Global Edge Computing Market Growth (Status and Outlook) 2023-2029

Global Edge Computing Market Growth (Status and Outlook) 2023-2029

Edge computing is a distributed and open platform that integrates the core capabilities of network, computing, storage, and application closest to the source of things or data in the network, and provides edge intelligent services nearby. Providing services on the edge of the network closer to the terminal is the biggest feature of edge computing. For such a design, it can meet the key needs of various industries in terms of digital agile connection, real-time business, data optimization, application intelligence, security and privacy protection. Its advantages promote intelligence, connecting the two worlds of physical and digital in series.
In edge computing, terminal devices can complete storage and computing tasks at edge nodes. This change will produce two major advantages. First, because computing tasks can be performed at the edge, external computing power can effectively extend the computing capabilities of terminal devices. Second, it saves bandwidth resources due to computing tasks transmitted in the network. The core facility layer, edge computing center, edge network, and edge equipment are the four-layer functional structure of the basic edge computing architecture. This architecture can realize the "cloud-side-end" synergy effect.
LPI (LP Information)' newest research report, the “Edge Computing Industry Forecast” looks at past sales and reviews total world Edge Computing sales in 2022, providing a comprehensive analysis by region and market sector of projected Edge Computing sales for 2023 through 2029. With Edge Computing sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Edge Computing industry.
This Insight Report provides a comprehensive analysis of the global Edge Computing landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Edge Computing portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Edge Computing market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Edge Computing and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Edge Computing.
The global Edge Computing market size is projected to grow from US$ 8057.8 million in 2022 to US$ 57050 million in 2029; it is expected to grow at a CAGR of 32.3% from 2023 to 2029.
At present, major global manufacturers include IBM, Microsoft, Amazon Web Services, Dell, Cisco, HPE, Huawei, Lenovo, etc., and the global major manufacturers account for more than 60% in 2020.
From a regional perspective, the North American market is the largest in the global edge computing consumer market, accounting for about 37% of the market, followed by Europe, accounting for about 32%. The Asia-Pacific region also plays a large role in this global market.
From the application point of view, edge computing is mainly divided into hardware and software services, of which software services account for a relatively large amount, about 57%. In addition, the product can be used in a variety of fields, such as transportation and logistics, manufacturing, and IT communications.
This report presents a comprehensive overview, market shares, and growth opportunities of Edge Computing market by product type, application, key players and key regions and countries.
Market Segmentation:
Segmentation by type
Hardware
Software and Service
Segmentation by application
Transportation and Logistics
Manufacturing
Energy and Utilities
Healthcare and Life Sciences
IT and Telecom
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
IBM
Microsoft
Amazon Web Services
Dell
Cisco
HPE
Huawei
Lenovo
Nokia
Fujitsu
Gigabyte Technology
GE
ADLINK
Advantech
Atos
Litmus Automation

Please note: The report will take approximately 2 business days to prepare and deliver.