Global Edge Computing Market is growing at a CAGR of ~16% during the forecast period (2022-2028): Ken Research

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Global Edge Computing Market By Geography

The Global Edge Computing market is segmented by geography into North America, Europe, Asia- pacific and LAMEA. North America segment held the largest market share in 2022, The convergence of IIoT and edge computing is creating favorable conditions for manufacturers in the USA to transition to connected manufacturing.

Several startups have also emerged to provide platforms for building edge-enabled solutions, which are expected to help the regional market's growth. For instance, the MobiledgeX Early Access Program was developed in cooperation between Telus Communications and MobiledgeX, Inc. The software has made it possible for programmers to create, test, and evaluate the effectiveness of edge-enabled apps in a low-latency setting.

Competition Scenario In Global Edge Computing Market

The global edge computing market is highly competitive with ~200 players which include globally diversified players, regional players, and country-niche players with their niche in the edge computing market.

County-niche players constitute ~45% of the market, while the regional players are the second largest by type. Some of the major players in the market include General Electric Company, IBM Corporation, Intel Corporation, Microsoft Corporation, SAP SE, Amazon Inc., Huawei Technologies Co. Ltd., Hewlett Packard Enterprise Development, Honeywell International Inc., Google LLC, and others.

What is the Expected Future Outlook for the Overall Global Edge Computing Market Across the globe?

The Global Edge Computing market was valued at USD ~8 billion in 2022 and is anticipated to reach USD ~ 20 billion by the end of 2028F, witnessing a CAGR of ~% during the forecast period 2022-2028F. The realistic growth scenario represents the most likely scenario as per current market conditions. This scenario assumes that there will be no overall impact on the market due to any potential COVID-19 waves in the future.

The Global Edge Computing market is driven by the rollout of 5G and the rising demand for decentralized data processing capability. However, the market is also constantly being influenced by rapid development in technology, product innovation, and diversification in some countries.

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With the increasing collaboration and emergence of new products, the Global Edge Computing market is changing rapidly. For instance, In June 2022, SixSq announced their continued collaboration to provide Nuvla Marketplace users with intelligent sound-embedded software that can analyze particular sounds in any situation. The unique sound processing technology from Securaxis can now be purchased, deployed, and managed much more easily thanks to this agreement.

In May 2022, Litmus and Google Cloud collaborated to create the Manufacturing Connect platform, which simplifies the hard operation of collecting data from different industrial equipment and exposing it to Google Cloud data and Al applications. A factory edge platform called Manufacturing Connect is designed specifically to accommodate more than 250 machine communication protocols right out of the box. For advanced analytics and Al, data is organized, stored locally, and transmitted to Google Cloud. For closed loop Al, the platform can manage and deploy machine learning and AI models at the edge.

The global edge computing market is forecasted to continue the growth that is witnessed since 2017, edge computing is a method that handles data processing at the network's edge. For instance, a mobile phone might be an edge device in the telecom industry. As a result, every device that produces data near the network's edge serves as an edge device. The primary drivers of the growth of the worldwide edge computing market include variables like the rise in the number of intelligent apps and the increased global strain on cloud infrastructure. Though the market is highly competitive with ~200 players, few global players control the dominant market share and regional players also hold a significant market share.

Market Taxonomy

By Component

• Hardware
• Software
• Services

By Application

• IIoT
• Remote Monitoring
• AR/VR
• Content Delivery
• Others

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By End-User

• Manufacturing
• Energy & Utility
• Healthcare
• Telecommunications
• Retail
• Others

By Geography

• North America (USA, Canada, Mexico)
• Europe (Germany, UK, France, Spain, Italy)
• Asia-Pacific (China, Japan, South Korea, India, Indonesia, Australia)
• LAMEA (Latin America, Middle East, Africa)

Leading Companies

• General Electric Company
• IBM Corporation
• Intel Corporation
• Microsoft Corporation
• SAP SE
• Amazon Inc.
• Huawei Technologies Co. Ltd.
• Hewlett Packard Enterprise Development
• Honeywell International Inc.
• Google LLC

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Global Edge Computing Market

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3 Key Insights on Competitive Landscape in Global Edge Computing Market: Ken Research

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Few diverse global players dominate the market holding ~40% of revenue share despite the presence of about ~200 competitors comprising a large number of country-niche players and regional players, finds a recent market study on Global Edge Computing Market by Ken Research.

