Cloud Network Infrastructure Market Share, Business Overview, Challenges, Opportunities Share Global Analysis and Forecast to 2027

Market
Overview:
Market Research Future
(MRFR), in its latest the global Edge Computing Market value
can touch USD 22,453.9 Mn by 2024. MRFR predicted that the edge computing
market can register at 28.4% CAGR across the assessment period 2018 to 2024.
The rapid proliferation of Internet of Things (IoT) can impel the expansion of
the market. The increased security concerns at public areas can drive the
market growth. The rise in IoT trend and the high demand can impel the
expansion of the market in years to come.
The rise in initiatives
for digital transformation can prompt the expansion of the market in the years
to come. The high adoption of IoT solutions by organizations can prompt the
expansion of the Edge Computing Market.
The increase high the use of computing connected mobile devices and IoT enabled
organizations to collect volumes of data and store at the repository can favor
the edge computing market. In addition, the rise in the need to store, process,
and analyze data to achieve specific tasks can fuel the rise of the edge
computing market.
The edge computing favor
processing of power and data storage with the application of artificial
intelligence. The rise in the need for faster response across time and
real-time data can impel the expansion of the market. The rise in need for
resilient data communication can aid in the edge computing due to data
communication paths over centralized network that can provide business
continuity. Thus, can favor the expansion of the market in the years to come.
The outbreak of the Coronavirus (COVID-19) has caused a lot of hardship
across the world. The majority of the global population is struggling with the
effects of the COVID-19 outbreak on public health, the economy, and society at
large. During the COVID-19 pandemic, edge computing and edge data centers are
playing a vital role in delivering cached content and cloud computing resources
across the globe. Edge computing is proving to be a life-saving technology for
the healthcare industry due to the various IoT medical applications that it
provides. These telemedicine programs, diagnostic devices, and software
applications allow medical professionals to quickly reach the patients by using
the patients’ data. The benefits of edge computing have become more apparent
during the COVID-19 pandemic. The worldwide lockdown has compelled businesses
to move towards digitalization for the provision of work from home facilities
to their employees. This has boosted the use of edge servers that are being
deployed by the key players in the market, including Amazon Web Services and
Microsoft. The impact of the COVID-19 pandemic is significantly driving the
demand for edge computing as the leading technology companies are integrating
automation and intelligence into their businesses using the edge computing
technology.
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Major Key Players:
MRFR recognized some
reputed marketers of the world edge computing market. They are; General
Electric Company, Amazon, Inc., Intel Corporation, Microsoft Corporation, SAP
SE, Schneider Electric SE, Alphabet Inc., IBM Corporation, ADLINK Technology
Inc., Huawei Technologies Co. Ltd., eInfochips, EdgeConnex Inc., Integrated
Device Technology, Inc., Fujitsu Ltd, Siemens AG, The Hewlett Packard
Enterprise Company, ZenLayer Inc., Rittal GmbH & Co. KG, ABB Ltd, Yokogawa
Electric Corporation, and Advanced Micro Devices, Inc. The report details factors
that can impact the market.
Market Segmentation:
The edge computing market
segment study is based on technology, deployment, application, and vertical.
The technology based
segments of the market are fog computing and mobile edge computing. The
deployment based segments of the edge computing market are on-premise and
cloud. The component based segment of the edge computing market are solutions,
hardware, and software.
The application based
segments of the market are analytics, IoT, data caching, augmented reality,
environment monitoring, location services, and others.
The vertical based
segments of the edge computing market are healthcare, manufacturing,
transportation, energy & utilities, IT & telecommunication,
semiconductor, government, hospitality, retail, education, and others.
Regional Analysis:
In current times, North
America edge computing market can secure the prime position in the global
market. The rise in the growing adoption of edge computing due to its benefits,
such as reduced latency and high scalability, along with the implementation of
data processing solution at the edge network can boost the regional market in
the years to come.
In North America, the US
is expected to head the regional market with the largest share due to the rise
in the adoption of edge computing solutions across automotive, surveillance,
education, and healthcare sectors. In Europe, the increased adoption of edge
computing solutions across France, the UK, Germany, Sweden, Spain, Italy, and
the rest of EU can prompt the regional market. In Asia Pacific, the edge
computing market is likely to rise due to the need for effective computing
solutions.
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Table of Contents
1. Executive Summary
2.1 Definition
2.2 Scope of The Study
2.3 List of Assumptions
2.4 Market Structure
3. Market Insight
4.1 Research Process
4.2 Primary Research
4.3 Secondary Research
4.4 Market Size Estimation
4.5 Data Collection Tools
4.6 Market Size Estimation – Top-Down & Bottom-Up Approach
4.7 Forecast Model
Continued….
List of Table
Table 1 Market Synopsis
Table 2 List of Assumptions
Table 3 Global Edge Computing Market, By Technology, 2018–2023 (Usd
Million)
Table 4 Global Edge Computing Market, By Deployment, 2018–2023 (Usd
Million)
Table 5 Global Edge Computing Market, By Component, 2018–2023 (Usd
Million)
Continued….
List of Figure
Figure 1 Global Edge Computing Market: Market Structure
Figure 2 North America Market Size & Market Share by Country (2017
Vs 2023)
Figure 3 Europe Market Size & Market Share by Country (2017 Vs 2023)
Figure 4 Asia Pacific & Market Share by Country (2017 Vs 2023)
Figure 5 Rest of The World Market Size & Market Share by Country
(2017 Vs 2023)
Continued….
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