Report Overview

Global Edge Computing Market- Industry Trends & Forecast Report 2028

The global edge computing market was worth USD 35.8 billion in 2021 and is further projected to reach USD 123.8 billion by the year 2028, growing at the CAGR of 19.40% during the forecast period. The market is growing at a high rate owing to the factors such as the rising adoption of IoT sensors and devices along with increasing internet accessibility and penetration of 5G for the transfer of data in cloud computing. Furthermore, rising government investment towards IT infrastructure development is also presenting lucrative growth opportunities to the market.

Edge Computing - Overview

Edge computing is a distributed computing paradigm, which is used for computation and data storage closer to the data sources. This helps in improving the response time as well as saves bandwidth. In simple words, edge computing is a topology and location-sensitive form of distributed computing. It proves to be very efficient in reducing the data volumes and therefore provides low latency and reduced transmission cost. Therefore, edge computing is extremely popular in cloud gaming that is played on mobile phones or VR glasses.

Global Edge Computing Market Forecast and Trends

Growth Drivers

Rising Integration of 5G Technologies

The telecommunication companies and governments of various countries are significantly investing in the establishment of 5G technologies in their respective regions. This is anticipated to proliferate the growth of the edge computing market in the upcoming years. The deployment of 5G networks will provide higher speed along with a dramatic reduction in latency. 5G networks combined with edge computing can bring the data processing closure to the location where it is being generated, eventually boosting the processing time.

Increasing Adoption Of Advanced Technologies

Advanced technologies such as the Internet of Things (IoT), machine learning, artificial intelligence, 5G, blockchain, etc., are gaining significant traction across various domains and is resulting in a tremendous surge in the volumes of data worldwide. According to an estimate by International Data Corporation (IDC), around 41.6 billion IoT devices are expected to be connected by 2025, which is projected to generate around 79.4 Zettabyte of data. This will boost the need for faster data processing to provide a real-time assessment. for this, edge computing will emerge as an effective solution, driving the overall market growth.

Restraints

High Risks of Security Breaches

Although edge computing offers strong security, it is practically not possible to completely evade the chances of data breaches and cybersecurity attacks. Each of the localized points of the edge network carries the concern of security breaches. This is because of the unavailability of in-built authentication and security tools in every edge device, which exposes them to potential attacks. This may act as a huge restraining factor for the growth of the global edge computing market.

Impact of COVID-19 on Global Edge Computing Market

The unprecedented COVID-19 pandemic outbreak provided lucrative growth opportunities to the global edge computing market. The global restrictions in the manufacturing and supply chains of various industries posed huge challenges to the operations of industries. To overcome these challenges, the enterprises leveraged advanced technologies including 5G and edge computing for remote monitoring access of their operations. Furthermore, edge computing proved to be useful in the healthcare sector as well owing to the surge in the scope of telemedicine and remote patient monitoring during the peak of the COVID-19 pandemic.

Global Edge Computing Market - By Component

Based on components, the global edge computing market is segmented into hardware, software, and services. The hardware segment accounts for the largest market share and is also projected to witness the highest growth rate during the forecast period as well owing to the rising adoption of IoT into operations. The demand for IoT devices, sensors, and other connected devices is projected to surge in the forecast period as IoT is gaining traction among SMEs. However, the software segment also covers a substantial market share.

Global Edge Computing Market - By Application

Based on application, the global edge computing market is categorized into smart cities, industrial internet of things, remote monitoring, content delivery, augmented reality and virtual reality, and other applications. The Industrial Internet of Things (IIoT) segment accounts for the largest market share owing to the robust digitization in the manufacturing sector. Furthermore, expanding Industry 4.0 initiative is also focusing on advancing the adoption of edge computing and other technologies in the industrial application to overcome operational disruption challenges.

Global Edge Computing Market - Regional Insights

Geographically, the global edge computing market is segmented into North America, Europe, Asia-Pacific, Latin America, Middle-East & Africa. North America dominates the edge computing market owing to the rising adoption of IoT systems and other cutting-edge technologies among various verticals, especially in the manufacturing sector. Furthermore, the high concentration of leading market players such as Google, Amazon Web Services, Cisco, etc., and increasing investment towards the establishment of hyperscalers is anticipated to present lucrative growth opportunities to the market in the forecast period.

