Edge Computing Market cover

Edge Computing Market by Applications (Video Analytics, Industrial Internet of Things, Remote Monitoring, Augmented Reality/Virtual Reality, Content Delivery, and Others), Components (Hardware [End Point Devices {Drones, Robots, Cameras, Head Mounted Display, and Others} and Types {Sensors/Routers, Edge Nodes/Gateways Servers, and Others}], Services, Software, and Edge-managed Platforms), Industry Verticals (Transportation & Logistics, Energy & Utilities, Industrial, Healthcare, Agriculture, Retail, Datacenters, Wearables, and Smart Cities, Smart Homes, & Smart Buildings), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028

  • Report ID: FB-3269
  • Author: Growth Market Reports
  • Rating: 4.8
  • Total Reviews: 9
  • No. Of Pages: 192
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The global edge computing market size was valued at USD 4.65 billion in 2020 and is estimated to reach USD 61.08 billion by 2028, expanding at a CAGR of 38.2 % during the forecast period, 2021–2028. The growth of the market is attributed to the evolution of smart technology into the industry.

Edge Computing Market summary

Edge computing is a distributed computing paradigm in which data storage and computation are moved closer to the data sources, which increase response time while also conserving bandwidth. It also combines software and hardware solutions as well as networking architecture that suits a vast range of use cases across several industries. The impact of COVID-19 has been positive on the global edge computing market. Remote operations in several sectors such as energy, manufacturing, and transportation & logistics have been under significant pressure as a result of mandatory containment measures and health safety compliances.

Market Trends, Drivers, Restraints, and Opportunities

  • Rising use of Bring Your Own Devices in modern business practices and demand for low-latency connectivity is one of the key factors driving the market growth.
  • Increasing awareness for edge computing solutions among small & medium enterprises is expected to boost the market growth in the projected timeline.
  • Issues concerning to security breaches at data centers presents a major restraining factor. This is anticipated to hamper the market expansion during the forecast period.
  • Lack of skilled IT professionals to implement and manage a local edge network devices is a key challenge, which is likely to hinder the market growth in the coming years.
  • An edge is projected to create significant growth opportunities for the market in the near future as the technology is in the early stage of development. 

Scope of the Report

The report on the global edge computing market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Edge Computing Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018–2019

Forecast Period

2021–2028

Segmentation

Applications (Video Analytics, Industrial Internet of Things, Remote Monitoring, Augmented Reality/Virtual Reality, Content Delivery, and Others), Components (Hardware [End Point Devices {Drones, Robots, Cameras, Head Mounted Display, and Others} and Types {Sensors/Routers, Edge Nodes/Gateways Servers, and Others}], Services, Software, and Edge-managed Platforms), and Industry Verticals (Transportation & Logistics, Energy & Utilities, Industrial, Healthcare, Agriculture, Retail, Datacenters, Wearables, and Smart Cities, Smart Homes, & Smart Buildings)

Regional Scope

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

Atos SE; Belden Inc.; Moxa Inc.; Sierra Wireless; ABB; Cisco Systems, Inc.; Digi International Inc.; Honeywell International Inc.; and Microsoft Corporation

Market Segment Insights

Industrial Internet of Things segment is expected to grow at a rapid pace

Based on applications, the global edge computing market is divided into video analytics, Industrial Internet of Things, remote monitoring, augmented reality/virtual reality, content delivery, and others. The Industrial Internet of Things segment is expected to grow at a rapid pace during the forecast period owing to the major portion of edge computing in the manufacturing sector deployed in the form of device edge, which is being accepted widely across the globe. However, the remote monitoring segment is likely to register considerable CAGR during the forecast period due to rapid expansion in work from home module and profiles.

Low-latency and secure data connection to drive the service segment

On the basis of components, the market is segregated into hardware, services, software, and edge-managed platforms. The hardware segment is further bifurcated into end point devices and types. The end point devices segment is sub-segregated into drones, robots, cameras, head mounted display, and others, while the types segment is further segmented into sensors/routers, edge nodes/gateways servers, and others. The service segment is projected to expand at a considerable CAGR during the forecast period attributed to rise in secure data connectivity among end-users and low-latency. On the other hand, the edge- managed segment is anticipated to account for a major market share during the forecast period owing to rise in significant data centers in numbers across several industries.

