Edge Computing Market Size, Trends, Analysis, and Forecasts By IT Infrastructure (Hardware, Software Services), By Vertical (BFSI, Manufacturing, Information Technology, Retail, Government, Others), By Employee Size Band (Micro (Less than 50), Small (51-2

Edge Computing Market Size, Trends, Analysis, and Forecasts By IT Infrastructure (Hardware, Software Services), By Vertical (BFSI, Manufacturing, Information Technology, Retail, Government, Others), By Employee Size Band (Micro (Less than 50), Small (51-250), Medium (251-1,000), Large (1,001-4,999), Very Large (5,000+), By Region (North America, Western Europe, Central & Eastern Europe, Asia-Pacific, South & Central America, and Middle East & Africa) Forecasts, 2019-2027

Summary

The edge computing market was valued at $14.1 billion in 2023 and is expected to grow at a CAGR of 23.4% over the forecast period (2022-2027). The edge computing market report provides an executive-level overview of the edge computing industry worldwide today, with detailed forecasts of key indicators up to 2027.

The expansion of 5G networks acts as a significant market driver, transforming various industries with its high-speed, low-latency capabilities. This advancement empowers businesses to utilize the technology effectively by processing data closer to its source, enhancing efficiency and innovation across sectors

Edge Computing market was valued at $14.1 billion in 2023 and is expected to grow at a compound annual growth rate (CAGR) of 23.4% over the forecast period. Edge computing has become a crucial architecture due to its ability to support distributed computing, placing compute and storage resources closer to the data source. This model builds on established concepts like remote offices, branch offices, data center colocation, and cloud computing, offering an efficient and effective approach to various computing tasks. The edge computing market is propelled by multiple factors, notably the expansion of 5G network, increasing adoption of Internet of Things (IoT), network modernization, and data sovereignty.

Scope

• This report provides overview and service addressable market for global Edge Computing market
• It identifies the key drivers and challenges impacting growth of the Edge Computing market over the next 12 to 24 months.
• It includes global market forecasts for the Edge Computing market and analysis of latest M&A deals, and Porter's analysis.
• It covers detailed segmentation by product/service type, by IT Infrastructure, by Vertical, by Employee Size band, and regional segmentation

Reasons to Buy

• This market intelligence report offers a thorough, forward-looking analysis of the global Edge Computing market by product type, regional segments, and key opportunities in a concise format to help executives build proactive and profitable growth strategies.
• Accompanying GlobalData’s Forecast products, the report examines the drivers, challenges, trend analysis in the Edge Computing market.
• Detailed segmentation by IT Infrastructure- (Hardware, Software Services), by Vertical (BFSI, Manufacturing, Information Technology, Retail, Government, Others), by Employee Size Band (Micro (Less than 50), Small (51-250), Medium (251-1,000), Large (1,001-4,999), Very Large (5,000+)
• The report includes 200+ charts and tables providing in-depth analysis of the market size, forecast, and supporting factors which are tailor-made for an executive-level audience, with enhanced presentation quality.
• The report provides an easily digestible market assessment for decision-makers built around in-depth information gathered from local market players, which enables executives to quickly get up to speed with the current and emerging trends in Edge Computing markets.
• The competitive section of the report helps in identifying the flagbearers, experimenters, contenders, and specialists based on their growth and innovation performance in the Edge Computing industry which will help stakeholders analyze competition penetration.
• The broad perspective of the report, coupled with comprehensive, actionable detail, will help Edge Computing vendors and other companies succeed in the growing Edge Computing market globally.