May 22, 2024

The latest report by Fortune Business Insights, titled ‘Edge Computing 2024 Size, Trends, Share, Growth, Dynamics, Competition, and Opportunity Forecast, 2024 – 2032,’ provides a thorough analysis of the global Edge Computing . The report meticulously examines both macro and micro trends, offering insights into the dynamic factors influencing the market. It encompasses a detailed exploration of qualitative and quantitative aspects, delivering a precise depiction of market size, growth rates, annual progression, prevailing trends, key drivers, promising opportunities, and potential challenges. Additionally, the report highlights the impact of crucial events such as technological advancements and regulatory frameworks on the Edge Computing landscape. This exhaustive examination equips businesses and stakeholders with invaluable intelligence for making informed decisions in the evolving Edge Computing .

The global edge computing market size was valued at USD 11.99 billion in 2022 and is projected to grow from USD 15.96 billion in 2023 to USD 139.58 billion by 2030, exhibiting a CAGR of 36.3% during the forecast period.

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Driving Factor:

Growing Deployment of 5G Network to Drive Usage of Edge Computing Solutions

Edge-powered SaaS solutions are gaining popularity on 5G networks. Many companies are integrating their services with cloud systems. However, with the growing reliance on IoT and AI devices, the overall traffic for data processing has increased considerably. 5G networks are being rolled out across the world and investments by global companies are also rising. More than 380 telecom operators are investing heavily in 5G solutions to help them improve their speed and agility. Edge computing is also using 5G/6G infrastructure to reduce complexity, save costs, and fortify cybersecurity defenses. Such developments will bolster the market growth.

Since the installation cost of edge nodes, devices, and data centers is quite high, firms can find it hard to build a complete and reliable edge solution, further constricting the market growth.

Geographically, the report covers North America, South America, Europe, the Middle East & Africa, and Asia Pacific.

Report Highlights:

  • A comprehensive overview of the Edge Computing
  • Significant factors boosting, restricting, challenging and providing an opportunity to the market
  • Key insights and major industry developments
  • Significant players functioning in the Edge Computing
  • Major strategies adopted by players such as the launch of new products for better revenue generation, company collaborations, and others
  • Other market trends

Edge Computing Segments:

By Component

  • Hardware
  • Application/Software
  • Edge Cloud Infrastructure
  • Services
  • Network

By Enterprise Type

  • Small & Medium Enterprises
  • Large Enterprises

By Application

  • IoT Applications
  • Robotics & Automation
  • Predictive Maintenance
  • Remote Monitoring
  • Smart Cities
  • Others (Video Analytics, Smart Homes)

By Industry

  • Manufacturing
  • Oil & Gas
  • BFSI
  • Healthcare
  • Retail
  • IT & Telecom
  • Automotive
  • Others (Gaming, Entertainment)

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Top most manufacturers/ Key player by Business Leaders Leading Players of Edge Computing :

  • IBM Corporation (U.S.)
  • Intel Corporation (U.S.)
  • com, Inc. (U.S.)
  • Google LLC (U.S.)
  • Microsoft Corporation (U.S.)
  • ADLINK Technology Inc. (Taiwan)
  • Hewlett Packard Enterprise Development LP (U.S.)
  • Cisco Systems, Inc. (U.S.)
  • Huawei Technologies Co., Ltd. (U.S.)
  • EdgeConneX Inc. (U.S.)

Regional Analysis for Edge Computing :

  • North America (the USA and Canada)
  • Europe (UK, Germany, France, Italy, Spain, Scandinavia and Rest of Europe)
  • Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
  • Latin America (Brazil, Mexico and Rest of Latin America)

Frequently Asked Questions (FAQs):

  • What is the current market scenario?
  • What was the historical demand scenario, and forecast outlook from 2023 to 2030?
  • What are the key market dynamics influencing growth in the Global Edge Computing ?
  • Who are the prominent players in the Global Edge Computing ?
  • What is the consumer perspective in the Global Edge Computing ?
  • What are the key demand-side and supply-side trends in the Global Edge Computing ?
  • What are the largest and the fastest-growing geographies?
  • Which segment dominated and which segment is expected to grow fastest?
  • What was the COVID-19 impact on the Global Edge Computing ?

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Table of Contents

Industry Overview:

  • Market definition and segmentation
  • Industry trends and drivers
  • Regulatory environment

Edge Computing  Size and Forecast:

  • Historical market size and growth
  • Current market size and trends
  • Forecast for the future

Competitive Landscape:

  • Key players in the market
  • Market share analysis
  • SWOT analysis of major competitors

Customer Analysis:

  • Target customer demographics
  • Buying behavior and preferences
  • Customer satisfaction and feedback

Product/Service Analysis:

  • Overview of products/services in the market
  • Features and benefits
  • Pricing strategies

Edge Computing  Trends:

  • Emerging trends in the industry
  • Technological advancements
  • Shifts in consumer behavior

TOC Continued…

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