Edge Computing Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Edge Computing Market
The edge computing market size was valued at USD 15.96 billion in 2023, and the market is now projected to grow from USD 21.41 billion in 2024 to USD 216.76 billion by 2032, exhibiting a CAGR of 33.6% during the forecast period of 2024-2032.
For this reason, one of the pivotal factors that slowed down the edge computing market growth at the beginning of the COVID-19 outbreak was the availability of edge hardware devices resulting from trade restrictions. This halt impacted edge chip sets and servers among other devices pending their market advancement and global progress. However the swift advancement of superior technologies and press scrutiny compelled pioneering uses and applications of edge devices in businesses.
Application of edge computing for SaaS that runs on 5G networks has gradually emerged as a more popular concept. As more organisations adopt AI and IoT solutions to analyse data and progression from their tools, low latency high speed wireless connectivity is required at a faster pace and this is also gonna increase the edge computing market share.
Undoubtedly, the integration of the Artificial Intelligence of Things (AIoT) is more prominent in the present days. Through AIoT, networks and systems are gradually getting equipped with the resolver across assorted industry verticals. The incorporation in programs and their chipsets as well as into the edges of programs can enhance analytical and decision making abilities.
Comprehensive Analysis of Edge Computing Market
The edge computing market is rising at an exponential rate due to its market segmentation. This market expansion effectively provides a detailed regional assessment considering the dominant supply and demand forces that impact the industry. These segmentations are methodically segregated by component, by enterprise type, by application, & by industry. The components include: hardware, application/software, edge cloud infrastructure, services, and network. However, the enterprise types include: SMEs, & large enterprises. By applications it can be segmented into: IoT applications, robotics & automation, predictive maintenance, remote monitoring, smart cities, and others. By industry it can be bifurcated into: manufacturing, oil & gas, BFSI, healthcare, retail, IT & telecom, automotive, and others.
The North America region leads the edge computing market by benefitting a market size of USD 5.16 billion in 2023 due to the presence of a large number of manufacturers in the region.
The top players in the market play a crucial role in the industry, assuring industrial prospectus growth and setting market standards. These players include: IBM Corporation (U.S.) Intel Corporation (U.S.) Amazon.com, Inc. (U.S.) Google LLC (U.S.) Microsoft Corporation (U.S.) ADLINK Technology Inc. (Taiwan) Hewlett Packard Enterprise Development LP (U.S.) Cisco Systems, Inc. (U.S.) Huawei Technologies Co., Ltd. (U.S.) EdgeConneX Inc. (U.S.)
In February 2024, At MWC Barcelona, ADLINK revealed 5G and industrial edge computing. At MWC Barcelona, partners and customers of ADLINK, including AgrandTech, SageRAN, and Askey, would be representing several 5G network solutions built on the MECS series of ADLINK Edge Serve
Segmentation Table
Global Edge Computing Market Scope
Study Period 2019-2032
Base Year 2023
Forecast Period 2024-2032
Growth Rate CAGR of 33.6% from 2024-2032
Historical Period 2019-2022
Unit Value (USD Billion)
Segmentation By Component, By Enterprise type, By Application, & By Industry
By Component Hardware
Application/Software
Edge Cloud Infrastructure
Services
Network
By Enterprise type SMEs
Large Enterprises
By Application IoT Applications
Robotics & Automation
Predictive Maintenance
Remote Monitoring
Smart Cities
Others (Video Analytics, Smart Homes)
By Industry Manufacturing
Oil & Gas
Healthcare
Retail
IT & Telecom
Automotive
Others (Gaming, Entertainment)
By Region North America (By Component, Enterprise type, Application, Industry, and Country)
- U.S. (By Application)
- Canada (By Application)
- Mexico (By Application)
Europe (By Component, Enterprise type, Application, Industry, and Country)
- U.K. (By Application)
- Germany (By Application)
- France (By Application)
- Spain(By Application)
- Russia (By Application)
- Benelux (By Application)
- Nordics (By Application)
- Italy (By Application)
- Rest of Europe
Asia Pacific (By Component, Enterprise type, Application, Industry, and Country)
- China (By Application)
- Japan (By Application)
- India (By Application)
- ASEAN (By Application)
- Oceania (By Application)
- South Korea (By Application)
- Rest of Asia Pacific
South America (By Component, Enterprise type, Application, Industry, and Country)
- Brazil (By Application)
- Argentina (By Application)
- Rest of South America (By Application)
Middle East & Africa (By Component, Enterprise type, Application, Industry, and Country)
- Turkey (By Application)
- Israel (By Application)
- GCC (By Application)
- North Africa (By Application)
- South Africa (By Application)
- Rest of Middle East & Africa
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- 1. Introduction
- 1.1. Definition, By Segment
- 1.2. Research Methodology/Approach
- 1.3. Data Sources
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Macro and Micro Economic Indicators
- 3.2. Drivers, Restraints, Opportunities and Trends
- 4. Competition Landscape
- 4.1. Business Strategies Adopted by Key Players
- 4.2. Consolidated SWOT Analysis of Key Players
- 4.3. Global Edge Computing Key Players Market Share/Ranking, 2023
- 5. Global Edge Computing Market Size Estimates and Forecasts, By Segments, 2019-2032
- 5.1. Key Findings
- 5.2. By Component (USD)
- 5.2.1. Hardware
- 5.2.2. Application/Software
- 5.2.3. Edge Cloud Infrastructure
- 5.2.4. Services
- 5.2.5. Network
- 5.3. By Enterprise Type (USD)
- 5.3.1. Small & Medium Enterprises
- 5.3.2. Large Enterprises
- 5.4. By Application (USD)
- 5.4.1. IoT Applications
- 5.4.2. Robotics & Automation
- 5.4.3. Predictive Maintenance
- 5.4.4. Remote Monitoring
- 5.4.5. Smart Cities
- 5.4.6. Others (Video Analytics, Smart Homes, etc.)
