Edge Computing Market by Component (Hardware, Platform, Solutions), Application (Smart Cities, Location Services, Analytics, Augmented Reality), Organization Size (SME, Large Enterprises), Vertical, and Region - Global Forecast to 2022

Published: November 2017
No. of Pages: 129
Single User License: US $ 5650
Corporate User License: US $ 8150

“The rise in real-time intelligent applications, widespread adoption of IoT technologies across industries, increasing need for high bandwidth, and rising load on cloud computing are driving the edge computing market”

The edge computing market size is estimated to grow from USD 1.47 billion in 2017 to USD 6.72 billion by 2022, at an estimated CAGR of 35.4%. This market is driven by factors such as increased adoption of IoT technologies and the increasing proliferation of intelligent applications that require low latency. On the other hand, security concern is expected to hinder the growth of the market during the forecast period.

“Smart cities segment is expected to hold the major market share during the forecast period”

Smart cities projects are expected to gain traction in the coming years across geographies. Smart cities comprise multitude of applications that require low latency and high bandwidth requirement to accomplish tasks successfully. Edge computing brings the computing capabilities at the edge of the network, thereby reducing the latency and facilitating applications with faster responses. With the implementation of smart cities projects across developing geographies, edge computing hardware, platform, and services are likely to gain demand in the coming years.

“Small and Medium Enterprises (SMEs) segment is expected to grow at the highest CAGR during the forecast period”

The SMEs segment is expected to grow at a higher CAGR during the forecast period. Small enterprises face greater resource crunch than larger enterprises to invest in data centers to store and manage their large data. Edge computing facilitates SMEs by collecting, processing, and storing data at the edge of the network closer to the source, thus reducing the operational costs. SMEs are keen to adopt advanced IT technologies such as edge analytics in order to cope up with the market competition. This is one of the factors that aid the edge computing market within the SMEs segment across the world.

“Asia Pacific (APAC) is expected to witness a high growth potential during the forecast period.”

North America holds the largest market share in 2017whileAPAC is the fastest-growing region in terms of CAGR. APAC is expected to be a lucrative market for edge computing during the forecast period, considering the untapped opportunities and heavy investment in smart cities projects in the developing countries in the region. Moreover, government initiatives to promote digitization in developing countries has led many large organizations to target their market in this region. This is expected to create opportunities for edge computing vendors to explore in the coming years.

In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews were conducted with the key people. The break-up of profiles of primary participants is given below as:

  • By Company Type: Tier 1 – 35%, Tier 2 – 45%, and Tier 3 – 20%
  • By Designation: C-level – 35%, D-level – 25%, and Others – 40%
  • By Region: North America – 45%, Europe – 20%, APAC – 30%, and RoW- 5%

The edge computing ecosystem comprises major vendors such as Nokia Networks (Finland), Huawei (China), Juniper Networks (US), Dell (US), Cisco Systems (US), HPE (US), SixSq Sàrl (Switzerland), FogHorn Systems (US), Vasona Networks (US), Machine Shop Inc. (US), Saguna Networks (Israel), Vapor IO (US), Xiotech (US), Mirror Image (US), Aricent (US), and ADLINK Technology (US).

Research Coverage

The edge computing market has been segmented by component, application, organization size, vertical, and region. The report will help market leaders/new entrants in this market in the following ways:

The report segments the edge computing market comprehensively and provides the closest approximations of the revenue numbers for the overall market and subsegments. The market numbers are further split across different verticals and regions.

Reasons to Buy the Report

From an insight perspective, this research report focuses on various levels of analysis- market share analysis of the top players and company profiles, which together comprise and discuss basic views on the competitive landscape; emerging and high-growth segments of the edge computing market; and high-growth regions and their respective drivers, restraints, challenges, and opportunities.

The report will enrich both established firms as well as new entrants/smaller firms to gauge the pulse of the market, which in turn will help firms in garnering a greater market share.

Published By: MarketsandMarkets
Product Code: MarketsandMarkets1143

Did you find what you are/were looking for ? If not, read below and browse through other relevant pages for similar market research reports OR get in touch with us through the form/contact info in your right navigation panel and well share relevant market report titles for you to explore.

Related Reports:

Why ReportsnReports.com?

  • 500,000 market research reports and growing.
  • Top Fortune 500 Organizations trust us for research data.
  • 24/7 support on call as well as emails.
  • Your Details are safe with us.
  • Free support for your research requirements.
  • Report Delivery: Email
  • Delivery Time:
    • Upto 24 hrs - working days
    • Upto 48 hrs max - weekends and public holidays

Research Support / Custom Research

If this business study does not have the data and information analysis you need, contact us with your research requirements. We explore available market research reports to map your needs and share report titles with you. Alternatively, we can also offer custom research that suits your budget and timelines. Share your information requirements here.
Connect With Us
Email: sales@reportsandreports.com Call : + 1 888 391 5441

Subscription Option

Using our subscription option, you get access to market research reports and industry data of Consumer Goods market as per your needs. Get the best of Consumer Goods research reports by utilizing your research budgets in an optimum way.

More about our Subscription option
Report Alerts

Get Email alerts about market research reports from industries and publishers of your interest:

We use cookies to deliver the best possible experience on our website.
By continuing to use this site, or closing this box, you consent to our use of cookies. To learn more, visit our Privacy Policy