According to a report by Exactitude Consultancy, top companies covered include: ABB, Amazon Web Services (AWS), Inc., Aricent, Inc., Atos, Cisco Systems, Inc

LUTON, BEDFORDSHIRE, UNITED KINGDOM, August 27, 2024 /EINPresswire.com/ -- 𝐓𝐡𝐞 𝐄𝐝𝐠𝐞 𝐂𝐨𝐦𝐩𝐮𝐭𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭 𝐢𝐬 𝐞𝐱𝐩𝐞𝐜𝐭𝐞𝐝 𝐭𝐨 𝐠𝐫𝐨𝐰 𝐚𝐭 𝟑𝟎% 𝐂𝐀𝐆𝐑 𝐟𝐫𝐨𝐦 𝟐𝟎𝟐𝟒 𝐭𝐨 𝟐𝟎𝟑𝟎. 𝐈𝐭 𝐢𝐬 𝐞𝐱𝐩𝐞𝐜𝐭𝐞𝐝 𝐭𝐨 𝐫𝐞𝐚𝐜𝐡 𝐚𝐛𝐨𝐯𝐞 𝐔𝐒𝐃 𝟏𝟎𝟔.𝟎𝟒 𝐛𝐢𝐥𝐥𝐢𝐨𝐧 𝐛𝐲 𝟐𝟎𝟐𝟗 𝐟𝐫𝐨𝐦 𝐔𝐒𝐃 𝟏𝟎.𝟎 𝐛𝐢𝐥𝐥𝐢𝐨𝐧 𝐢𝐧 𝟐𝟎𝟐𝟎.

𝐌𝐚𝐫𝐤𝐞𝐭 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰

Edge computing introduces additional layers of physical and functional decentralization into organizations to embrace an enlarged variety of stakeholders to support IT infrastructures, networks, application software, traffic, and services. It also envelops software, hardware solutions and networks several architecture to cover several uses in several businesses. Edge computing is as of now at its preliminary stage of development. Its deployment and operating models have not emerged; the latter, however, is expected to provide reasonable further growth opportunities for new entrants in the near future.

Possibilities are applied when the present scenario in a business focusing on how the business can offer new services to the public. Telecommunications industry is advancing swiftly in the realms of video conferencing app like Microsoft Teams and Zoom and are developing novel solutions to address the expanding demand.

Edge computing has remained a solution-specific technology where of different tools and architecture are developed for different use cases. Predictable sectors where edge will attain a considerable market share throughout the forecasted time include next-gen CDNs, Network Functions; 5G Virtualization, and game streaming services. This is the first step towards having the edge available to everyone at some point In the future.

𝐆𝐞𝐭 𝐭𝐡𝐞 𝐏𝐃𝐅 𝐒𝐚𝐦𝐩𝐥𝐞 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐄𝐝𝐠𝐞 𝐂𝐨𝐦𝐩𝐮𝐭𝐢𝐧𝐠 𝐫𝐞𝐩𝐨𝐫𝐭 @:

https://exactitudeconsultancy.com/reports/16027/edge-computing-market/#request-a-sample

𝐄𝐝𝐠𝐞 𝐂𝐨𝐦𝐩𝐮𝐭𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭 𝐓𝐫𝐞𝐧𝐝𝐬

Telecommunication Sector is anticipated to have a Significant CAGR Growth Over the Forecast Period

Telecommunications industry is known to be one of the most rapidly developing industries in the global market. The industry is in the process of overhauling its infrastructures to prepare for the 5G transition alongside the rapidly growing penetration of 5G around the world is forcing the telecom sector to invest in edge computing resources.

Moving towards Edge computing is now slated to reinvent telecom networks and transform them for the better within the next decade, enabled by both the 5G as well as the IoT. Besides, some of the key drivers for moving the telecoms to the edge include the leaning on the cloud, reliance on internet connection, and the IoT that has huge expansion and development prospects. Operators utilising edge can enhance their fundamental connectivity revenue streams as well as decrease latency for their customers, while also creating new services of edge data management.

Besides, eventually, as the control and access to the 5G technologies progress through the continuum from experimentation to mainstreaming, the figure of 5G-compliant devices is expected to increase resulting in several capacity concerns.

While the mm-wave bands are very restrictive to ensure they are far away from the 3G or 4G bands, the issue of many subscriptions will create more demand for the extra computing at the edge. For example, GSMA Intelligence report revealed that market penetration of 5G across the globe will rise from 3% in 2020 to 64% by the end of 2030.

𝐂𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐯𝐞 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬:

In this section, we assess the competitive landscape of the Edge Computing Market, focusing on key players.