- 5.5. By Industry (USD)
- 5.5.1. Manufacturing
- 5.5.2. Oil & Gas
- 5.5.3. BFSI
- 5.5.4. Healthcare
- 5.5.5. Retail
- 5.5.6. IT & Telecom
- 5.5.7. Automotive
- 5.5.8. Others (Gaming, Entertainment, etc.)
- 5.6. By Region (USD)
- 5.6.1. North America
- 5.6.2. South America
- 5.6.3. Europe
- 5.6.4. Middle East & Africa
- 5.6.5. Asia Pacific
- 6. North America Edge Computing Market Size Estimates and Forecasts, By Segments, 2019-2032
- 6.1. Key Findings
- 6.2. By Component (USD)
- 6.2.1. Hardware
- 6.2.2. Application/Software
- 6.2.3. Edge Cloud Infrastructure
- 6.2.4. Services
- 6.2.5. Network
- 6.3. By Enterprise Type (USD)
- 6.3.1. Small & Medium Enterprises
- 6.3.2. Large Enterprises
- 6.4. By Application (USD)
- 6.4.1. IoT Applications
- 6.4.2. Robotics & Automation
- 6.4.3. Predictive Maintenance
- 6.4.4. Remote Monitoring
- 6.4.5. Smart Cities
- 6.4.6. Others (Video Analytics, Smart Homes, etc.)
- 6.5. By Industry (USD)
- 6.5.1. Manufacturing
- 6.5.2. Oil & Gas
- 6.5.3. BFSI
- 6.5.4. Healthcare
- 6.5.5. Retail
- 6.5.6. IT & Telecom
- 6.5.7. Automotive
- 6.5.8. Others (Gaming, Entertainment, etc.)
- 6.6. By Country (USD)
- 6.6.1. United States
- 6.6.1.1. By Application
- 6.6.2. Canada
- 6.6.2.1. By Application
- 6.6.3. Mexico
- 6.6.3.1. By Application
- 7. South America Edge Computing Market Size Estimates and Forecasts, By Segments, 2019-2032
- 7.1. Key Findings
- 7.2. By Component (USD)
- 7.2.1. Hardware
- 7.2.2. Application/Software
- 7.2.3. Edge Cloud Infrastructure
- 7.2.4. Services
- 7.2.5. Network
- 7.3. By Enterprise Type (USD)
- 7.3.1. Small & Medium Enterprises
- 7.3.2. Large Enterprises
- 7.4. By Application (USD)
- 7.4.1. IoT Applications
- 7.4.2. Robotics & Automation
- 7.4.3. Predictive Maintenance
- 7.4.4. Remote Monitoring
- 7.4.5. Smart Cities
- 7.4.6. Others (Video Analytics, Smart Homes, etc.)
- 7.5. By Industry (USD)
- 7.5.1. Manufacturing
- 7.5.2. Oil & Gas
- 7.5.3. BFSI
- 7.5.4. Healthcare
- 7.5.5. Retail
- 7.5.6. IT & Telecom
- 7.5.7. Automotive
- 7.5.8. Others (Gaming, Entertainment, etc.)
