Global Edge Computing Market Current Scenario And Future Growth Analysis By 2025
The global edge computing market size is expected to reach USD 28.84 billion by 2025 registering a CAGR of 54.0%, according to a new report by Radiant Insights, Inc. Growing need to process large volumes of data being generated from the rise in Internet-of-Things (IoT) developments closer to the end user is expected to increase the demand for these solutions over the forecast period. Increasing emphasis on cost reduction and process automation coupled with intensified business competition is also expected to drive the market in the coming years. Organizations are endorsing this technology to enhance operations and gain real-time insights. Thus, the continued transition toward the adoption of edge computing is expected to influence the IT strategies of key companies over the forecast period.
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Continued adoption of this technology for the data center application is also expected to propel the market growth. Its adoption is also expected to culminate in having micro data centers located closer to the existing infrastructure, which would help address the latency issues. Data Center Management-as-a-Service (DMaaS) is emerging as a low-cost way for data center management as it ensures effective use of the IT layer by monitoring data center’s infrastructure from the edge. DMaaS can also be utilized as a cost-efficient and flexible solution for companies willing to gain real-time insights. Stringent requirements of 5G standards, such as high reliability, ultra-low latency, and consistency in user experience, is expected to trigger the need for localized services based on Radio Access Networks (RAN).
As such, Mobile Edge Computing (MEC) is emerging as a promising computing architecture for telecom operators, IT platform providers, and system integrators. MEC adds virtualization and computing capabilities to a RAN. Prominent companies in the market include Microsoft Corp.; International Business Machines (IBM) Corp.; Cisco Systems, Inc.; Intel Corp.; and Amazon Web Services, Inc. These companies are actively developing innovative and unique solutions. For instance, Microsoft’s Azure IoT edge delivers cloud intelligence through the implementation of Azure services and Artificial Intelligence (AI) directly on cross-platform IoT devices. Similarly, IBM Corp. offers Watson IoT Platform Edge, which enables the end users to extend Watson IoT platform capabilities to edge devices.
Further key findings from the study suggest:
• High-performance applications in the edge network are expected to propel the growth of the software component segment over the forecast period
• Data centers end-use segment is expected to witness the fastest CAGR over the forecast period owing to the rising need for reducing data center downtime
• APAC is projected witness the highest CAGR of more than 60% from 2019 to 2025. Growing need for digital transformation to streamline and automate the operations is expected to drive the regional market
• Intel Corp.; Aricent, Inc.; Amazon Web Service (AWS), Inc.; and Cisco Systems, Inc. are some of the prominent companies in the global edge computing market
• These companies are collaborating with technology providers to deploy edge solutions on a broader scale for high-performance applications
• Original Equipment Manufacturers (OEMs) are using this technology in their automation and predictive maintenance solutions and transforming their service model to enhance customer experience
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Table of Contents
Chapter 1 Methodology and Scope
1.1 Research Methodology
1.2 Research Scope & Assumptions
1.3 List of data sources
Chapter 2 Executive Summary
2.1 Edge Computing Market Snapshot & Key Buying Criteria, 2016 - 2025
Chapter 3 Market Variables, Trends & Scope
3.1 Market Segmentation & Scope
3.2 Edge Computing Market - Market Size & Growth Prospects
3.3 Edge Computing Market - Value Chain Analysis
3.4 Edge Computing Market - Market Dynamics
3.4.1 Market driver analysis
3.4.1.1 Growing adoption of IoT across end-use
3.4.1.2 Increase in number of smart applications
3.4.2 Market restraint analysis
3.4.2.1 Security and privacy concerns
3.5 Edge Computing Market - Penetration & Growth Prospect Mapping
3.6 Edge Computing Market - Key Company Analysis, 2018
3.7 Industry Analysis-Porter’s
3.8 PEST Analysis
Chapter 4 Component Estimates and Trend Analysis
4.1 Market Size Estimates & Forecasts and Trend Analysis, 2016 - 2025 (USD Million)
4.2 Component Movement Analysis & Market Share, 2018 & 2025
4.3 Hardware
4.3.1 Market size estimates and forecasts, by region, 2016 - 2025 (USD Million)
4.4 Software
4.4.1 Market size estimates and forecasts, by region, 2016 - 2025 (USD Million)
4.5 Services
4.5.1 Market size estimates and forecasts, by region, 2016 - 2025 (USD Million)
4.6 Edge-Managed Platforms
4.6.1 Market size estimates and forecasts, by region, 2016 - 2025 (USD Million)
Continued…
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About Radiant Insights
Radiant Insights is a platform for companies looking to meet their market research and business intelligence requirements. It assists and facilitate organizations and individuals procure market research reports, helping them in the decisions making process. The Organization has a comprehensive collection of reports, covering over 40 key industries and a host of micro markets. In addition to over extensive database of reports, experienced research coordinators also offer a host of ancillary services such as, research partnerships/ tie-ups and customized research solutions.
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