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Edge computing is an Internet of Things (IoT) method of capturing, storing, processing, and analyzing data as close to the source of the data as possible via processors equipped with AI software.
Global Edge Computing Market Analysis, 2020 research report depicts a deep-dive market analysis of statistics of Global Edge Computing market which consists of regional and country-wise market size, market forecast, CAGR market segmentation, market shares of diverse regions and countries, market share of various end-users, applications, product type, technologies, competitive benchmarking, etc.
Market Opportunities
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 2020-25F. The growth is attributed to surging government investment in smart cities projects, rising adoption of smart devices, and connected vehicles by the consumers, and rollout of faster networking technologies, such as 5G wireless technology. Besides these, the increasing amount of funding by the companies in order to launch products such as home security cameras that use edge computing, decreasing prices of hardware components and computation mediums, and burgeoning demand for remote monitoring are strongly contributing toward the growth of the market in the forecast period.
Market Segmentation
Solution Segment Dominated the Market
Based on Component, the Solution segment dominated the global edge computing market in 2019. Hardware acquired the majority market share in the Solution segment due to a boost in cloud-based applications amongst the end-users such as energy & utilities and declining prices of hardware such as sensors, router gateways, etc. Moreover, the platform segment is also witnessing rapid growth owing to the launch of various edge-computing platforms by the market players, rising demand for edge computing platforms amongst companies to influence set hardware and software functionality, and increasing spending by the enterprises in IT/OT solutions. Thus, this is anticipated to strongly contribute toward the growth of the Edge Computing market globally in the near future as stated in the MarkNtel Advisors’ research report “Global Edge Computing Market Analysis, 2020”.
Competitive Landscape
According to MarkNtel Advisors, the key players with a considerable market share in the Global Edge Computing market include 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 Market Research Report:
Market Outlook, Segmentation and Statistics
Frequently Asked Questions:
Q. What is the historical year, base year and forecast year considered in the research report on Global Edge Computing Market?
A. The historical data has been provided since 2015, while the base year is 2019 and the data is forecast up-to 2025.
Q. What are the units or denomination for measuring market value and volume in the report?
A. The market size/industry size or the market value is measured in terms of USD Million.
Q. What would be the growth rate or CAGR of Global Edge Computing Market during 2020-25?
A. The growth rate of Global Edge Computing Market during 2020-25 is forecast to be grow at a CAGR of 30%
Q. Who are the key competitors or players operating in Global Edge Computing Market?
A. 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., are few of the leading players in the Global Edge Computing Market.
Q. Which organisation size segment would emerge as an opportunity area for players in Global Edge Computing Market?
A. Large Enterprise is expected to attain the highest CAGR during the forecast period and maintain its significant market share.
Q. Which region would emerge as an opportunity area for players in Global Edge Computing Market?
A. Asia-Pacific grabbed a significant market share continue to grow at a highest CAGR, presenting immense opportunities for market players of Global Edge Computing Market.
