Edge Computing Market Growth, Size, Share, Price, Trends, Analysis, Report, Forecast 2023-2028

Photo of author
Written By admin

Lorem ipsum dolor sit amet consectetur pulvinar ligula augue quis venenatis. 

The new report by Expert Market Research titled, Global Edge Computing Market Growth, Share, Price, Trends, Analysis, Report and Forecast 2023-2028’, 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.

The key highlights of the report include:

Market Overview (2018-2028)

  • Historical Market Value (2020): USD1 billion.
  • Forecast CAGR (2023-2028): 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.

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

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.

Read More Reports:

Biofungicides Market- https://www.marketwatch.com/press-release/biofungicides-market-analysis-size-share-price-trends-growth-report-forecast-2023-2028-2023-02-14?mod=search_headline

Radiodermatitis Market- https://www.marketwatch.com/press-release/radiodermatitis-market-share-size-price-trends-growth-analysis-report-forecast-2023-2028-2023-02-16?mod=search_headline

Multi Cooker Market- https://www.marketwatch.com/press-release/multi-cooker-market-size-share-price-trends-growth-analysis-report-forecast-2023-2028-2023-02-16?mod=search_headline

Whiskey Market- https://www.marketwatch.com/press-release/whiskey-market-trends-size-share-price-growth-analysis-report-forecast-2023-2028-2023-02-16?mod=search_headline

About Us:

Expert Market Research (EMR) is leading market research company with clients across the globe. Through comprehensive data collection and skilful analysis and interpretation of data, the company offers its clients extensive, latest and actionable market intelligence which enables them to make informed and intelligent decisions and strengthen their position in the market. The clientele ranges from Fortune 1000 companies to small and medium scale enterprises.

EMR customises syndicated reports according to clients’ requirements and expectations. The company is active across over 15 prominent industry domains, including food and beverages, chemicals and materials, technology and media, consumer goods, packaging, agriculture, and pharmaceuticals, among others.

Over 3000 EMR consultants and more than 100 analysts work very hard to ensure that clients get only the most updated, relevant, accurate and actionable industry intelligence so that they may formulate informed, effective and intelligent business strategies and ensure their leadership in the market.

Media Contact

Company Name: Claight Corporation
Contact Person: Ana John, Business Consultant
Email: [email protected]
Toll Free Number: US +1-415-325-5166 | UK +44-702-402-5790
Address: 30 North Gould Street, Sheridan, WY 82801, USA
Website: https://www.expertmarketresearch.com

Leave a Comment