Edge Computing Market Size, Share, By Component (Software, and Services), By Deployment Mode (On-Premises, and Cloud-Based), By Application (Social Reporting, Environmental Reporting, and Governance Reporting), By End-User (Financial Services, Healthcare, Retail, Manufacturing, Technology, Others) and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) – Market Trends, Analysis and Forecast till 2034

Edge Computing Market Size was valued at USD 60.5 billion in 2024 and is projected to grow at a CAGR of 13.5% to reach USD 191.4 billion by 2034.

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 centres 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.

Edge Computing Market Drivers:   

The Internet of Things' (IoT) ascent

• The internet is being used by billions of devices, creating enormous volumes of data that must be handled and examined. By doing this closer to the data generation location, edge computing lowers latency and bandwidth needs.
• The need for low-latency processing: Low-latency processing is necessary for some applications, like industrial automation and driverless cars. Real-time data processing is also necessary. By cutting down on the time it takes for data to go to a central cloud server, edge computing can assist in meeting these requirements.

Increasing significance of machine learning (ML) and artificial intelligence (AI)

• ML and AI systems are able to examine data and make judgments at the edge. For jobs like anomaly detection and predictive maintenance, this can be useful.
• Adoption of 5G: Compared to earlier cellular network generations, 5G networks promise lower latency and higher throughput. This will enable the edge to host increasingly sophisticated applications.
• Increasing concerns about data security and privacy: Concerns over data security and privacy are growing. By storing data on-site or near its source, edge computing can help allay these worries.

Restrains in the Edge Computing Market:

High Implementation Costs

• Setting up and keeping up an infrastructure for edge computing can be costly. This covers the price of the necessary software, hardware, and continuing maintenance.
• Complexity: It can be difficult to manage a dispersed network of edge devices. This covers duties including security, monitoring, and provisioning.

Restricted resources

• Compared to cloud servers, Edge devices usually have lower processing, storage, and memory speeds. The kinds of apps that can be used at the edge may be restricted as a result.
• Security: Compared to cloud servers, Edge devices may be more susceptible to security breaches. This is due to the fact that they could not have the same level of security controls and are frequently situated in less secure areas.
• Standardization: The market for edge computing is not well-standardized. As a result, it could be challenging for various edge devices and platforms to work together

Key Opportunities in Edge Computing Market:

Vertical-specific solutions

• Creating edge computing solutions that are adapted to the particular requirements of various sectors, including transportation, healthcare, and manufacturing.
• Creating a smooth interface for edge computing platforms to work with the increasing number of IoT devices.

Put security and manageability first:

• Develop edge computing solutions that are both safe and simple to use while taking prospective users' worries into consideration.
• Assisting in the creation of guidelines that will improve communication between various edge platforms and devices.
• Forming alliances with other businesses in the edge computing ecosystem in order to create and provide all-inclusive solutions.

Edge Computing Market is segmented based on based on Component, Application, End-User and Region.

Components Insight

• Hardware: This refers to the actual hardware, such as servers, microcontrollers, sensors, and gateways, that is utilized in edge computing.
• Services: These are the expert services that businesses provide to assist enterprises with the planning, execution, and management of their edge computing implementations. This can involve continuing support, system integration, and consultation.
• Platforms: These are the core technologies that make edge application creation, deployment, and management possible. At the network's edge, edge platforms offer a means of gathering, processing, analyzing, and storing data. They provide a range of resources and services that streamline the development and operation of edge applications.
• Solutions: These are ready-made programs and services created to meet particular edge business requirements. Artificial intelligence, machine learning, and other cutting-edge technologies can be used by edge solutions to facilitate autonomous decision-making at the edge and to deliver real-time insights.

