Press release
Market For Edge Computing Is Likely To Surpass US$ 69 Billion By End Of 2032
Products for edge computing provide faster data transfer and processing between linked devices. Demand for edge computing components like services, software, and edge-managed platforms is driven by a shift in customer preference for smart gadgets over conventional cars and residences. Artificial intelligence (AI) and machine learning (ML)-based industrial automation trends that boost output and reduce costs also contribute to growth.The edge computing industry is projected to achieve a market size of US$ 5 Bn in 2022 and is expected to grow at a positive CAGR of 30% between 2022 and 2032, when it is expected to reach US$ 69 Bn.
Read Report Overview- https://www.factmr.com/report/4761/edge-computing-market
Key Takeaways from the Market Study
Global market for edge computing to reach US$ 5 Bn by 2022-end
North America leads global sales with 46% share of the total market value.
South Asia & Oceania offers the most lucrative opportunities with the highest double-digit growth rate of 32% during the forecast period.
Energy & utilities account for the largest share of the market value. The 18% share can be accredited to cost efficiency and enhanced control over energy grids offered by edge computing products.
Datacenters are the most financially rewarding application segment with a meteoric 32.5% CAGR through 2032.
Hardware is the most selling component segment with more than 46% share of the total market revenue.
Edge computing services offer the most remunerative opportunities with a stupendous 31.5% CAGR during the projection period.
Rapid technological advancements across multiple industries is necessitating the need for rapid data transmission and assimilation to arrive at timely conclusions. Furthermore, there is a need to streamline workflows, all of which are expected to contribute majorly to the growth of edge computing, remarks a Fact.MR analyst.
Get Sample PDF of This Research Report with Detailed Table of Content- https://www.factmr.com/connectus/sample?flag=S&rep_id=4761
Key Market Segments in Edge Computing Industry Research
By Component
Edge Computing Hardware
Edge Nodes/Gateways (Servers)
Sensors/Routers
Others
Edge Computing Software
Edge Computing Services
Edge-Managed Platform
By Application
Edge Computing for Energy & Utilities
Edge Computing for Industrial Applications
Edge Computing for Transportation & Logistics
Edge Computing for Smart Cities, Smart Homes, Smart Buildings
Edge Computing for Healthcare
Edge Computing for Agriculture
Edge Computing for Retail
Edge Computing for Datacenters
Edge Computing for Other Applications
Request For Customization- https://www.factmr.com/connectus/sample?flag=RC&rep_id=4761
Competitive Landscape
The competitive landscape of the edge computing market is shaped by product innovation and strategic mergers & acquisitions. Cisco Systems, Inc., Microsoft Corporation, Amazon Web Services (AWS), Inc., Moxa Inc., NVIDIA Corporation, and Belden Inc. are some prominent manufacturers of edge computing.
In January 2022, Amazon Web Services (AWS) announced the general availability of its new Amazon Elastic Compute Cloud (Amazon EC2) Hpc6a instances. These "purpose-built" EC2 instances leverage 3rd Gen AMD EPYC CPUs to process high-performance computing (HPC) workloads at what Amazon claims.
In November 2021, Kyndryl announced a landmark global strategic partnership that will combine its market-leading capabilities in the service of enterprise customers. The deal with Microsoft is Kyndryl's first since recently becoming an independent public company and provides incremental multi-billion dollar revenue opportunities for the two companies.
Choose Quick and Secure PayPal Payment Mode to Get Full Access to This Report- https://www.factmr.com/checkout/4761
The global market report for Edge Computing Market discusses a lot of critical topics, including the following:
What are the Investment Opportunities in the Edge Computing Market?
What factors will be essential to the development of the region with the most alluring growth rate throughout the projection period?
What modifications are most likely to affect the key players in the Edge Computing Market's existing positions in the not-too-distant future?
Which sectors of goods, services, or technologies have the greatest potential to significantly alter the competitive environment in the market for Edge Computing Market?
What strategies are the leading companies in the dimeric fatty acid sector employing to maintain their market dominance?
What commercial tactics might new entrants employ to carve out a significant position in the Edge Computing Market?
US Sales Office :
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583
E-Mail: sales@factmr.com
Corporate Headquarter:
Unit No: AU-01-H Gold Tower (AU),
Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers,
Dubai, United Arab Emirates
Email : sales@factmr.com
Blog: https://blog.factmr.com
Website : https://www.factmr.com
About Fact.MR
Market research and consulting agency with a difference! That's why 80% of Fortune 1,000 companies trust us for making their most critical decisions. We have offices in US and Dublin, whereas our global headquarter is in Dubai. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range - from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Reach out to us with your goals, and we'll be an able research partner.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Market For Edge Computing Is Likely To Surpass US$ 69 Billion By End Of 2032 here
News-ID: 2768070 • Views: …
More Releases from Fact.MR
Bioinformatics Market is Growing at a CAGR of 13.4% by 2034 | Fact.MR Report
The latest report on the Bioinformatics Market, projecting robust growth driven by the increasing demand for genomic research, advancements in artificial intelligence (AI), and the rising adoption of precision medicine. Valued at USD 14.29 billion in 2024, the global market is forecast to expand at a compound annual growth rate (CAGR) of 13.4%, reaching USD 50.25 billion by 2034. This significant growth underscores the critical role of bioinformatics in decoding…
Residential Robotic Vacuum Cleaner Market to Reach USD 11.6 Billion by 2033 | Ke …
Fact.MR today released its latest report on the Residential Robotic Vacuum Cleaner Market, projecting robust growth driven by increasing demand for automation, busy lifestyles, and advancements in smart home technologies. Valued at USD 3.0 billion in 2023, the global market is forecast to expand at a compound annual growth rate (CAGR) of 14.4%, reaching USD 11.6 billion by 2033. This significant growth highlights the rising adoption of robotic vacuum cleaners…
Brain-Computer Interface Market is Estimated to Reach USD 6.5 Billion by 2033
The global brain-computer interface (BCI) market was valued at USD 1.6 billion in 2022 and is projected to reach USD 6.5 billion by 2033, growing at a compound annual growth rate (CAGR) of 13.6% from 2023 to 2033. This expansion reflects the increasing adoption of BCI technologies in medical applications, driven by advancements in neuroscience, AI, and sensor technologies. BCIs enable direct communication between the brain and external devices, offering…
Orally Disintegrating Tablet Market is Projected to Reach USD 72.68 Billion by 2 …
The global orally disintegrating tablet (ODT) market is valued at USD 24.45 billion in 2024 and is forecasted to expand at a compound annual growth rate (CAGR) of 11.5%, reaching USD 72.68 billion by 2034. This robust growth is driven by the increasing demand for patient-friendly dosage forms, particularly among the elderly, pediatric, and dysphagic populations, who benefit from ODTs' ease of administration without water and rapid dissolution. ODTs enhance…
More Releases for Edge
Edge Computing Market Empowering Real-Time Processing at the Network's Edge
Over the past few years, the global Edge Computing Market has undergone a transformative evolution, driven by shifting consumer preferences, groundbreaking technological innovations, and an increasing focus on sustainability. This dynamic landscape reflects not just growth but a redefinition of market priorities, making it an exciting arena for stakeholders. The latest research report delves deep into these trends, offering forward-looking insights into growth drivers and challenges. With a strategic…
Edge Analytics Market: "Edge Analytics Market to Hit $79.5B by 2031"
Edge Analytics Market Scope:
Key Insights : Edge Analytics Market size was valued at USD 11.6 Billion in 2022 and is poised to grow from USD 14.76 Billion in 2023 to USD 79.50 Billion by 2031, growing at a CAGR of 27.2% in the forecast period (2024-2031).
Access the full 2024 Market report for a comprehensive understanding @https://www.skyquestt.com/report/edge-analytics-market
In-Depth Exploration of the global Edge Analytics Market: This report offers a thorough…
Edge Artificial Intelligence Market Growth 2024: Edge Computing and AI Integrati …
The Business Research Company has released its latest global market reports, covering insights for 2024 and offering projections up to 2033.
The Business Research Company presents an extensive market research report on the Edge Artificial Intelligence Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and…
Edge Machine Learning (Edge ML) Market to Witness Huge Growth by 2029 | Microsof …
The Edge Machine Learning (Edge ML) research report combines vital data incorporating the competitive landscape, global, regional, and country-specific market size, market growth analysis, market share, recent developments, and market growth in segmentation. Furthermore, the Edge Machine Learning (Edge ML) research report offers information and thoughtful facts like share, revenue, historical data, and global market share. It also highlights vital aspects like opportunities, driving, product scope, market overview, and driving…
Edge as a Service (EaaS) Market May See a Big Move | Edge Micro, Trilogy, Hivelo …
The Latest Released Edge as a Service (EaaS) market study has evaluated the future growth potential of Edge as a Service (EaaS) market and provides information and useful stats on market structure and size. The report is intended to provide market intelligence and strategic insights to help decision makers take sound investment decisions and identify potential gaps and growth opportunities. Additionally, the report also identifies and analyses changing dynamics, emerging…
Immediate Edge Reviews: immediate edge uk scam or legit?
Visit official website >> https://bit.ly/3ogMMSg
Crypto is a virtual currency that typically uses decentralized control. Each cryptocurrency work through technology like blockchain that serves as a public financial transaction database. Bitcoin as the most popular cryptocurrency is an open-source digital currency initiated in 2009, that uses P2P networking for trading. Recently, it has gained massive popularity as it has been increasing rapidly. It was worth $100 in 2013, and in 2021,…
