Distributed Edge Cloud Market to Reach at USD 6.380 Billion by the end of 2032 | MRFR

Expanding use of edge computing to facilitate advanced technologies like virtual reality (VR), artificial intelligence (AI), and the Internet of Things (IoT) is expected to drive market expansion in the near future at a CAGR of 22.00% during the forecast period 2024 to 2032

Market Research Future (MRFR) has published a cooked research report on the “Global Distributed Edge Cloud Market” that contains information from 2019 to 2032. The distributed edge cloud market is estimated to register a CAGR of 22.00% during the forecast period of 2024 to 2032.

MRFR recognizes the following companies as the key players in the global distributed edge cloud market - Fujitsu, Microsoft, IBM, Cisco, Dell, HPE, Huawei, Nokia, Amazon, Gigabyte Technology, GE, Lenovo, ADLINK, Advantech, and Atos.

Distributed Edge Cloud Market Highlights

The global distributed edge cloud market is accounted to register a CAGR of 22.00% during the forecast period and is estimated to reach USD 6.380 billion by 2032.

The growing use of edge computing to enable cutting-edge technologies like VR, AI, and the Internet of Things (IoT) is a significant trend propelling the market. By processing data closer to the source, edge computing offers lower latency and quicker response time. Growing demand across various industries for data-intensive applications and services is another trend propelling the distributed edge cloud market. Moreover, the distributed edge cloud market is expanding due to the advent of 5G technology. Edge computing skills are becoming more and more necessary to support new applications like linked devices, autonomous vehicles, and smart cities, which are made possible by the high speed and low latency of 5G networks.

Segment Analysis

The global distributed edge cloud market has been segmented into service, enterprise size, and end-use.

On the basis of service, the market is segmented into data security, data storage, networking, and others. The data storage segment was attributed to holding the largest market share in 2023. The distributed edge cloud places data closer to end users and expedites transfer times by dispersing user data around a network, hence reducing network congestion and the risk of data loss. Because distributed edge clouds do not require centralized data centers or energy-intensive server cooling systems, they are also a greener storage option. It is, therefore, expected that these characteristics of distributed edge clouds will contribute to the explanation of why they will grow in popularity as a data storage solution over the next several years.

Based on enterprise size, the global distributed edge cloud market has been segmented into SMEs and large enterprises. The large enterprises segment was expected to hold the largest market share in 2023. Major companies in the industry are experiencing tremendous expansion driven by proactive product innovation amongst tech corporations. Innovative distributed edge cloud solutions are created through these partnerships by merging the capabilities of several businesses.

Based on end-use, the global distributed edge cloud market has been segmented into BFSI, Healthcare, Retail & E-Commerce, Manufacturing, Energy & Utilities, Media & Entertainment, IT & Telecom, Government & Defense, and Others. The BFSI segment was expected to hold the largest market share in 2023, driven by a number of important factors, such as the necessity for low-latency access to the financial data for real-time transactions, scalability to handle changing workloads and customer demands, improved disaster recovery capabilities, and strict regulatory requirements demanding data residency & security. The BFSI industry now has the agility and compliance needed to successfully navigate the changing landscape of digital financial services due to distributed edge cloud technologies.

Regional Analysis

The global distributed edge cloud 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-distributed edge cloud market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The distributed edge cloud 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 distributed edge cloud market comprises the Middle East, Africa, and Latin America.

The largest market share for distributed edge cloud was maintained by the North American regional sector because of the region's massive efforts for digital transformation. This shift affects a number of industries, encouraging the use of dispersed cloud solutions to update IT infrastructure and integrate new technology. In addition, the need for distributed edge cloud architectures is being driven by the spread of loT devices and the growing uptake of edge computing.

Moreover, the European market has been persistently growing over the forecast period, driven by a greater inclination to embrace new technologies, a strong IT infrastructure, and the existence of multiple cloud computing providers. Additionally, the requirement for greater data protection and storage, important player presence, and digitization have all contributed to the growth of distributed edge cloud services in Europe.

Additionally, Asia Pacific is anticipated to experience the quickest growth over the forecast period because many SMEs in the region are using distributed edge clouds to expand their digital infrastructure in developing nations like Singapore and India at a lower cost. Additionally, the market is growing due to the increasing need for digital transformation and the adoption of different tactics, with significant investments made by regional firms in distributed edge cloud solutions and cloud computing.

Furthermore, the rest of the world's distributed edge cloud market is divided into the Middle East, Africa, and Latin America. A number of factors, including the rise in digitization and the adoption of distributed edge cloud solutions by industries like manufacturing, BFSI, and governments, are responsible for the market's growth in the rest of the world. Furthermore, the existence of major companies offers plenty of room for market expansion.

Key Findings of the Study

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  The global distributed edge cloud market is expected to reach USD 6.380 billion by 2032, at a CAGR of 22.00% during the forecast period.

  
  


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  The Asia-Pacific region accounted for the fastest-growing global market because a large number of SMEs in the area are expanding their digital infrastructure in developing countries like Singapore and India at a reduced cost by deploying distributed edge clouds.

  
  


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  Based on service, the data storage segment was attributed to holding the largest market in 2023, with an approximate market share of 45%.

  
  


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  Fujitsu, Microsoft, IBM, Cisco, Dell, HPE, Huawei, Nokia, Amazon, Gigabyte Technology, GE, Lenovo, ADLINK, Advantech, and Atos are the key market players.