About Edge Computing
Edge computing is a technology that improves cloud computing system by processing data at edge of network. The data is processed and stored locally before it is sent to a centralized storage center. It helps real time applications in processing and analyzing data collected by various interconnected sensors and devices at the edge of the network. Edge computing reduces latency and thus, offers quick response to the critical applications.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Billion) |
CAGR | 28.4% |
Most of the major IoT vendors have their own edge solution. Key players such as Microsoft and AWS make their profit by selling cloud services, so a well-integrated edge solution makes it easier to sell more cloud services. Microsoft’s edge offering is called Azure IoT Edge. It is free to use but it requires MS IoT Hub. Similarly, AWS's Greengrass pricing is dependent upon the number of devices that connect to AWS Cloud. and All the vendors are competing on features and functionality. Small players are most vu Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Edge Computing market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Nokia Networks [Finland], Huawei Technologies Co., Ltd. [China], Juniper Networks, Inc. [United States], Dell, Inc. [United States], Cisco Systems Inc. [United States], Hewlett Packard Enterprise Development LP [United States], SixSq Sàrl [Switzerland], FogHorn Systems [United States], Vasona Networks, Inc. [United States], MachineShop Inc. [United States], Saguna Networks Ltd. [Israel], Xiotech Corporation [United States], Aricent Inc. [United States] and ADLINK Technology Inc. [United States] are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Microsoft Corporation [United States], IBM Corporation [United States], Google Inc. [United States], Integrated Device Technology [United States], Alphabet Inc [United States], SAP SE [Germany], Mirror Image [United States], Carter Validus [United States] and Vapor IO [United States].
Segmentation Overview
AMA Research has segmented the market of Global Edge Computing market by , Application (Smart Cities, Location Services, Analytics, Environmental Monitoring, Optimized Local Content, Data Caching, Augmented Reality and Others (Asset Tracking and Video Surveillance)) and Region.
On the basis of geography, the market of Edge Computing 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). North America region held largest market share in the year 2023. If we see Market by Organization Size, the sub-segment i.e. SMEs will boost the Edge Computing market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Component, the sub-segment i.e. Hardware will boost the Edge Computing market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Verticals, the sub-segment i.e. Manufacturing will boost the Edge Computing market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Growing Adoption Across Industries and Rising Need for Faster Processing
Market Growth Drivers:
Rapid Adoption of IoT Application, Rising Application in Different Industries and Real-time or Near Real-Time Data Analysis
Challenges:
Complex Configuration and Issues Related With Interoperability
Restraints:
Security and Privacy Concerns and Limited Redundancy
Opportunities:
Deployment of 5G Technology and Rising Internet Penetration and Growing Digitization
Market Leaders and their expansionary development strategies
On September 15, 2023, Edge computing software company Cumulocity announced its acquisition of Ubidots, a Spanish IoT platform provider. This acquisition will broaden Cumulocity's global reach and enhance its IoT application development capabilities.
Edge computing services have security and privacy risk and they are subjected to data breach as well. Regulatory bodies such as General Data Protection Regulation (EU) and the Privacy Shield (USA) are keeping an eye. As per GDPR, Controllers of personal data must put in place appropriate technical and organisational measures to implement the data protection principles. Business processes that handle personal data must be designed and built with consideration of the principles and provide safeguards to prote
Analyst View
Edge computing has the potential to transform industries ranging from agriculture to industrial manufacturing and health care with its ability to offer real-time data analysis and insight from billions of devices in the field, says Microsoft Corp. Chief Technology Officer Kevin Scott.
Key Target Audience
Edge Computing Solution and Service Providers, System Integrator, Application Developers, Hardware Vendors, Consulting Firms, Research Organizations, Re-sellers and Distributors and Potential Investors
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.