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(IT-NEWSWIRE.COM, January 13, 2020 ) Edge computing is a simple method of managing data near the edge of the network, where the data is being generated & processed; instead of in a centralized data-processing warehouse. Edge computing is changing the way data is handled, processed, and delivered from millions of devices around the world. Meticulous Research(R) in its latest publication on edge computing market states that the global edge computing market will increase at a CAGR of 34.9% from 2019 to 2027 to reach $28.07 billion by 2027.
The growth of the global edge computing market is mainly attributed to the growing load on the cloud infrastructure and the rising adoption of industrial IoT. Furthermore, the rising demand for low-latency processing and real-time automated decision-making solutions is supporting the overall growth of the edge computing market. Emerging economies such as Latin America, South East Asia, and Africa provide significant opportunities for the implementation of the edge computing market. However, high procurement and operational cost are the biggest challenges which may restrain the growth of this market to a certain extent.
To provide efficient analysis, Meticulous Research has segmented this market on the basis by component (hardware, platform, services) by application (smart cities, industrial IOT, remote monitoring, content delivery, AR-VR and others (autonomous vehicles, drones, gaming), by end-use industry (manufacturing, retail, healthcare, media & entertainment, it & telecommunications, transportation & logistics, government & defense, energy and utilities and others (agriculture, education, and BFSI)), and geography (North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa).
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Geographically, North America commanded the largest share of this market in 2018, followed by Europe, Asia-Pacific, Latin America, and Middle East & Africa. The major share of North America is attributed to the high acceptance of new technology by consumers and a large number of companies in the region adopting edge computing to enhance their IT infrastructure and leverage the benefits of new technologies, such as 5G and IoT. The presence of major edge computing players and start-ups is also supporting the technological growth of the edge computing market in this region. However, the Asia-Pacific region is showcasing the fastest growth of the edge computing market due to the rapidly increasing amount of cloud traffic and increasing government initiatives towards digitization.
In terms of application, the smart cities segment accounted for the largest share of the global edge computing market in 2018. The large share of this segment is mainly attributed to the increasing smart city initiatives across the globe to enhance building security, home automation, parking and traffic management, and city asset management.
The report provides competitive intelligence in terms of financials, growth strategies, product portfolios, and geographical presence on some of the key players in this market including Amazon web services (U.S.), Microsoft Corporation (U.S.), Dell Technologies (U.S.), Hewlett-Packard Enterprise (U.S.), General electric company (U.S.), Huawei Technologies (China), IBM Corporation. (U.S.), Juniper Networks (U.S.), Cisco Systems (U.S.), FogHorn Systems (U.S.), Google LLC (U.S.), Intel Corporation (U.S.), SAP (Germany), MachineShop (U.S.), and Saguna Networks (Israel), among others.
Table of Content –
1.1. Market Definition
1.2. Market Ecosystem
1.3. Currency and Limitations
1.4. Key Stakeholders
2. Research Methodology
2.1. Research Approach
2.2. Data Collection and Validation
2.1.1. Primary Research
2.1.2. Secondary Research
2.3. Market Assessment
2.3.1. Market Size Estimation
220.127.116.11. Bottom-up Approach
18.104.22.168. Top-Down Approach
22.214.171.124. Growth Forecast
2.3.2. Market Share Analysis
2.4. Assumptions for study
3. Executive Summary
3.1. Market Overview
3.2. Market Analysis, by Component
3.3. Market Analysis, by Application
3.4. Market Analysis, by End-use Industry
3.5. Market Analysis, by Geography
3.6. Competitive Analysis
4. Market Insights
4.2. Market Dynamics
126.96.36.199. Growing Load On Cloud Infrastructure
188.8.131.52. Rising Adoption of Industrial IoT
184.108.40.206. High Procurement and Operational Cost
220.127.116.11. The emergence of Autonomous Vehicles and Connected Car Infrastructure
18.104.22.168. Lightweight Frameworks and Systems to Enhance Efficiency of Edge Computing Solutions
22.214.171.124. Vulnerability Issues with IoT Devices
126.96.36.199 Initial Capex for Infrastructure
188.8.131.52. Adoption Of 5g Technology
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Key questions answered in the report:
Increasing adoption and proliferation of industrial IoT in developing countries will propel the edge computing market.
How does the adoption of edge computing in developed regions differ from developing countries such as India, and China?
What are the different strategies adopted by organizations in order to adopt edge computing in their businesses?
Extensive government initiatives for digitization in developing countries will make an impact on the edge computing market
What are the government initiatives taken in developing countries to increase the use of edge computing?
To what geographical extent do governments are able to inculcate initiatives with respect to edge computing?
Key players dominating the edge computing market
Who are the major players in various countries and what share of the market do they hold?
What strategies are they employing to gain shares?
Which companies have recently merged/acquired in different regions across the globe and how will these unions affect the competitive landscape of the edge computing market?
Which companies have created partnerships and how will these partnerships promote a competitive advantage?
What strategies start-ups are eyeing to enter into the market and claim their market share?
North America region dominates the geographical segment of the edge computing market
Who are the prominent players in the edge computing market and what is their market share?
Which end-use industry is generating more revenue and why?
Which applications hold the strongest growth potential?
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