Edge Computing Market and its Key Opportunities and Challenges, Business Growth, Trend and Forecast 2020-2025

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Aug 20, 2020 (Heraldkeepers) —
Global Edge Computing Market to reach USD 16.9 billion by 2025.

Global Edge Computing Market valued approximately USD 1.5 billion in 2017 is anticipated to grow with a healthy growth rate of more than 35.40 % over the forecast period 2017-2025.

A recent report on Edge Computing Market provides a detailed analysis on the industry size, revenue forecasts and geographical landscape pertaining to this business space. Additionally, the report highlights primary obstacles and latest growth trends accepted by key players that form a part of the competitive spectrum of this business.

Edge Computing Market Size Covers Global Industry Analysis, Size, Share, CAGR, Trends, Forecast and Business Opportunity.

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The tremendous growth in data generated from multiple sources across different applications. Furthermore, the rise in real-time applications has contributed to the growth of edge computing market. Moreover, increasing load on cloud infrastructure has encouraged enterprises to adopt and implement edge computing solutions. The small and medium enterprises (SMEs) segment is expected to grow at a higher CAGR during the forecast period. SMEs have been majorly dependent on data centers to process and analyze their data. However, budget constraints have been a major obstacle for SMEs to adopt data center services. Transferring and processing the data over the cloud increases the operational cost. Edge computing facilitates SMEs to collect, process, and store data at the edge of the network closer to the source. This further reduces the operational costs of managing and storing data for SMEs, thus encouraging SMEs to adopt edge computing solutions and services.

The regional analysis of Global Edge Computing Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is expected to hold the largest market share and dominate the edge computing market from 2018 to 2025. The region also has a high concentration of telecom and IT and manufacturing industries that largely contribute to the adoption of edge computing solutions and services. However, the APAC region is considered to provide high growth opportunities for edge computing vendors. This can be majorly attributed to the rapid technological development and government initiatives to promote digitization across industries with an objective to optimize resources and increase profitability in the developing countries.

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.

The detailed segments and sub-segment of the market are explained below:

By Technology:

oMobile Edge Computing
oFog Computing
o
By Organization Size:

oSMEs
oLarge Enterprise

By Vertical:

oManufacturing
oEnergy and Utilities
oIT & Telecom
oHealthcare & Lifesciences
oConsumer Appliances
oTransportation & Logistics

By Regions:
oNorth America
oU.S.
oCanada
oEurope
oUK
oGermany
oAsia Pacific
oChina
oIndia
oJapan
oLatin America
oBrazil
oMexico
oRest of the World

Furthermore, years considered for the study are as follows:

Historical year ” 2015, 2016
Base year ” 2017
Forecast period ” 2018 to 2025

The industry is seeming to be fairly competitive. Some of the leading market players include Aricent, Inc, Amazon Web Services, Inc., Cisco Systems, Inc., General Electric, Hewlett Packard Enterprise Development LP, Huawei Technologies Co., Ltd, IBM, Intel Corporation, Microsoft
SAP SE and so on. Acquisitions and effective mergers are some of the strategies adopted by the key manufacturers. New product launches and continuous technological innovations are the key strategies adopted by the major players.

Target Audience of the Global Edge Computing Market in Market Study:

oKey Consulting Companies & Advisors
oLarge, medium-sized, and small enterprises
oVenture capitalists
oValue-Added Resellers (VARs)
oThird-party knowledge providers
oInvestment bankers
oInvestors

Key factors influencing market growth:

  • New application developments and product designs.
  • Falling prices of the Edge Computing.
  • Strict government norms along with the administrative support and R&D subsidization.
  • Geographic expansion by major market players as well as new entrants.

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Customization of the Report:

Brandessence Market Research also provides customization options to tailor the reports as per client requirements. This report can be personalized to cater to your research needs. Feel free to get in touch with our sales team, who will ensure that you get a report as per your needs.

Thank you for reading this article. You can also get chapter-wise sections or region-wise report coverage for North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

To summarize, the Edge Computing market report studies the contemporary market to forecast the growth prospects, challenges, opportunities, risks, threats, and the trends observed in the market that can either propel or curtail the growth rate of the industry. The market factors impacting the global sector also include provincial trade policies, international trade disputes, entry barriers, and other regulatory restrictions.

About Us: Brandessence Market Research and Consulting Pvt. ltd.

Brandessence market research publishes market research reports & business insights produced by highly qualified and experienced industry analysts. Our research reports are available in a wide range of industry verticals including aviation, food & beverage, healthcare, ICT, Construction, Chemicals and lot more. Brand Essence Market Research report will be best fit for senior executives, business development managers, marketing managers, consultants, CEOs, CIOs, COOs, and Directors, governments, agencies, organizations and Ph.D. Students. We have a delivery center in Pune, India and our sales office is in London.

Contact us at: +44-2038074155 or mail us at [email protected]

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