What is 5G Edge Cloud Network and Services Market?
5G and edge computing are two integrated and fairly coupled technologies. they're each poised to considerably improve the performance of applications and alter vast amounts of knowledge to be processed in a period of time. The high demand for advanced 5G applications and the Internet of Things (IoT), among different technical enhancements, are calculable to propel the demand for 5G edge cloud network and services
Highlights from 5G Edge Cloud Network and Services Market Study
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Nokia (Finland), Hewlett Packard Enterprise Development LP (United States), Huawei Technologies Co., Ltd. (China), Cisco (United States), Dell Inc. (United States), IBM (United States), Amazon Web Services, Inc. (United States), FogHorn Systems (United States), Capgemini Engineering (France), Axellio (United States) and GE Digital (United States) |
Nokia (Finland), Hewlett Packard Enterprise Development LP (United States), Huawei Technologies Co., Ltd. (China), Cisco (United States), Dell Inc. (United States), IBM (United States), Amazon Web Services, Inc. (United States), FogHorn Systems (United States), Capgemini Engineering (France), Axellio (United States) and GE Digital (United States) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are SixSq Sàrl (Switzerland), Gardner Business Media, Inc. (United States), SAGUNA (Israel), Vapor IO (United States) and ADLINK (Taiwan). 5G Edge Cloud Network and Services Market Segmentation:
Scope | Sub-Segments |
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Type | Hardware, Software, Services and Others |
Enterprise Size | Small and Medium Enterprise,Large Enterprise |
Industry Vertical | Manufacturing,Energy and Power,Government and Defense,Telecommunications,Media and Entertainment,Healthcare and Life Sciences,Others |
On the basis of geography, the market of 5G Edge Cloud Network and Services has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Integration of Artificial Intelligence with Cloud Infrastructural Activities and Mergers with 5G service and Cloud Service Leaders in order to Command World Wide Service Channels
Market Growth Drivers:
Growing Awareness and Adoption of IoT across Industries for Data Handling and Management
Challenges:
Susceptibility of Edge Computing Architecture to Cyberattacks in addition to Vulnerable Edge Notes and IoT Devices
Restraints:
High Edge Infrastructure Costs involved in Frameworks, Infrastructure Building, and Cloud Services.
Opportunities:
Light Weighted FrameWorks with Systems to enhance Efficiency of Edge Computing Solutions
Key Target Audience
5G Edge Cloud Network and Service Provider, Data Consultancy Firms, Manufacturing Industries, IoT Research Institutes, Telecom Firms and Others
Market Leaders & Development Strategies
In 2020, Capgemini Engineering completed its acquisition of Paris-based engineering consulting firm Altran Technologies which is supposed to complement Capgemini’s ER&D capabilities. This will help them expand as Cloud, data, engineering and research & development, 5G, and edge computing are the major technology focus areas globally.
In Oct. 2020, Verizon business has disclosed that it's collaborating with Cisco to supply 5g sports stadium solutions to supply a ‘safer in-person experience’ throughout sporting and amusement events. As a result, the solution can integrate with Cisco innovations like the firm’s DNA areas to control secure location analytic.