprises
||Manufacturing, Energy and Utilities, Government and Defense, BFSI, Telecommunications, Media and Entertainment, Retail and Consumer Goods, Transportation and Logistics, Healthcare and Life Sciences, Others
||Germany, France, United Kingdom, Italy, Spain, Others
||10% Free Customization
|Report Price and Purchase Option
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|Post-Sale Analyst Support
||PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)
Key Questions Answered in This Report:
- How has the Europe 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 Europe edge computing market?
- What is the breakup of the Europe edge computing market on the basis of component?
- What is the breakup of the Europe edge computing market on the basis of organization size?
- What is the breakup of the Europe edge computing market on the basis of vertical?
- What are the various stages in the value chain of the Europe edge computing market?
- What are the key driving factors and challenges in the Europe edge computing market?
- What is the structure of the Europe edge computing market and who are the key players?
- What is the degree of competition in the Europe edge computing market?
Key Benefits for Stakeholders:
- IMARC’s report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the Europe edge computing market from 2017-2028.
- The research study provides the latest information on the market drivers, challenges, and opportunities in the Europe edge computing market.
- Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the Europe edge computing industry and its attractiveness.
- Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.