Edge Infrastructure Market to Surpass USD 672.61 Billion by 2032 | Growing at 37.00% CAGR

Rapid adoption of 5G internet connectivity is expected to drive market expansion in the near future at a CAGR of 37.00% during the forecast period 2024 to 2032

Market Research Future (MRFR) has published a cooked research report on the “Global Edge Infrastructure Market” that contains information from 2019 to 2032. The edge infrastructure market is estimated to register a CAGR of 37.00% during the forecast period of 2024 to 2032.

MRFR recognizes the following companies as the key players in the global edge infrastructure market - ABB Ltd., Amazon Web Services (AWS), Inc., Hewlett Packard Enterprise Development LP, Cisco Systems Inc., SAP SE, Digi International Inc., Huawei Technologies Co. Ltd., IBM Corporation, General Electric Company, Intel Corporation, Microsoft Corporation, and Siemens AG.

Market Highlights

The global edge infrastructure market is accounted to register a CAGR of 37.00% during the forecast period and is estimated to reach USD 672.61 billion by 2032.

Low-latency computing, which enables real-time decision-making and improves performance, is becoming increasingly in demand and driving the global market. Artificial Intelligence (AI), the Internet of Things (IoT), and the quick spread of 5G internet access are examples of cutting-edge technologies that are rapidly gaining traction and can be blamed for this increase. In addition, market expansion is being driven by the notable rise in data-intensive applications in a variety of sectors, including retail, healthcare, and finance.

Segment Analysis

The global edge infrastructure market has been segmented into component, application, organization size and verticals.

On the basis of component, the market is segmented into Hardware, Software, and Services. The hardware segment was attributed to holding the largest market share in 2023. The increasing adoption of edge infrastructure solutions by organizations has led to a growing demand for specialized hardware capable of efficiently processing and managing data at the network edge. Real-time analytics and low-latency processing are two of the unique needs of edge infrastructure that are being met by hardware components now under development.

Based on application, the global edge infrastructure market has been segmented into Smart Cities, Industrial Internet of Things (IloT), Remote Monitoring, Content Delivery, Augmented Reality (AR) & Virtual Reality (VR), and Others. The Industrial Internet of Things (IloT) segment was expected to hold the largest market share in 2023, driven by the implementation of edge infrastructure by manufacturers due to Industry 4.0. Industries' data processing operations rely on data from multiple remote sensors, controllers, and servers that need to be properly analyzed in order to be useful for making decisions in real-time.

Based on organization size, the global edge infrastructure market has been segmented into Large Enterprises and SMEs. The large enterprises segment was expected to hold the largest market share in 2023. Large enterprises have a variety of needs, and edge infrastructure's scalability and customization flexibility fit the bill nicely. The digital transformation of this industry necessitates the incorporation of cutting-edge technology like real-time data analytics and the Internet of Things (IoT). The ability of edge infrastructure to handle data at the site of generation is ideal for the energy and utilities sectors, which require quick decisions and effective operations.

Based on verticals, the global edge infrastructure market has been segmented into Manufacturing, Energy & Utilities, Government and Defense, Telecommunications, Transportation & Logistics, Media & Entertainment, Retail & Consumer Goods, Healthcare & Life Sciences, and Other Verticals. The energy & utilities segment was expected to hold the largest market share in 2023. These businesses are progressively implementing edge infrastructure solutions to optimize data processing and boost operational efficiency because of their vast resources and intricate operational requirements.

Regional Analysis

The global edge infrastructure market, based on region, has been divided into North America, Europe, Asia-Pacific, and Rest of the World. North America consists of the US and Canada. The Europe edge infrastructure market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The edge infrastructure market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World edge infrastructure market comprises the Middle East, Africa, and Latin America.

The largest market share for edge infrastructure was maintained by the North American regional sector. In many industries, North America, a hub for technological innovation and digital transformation, is rapidly adopting edge infrastructure solutions. The increased need for edge infrastructure is a result of the region's focus on real-time data analytics, expanding IoT device deployment, and advanced IT infrastructure.

Moreover, the Europe market has been persistently growing over the forecast period due to the region's rising emphasis on expanding networking technology. Furthermore, the introduction of 5G network services, IIoT, Industry 4.0, and other technological advances have increased the amount of data generated by connected devices and necessitated the development of a strong computing infrastructure.

Additionally, Asia Pacific is anticipated to experience the quickest growth over the forecast period due to developing nations like China, India, Japan, South Korea, and China's rapid technology advancements, digitization, and proliferation of linked devices. Moreover, the presence of major telecom businesses and growing IT spending for edge infrastructure adoption encourage regional growth.

Furthermore, the rest of the world's edge infrastructure market is divided into the Middle East, Africa, and Latin America. The market for edge infrastructure is expected to grow significantly throughout the rest of the world due to the widespread adoption of IoT, which has resulted in a notable increase in data. The region's many industries—such as IT & Telecom, healthcare, retail, logistics & transportation, energy & utilities, etc.—are generating significant market potential.

Key Findings of the Study

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  The global edge infrastructure market is expected to reach USD 672.61 billion by 2032, at a CAGR of 37.00% during the forecast period.

  
  


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  The Asia-Pacific region accounted for the fastest-growing global market because of the quick development of technology in developing countries like China, India, Japan, and South Korea, as well as the digitalization and widespread use of linked gadgets.

  
  


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  Based on application, the Industrial Internet of Things (IloT) segment was attributed to holding the largest market in 2023, with an approximate market share of 40%.

  
  


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  ABB Ltd., Amazon Web Services (AWS), Inc., Hewlett Packard Enterprise Development LP, Cisco Systems Inc., SAP SE, Digi International Inc., Huawei Technologies Co. Ltd., IBM Corporation, General Electric Company, Intel Corporation, Microsoft Corporation, and Siemens AG are the key market players.