#Edge Computing Market

[foryourinformationhere]

This report analyzes key players, including their market share, market size, growth drivers, and company profiles. The purpose of this research report is to provide an in-depth analysis of the market overview, prevalent trends, demand, and recent changes that are affecting the global edge computing market.

The study also discusses product launches, market expansion, strategic growth analysis, market potential analysis, and technological advancements. It provides market size, prospective expansion, trends, and leading competitors' expansion plans.

With the help of this report, you will be able to gain insight into the competitors' positioning, market scope, growth potential, and future prospects.

Our report provides in-depth insights into the leading players in the global edge computing market for the next few years. To gain a stronghold in the global edge computing market, these key participants have adopted various business strategies. As a result, other businesses can gain a better understanding of how market leaders maintain dominance and expand their customer bases to secure a majority share.

There are a number of major players in the edge computing market, including:

AT&T Inc., Amazon Web Services (AWS), Cisco Systems Inc., Fujitsu Limited, Dell Inc., IBM Corporation, Huawei Technologies Co. Ltd., Hewlett Packard Enterprise (HPE), Nokia Corporation, Microsoft Corporation

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As part of this study, we will examine how COVID-19 impacted and altered the global edge computing market market environment. Demand, consumption, transportation, consumer behavior, supply chain management, exports, imports, and manufacturing are among the factors considered in the study. Furthermore, analysts have highlighted the elements that can help businesses identify opportunities in the near future and stabilize the industry.

Some of the key advantages discussed in this study report are a neutral outlook on market performance, recent industry trends, competitive landscapes and key players' strategies, potential and niche segments, and geographical regions contributing to promising growth.

Furthermore, the report provides historical, current, and future market sizes, along with a geographical forecast.

Depending on their industry verticals, the global edge computing market is divided into:

Energy & Utilities

Government & Public Sector

Healthcare

Manufacturing

Media & Entertainment

Transportation

Retail

Telecom & IT

Others

Global edge computing market applications can be categorized into:

Connected Cars

Smart Grids

Critical Infrastructure Monitoring

Traffic Management

Environmental Monitoring

Augmented Reality

Assets Tracking

Security & Surveillance

Others 

A comprehensive analysis of all of the critical features of the global edge computing market industry has been conducted in the latest study. Market size, competition, development trends, niche markets, market drivers and challenges, SWOT analysis, Porter's five forces analysis, value chain analysis, and so on are covered from a macro-level to a micro-level.

According to the report, markets are categorized based on their component, industry verticals, organization size, applications, and regions, among other factors.

In order to be able to target products, sales, and marketing strategies accordingly, decision-makers must be familiar with the market segments. Businesses can advance product development by being guided on how to develop products tailored to meet the needs of different market segments.

Key stakeholders can use this market research report to develop plans for supporting the company's success by using statistics, tables, and graphs. It provides an in-depth analysis of the edge computing market across all major geographic regions, including North America, Asia-Pacific, Latin America, the Middle East, and Africa.

This report examines the dynamics of several regions in order to gain a clearer picture of the global market.

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[letsvishu]

Edge Computing Market worth $110.6 billion by 2029, growing at a CAGR of 13.0%

Report define, describe, and forecast the Edge computing market basis component (hardware, software, services), application, organization size, vertical, and region.

[thenicheresearchde]

Exploring the Impact of Edge Computing on the Metaverse Market

As the digital landscape continues to evolve, two emerging technologies are gaining significant traction: Edge computing and the Metaverse. These advancements are not only reshaping the way we interact with technology but also transforming entire industries. To understand the full scope of these developments, Market research data becomes essential. This is where companies like The Niche Research play a pivotal role, offering insights into the rapidly growing Edge computing market and its implications for the Metaverse market.

Edge Computing and Its Growing Influence

Edge computing is revolutionizing the way data is processed and analyzed. Unlike traditional cloud computing, where data is sent to a central server for processing, Edge computing brings the processing power closer to the source of data. This reduces latency, enhances real-time decision-making, and improves overall efficiency. As more devices become connected through the Internet of Things (IoT), the demand for Edge computing solutions is expected to surge.