Application Insights

• Location Services: Edge computing can process device location data to deliver more precise and timely results for applications such as emergency response or navigation.
• Analytics and Data Caching: Analysing and storing data locally helps expedite the retrieval of frequently used information and speed up analytics.
• Smart Cities: Real-time traffic flow management, building energy efficiency, and enhanced public safety are all possible with edge computing.
• Environmental Monitoring: To measure the quality of the air and water or keep an eye on the weather, sensors at the network's edge can gather and analyze environmental data.
• Optimized Local Content: Content Delivery Networks (CDNs), Personalization, and Content Caching all contribute to optimized local content.
• Augmented Reality (AR): Edge computing can assist in providing the high-bandwidth, low-latency processing required for the proper operation of AR applications.
• Other: Edge computing has a wide range of other possible uses in sectors like retail, healthcare, and industrial automation.

End-User Insights

• Telecommunication & IT: By processing data closer to users, edge computing allows telecom companies to increase network performance. This lowers latency and enhances the quality of online gaming and video conferencing services.
• Healthcare: Edge computing is being used by clinics and hospitals to enhance patient care. For example, edge devices can track a patient's vital signs in real time and notify medical personnel if something seems off.
• Government and Public: Better Infrastructure Management Increased Public Safety, Better Citizen Services.
• Retail: To give customers a more customized shopping experience, retailers are utilizing edge computing. Edge devices have the ability to track a customer's location within a store and provide personalized promotions or product details.
• Media & Entertainment: Personalized Content Delivery, Augmented Reality, and Content Delivery Networks (CDNs).
• Transportation: To optimize traffic flow, increase fleet management, and improve the entire transportation experience, transportation businesses are utilizing edge computing. This can involve optimizing delivery vehicles' routes and making real-time adjustments to traffic signals.
• Energy and Utilities: To enhance grid management and maximize energy use, energy corporations are utilizing edge computing. Edge devices, for instance, can be used on power grids to track energy usage and pinpoint regions in need of improvement.
• Manufacturing: To enhance quality control, optimize production lines, and perform predictive maintenance, manufacturing firms are utilizing edge computing. Machine sensors are able to gather information and do local analysis in order to predict possible problems before they arise.

Edge Computing Market Regional Insights:

On region the Edge Computing Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

• North America: The demand for low-latency processing, the widespread deployment of IoT devices, the existence of significant technology hubs, and the presence of well-established suppliers are all contributing factors to the region's current estimation as the largest edge computing market.
• Europe: Europe is a major market for edge computing solutions because of its strong manufacturing base and emphasis on technical improvements.
• Asia Pacific: Due to factors like: Rapid growth of economies and industries, Asia Pacific is predicted to grow at the quickest rate in the upcoming years. Government spending on building infrastructure is rising, and smart city projects are being more widely adopted.
• Latin America: As this region strives to upgrade their infrastructure and implement new technologies, it is anticipated that these markets will witness growth in the edge computing space.
• Middle East & Africa: The use of edge computing is still in its early stages in this area.  Nonetheless, it is anticipated that government programs encouraging digital transformation and boosting spending on oil and gas exploration will drive market expansion in the upcoming years.

Edge Computing Market Report Scope:

Attribute	Details
Market Size 2024	USD 60.5 Billion
Projected Market Size 2034	USD 191.4 Billion
CAGR Growth Rate	13.5%
Base year for estimation	2023
Forecast period	2024-2034
Market representation	Revenue in USD Billion & CAGR from 2024 to 2034
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 2024 to 2034. For the purpose of this study, has segmented the Edge Computing Market report based on Component, application By End-User and Region:

Edge Computing Market, By Components:

• Hardware
• Services
• Platform
• Solutions

Edge Computing Market, By Application:

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

Edge Computing Market, By End-User:

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

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 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.

• In July 2022: Lumen Technologies is investing in its worldwide Edge network and extending its Edge Computing Solutions into Europe. This will provide low latency platform for enterprises to push their data-intensive, high-bandwidth applications to the cloud edge. This growth is a result of Lumen's continued dedication to providing cutting-edge solutions that transform digital experiences and satisfy the demands of today's multinational corporations.
• In May 2022, Ericsson, Intel, Telefónica, Deep Sight, and Capgemini Engineering integrated the 5G SA network and a multiaccess edge computing platform, marking a step toward network as a service. 5TONIC is an open research and innovation laboratory focused on 5G technologies, founded by Telefónica and IMDEA Networks.