ABB, Amazon Web Services (AWS), Inc., Aricent, Inc., Atos, Cisco Systems, Inc., General Electric Company, Hewlett Packard Enterprise Development, Honeywell International Inc., Huawei Technologies Co., Ltd., IBM Corporation, Intel Corporation, Microsoft Corporation, Rockwell Automation, Inc, SAP SE Siemens AG

𝐑𝐞𝐜𝐞𝐧𝐭 𝐃𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭𝐬:

𝐉𝐮𝐥𝐲 𝟐𝟎𝟐𝟐 - Lumen Technologies now brings its Edge Computing Solutions to Europe and pours money into its international Edge network to provide business with the low latency environment they need in order to host high bandwidth, big data applications at the cloud edge. This expansion is included in the Lumen’s long-term strategy that is aimed at offering unique next-generation solutions that will transform people’s digital experience and thereby satisfy the needs of modern day international enterprises.

𝐌𝐚𝐲 𝟐𝟎𝟐𝟐 - The 5TONIC, the open research and innovation lab in 5G technologies setting by Telefónica and IMDEA Networks moved to network as a service position to integrate a 5G SA network and multi-access edge computing by teaming with Ericsson, Intel, Telefónica, DeepSight, Capgemini Engineering.

𝐌𝐚𝐫𝐜𝐡 𝟐𝟎𝟐𝟐 - Advisors of ADLINK Technology Inc and AUO, leading optoelectronic solution providers, established that they would be having their first online technology summit in the EMEA territory.

𝐅𝐮𝐥𝐥 𝐑𝐞𝐩𝐨𝐫𝐭 𝐨𝐟 𝐭𝐡𝐞 𝐄𝐝𝐠𝐞 𝐂𝐨𝐦𝐩𝐮𝐭𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭 @:

https://exactitudeconsultancy.com/reports/16027/edge-computing-market/

𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬:

𝐄𝐝𝐠𝐞 𝐂𝐨𝐦𝐩𝐮𝐭𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭 𝐛𝐲 𝐂𝐨𝐦𝐩𝐨𝐧𝐞𝐧𝐭 𝐓𝐲𝐩𝐞

The Edge Computing Market has been divided in relation to the key components, verticals, and applications, and all these segments have varying growth patterns for the duration of 2020-2029. On the basis of the component type, the market is segregated into hardware services, software services, and edge-managed platforms. Hardware services are expected to sustain a large piece of the cake since the demand for dependable edge devices and infrastructure is set to rise. Software services are also increasing due to the increase in the need for cost-efficient, easily-deployable edge computing. Some of them are edge-managed platforms that are growing more popular with using centralized management on distributed edge environments.

𝐄𝐝𝐠𝐞 𝐂𝐨𝐦𝐩𝐮𝐭𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭 𝐛𝐲 𝐕𝐞𝐫𝐭𝐢𝐜𝐚𝐥

By the vertical, the market encompasses industrial, energy & utilities, healthcare, agriculture, transport and logistics, retail, data center, wearables, smart city, smart home, and building. Industrial is the most adopting among all sectors because of the IIoT use in different industrial areas that need real-time data processing. It is also forecasted that energy & utilities and healthcare industries will also highly adopt edge computing for real-time monitoring and analytics. The Smart cities, smart homes and smart buildings segment has potential to grow and evolve by the increased usage of smart technologies and IoT devices. The other industries which will participate in the market growth include the transportation & logistics industry that will adopt edge computing for management of supplies and the retail which will adopt the same for management of customers.

𝐄𝐝𝐠𝐞 𝐂𝐨𝐦𝐩𝐮𝐭𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭 𝐛𝐲 𝐀𝐩𝐩𝐥𝐢𝐜𝐚𝐭𝐢𝐨𝐧

Thus, the existing market encompasses various applications, including Industrial IoT, remote monitoring, content delivery, video analysis, and AR/VR, and others. IIoT applications predominate due to the requirement for real-time computing in settings that are industrial. Another important application which is often included in the definition of IoT is Remote monitoring that helps businesses monitor and control distant assets and processes effectively. Since data intensive applications are emerging, content delivery in combination with video analysis grows more and more significant, whereas real-time video processing is becoming more and more a request. With time, the applications of AR/VR are becoming major revenue generators as they deliver enhanced engagements across a range of industries such as entertainment, healthcare and education. Other sectors inclusive of autonomous vehicle and edge AI are assumed to fuel growth in the market due increased incorporation of edge computing in sophisticated technological systems.

𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬

𝐍𝐨𝐫𝐭𝐡 𝐀𝐦𝐞𝐫𝐢𝐜𝐚

In coming years, especially in 2023, North America region held the largest market share of more than 40%. This combination of IIoT with edge computing is developing a good environment for manufacturers in the U.S to shift towards connected factories. A few other startups has also transformed to provide platforms for deploying edge solutions which are expected to help propel the regional market. For example, in forming the MobiledgeX Early Access Programme, Telus Communications partnered with MobiledgeX, Inc. The program has provided a setting in which developers can create and deploy their apps to incorporate the edge and test how effective the edge solutions are.

