According to Markntel Advisors Report, Edge Computing Market is expected to grow at a significant growth rate, and the analysis period is 2025-2030, considering the base year as 2024.Consistent monitoring and evaluating of market dynamics to stay informed and adapt your strategies accordingly. As a market research and consulting firm, we offer market research reports that focus on major parameters including Target Market Identification, Customer Needs and Preferences, Thorough Competitor Analysis, Market Size Market Analysis, and other major factors. At the end, we do provide meaningful insights and actionable recommendations that inform decision-making and strategy development.
Processing and analyzing data close to the point of generation, as opposed to depending exclusively on centralized data centers, is known as edge computing. By bringing processing power closer to the point of data production, this decentralized method lowers latency and bandwidth consumption while improving real-time processing capabilities. edge computing world allows for quicker decision-making, quicker response times for important applications, and less strain on centralized infrastructure by shifting computing power to the "edge" of the network.
Global Edge Computing Market Research Report Summary:
The Global Edge Computing Market size was valued at USD 62.19 Billion in 2024 and is projected to reach USD 104 Billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 10.90% during the forecast period, i.e., 2025-30.
Time Period Captured in the Report:
- Historical Years: 2020-2023
- Base Years: 2024
- Forecast Years: 2025-2030
Who are the Key Players Operating in the Edge Computing Market?
The top companies of the Edge Computing Market ruling the industry are:
IBM Corporation, Amazon Web Services, Cisco Systems, Inc., Huawei Technologies Co. Limited, ABB Group, Intel Corporation, Microsoft Corporation, SAP SE, Hewlett Packard Enterprise Development LP, ATT Inc., Rockwell Automation Inc., Atos SE, Digi International Inc., General Electric Company, ADLINK Technology Inc
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Edge Computing Industry Recent Development:
In February 2023: Cisco Systems Inc. introduced Cisco Edge Intelligence, a technology that enhances data governance and management and extracts smart insights from networked assets to boost an organization's competitiveness.
What is Included in Edge Computing Market Segmentation?
The Edge Computing Market explores the industry by emphasizing the growth parameters and categorizes including geographical segmentation, to offer a comprehensive understanding of the market dynamic. The further bifurcations are as follows:
-By Component
-Solution
-Hardware
-Sensors/Routers
-Edge Nodes/Gateways
-Software
-Platforms
-Services
-By Application
-Connected Vehicles
-Smart Devices
-Remote Monitoring
-Industrial Internet of Things
-Augmented Virtual Reality
-Smart Cities
-Content Delivery
-Others
-By End Users
-Energy Utilities
-Healthcare Lifesciences
-Transportation Logistics
-Manufacturing
-Retail Consumer Goods
-IT Telecom
-Government Defense
-Others
-By Organization Size
-Small
-Medium
-Large
-By Region
-North America
-South America
-Europe
-Middle East Africa
-Asia-Pacific
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Market Dynamics -Global Edge Computing Market:
Growth of 5G Networks Augmenting Edge Computing Industry – Compared to earlier generations of mobile networks, 5G networks offer significantly faster data transfer rates, reduced latency, and improved network dependability. This makes data transfer between edge devices and centralized data centers more effective and seamless. The demand for edge computing solutions to handle and analyze the massive amounts of data created by IoT devices, smart sensors, and other connected devices at the edge of the network is rising as 5G becomes more widely used.
By processing data locally and eliminating the need to transport massive amounts of data back and forth to centralized servers, edge computing helps to relieve network congestion. Consequently, the infrastructure required to cloudedge support cutting-edge technologies like augmented reality, driverless cars, and smart cities is made possible by the combination of 5G and edge computing, fueling the revenue growth of the Edge Computing Market..
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