According to IMARC Group’s latest report, titled “Edge Computing Market Report: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,” the global edge computing market exhibited robust growth during 2015-2020. Looking forward, the market is expected to grow at a CAGR of 30% during 2021-2026.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Edge computing is a computing infrastructure that transfers various processes from the cloud to local devices, such as user’s computer, an IoT device, or an edge server. It reduces the operational latency due to long-distance communication between the client and the server, thereby enhancing the process efficiency. As a result, several organizations are getting inclined towards edge computing based on its controlled bandwidth requirement, reduced operational costs, and limited server resources.
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The growing inclusion of the Internet-of-Things (IoT)-based and associated devices is primarily driving the market for edge computing. Furthermore, several key players are integrating edge computing solutions with IoT-enabled devices for enhanced connectivity and transferring data to and from the cloud. Additionally, various telecom companies are widely adopting multi-access edge computing (MEC) to improve application performance and reduce network congestion. Moreover, the emergence of faster networking technologies, such as 5G wireless, has augmented the utilization of edge computing systems in video processing and analytics, autonomous vehicles, artificial intelligence (AI), and robotics. With the sudden outbreak of COVID-19, the edge computing solutions are increasingly adopted by several organizations due to the increased proliferation of remote working models.
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List of Key Companies Covered in this Market Report:
- ABB Ltd.
- Amazon Web Services (AWS) Inc.
- Cisco Systems Inc.
- Digi International Inc.
- General Electric Company
- Hewlett Packard Enterprise Development LP
- Huawei Technologies Co. Ltd.
- IBM Corporation
- Intel Corporation
- Microsoft Corporation
- SAP SE
- Siemens AG.
The report has segmented the market on the basis of component, organization size, vertical and geography.
Breakup by Component:
Breakup by Organization Size:
- Small and Medium-sized Enterprises (SMEs)
- Large Enterprises
Breakup by Vertical:
- Energy and Utilities
- Government and Defense
- Media and Entertainment
- Retail and Consumer Goods
- Transportation and Logistics
- Healthcare and Life Sciences
Breakup by Geography:
- North America (U.S. & Canada)
- Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
- Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
- Latin America (Brazil, Mexico)
- Middle East & Africa
Key highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021- 2026)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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