According to recent Market research data, the Edge computing market is projected to witness substantial growth in the coming years. This growth is driven by the need for faster data processing, especially in applications that require low latency, such as autonomous vehicles, smart cities, and industrial automation. The Niche Research highlights that industries across the board are recognizing the value of Edge computing, leading to increased investments and innovations in this space.

The Metaverse: A New Frontier for Edge Computing

The Metaverse market is another area where Edge computing is set to play a crucial role. The Metaverse refers to a collective virtual shared space, created by the convergence of virtually enhanced physical reality and physically persistent virtual reality. It is a digital universe where users can interact, socialize, and conduct business in a virtual environment.

To ensure a seamless and immersive experience within the Metaverse, low latency and high computational power are essential. This is where Edge computing comes into play. By processing data closer to the user, Edge computing minimizes delays and enhances the real-time interaction capabilities of the Metaverse. As a result, the growth of the Metaverse market is closely tied to advancements in the Edge computing market.

The Role of Market Research in Navigating These Markets

Understanding the dynamics of the Edge computing market and the Metaverse market requires comprehensive and accurate Market research data. The Niche Research provides valuable insights into these emerging markets, helping businesses and investors make informed decisions. By analyzing trends, consumer behavior, and technological advancements, The Niche Research equips its clients with the knowledge they need to navigate these complex markets successfully.

In conclusion, the intersection of Edge computing and the Metaverse represents a new era of technological innovation. As these markets continue to grow, the importance of reliable Market research data cannot be overstated. Companies like The Niche Research are at the forefront, providing the insights needed to capitalize on the opportunities within the Edge computing market and the Metaverse market.

[adityarana1687-blog]

Edge Computing Market Likely To Reach Beyond $155.90 Billion By 2030

The global edge computing market size is expected to reach USD 155.90 billion by 2030, and is expected to expand at 37.9% CAGR from 2023 to 2030, according to a new report by Grand View Research, Inc. Artificial Intelligence (AI) integration into the edge environment is projected to drive market growth. An edge AI system is estimated to help businesses make decisions in real time in milliseconds. The need to minimize privacy concerns associated while transmitting large amounts of data, as well as latency and bandwidth issues that limit an organization's data transmission capabilities, are factors projected to fuel market growth in the coming years.

Machinery control and precision monitoring are a few use cases that are well-suited for AI on the edge. The latency requirement for a fast-running production line must be maintained to a bare minimum, which can be accomplished by using edge computing. Bringing data processing closer to the manufacturing facility can prove to be extremely important, which can be accomplished using AI. Artificial intelligence-based edge devices can be utilized in a wide range of end-point devices, including sensors, cameras, smartphones, and other IoT devices.

Moreover, the telecom edge is estimated to grow exponentially over the projected period. The telecom edge executes computing adjacent to the telco's mini-data centers, which are operated on the telco-owned property. Several telecom operators, including Telstra and Telefonica, are developing prototypes and pilot projects of open-access networks integrated with edge computing. Edge will be at the forefront of the telecom industry once 5G technology is fully deployed. The telecom industry is in a great position to enhance edge computing, but telecom businesses risk being abridged by irrelevant edge suppliers if they do not move up the value chain.

Presently, Edge computing use cases have outpaced initial infrastructure deployments, and are projected to provide momentum to edge computing infrastructure and use case investments. Edge computing is predicted to become more ubiquitous and evolve toward platform-centric solutions over the projection period. With this development, edge platforms can reduce the infrastructure intricacy using orchestration software and sophisticated management, and provide user-friendly environments for programmers to implement innovative edge services and applications.

