Edge Computing Market (Component, Application): Reach $132.11 Billion by 2028 @ CAGR of 21.6% with Software Segment Leading the Growth 2022-2028 | Insight Partners

Insight Partners

Insight Partners

Europe has the second largest share in the edge computing market. ADLINK technology; Web Services Amazon, Inc.; Dell Technologies; EdgeConnex Inc.; fog horn systems; International Business Machine Corporation; Litmus Society; Microsoft Corporation; Hewlett Packard Enterprise Company; and Vapor IO, Inc. are the leaders in the edge computing market.

Pune, India, June 19, 2023 (GLOBE NEWSWIRE) — The Insight Partners has released the latest research study on Edge computing market Report on size, share, revenue, growth strategy, industry trends and forecasts for the impact of COVID-19 in 2028 and global analysis by component, organization size, application and industry, the edge market is forecasted computing to reach $132.11 billion by 2028 from US $40.84 billion in 2022; The market size is estimated to grow at a CAGR of 21.6% from 2022 to 2028.

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Global edge computing market Scope of the report, segmentations, regional and country scope:

Report coverage

Details

Market Size Value in

US$40.84 billion in 2022

Market Size Value Per

US$132.11 billion by 2028

Growth rate

CAGR of 21.6% from 2022 to 2028

Forecast period

2022-2028

Reference year

2022

No. of pages

174

# of tables

115

Number of graphs and figures

98

Historical data available

YES

Segments covered

Component, organization size, application and industry

Regional scope

North America; Europe; Asia Pacific; Latin America; MEA

Country scope

United States, United Kingdom, Canada, Germany, France, Italy, Australia, Russia, China, Japan, South Korea, Saudi Arabia, Brazil, Argentina

Report coverage

Revenue forecast, company ranking, competitive landscape, growth drivers and trends

Companies covered

ADLINK technology; Web Services Amazon, Inc.; Dell Technologies; EdgeConnex Inc.; fog horn systems; International Business Machine Corporation; Litmus Society; Microsoft Corporation; Hewlett Packard Enterprise Company; and VaporIO, Inc.

Browse key market information spread across 174 pages with 115 table listings and 98 figure listings from the report, Edge Computing Market Forecast to 2028 – COVID-19 Impact and Global Analysis by Component (Hardware, Software and Services), Organization Size (SMBs and Large Enterprises), Application (Smart Cities, Industrial Internet of Things ( IIoT), Content Delivery, Augmented Reality and Virtual Reality and others) and Industry (Manufacturing, Energy and Utilities, Government, IT and Telecommunications, Healthcare, Retail and Consumer Goods and others) in detail together with the summary: https://www.theinsightpartners.com/reports/edge-computing-market

Global Edge Computing Market: Competitive Landscape and Key Developments

ADLINK Technology, Amazon Web Services, Inc., Dell Technologies, EdgeConnex Inc., FogHorn Systems, International Business Machine Corporation, Litmus Corporation, Microsoft Corporation, The Hewlett-Packard Enterprise Company and Vapor IO, Inc. are among the major market players Profiled in the Edge Computing Market Report. Several other essential market players were analyzed for a holistic view of the market and its ecosystem. The report provides detailed market insights, which help key players strategize for market growth. Some developments are mentioned below:

In April 2022, Dell Technologies expanded its cutting-edge innovations to help retailers rapidly generate more value and deliver customer experiences enhanced by data generated in-store. Dell’s new expertise has brought together cutting-edge technologies so retailers can easily scale and manage their infrastructure from the data center to deliver better in-store experiences.

March 2022, AUO and ADLINK Technology Inc, leading providers of optoelectronic solutions, hosted their first joint virtual technology forum for the EMEA region to explore the future possibilities of edge visualization and artificial intelligence (AI).

March 2022, Huawei Technologies and Dubai-based technology company Emirates Integrated Telecommunications Company signed an agreement at Mobile World Congress (MWC) in Barcelona to develop multi-access edge computing (MEC) which will benefit Emirates Integrated Telecommunications Company to diversify its communication services.

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Global Edge Computing Market: Key Insights

Increasing adoption of IoT across vertical industries to provide lucrative opportunities for edge computing market growth during the forecast period. Industrial manufacturing is seeing a revolution due to the potential of edge computing. Combined with an innovative intelligent IoT edge device, edge computing applications will completely transform manufacturing processes in the coming decades to provide better productivity and efficiency while controlling costs. This is expected to have a positive impact on the growth of the edge computing market during the forecast period. The telecommunications industry is making rapid progress in video conferencing. Software like Zoom and Microsoft Teams are generating new solutions to meet the growing demand for connected workspaces. For example, in December 2020, Amazon Web Services and SK Telecom partnered to provide edge cloud services based on 5G MEC.

Furthermore, IoT in life science and healthcare applications is expected to experience healthy growth in the near future. Edge computing and the Internet of Things (IoT) have contributed to disruptive technological developments to transform the healthcare sector. Healthcare providers can treat patients faster and more efficiently using software applications, patient data, diagnostic devices, and telehealth programs. Thus, the growing adoption of edge computing across a number of industries is expected to fuel the growth of the edge computing market during the forecast period.

Global Edge Computing Market: Industry Overview

The Edge Computing market is segmented based on components, organization size, application, industry and end user. Based on the components, the edge computing market is classified into hardware, software and services. Based on the type of organization size, the edge computing market is segmented into SMBs and large enterprises. In terms of application, the edge computing market is divided into large enterprises and small and medium enterprises. Based on the end user, the edge computing market is segmented into smart cities, industrial internet of things (IIoT), content delivery, augmented reality and virtual reality, and others. By industry, the Edge Computing market is segmented into Manufacturing, Energy & Utilities, Government, IT & Telecom, Healthcare, Retail & Consumer, and others. By region, the Edge Computing market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and South America.

Buy a premium copy of the Edge Computing Market Growth Report (2022-2028) at: https://www.theinsightpartners.com/buy/TIPRE00006845/

The edge computing market in the Asia-Pacific region is projected to grow significantly from 2022 to 2028. According to a survey by GSMA, around 90.0% of mobile ecosystem players in China have analyzed edge computing as a substantial revenue opportunity in the 5G era. Edge computing deployments in the country are primarily designed to meet the requirements of smart factories, smart ports, and smart campuses. Thus, the growing adoption of edge computing for smart cities and factories is expected to spur growth in the region during the forecast period. On the other hand, in 2022 North America grabbed the top revenue share of the edge computing market. The convergence of edge computing with the IIoT creates favorable circumstances for manufacturers in the United States to move towards connected factories. A number of startups have also evolved to provide platforms for developing edge computing solutions designed to fuel the region’s market growth. For example, in November 2019, edge computing company MobiledgeX, Inc. and information technology and communications company Telus Communications collaborated to create the MobiledgeX Early Access Program. The program enabled developers to test, build, and analyze the efficiency of edge-enabled applications in a low latency environment.

Check out additional research published by The Insight Partners: (Purchase with instant 10% discount):

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The Insight Partners is a single provider of actionable intelligence industry research. We help our clients find solutions to their research needs through our syndicated research and consultancy services. We specialize in industries such as semiconductors and electronics, aerospace and defense, automotive and transportation, biotechnology, healthcare informatics, manufacturing and construction, medical devices, technology, media and telecommunications, chemicals and materials.

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Industry research: https://www.theinsightpartners.com/blog/edge-computing-market-register-to-grow-at-a-cagr-of-21-6-from-2022-to-2028/

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