Global edge computing was valued USD 3.02 Billion in 2019 and is expected to reach around USD 15.81 Billion by 2026, at a CAGR approximately 26.80% for the forecast period from 2020 to 2026. Edge computing adds a layer of complexity to the business by requiring a diverse set of stakeholders for IT infrastructure, connectivity, application development, traffic delivery, and service management. Edge also brings together hardware and software solutions, as well as networking architecture, to suit a wide range of use cases across a variety of industries. An edge is projected to generate significant growth potential for new entrants in the near future, as the technology is still in the early stages of development and its implementation and operational models are still to mature.
Edge computing demand is predicted to skyrocket in the aftermath of the COVID-19 pandemic for the next three to four years, since the strain on expanding network infrastructure will not abate anytime soon. With work from home becoming the new normal and the healthcare system reaching critical mass with online consultations, network architecture that demands low-latency connectivity and high security is predicted to emerge. Telecom companies are anticipated to seize this opportunity, as the cost of adding additional switching facilities or establishing a full-scale data centre will outweigh the cost of edge facilities per unit. This cost advantage will hasten telecom companies’ migration to a large-scale data centre implementation in the coming years.
The top Leading Market Players Covered in this Report are : HPE, Cisco, Dell Technologies, IBM, Litmus Automation, SixSq Sarl, FogHorn Systems, Saguna Networks, MachineShop, and Altran among others..
The top players in the worldwide Edge Computing market are highlighted in the report. The report includes a full description of the important players, including their operating profits, functional areas, competitive landscape, and recent developments. Whereas, regional presence, expenditure on research & development projects, distributors, and the range of services offered are all taken into account when conducting a competitive analysis. These prominent players were also chosen based on the aforementioned characteristics. All of these elements will enable the user to concentrate on the most important parameters and set objectives in order to be competitive in the global market.
Market Segmentation By Types – Type I, Type II, Others
Market Segmentation By Application – Content Delivery, Smart Cities, Remote Monitoring, Augmented Reality (AR) And Virtual Reality (VR), Industrial Internet Of Things (IIoT), And Other), By Organization Size (SMEs And Large Enterprises
The global market study is divided into segments and sub-segments depending on a variety of factors. Within the global Edge Computing market, several potential, ongoing trends for each segment and sub-segment are addressed. The chapter provides precise volume and value projections and calculations for the forecast period 2021-2027. This allows the user to focus on the most important corner of the industry and the variables that are driving its growth in the Edge Computing industry. The report study also explains why the other categories of the global market are growing at such a slow or constant pace.
The global Edge Computing market is divided into five major regions: North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. The regional data offered in the study will assist the user in classifying notable worldwide Edge Computing market opportunities that exist in various areas and nations. The study also includes an analysis of revenue and volume in each area, as well as their respective countries.
COVID-19 Impact analysis
The influence of the COVID-19 pandemic crisis on market scenarios is the basis for the Covid-19 analysis. This contains the financial impact of the Covid-19 outbreak on the market segments, regional markets, and entire industry. The research also includes a full impact analysis that takes into account all government policies enacted during the pandemic period, interim shutdowns of production units, the current incarnation of the supply chain, and their potential impacts on overall market growth. The market research on COVID-19 impact analysis will aid users in comprehending global demand for products & services and thus implementing an effective business strategy to compete with competitors.
Who will get the benefit of this report?
The study prepared by Zion Market Research can benefit small & large manufacturers, private equity firms, investors, government organizations, suppliers, and retailers functioning in the global Edge Computing market. The study presents market analysis in a straightforward style that is simple to read and comprehend. This would also aid entrepreneurs in comprehending all aspects of the worldwide Edge Computing market.
Why should buy this report from Zion?
The Zion Market Research study on the Edge Computing market is a thorough analysis incorporating numerous elements that are crucial to the market’s growth and dynamics. The crucial facts and data provided in the research for the Edge Computing market for the projected period of 2021-2027 will serve as a helpful resource for users seeking direction in making decisions to strengthen their present position in the market or enter the industry.
The Zion Market Research is based on the combination, evaluation, and comprehension of data about the global market acquired from many sources. The research analyst’s vision is formed from primary and secondary research in order to present a comprehensive picture of the market. The global Edge Computing market research was created by taking into account major driving drivers, prospective threats, important revenue pockets, and the most recent trends & prospects.