Edge Computing Market By Component (Hardware, Platform, and Service), By Application (Smart cities, Industrial Internet of Things [IoT], Remote monitoring, Content delivery, Augmented reality [AR] and Virtual reality [VR], and others), By Organization size (SME’s, and Large enterprise), By Verticals (Manufacturing, Energy & Utility, Government & Defense, Telecommunications, Media & Entertainment, Retail & Consumer goods, Transportation & Logistics, Healthcare & Life Science, and others), and Geography

 

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Edge Computing Market size was valued at USD 3.7 billion in 2021 and is expected to reach USD 16.4 billion by 2028, at a CAGR of 34.1% during the forecast period 2022-2028. Factors such as growing industry-wide acceptance of the Internet of Things (IoT), growing demand for low-latency processing and real-time, automated decision-making solutions; and the need to address growing data volumes and network traffic exponentially. In addition, it is anticipated that the advent of autonomous vehicles and connected car networks and the need for lightweight frameworks and systems to increase the efficacy of edge computing solutions would create ample opportunities for vendors of edge computing. While in many applications, edge computing is used, the high initial costs and maintenance costs act as the impeding factor for the edge computing market. In addition, edge computing forces organizations to deal with the same network security models and physical security criteria for more remote servers where safety footprints and traffic patterns are open to all, thus hindering and challenging the security of the database. This study analyses the global edge computing market dynamics in a detailed manner to identify current trends and drivers, growth opportunities and potential challenges to the key stakeholders in the operating market. In addition, PBI has analyzed the global market to better equip customers with possible investment opportunities across region and consumer unmet needs.   Key Developments:  In March 2020, Google Cloud and AT&T announced a collaboration to help enterprises take advantage of Google Cloud’s technologies and capabilities using AT&T network connectivity at the edge, including 5G. In March 2020, Microsoft announced the acquisition of Affirmed Networks, which is a startup that offers fully virtualized cloud-native mobile network solutions.

Edge Computing Market Summary

Study Period

2023-29

Base Year

2022

CAGR

34.1%

Largest Market

North America

Fastest Growing Market

Europe
Edge Computing Market Drivers And Restraints

In order to drive the market, the jobs of IoT in various industries such as automobile, manufacturing, retail , transportation, electricity and so on has been evaluated. In these industries, IoT is used as it provides real-time data, enhances operational efficiency, output optimization, and other benefits that impact the industry’s efficiency and further contribute as the driving force for the edge computing market. G.E reported that industrial IoT employment has a 44 percent effect on global energy consumption. The use of IoT in industries is therefore evaluated as a driving factor for the market for edge computing.

Key Features of the Reports

  • Global edge computing market expanding at significant CAGR over 2022 to 2028 owing to growing industry-wide acceptance of the Internet of Things (IoT), growing demand for low-latency processing and real-time, automated decision-making solutions, and the need to address growing data volumes and network traffic exponentially.
  • North America accounted for larger share of market revenue based on the region and projected a gain in market revenue over a forecast period.
  • Players focusing on innovation of technologies and collaboration strategies to retain market position in global market.

Edge Computing Market Segmentation

component
  • Hardware
  • Platform
  • Service
Organization size
  • Small and Medium Sized Enterprises (SME’s)
  • Large Enterprises
Verticals
  • Manufacturing
  • Energy and Utilities
  • Government and Defense
  • Telecommunications
  • Media and Entertainment
  • Retail and Consumer Goods
  • Transportation and Logistics
  • Healthcare and Life Sciences
  • Others
Application
  • Smart Cities
  • Industrial Internet of Things (IIoT)
  • Remote Monitoring
  • Content Delivery
  • Augmented Reality (AR) and Virtual Reality (VR)
  • Others

Frequently Asked Questions

The edge computing market is projected to expand at a CAGR of 34.1% during the forecast period.

