Research Nester released a report titled “Edge computing Market: Global Demand Analysis & Opportunity Outlook 2027” which delivers the detailed overview of the edge computing market in terms of market segmentation by component, by end user and by region.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
The edge computing market is anticipated to progress at an accelerating rate over the forecast period, i.e., 2019-2027. On the basis of component, the edge computing market is segmented into hardware, software, services, and edge-managed platform. On the basis of end-users, the market is segmented into education, entertainment, healthcare, retail, surveillance, industrial manufacturing sector and others. The growth of the market is driven by rising adoption of edge platform among various industries on the back of their ability to increase efficiency by implementing modern cost-saving measures and extract valuable and meaningful information. Additionally, the ability to analyze and process volumes of complex data generated by growing number of IOT connected devices across the world is further estimated to result in the adoption of edge computing, thereby supporting the growth of the market in coming years.
By region, the global edge computing market is segmented into North America, Asia-Pacific, Latin America, Europe, Middle East and Africa, out of which the market in North America is anticipated to hold the major share during the forecast period on the back of presence of major key players along with early adoption of new and advanced technology across multiple end-users in the region. The edge computing market in Europe is estimated to witness growth at a significant rate on account of increased demand for technologies and increased investments in research and development in the region. Furthermore, the market in Asia Pacific is anticipated to project highest growth rate during the forecast period owing to increased investments in telecommunication sectors and high penetration of smart devices in emerging economies of countries. These factors, along with increasing adoption of edge solutions, are estimated to fuel the growth rate in the region.
Growing Benefits for Organizations to Boost Opportunities in Edge Computing Market
The ability of edge computing to process data at remote sites benefits numerous organizations around the globe. Minimization of operating costs, limited use of internet bandwidth, improvement in performance and exploration of potential new business models are some of its benefits that are anticipated to contribute towards the increase in adoption of edge computing, thereby supporting the growth of the edge computing market. However, high maintenance costs and lack of technical knowledge among the professionals for the adoption of complex edge computing technology is estimated to negatively affect the growth of the edge computing market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the edge computing market which includes company profiling of key companies such as AT&T (NYSE: T), Cisco Systems, Inc. (NASDAQ: CSCO), Dell Inc. (NYSE: DELL), Hewlett Packard Enterprise Development LP (NYSE: HPE), Huawei Technologies Co., Ltd, IBM Corporation (NYSE: IBM),Intel Corporation (NASDAQ: INTC), Juniper Networks, Inc. (NYSE: JNPR), Microsoft (NASDAQ: MSFT) and SAP SE (ETR: SAP).
The outlining enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the edge computing market that is expected to help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.