Edge Computing Market Forecasts to 2030 - Global Analysis By Component (Hardware, Software, Network and Other Components), Organization Size (Small and Medium-Sized Enterprises (SMEs) and Large Enterprises), Deployment (Cloud and On-Premise), Application, