"Data Explosion along with Decentralized Cloud to Stimulate the Demand for Edge Computing Market"

Edge computing market surpassed the market value of US$ 9.5 Bn in 2021, with CAGR of 35.5% during the forecast period from 2025 to 2033. Essentially directed by North America, edge computing market is majorly driven by opportunities in cloud computing. Cloud research has rapidly paved the way for many competitors in a fragmented market. Although the vision of offering computation in utility has achieved, the research space is still far from saturation and offers interesting opportunities. Centralized cloud computing may not be the best strategy for applications that are geographically distributed. Computing needs to perform closer to the source of the data to improve the service that output to deliver. Application of edge computing making it possible for real-time applications with a serious reduction in latency between an edge device and cloud. Further, the number of edge devices is growing at an immense rate, such as by 2020, more than half of the population expected to have smartphones. Consequently, the volume of data that will get generate is also expected to increase with an enormous rate. For instance, it is projected that over 45 Tn Gigabytes of data will be generated in 2020. This presents the potential of using edge computing that places nodes hop away in the network for complementing computations of the device or of the data center. This helps to cope with the growth of data as well as distributing traffic in a network.

"Fog Computing Segment to Cement its Dominance in Edge Computing Market"

The Fog computing platform has a broad range of applications with initial application remark in a connected vehicle, smart buildings, smart grid, and wireless sensor & actuator networks (WSAN) among several others. Fog computing further highlighted its vital application in augmented reality, content delivery, and mobile big data analytics. Fog computing has a number of unique properties, such as its close distance to application end. It is important to keep computing resources at the edge of the network to support latency-sensitive applications and services. Another interesting property is location-awareness; the geo-distributed node offers to direct its own location and track end-user devices to support mobility. In the era of big data, fog computing accounted to support edge analytics and stream mining that can process and reduce the volume of data at the initial stage, thus cut down delay and save bandwidth.

"Growing Adoption of Internet of Things (IoT) Devices along with Cloud Computing Technology to Ensure Dominating Position of North America Market"

Presently, North America is the front-runner of the overall edge computing market. The U.S. with robust dependence on cloud computing across the nation primarily drives the market here. The growing number of IoT devices primarily drives the trend of edge computing in this region. Count of connected IoT devices at the end of 2020 accounted to cross the mark of 20 Bn. With increasing dependency on such connected devices demand for high bandwidth expected to surge tremendously across the region. Edge computing reduces processing time down to 169 ms from 900 ms with a cloud. Similarly, with the growth of the end-use industry and the growing adoption of cloud computing in the Asia Pacific, the region projected to grow with the highest growth rate across the forecast period.

Key players of the global Edge computing market include Amazon Web Services, Inc., General Electric Company, Huawei Technologies Co. Ltd., Intel Corporation, SAP SE, ADLINK Technology Inc., Vasona Networks, Inc., Aricent, Inc., Cisco Systems, Inc., Hewlett Packard Enterprise Development LP, International Business Machines Corporation, Microsoft Corporation, NOKIA Corporation, EdgeConneX, Inc., Zenlayer, Inc., and others.

Historical & Forecast Period

This study report represents analysis of each segment from 2023 to 2033 considering 2024 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2025 to 2033.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Edge Computing market are as follows:

• Research and development budgets of manufacturers and government spending
• Revenues of key companies in the market segment
• Number of end users and consumption volume, price and value.
• Geographical revenues generate by countries considered in the report
• Micro and macro environment factors that are currently influencing the Edge Computing market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Key questions answered in this report

• What are the key micro and macro environmental factors that are impacting the growth of Edge Computing market?
• What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
• Estimated forecast and market projections up to 2033.
• Which segment accounts for the fastest CAGR during the forecast period?
• Which market segment holds a larger market share and why?
• Are low and middle-income economies investing in the Edge Computing market?
• Which is the largest regional market for Edge Computing market?
• What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
• Which are the key trends driving Edge Computing market growth?
• Who are the key competitors and what are their key strategies to enhance their market presence in the Edge Computing market worldwide?