Edge Computing Market Global Insights and Trends 2021, Advancement Outlook - 2030

The Global Edge Computing Market size was valued at USD 2.49 billion in 2020 and is predicted to reach USD 68.71 billion by 2030, with a CAGR of 33.1% from 2021-2030.

Edge computing saves bandwidth and reduces latency of the network, by minimizing the distance between the client and the server. It brings proximity of the analytical resources to the end users, and simultaneously increases the scalability, reliability, speed, as well as efficiency of the system by optimizing the IoT and API technologies through a dispersed computing paradigm. Edge devices are also capable of machine learning and real time data processing.

Access Full Description of this report at:–

https://www.nextmsc.com/report/edge-computing-market

Top Companies: AT&T Inc., Amazon Web Services (AWS), Cisco Systems Inc., Fujitsu Limited, Dell Inc., IBM Corporation, Huawei Technologies Co. Ltd., Hewlett Packard Enterprise (HPE), Nokia Corporation and Microsoft Corporation

Market Dynamics and Trends

The global edge computing market is on a spur, owing to increasing amalgamation of edge computing with IoT and AI technologies, evolution of 5G technology, advancements in IT and telecommunication infrastructures, along with the building load on cloud data infrastructures.

Furthermore, benefits offered by edge computing such as reduced network latency, real-time tracking & monitoring, enhanced Machine Learning & data processing, and increased efficacy, are expected to drive the growth of global edge computing market throughout the forecast period.

However, high maintenance cost, inconsistent network connectivity and increasing penetration of local hardware in the system, are the limiting factors expected to inhibit the growth of global edge computing market.

Moreover, increasing adoption of edge computing specifically in the corporate sector, upsurge in government investments for digitization, evolution of smart cities at global level, and advancements in AI, API, automation, and robotics technologies, are anticipated to create lucrative opportunities in the global edge computing market, in coming future.

Request sample copy of this report at:-

https://www.nextmsc.com/edge-computing-market/request-sample

Market Segmentations and Scope of the Study:

The global edge computing market share has been analyzed based on component, application, organization size, industry vertical and geography.

Based on type of component, the edge computing market is classified into services and solution. Based on application, the edge computing market is segmented into connected cars, critical infrastructure monitoring, environmental monitoring, smart grids, traffic management, augmented reality, assets tracking, security & surveillance, and others. Based on organization size the market is fragmented into small & medium enterprises, and large enterprises. Based on industry vertical, the market is divided into energy & utilities, government & public sector, healthcare, manufacturing, media & entertainment, transportation, retail, telecom & IT, and others. Geographic breakdown and analysis of each of the previously mentioned segments include regions comprising North America, Europe, Asia-Pacific, and RoW.

Geographical Analysis

North America is expected to dominate the global edge computing market, accounting for the major market share throughout the forecast period. This is attributed to well established IT and cloud infrastructures, higher technological advancements, presence of developed 5G network and telecom infrastructures, as well as presence of key players and service providers in this region.

Asia Pacific is expected to demonstrate a substantial growth in the global edge computing market, growing with the highest CAGR values throughout the forecast period. This is due to development of 5G network infrastructures, evolution of smart cities, increasing investments by key players in developing countries, as well as untapped market opportunities offered by emerging economies especially India and China.

Contact:
Phone Number: +1-217-650-7991
E-mail: info@nextmsc.com

About Next Move Strategy Consulting:

Next Move Strategy Consulting is an independent and trusted third-platform market intelligence provider, committed to deliver high quality, market research reports that help multinational companies to triumph over their competitions and increase industry footprint by capturing greater market share. Our research model is a unique collaboration of primary research, secondary research, data mining and data analytics.

We have been servicing over 1000 customers globally that includes 90% of the Fortune 500 companies over a decade. Our analysts are constantly tracking various high growth markets and identifying hidden opportunities in each sector or the industry. We provide one of the industry’s best quality syndicate as well as custom research reports across 10 different industry verticals. We are committed to deliver high quality research solutions in accordance to your business needs. Our industry standard delivery solution that ranges from the pre consultation to after-sales services, provide an excellent client experience and ensure right strategic decision making for businesses.

For more insights, please visit, https://www.nextmsc.com

This release was published on openPR.