Edge Computing Market Survey and Forecast Report 2030

Edge Computing Market: The Edge Computing market is driven by an increase in Edge Computing Market Projected to Hit USD 168.6 Billion at a 24.51% CAGR by 2030

the usage of cloud computing and storage solutions with a healthy CAGR of 24.51% during the forecast period of 2022 to 2030.

According to a comprehensive research report by Market Research Future (MRFR), “Edge Computing Market: By Type, By Application, Forecast till 2030”, the market is predicted to thrive substantially during the assessment era from 2020 to 2030 at a healthy CAGR of approximately 24.51% to attain a valuation of around USD 168.6 Billion by the end of 2030. 

Edge Computing Market Overview:

According to MRFR analysis, the global Edge Computing market is expected to register a CAGR of 24.51% from 2022 to 2030 and hold a value of over USD  171 billion by 2030. 

Edge computing is a revolutionary technology that has gained significant popularity in recent years. It refers to the use of computing resources that are located at the edge of the network, closer to the data source, rather than in a centralized data center. This technology has the potential to transform the way we interact with the internet, and it is becoming increasingly important for businesses and organizations of all sizes.

In this article, we will discuss the importance of edge computing and its benefits. We will explore the various applications of this technology, and how it is changing the way we use the internet. We will also provide insights into the future of edge computing and how it will shape the technology landscape in the years to come.

Edge Computing Market Competitive Analysis:

The list of leading contributors across the global market for Edge Computing Market includes companies such as:

• General Electric Company

• Amazon, Inc.

• Intel Corporation

• Microsoft Corporation

• SAP SE

• Schneider Electric SE

• Alphabet Inc.

• IBM Corporation

• ADLINK Technology Inc.

• Huawei Technologies Co. Ltd.

• eInfochips, EdgeConnex Inc.

• Integrated Device Technology, Inc.

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Edge computing is a distributed computing paradigm that brings computation and data storage closer to the source of data, rather than relying on a centralized data center or cloud. Edge computing devices, such as gateways, routers, and embedded systems, process and analyze data at the edge of the network, close to where it is generated, reducing the amount of data that needs to be sent to the cloud for processing. The COVID-19 pandemic has had an impact on the Edge Computing industry, as the increased demand for remote access and real-time analytics has highlighted the need for edge computing solutions. With many employees working remotely and accessing company systems and data remotely, the need for edge computing solutions that can provide secure and reliable access to data and applications has increased. Additionally, the increased use of digital platforms and e-commerce has also led to an increased need for edge computing solutions that can provide real-time analytics and insights, and support low-latency and high-bandwidth applications, such as video conferencing, online gaming, and remote monitoring.

Edge Computing Market Segmentation:

The Global Edge Computing market has been segmented into technology, deployment, and component.

Based on the technology, the market has been segmented into Mobile Edge Computing, Fog Computing.

Based on the deployment, the market has been segmented into On-Premise and Cloud.

Based on the component, the market has been segmented into Hardware, Software, and Solutions.

As per the components

• Service

• Software

• Hardware 

As per the enterprise size

• Large enterprise

• SMEs 

As per the end-users

• Transportation

• Manufacturing

• BFSI

• Healthcare

• Semiconductor

• IT & telecommunication

• Energy

• Education

• Government

• Retail

• Utilities

• Hospitality 

As per the region

• North America

• Europe

• Asia-Pacific

• The Middle East and Africa

What is Edge Computing?

Edge computing is a distributed computing paradigm that brings computation and data storage closer to the location where it is needed, i.e., the edge of the network. It aims to reduce the latency and bandwidth required to transmit data to and from centralized data centers. This technology is particularly useful in situations where real-time data processing is required, such as in autonomous vehicles, smart homes, and industrial automation.

Benefits of Edge Computing:

There are several benefits of edge computing, including:

1. Reduced Latency: Edge computing can significantly reduce the latency of data transmission, resulting in faster response times.

2. Improved Security: By keeping data processing and storage closer to the source, edge computing reduces the risk of data breaches and other security issues.

3. Cost-Effective: Edge computing eliminates the need for expensive data centers, resulting in significant cost savings.

4. Increased Scalability: Edge computing allows for greater scalability, making it easier to add new devices and applications to the network.

Applications of Edge Computing:

Edge computing has a wide range of applications across various industries, including:

1. Autonomous Vehicles: Edge computing is essential for autonomous vehicles as it allows for real-time data processing, enabling them to make split-second decisions.

2. Industrial Automation: Edge computing is critical in industrial automation as it enables real-time monitoring and control of production processes.

3. Smart Homes: Edge computing is essential in smart homes as it allows for local data processing and automation.

4. Healthcare: Edge computing can be used in healthcare for real-time monitoring of patients and the analysis of medical data.

Future of Edge Computing:

The future of edge computing looks promising, with more and more businesses and organizations adopting this technology. It is expected that edge computing will play a significant role in the development of the Internet of Things (IoT) and the implementation of 5G networks. With the rise of smart cities, edge computing will become increasingly important in enabling real-time monitoring and control of city infrastructure.

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Edge Computing Market Regional Analysis:

The Asia Pacific region is growing at a rapid rate and has the largest share of the Edge Computing market. The region's rapidly growing economies, such as China and India, are driving the demand for advanced technologies, including Edge Computing. The increasing adoption of the Internet of Things (IoT) and the growing demand for real-time data processing and analysis are also contributing factors to the growth of the Edge Computing market in the Asia Pacific region. Additionally, the region's favorable policies and incentives for the adoption of advanced technologies, as well as the presence of leading technology companies, are also driving the growth of the Edge Computing market in the Asia Pacific region.

In conclusion, edge computing is a revolutionary technology that is changing the way we interact with the internet. It offers significant benefits, including reduced latency, improved security, cost savings, and increased scalability. Edge computing has a wide range of applications across various industries, and it is expected to play a significant role in the development of IoT and 5G networks. With the rise of smart cities, edge computing will become increasingly important in enabling real-time monitoring and control of city infrastructure.

About Market Research Future:

Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis regarding diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.

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