Edge Computing Market Drivers, Ongoing Trends, Challenges, Top Companies & Forecast 2024-2030
The Global Edge Computing Market size was valued at USD 50.5 billion in 2022 and is estimated to grow at a CAGR of around 30% during the forecast period, i.e., 2024-30.
Global Edge Computing Market Driver
Growth of 5G Networks Augmenting Edge Computing Industry –
Compared to earlier generations of mobile networks, 5G networks offer significantly faster data transfer rates, reduced latency, and improved network dependability. This makes data transfer between edge devices and centralized data centers more effective and seamless. The demand for edge computing solutions to handle and analyze the massive amounts of data created by IoT devices, smart sensors, and other connected devices at the edge of the network is rising as 5G becomes more widely used.
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What Does Our Research Report Consist of?
MarkNtel Advisors aims to provide stakeholders with accurately curated research report. Whether global, regional, or national, we focus on expanding geographies and areas of expertise to provide a clear picture of the market. Our recently published report on the “Edge Computing” is a comprehensive study of the industry, providing unbiased information and statistics. Every significant industry-related topic is covered in the study. By providing accurate data and statistics, it offers a comprehensive image and prognosis of the industry. The market analysis tracks all recent breakthroughs & developments made by current manufacturers or developers, focuses on potential end-users, and highlights any obstacles that might hinder the market’s growth.
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Period & Statistics:
Historical Period: 2019-22
Forecast Years: 2024-30
Understanding the Competitive Landscape:
As the market is characterized by the presence of numerous competitors that provide creative & profitable solutions supporting the sector’s development, we thoroughly assess all top and emerging competitors by considering market share, gain, sales, product/service portfolio, and other important elements.
- IBM Corporation
- Amazon Web Services
- Cisco Systems, Inc.
- Huawei Technologies Co. Limited
- ABB Group
- Intel Corporation
- Microsoft Corporation
- SAP SE
Let’s Travel to the Diverse Market Regions
Our qualified researchers & analysts use all their skills to provide a detailed picture of every region/nation, such as:
By Region
-North America
-South America
-Europe
-Middle East & Africa
-Asia-Pacific
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What are the Significant Edge Computing Market Segmentations?
We provide a fully-fledged assessment of each segment and its sub-segments to help our clients understand the Edge Computing . To assist our valued clients, we focus on discovering the primary drivers that are and would shape the industry’s expansion. Delve into to know about the fragmentations:
By Component
-Solution
-Hardware
-Sensors/Routers
-Edge Nodes/Gateways
-Software
-Platforms
-Services
By Application
-Connected Vehicles
-Smart Devices
-Remote Monitoring
-Industrial Internet of Things
-Augmented & Virtual Reality
-Smart Cities
-Content Delivery
-Others
By End Users
-Energy & Utilities
-Healthcare & Lifesciences
-Transportation & Logistics
-Manufacturing
-Retail & Consumer Goods
-IT & Telecom
-Government & Defense
-Others
By Organization Size
-Small
-Medium
-Large
Key Questions Addressed in the Edge Computing Market Research Report:
- What is the estimated size, share, and CAGR of the Edge Computing Market during the forecast period?
- What key trends are projected to impact the Edge Computing Market from 2024 to 30?
- Which segments and sub-segments are considered in the Edge Computing Market research study?
- Who are the key stakeholders and players in the Edge Computing Market ?
- What is the anticipated demand for different types of products/services in the Edge Computing Market through 2024-30?
About us –
MarkNtel Advisors is a leading market research company, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.
Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.
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