Edge Computing Market Size, Share, Price, Trends, Growth, Analysis, Key Players, Outlook

Edge Computing Market Is Expected To Grow At CAGR Of 24.48% In The Forecast Period Of 2021-2026

The new report by Expert Market Research titled, ‘‘Global Edge Computing Market Size” Report and Forecast 2021-2026’, gives an in-depth analysis of the global edge computing market, assessing the market based on its segments like component, end use, and major regions like North America, Europe, Asia Pacific, Latin America, Middle East and Africa. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.

Note 1: For a snapshot of the primary and secondary data of the market (2016-2026), along with business strategies and detailed market segmentation, please click on the request sample report. The sample report shall be delivered to you within 24 hours.

Get a Free Sample Report with Table of Contents: https://www.expertmarketresearch.com/reports/edge-computing-market/requestsample

The key highlights of the report include:

Market Overview (2021-2026)

  • Historical Market Value (2020): USD1 billion.
  • Forecast CAGR (2021-2026): 48 %
  • Forecast Market Value (2026): USD6 billion.

The introduction of self-driving cars and connected automobile networks, as well as the requirement for lightweight frameworks and applications to improve the efficiency of edge computing solutions, are likely to open up new prospects for edge computing vendors.

Industry Definition and Major Segments

Edge computing is a distributed computing approach that brings data storage and computation closer to the point of use in order to enhance response times and conserve bandwidth. The edge computing market is separated into segments such as components and end-user.

Explore full report with table of contents: https://www.expertmarketresearch.com/reports/edge-computing-market

Based on component, the market is bifurcated into:

  • Hardware
  • Software
  • Services
  • Edge-Managed Platforms

Based on end uses, the market is divided into:

  • Manufacturing
  • Government and Defence
  • Healthcare
  • Transportation and Logistics
  • Retail and Consumer Goods
  • Telecom and IT
  • Others

The regional markets for global edge computing market:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Market Trends

Edge computing market growth is being driven by factors such as increased Internet of Things (IoT) adoption across industries, increased demand for low latency processing and real-time, automated decision-making solutions, and the need to overcome exponentially growing data volumes and network traffic. Edge computing assists real-time applications in analysing and processing collected data, which is also one of the primary drivers of expanding industrial demand. The introduction of the 5 G Network, as well as a plethora of IoT solution frameworks and languages, are likely to bring considerable industry growth prospects in the future years. However, the increased local hardware and greater maintenance costs are projected to limit the growth of the edge computing market.

Key Market Players

The major players in the market are Amazon.com Inc. (NASDAQ: AMZN), Altran Technologies SA Inc, Cisco Systems Inc, Hewlett Packard Enterprise Co, Huawei Technologies Co. Ltd, International Business Machines Corporation, Microsoft Corporation, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments, mergers and acquisitions, among other latest developments of these market players.

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Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.

About Us:

Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.

At Expert Market Research, we tailor our approach according to our clients’ needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.

Determined to bring client satisfaction, we make sure that our tailored approach meets the client’s unique market intelligence requirements. Our syndicated and customized research reports cover a wide spectrum of industries ranging from pharmaceuticals and food and beverage to packaging, logistics, and transportation.

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**We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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