- 7.6. By Country (USD)
- 7.6.1. Brazil
- 7.6.1.1. By Application
- 7.6.2. Argentina
- 7.6.2.1. By Application
- 7.6.3. Rest of South America
- 8. Europe Edge Computing Market Size Estimates and Forecasts, By Segments, 2019-2032
- 8.1. Key Findings
- 8.2. By Component (USD)
- 8.2.1. Hardware
- 8.2.2. Application/Software
- 8.2.3. Edge Cloud Infrastructure
- 8.2.4. Services
- 8.2.5. Network
- 8.3. By Enterprise Type (USD)
- 8.3.1. Small & Medium Enterprises
- 8.3.2. Large Enterprises
- 8.4. By Application (USD)
- 8.4.1. IoT Applications
- 8.4.2. Robotics & Automation
- 8.4.3. Predictive Maintenance
- 8.4.4. Remote Monitoring
- 8.4.5. Smart Cities
- 8.4.6. Others (Video Analytics, Smart Homes, etc.)
- 8.5. By Industry (USD)
- 8.5.1. Manufacturing
- 8.5.2. Oil & Gas
- 8.5.3. BFSI
- 8.5.4. Healthcare
- 8.5.5. Retail
- 8.5.6. IT & Telecom
- 8.5.7. Automotive
- 8.5.8. Others (Gaming, Entertainment, etc.)
- 8.6. By Country (USD)
- 8.6.1. United Kingdom
- 8.6.1.1. By Application
- 8.6.2. Germany
- 8.6.2.1. By Application
- 8.6.3. France
- 8.6.3.1. By Application
- 8.6.4. Italy
- 8.6.4.1. By Application
- 8.6.5. Spain
- 8.6.5.1. By Application
- 8.6.6. Russia
- 8.6.6.1. By Application
- 8.6.7. Benelux
- 8.6.7.1. By Application
- 8.6.8. Nordics
- 8.6.8.1. By Application
- 8.6.9. Rest of Europe
- 9. Middle East & Africa Edge Computing Market Size Estimates and Forecasts, By Segments, 2019-2032
- 9.1. Key Findings
- 9.2. By Component (USD)
- 9.2.1. Hardware
- 9.2.2. Application/Software
- 9.2.3. Edge Cloud Infrastructure
- 9.2.4. Services
- 9.2.5. Network
- 9.3. By Enterprise Type (USD)
- 9.3.1. Small & Medium Enterprises
- 9.3.2. Large Enterprises
- 9.4. By Application (USD)
- 9.4.1. IoT Applications
- 9.4.2. Robotics & Automation
- 9.4.3. Predictive Maintenance
- 9.4.4. Remote Monitoring
- 9.4.5. Smart Cities
- 9.4.6. Others (Video Analytics, Smart Homes, etc.)
- 9.5. By Industry (USD)
- 9.5.1. Manufacturing
- 9.5.2. Oil & Gas
- 9.5.3. BFSI
- 9.5.4. Healthcare
- 9.5.5. Retail
- 9.5.6. IT & Telecom
- 9.5.7. Automotive
- 9.5.8. Others (Gaming, Entertainment, etc.)
- 9.6. By Country (USD)
- 9.6.1. Turkey
- 9.6.1.1. By Application
- 9.6.2. Israel
- 9.6.2.1. By Application
- 9.6.3. GCC
- 9.6.3.1. By Application
- 9.6.4. North Africa
- 9.6.4.1. By Application
- 9.6.5. South Africa
- 9.6.5.1. By Application
- 9.6.6. Rest of MEA
- 10. Asia Pacific Edge Computing Market Size Estimates and Forecasts, By Segments, 2019-2032
- 10.1. Key Findings
- 10.2. By Component (USD)
- 10.2.1. Hardware
- 10.2.2. Application/Software
- 10.2.3. Edge Cloud Infrastructure
- 10.2.4. Services
- 10.2.5. Network
- 10.3. By Enterprise Type (USD)
- 10.3.1. Small & Medium Enterprises
- 10.3.2. Large Enterprises
- 10.4. By Application (USD)
- 10.4.1. IoT Applications
- 10.4.2. Robotics & Automation
- 10.4.3. Predictive Maintenance
- 10.4.4. Remote Monitoring
- 10.4.5. Smart Cities
- 10.4.6. Others (Video Analytics, Smart Homes, etc.)
- 10.5. By Industry (USD)
- 10.5.1. Manufacturing
- 10.5.2. Oil & Gas
- 10.5.3. BFSI
- 10.5.4. Healthcare
- 10.5.5. Retail
- 10.5.6. IT & Telecom
- 10.5.7. Automotive
- 10.5.8. Others (Gaming, Entertainment, etc.)
