In a recently published report, Edge Computing Market report for till 2030. The report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U S Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analysis and U.S. Census Bureau mention the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) average exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilst imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Edge Computing Market products.
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Moreover, increase in ICT spending around the globe for hardware, software, services, new technologies and telecom among others is also anticipated to contribute to the growth of the market in the coming years. The spending on new technologies recorded around USD 0.6 million in 2018 and is further estimated to reach close to USD 1.3 million by 2023. The total ICT spending around the globe further recorded close to USD 5 million in 2019 and is further.
Global Edge Computing Market to reach USD 16.9 billion by 2025.Global Edge Computing Market valued approximately USD 1.5 billion in 2017 is anticipated to grow with a healthy growth rate of more than 35.40 % over the forecast period 2017-2025. The tremendous growth in data generated from multiple sources across different applications. Furthermore, the rise in real-time applications has contributed to the growth of edge computing market. Moreover, increasing load on cloud infrastructure has encouraged enterprises to adopt and implement edge computing solutions. The small and medium enterprises (SMEs) segment is expected to grow at a higher CAGR during the forecast period. SMEs have been majorly dependent on data centers to process and analyze their data. However, budget constraints have been a major obstacle for SMEs to adopt data center services.
Transferring and processing the data over the cloud increases the operational cost. Edge computing facilitates SMEs to collect, process, and store data at the edge of the network closer to the source. This further reduces the operational costs of managing and storing data for SMEs, thus encouraging SMEs to adopt edge computing solutions and services.
The regional analysis of Global Edge Computing Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is expected to hold the largest market share and dominate the edge computing market from 2018 to 2025. The region also has a high concentration of telecom and IT and manufacturing industries that largely contribute to the adoption of edge computing solutions and services. However, the APAC region is considered to provide high growth opportunities for edge computing vendors. This can be majorly attributed to the rapid technological development and government initiatives to promote digitization across industries with an objective to optimize resources and increase profitability in the developing countries.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study.
Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below:
By Technology:
*Mobile Edge Computing
*Fog Computing
*
By Organization Size:
*SMEs
*Large Enterprise
By Vertical:
*Manufacturing
*Energy and Utilities
*IT & Telecom
*Healthcare & Lifesciences
*Consumer Appliances
*Transportation & Logistics
By Regions:
*North America
o U.S.
o Canada
*Europe
o UK
o Germany
*Asia Pacific
o China
o India
o Japan
*Latin America
o Brazil
o Mexico
*Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2015, 2016
Base year – 2017
Forecast period – 2018 to 2025
The industry is seeming to be fairly competitive. Some of the leading market players include Aricent, Inc, Amazon Web Services, Inc., Cisco Systems, Inc., General Electric, Hewlett Packard Enterprise Development LP, Huawei Technologies Co., Ltd, IBM, Intel Corporation, Microsoft
SAP SE and so on. Acquisitions and effective mergers are some of the strategies adopted by the key manufacturers. New product launches and continuous technological innovations are the key strategies adopted by the major players.
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Target Audience of the Global Edge Computing Market in Market Study:
*Key Consulting Companies & Advisors
*Large, medium-sized, and small enterprises
*Venture capitalists
*Value-Added Resellers (VARs)
*Third-party knowledge providers
*Investment bankers
*Investors
TABLE OF CONTENTS
Chapter 1. Global Edge Computing Market Definition and Scope
1.1. Research Objective
1.2. Market Definition
1.3. Scope of The Study
1.4. Years Considered for The Study
1.5. Currency Conversion Rates
1.6. Report Limitation
Chapter 2. Research Methodology
2.1. Research Process
2.1.1. Data Mining
2.1.2. Analysis
2.1.3. Market Estimation
2.1.4. Validation
2.1.5. Publishing
2.2. Research Assumption
Chapter 3. Executive Summary
3.1. Global & Segmental Market Estimates & Forecasts, 2015-2025 (USD Billion)
3.2. Key Trends
Chapter 4. Global Edge Computing Market Dynamics
4.1. Growth Prospects
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.2. Industry Analysis
4.2.1. Porter’s 5 Force Model
4.2.2. PEST Analysis
4.2.3. Value Chain Analysis
4.3. Analyst Recommendation & Conclusion
Chapter 5. Global Edge Computing Market, By Technology
5.1. Market Snapshot
5.2. Market Performance – Potential Model
5.3. Global Edge Computing Market, Sub Segment Analysis
5.3.1. Mobile Edge Computing
5.3.1.1. Market estimates & forecasts, 2015-2025 (USD Billion)
5.3.1.2. Regional breakdown estimates & forecasts, 2015-2025 (USD Billion)
5.3.2. Fog Computing
5.3.2.1. Market estimates & forecasts, 2015-2025 (USD Billion)
5.3.2.2. Regional breakdown estimates & forecasts, 2015-2025 (USD Billion)
Chapter 6. Global Edge Computing Market, By Organization Size
6.1. Market Snapshot
6.2. Market Performance – Potential Model
6.3. Global Edge Computing Market, Sub Segment Analysis
6.3.1. SMEs
6.3.1.1. Market estimates & forecasts, 2015-2025 (USD Billion)
6.3.1.2. Regional breakdown estimates & forecasts, 2015-2025 (USD Billion)
6.3.2. Large Enterprise
6.3.2.1. Market estimates & forecasts, 2015-2025 (USD Billion)
6.3.2.2. Regional breakdown estimates & forecasts, 2015-2025 (USD Billion)
Chapter 7. Global Edge Computing Market, By Vertical
7.1. Market Snapshot
7.2. Market Performance – Potential Model
7.3. Global Edge Computing Market, Sub Segment Analysis
7.3.1. Manufacturing
7.3.1.1. Market estimates & forecasts, 2015-2025 (USD Billion)
7.3.1.2. Regional breakdown estimates & forecasts, 2015-2025 (USD Billion)
7.3.2. Energy & Utilities
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