• 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.
• Huawei Technologies Co. Ltd.

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

Research Objective and Assumption

• Preface
• Research Objectives
• Study Scope
• Years Considered for the study
• Assumptions
• Abbreviations

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

Market Preview

• Executive Summary
• Key Findings—Global Outlook for AI in Video Surveillance Strategies
  • Key Questions this Study Will Answer
  • Market Snippet, By Component
  • Market Snippet, By Application
  • Market Snippet, By End-User
  • Market Snippet, By Region
• Opportunity Map Analysis
• Executive Summary—3 Big Predictions

Market Dynamics, Regulations, and Trends Analysis

• Market Dynamics
  • Drivers
  • Restrains
  • Market Opportunities
  • Market Trends
• DR Impact Analysis
• PEST Analysis
• Porter’s Five Forces Analysis
• Opportunity Orbit
• Market Investment Feasibility Index
• Macroeconomic Factor Analysis

Market Segmentation, By Component, Forecast Period up to 10 Years, (US$ Bn)

• Overview
  • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
  • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
  • Segment Trends
• Hardware
  • Overview
  • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
• Services
  • Overview
  • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
• Platforms
  • Overview
  • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
• Services
  • Overview
  • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years

Market Segmentation, By Application, Forecast Period up to 10 Years, (US$ Bn)

• Overview
  • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
  • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
  • Segment Trends
• Location Services
  • Overview
  • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
• Analytics
  • Overview
  • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
• Data caching
  • Overview
  • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
• Smart cities
  • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
  • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
  • Segment Trends
• Environment Monitoring
  • Overview
  • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
• Optimized local content
  • Overview
  • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
• Augmented Reality
  • Overview
  • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
• Others
  • Overview
  • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years

Market Segmentation, By End-User, Forecast Period up to 10 Years, (US$ Bn)

• Overview
  • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
  • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
  • Segment Trends
• Telecommunication & IT
  • Overview
  • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
• Healthcare
  • Overview
  • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
• Government & Public
  • Overview
  • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
• Retail
  • Overview
  • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
• Media & Entertainment
  • Overview
  • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
• Transport
  • Overview
  • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
• Energy & Utilities
  • Overview
  • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
• Manufacturing
  • Overview
  • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years

Global Market, By Region, Forecast Period up to 10 Years, (US$ Bn)

• Overview
  • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
  • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
  • Regional Trends
• North America
  • Market Size and Forecast (US$ Bn), By Component, Forecast Period up to 10 Years
  • Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
  • Market Size and Forecast (US$ Bn), By End-User, Forecast Period up to 10 Years
  • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
    • U.S.
    • Canada
• Europe
  • Market Size and Forecast (US$ Bn), By Component, Forecast Period up to 10 Years
  • Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
  • Market Size and Forecast (US$ Bn), By End-User, Forecast Period up to 10 Years
  • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
    • UK
    • France
    • Germany
    • Russia
    • Italy
    • Rest of Europe
• Asia Pacific
  • Market Size and Forecast (US$ Bn), By Component, Forecast Period up to 10 Years
  • Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
  • Market Size and Forecast (US$ Bn), By End-User, Forecast Period up to 10 Years
  • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
    • India
    • Japan
    • South Korea
    • China
    • Rest of Asia Pacific
• Latin America
  • Market Size and Forecast (US$ Bn), By Component, Forecast Period up to 10 Years
  • Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
  • Market Size and Forecast (US$ Bn), By End-User, Forecast Period up to 10 Years
  • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
    • Brazil
    • Mexico
    • Rest of Latin America

• Middle East & Africa
  • Market Size and Forecast (US$ Bn), By Component, Forecast Period up to 10 Years
  • Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
  • Market Size and Forecast (US$ Bn), By End-User, Forecast Period up to 10 Years
  • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
    • GCC
    • Israel
    • South Africa
    • Rest of Middle East

Competitive Landscape

• Heat Map Analysis
• Market Presence and Specificity Analysis

Company Profiles

• 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.
• Huawei Technologies Co. Ltd.

The Last Word

• Future Impact
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