The global edge computing market is forecasted to reach USD 8.96Bn by 2023, expanding at CAGR of
32.6%. Edge computing brings data processing nearer to IoT sensors, to decrease latency and
improve efficiency. The internet of things are driven by huge volumes of data generated from
activities in our day-to-day lives. Collecting, sending, and processing the massive quantities of data
requires companies to act intelligently, quickly, and make better business decisions. Edge computing
is a network of data centers that store and process data locally before sending them or cloud. It
optimizes computing to avoid disruptions in sending and receiving data.
The Global Edge Computing Market is segmented on the basis of Application, End Use Industry and
Region. The global Edge Computing Market is further classified into applications and end users.
Based on applications, it is further sub-classified into smart cities, smart factories, connected
healthcare, connected vehicles, smart grids, and other. Other applications include edge computing in
gaming and e-commerce. Smart cities holds the most significant market share. The rising trend of
urbanization is expected to initiate smart city projects to resolve various urban problems using ICT as
a base. This will result in the increased application of edge computing in this domain.
Based on end users industries, edge computing networks will be used in the manufacturing sector,
energy and utility sector, IT and telecommunication, healthcare and life sciences, and consumer
appliances. The IT and telecommunication sector is expected to grab the most significant market
share and expand at the highest CAGR. Edge computing is expected to play an active role in LTE
networks and assets , as well as the 5G revolution.
By regions, the market is divided into North America, Europe, Asia Pacific, Latin America, and the
Middle East and Africa. North America would secure the highest demand. Edge computing is the
crucial factor in the IOT trend in this region. Asia-Pacific is expected to grow at the highest CAGR.
The region is expected to grow at a CAGR of 40.5%.
The Microsoft , IBM, Google players in the North America edge computing market are Cisco Systems,
Inc, Microsoft Corporation, IBM, Google, Amazon, SAP, Oracle, Huawei Technologies Co.Ltd, and
Intel.
Edge Computing Questions Answered in this Report:
1. What will the Edge Computing Market size be in 2023?
2. What are the Microsoft , IBM, Google factors driving the Global Edge Computing Market?
3. What are the challenges to market growth?
4. Who are the Microsoft , IBM, Google players in the Global Edge Computing Market?
5. What are the market opportunities and threats faced by the Edge Computing players?
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The report is a compilation of first-hand information, qualitative and quantitative assessment by
industry analysts, inputs from industry experts and industry participants across the value chain. The
report provides in-depth analysis of parent market trends, macro-economic indicators and governing