Cisco, HPE, Huawei, Dell Technologies, Nokia

North America is the fastest-growing region for edge computing market

Table of Content
  1. Executive Summary
  2. Global Edge Computing Market Introduction
    • Global Edge Computing Market – Taxonomy
    • Global Edge Computing Market –Definitions
      • By Component
      • By Application
      • By Organization size
      • By Verticals
      • By Region
  1. Global Edge Computing Market Dynamics
    • Drivers
    • Restraints
    • Opportunities/Unmet Needs of the Market
    • Trends
    • Global Edge Computing Market Dynamic Factors - Impact Analysis
    • Global Edge Computing Market – Competition Landscape
  2. Global Edge Computing Market Analysis, 2015 - 2019 and Forecast, 2020 - 2026
    • Market Analysis, 2015 - 2019 and Forecast, 2020 - 2026 (Revenue, USD Mn)
    • Year-over-Year (Y-o-Y) Growth Analysis (%)
    • Market Opportunity Analysis
  3. Global Edge Computing Market, By Component, 2015 - 2019 and Forecast, 2020 - 2026 (Revenue, USD Mn)
    • Hardware
      • Market Analysis, 2015 - 2019 and Forecast, 2020 - 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Platform
      • Market Analysis, 2015 - 2019 and Forecast, 2020 - 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Service
      • Market Analysis, 2015 - 2019 and Forecast, 2020 - 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
  1. Global Edge Computing Market Forecast, By Application, 2015 - 2019 and Forecast, 2019 – 2025 (Revenue, USD Mn)
    • Smart Cities
      • Market Analysis, 2015 - 2019 and Forecast, 2020 - 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Industrial Internet of Things (IIoT)
      • Market Analysis, 2015 - 2019 and Forecast, 2020 - 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Remote monitoring
      • Market Analysis, 2015 - 2019 and Forecast, 2020 - 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Content Delivery
      • Market Analysis, 2015 - 2019 and Forecast, 2020 - 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Augmented Reality (AR) and Virtual Reality (VR)
      • Market Analysis, 2015 - 2019 and Forecast, 2020 - 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Others
      • Market Analysis, 2015 - 2019 and Forecast, 2020 - 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
  1. Global Edge Computing Market Forecast, By Organization size, 2015 - 2019 and Forecast, 2019 – 2025 (Revenue, USD Mn)
    • Small & Medium sized Enterprises (SME’s)
      • Market Analysis, 2015 - 2019 and Forecast, 2020 - 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Large Enterprises
      • Market Analysis, 2015 - 2019 and Forecast, 2020 - 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
  1. Global Edge Computing Market Forecast, By Verticals, 2015 - 2019 and Forecast, 2019 – 2025 (Revenue, USD Mn)
    • Manufacturing
      • Market Analysis, 2015 - 2019 and Forecast, 2020 - 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Energy & Utilities
      • Market Analysis, 2015 - 2019 and Forecast, 2020 - 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Government & Defense
      • Market Analysis, 2015 - 2019 and Forecast, 2020 - 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Telecommunication
      • Market Analysis, 2015 - 2019 and Forecast, 2020 - 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Media & Entertainment
      • Market Analysis, 2015 - 2019 and Forecast, 2020 - 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Retail & Consumer goods
      • Market Analysis, 2015 - 2019 and Forecast, 2020 - 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Transportation & Logistics
      • Market Analysis, 2015 - 2019 and Forecast, 2020 - 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Healthcare & Life Sciences
      • Market Analysis, 2015 - 2019 and Forecast, 2020 - 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Others
      • Market Analysis, 2015 - 2019 and Forecast, 2020 - 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
  1. Global Edge Computing Market Forecast, By Region, 2015 - 2019 and Forecast, 2020 - 2026 (Revenue, USD Mn)
    • North America
      • Market Analysis, 2015 - 2019 and Forecast, 2020 - 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Europe
      • Market Analysis, 2015 - 2019 and Forecast, 2020 - 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Asia-Pacific