Edge Computing Market component

Energy & utilities segment is anticipated to hold significant market share

Based on industry verticals, the global edge computing market is segmented into transportation & logistics, energy & utilities, industrial, healthcare, agriculture, retail, datacenters, wearables, and smart cities, smart homes, & smart buildings. The energy & utilities segment is anticipated to hold significant market share attributed to implementation of advanced supply of electricity via smart grids, which helps in monitoring fluctuation in usage and adapt accordingly. However, the healthcare segment is expected to register a considerable CAGR during the forecast period due to digitization in healthcare industry, which is rapidly implementing digital health strategies with varied degrees of maturity and success.

North America is anticipated to constitute a key market share

In terms of regions, the market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is expected to constitute a key share of the market during the projected period as edge computing convergence is driving manufacturers especially in the U.S. to shift towards linked factories. Additionally, several startups have emerged to provide platforms for developing edge-enabled solutions, which is projected to fuel the regional market growth. However, the market of Asia Pacific is anticipated to expand at a rapid pace during the forecast period attributed to the growing emphasis on improving networking technology across the region.

Edge Computing Market region

Segments

Segments Covered in the Report

The global edge computing market has been segmented on the basis of

Applications

  • Video Analytics
  • Industrial Internet of Things
  • Remote Monitoring
  • Augmented Reality/Virtual Reality
  • Content Delivery
  • Others

Components

  • Hardware
    • End Point Devices
      • Drones
      • Robots
      • Cameras
      • Head Mounted Display
      • Others
    • Types
      • Sensors/Routers
      • Edge Nodes/Gateways Servers
      • Others
  • Services
  • Software
  • Edge-managed Platforms

Industry Verticals

  • Transportation & Logistics
  • Energy & Utilities
  • Industrial
  • Healthcare
  • Agriculture
  • Retail
  • Datacenters
  • Wearables
  • Smart Cities, Smart Homes, & Smart Buildings

Regions

  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa

Key Players

  • Atos SE
  • Belden Inc.
  • Moxa Inc.
  • Sierra Wireless
  • ABB
  • Cisco Systems, Inc.
  • Digi International Inc.
  • Honeywell International Inc.
  • Microsoft Corporation

Competitive Landscape

Key players competing in the global edge computing market are Atos SE; Belden Inc.; Moxa Inc.; Sierra Wireless; ABB; Cisco Systems, Inc.; Digi International Inc.; Honeywell International Inc.; and Microsoft Corporation. Companies are focusing on business strategies such as partnerships, collaborations, and merger & acquisitions to expand their market share. Furthermore, key players are also engaging to expand their capacity to leverage their market position.