Edge computing adds to the organization's complexity by allowing a broad group of stakeholders to maintain IT infrastructures, networking, software development, traffic distribution, and service administration. Edge further blends networking architecture, software, and hardware solutions to address a range of use cases across numerous industries. The development of edge computing is still in its early stages. Although it’s operational and deployment models have not yet developed, edge computing is anticipated to present considerable growth opportunities for new entrants in the coming years.

Ken Research shares 3 key insights on the competitive landscape of this dynamic market from its latest research study.

1. Global Players Who Comprise 15% in Terms of the Number of Competitors Hold the Dominant Revenue Share

Competitive Analysis by the Ken Research Study found that the Global Edge Computing Market is highly competitive with ~200 players which include globally diversified players, regional players as well as a large number of country-niche players having their niche in Edge Computing. The country-niche players comprise just about ~45% in terms of the number of companies, followed by regional players accounting for ~40% in terms of the number of companies. Most of the country-niche players are raw material suppliers. Some of these who successfully evolve to create Edge Computing products often get acquired by large global players seeking to grow and diversify quickly.

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2. Leading Specialist Global Players' Ongoing Efforts To Provide Edge Computing To a Variety of Industries Drive the Growth of the Market

Detailed comparative analysis of key competitors available within the Research Study shows that specialist companies, such as General Electric Company, IBM Corporation, Intel Corporation, Microsoft Corporation, SAP SE, Amazon Inc., Huawei Technologies Co. Ltd., Hewlett Packard Enterprise Development, Honeywell International Inc., and Google LLC and among others are the major companies operating in the Global Edge Computing Market.

• In January 2022, Amazon Web Services (AWS) made its new Amazon Elastic Compute Cloud (Amazon EC2) Hpc6a instances generally available. High-performance computing (HPC) tasks are processed by these "purpose-built" EC2 instances using 3rd Gen AMD EPYC CPUs at what Amazon says.
• In November 2021, Kyndryl announced a historic worldwide strategic alliance that would bring together its market-leading capabilities in the service of enterprise customers. The partnership with Microsoft is Kyndryl's first since it just went public and offers the two businesses new, enormously lucrative income potential.

3. Companies Initiatives to Aid in the Expansion of the Global Market for Edge Computing Market 

• In June 2021,Cisco has introduced a new line of catalytic industrial routers with embedded 5G technology to help businesses boost their network capacity to the edge while maintaining flexibility, scalability, and security.
• In April 2021, Verizon and AWS made private mobile 5G edge computing available to enterprises in the United States using the Verizon private 5G network and AWS outposts.

Key Topics Covered in the Report: -

Snapshot of the Global Edge Computing Market

Industry Value Chain and Ecosystem Analysis

Market size and Segmentation of the Global Edge Computing Market

Historic Growth of the Overall Global Edge Computing Market and Segments

Competition Scenario of the Market and Key Developments of Competitors

Porter’s 5 Forces Analysis of the Global Edge Computing Industry

Overview, Type Offerings, and Strengths & Weaknesses of Key Competitors

COVID-19 Impact on the Overall Global Edge Computing Market

Future Market Forecast and Growth Rates of the Total Global Edge Computing Market and by Segments

Market Size of Application Segments with Historical CAGR and Future Forecasts

Analysis of Global Edge Computing in Major Regions

Major Type/Supply and Consumption/Demand Hubs within Each Region

Major Country-wise Historic and Future Market Growth Rates of the Total Market and Segments

Overview of Notable Emerging Competitor Companies within Each Major Region

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Major Players Mentioned in the Report

General Electric Company

IBM Corporation

Intel Corporation

Microsoft Corporation

SAP SE

Amazon Inc.

Huawei Technologies Co. Ltd.

Hewlett Packard Enterprise Development

Honeywell International Inc.

Google LLC

Notable Emerging Companies Mentioned in the Report

EdgeConnex Inc.

ClearBlade

Digi International

Axellio

Key Target Audience – Organizations and Entities Who Can Benefit by Subscribing This Report

Edge Computing Companies

Edge Computing Association

Cloud Server Manufacturers

Networking Equipment Manufacturers

Research & Development Institutes for Edge Computing

Edge Computing Manufactures

Technology Research Associations

Edge Computing Solution Suppliers

Edge Computing Component Providers

Investment Banks Targeting Edge Computing Market

PE and VC Firms Targeting Edge Computing Industry

Government Ministries and Departments of Information Technology

Government Ministries and Departments of Communications Industry

Potential Entrants into Edge Computing Industry

For more insights on the market intelligence, refer to the link below: -

Global Players in Edge Computing Industry