Edge Computing Market Global Analysis, Segments, Historical Analysis, Top Key Players, Drivers and Trends by Forecast to 2023

Edge Computing Market
Global Edge Computing Market, by Technology (Mobile Edge Computing, Fog Computing), By Component (Hardware, Software, Service), By Deployment, By Application (Environment Monitoring, Optimized Local Content), By End-User (Healthcare, Public Safety, Connected Vehicles, Location Based Service, Education) – Forecast 2023

Edge Computing Market Overview:

The need to have IoT data closer to source where it was generated from has been the main driver for the edge computing industry. Market reports linked to the information and communications technology sector along with published reports on other sectors have been lately made available by Market Research Future, which has also published a report on this sector.

The Edge Computing Market globally will grow its value to USD 19.4 billion approximately in the forecast period while expanding with a 17.9 percent CAGR.

The economic benefits offered by edge computing provide a high degree of benefit in terms of its implementation, which have accelerated the pace of growth of the market. Moreover, increased spread of IoT has also indirectly fuelled the expansion of the edge computing industry. Better dependability on cloud computing will provide a better push for the edge computing market around the world.

Major Key Players:

The contenders in the edge computing market are SAP SE (Germany), Alphabet Inc. (U.S.), Aricent (U.S.), Intel Corporation (U.S.), Huawei Technologies (China), IBM Corporation (U.S.) and Integrated Device Technology (U.S.) to name few.

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Industry Segments:

The edge computing market has been segmented on the basis of component, application, technology, deployment, region and end users.

By Component: Software and Hardware

By Application: Data caching, IOT, environment monitoring and video analytics

By Technology: Fog computing and Mobile edge computing

By Deployment: On-cloud and On-premise

By Region: Europe, North America, Asia Pacific and RoW

By End-Users: Gaming, Surveillance, Healthcare, Automotive, Education and Others

Detailed Regional Analysis:

The Edge computing market globally on the basis of region is being headed by the North American market which comprises of more than 45 percent of the market share in the year 2016. The rate of technological progression in the network architecture and data center is projected to motivate the edge computing market in the North American market. The European region is the second leading market in the edge computing market globally by controlling more than 25 percent of market share in 2016.

The Asia-Pacific region in comparison with all other regions is considered to be the fastest growing area in the edge computing sector owing to the evolution of big data analytics architecture and cloud computing which are thereby fuelling the market development of edge computing.

Global Competitive Analysis:

The products that are being focused on to capitalize the vigorous pace of technological discoveries have led to extensive changes. This particular trend has amplified the affinity for diversification in the sector, which has indirectly enabled the players to use the beneficial state of dealings obtainable in this market. The utilization of these opportunities by contenders, who are trying to nurture their industry share by intensive development can inspire the growth of this business sector.

The companies are also additionally trying to capture and create economic worth together in a proper manner. This has raised the potential for the approaching growth period considerably. This state has also been known to be productive for companies so they can fix goals that can keep up their enterprise’s liquidity viable enough to take effective choices in terms of strategy designing and implementation.

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Industry Updates:

Mar 2018: A new collaboration between Vapor IO, which is into edge data center building and Packet, which is a bare-metal cloud provider that aims to create a new business by resolving complexity and cost problems so network operators don’t have to specifically focus on that aspect.

They also plan to lower the obstacles to the entry infrastructure costs present currently for software startups. Packet intends to turn the edge data centers into mini-cloud availability regions, which have connectivity and hardware optimized for wireless network use cases and for allowing software-based network tasks and management capabilities required for 5G.

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