- 10.6. By Country (USD)
- 10.6.1. China
- 10.6.1.1. By Application
- 10.6.2. India
- 10.6.2.1. By Application
- 10.6.3. Japan
- 10.6.3.1. By Application
- 10.6.4. South Korea
- 10.6.4.1. By Application
- 10.6.5. ASEAN
- 10.6.5.1. By Application
- 10.6.6. Oceania
- 10.6.6.1. By Application
- 10.6.7. Rest of Asia Pacific
- 11. Company Profiles for Top 10 Players (Based on data availability in public domain and/or on paid databases)
- 11.1. IBM Corporation
- 11.1.1. Overview
- 11.1.1.1. Key Management
- 11.1.1.2. Headquarters
- 11.1.1.3. Offerings/Business Segments
- 11.1.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.1.2.1. Employee Size
- 11.1.2.2. Past and Current Revenue
- 11.1.2.3. Geographical Share
- 11.1.2.4. Business Segment Share
- 11.1.2.5. Recent Developments
- 11.2. Intel Corporation
- 11.2.1. Overview
- 11.2.1.1. Key Management
- 11.2.1.2. Headquarters
- 11.2.1.3. Offerings/Business Segments
- 11.2.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.2.2.1. Employee Size
- 11.2.2.2. Past and Current Revenue
- 11.2.2.3. Geographical Share
- 11.2.2.4. Business Segment Share
- 11.2.2.5. Recent Developments
- 11.3. Amazon.com, Inc.
- 11.3.1. Overview
- 11.3.1.1. Key Management
- 11.3.1.2. Headquarters
- 11.3.1.3. Offerings/Business Segments
- 11.3.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.3.2.1. Employee Size
- 11.3.2.2. Past and Current Revenue
- 11.3.2.3. Geographical Share
- 11.3.2.4. Business Segment Share
- 11.3.2.5. Recent Developments
- 11.4. Google LLC
- 11.4.1. Overview
- 11.4.1.1. Key Management
- 11.4.1.2. Headquarters
- 11.4.1.3. Offerings/Business Segments
- 11.4.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.4.2.1. Employee Size
- 11.4.2.2. Past and Current Revenue
- 11.4.2.3. Geographical Share
- 11.4.2.4. Business Segment Share
- 11.4.2.5. Recent Developments
- 11.5. Microsoft Corporation
- 11.5.1. Overview
- 11.5.1.1. Key Management
- 11.5.1.2. Headquarters
- 11.5.1.3. Offerings/Business Segments
- 11.5.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.5.2.1. Employee Size
- 11.5.2.2. Past and Current Revenue
- 11.5.2.3. Geographical Share
- 11.5.2.4. Business Segment Share
- 11.5.2.5. Recent Developments
- 11.6. ADLINK Technology Inc.
- 11.6.1. Overview
- 11.6.1.1. Key Management
- 11.6.1.2. Headquarters
- 11.6.1.3. Offerings/Business Segments
- 11.6.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.6.2.1. Employee Size
- 11.6.2.2. Past and Current Revenue
- 11.6.2.3. Geographical Share
- 11.6.2.4. Business Segment Share
- 11.6.2.5. Recent Developments
- 11.7. Hewlett Packard Enterprise Development LP
- 11.7.1. Overview
- 11.7.1.1. Key Management
- 11.7.1.2. Headquarters
- 11.7.1.3. Offerings/Business Segments
- 11.7.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.7.2.1. Employee Size
- 11.7.2.2. Past and Current Revenue
- 11.7.2.3. Geographical Share
- 11.7.2.4. Business Segment Share
- 11.7.2.5. Recent Developments
- 11.8. Cisco Systems, Inc.
- 11.8.1. Overview
- 11.8.1.1. Key Management
- 11.8.1.2. Headquarters
- 11.8.1.3. Offerings/Business Segments
- 11.8.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.8.2.1. Employee Size
- 11.8.2.2. Past and Current Revenue
- 11.8.2.3. Geographical Share
- 11.8.2.4. Business Segment Share
- 11.8.2.5. Recent Developments
- 11.9. Huawei Technologies Co., Ltd.
- 11.9.1. Overview
- 11.9.1.1. Key Management
- 11.9.1.2. Headquarters
- 11.9.1.3. Offerings/Business Segments
- 11.9.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.9.2.1. Employee Size
- 11.9.2.2. Past and Current Revenue
- 11.9.2.3. Geographical Share
- 11.9.2.4. Business Segment Share
- 11.9.2.5. Recent Developments
- 11.10. EdgeConneX Inc.
- 11.10.1. Overview
- 11.10.1.1. Key Management
- 11.10.1.2. Headquarters
- 11.10.1.3. Offerings/Business Segments
- 11.10.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.10.2.1. Employee Size
- 11.10.2.2. Past and Current Revenue
- 11.10.2.3. Geographical Share
- 11.10.2.4. Business Segment Share
- 11.10.2.5. Recent Developments
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