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Edge Computing Market Report Highlights 

Over the projected period, the edge server segment is expected to be the booming hardware segment. The increased demand for edge servers throughout several industrial verticals accounts for the segment's promising growth prospects

In terms of application, the AR/VR segment is projected to progress at a substantial CAGR because of the developing cellular network, which offers potential development for edge computing. For instance, to provide a high-quality VR experience to users, Ericsson has improved its radio infrastructure and 5G core

In terms of industry vertical, the data center segment is projected to experience the highest CAGR over the estimated period. This can be ascribed to the fact that edge data centers overcome inconsistent connections and compute and store data close to the end-user

The Asia Pacific region is anticipated to expand at the highest CAGR over the estimated period due to the advent of 5G in the region and the increasing number of IoT-incorporated devices. The evolution of telco edge infrastructure to support 5G-enabled applications is expected to be accelerated by the launch of 5G networks

Edge Computing Market Segmentation

Grand View Research has segmented the global edge computing market based on component, application, industry vertical, and region:

Edge Computing Component Outlook (Revenue, USD Million, 2018 - 2030)

Hardware

Hardware By Type

Edge Nodes/Gateways (Servers)

Sensors/Routers

Others

Hardware By End-Point Devices

Cameras

Drones

HMD

Robots

Others

Software

Services

Edge-managed Platforms

Edge Computing Application Outlook (Revenue, USD Million, 2018 - 2030)

IIoT

Remote Monitoring

Content Delivery

Video Analytics

AR/VR

Others

Edge Computing Industry Vertical Outlook (Revenue, USD Million, 2018 - 2030)

Industrial

Energy & Utilities

Healthcare

Agriculture

Transportation & Logistics

Retail

Datacenters

Wearables

Smart Cities, Smart Homes, Smart Buildings

Edge Computing Regional Outlook (Revenue, USD Million, 2018 - 2030)

North America

U.S.

Canada

Europe

Germany

U.K.

Asia Pacific

China

India

Japan

Latin America

Brazil

Mexico

Middle East & Africa

List of Key Players in the Edge Computing Market

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.

[ustechbog]

The edge computing market size is expected to be valued at $13.9 billion in 2023 and is expected to grow at a CAGR of 16.6% over the forecast period The increasing adoption of the internet of things (IoT) and 5G technology is expected to bode well for market growth over the forecast period. Furthermore, investments by telecom companies for the modernization of networks are anticipated to drive market growth over the next few years.

[futuretonext]

The Global Edge Computing Market is projected to grow at a CAGR of around 30% during the forecast period, i.e., 2023-28. The market ascension is attributable to surging government investment in smart city projects, the rising adoption of smart devices and connected vehicles by consumers, and the rollout of super-fast networking technologies, such as 5G wireless technology.

[businessintelligenceinsightsblog]

Global Edge Computing Market is expected to grow from USD 34.10 billion in 2021 to USD 123.89 billion by 2030, at a CAGR of 17.50% during the forecast period 2022-2030

[reportstore]

Stadiums gain ground as test beds for new edge computing applications

Sports arenas, show arenas, and other large occasions settings are ready to become significant areas for the utilization of edge computing, a growing IT pattern that involves the utilization of neighborhood, on location information processing capacities. The capacity to handle information locally, at "the edge", instead of sending it to a cloud server farm for processing, makes it conceivable to run new computerized administrations and applications that rely upon elevated degrees of execution (for example superior quality streaming video) or continuous information processing (for example constant information examination connected with a particular sports occasion).

Edge computing is now being utilized in arenas and large occasion scenes around the world, including those in China, Qatar, the US, Australia, France, Germany, and the Unified Kingdom. Up to this point a few wide patterns are obvious:

Arenas are ideal settings for edge computing

The existing or intended use, first and foremost, cases for edge computing within significant occasion scenes are expansive and include continuous information processing for group and arena the executives, and the sending of "crowd insight" applications like top quality (HD) video streaming, constant player examination, or applications in light of virtual or expanded reality (VR/AR). For instance, the SoFi arena in Los Angeles utilizes edge computing and networking technologies from Cisco to convey streaming media and other advanced content to crowds. In Germany in the mean time, Vodafone as of late allowed 1,000 football fans to test a new 5G application at Leipzig's Red Bull Arena. The new application, which likewise runs on edge computing, allows fans to get to constant information and match insights through their smartphones.

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Besides, early use cases that involve edge computing feature a more extensive pattern by which specialist co-ops team up with environment partners and combine a few technologies to empower genuine use cases. In Qatar, Ooredoo is working with Dell Technologies and Ericsson and to prepare the scenes that will have the 2022 World Cup games with edge computing abilities and increased 5G organization limit. In Australia, Telstra is working with Google and Accenture to convey new "virtual encounters" in view of edge and different technologies at Melbourne's Marvel Arena. And in the US, Verizon as of late partnered with Outrageous Organizations to target emerging technology valuable open doors at arenas using a combination of 5G, high thickness Wi-Fi, and multi-access edge computing (MEC).

