According to IMARC Group's latest report, titled "Edge Computing Market Report: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026," the global edge computing market exhibited robust growth during 2015-2020. Looking forward, the market is expected to grow at a CAGR of 30% during 2021-2026.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Edge computing refers to the computing infrastructures that transfer different processes from the cloud to local devices, such as a user's computer, an edge server, Internet-of-Things (IoT)-based devices, etc. It reduces the operational latency caused by long-distance communication between the client and the server, thereby improving the efficiency of the process. Consequently, numerous organizations opt for edge computing owing to its controlled bandwidth requirement, reduced operational costs, limited server resources, etc.
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The growing incorporation of IoT and associated devices to enhance connectivity and transfer data to and from the cloud is primarily driving the edge computing market. Additionally, several telecom companies across the globe are adopting multi-access edge computing (MEC) to improve application performance and reduce network congestion, which is further propelling the product demand. Apart from this, the emergence of faster networking technologies, such as 5G wireless, is further augmenting the application of edge computing systems in artificial intelligence (AI), video processing and analytics, autonomous vehicles, robotics, etc. Furthermore, the sudden outbreak of the COVID-19 pandemic is encouraging the utilization of these solutions by various organizations owing to the rising number of employees working from home. This is further expected to catalyze the edge computing market in the coming years.
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List of Key Companies Covered in this Market Report:
- ABB Ltd.
- Amazon Web Services (AWS) Inc.
- Cisco Systems Inc.
- Digi International Inc.
- General Electric Company
- Hewlett Packard Enterprise Development LP
- Huawei Technologies Co. Ltd.
- IBM Corporation
- Intel Corporation
- Microsoft Corporation
- SAP SE
- Siemens AG.
The report has segmented the market on the basis of component, organization size, vertical and geography.
Breakup by Component:
Breakup by Organization Size:
- Small and Medium-sized Enterprises (SMEs)
- Large Enterprises
Breakup by Vertical:
- Energy and Utilities
- Government and Defense
- Media and Entertainment
- Retail and Consumer Goods
- Transportation and Logistics
- Healthcare and Life Sciences
Breakup by Geography:
- North America (U.S. & Canada)
- Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
- Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
- Latin America (Brazil, Mexico)
- Middle East & Africa
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Key highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021- 2026)
- Porter's Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
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