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Global Edge Computing Market Size, Share, Growth: By Component: Hardware, Services, Platforms; By End Use: Manufacturing, Government and Defence, Healthcare, Transportation & Logistics, Others; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics; Competitive Landscape; Industry Events and Developments
Global Edge Computing Market Outlook
The global edge computing market will rise from USD 3.1 billion in 2020 to USD 11.6 billion by 2026, at a CAGR of 24.48% in the 2023-2028 forecast period.
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It is expected that the advent of autonomous vehicles and connected car networks and the need for lightweight frameworks and applications to improve the efficiency of edge computing solutions would create multiple opportunities for edge computing vendors.
Market Segmentation
Edge computing is a distributed computing model that takes data storage and computation closer to where it is needed to improve reaction times and save bandwidth. The edge computing market can be divided based on segments like components and end-user.
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The industry can be broadly categorised on the basis of its component into:
- Hardware
- Software
- Services
- Edge-Managed Platforms
The industry can be divided based on its end-uses as:
- Manufacturing
- Government and Defence
- Healthcare
- Transportation and Logistics
- Retail and Consumer Goods
- Telecom and IT
- Others
The EMR report looks into the regional markets of edge computing like North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific regions.
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Market Analysis
Factors such as the increased Internet of Things (IoT) adoption across industries, increased demand for low latency processing and real-time, automated decision-making solutions, and the need to overcome exponentially growing data volumes and network traffic are driving the edge computing market growth. Edge computing helps real-time applications analyse and process collected data, which is also one of the key drivers of the rising industry demand. The advent of the 5 G Network and numerous IoT solutions frameworks and languages are expected to provide significant industry growth opportunities in the coming years. However, it is expected that the growing local hardware and higher maintenance costs will hinder the growth of the edge computing market.
Competitive Landscape
The report presents a detailed analysis of the following key players in the global edge computing market, looking into their capacity, competitive landscape, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
- Amazon Web Services, Inc.
- Cisco Systems, Inc. (NASDAQ: CSCO)
- Hewlett Packard Enterprise Development LP
- Huawei Technologies Co., Ltd.
- International Business Machines Corporation (NYSE: IBM)
- Capgemini Service SAS
- Microsoft Corporation (NASDAQ: MSFT)
- Others
The EMR report gives an in-depth insight into the edge computing market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Component, End Use, Region |
| Breakup by Component | Hardware, Services, Platforms |
| Breakup by End Use | Manufacturing, Government & Defence, Healthcare, Transportation & Logistics, Retail and Consumer Goods, Telecom & IT, Others |
| Breakup by Region | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | Amazon Web Services, Inc., Cisco Systems, Inc. (NASDAQ: CSCO), Hewlett Packard Enterprise Development LP, Huawei Technologies Co., Ltd., International Business Machines Corporation (NYSE: IBM), Capgemini Service SAS, Microsoft Corporation (NASDAQ: MSFT), Others |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Edge Computing Market Analysis
8.1 Key Industry Highlights
8.2 Global Edge Computing Historical Market (2018-2022)
8.3 Global Edge Computing Market Forecast (2023-2028)
8.4 Global Edge Computing Market by Component
8.4.1 Hardware
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 Services
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.4.3 Platforms
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2018-2022)
8.4.3.3 Forecast Trend (2023-2028)
8.5 Global Edge Computing Market by End Use
8.5.1 Manufacturing
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.2 Government and Defence
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.5.3 Healthcare
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2018-2022)
8.5.3.3 Forecast Trend (2023-2028)
8.5.4 Transportation and Logistics
8.5.4.1 Market Share
8.5.4.2 Historical Trend (2018-2022)
8.5.4.3 Forecast Trend (2023-2028)
8.5.5 Retail and Consumer Goods
8.5.5.1 Market Share
8.5.5.2 Historical Trend (2018-2022)
8.5.5.3 Forecast Trend (2023-2028)
8.5.6 Telecom and IT
8.5.6.1 Market Share
8.5.6.2 Historical Trend (2018-2022)
8.5.6.3 Forecast Trend (2023-2028)
8.5.7 Others
8.6 Global Edge Computing Market by Region
8.6.1 Market Share
8.6.1.1 North America
8.6.1.2 Europe
8.6.1.3 Asia Pacific
8.6.1.4 Latin America
8.6.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2018-2022)