Enabling technology

These models show one more significant point: within sports arenas and other significant scenes edge computing is commonly conveyed as an enabling technology close by things, for example, 5G or Wi-Fi 6 networking, IPTV, VR/AR, or Internet of Things (IoT) sensors for information assortment.

Finally, a considerable lot of the existing utilizations of edge computing in large occasion arenas are undeveloped, with some still in the early testing stages. For instance, in France's Stade Vélodrome in Marseille, Orange Business Administrations is testing the potential for various use cases that will combine the most recent 5G, edge computing, and IoT technologies.

These will include swarm the executives, offices the board, and new crowd encounters that could likewise use 8K video streaming and VR/AR headsets. In the mean time, in China, Intel, China Unicom, Nokia and Tencent Cloud have been working together to preliminary MEC-based Edge Video Arrangement administrations at Shanghai's Mercedes-Benz Arena. On the off chance that fruitful, a portion of these early use instances of edge computing are almost certain to be expanded to help more refined use cases or imitated somewhere else in other large scenes.

[prajwal-agale001]

How Instant Data Centers are Revolutionizing IT Infrastructure

The global micro data centers market is projected to grow at a remarkable compound annual growth rate (CAGR) of 20.2% from 2024 to 2031, reaching an estimated value of $37.6 billion by 2031, according to the latest report from Meticulous Research®. The surge in demand for real-time, low-latency applications and services, alongside the increasing need for efficient data collection and management, is fueling this rapid market expansion.

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However, the market faces challenges such as the high initial capital investment required to establish micro data centers (MDCs). Despite this, the increasing proliferation of cloud-based services, along with the exponential growth of IoT devices, is creating substantial growth opportunities for market participants. At the same time, concerns surrounding data privacy and security remain key hurdles for industry stakeholders to address.

Emerging trends, including the widespread adoption of 5G network services and the rising demand for edge micro data centers, are expected to significantly shape the future of this market.

Market Segmentation Overview

Offering: The micro data centers market is divided into two primary categories: solutions and services. Solutions—comprising indoor, cabinet, and container MDCs—are expected to dominate, accounting for over 62.0% of the market in 2024. This can be attributed to the growing need for localized computing resources to reduce latency in IoT applications, as well as the increasing demand for agile, high-performance IT infrastructure. Major advancements, such as the launch of Avant Technologies' branded micro data center in 2024, specifically designed for the AI and big data sectors, underscore the market's forward momentum.

On the other hand, the services segment, encompassing consulting, installation, deployment, and network security services, is projected to grow at the fastest rate. The rise of micro data centers as a cost-effective, scalable solution is prompting businesses to seek comprehensive services for rapid deployment and robust security measures, ensuring regulatory compliance and operational efficiency.

Organization Size: Larger enterprises are expected to lead the market in 2024, capturing a share of over 58.0%. MDCs are becoming integral to large organizations, helping reduce the risk of data breaches and ensuring compliance with data sovereignty regulations. These enterprises are leveraging MDCs for real-time data processing, seamless integration of advanced technologies, and minimizing downtime during system upgrades.

Meanwhile, small and medium-sized enterprises (SMEs) are anticipated to register a higher CAGR during the forecast period. MDCs are increasingly being adopted by SMEs as flexible, customizable solutions that enhance scalability, protect sensitive data, and offer cost-effective IT infrastructure options.

Application: Instant data centers are forecasted to hold the largest share of the market in 2024, at over 45.0%, owing to their high portability, ease of installation, and cost advantages compared to traditional data centers. The ability to provide low-latency compute capacity close to applications is critical for real-time data processing.

The edge computing segment, however, is set to experience the highest growth rate. With businesses striving for real-time data processing and higher bandwidth availability, MDCs deployed for edge computing applications offer a competitive advantage. These systems provide enhanced performance and lower latency by bringing data processing closer to where it is needed most.

