Dublin, Feb. 27, 2023 (GLOBE NEWSWIRE) -- The "Global Edge Computing Market - Analysis By Component (Hardware, Software, Service), Application (IIOT, Remote Monitoring, AR and VR, Content Delivery, Others), End-User, By Region, By Country: Market Size, Insights, Competition, Covid-19 Impact and Forecast (2023-2028)" report has been added to ResearchAndMarkets.com's offering.
Global Edge Computing Market was valued at $22.85 billion in the year 2021, before reaching a value of $30.6 billion at the start of 2023. The market is now projected to reach a value of $190.1 billion by 2028, growing at a staggering CAGR of 36.8%.
The edge computing market is highly dynamic, fuelled by a growing range of use cases with key service requirements, such as low latency performance, reduced bandwidth demands, and data security and sovereignty. Edge computing brings processing capabilities closer to the end user. Demand for new applications means the time is ripe for edge - consumers want low latency for real-time experiences and enterprises require local processing for secure and resilient operations.
The market expansion can be attributed to the development of technology, the rise in enterprise clients, large-scale investments, the expansion of BYOD usage in recent workplaces, and rising latency connectivity need. Companies around the world use key strategies such as Component launches, business expansions, mergers and acquisitions, patents and approvals, agreements and collaborations.
In terms of applications, the IIOT (Industrial Internet of Things) segment dominated the edge computing industry. Industrial Businesses have adopted edge computing at a quicker rate in order to improve IOT device interoperability, lower unexpected downtime challenges and enhance production efficiency.
The quick processing power of edge devices will drive everything, including remote work and commutes to the workplace. Edge computing and 5G are opening a world of new revenue opportunities across manufacturing, transport, gaming and more.
The report tracks competitive developments, strategies, mergers and acquisitions and new product development.
The companies analysed in the report include
- Microsoft Corporation
- SAP SE
- Cisco Systems, Inc
- Amazon.com
- ABB
- Huawei Technologies Co., Ltd
- Rockwell Automation, Inc
- Honeywell International Inc
- General Electric Company
- Hewlett Packard Enterprise
Key Metrics
| Report Attribute | Details |
| No. of Pages | 300 |
| Forecast Period | 2023 - 2028 |
| Estimated Market Value (USD) in 2023 | $30.6 Billion |
| Forecasted Market Value (USD) by 2028 | $190.1 Billion |
| Compound Annual Growth Rate | 36.8% |
| Regions Covered | Global |
Key Topics Covered:
1. Introduction
1.1 Edge Computing Overview
1.2 Scope of Research
2. Executive Summary
2.1 Market Dashboard
2.2 Regional Insights
2.3 Market Ecosystem Factors
3. Research Methodology
3.1 Data Collection Process
3.2 Market Trajectory Estimation
3.3 Market Size Calculation
4. Edge Computing Market Dynamics
4.1 Drivers
4.2 Restraints
4.3 Opportunities
4.4 Trends
4.5 Impact assessment of Market Dynamics
5. Value Chain Analysis
5.1 Hardware Vendors
5.2 Application/ Software
5.3 Edge Computing Solution Vendors
5.4 End Use Industry
6. Covid-19 Impact Assessment
6.1 Assessment of Degree of Impact of Covid-19 on Edge Computing Market
6.2 Region-Wise Quarterly Covid Impact Analysis
7. Porter Five Force Analysis
8. Macro Economic Indicator Outlook
8.1 IOT Industry Growth
8.2 IT Industry Growth
8.3 Smart City Development
8.4 DevOps Industry Growth
8.5 Rising Demand of 5G Adoption
9. Competitive Positioning: Edge Computing Market
9.1 Companies' Component Positioning
9.2 Market Position Matrix
9.3 Market Share Analysis
9.3.1 Microsoft Corporation
9.3.2 SAP SE
9.3.3 Cisco Systems, Inc.
9.3.4 Amazon.com, Inc.
9.3.5 ABB
9.3.6 Huawei Technologies Co., Ltd.
9.3.7 Rockwell Automation, Inc.
9.3.8 Honeywell International Inc.
9.3.9 General Electric Company
9.3.10 Hewlett Packard Enterprise
10. Global Edge Computing Market Trends and Forecast Analysis, 2018-2028, USD Billion & CAGR
10.1 Macro Economic Factor Impact Index
10.2 Global Edge Computing Market: Dashboard
10.3 Global Edge Computing Market Size, By Value, 2018-2021 (USD Billion)
10.4 Global Edge Computing Market Size, By Value, 2022-2028 (USD Billion)
10.5 Global Edge Computing Market: Summary
11. Global Edge Computing Market Trend And Forecast Analysis, 2018-2028, By Component
11.1 Global Edge Computing Market Trend And Forecast Analysis, By Component: Snapshot
11.2 Hardware
11.3 Software
11.4 Service
12. Global Edge Computing Market Trend And Forecast Analysis, 2018-2028, By Application
12.1 Global Edge Computing Market Trend And Forecast Analysis, By Application: Snapshot
12.2 IIOT
12.3 Remote Monitoring
12.4 AR and VR
12.5 Content Delivery
12.6 Others
13. Global Edge Computing Market Trend And Forecast Analysis, 2018-2028, By End-User
13.1 Global Edge Computing Market Trend And Forecast Analysis, By End-User: Snapshot
13.2 BFSI
13.3 Retail and Consumer
13.4 Healthcare and Life Sciences
13.5 Industrial
13.6 Energy and Materials
13.7 Telecommunications
13.8 Others
14. Global Edge Computing Market Trend And Forecast Analysis, 2018-2028, By Region
14.1 Regional Coverage of the Study
For more information about this report visit https://www.researchandmarkets.com/r/1rkafl-edge?w=12
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