Global Edge Computing Market by Component, Application, Organization Size, Vertical and Region - Forecast to 2025
DUBLIN, Aug. 21, 2020 /PRNewswire/ -- The "Edge Computing Market by Component (Hardware, Platform, and Services), Application (Smart Cities, IIoT, Content Delivery, Remote Monitoring, AR and VR), Organization Size (SMEs and Large Enterprises), Vertical, and Region - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.
The Global Edge Computing Market is Projected to Grow from USD 3.6 Billion in 2020 to USD 15.7 Billion by 2025, at a Compound Annual Growth Rate (CAGR) of 34.1% During the Forecast Period.
Rising focus of enterprises on increasing speed, ensuring resiliency and security and eliminating outage issues in minimal time, to drive the growth of edge computing market
The edge computing market is growing rapidly with the growing adoption of the Internet of Things (IoT)across industries; rising demand for low-latency processing and real-time, automated decision-making solutions; and the need for surmounting exponentially increasing data volumes and network traffic. However, a reluctance among Small and Medium-sized Enterprises (SMEs)to adopt edge computing solutions owing to initial Capital Expenditure (CAPEX) for infrastructure is projected to limit the growth of the market.
Industrial Internet of Things application segment to grow at the highest CAGR during the forecast period
The implementation of IoT across industries has increased rapidly, which drives companies to implement solutions that could enhance IoT deployments through data processing closer to the source. By infusing edge computing in Industrial Internet of Things (IIoT) processes, companies could achieve an improved network communication and cooperative coordination with the cloud connected to the system. Further, it helps organizations to reduce workloads by facilitating lost-cost, low-power, and high bandwidth networks.
Manufacturing vertical to hold the largest market size during the forecast period
Edge computing facilitates localized processing which helps reduce latency issues and enables smart and intelligent manufacturing through predictive analytics. With the rise in IoT deployment, manufacturing companies have been rapidly adopting edge computing to improve interoperability among IoT devices, reduce unforeseen downtime issues, and improve production efficiency.
Edge computing market in the Asia Pacific to grow at the highest CAGR during the forecast period
The high growth of the market in the Asia Pacific (APAC)is attributed to the pervasive use of mobile devices, growing data volumes, and increasing assimilation of workload-centric Information Technology (IT) infrastructure in the region with the rising need for businesses to remain globally competitive. Furthermore, the inclination of countries across the region toward emerging technologies, such as cloud computing, IoT, 5G, and Artificial Intelligence (AI), is also expected to fuel the growth of the edge computing market.
However, limited technology sophistication among SMEs, privacy issues, and limited technical expertise in advanced technologies remain the biggest hurdle in the edge computing adoption across APAC. Regional technological advances and increasing awareness of edge computing benefits to minimize infrastructure complexities and installation costs opens new avenues for the growth of edge computing market in the region.
Research Coverage
The edge computing market revenue is primarily classified into revenues from hardware, platform, and services. Hardware revenue is associated with hardware offerings, such as local data centers, edge gateways, and edge devices, while platform revenue is associated with edge computing tools and software. Further, services' revenue is associated with various support and maintenance, consulting and training, and integration services. The market is also segmented on the basis of application, organization size, vertical, and region.
The edge computing market comprises major solution providers, such as cisco (US), HPE (US), Huawei (China), IBM (US), Dell Technologies (US), Nokia (Finland), Litmus Automation (US), AWS (US), FogHorn Systems (US), SixSq (Switzerland), MachineShop (US), Saguna Networks (Israel), Vapor IO (US), ADLINK (Taiwan), Altran (France), Axellio (US), GE Digital (US), Moxa (Taiwan), Sierra wireless (Canada), Digi International (US), Juniper Networks (US), Clearblade (US), EdgeConneX (US), Edge Intelligence (US), and Edgeworx (US). The study includes an in-depth competitive analysis of these key players in the edge computing market with their company profiles, recent developments, and key market strategies.
Key Topics Covered
1 Introduction
1.1 Introduction to COVID-19
1.2 COVID-19 Health Assessment
1.3 COVID-19 Economic Assessment
1.4 Objectives of the Study
1.5 Market Definition
1.6 Market Scope
1.7 Currency Considered
1.8 Stakeholders
2 Research Methodology
3 Executive Summary
4 Premium Insights
4.1 Attractive Opportunities in the Edge Computing Market
4.2 Edge Computing Market, by Component
4.3 Edge Computing Market, by Application (2020 Vs. 2025)
4.4 Edge Computing Market, by Organization Size (2020 Vs. 2025)
4.5 Edge Computing Market, by Vertical (2020 Vs. 2025)
4.6 Market Investment Scenario
4.7 COVID-19 Impact
5 Market Overview and Industry Trends
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Growing Adoption of IoT Across Industries
5.2.1.2 Rising Demand for Low-Latency Processing and Real-Time, Automated Decision-Making Solutions
5.2.1.3 Surmounting Exponentially Increasing Data Volumes and Network Traffic
5.2.2 Restraints
5.2.2.1 Initial Capex for Infrastructure
5.2.3 Opportunities
5.2.3.1 Emergence of Autonomous Vehicles and Connected Car Infrastructure
5.2.3.2 Lightweight Frameworks and Systems to Enhance Efficiency of Edge Computing Solutions
5.2.4 Challenges
5.2.4.1 Vulnerability Issues With Edge Nodes
5.2.5 Cumulative Factor Analysis
5.3 Use Cases
5.3.1 Use Case 1: Maximum Asset Utilization by Remotely Monitoring Machines Located in Harsh Environmental Conditions
5.3.2 Use Case 2: Improved Predictive Maintenance Through Consistent Asset Performance Evaluation
5.3.3 Use Case 3: Implementing Core-To-Edge Infrastructure for Network Complexity Reduction, Network Outage Elimination, and Patient-Care Improvement
5.3.4 Use Case 4: Deploying Edge Data Centers for Improved Content Delivery and Website Latency
5.3.5 Use Case 5: Improved Operational Margins Through Edge Analytics and Real-Time Visualization
5.3.6 Use Case 6: Enhanced Internet Performance and Gaming Consistency With Edge Nodes
5.3.7 Use Case 7: Reducing Road Traffic Accidents Through Real-Time Localized Processing
5.3.8 Use Case 8: Achieving Edge Colocation to Improve RoI and Meet Rising Consumer Demands
6 Edge Computing Market, by Component
6.1 Introduction
6.2 Hardware
6.3 Platform
6.4 Services
7 Edge Computing Market, by Application
7.1 Introduction
7.2 Smart Cities
7.3 Industrial Internet of Things
7.4 Remote Monitoring
7.5 Content Delivery
7.6 Augmented Reality and Virtual Reality
7.7 Others
8 Edge Computing Market, by Organization Size
8.1 Introduction
8.2 Small and Medium-Sized Enterprises
8.3 Large Enterprises
9 Edge Computing Market, by Vertical
9.1 Introduction
9.2 Manufacturing
9.3 Energy and Utilities
9.4 Government and Defense
9.5 Telecommunications
9.6 Media and Entertainment
9.7 Retail and Consumer Goods
9.8 Transportation and Logistics
9.9 Healthcare and Life Sciences
9.10 Others
10 Edge Computing Market, by Region
10.1 Introduction
10.2 North America
10.3 Europe
10.4 Asia-Pacific
10.5 Middle East and Africa
10.6 Latin America
11 Competitive Landscape
11.1 Competitive Scenario
11.1.1 Partnerships, Agreements, and Collaborations
11.1.2 New Product Launches and Product Enhancements
11.1.3 Business Expansions
12 Company Profiles
12.1 Introduction
12.2 Cisco
12.3 HPE
12.4 Huawei
12.5 Dell Technologies
12.6 Nokia
12.7 IBM
12.8 Amazon Web Services
12.9 Foghorn Systems
12.10 Machineshop
12.11 Saguna Networks
12.12 Litmus Automation
12.13 SixSQ
12.14 Azion Technologies
12.15 Vapor IO
12.16 Adlink
12.17 Altran
12.18 Axellio
12.19 GE Digital
12.20 Moxa
12.21 Sierra Wireless
12.22 Digi International
12.23 Juniper Networks
12.24 Clearblade
12.25 Edgeconnex
12.26 Edge Intelligence
12.27 Edgeworx
12.28 Right-To-Win
For more information about this report visit https://www.researchandmarkets.com/r/gkvm6o
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