End Users: Among the various industry verticals, the IT & telecom sector is expected to command the largest share of the market in 2024, at over 30.0%. The rapid deployment of 5G networks and increasing reliance on IoT technologies are prompting telecom companies to utilize MDCs to manage growing data loads while improving security and compliance.

The healthcare industry is forecast to witness the fastest growth, driven by the increasing demand for secure, compliant, and reliable data infrastructure. MDCs offer robust security features such as data encryption and access control, ensuring uninterrupted services for telemedicine and remote patient monitoring.

Regional Insights

North America will lead the market with a projected share of over 40.0% in 2024, attributed to the rising adoption of edge computing solutions and the demand for efficient data management across various industries. Major players such as Vertiv Group Corporation have launched innovative products like the Vertiv SmartCabinet 2M, a self-contained MDC designed for edge computing, reinforcing the region's dominant position.

Asia-Pacific is poised to register the highest CAGR of over 22.0% through 2031. Key factors driving this growth include the increasing government investment in MDCs to handle rising data volumes, alongside growing adoption by SMEs in the region seeking to bolster data protection and regulatory compliance.

Key Industry Players

Leading companies in the global micro data centers market include Schneider Electric SE (France), Vertiv Group Corporation (U.S.), Eaton Corporation plc (Ireland), Delta Electronics, Inc. (Taiwan), Hewlett Packard Enterprise (U.S.), Cannon Technologies Ltd (U.K.), and others. These companies are investing heavily in the development of MDC solutions tailored to the evolving needs of industries such as healthcare, telecom, manufacturing, and retail.

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[intelisync]

2024's Game-Changing Technologies for Metaverse Development

Picture a universe where virtual and physical worlds blend seamlessly, allowing you to interact with digital elements in real-time. As 2024 draws near, groundbreaking technologies are shaping this metaverse, making such interactions more immersive and dynamic than ever.

The metaverse, an expansive network of virtual environments, is evolving rapidly as we approach 2024, driven by several key technologies. Virtual Reality (VR) and Augmented Reality (AR) are at the forefront, enabling immersive experiences that blend the physical and digital worlds. VR technology has advanced significantly, offering users enhanced graphics, realistic simulations, and responsive feedback that create fully immersive digital environments.

AR enhances the physical world by overlaying digital information, enriching experiences in retail, healthcare, and entertainment through interactive and engaging environments.

Blockchain technology is essential for the metaverse, providing a secure and transparent method for managing digital assets and transactions. Non-fungible tokens (NFTs) allow users to own unique digital assets like virtual real estate and art, while smart contracts facilitate automated and secure transactions. The decentralized nature of blockchain promotes trust and reliability, making it a crucial component of the metaverse's infrastructure.

Artificial Intelligence (AI) further enhances user experiences by creating intelligent virtual agents, personalized interactions, and realistic simulations. AI-driven non-player characters (NPCs) provide engaging and adaptive experiences, and AI technologies enable natural language processing and speech recognition for seamless communication between users and virtual environments.

Edge computing and 5G technology are critical for the seamless operation of the metaverse. By bringing data processing closer to users, edge computing reduces latency and improves the responsiveness of virtual environments. 5G networks provide the high-speed internet required for real-time interactions, supporting scalable and complex virtual environments.

The Internet of Things (IoT) and spatial computing further enhance the metaverse by capturing physical movements and translating them into virtual actions, creating realistic and immersive experiences.

Elevate your business with Intelisync's cutting-edge metaverse solutions. Reach out to Intelisync today and learn how our advanced technologies in VR, AR, AI, and blockchain can revolutionize your operations, enhance customer engagement, and drive your Learn more...

[uptothetrendblogs]

Edge Computing in Healthcare Market

Edge computing has emerged as a crucial technology in the healthcare sector, offering real-time data processing and analysis at the point of care.  As healthcare organizations continue to prioritize digital transformation and data-driven decision-making, edge computing is poised to play a pivotal role in shaping the future of healthcare delivery and patient outcomes. In the age of digital transformation, healthcare is embracing innovative technologies to improve patient care, optimize operations, and enhance overall efficiency. One such technology making waves in the healthcare industry is edge computing. Edge computing holds immense potential to revolutionize healthcare by bringing data processing closer to the source, enabling real-time insights, and facilitating seamless connectivity. This article explores the role of edge computing in healthcare, its benefits, challenges, and real-world applications.

