Rising investment by the companies in cloud infrastructure, surging deployment of Internet of Things (IoT) solution among verticals such as transportation & logistics and manufacturing s, the advent of 5G, burgeoning need for low latency, and lack of real-time applications are some of the factors promoting the growth of Global Edge Computing market. Besides these, the extensive inclination toward connected devices and burgeoning adoption of edge computing in industries such as healthcare & life sciences and transportation & logistics due to rising deployment of advance technologies like Internet of Things (IoT) are surging the demand for edge computing. Moreover, rising expenditure on connected car infrastructure ,propelling demand for edge computing to address growing data volumes are anticipated to place a positive impact toward the growth of the market in the forecast period.
According to MarkNtel Advisors’ research report titled “Global Edge Computing Market Analysis, 2020”, the Global Edge Computing market is anticipated to grow at a CAGR of around 30% during 2020-25F. Based on Application, Connected Vehicles acquired the considerable market share in the Global Edge Computing market in 2019. The astronomical data growth in connected and autonomous vehicles, new technological integration in vehicles, and emergence of real-time applications in the automotive industry such as video analytics, self-driving vehicles, driver monitoring systems, surveillance cameras, etc. are the major factors driving the demand for edge computing.
“Global Edge Computing Market Analysis, 2020” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and growth opportunities available for Edge Computing providers across the globe. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitor's capabilities on 16 parameters. This will help companies in the formulation of Go to Market Strategies and identifying the blue ocean for its offerings.
North America Acquired the Largest Share
North America acquired the largest market share in 2019. The US dominated the North America market owing to the factors such as boost in the emergence of autonomous vehicles and connected car infrastructure, large-scale adoption of advance technology such as cloud computing and IoT among manufacturers, and increase in the number of startups in advance business solutions. Apart from these, the rollout of 5G, extensive penetration of edge computing-based products such as electric vehicles and fitness trackers, and strong foothold of giant market players are expected to lead to the growth of the Edge Computing Market in the coming years as stated in MarkNtel Advisors’ research report “Global Edge Computing Market Analysis, 2020”.
According to MarkNtel Advisors, the key players with a considerable market share in the Global Edge Computing market are IBM Corporation, Amazon Web Services, Cisco Systems, Inc., Huawei Technologies Co. Limited, ABB Group, Intel Corporation, Microsoft Corporation, SAP SE, Hewlett Packard Enterprise Development LP, AT&T Inc., Rockwell Automation Inc., Atos SE, Digi International Inc., General Electric Company, ADLINK Technology Inc. etc.
Key questions answered in the study: