Edge Computing Market Overview
The global edge computing market size was valued at USD 4.68 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 38.4% from 2021 to 2028.
Edge computing refers to the distributed computing paradigm, which is mostly used to bring computing and data storage closer to the location, in order to improve the response time. The analysis tools used across industries are beginning to drive new levels of performance and productivity. Therefore, the distributed computing paradigm, called edge computing, is gaining traction.
The amalgamation of Artificial Intelligence (AI) into the edge ecosystem is the factor that has supported long-term expansion for Edge Computing Market.
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Due to the COVID 19 outbreak, organizations across the globe are experiencing huge changes in the way products and services are bought and sold. Due to social distancing and the COVID-19 pandemic, the number of work-from-home jobs has highly surged. Edge computing makes working from home much easier by improving network performance and reducing latency issues for end users.
Edge Computing Market Regional Analysis
APAC is projected to witness the fastest growth rate in the coming years. APAC has witnessed the advanced and dynamic adoption of new technologies and is projected to record the highest CAGR during the forecast period. In addition, IT spending across organizations in the region is gradually increasing, which is projected to lead to a surge in the adoption of edge computing. APAC is a base to various global telecommunications and edge network companies, including Huawei, Telstra, Vodafone, Optus, China Telecom, Vodafone, and NTT Docomo, which acts as a growth factor for the edge computing market.
Edge Computing Market Competitive Landscape
Key Players
- ABB
- Cisco Systems, Inc.
- Atos SE; Belden Inc.
- Digi International Inc.
- Honeywell International Inc.
- Microsoft Corporation
- Moxa Inc.
- Sierra Wireless
- Edgeiq
- Saguna Networks
- Vapour Io
- Adlink
- Capgemini
- Axellio
- Digi International
- Juniper Networks
- Clearblade
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Edge Computing Market Recent Developments
- In June 2021, Cisco announced its new portfolio of catalyst industrial routers to extend the capability of enterprise network to the edge with flexibility, scalability, and security with embedded 5G technology.
- In April 2021, Verizon and AWS launched its private mobile 5G edge computing to enterprises in the US through Verizon private 5G network and AWS outposts.
Reasons to Acquire in the Edge Computing Market
- Increase your understanding of the market for identifying the best and suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends and factors
- Gain authentic and granular data access for Edge Computing Market so as to understand the trends and the factors involved behind changing market situations
- Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future
- In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns
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Frequently Asked Questions
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