Further, in a study conducted by Intel, edge computing reduced the latency of medical image analysis from minutes to milliseconds, enabling faster diagnosis and treatment planning.

The University of California, San Francisco (UCSF) implemented edge computing solutions to analyze data from wearable sensors, leading to a 90% reduction in the time required for detecting patient deterioration in intensive care units.

[letsvishu]

Edge Computing on the Rise: Market Set to Reach $110.6 Billion by 2029

Report define, describe, and forecast the Edge computing market basis component (hardware, software, services), application, organization size, vertical, and region.

[marketwire]

Industrial Edge Computing Market - Forecast(2024 - 2030)

Industrial Edge Computing Market size is estimated to reach $11.5 billion by 2030, growing at a CAGR of 12.5% during the forecast period 2024-2030. The robust growth of IoT devices, surging demand for low-latency processing, and the rapid adoption of 5G technology are propelling the Industrial Edge Computing Market growth. There is a growing emphasis on integrating edge computing capabilities with IIoT devices and systems. This integration enhances the efficiency of industrial processes by enabling local data processing, analysis, and decision-making. It also helps in optimizing bandwidth usage and reducing the burden on central data centers. Additionally, the growing demand for remote monitoring and control is creating substantial growth opportunities for the Industrial Edge Computing Market. These factors positively influence the Industrial Edge Computing industry outlook during the forecast period.

Market Snapshot: Industrial Edge Computing Market - Report Coverage:

The “Industrial Edge Computing Market Report - Forecast (2024-2030)” by IndustryARC, covers an in-depth analysis of the following segments in the Industrial Edge Computing Market.

Attribute

Segment

By Deployment Type

Cloud Based

On-Premises

By Technology 

Edge Analytics

Edge Gateway

Edge Computing Hardware

Others

By Component

Hardware

Services

Software

By Application

Predictive Maintenance

Asset Tracking

Remote Monitoring

Others

By Industry Vertical  

Manufacturing

Healthcare

Energy and Utilities

Transportation and Logistics

Others

By Geography

North America (U.S., Canada and Mexico)

Europe (Germany, France, UK, Italy, Spain, Russia and Rest of Europe),

Asia-Pacific (China, Japan, South Korea, India, Australia & New Zealand and Rest of Asia-Pacific),

South America (Brazil, Argentina, Chile, Colombia and Rest of South America)

Rest of the World (Middle East and Africa).

COVID-19 /Ukraine Crisis - Impact Analysis:

●        The COVID-19 pandemic had a notable impact on the Industrial Edge Computing market. With supply chain disruptions and restrictions on movement, industries turned to edge computing for localized data processing and improved resilience. Remote monitoring and predictive maintenance solutions gained traction as companies sought to optimize operations and reduce on-site personnel. Additionally, the pandemic accelerated digital transformation, leading to increased adoption of edge computing to support remote work and ensure business continuity.

●        The Ukrainian crisis had notable implications for the Industrial Edge Computing market. Geopolitical tensions and economic uncertainties in the region disrupted supply chains and affected businesses globally. Companies heavily reliant on Ukrainian technology providers faced challenges, potentially leading to delays or disruptions in edge computing projects. Furthermore, the crisis brought renewed attention to data security and the need for localized processing in critical industries.

Key Takeaways:

●       Fastest Growth Asia-Pacific Region : Geographically, in the global Industrial Edge Computing Market share, Asia Pacific is analyzed to grow with the highes CAGR of 15.2% during the forecast period 2024-2030. The Increasing industrialization, rapid adoption of IoT and Industry 4.0 technologies, and rising demand for real-time data processing have driven the need for edge computing solutions in the region. Moreover, the deployment of 5G networks has enhanced the connectivity and enabled seamless data transmission, further boosting the adoption of edge computing in various industries across the Asia-Pacific region.

