Global Edge Computing Market is expected to reach a market size of ~US$ 20 billion by 2028: Ken Research

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What Is the Size of Global Edge Computing Industry?

Global Edge Computing market is growing at a CAGR of ~% in 2017-2022 and is expected to reach ~20 USD Bn by 2028. The Edge Computing Market is largely driven by the rollout of 5G and the rising demand for decentralized data processing capability. Edge computing use cases include the consumer desire for high-performance smartphone applications like high-definition multiplayer online battle arena (MOBA) games. Edge computing and the Internet of Things (IoT) offer attractive potential for edge computing architecture in developing nations like China, India, and Indonesia.

Since the storage and computing power of edge nodes is constrained, a well-equipped system is needed to connect the edge and the cloud. The barrier to the growth of the edge computing market will be the rise in network traffic from numerous nodes. Even when they are employing high bandwidth needs, many IT professionals still have the same problems.

Data centers and edge computing are now used more frequently due to the COVID-19 pandemic. Businesses across a wide range of industry sectors have scaled back their spending in upgrading servers and software to significantly reduce costs. Due to the ongoing focus on improving communications infrastructure, edge computing demand has increased since the COVID-19 outbreak and will continue to climb over the next years.

Global Edge Computing Market By Component

The Global Edge Computing market is segmented by Component into Hardware, Software and Services. The hardware segment held the largest market share in 2022 as it is becoming more and more popular in the managed services sector. The amount of data produced by IoT and IoT devices is rapidly growing along with their quantity. Enterprises are therefore implementing edge computing equipment to reduce the stress on the cloud and data centers to the volume of data generated.

Further subdivided into edge nodes/gateways (servers), sensors/routers, and others, the hardware market was dominated by the edge nodes/gateways (servers) segment. Additionally, the expansion of data centers in a variety of industries increases the demand for edge routers that connect local and wide-area networks (WAN).

Global Edge Computing Market By Application

The Global Edge Computing market is segmented by Application into IIoT, Remote Monitoring, AR/VR, Content Delivery and Others. Industrial Internet of Things (IIoT) segment held the largest market share in 2022, In the manufacturing sector, edge computing has a sizable installed base in the form of device edge. As services become more complex and the infrastructure edge is made more accessible, it is anticipated that demand for edge infrastructure will rise. Edge computing has been essential in helping businesses digitalize their facilities. Machine edge computing makes up a significant percentage of edge computing in the industrial sector. Demand for edge infrastructure that is set up to guarantee is expected to increase as system complexity increases and the edge of the infrastructure becomes more accessible.

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Global Edge Computing Market By End-User

The Global Edge Computing market is segmented by End-User into Manufacturing, Energy & Utility, Healthcare, Telecommunications, Retail and Others. Energy & utility segment held the largest market share in 2022, smart grids, which rely on device-edge infrastructure, are probably going to help the energy and utility sector's income grow.

Global attempts to increase the efficiency of electrical utility services, including the development of alternative renewable power sources like solar and wind, are being fueled by environmental sustainability programs. In order to capabilities and improve operating efficiencies, smart grids are being implemented all over the world.

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

3 Key Insights on US$ 20 Bn Opportunity in the Global Edge Computing Market: Ken Research

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Edge computing demand is anticipated to increase as a result of the rollout of 5G and rising demand for decentralized data processing capability, the Global Edge Computing Market is forecasted to reach nearly US$ 20 Bn by 2028 says Ken Research Study.

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 this high-demand market from its latest research study.

1. Growing demand for real-time, automated decision-making solutions and low-latency processing

For businesses adopting cloud infrastructure in the current business environment, lowering service access latency and data transmitted to the cloud are essential requirements. A data packet's latency in a computer network is the amount of time it takes to transit.

A higher data transfer rate results from lower latency. Many applications, such as content delivery, remote monitoring of oil and gas fields, and manufacturing facilities, are also delay-sensitive and demand real-time calculation. Through localized processing, edge computing lowers the latency of these applications and enables real-time calculation for quicker decision-making.  Edge computing also aids in boosting the performance of applications and the effectiveness of businesses by reducing operating costs. This is accomplished by getting rid of the expenses related to pointless transmission to and storage at centralized data centers or the cloud.

According to Ken Research estimates, the Global Edge Computing Market – valued at around US$ 3 Bn in 2017 and estimated to reach nearly US$ 8 Bn by 2022 – is expected to grow to around US$ 20 Mn opportunity by 2028.

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2. The Introduction of the 5G Network Is Propelling the Market Growth

Edge computing is projected to benefit greatly from the ongoing development of 5G networks and their progression. With the rollout of the 5G network, the number of linked devices is predicted to significantly expand. Additionally, it is anticipated that the connected devices and 5G networks would place a significant data burden on physical data centers, increasing the need for capacity and lowering latency. The market is therefore expected to experience significant development prospects as a result of all these reasons.

3. Initial infrastructure CAPEX is hampering the market growth

Businesses are progressively moving toward digitization by implementing cutting-edge technologies to streamline and speed up their operational procedures. Through localized processing, edge computing has the potential to lower data transport and storage costs, yet investing in edge infrastructure still increases businesses' CAPEX. Edge nodes, edge devices, and edge data centers would demand significant investment from businesses seeking comprehensive edge computing solutions.

Additionally, they would have to spend more money securing all of the network's devices. As a result, many content delivery companies are hesitant to move closer to the edge to achieve low-latency processing.

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

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