Edge Computing Market keyplayers

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Edge Computing Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Edge Computing Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Edge Computing Market - Supply Chain
  4.5. Global Edge Computing Market Forecast
     4.5.1. Edge Computing Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Edge Computing Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Edge Computing Market Absolute $ Opportunity
5. Global Edge Computing Market Analysis and Forecast by Region
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Region
     5.2.2. Y-o-Y Growth Projections by Region
  5.3. Edge Computing Market Size and Volume Forecast by Region
     5.3.1. North America
     5.3.2. Latin America
     5.3.3. Europe
     5.3.4. Asia Pacific
     5.3.5. Middle East and Africa (MEA)
  5.4. Absolute $ Opportunity Assessment by Region
  5.5. Market Attractiveness/Growth Potential Analysis by Region
  5.6. Global Edge Computing Demand Share Forecast, 2019-2026
6. North America Edge Computing Market Analysis and Forecast
  6.1. Introduction
     6.1.1. Basis Point Share (BPS) Analysis by Country
     6.1.2. Y-o-Y Growth Projections by Country
  6.2. North America Edge Computing Market Size and Volume Forecast by Country
     6.2.1. U.S.
     6.2.2. Canada
  6.3. Absolute $ Opportunity Assessment by Country
  6.4. Market Attractiveness/Growth Potential Analysis
     6.4.1. By Country
     6.4.2. By Product Type
     6.4.3. By Application
  6.5. North America Edge Computing Demand Share Forecast, 2019-2026
7. Latin America Edge Computing Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
     7.1.3. Latin America Average Pricing Analysis
  7.2. Latin America Edge Computing Market Size and Volume Forecast by Country
      7.2.1. Brazil
      7.2.2. Mexico
      7.2.3. Rest of Latin America
   7.3. Absolute $ Opportunity Assessment by Country
  7.4. Market Attractiveness/Growth Potential Analysis
     7.4.1. By Country
     7.4.2. By Product Type
     7.4.3. By Application
  7.5. Latin America Edge Computing Demand Share Forecast, 2019-2026
8. Europe Edge Computing Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Europe Average Pricing Analysis
  8.2. Europe Edge Computing Market Size and Volume Forecast by Country
     8.2.1. Germany
     8.2.2. France
     8.2.3. Italy
     8.2.4. U.K.
     8.2.5. Spain
     8.2.6. Russia
     8.2.7. Rest of Europe
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. Market Attractiveness/Growth Potential Analysis
     8.4.1. By Country
     8.4.2. By Product Type
     8.4.3. By Application
  8.5. Europe Edge Computing Demand Share Forecast, 2019-2026
9. Asia Pacific Edge Computing Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Asia Pacific Average Pricing Analysis
  9.2. Asia Pacific Edge Computing Market Size and Volume Forecast by Country
     9.2.1. China
     9.2.2. Japan
     9.2.3. South Korea
     9.2.4. India
     9.2.5. Australia
     9.2.6. Rest of Asia Pacific (APAC)
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Market Attractiveness/Growth Potential Analysis
     9.4.1. By Country
     9.4.2. By Product Type
     9.4.3. By Application
  9.5. Asia Pacific Edge Computing Demand Share Forecast, 2019-2026
10. Middle East & Africa Edge Computing Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Middle East & Africa Average Pricing Analysis
  10.2. Middle East & Africa Edge Computing Market Size and Volume Forecast by Country
     10.2.1. Saudi Arabia
     10.2.2. South Africa
     10.2.3. UAE
     10.2.4. Rest of Middle East & Africa (MEA)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Market Attractiveness/Growth Potential Analysis
     10.4.1. By Country
     10.4.2. By Product Type
     10.4.3. By Application
  10.5. Middle East & Africa Edge Computing Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global Edge Computing Market: Market Share Analysis
  11.2. Edge Computing Distributors and Customers
  11.3. Edge Computing Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     11.4.1. Atos SE
     11.4.2. Belden Inc.
     11.4.3. Moxa Inc.
     11.4.4. Sierra Wireless
     11.4.5. ABB
     11.4.6. Cisco Systems, Inc.
     11.4.7. Digi International Inc.

Segments Covered in the Report

The global edge computing market has been segmented on the basis of

Applications

  • Video Analytics
  • Industrial Internet of Things
  • Remote Monitoring
  • Augmented Reality/Virtual Reality
  • Content Delivery
  • Others

Components

  • Hardware
    • End Point Devices
      • Drones
      • Robots
      • Cameras
      • Head Mounted Display
      • Others
    • Types
      • Sensors/Routers
      • Edge Nodes/Gateways Servers
      • Others
  • Services
  • Software
  • Edge-managed Platforms

Industry Verticals

  • Transportation & Logistics
  • Energy & Utilities
  • Industrial
  • Healthcare
  • Agriculture
  • Retail
  • Datacenters
  • Wearables
  • Smart Cities, Smart Homes, & Smart Buildings

Regions

  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa

Key Players

  • Atos SE
  • Belden Inc.
  • Moxa Inc.
  • Sierra Wireless
  • ABB
  • Cisco Systems, Inc.
  • Digi International Inc.
  • Honeywell International Inc.
  • Microsoft Corporation

Key players competing in the global edge computing market are Atos SE; Belden Inc.; Moxa Inc.; Sierra Wireless; ABB; Cisco Systems, Inc.; Digi International Inc.; Honeywell International Inc.; and Microsoft Corporation. Companies are focusing on business strategies such as partnerships, collaborations, and merger & acquisitions to expand their market share. Furthermore, key players are also engaging to expand their capacity to leverage their market position.

Edge Computing Market keyplayers

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