      • Market Analysis, 2015 - 2019 and Forecast, 2020 - 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Latin America
      • Market Analysis, 2015 - 2019 and Forecast, 2020 - 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Middle East and Africa
      • Market Analysis, 2015 - 2019 and Forecast, 2020 - 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Global Edge Computing Market - Opportunity Analysis Index, By Component, By Application, By Organization size, By Verticals, and Region, 2020 - 2026
  2. North America Edge Computing Market Analysis, 2015 - 2019 and Forecast, 2020 - 2026 (Revenue, USD Mn)
    • Component Analysis 2015 - 2019 and Forecast 2020 - 2026 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Hardware
      • Platform
      • Service
    • Application Analysis 2015 - 2019 and Forecast 2020 - 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Smart Cities
      • Industrial Internet of Things (IIoT)
      • Remote monitoring
      • Content Delivery
      • Augmented Reality (AR) and Virtual Reality (VR)
      • Others
    • Organization size Analysis 2015 - 2019 and Forecast 2020 - 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Small & Medium Sized Enterprises (SME’s)
      • Large Enterprises
    • Verticals Analysis 2015 - 2019 and Forecast 2020 - 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Manufacturing
      • Energy & Utilities
      • Government & Defense
      • Telecommunication
      • Media & Entertainment
      • Retail & consumer goods
      • Transportation & Logistics
      • Healthcare & Life Sciences
      • Others
    • Country Analysis 2015 - 2019 and Forecast 2020 - 2026 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • USA
      • Canada
    • North America Edge Computing Market - Opportunity Analysis Index, By Component, By Application, By Organization sizes, By Verticals, and Country, 2020 - 2026
    • North America Edge Computing Market Dynamics – Trends
  3. Europe Edge Computing Market Analysis, 2015 - 2019 and Forecast, 2020 - 2026 (Revenue, USD Mn)
    • Component Analysis 2015 - 2019 and Forecast 2020 - 2026 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Hardware
      • Platform
      • Service
    • Application Analysis 2015 - 2019 and Forecast 2020 - 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Smart Cities
      • Industrial Internet of Things (IIoT)
      • Remote monitoring
      • Content Delivery
      • Augmented Reality (AR) and Virtual Reality (VR)
      • Others
    • Organization size Analysis 2015 - 2019 and Forecast 2020 - 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Small & Medium Sized Enterprises (SME’s)
      • Large Enterprises
    • Verticals Analysis 2015 - 2019 and Forecast 2020 - 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Manufacturing
      • Energy & Utilities
      • Government & Defense
      • Telecommunication
      • Media & Entertainment
      • Retail & consumer goods
      • Transportation & Logistics
      • Healthcare & Life Sciences
      • Others
    • Country Analysis 2015 - 2019 and Forecast 2020 - 2026 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • Germany
      • UK
      • France
      • Spain
      • Italy
      • Russia
      • Rest of Europe
    • Europe Edge Computing Market - Opportunity Analysis Index, By Component, By Application, By Organization sizes, By Verticals, and Country, 2020 - 2026
    • Europe Edge Computing Market Dynamics – Trends
  4. Asia-Pacific Edge Computing Market Analysis 2015 - 2019 and Forecast 2020 - 2026 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
    • Component Analysis 2015 - 2019 and Forecast 2020 - 2026 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Hardware
      • Platform
      • Service
    • Application Analysis 2015 - 2019 and Forecast 2020 - 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Smart Cities
      • Industrial Internet of Things (IIoT)
      • Remote monitoring
      • Content Delivery
      • Augmented Reality (AR) and Virtual Reality (VR)
      • Others
    • Organization size Analysis 2015 - 2019 and Forecast 2020 - 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Small & Medium Sized Enterprises (SME’s)
      • Large Enterprises
    • Verticals Analysis 2015 - 2019 and Forecast 2020 - 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Manufacturing
      • Energy & Utilities
