Global Edge Computing market is growing at an astronomical rate owing to the factors such as rising inclination of the industries such as healthcare & life sciences and transportation & logistics toward the adoption of Internet of Things (IoT), and surging investment by the companies in edge computing. Moreover, the rollout of wireless 5G telecommunications networks in the emerging countries such India is prominently leading to the introduction of new edge computing in the 5G era, further propelling the growth of the market. However, rising demand for automated decision-making solutions, extensive government inclination toward autonomous vehicles and connected car infrastructure, along with emanating demand for edge-computing to address growing data volumes and network traffic are some of the factors strongly contributing toward the growth of the market in the forecast period.
According to MarkNtel Advisors’ research report “Global Edge Computing Market Analysis, 2020”, the Global Edge Computing market is anticipated to grow at a CAGR of around 30% during 2020-25. Based on Organization, large enterprise acquired the majority market share in the Global Edge Computing market in 2019. The rising data generation in the form of intelligent vehicles, machines, and faster adoption of edge computing solutions among large enterprises to detect failures in the shortest possible time for avoiding downtime and loss in production.
“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.
Asia-Pacific to Register Fastest Growth
Asia-Pacific is projected to attain the highest CAGR by 2025. The growth of the segment is attributed to the factors such as boost in the government spending toward the developments of 5G networks, growing adoption of advanced technologies such as cloud computing and IoT among the verticals, and rising penetration of edge computing-based products such as electric vehicles, fitness trackers, etc. Moreover, increasing digitalization in the countries such as India, China, and Japan and emergence of startups in providing edge-enabled solutions are expected to bolster the growth of the Edge Computing Market in the forthcoming period 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: