Global Edge Computing Market is Set for Rapid Growth and is Anticipated to Reach Around USD 15.81 Billion Globally By 2026.

Zion Market Research has published a new report titled “Edge Computing Market by Components (Hardware, Platform And Services), By Applications (Content Delivery, Smart Cities, Remote Monitoring, Augmented Reality (AR) and Virtual Reality (VR), Industrial Internet of Things (IIoT), and Others) , By Organization Size (SMEs and Large Enterprises), By Verticals (Energy and Utilities, Manufacturing, Telecommunications, Retail and Consumer Goods, Media and Entertainment, Healthcare, Transportation and Logistics, and Others) -Global Industry Perspective, Comprehensive Analysis and Forecast, 2019 – 2026.” According to the report, the market for edge computing was valued USD 3.02 Billion in 2019 and is expected to reach around USD 15.81 Billion by 2026, at a CAGR approximately 26.80% for the forecast period from 2020 to 2026.

Browse the full “Edge Computing Market by Components (Hardware, Platform and Services) By Applications (Content Delivery, Smart Cities, Remote Monitoring, Augmented Reality (AR) and Virtual Reality (VR), Industrial Internet of Things (IIoT), and Other), By Organization Size (SMEs and Large Enterprises), By Verticals (Energy and Utilities, Manufacturing, Telecommunications, Retail and Consumer Goods, Media and Entertainment, Healthcare, Transportation and Logistics, and Others) -Global Industry Perspective, Comprehensive Analysis and Forecast, 2019 – 2026.” Report at https://www.zionmarketresearch.com/report/edge-computing-market

Edge computing has changed the way data is being processed, handled and delivered from billions of devices throughout the globe.

The demand for edge computing is expected to grow in the forecast period, due to the increasing adoption of the Internet of Things across numerous industries and rising demand for real-time and low-latency processing. Moreover, the growth in data volumes and network traffic is anticipated to support market growth. Also rise in the demand for automated vehicles along with, connected cars, and the call for lightweight systems and frameworks to increase the efficiency of edge computing, thereby creating opportunities for edge computing merchants. Moreover, technological advancements in 4G/5G, IoT, artificially intelligent devices and the need for staying connected will propel growth for the market. The data generated by above-mentioned devices is expected to drive the limits of cloud storage infrastructure, creating an enormous burden on the cloud centers, eventually causing network congestion and low issue while processing data between cloud and devices, this is expected to boost the market demand for edge computing.

Edge computing is vital for enhanced IoT solutions. Several open-source frameworks and languages are available for edge computing in the IoT, this includes Spring Boot, Kura, Eclipse Hono, ThingsBoard and Eclipse Kapua which provides various, APIs, network, connectivity and integration capabilities among others features. This is expected to support market growth.

The edge computing market is segmented on the basis of components, applications, organization size, and verticals. The organization size is segmented into small & medium enterprises and large enterprises. Edge computing solutions are being opted by large enterprises due to the rising data generation; this provides insight into widespread customer base geographical. Additionally, rising demand for accessing computing applications and resources universally by the employees and also ensuring proper storage of data accelerates market demand for edge computing solutions amongst large enterprises. For instance, large manufacturing enterprises need these tally voluminous data generated via various actuators and sensors attached to assets like turbines, machines, lifts, and factories with historic data. This helps companies to forecast or detect failures of an asset in the shortest time to avoid loss in production.

On the basis of region, the edge computing market for the Asia Pacific region is anticipated to witness noteworthy growth during the projected period. The region will hold a significant share during the forecast, owing to the diversified economies such as India, China, Japan and Australia that are pioneering development in cloud services. The region also consists of populated countries such as India and China, owing to which the traffic on cloud is more reported by Cisco in 2018. This is anticipated to boot edge computing market growth in the region.

Renowned market players for edge computing market are HPE, Cisco, Dell Technologies, IBM, Litmus Automation, SixSq Sarl, FogHorn Systems, Saguna Networks, MachineShop, and Altran among others.

The report segments the edge computing market as follows:

Global Edge Computing: Components Segment Analysis

• Hardware
• Platform
• Services

Global Edge Computing: Applications Segment Analysis

• Content Delivery
• Smart Cities
• Remote Monitoring
• Augmented Reality (AR) and Virtual Reality (VR)
• Industrial Internet of Things (IIoT)
• Other

Global Edge Computing: Organization sizes Segment Analysis

• SMEs
• Large Enterprises

Global Edge Computing: Verticals Segment Analysis

• Energy and Utilities
• Manufacturing
• Telecommunications
• Retail and Consumer Goods
• Media and Entertainment
• Healthcare
• Transportation and Logistics
• Others

Global Edge Computing Market: Regional Segment Analysis

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

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