Global Edge Computing Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027

The Global Edge Computing Market report overview:

“The global Edge Computing Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031.”

The Global Edge Computing Market report offers in-depth insights, revenue details, and other vital information regarding the global edge computing market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2027.

The report offers insightful and detailed information regarding the various key players operating in the global edge computing market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global edge computing market report has been segmented on the basis of component, application, end user, and region.

Edge computing is a network mesh of micro data centres that processes and stores critical data closer to source of data or nearer to end user. This reduces communications bandwidth between central datacentres/cloud and end-user devices owing to which there is reduced network traffic. Edge computing can be used for data acquisition, mobile signature analysis, data caching etc.

Increasing penetration of Internet of Things (IoT) and rising adoption of cloud services and solutions are key factors driving growth of the global edge computing market. In addition, growing smart city projects and rising adoption of connected devices are other factors expected to propel growth of the global edge computing market over the forecast period.

Increasing adoption of real time analytics and big data analytics are further boosting demand for edge computing. This is another factor expected to drive growth of the global edge computing market over the forecast period.

High deployment cost, and concerns related to data security are key factors hampering growth of the global edge computing market. Additionally, lack of skilled workforce is another factor expected to hamper growth of the global edge computing market over the forecast period.

North America is a dominant player in the global edge computing market, and accounts for largest market share in terms of revenue. This dominance can be attributed to increasing adoption of edge computing solutions & services in the region.

The market in Europe accounts for second highest share and is expected to register a CAGR of XX.X% during the forecast period. The market in Asia Pacific is projected to register highest growth rate in terms of revenue, owing to rising digitization, and increasing adoption of big data analytics among countries in this region.

Global Edge Computing Market Segmentation:

Global edge computing market segmentation by component:

• Hardware
• Software

Global edge computing market segmentation by application:

• Location-Based services
• Video analytics
• Unified communication
• Optimized local content distribution
• Others

Global edge computing market segmentation by end user:

• Telecom and IT
• Healthcare
• Government and Public
• Energy and Utilities
• Retail
• Others

Global edge computing market segmentation by region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa