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Edge Computing Market Size By Component (Hardware [Nodes, Sensors], Software, Service [Training and Education, Support & Maintenance]), By Application (Industrial IoT, Remote Monitoring, Content Delivery, AR/VR), By Enterprise Size (SMEs, Large Enterprises), By Industry Vertical (IT & Telecom, BFSI, Retail, Government, Utility, Manufacturing, Healthcare), COVID-19 Impact Analysis, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2022 – 2030

  • Report ID: GMI5275
  • Published Date: May 2022
  • Report Format: PDF

Industry Trends

Edge Computing Market size surpassed USD 7 billion in 2021 and is estimated to grow at over 25% CAGR between 2022 and 2030. The market growth is attributed to a growing demand for monitoring IoT devices in real-time to bring enterprise applications closer to the data sources.
 

Edge Computing Market

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The edge computing network can help companies in managing extensive mobile devices with location-based access control. The remote infrastructure administration capabilities of edge computing are expected to support the market expansion. Market players are developing advanced & integrated IoT solutions for their customers.
 

During the COVID-19 pandemic, many computing solution providers have shifted their spending to fulfill the growing internet traffic. On recovering from the COVID-19 outbreak, companies have started investing in edge computing hardware & solutions, resulting in a positive impact on the edge computing industry.
 

Edge computing hardware to dominate Canada market share

Edge computing hardware held a Canada market share of 50% in 2021, due to the increasing usage of IoT and IIoT sensors & components across different end-user applications. To cope with the amount of data generated, edge computing hardware is used to minimize the burden on cloud & data centers.
 

This hardware is compact, has sufficient storage, and allows real-time data processing with better connectivity & power range. The edge computing hardware is gaining more popularity due to the real-time processing that enhances quick decision-making capabilities.
 

AR/VR application will grow exponentially in the UK market

UK Edge Computing Market Size By Application

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In the UK edge computing market, the AR/VR application segment is expected to register 24% growth rate during the forecast period. Growing digitalization across different industry sectors including entertainment & media, gaming, and healthcare is driving the AR/VR segment growth.
 

Edge computing provides high-end VR and AR experiences by utilizing edge computing capabilities. It allows low latency with high-end graphical performance. To avail the benefits of edge computing for the advancement of AR/VR, several industry players are emphasizing on the innovation of different edge-based applications.
 

Growing penetration of public cloud services across large enterprises in China

Large enterprises dominated around 80% China market share in 2021, owing to the growing penetration of public cloud computing services in large enterprises. The market demand for low latency and reliable data access across enterprises is another factor aiding the development of a robust edge infrastructure.
 

The use of edge computing solutions provides enterprises with significant cost and performance benefits. Companies operating in the market collaborate to develop advanced network monitoring solutions for large enterprises.
 

In India, growing connected medical devices are boosting the edge computing market demand

India Edge Computing Market Share By Industry Vertical

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The healthcare sector in Indian market will observe growth of more than 35% through 2030, attributed to an extensive penetration of connected medical devices and the growing market demand for effective network management of IoT devices.
 

With the expansive adoption of medical devices, the need to ensure efficient medical service delivery is enabling the demand for edge computing components. Several healthcare enterprises are focusing on improving security and enhancing operational efficiency by leveraging advanced edge computing solutions.
 

Growing technological advancement will propel the North American market revenue

North America Edge Computing Market Size By Country

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The North America edge computing market is poised to generate a revenue of over USD 15 billion by 2030. The presence of software giants, such as AWS, Google, IBM Corporation & Microsoft, and an increasing number of IoT & intelligent applications are accelerating the market growth across the region.
 

North America, one of the early adopters of edge computing technology, has numerous edge computing vendors, ranging from multinational companies to regional start-ups. The major factor driving the demand for cloud solutions is the increasing investments in digital infrastructure by technological giants, such as Google & Facebook, along with start-ups. Facebook is actively focusing on Merger & Acquisition (M&A) activities and collaborating with AI-based start-ups to acquire talent & technical expertise.
 

Strategic alliances among companies to stay competitive in the industry

Some of the key players operating in the market are ADLINK Technologies, Inc., Amazon Web Services, Inc. (Amazon.com, Inc.), Cisco Systems, Inc., ClearBlade, Inc., Cloudera, Inc., Dell Technologies, Inc., Google, LLC, Hitachi Vantara Corporation (Hitachi, Ltd.), Hewlett Packard Enterprise Company, Huawei Technologies Co., Ltd., IBM Corporation, Intel Corporation, Microsoft Corporation, Nutanix, Inc., Oracle Corporation, Redis Labs Inc., Saguna Networks, Ltd., SAP SE, and Siemens AG. Companies operating in the edge computing industry are emphasizing on strategic partnerships for the development of innovative edge computing solutions.
 

The edge computing market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2018 to 2030 for the following segments:

Market, By Component

  • Hardware
    • Nodes
    • Sensors
    • Others
  • Software
  • Service
    • Training and Education
    • Support & Maintenance

Market, By Application

  • Industrial IoT
  • Remote Monitoring
  • Content Delivery
  • AR/VR
  • Others

Market, By Enterprise Size

  • Large Enterprises
  • SMEs

Market, By Industry Vertical

  • IT & Telecom
  • BFSI
  • Government
  • Healthcare
  • Retail
  • Manufacturing
  • Utility
  • Others

The above information has been provided for the following regions and countries:

  • North America
    • U.S.
    • Canada
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Spain
    • Netherlands
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Australia & New Zealand
  • Latin America
    • Brazil
    • Mexico
    • Argentina
  • MEA
    • UAE
    • South Africa
    • Saudi Arabia

 

Authors: Preeti Wadhwani, Smriti Loomba

Frequently Asked Questions (FAQ) :

The global market size of edge computing surpassed USD 7 billion in 2021 and is anticipated to record more than 25% CAGR between 2022 and 2030.

Edge computing hardware captured over 50% of Canada industry share in 2021 because of the growing usage of IIoT and IoT sensors & components across different end-user industries.

The UK market size from AR/VR applications will register more than 25% CAGR through 2030 as sectors, including gaming, entertainment & media, and healthcare are undergoing process digitization.

Amazon Web Services, Inc. (Amazon.com, Inc.), ADLINK Technologies, Inc., ClearBlade, Inc., Cisco Systems, Inc., Dell Technologies, Inc., Cloudera, Inc., Google, LLC, and Intel Corporation, among numerous others, are the leading providers of high-end edge computing solutions.

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Premium Report Details

  • Base Year: 2021
  • Companies covered: 19
  • Tables & Figures: 444
  • Countries covered: 19
  • Pages: 367

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