      • Government & Defense
      • Telecommunication
      • Media & Entertainment
      • Retail & consumer goods
      • Transportation & Logistics
      • Healthcare & Life Sciences
      • Others
    • Country Analysis 2015 - 2019 and Forecast 2020 - 2026 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • Japan
      • China
      • India
      • ASEAN
      • Australia & New Zealand
      • Rest of Asia-Pacific
    • Asia-Pacific Edge Computing Market - Opportunity Analysis Index, By Component, By Application, By Organization sizes, By Verticals, and Country, 2020 - 2026
    • Asia-Pacific Edge Computing Market Dynamics – Trends
  5. Latin America Edge Computing Market Analysis, 2015 - 2019 and Forecast, 2020 - 2026 (Revenue, USD Mn)
    • Component Analysis 2015 - 2019 and Forecast 2020 - 2026 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Hardware
      • Platform
      • Service
    • Application Analysis 2015 - 2019 and Forecast 2020 - 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Smart Cities
      • Industrial Internet of Things (IIoT)
      • Remote monitoring
      • Content Delivery
      • Augmented Reality (AR) and Virtual Reality (VR)
      • Others
    • Organization size Analysis 2015 - 2019 and Forecast 2020 - 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Small & Medium Sized Enterprises (SME’s)
      • Large Enterprises
    • Verticals Analysis 2015 - 2019 and Forecast 2020 - 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Manufacturing
      • Energy & Utilities
      • Government & Defense
      • Telecommunication
      • Media & Entertainment
      • Retail & consumer goods
      • Transportation & Logistics
      • Healthcare & Life Sciences
      • Others
    • Country Analysis 2015 - 2019 and Forecast 2020 - 2026 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • Brazil
      • Mexico
      • Argentina
      • Rest of Latin America
    • Latin America Edge Computing Market - Opportunity Analysis Index, By Component, By Application, By Organization sizes, By Verticals, and Country, 2020 - 2026
    • Latin America Edge Computing Market Dynamics – Trends
  6. Middle East and Africa Edge Computing Market Analysis, 2015 - 2019 and Forecast, 2020 - 2026 (Revenue, USD Mn)
    • Component Analysis 2015 - 2019 and Forecast 2020 - 2026 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Hardware
      • Platform
      • Service
    • Application Analysis 2015 - 2019 and Forecast 2020 - 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Smart Cities
      • Industrial Internet of Things (IIoT)
      • Remote monitoring
      • Content Delivery
      • Augmented Reality (AR) and Virtual Reality (VR)
      • Others
    • Organization size Analysis 2015 - 2019 and Forecast 2020 - 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Small & Medium Sized Enterprises (SME’s)
      • Large Enterprises
    • Verticals Analysis 2015 - 2019 and Forecast 2020 - 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Manufacturing
      • Energy & Utilities
      • Government & Defense
      • Telecommunication
      • Media & Entertainment
      • Retail & consumer goods
      • Transportation & Logistics
      • Healthcare & Life Sciences
      • Others
    • Country Analysis 2015 - 2019 and Forecast 2020 - 2026 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • Gulf Cooperation Council (GCC) Countries
      • Israel
      • South Africa
      • Rest of MEA
    • MEA Edge Computing Market - Opportunity Analysis Index, By Component, By Application, By Organization sizes, By Verticals, and Country, 2020 - 2026
    • MEA Edge Computing Market Dynamics – Trends
  7. Competition Landscape
    • Strategic Dashboard of Top Market Players
    • Company Profiles (Introduction, Financial Analysis, Application & Application Offerings, Key Developments, Strategies, and SWOT Analysis)
      • Cisco
      • HPE
      • Huawei
      • Dell Technologies
      • Nokia
      • Litmus Automation
      • FogHorn Systems
      • Digi International
      • Saguna Networks
      • Juniper Networks
  1. Research Methodology
  2. Key Assumptions and Acronyms
  • Key players profile in global edge computing market include-

    • Cisco
    • HPE
    • Huawei
    • Dell Technologies
    • Nokia
    • Litmus Automation
    • FogHorn Systems
    • Digi International
    • Saguna Networks
    • Juniper Networks