9.3.2 Forecast Trend (2023-2028)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2018-2022)
9.4.2 Forecast Trend (2023-2028)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2018-2022)
9.5.2 Forecast Trend (2023-2028)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Competitive Landscape
11.1 Market Structure
11.2 Company Profiles
11.2.1 Amazon Web Services, Inc.
11.2.1.1 Company Overview
11.2.1.2 Product Portfolio
11.2.1.3 Demographic Reach and Achievements
11.2.1.4 Certifications
11.2.2 Cisco Systems, Inc. (NASDAQ: CSCO)
11.2.2.1 Company Overview
11.2.2.2 Product Portfolio
11.2.2.3 Demographic Reach and Achievements
11.2.2.4 Certifications
11.2.3 Hewlett Packard Enterprise Development LP
11.2.3.1 Company Overview
11.2.3.2 Product Portfolio
11.2.3.3 Demographic Reach and Achievements
11.2.3.4 Certifications
11.2.4 Huawei Technologies Co., Ltd.
11.2.4.1 Company Overview
11.2.4.2 Product Portfolio
11.2.4.3 Demographic Reach and Achievements
11.2.4.4 Certifications
11.2.5 International Business Machines Corporation (NYSE: IBM)
11.2.5.1 Company Overview
11.2.5.2 Product Portfolio
11.2.5.3 Demographic Reach and Achievements
11.2.5.4 Certifications
11.2.6 Capgemini Service SAS
11.2.6.1 Company Overview
11.2.6.2 Product Portfolio
11.2.6.3 Demographic Reach and Achievements
11.2.6.4 Certifications
11.2.7 Microsoft Corporation (NASDAQ: MSFT)
11.2.7.1 Company Overview
11.2.7.2 Product Portfolio
11.2.7.3 Demographic Reach and Achievements
11.2.7.4 Certifications
11.2.8 Others
12 Industry Events and Developments
List of Key Figures and Tables
1. Global Edge Computing Market: Key Industry Highlights, 2018 and 2028
2. Global Edge Computing Historical Market: Breakup by Component (USD Billion), 2018-2022
3. Global Edge Computing Market Forecast: Breakup by Component (USD Billion), 2023-2028
4. Global Edge Computing Historical Market: Breakup by End Use (USD Billion), 2018-2022
5. Global Edge Computing Market Forecast: Breakup by End Use (USD Billion), 2023-2028
6. Global Edge Computing Historical Market: Breakup by Region (USD Billion), 2018-2022
7. Global Edge Computing Market Forecast: Breakup by Region (USD Billion), 2023-2028
8. North America Edge Computing Historical Market: Breakup by Country (USD Billion), 2018-2022
9. North America Edge Computing Market Forecast: Breakup by Country (USD Billion), 2023-2028
10. Europe Edge Computing Historical Market: Breakup by Country (USD Billion), 2018-2022
11. Europe Edge Computing Market Forecast: Breakup by Country (USD Billion), 2023-2028
12. Asia Pacific Edge Computing Historical Market: Breakup by Country (USD Billion), 2018-2022
13. Asia Pacific Edge Computing Market Forecast: Breakup by Country (USD Billion), 2023-2028
14. Latin America Edge Computing Historical Market: Breakup by Country (USD Billion), 2018-2022
15. Latin America Edge Computing Market Forecast: Breakup by Country (USD Billion), 2023-2028
16. Middle East and Africa Edge Computing Historical Market: Breakup by Country (USD Billion), 2018-2022
17. Middle East and Africa Edge Computing Market Forecast: Breakup by Country (USD Billion), 2023-2028
18. Global Edge Computing Market Structure
Key Questions Answered in the Report
In 2020, the global edge computing market attained a value of nearly USD 3.1 billion.
The market is projected to grow at a CAGR of 24.48% between 2023 and 2028.
The market is estimated to witness a healthy growth in the forecast period of 2023-2028 to reach about USD 11.6 billion by 2026.
The major drivers of the industry, such as the increased Internet of Things (IoT) adoption across industries, increased demand for low latency processing and real-time, automated decision-making solutions, and the need to overcome exponentially growing data volumes and network traffic, are expected to aid the market growth.
The key market trends guiding the industry growth include the advent of autonomous vehicles and connected car networks and the rising need for lightweight frameworks and applications to improve the efficiency of edge computing solutions.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
Hardware, services, and platforms are the leading components of the product in the industry.
Manufacturing, government and defence, healthcare, transportation and logistics, retail and consumer goods, and telecom and IT, among others, are the significant end uses of the product in the market.
The major players in the industry are Amazon Web Services, Inc., Cisco Systems, Inc. (NASDAQ: CSCO), Hewlett Packard Enterprise Development LP, Huawei Technologies Co., Ltd., International Business Machines Corporation (NYSE: IBM), Capgemini Service SAS, and Microsoft Corporation (NASDAQ: MSFT), among others.
Analyst Review
The global edge computing market attained a value of USD 3.1 billion in 2020, driven by the increased Internet of Things (IoT) adoption across industries. Aided by the technological advancements, the market is expected to witness a further growth in the forecast period of 2023-2028, growing at a CAGR of 24.48%. The edge computing industry is projected to reach USD 11.6 billion by 2026.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on components, the edge computing industry can be segmented into hardware, services, and platforms. On the basis of end use, the industry is divided into manufacturing, government and defence, healthcare, transportation and logistics, retail and consumer goods, and telecom and IT, among others. The major regional markets for edge computing are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Amazon Web Services, Inc., Cisco Systems, Inc. (NASDAQ: CSCO), Hewlett Packard Enterprise Development LP, Huawei Technologies Co., Ltd., International Business Machines Corporation (NYSE: IBM), Capgemini Service SAS, and Microsoft Corporation (NASDAQ: MSFT), among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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