Edge Computing MarketReport Overview:
TheEdge Computing Market Trendsis projected to grow from USD 36.35 Billion in 2022 to USD 168.6 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 24.51% during the forecast period (2022 - 2030). The global edge computing market is driven by proliferation of the (IoT) Internet of Things and increasing dependence on storage solutions. These factors have helped shape the edge computing market and are expected to boost the growth.
Companies in the Edge Computing Market could also face challenges such as addition of vulnerable IoT devices and fear of cyberattacks. The details covered in the edge computing market report cover all the aspects of the industry. edge computing market analysts have also shared growth projections in the report and have suggested edge computing market players to plan growth strategies accordingly.
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Major Key Players:
- Advanced Micro Devices Inc
- Yokogawa Electric Corporation
- ABB Ltd (ABLZF)
- Rittal GmbH Co. KG
- ZenLayer Inc.
- The Hewlett Packard Enterprise Company
- Fujitsu Ltd
- Siemens AG
- Integrated Device Technology Inc.
- EdgeConnex Inc.
- eInfochips
- Huawei Technologies Co. Ltd.
- ADLINK Technology Inc.
- IBM Corporation
- Alphabet Inc.
- Schneider Electric SE
- SAP SE
- Microsoft Corporation
- Intel Corporation
- Amazon Inc.
Competitive Landscape:
The edge computing market is supported by increased adoption of digitalization by companies to offer employees the facility of work from home. The population growth around the world and increasing demand of edge computing market based services and products also support the market growth. However, the edge computing market growth can be affected due to heavy investments cost of edge data centres. The report covers all such details which will help companies in the edge computing market to strengthen their business plan and improve their product portfolio. The edge computing market research report also provides company profiles of major companies. The company profile of organizations operating in the edge computing market discusses strategies, growth plans, size, revenue, and mergers and acquisition details of top companies in the edge computing market.
Market Segmentation:
The global edge computing market has been segmented based on application, vertical, deployment, component, and technology. On the basis of application, the market for edge computing is segmented based on IoT, data caching, analytics, environment monitoring, augmented reality, location services and others. Additionally, the market on the basis of vertical, is segmented into transportation, energy utilities, healthcare, manufacturing, semiconductor, government, IT telecommunication, retail, education, hospitality and others. The global market for edge computing is also covered based on the deployment segment which is further split into on-premise and cloud. On the basis of components, the market for edge computing is segmented based on hardware, software and solutions. Additionally, the market on the basis of technology, is segmented into mobile edge computing, fog computing.
Factors like the need for lightweight systems and frameworks to improve the efficiency and need for quick processing of data support the edge computing market growth. The performance of the edge computing market has also been studied for the past and current years. Additionally, the edge computing market report provides analysis of these segments. The edge computing market segmental analysis provided in the report offers major details about the edge computing market performance and future.
Regional Overview:
Companies in the edge computing market are spread across the world. The edge computing market report provides major information about regional markets of North America, Europe, Asia-Pacific (APAC), and the rest of the world. The North American edge computing market has many companies across the United States, Canada, and Mexico. Europe has companies in the edge computing market across Germany, France, Spain, Italy, and the United Kingdom.
A detailed analysis of the edge computing market across India, China, and Japan in the Asia-Pacific region is also presented in the report. The edge computing market of the Middle East, Africa, and other regions has also been studied by analysts.
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Industry News:
Quantum Data Store and Storage vendor has purchased the CatDV media innovation and project automation platform developer Square Box Solutions and plans to merge the two companies' technologies to provide a more comprehensive film, audio as well as visualization of data. Quantum also reported on Tuesday that it has appointed its chief growth officer Brian Pawlowski, an expert on Flash Storage technologies.
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