Growth of e-commerce is generating demand for manufacturing and logistics services. Edge computing is useful in applications for logistics and manufacturing industry, owing to the adoption of IoT in these industries. The amount of data generated by multiple sensors used in the systems in these industries require data analysis with high accuracy. Moreover, security is a major concern, as edge computing is a decentralized architecture and is more vulnerable to cybersecurity risks.
The global Edge Computing Market is expected to reach US$ 9.3 billion by 2026, growing with a significant CAGR during the forecast period. The growing demand for edge computing from large enterprises segment to drive the growth of the market.
The global edge computing market is expected to grow at a significant rate during the forecast period. The growing need for real-time applications in data analysis from various connected sensors and devices at the edge of network is driving the market demand for edge computing. With the rising adoption of cloud across the globe, huge amounts of data are generated that require time for processing. Cloud computing uses a single datacentre, whereas edge computing does data processing at the edge device, which reduces time latency. Owing to the various features provided by edge computing such as reduction in latency, reduction in bandwidth and the associated costs, real-time data processing, and others, it is widely being adopted across the globe.
This report on Edge Computing Market Size provides insightful data on the developments in the industry with all market dynamics. This performance analysis included in the Edge Computing market research report helps users to get a thorough understanding of change in the dynamics of the market. The detailed study of all the crucial aspects of the Edge Computing market is included in the market report such as market share, production, regions, key players etc., with the help of several charts, tables, graphs, etc. to offer users with better presentation of the data.
Segmentation of Edge Computing Market:
By Component
- Hardware
- Software
- Solutions
By Applications
- Smart Cities
- Industrial Internet of Things
- Remote Monitoring
- Content Delivery
- Augmented Reality and Virtual Reality
- Others
By Organization Size
- Small & Medium Enterprises
- Large Enterprises
By Industry Vertical
- IT & Telecom
- Manufacturing
- Energy & Utilities
- Media & Entertainment
- Transportation & Logistics
- Healthcare
- Government & Defence
- Others
By Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Based on regions, the Asia Pacific region is witnessing the highest growth rate with North America holding the largest market share of 38.7% in the base year 2020
The “Edge Computing Market Report 2020-2026” added by AllTheResearch is a combination of qualitative and quantitative analysis which contains current industry trends, revenue forecasts, statistics, market valuations which highlights the growth trends and competitive landscape as well as the key players (like Dell Inc., Nokia, IBM Corporation, Cisco Systems, Inc., Huawei Technologies Co., Ltd., etc.) in the Edge Computing business. The market segmentation mentioned in this report mainly covers types, applications, & regions. Based on the extensive historical data a well-thought-out study on the estimated period for the good expansion of the Edge Computing market globally is produced.
The key players operating in the market are:
- Dell Inc.
- Nokia
- IBM Corporation
- Cisco Systems, Inc.
- Huawei Technologies Co., Ltd.
- Amazon Web Services, Inc.
- Capgemini
- Microsoft
- Google LLC
- FogHorn Systems
Impact of COVID-19 on Edge Computing Market:
Edge Computing Market report analyses the impact of Coronavirus (COVID-19) on the Edge Computing industry. Since the COVID-19 virus outbreak in December 2019, the disease has spread to almost 180+ countries around the globe with the World Health Organization declaring it a public health emergency. The global impacts of the coronavirus disease 2019 (COVID-19) are already starting to be felt, and will significantly affect the Edge Computing market in 2021
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Read More: https://www.alltheresearch.com/report/256/edge-computing-market
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