Edge Computing Market, By Component (Hardware, Services, Platform, and Solutions), By Application (Location Services, Analytics, Data Caching, Smart Cities, Environmental Monitoring, Optimized Local Content, Augmented Reality, Optimized Local Content, and Others), By End-User (Telecommunication & IT, Healthcare, Government & Public, Retail, Media & Entertainment, Transportation, Energy & Utilities, and Manufacturing), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis, and Forecast till 2029

Edge computing is an emerging computing paradigm that refers to a range of networks and devices close to the user. Edge is processing data closer to where it is being generated, enabling processing at greater speed and volume, resulting in more action-driven results in real time. Edge computing is the computational process of moving sensor data away from centralized nodes and closer to the logical edge of the network, to individual sources of data. It can be referred to as a distributed IT network architecture that enables mobile computing for locally produced data. Edge computing is a distributed computing framework that brings enterprise applications closer to data sources such as IoT devices or local edge servers. Edge computing is the practice of processing data close to your network rather than in a centralized data-processing warehouse. This reduces the communication bandwidth between central data centers and end-user devices. Edge computing allows for data-stream acceleration, mobile signature analysis and data caching. Edge computing enables smart applications and devices to respond to data almost instantaneously, as it is designed to eliminate lag time. Edge computing involves efficient large-scale data processing that can be processed close to the source, reducing Internet bandwidth usage. The need to mitigate privacy concerns associated with transmitting large amounts of data, as well as latency and bandwidth issues that limit an organization's data transmission capabilities, are projected to drive market growth in the coming years. Global Edge Computing Market size accounted for US$ 4.68 billion in 2020 and is estimated to be US$ 108.55 billion by 2030 and is anticipated to register a CAGR of 37.3%.

Increasing penetration of Internet & increasing adoption

Increasing penetration of Internet of Things (IoT) and increasing adoption of cloud services and solutions are the major factors driving the growth of the global edge computing market. Additionally, increasing adoption of connected devices and growing smart city projects are other factors that will drive the growth of the global edge computing market during the upcoming period. The increasing adoption of real time and big data analytics are driving the growth of global edge computing. These are another factor expected to drive the growth of the global edge computing market over the forecast period. However, high deployment costs and concerns related to data security are the major factors restraining the growth of the global edge computing market. Additionally, lack of skilled workforce is another factor hindering the growth of the global edge computing market during the forecast period.

Technological advancement

Edge computing is a distributed information technology (IT) architecture in which client data is processed at the perimeter of the network, as close as possible to the original source. The adoption of edge computing is high among large enterprises and this trend is expected to continue during the forecast period. This is due to their ability to adapt as well as take advantage of advanced technologies including edge computing. Moreover, the enterprise has its offices in the region. Edge computing is not a new concept, but its rise in popularity can be attributed to the consistent growth of IoT devices. The increasing adoption of IIoT and the need to manage the increasing volume of data generated by IIoT deployments is expected to drive the growth of the global edge computing market.

Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.

The Global Edge Computing Market is segmented based on component, application, end user and region.

On the basis of component, the target market is segmented into hardware, services, platform, and solutions. Based on application the global market has been segmented into location services, analytics, and data caching, smart cities, environmental monitoring, optimized local content, augmented reality, and optimized local content among others. Based on end-user target market has been categorized into telecommunication & IT, healthcare, government & public, retail, media & entertainment, transportation, energy & utilities, and manufacturing. Hardware is growing in popularity in the field service landscape and is expected to hold the largest market size during the forecast period. As the number of IoT and IIoT is increasing rapidly, so is the amount of data generated by these devices. To cope with the volume of data being generated, edge computing hardware is used to reduce the burden in the cloud and data center.

Regional Insights:

Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.

On region the Global Edge Computing Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is expected to hold the largest market share in the target market among other regions over the forecast period. The growth is attributing to development of IT infrastructures, which is compatible with 4G LTE and 5G networks in the region. This in turn propels the broadband connectivity and increase the number of smart phone subscribers and drives growth of the target market in the region. The market in Europe accounts for second highest share in the target market among other regions over the forecast period. The market in Asia Pacific is anticipated to register highest growth rate in terms of revenue, owing to rising digitization, and increasing adoption of big data analytics among countries in this region.

Report Scope:

Attribute	Details
Base year for estimation	2020
Forecast period	2020 – 2030
Market representation	Revenue in USD Billion & CAGR from 2020 to 2030
Market Segmentation	By Component - Hardware, Services, Platform, and Solutions By Application - Location Services, Analytics, Data Caching, Smart Cities, Environmental Monitoring, Optimized Local Content, Augmented Reality, Optimized Local Content, and Others By End-User - Telecommunication & IT, Healthcare, Government & Public, Retail, Media & Entertainment, Transportation, Energy & Utilities, and Manufacturing
Regional scope	North America - U.S., Canada Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa
Report coverage	Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2020 to 2030. For the purpose of this study, has segmented the Global Edge Computing Market report based on test, application, and region:

 Global Edge Computing Market, By Component:

• Hardware
• Services
• Platform
• Solutions

Global Edge Computing Market, By Application:

• Location Services
• Analytics
• Data Caching
• Smart Cities
• Environmental Monitoring
• Optimized Local Content
• Augmented Reality
• Optimized Local Content
• Others