𝐌𝐚𝐫𝐤𝐞𝐭 𝐓𝐫𝐞𝐧𝐝𝐬 𝐎𝐟 𝐓𝐡𝐞 𝐔𝐧𝐢𝐭𝐞𝐝 𝐒𝐭𝐚𝐭𝐞𝐬 𝐄𝐝𝐠𝐞 𝐂𝐨𝐦𝐩𝐮𝐭𝐢𝐧𝐠 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲

The edge computing market in the United States alone is projected to show a CAGR of more than 31 % from 2024 to 2030 due to the presence of a number of leading vendors, including Amazon Web Services (AWS), Inc., General Electric, Hewlett Packard Enterprise Development LP, and SAP SE. Currently, these edge computing solution providers are not only involved in creating new solutions but also they are coming up with novel solutions. An increase in wireless communication devices, higher speed communication requirements and increased usage of IoT based solutions are expected to further push the application of edge computing in India in the coming years.

𝐄𝐮𝐫𝐨𝐩𝐞 𝐄𝐝𝐠𝐞 𝐂𝐨𝐦𝐩𝐮𝐭𝐢𝐧𝐠 𝐓𝐫𝐞𝐧𝐝𝐬

The edged computing market for Europe region is further expected to grow at a CAGR of around 35% from 2024 to 2030 due to the growing IoT technology; which has experienced a huge demand for data processing. Current industries in the region such as IT & Telecom, healthcare, retail, transportation & logistics, energy & utilities among others are being used to provide rich prospects to the market. Furthermore, increased internet network across the region is likely to propel the market at a higher growth trend in the future.

𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧:

In this section, we provide a breakdown of the Edge Computing Market into segments based on different criteria, including the type of analysis, industry verticals, and geographic regions.

Edge Computing Market by Component Type, 2020-2029, (Usd Billion)

Hardware Services

Software Services

Edge-Managed Platforms

Edge Computing Market by Vertical, 2020-2029, (Usd Billion)

Industrial

Energy & Utilities

Healthcare

Agriculture

Transportation & Logistics

Retail

Datacenters

Wearables

Smart Cities, Smart Homes, Smart Buildings

Edge Computing Market by Application, 2020-2029, (Usd Billion)

Iiot

Remote Monitoring

Content Delivery

Video Analytics

Ar/Vr

Other

𝐊𝐞𝐲 𝐐𝐮𝐞𝐬𝐭𝐢𝐨𝐧𝐬 𝐂𝐨𝐯𝐞𝐫𝐞𝐝 𝐢𝐧 𝐄𝐝𝐠𝐞 𝐂𝐨𝐦𝐩𝐮𝐭𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐩𝐨𝐫𝐭:

What is the present Edge Computing market size in terms of revenue and volume, and how much growth is expected during the forecast period?

Which are the key developments that are anticipated to stimulate Edge Computing market trends?

Which factors will trigger product demand and how much product consumption is estimated?

What are the upcoming business opportunities and restraints?

Which region will dominate the global Edge Computing market share?

𝐓𝐨𝐩 𝐓𝐫𝐞𝐧𝐝𝐢𝐧𝐠 𝐑𝐞𝐩𝐨𝐫𝐭𝐬:

𝐑𝐞𝐭𝐚𝐢𝐥 𝐂𝐥𝐨𝐮𝐝 𝐌𝐚𝐫𝐤𝐞𝐭

The global retail cloud market size is expected to grow at more than 19.43 % CAGR from 2024 to 2030. It is expected to reach above USD 104.15 billion by 2029 from a little above USD 21.21 billion in 2020.

https://exactitudeconsultancy.com/reports/15624/global-retail-cloud-market/

𝐂𝐥𝐨𝐮𝐝 𝐆𝐚𝐦𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭

The cloud gaming market is expected to grow at 43.4 % CAGR from 2024 to 2030. It is expected to reach above USD 18.44 billion by 2030 from USD 1.02 billion in 2021.

https://exactitudeconsultancy.com/reports/23322/cloud-gaming-market/

𝐈𝐨𝐓 𝐒𝐞𝐜𝐮𝐫𝐢𝐭𝐲 𝐌𝐚𝐫𝐤𝐞𝐭

The IoT Security Market is expected to grow at 22.1% CAGR from 2024 to 2030. It is expected to reach above USD 71.60 billion by 2029 from USD 11.87 billion in 2020.

