According to the latest report by IMARC Group, titled "Edge Computing Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025," the global edge computing market is currently experiencing robust growth. Edge computing refers to a network of micro data centers that assist in reducing the number of processes running on the cloud by storing critical data closer to the source or end user
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3. Report DescriptionReport Description and Highlights
Global Edge Computing Market Overview:
According to the latest report by IMARC Group, titled "Edge Computing Market: Global
Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025," the global
edge computing market is currently experiencing robust growth. Edge computing refers to a
network of micro data centers that assist in reducing the number of processes running on the
cloud by storing critical data closer to the source or end user.
It is widely used to optimize cloud computing systems by minimizing network traffic and
communications bandwidth between cloud and user devices. It aids in data acquisition, mobile
signature analysis and data caching while decreasing latency and improving the overall
process efficiency. It is widely being deployed across organizations for enhancing their
production, performance as well as profits.
4. Report DescriptionReport Description and Highlights
Global Edge Computing Market Trends:
The market is primarily driven by the rapid growth of the Internet of Things (IoT) on the global
level. Edge computing solutions are widely integrated with IoT-enabled devices, which aids in
efficiently handing, processing and handling large volumes of data. These solutions also assist
in improving internet connectivity for receiving and delivering data via the cloud. This, along
with the escalating adoption of connected devices and the rising applications requiring real-
time computing, is providing a thrust to the market growth.
Moreover, the growing adoption of real-time and big data analytics is strengthening the
demand for edge computing. The market is further driven by the significant improvements in
network technologies, including 4G and 5G connections. The development of faster and
uninterrupted networks assists in supporting real-time applications, thereby creating a positive
outlook for the market. There has been a steady increase in the implementation of multi-
access edge computing (MEC) by telecom companies that is used for mitigating network
congestion and improving application performance. This, in confluence with the rising adoption
rates of edge computing by various organizations to reduce the costs associated with an
extensive cloud computing architecture, is providing an impetus to the market growth. In
addition to this, the widespread adoption of the remote working model by various enterprises
on account of the rapid outbreak of the coronavirus disease (COVID-19) is acting as another
major growth-inducing factor. These computing solutions are extensively being utilized for
enhancing the network performance of streaming services amid the rising trend of work-from-
home culture across the globe. Looking forward, the market is anticipated to witness strong
growth during 2020-2025.
5. Report DescriptionReport Description and Highlights
Global Edge Computing Market Segmentation:
Breakup by Component Type:
• Hardware
• Software
• Services
On the basis of the component, the market has been divided into hardware, software and
services.
Breakup by Organization Size:
• Small and Medium-sized Enterprises (SMEs)
• Large Enterprises
Based on the organization size, the market has been bifurcated into small and medium-sized
enterprises (SMEs) and large enterprises.
6. Report Description
Report Description and Highlights
Breakup by Vertical:
• Manufacturing
• Energy and Utilities
• Government and Defens
• BFSI
• Telecommunication
• Media and Entertainment
• Retail and Consumer Goods
• Transportation and Logistics
• Healthcare and Life Sciences
• Others
On the basis of the vertical, the market has been classified into manufacturing, energy and
utilities, government and defense, BFSI, telecommunications, media and entertainment, retail
and consumer goods, transportation and logistics, healthcare and life sciences, and others.
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7. Report DescriptionReport Description and Highlights
Breakup By Region:
• North America
• Europe
• Asia Pacific
• Middle East and Africa
• Latin America
On the geographical front, the market has been segregated into North America (the United
States and Canada), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia and
others), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia and others), Latin
America (Brazil, Mexico and others), and Middle East and Africa
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8. Report Description
Report Description and Highlights
Competitive Landscape:
The competitive landscape of the market has been examined in the report with the detailed
profiles of the key players. Some of these players include ABB Ltd., Amazon Web Services
(AWS), Inc.,
Cisco Systems Inc., Digi International Inc., General Electric Company, Hewlett Packard
Enterprise Development LP, Huawei Technologies Co. Ltd., IBM Corporation, Intel
Corporation, Microsoft Corporation, SAP SE, and Siemens AG.
Some of the key players:
• ABB Ltd.,
• Product Portfolio.,
• Amazon Web Services (AWS) Inc.,
• Cisco Systems Inc.,
• General Electric Company.,
• Hewlett Packard Enterprise Development LP.,
• Huawei Technologies Co. Ltd.,
• IBM Corporation.,
• Intel Corporation.,
• Microsoft Corporation.,
9. Report Description
Report Description and Highlights
• SAP SE.,
• Siemens AG.,
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Partial List of Clients
11. A partial List of our Clients
We are the trusted business partners to the
world's leading corporates, governments, and
institutions
Partial List of Clients