Edge Computing Market Growth
Trend & Forecast with latest research study released by Delvens evaluating
the market risk side analysis, highlighting opportunities, and leveraging
strategic and tactical decision-making support. The report provides information
on market trends and development, growth drivers, technologies, and the
changing investment structure of the Global market. The global edge computing
market size was valued at USD 4.68 billion in 2020 and is expected to expand at
a compound annual growth rate (CAGR) of 38.4% to 2030.

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Edge computing refers to the distributed computing paradigm,
which is mostly used to bring computing and data storage closer to the
location, in order to improve the response time. The analysis tools used across
industries are beginning to drive new levels of performance and productivity.
Therefore, the distributed computing paradigm, called edge computing, is gaining
traction.

The amalgamation of Artificial Intelligence (AI) into the
edge ecosystem is the factor that has supported long-term expansion for Edge
Computing Market.

Regional Analysis

APAC is projected to witness the fastest growth rate in the
coming years. APAC has witnessed the advanced and dynamic adoption of new
technologies and is projected to record the highest CAGR during the forecast
period. In addition, IT spending across organizations in the region is
gradually increasing, which is projected to lead to a surge in the adoption of
edge computing. APAC is a base to various global telecommunications and edge
network companies, including Huawei, Telstra, Vodafone, Optus, China Telecom,
Vodafone, and NTT Docomo, which acts as a growth factor for the edge computing
market.

Recent Developments

·       
Cisco announced its new portfolio of catalyst
industrial routers to extend the capability of enterprise network to the edge
with flexibility, scalability, and security with embedded 5G technology.

·       
Verizon and AWS launched its private mobile 5G
edge computing to enterprises in the US through Verizon private 5G network and
AWS outposts.

Key Players of Edge Computing Market

·       
ABB

·       
Cisco Systems, Inc.

·       
Atos SE; Belden Inc.

·       
Digi International Inc.

·       
Honeywell International Inc.

·       
Microsoft Corporation

·       
Moxa Inc.

·       
Sierra Wireless

·       
Edgeiq

·       
Saguna Networks

·       
Vapour Io

·       
Adlink

·       
Capgemini

·       
Axellio

·       
Digi International

·       
Juniper Networks

·       
Clearblade and More

Edge Computing Market
is segmented into components, application, organization size, verticals and
geography.

On the basis of
Components

·       
Hardware

·       
Software

·       
Services                                                       

On the basis of
Application

·       
Smart Cities

·       
Industrial Internet of Things (IIoT)

·       
Remote Monitoring

·       
Others (autonomous vehicles, drones, and gaming)

On the basis of
Organization Size

·       
Large enterprises

·       
SMEs

On the basis of
Region

·       
Asia Pacific

·       
North America

·       
Europe

·       
South America

·       
Middle East & Africa

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market data for Edge Computing Market, Delvens offers client-centric report and
customized according to the company’s specific demand and requirement.

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