https://exactitudeconsultancy.com/reports/16133/iot-security-market/

𝐇𝐚𝐝𝐨𝐨𝐩 𝐁𝐢𝐠 𝐃𝐚𝐭𝐚 𝐀𝐧𝐚𝐥𝐲𝐭𝐢𝐜𝐬 𝐌𝐚𝐫𝐤𝐞𝐭

The global Hadoop big data analytics market is expected to grow at 12.80% CAGR from 2020 to 2029. It is expected to reach above USD 43.17 Billion by 2029 from USD 14.60 Billion in 2020.

https://exactitudeconsultancy.com/reports/16549/hadoop-big-data-analytics-market/

𝐒𝐦𝐚𝐫𝐭 𝐌𝐚𝐧𝐮𝐟𝐚𝐜𝐭𝐮𝐫𝐢𝐧𝐠 𝐏𝐥𝐚𝐭𝐟𝐨𝐫𝐦 𝐌𝐚𝐫𝐤𝐞𝐭

The global Smart Manufacturing Platform Market size is estimated to be valued at USD 93.7 billion in 2021 and is projected to reach USD 261.6 billion by 2028, recording a CAGR of 15.8%.

https://exactitudeconsultancy.com/reports/1845/smart-manufacturing-platform-market/

𝐃𝐢𝐠𝐢𝐭𝐚𝐥 𝐖𝐨𝐫𝐤𝐩𝐥𝐚𝐜𝐞 𝐌𝐚𝐫𝐤𝐞𝐭

The Digital Workplace Market is expected to grow at 21.1% CAGR from 2024 to 2030. It is expected to reach above USD 123.51 Billion by 2029 from USD 22.05 Billion in 2020.

https://exactitudeconsultancy.com/reports/15956/digital-workplace-market/

𝐏𝐡𝐨𝐭𝐨𝐧𝐢𝐜 𝐈𝐧𝐭𝐞𝐠𝐫𝐚𝐭𝐞𝐝 𝐂𝐢𝐫𝐜𝐮𝐢𝐭 (𝐈𝐂) 𝐀𝐧𝐝 𝐐𝐮𝐚𝐧𝐭𝐮𝐦 𝐂𝐨𝐦𝐩𝐮𝐭𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭

The photonic integrated circuit (IC) and quantum computing market is expected to grow at 29 % CAGR from 2024 to 2030. It is expected to reach above USD 7765.6 million by 2029 from USD 785 million in 2020.

https://exactitudeconsultancy.com/reports/23900/integrated-circuit-ic-and-quantum-computing-market/

𝐀𝐜𝐭𝐢𝐨𝐧 𝐂𝐚𝐦𝐞𝐫𝐚𝐬 𝐌𝐚𝐫𝐤𝐞𝐭

The global action cameras market size is projected to grow from USD 4.86 billion in 2023 to USD 13.9 billion by 2030, exhibiting a CAGR of 16.2% during the forecast period.

https://exactitudeconsultancy.com/reports/40126/action-cameras-market/

𝐅𝐢𝐛𝐞𝐫 𝐎𝐩𝐭𝐢𝐜 𝐂𝐨𝐮𝐩𝐥𝐞𝐫 𝐌𝐚𝐫𝐤𝐞𝐭

The global fiber optic coupler market is expected to grow at a 10.72% CAGR from 2024 to 2030. It is expected to reach above USD 10.5 billion by 2029 from USD 4.2 billion in 2020.

https://exactitudeconsultancy.com/reports/10762/fiber-optic-coupler-market/

𝐅𝐢𝐛𝐞𝐫 𝐎𝐩𝐭𝐢𝐜 𝐑𝐨𝐮𝐭𝐞𝐫𝐬 𝐌𝐚𝐫𝐤𝐞𝐭

The global Fiber Optic Routers Market size is USD 12.85 Billion in 2020 and is expected to grow till USD 29.29 Billion by 2029, at a Compounded annual growth rate (CAGR) of 9.93%.

https://exactitudeconsultancy.com/reports/10803/fiber-optic-routers-market/

𝑾𝒆 𝒐𝒇𝒇𝒆𝒓 𝒄𝒖𝒔𝒕𝒐𝒎𝒊𝒛𝒂𝒕𝒊𝒐𝒏 𝒐𝒏 𝒕𝒉𝒆 𝑬𝒅𝒈𝒆 𝑪𝒐𝒎𝒑𝒖𝒕𝒊𝒏𝒈 𝒎𝒂𝒓𝒌𝒆𝒕 𝒓𝒆𝒑𝒐𝒓𝒕 𝒃𝒂𝒔𝒆𝒅 𝒐𝒏 𝒔𝒑𝒆𝒄𝒊𝒇𝒊𝒄 𝒄𝒍𝒊𝒆𝒏𝒕 𝒓𝒆𝒒𝒖𝒊𝒓𝒆𝒎𝒆𝒏𝒕𝒔:

https://exactitudeconsultancy.com/primary-research/

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