Edge Computing Market: Leading Regions and Market Trends
Regional Growth Analysis and Market Trends 2021-2025
The edge computing market will grow by $ 7.29 bn, fragmented at a CAGR of over 26.47% over the next five years. Our research report provides a detailed analysis of the market with insights on trends, drivers, and challenges that are likely to impact market growth. It also provides a competitive analysis of the key market players and their product portfolios.
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Edge Computing Market: North America to lead market growth during the forecast period
Edge Computing Market: Vendor Landscape
Some of the leading vendors in this market are Cisco Systems Inc., Dell Technologies Inc., Hewlett Packard Enterprise Co., Huawei Investment and Holding Co. Ltd., Intel Corp., International Business Machines Corp., Microsoft Corp., Nokia Corp., NVIDIA Corp., and Schneider Electric SE. The market is fragmented and the growth of the players in this market is dependent on several factors such as prevalent market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions.
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Market Segmentation by End-user
Edge Computing Market | The Growing Emphasis on Improving Efficiency of IT Infrastructure to Help Accelerate the CAGR by Over 32%
Technavio has been monitoring the Global Edge Computing Market and it is expected to grow by USD 9.14 billion accelerate at a CAGR of over 32% during the period 2020-2024. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking. Download latest version with COVID-19 analysis Free Sample Report
Edge Computing Market: Demand for Decentralized Computing to Drive Growth
Edge computing reduces the round-trip time from the device to the edge node and back to the device. As a result, vendors are increasingly providing edge computing solutions that can operate independently without the need for full-time internet access. This further allows users to reduce decision-making time for critical applications. The adoption of modern edge computing solutions is likely to surge as it offers the users to run the computation, data caching, synchronization, and machine learning analytics operations for all connected devices without needing internet connectivity.
Edge Computing Market: Vendor Analysis
The market is fragmented due to the presence of several players. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Cisco Systems Inc., Dell Technologies Inc., Hewlett Packard Enterprise Co., Huawei Investment & Holding Co. Ltd., Intel Corp., International Business Machines Corp., Microsoft Corp., Nokia Corp., NVIDIA Corp., and Schneider Electric SE are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments, they are also looking at new technologies which is giving rise to high performance computing (HPC) market.
Technavio offers custom research reports with detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will help clients keep up with new product launches in direct & indirect COVID-19 related markets. It will also provide insights on upcoming developments along with pipeline analysis of vendor operations and the impact of government regulations.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19 Download a Free Sample Report