Global Edge Computing Market, By End User:

• Telecommunication & IT
• Healthcare
• Government & Public
• Retail
• Media & Entertainment
• Transportation
• Energy & Utilities
• Manufacturing

 Global Edge Computing Market, By Region:

• • • North America
      • • U.S.
        • Canada
    • Europe
      • • Germany
        • UK
        • France
        • Russia
        • Italy
        • Rest of Europe
    • Asia Pacific
      • • China
        • India
        • Japan
        • South Korea
        • Rest of Asia Pacific
    • Latin America
      • • Brazil
        • Mexico
        • Rest of Latin America
    • Middle East & Africa
      • • GCC
        • Israel
        • South Africa
        • Rest of Middle East & Africa

The key players operating the  Global Edge Computing Market includes International Business Machines Corporation, Cisco Systems Inc., Instant Data Centers, Microsoft Corporation, Fujitsu Limited, Amazon Web Services, Nokia Corporation, AT&T Inc., FogHorn Systems Inc., and Huawei Technologies Co. Ltd. For instance, in September 2022, Nokia (NOK) Augments MXIE Capabilities for Enterprises. Nokia Corporation NOK recently augmented its enterprise partner ecosystem through improved MX Industrial Edge (MXIE) capabilities. Nokia's C-band portfolio supports 5G standalone and non-standalone networks, open RAN products and cloud-based implementations. The company is changing the way people communicate and connect with each other by incorporating ultra-broadband access, a seamless transition to 5G technology, cloud applications and the Internet of Things and software and IP defined networking.

• International Business Machines Corporation*
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
• Cisco Systems Inc.
• Instant Data Centers
• Microsoft Corporation
• Fujitsu Limited
• Amazon Web Services
• Nokia Corporation
• AT&T Inc.
• FogHorn Systems Inc.
• Huawei Technologies Co. Ltd.

 “*” marked represents similar segmentation in other categories in the respective section

1. Research Objective and Assumption
   • Preface
   • Research Objectives
   • Study Scope
   • Years Considered for the study
   • Assumptions
   • Abbreviations
2. Research Methodology
   • Research data
   • Primary Data
     • Primary Interviews
     • Primary Breakdown
     • Key data from Primary Sources
     • Key Thickness Insights
   • Secondary Data
     • Major Secondary Sources
     • Secondary Sources
   • Market Estimation
   • Top-Down Approach
     • Approach for estimating Market Share by Top-Down Analysis (Supply Side)
   • Bottom-Up Approach
     • Approach for estimating market share by Bottom-up Analysis (Demand Side)
   • Market Breakdown and Data Triangulation
   • Research Assumptions
   • PORTER’s
   • Investment Outlook
3. Market Purview
   • Executive Summary
   • Key Findings—Global Outlook for Edge Computing Strategies
     • Key Questions this Study will Answer
     • • By Component (Hardware, Services, Platform, and Solutions),
       • By Application (Location Services, Analytics, Data Caching, Smart Cities, Environmental Monitoring, Optimized Local Content, Augmented Reality, Optimized Local Content, and Others),
       • By End-User (Telecommunication & IT, Healthcare, Government & Public, Retail, Media & Entertainment, Transportation, Energy & Utilities, and Manufacturing),
       • By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa)
   • Opportunity Map Analysis
   • Executive Summary—3 Big Predictions
4. Market Dynamics, Regulations, and Trends Analysis
   • Market Dynamics
     • Drivers
     • Restraints
     • Market Opportunities
     • Market Trends
   • DR Impact Analysis
   • PEST Analysis
   • Porter’s Five Forces Analysis
   • Opportunity Orbit
   • Overview
   • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
   • Y-o-Y Growth Analysis (%), 2020 – 2030
   • Regional Trends
   • Market Investment Feasibility Index
   • Macroeconomic Factor Analysis
5. Regional Analysis
   • Regional Revenue Analysis
   • Regional By segment Analysis
   • Reasons for regional growth
   • Key Player of particular region
   • Countries Include in the report:

1. • • North America (U.S., Canada)
     • Europe (UK, France, Germany, Russia, Italy, Rest of Europe)
     • Asia Pacific (India, Japan, South Korea, China, Rest of Asia Pacific)
     • Latin America (Brazil, Mexico, Rest of Latin America)
     • Middle East & Africa (GCC, Israel, South Africa, Rest of Middle East)

1. Competitive Landscape
   • Heat Map Analysis
   • Market Presence and Specificity Analysis
   • Competitive Overview
   • Competitive Benchmarking
   • Market Share Analysis
   • Key Developments In The Global Edge Computing Market
   • Key Developments: Mergers & Acquisitions
   • Key Developments: Collaboration
   • Key Developments: Contracts & Agreements
   • Key Developments: Expansion
   • Key Developments: Product Developments
2. Company Profiles

• Company Overview
• Product Portfolio
• Key Highlights
• Financial Performance
• Business Strategies
• SWOT Analysis

• International Business Machines Corporation, Cisco Systems Inc., Instant Data Centers, Microsoft Corporation, Fujitsu Limited, Amazon Web Services, Nokia Corporation, AT&T Inc., FogHorn Systems Inc., and Huawei Technologies Co. Ltd.

1. The Last Word
   • Future Impact
   • About Us
   • Contact