Home > Electronics & Media > Edge Computing Market

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
  • Base Year: 2021
  • Report Format: PDF

Industry Trends

Edge Computing Market size surpassed USD 7 billion in 2021 and is estimated to grow at over 25% CAGR from 2022 to 2030.
 

Edge Computing Market

Get more details on this report - Request Free Sample PDF
 

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 along with remote infrastructure administration capabilities of edge computing. Companies operating in the market 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 global outbreak, companies have started investing in edge computing hardware & solutions, resulting in a positive impact on the edge computing industry.
 

Edge computing hardware dominated the Canada market revenue

In Canada, edge computing hardware captured more than 50% of the revenue share 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. This hardware component is gaining more popularity owing to the real-time processing that enhances quick decision-making capabilities.
 

In the UK, AR/VR application to observe exponential growth

UK Edge Computing Market Size By Application

Get more details on this report - Request Free Sample PDF
 

The AR/VR application in the UK is anticipated to witness around 25% gains through 2030. Growing digitalization across different sectors including entertainment & media, gaming, and healthcare is fueling the AR/VR share in edge computing market. 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 solutions.
 

Growing penetration of public cloud services across large enterprises in China

Large enterprises in China held about 80% of the edge computing market share in 2021 driven by the growing penetration of public cloud computing services in large enterprises. The demand for low latency and reliable data access across enterprises is another factor aiding the development of a robust edge infrastructure. Market players collaborate to develop advanced network monitoring solutions for large enterprises.
 

Growing adoption of connected medical devices in India  

India Edge Computing Market Share By Industry Vertical

Get more details on this report - Request Free Sample PDF
 

The healthcare industry in India is poised to register nearly 35% growth between 2022 and 2030 compelled by an extensive penetration of connected medical devices and the growing demand for effective network management of IoT devices. With the extensive acceptance of medical devices, the need to ensure efficient medical service delivery is enabling the usage of edge computing components. Several healthcare enterprises are focusing on improving security and enhancing operational efficiency by leveraging advanced edge computing solutions.
 

Growing technological advancement in North America

North America Edge Computing Market Size By Country

Get more details on this report - Request Free Sample PDF
 

North America edge computing market size is projected to account for approximately 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 regional growth. 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 players to stay competitive

Industry participants are emphasizing on strategic partnerships for the development of innovative edge computing solutions. For instance, in March 2022, AWS and VMware collaborated to develop new edge computing & 5G solutions. The companies are focused on working & optimizing network traffic, operations & automation, and providing a superior end-user experience.
 

Some of the key edge computing market players 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.
 

The market research report on edge computing 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 market size of edge computing crossed 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 U.K. edge computing 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.

Buy Now

Access to only 1 person; cannot be shared; cannot be printed
Access for 2 to 5 users only within same department of one company
Access to a company wide audience; includes subsidiary companies or other companies within a group of companies
Immediate Delivery Available

Premium Report Details

  • Published Date: May 2022
  • Companies covered: 19
  • Tables & Figures: 444
  • Countries covered: 19
  • Pages: 367

Get a report that explains COVID-19 impact on this market

 Request Free Sample

Budget constraints? Get in touch with us for special pricing

Request Discount