Competitive Landscape

The leading market players of the edge computing market are Cisco Systems, Inc., Microsoft Corporation, IBM Corporation, Huawei Technologies Co., Ltd., Intel Corporation, Hewlett Packard Enterprise, ClearBlade, Inc., Amazon Web Services Inc., Google LLC, General Electric Company, FogHorn Systems, ADLINK Technology Inc., Juniper Networks Inc., EdgeIQ, Juniper Networks Inc., Altran Group, Dell Technologies Inc., Honeywell International Inc., Digi International Inc., Sierra Wireless, Belden Inc., Moxa Inc., Atos SE, and other prominent players.

The global edge computing market is highly consolidated and concentrated due to the presence of multinational conglomerates such as Cisco, Microsoft, Google, IBM, etc. However, several startups are also emerging with small and micro-scale data centers. The companies constantly launch new products and offerings to gain a competitive edge. Furthermore, the adoption of competitive strategies such as partnerships, mergers, acquisitions, collaborations, etc., is also prominent in this market.

Recent Development

• In February 2022, HARMAN, a subsidiary of Samsung Electronics Co. Ltd., announced HARMAN Savari MECHWAVE, an industry-first multi-access edge compute (MEC) software platform.
• In December 2021, Verizon Communications Inc., an American multinational telecommunications conglomerate, announced its 5G Edge computing partnership with Google Cloud and Ericsson.

Scope of the Report

By Component

• Hardware
• Software
• Services

By Application

• Smart Cities
• Industrial Internet Of Things
• Remote Monitoring
• Content Delivery
• Augmented Reality And Virtual Reality
• Other Applications

By Organization Size

• Small And Medium-Sized Enterprises
• Large Enterprises

By Vertical

• Manufacturing
• Energy And Utilities
• Government And Defense
• Telecommunications
• Media And Entertainment
• Retail And Consumer Goods
• Transportation And Logistics
• Healthcare And Life Sciences
• Other Verticals

By Region

• North America
• Europe
• Asia-Pacific (APAC)
• Latin America (LATAM)
• Middle East & Africa (MEA)

1. Research Framework
   1. Research Objective
   2. Product Overview
   3. Market Segmentation
2. Research Methodology
   1. Qualitative Research
      1. Primary & Secondary Research
   2. Quantitative Research
   3. Market Breakdown & Data Triangulation
      1. Secondary Research
      2. Primary Research
   4. Breakdown of Primary Research Respondents, By Region
   5. Assumption & Limitation
3. Executive Summary
4. Global Edge Computing Market Insights
   1. Industry Value Chain Analysis
   2. DROC Analysis
      1. Growth Drivers
      2. Restraints
      3. Opportunities
      4. Challenges
   3. Technological Landscape/Recent Development
   4. Regulatory Framework
   5. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of New Entrants
      4. Threat of Substitutes
      5. Intensity of Rivalry
5. Global Edge Computing Market Overview
   1. Market Size & Forecast by Value, 2018-2028
      1. By Value (USD Million)
   2. Market Share & Forecast
      1. By Component
         1. Hardware
         2. Software
         3. Services
      2. By Application
         1. Intelligent Virtual assistants Smart Cities
         2. Industrial Internet of Things (IIoT)
         3. Remote Monitoring
         4. Content Delivery
         5. Augmented Reality (AR) and Virtual Reality (VR)
         6. Others (autonomous vehicles, drones, and gaming)
      3. By Organization Size
         1. Large enterprises
         2. Small and medium-sized enterprises (SMEs)
      4. By Vertical
         1. Retail and eCommerce Manufacturing
         2. Energy and Utilities
         3. Government and Defense
         4. Telecommunications
         5. Others
      5. By Region
         1. North America
         2. Europe
         3. The Asia Pacific
         4. Latin America
         5. The Middle East and Africa
6. North America Edge Computing Market
   1. Market Size & Forecast by Value, 2018-2028
      1. By Value (USD Million)
   2. Market Share & Forecast
      1. By Component
      2. By Application
      3. By Organization Size
      4. By Vertical
      5. By Country
         1. United States
         2. Canada
7. Europe Edge Computing Market
   1. Market Size & Forecast by Value, 2018-2028
      1. By Value (USD Million)
   2. Market Share & Forecast
      1. By Component
      2. By Application
      3. By Organization Size
      4. By Vertical
      5. By Country
         1. Germany
         2. United Kingdom
         3. Italy
         4. France
         5. Spain
         6. Rest of Europe
8. Asia Pacific Edge Computing Market
   1. Market Size & Forecast by Value, 2018-2028
      1. By Value (USD Million)
   2. Market Share & Forecast
      1. By Component
      2. By Application
      3. By Organization Size
      4. By Vertical
      5. By Country
         1. China
         2. India
         3. Japan
         4. South Korea
         5. Rest of Asia Pacific
9. Latin America Edge Computing Market
   1. Market Size & Forecast by Value, 2018-2028
      1. By Value (USD Million)
   2. Market Share & Forecast
      1. By Component
      2. By Application
      3. By Organization Size
      4. By Vertical
      5. By Country
         1. Brazil
         2. Mexico
         3. Rest of Latin America
10. Middle East & Africa Edge Computing Market
    1. Market Size & Forecast by Value, 2018-2028
       1. By Value (USD Million)
    2. Market Share & Forecast
    3. By Component
    4. By Application
    5. By Organization Size
       1. By Vertical
       2. By Country
          1. Saudi Arabia
          2. UAE
          3. South Africa
          4. Rest of Middle East & Africa
11. Competitive Landscape
    1. List of Key Players and Their Offerings
    2. Market Share Analysis, 2028
    3. Competitive Benchmarking, By Operating Parameters
    4. Key Strategic Development (Merger, Acquisition, Partnership)
12. Impact of Covid-19 on Global Edge Computing Market Industry
13. Company Profile (Company Overview, Financial Matrix, Competitive landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook) **
    1.  Cisco
    2. HPE
    3. Huawei
    4. IBM
    5. Dell Technologies
    6. Nokia
    7. Litmus Automation
    8. AWS
    9. Foghorn
    10. Microsoft
    11. VMWare
    12. SixSq
    13. EdgeIQ
    14. Saguna
    15. Vapour IO
    16. Other prominent players

14. Key Strategic Recommendations

*Financial information in case of non-listed companies will be provided as per availability

**The segmentation and the companies are subjected to modifications based on in-depth secondary for the final deliverable

List of Figures

Figure 1        Global Edge Computing Market Segmentation

Figure 2        Global Edge Computing Market Value Chain Analysis

Figure 3        Company Market Share Analysis, 2028

Figure 4        Global Edge Computing Market Size, By Value (USD Million), 2018-2028

Figure 5        Global Edge Computing Market Share, By Component, By Value, 2018-2028

Figure 6        Global Edge Computing Market Share, By Application, By Value, 2018-2028

Figure 7        Global Edge Computing Market Share, By Organization Size, By Value, 2018-2028

Figure 8        Global Edge Computing Market Share, By Vertical, By Value, 2018-2028

Figure 9        Global Edge Computing Market Share, By Region, By Value, 2018-2028

Figure 10       North America Edge Computing Market Size, By Value (USD Million), 2018-2028

Figure 11       North America Edge Computing Market Share, By Component, By Value, 2018-2028

Figure 12       North America Edge Computing Market Share, By Application, By Value, 2018-2028

Figure 13       North America Edge Computing Market Share, By Organization Size, By Value, 2018-2028

Figure 14       North America Edge Computing Market Share, By Vertical, By Value, 2018-2028

Figure 15       North America Edge Computing Market Share, By Country, By Value, 2018-2028

Figure 16       Europe Edge Computing Market Size, By Value (USD Million), 2018-2028

Figure 17       Europe Edge Computing Market Share, By Component, By Value, 2018-2028

Figure 18       Europe Edge Computing Market Share, By Application, By Value, 2018-2028

Figure 19       Europe Edge Computing Market Share, By Organization Size, By Value, 2018-2028

Figure 20       Europe Edge Computing Market Share, By Vertical, By Value, 2018-2028

Figure 21       Europe Edge Computing Market Share, By Country, By Value, 2018-2028

Figure 22       The Asia-Pacific Edge Computing Market Size, By Value (USD Million), 2018-2028

Figure 23       The Asia-Pacific Edge Computing Market Share, By Component, By Value, 2018-2028

Figure 24       The Asia-Pacific Edge Computing Market Share, By Application, By Value, 2018-2028

Figure 25       The Asia-Pacific Edge Computing Market Share, By Organization Size, By Value, 2018-2028

Figure 26       The Asia-Pacific Edge Computing Market Share, By Vertical, By Value, 2018-2028

Figure 27       The Asia-Pacific Edge Computing Market Share, By Country, By Value, 2018-2028

Figure 28       Latin America Edge Computing Market Size, By Value (USD Million), 2018-2028

Figure 29       Latin America Edge Computing Market Share, By Component, By Value, 2018-2028

Figure 30       Latin America Edge Computing Market Share, By Application, By Value, 2018-2028

Figure 31       Latin America Edge Computing Market Share, By Organization Size, By Value, 2018-2028

Figure 32       Latin America Edge Computing Market Share, By Vertical, By Value, 2018-2028

Figure 33       Latin America Edge Computing Market Share, By Country, By Value, 2018-2028

