Surge in Demand: Edge Computing Market Growth at 10.90% CAGR by 2030

December 11, 2024 akio01

Overview of Edge Computing Market Size & Future Outlook

According to the latest report by MarkNtel Advisors, the Global Edge Computing Market is estimated to grow at a CAGR of around 10.90% from 2025-2030. This report is designed to enhance user understanding and support informed decision-making by thoroughly analyzing key market shifts, identifying gaps, exploring emerging opportunities, and assessing industry trends and competitive challenges. By combining both qualitative and quantitative data, it offers a comprehensive overview, highlighting growth prospects and providing valuable insights into competitors, helping both established companies and new entrants navigate the current market landscape.

If you’re interested in the assumptions considered in this study, you can download the PDF brochure- https://www.marknteladvisors.com/query/request-sample/global-edge-computing-market.html

What are the key drivers influencing the growth of the Edge Computing market?

This section provides a detailed analysis of the market drivers and factors is explored thoroughly below.

Growth of 5G Networks Augmenting Edge Computing Industry – Compared to earlier generations of mobile networks, 5G networks offer significantly faster data transfer rates, reduced latency, and improved network dependability. This makes data transfer between edge devices and centralized data centers more effective and seamless. The demand for edge computing solutions to handle and analyze the massive amounts of data created by IoT devices, smart sensors, and other connected devices at the edge of the network is rising as 5G becomes more widely used.

By processing data locally and eliminating the need to transport massive amounts of data back and forth to centralized servers, edge computing helps to relieve network congestion. Consequently, the infrastructure required to cloudedge support cutting-edge technologies like augmented reality, driverless cars, and smart cities is made possible by the combination of 5G and edge computing, fueling the revenue growth of the Edge Computing Market.

How is the Edge Computing market segmented and what are the key factors within each segment?

The Edge Computing market has been further segmented into distinct categories. Analyzing growth within these segments allows you to identify niche opportunities, develop targeted strategies, and understand the variations in your core application areas and target markets.

By Component

Solution
- Hardware
  - Sensors/Routers
  - Edge Nodes/Gateways
- Software
- Platforms
Services

By Application

Connected Vehicles
Smart Devices
Remote Monitoring
Industrial Internet of Things
Augmented & Virtual Reality
Smart Cities
Content Delivery
Others

By End Users

Energy & Utilities
Healthcare & Lifesciences
Transportation & Logistics
Manufacturing
Retail & Consumer Goods
IT & Telecom
Government & Defense
Others

By Organization Size

Small
Medium
Large

By Region

North America
South America
Europe
Middle East & Africa
Asia-Pacific.

Browse Full Report Along with TOC and Figures –https://www.marknteladvisors.com/research-library/global-edge-computing-market.html

Who are the Key Market Players in the Edge Computing industry?

The competitive landscape of the Edge Computing market provides a detailed look at the key players in the industry. This includes an overview of each company, their financial performance, revenue generation, and market potential. It also covers their investments in R&D, new market initiatives, production facilities, and strengths and weaknesses. Additionally, the analysis looks at recent product launches, approvals, the range of products offered, their dominance in different applications, and the product life cycle. All of this information is specifically focused on how each company is positioning itself within the market.

Several key players are actively operating in the market, including

IBM Corporation
Amazon Web Services
Cisco Systems, Inc.
Huawei Technologies Co. Limited
ABB Group
Intel Corporation
Microsoft Corporation
SAP SE
Hewlett Packard Enterprise Development LP
AT&T Inc.
Rockwell Automation Inc.
Atos SE
Digi International Inc.
General Electric Company
ADLINK Technology Inc.

Market Advancement by Leading Companies:

In February 2023: Cisco Systems Inc. introduced Cisco Edge Intelligence, a technology that enhances data governance and management and extracts smart insights from networked assets to boost an organization’s competitiveness.

Note – If there are any particular details you need that are not currently included in the report, we will be happy to provide them as part of our customization services.

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