●       Asset Tracking is Leading the Market : According to the Industrial Edge Computing Market forecast, the Asset Tracking held the largest market share of 25.2% in 2023 owing to its wide-ranging applications and benefits. The ability to monitor and manage assets in real-time using edge computing solutions has become a critical requirement for industries seeking operational efficiency and cost optimization. Asset tracking solutions provide insights into asset location, utilization, and health, enabling better resource allocation and preventive maintenance.

●        The Robust Growth of IoT Devices : With an ever-increasing number of interconnected devices and sensors in various industries, there is a tremendous surge in data generation at the edge of the network. Edge computing addresses the need for real-time data processing, enabling rapid insights and decision-making. By processing data closer to the source, edge computing reduces latency, optimizes bandwidth usage, and enhances overall system efficiency. This critical synergy between IoT devices and edge computing solutions is propelling the industrial sector's adoption of edge computing technologies.

●       The Surging Demand for Low-Latency Processing : Industries increasingly rely on real-time data analysis for critical applications such as industrial automation, autonomous systems, and remote monitoring. Edge computing brings data processing closer to the source, reducing the time it takes to analyze and act on data. This capability is crucial for applications that require immediate response and minimal delay. As the need for low-latency processing grows, industrial sectors are turning to edge computing solutions to meet these demands, driving the widespread adoption of edge computing technologies in the market.

●       High Costs of Edge Computing Solutions Hamper the Market Growth : Implementing edge computing infrastructure and deploying edge devices can involve substantial upfront investments, which may deter some businesses from adopting these solutions. Additionally, maintenance and management costs further add to the overall expense. Industries, especially small and medium-sized enterprises (SMEs), may find it financially burdensome to adopt edge computing despite its benefits. Addressing the cost barriers and offering cost-effective solutions could encourage wider adoption and unlock the full potential of the industrial edge computing market.

                                   Industrial Edge Computing Market Share (%) By Region, 2022

Key Market Players:

Product/Service launches, approvals, patents and events, acquisitions, partnerships and collaborations are key strategies adopted by players in the Industrial Edge Computing Market. The top 10 companies in this industry are listed below

Amazon Web Services, Inc. (AWS IoT Greengrass, AWS Wavelength)

Google Cloud Platform(Google Cloud Edge TPU, Google Cloud IoT Edge)

Microsoft Azure (Azure IoT Edge, Azure Stack Edge)

International Business Machines Corporation (IBM Edge Gateway)

Cisco Systems, Inc.(Cisco Kinetic for Edge, Cisco IOx)

Hewlett Packard Enterprise Company(HPE Edgeline Converged Edge Systems)

Dell Inc.(Dell Edge Gateway, Dell Edge Insights)

Intel Corporation (Intel® Distribution of OpenVINO™ toolkit)

Advantech Co Ltd (Advantech EdgeNode, Advantech EdgeVisor)

Kontron AG (Kontron EdgeBox, Kontron Edge Device Manager)

Scope of the Report:

Report Metric

Details

Base Year Considered

2023

Forecast Period

2024–2030

CAGR

12.5%

Market Size in 2030

$11.5 billion

Segments Covered

Deployment Type, Technology, Component, Application, Industry Vertical and Region

Geographies Covered

North America (U.S., Canada and Mexico), Europe (Germany, France, UK, Italy, Spain, Russia and Rest of Europe), Asia-Pacific (China, Japan, South Korea, India, Australia, New Zealand and Rest of Asia-Pacific), South America (Brazil, Argentina, Chile, Colombia and Rest of South America), Rest of the World (Middle East and Africa).

Key Market Players

Amazon Web Services, Inc.

Google Cloud Platform

Microsoft Azure

International Business Machines Corporation

Cisco Systems, Inc.

Hewlett Packard Enterprise Company

Dell Inc.

Intel Corporation

Advantech Co Ltd

Kontron AG

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[mohitbisresearch]

The APAC Space-Based Edged Computing Market is expected to grow at a CAGR of 22.74% from $20.1 million in 2022 to $181.8 million by 2033 in the forecasted period of 2023-2033.

Space-based edge computing involves processing data directly on satellites or other spaceborne platforms, rather than transmitting the data back to Earth for processing. This approach reduces latency, enhances real-time data processing capabilities, and improves the efficiency of satellite operations.