Figure 34       The Middle East & Africa Edge Computing Market Size, By Value (USD Million), 2018-2028

Figure 35       The Middle East & Africa Edge Computing Market Share, By Component, By Value, 2018-2028

Figure 36       The Middle East & Africa Edge Computing Market Share, By Application, By Value, 2018-2028

Figure 37       The Middle East & Africa Edge Computing Market Share, By Organization Size, By Value, 2018-2028

Figure 38       The Middle East & Africa Edge Computing Market Share, By Vertical, By Value, 2018-2028

Figure 39       The Middle East & Africa Edge Computing Market Share, By Country, By Value, 2018-2028

List of Tables

Table 1         Global Edge Computing Market Size, By Component, By Value, 2018-2028               

Table 2         Global Edge Computing Market Size, By Application, By Value, 2018-2028                

Table 3         Global Edge Computing Market Size, By Organization Size, By Value, 2018-2028                 

Table 4         Global Edge Computing Market Size, By Vertical, By Value, 2018-2028 

Table 5         Global Edge Computing Market Size, By Region, By Value, 2018-2028            

Table 6         North America Edge Computing Market Size, By Component, By Value, 2018-2028              

Table 7         North America Edge Computing Market Size, By Application, By Value, 2018-2028               

Table 8         North America Edge Computing Market Size, By Organization Size, By Value, 2018-2028                  

Table 9         North America Edge Computing Market Size, By Vertical, By Value, 2018-2028                   

Table 10        North America Edge Computing Market Size, By Country, By Value, 2018-2028                   

Table 11        Europe Edge Computing Market Size, By Component, By Value, 2018-2028              

Table 12        Europe Edge Computing Market Size, By Application, By Value, 2018-2028               

Table 13        Europe Edge Computing Market Size, By Organization Size, By Value, 2018-2028                

Table 14        Europe Edge Computing Market Size, By Vertical, By Value, 2018-2028          

Table 15        Europe Edge Computing Market Size, By Country, By Value, 2018-2028                   

Table 16        The Asia-Pacific Edge Computing Market Size, By Component, By Value, 2018-2028            

Table 17        The Asia-Pacific Edge Computing Market Size, By Application, By Value, 2018-2028             

Table 18        The Asia-Pacific Edge Computing Market Size, By Organization Size, By Value, 2018-2028                  

Table 19        The Asia-Pacific Edge Computing Market Size, By Vertical, By Value, 2018-2028                  

Table 20        The Asia-Pacific Edge Computing Market Size, By Country, By Value, 2018-2028                 

Table 21        Latin America Edge Computing Market Size, By Component, By Value, 2018-2028               

Table 22        Latin America Edge Computing Market Size, By Application, By Value, 2018-2028                

Table 23        Latin America Edge Computing Market Size, By Organization Size, By Value, 2018-2028                  

Table 24        Latin America Edge Computing Market Size, By Vertical, By Value, 2018-2028          

Table 25        Latin America Edge Computing Market Size, By Country, By Value, 2018-2028          

Table 26        The Middle East & Africa Edge Computing Market Size, By Component, By Value, 2018-2028            

Table 27        The Middle East & Africa Edge Computing Market Size, By Application, By Value, 2018-2028            

Table 28        The Middle East & Africa Edge Computing Market Size, By Organization Size, By Value, 2018-2028              

Table 29        The Middle East & Africa Edge Computing Market Size, By Vertical, By Value, 2018-2028                  

Table 30        The Middle East & Africa Edge Computing Market Size, By Country, By Value, 2018-2028                  

Table 31        Cisco Company Overview             

Table 32        Cisco Financial Overview              

Table 33        HPE Company Overview               

Table 34        HPE Financial Overview                

Table 35        IBM Company Overview               

Table 36        IBM Financial Overview                

Table 37        Dell Technologies Company Overview                

Table 38        Dell Technologies Financial Overview                 

Table 39        Litmus Automation Company Overview              

Table 40        Litmus Automation Financial Overview               

Table 41        Foghorn Company Overview         

Table 42        Foghorn Financial Overview          

Table 43        Microsoft Company Overview                  

Table 44        Microsoft Financial Overview         

Table 45        VMWare Company Overview         

Table 46        VMWare Financial Overview          

Table 47        SixSq Company Overview            

Table 48        SixSq Financial Overview             

Table 49        EdgeIQ Company Overview          

Table 50        EdgeIQ Financial Overview           

Table 51        Saguna Company Overview          

Table 52        Saguna Financial Overview           

Table 53        Vapour IO Company Overview                

Table 54        Vapour IO Financial Overview