Edge Computing Market Soars to US $85.96 Billion by 2029, Registering a CAGR of 38.2%
As of the most recent Edge Computing Market update, the global economic landscape reflects a dynamic interplay of various factors. Major financial markets continue to navigate the aftermath of the unprecedented events that unfolded in recent years, such as the global pandemic and geopolitical shifts. Equities have demonstrated resilience amid ongoing uncertainties, propelled by technological advancements, innovation, and accommodative monetary policies. However, challenges persist, including inflationary pressures, supply chain disruptions, and regulatory changes in various sectors. Investors are closely monitoring central bank decisions, fiscal policies, and emerging trends to assess potential opportunities and risks. The market’s response to evolving conditions underscores the importance of adaptability and strategic planning for both businesses and investors in this complex and ever-changing environment.
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The global edge computing market witnessed remarkable growth, reaching a value of US $8.93 billion in 2022, with projections soaring to US $85.96 billion by 2029 at a robust CAGR of 38.2%. This report offers a comprehensive analysis of the edge computing market, encompassing market dynamics, COVID-19 impacts, drivers, restraints, segmentation, regional insights, and more.
The report employs a rigorous research methodology, incorporating primary and secondary sources to provide accurate insights into the edge computing market. Extensive data analysis is conducted to present reliable forecasts and trends.
- Rising IoT Adoption: Organizations across industries are increasingly embracing IoT technologies, necessitating the adoption of edge computing solutions to address latency and cost concerns associated with centralized cloud computing.
- Operational Efficiency: Edge computing enables faster decision-making by processing data closer to its source, driving efficiency in various sectors such as manufacturing and energy.
- Initial CAPEX Requirements: While edge computing reduces data transmission costs, the initial investment in infrastructure, including edge nodes and data centers, adds to companies’ capital expenditures.
- Content Delivery Challenges: Some companies hesitate to migrate to edge computing solely for low-latency processing due to concerns over infrastructure costs and network security.
- Application: The smart city segment dominated the market in 2022, with manufacturers leveraging edge computing to digitize facilities and enhance service complexity.
- Verticals: The energy and utility segment held a significant share in 2022, driven by the deployment of device edge infrastructure to support initiatives for environmental sustainability and smart grids.
Optimized Local Content
by Organization Size
Small & Medium Enterprises
Media & Entertainment
Telecom & IT
Government & Public
Energy & Utilities
- North America: Held the largest market share in 2022, driven by the convergence of edge computing and Industrial Internet of Things (IIoT), fostering the development of edge-enabled solutions among manufacturers.
Market Key Players
2. Vasona Networks
3. Foghorn Systems
4. Cisco Systems
7. Nokia Networks
9. Saguna Networks
12.Juniper Networks, Inc.
13.Hewlett Packard Enterprise Development LP
14.SixSq Sàrl (Switzerland), FogHorn Systems
16.Vapor IO (US)
21.Cisco Systems Inc.
23.Hewlett Packard Enterprise Company
25.Schneider Electric SE
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Key questions answered in the Edge Computing Market report include:
What is Edge Computing?
What factors drive Edge Computing Market growth?
What are the main challenges for Edge Computing Market growth?
What was the Edge Computing market size in 2023?
Which trends are expected to contribute to Edge Computing market growth?
What recent industry trends can generate additional revenue streams for the Edge Computing Market?
What growth strategies are players considering to increase their foothold in the Edge Computing Market?
Who held the largest market share in the Edge Computing Market?
Past Market Size and Competitive Landscape (2021 to 2023)
Past Pricing and price curve by region (2021 to 2023)
Market Size, Share, Size & Forecast by different segment | 2023−2029
Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation – A detailed analysis by segment with their sub-segments and Region
Competitive Landscape – Profiles of selected key players by region from a strategic perspective
Competitive landscape – Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
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