Market for Edge Computing set to Surpass a Valuation of USD 168.6 Billion by 2030

Market Research Future Published a Cooked Research Report on Global Edge Computing Market Research Report.

As per a new study conducted by Market Research Future (MRFR), the global edge computing market is set to capture a CAGR of 24.51% during the forecast period (2022-2030). The market growth is attributable to a combination of factors such as advances in computing technology, internet of things (IoT) boom and development of robust internet infrastructure. Factors such as the proliferation of IoT and increased concerns over data security are expected to play an important role in shaping the dynamics of global edge computing market during the assessment period. Moreover, rapid adoption of advanced technologies such as data analytic tools and fog computing is also reflecting favourably on the market. However, edge computing remains vulnerable to cyber malignancy, which acts as a formidable challenge for developers and users. This continues to be a major impediment for the market.

Edge computing has high potential to embrace automation in the near future. The introduction of high-speed networks such as LTE and 5G network is enabling a better and swifter integration of edge computing. The arrival of 5G connectivity has led to development of smarter computing tools. For businesses and enterprises, such technological developments are facilitating more efficient utilization of edge computing. At the same time, the increase in the volume of data to be transferred from one point to another is entailing faster data processing in real time, this in turn is likely to create opportunties for edge computing during the forecast period.

Global Market for Edge Computing: Segmental Analysis

MRFR’s report offers a detailed segmental analysis of the market based on technology, deployment, component, end-user, applications, and region. By technology, the market is segmented into mobile edge computing, fog computing. Fog computing is expected to hold the largest market share during the forecast period. By deployment, the market is segmented into on-premises and on-cloud. The on-cloud segment is expected to dominate the market during the forecast period. By component, the market has been segmented into hardware and software.  Among these, the hardware segment currently holds the pole position and is likely to witness a healthy growth over the next couple of years. By end user, the market is sub-segmented into surveillance, automotive, gaming, and media, healthcare and education. The surveillance segment held the dominant market share in 2022. Meanwhile, the automotive segment is expected to exhibit the highest rate during the forecast period. By application, the market has been segmented into IoT, data caching, analytics, and environment monitoring. The IoT segment is expected to retain its top position over 2030, reflecting a CAGR of 24.51%.

Regional Outlook

By region, the global edge computing market has been segmented into North America, Europe, Asia Pacific, and the rest of the world. North America currently accounts for the largest market share and the trend is likely to continue throughout the review period. This growth is attributable to high adoption of different technologies in the region. Meanwhile, the market in Asia Pacific is expected to register the fastest growth during the forecast period. This is attributable to the rapid development in automotive, gaming, telecommunication and media industries.

Global Market for Edge Computing: Competitive Dashboard

Some of the top companies operating in the market include, Amazon (U.S.), General Electric (U.S.), Microsoft Incorporation (U.S.), Intel Corporation (U.S.), SAP SE (Germany), Alphabet Inc. (U.S.), Aricent (U.S.), IBM Corporation (U.S.), Huawei Technologies (China), and  Integrated Device Technology (U.S.).