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Global Edge Computing Market Exceeds USD 50.5 Billion in 2022 and till 2030 Set to Rise with 30% CAGR Growth | IBM Corporation, Amazon Web Services, and Cisco Systems

Global Edge Computing Market size was valued at USD 50.5 billion in 2022 and is estimated to grow at a CAGR of around 30% during the forecast period 2024-30.
Published 10 May 2024

Edge Computing Market Outlook – 2024-2030

The most recent market study report, titled “Edge Computing Market” Global Industry Size, Trends, Share, Growth Opportunity and Forecast 2024-2030 by MarkNtel Advisors provides unique and valuable insights into market dynamics and business owners a competitive edge. The accuracy and reliability of the data are thorough verifying by our analyst experts and opinion leaders. By leveraging a combination of primary and secondary research, these report presents the information in a uniquely organized manner, utilizing tables, facts & figures, and charts to offer unparalleled clarity and comprehension of the market landscape.

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Global Edge Computing Market Growth Opportunity 2024-2030:

The Convergence of Edge Computing with Cloud Services to Offer Lucrative Opportunities – There is significant potential for the Global Edge Computing Market due to the convergence of edge computing with cloud services. Delivering services more quickly and efficiently is made possible by edge computing, which processes data closer to the point of generation. It ensures low-latency data processing at the edge by utilizing the cloud's scalability, storage, and computing capacity when combined with other cloud services. Because of this convergence, companies can effectively manage their workloads, data, and apps across distributed environments.

Competitive Analysis

Thoroughly examining competitors' market share, pivotal developments, and business strategies yields crucial insights into the competitive landscape. This analysis delves into factors like business description, product portfolio, strategic alliances or partnerships, recent developments, financial details, others for identifying major players.

Leading Player Operating in the Global Edge Computing Market 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
  •  > AT&T Inc.
  •  > Rockwell Automation Inc.
  •  > Atos SE
  •  > Digi International Inc.
  •  > General Electric Company
  •  > ADLINK Technology Inc.

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Segmentation Summary – Edge Computing Market

Breakdown of Segments, By Component

 > Solution

 >> Hardware

 >>> Sensors/Routers

 >>> Edge Nodes/Gateways

 >> Software

 >> Platforms

 > Services

Breakdown of Segments, By Application

 > Connected Vehicles

 > Smart Devices

 > Remote Monitoring

 > Industrial Internet of Things

 > Augmented & Virtual Reality

 > Smart Cities

 > Content Delivery

 > Others

Breakdown of Segments, By End Users

 > Energy & Utilities

 > Healthcare & Lifesciences

 > Transportation & Logistics

 > Manufacturing

 > Retail & Consumer Goods

 > IT & Telecom

 > Government & Defense

 > Others

Breakdown of Segments, By Organization Size

 > Small

 > Medium

 > Large

“Based on Organization Size: The Global Edge Computing Market is expected to be led by large enterprises.”

Regional Insights:

  • North America
  • Europe
  • Asia Pacific
  • Middle East/Africa
  • South America

Among all regions globally, the Asia-Pacific capture the largest share of the Global Edge Computing market during the forecast period.

Note: If additional specific information is required beyond the current scope of the report, we will gladly provide it as part of the customization process.

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Frequently Asking Questions (FAQ’s):

  • Which companies lead the global Edge Computing market?
  • How will current trends shape the market in the coming years?
  • What opportunities, challenges, and driving forces characterize the Edge Computing Industry?
  • Which specific Edge Computing market segments should industry players target to capitalize on recent technological advancements?
  • What is the projected growth rate of global Edge Computing market?

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