Edge Computing Market 2019 – 2024: Global Profit Analysis, Industry Segments, Top Key Players, Drivers and Business Trends

Global Edge Computing Market F is estimated to reach USD 22,453.9 million by 2024, registering a 28.4% CAGR during the forecast period of 2018 to 2024

Pune, India - August 8, 2019 /MarketersMedia/ —

Edge Computing Market Overview:
As per a new study conducted by Market Research Future (MRFR), the global edge computing market is set to capture a CAGR of 27.3% during the forecast period (2018–2023). The market growth is attributable to a combination of factors such as advances in computing technology, internet of things (IoT) boom and development of robust internet infrastructure. Factors such as the proliferation of IoT and increased concerns over data security are expected to play an important role in shaping the dynamics of global edge computing market during the assessment period. Moreover, rapid adoption of advanced technologies such as data analytic tools and fog computing is also reflecting favourably on the market. However, edge computing remains vulnerable to cyber malignancy, which acts as a formidable challenge for developers and users. This continues to be a major impediment for the market.

Edge computing has high potential to embrace automation in the near future. The introduction of high-speed networks such as LTE and 5G network is enabling a better and swifter integration of edge computing. The arrival of 5G connectivity has led to development of smarter computing tools. For businesses and enterprises, such technological developments are facilitating more efficient utilization of edge computing. At the same time, the increase in the volume of data to be transferred from one point to another is entailing faster data processing in real time, this in turn is likely to create opportunties for edge computing during the forecast period.

The global Edge Computing Market is predicted to grow at a 27.3% CAGR over the forecast period (2018-2023), reveals the new Market Research Future (MRFR) report. Edge computing simply put, is an open, distributed IT architecture which features decentralized processing power, allowing internet of things technologies and mobile computing. Data in edge computing is processed through a local server or computer or the device itself, instead of getting transmitted to the data centre. Edge computing functions in an individual device, plant level, or fleet.

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Major Key Players:
Leading players profiled in the edge computing market report include Integrated Device Technology (US), Huawei Technologies (China), IBM Corporation (US), Aricent (US), Alphabet Inc. (US), SAP SE (Germany), Intel Corporation (US), Microsoft Incorporation (US), General Electric (US), and Amazon (US).

June 2019: Leading Chinese manufacturer as well as supplier of smart edge devices, Dusun Electron Ltd., has introduced its programmable, open source edge computing loT hubs/gateways. APIs and SDKs are offered that can be utilized to allow customers to make their programs for controlling the transfer procedure and data processing.

Market Segmentation:
MRFR’s report offers a detailed segmental analysis of the market based on technology, deployment, component, end-user, applications, and region. By technology, the market is segmented into mobile edge computing, fog computing. Fog computing is expected to hold the largest market share during the forecast period. By deployment, the market is segmented into on-premises and on-cloud.

The on-cloud segment is expected to dominate the market during the forecast period. By component, the market has been segmented into hardware and software. Among these, the hardware segment currently holds the pole position and is likely to witness a healthy growth over the next couple of years. By end user, the market is sub-segmented into surveillance, automotive, gaming, and media, healthcare and education. The surveillance segment held the dominant market share in 2017. Meanwhile, the automotive segment is expected to exhibit the highest rate during the forecast period. By application, the market has been segmented into IoT, data caching, analytics, and environment monitoring. The IoT segment is expected to retain its top position over 2023, reflecting a CAGR of 25.6%.

Regional Analysis:
Based on the region, the edge computing market report covers growth opportunities and the latest trends across the Asia Pacific, Europe, North America, and Rest of the World. Of these, North America will spearhead the market over the forecast period. This is owing to the higher adoption of various technologies in this region.

The edge computing market in the APAC region is predicted to grow at the fastest pace over the forecast period. This is owing to the robust development in media, telecommunication, gaming, and automotive industries.

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Intended Audience:
• Technology Investors
• Research/Consultancy firms
• Technology Solution Providers
• Government Bodies
• E-commerce companies
• Original Equipment Manufacturers

About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

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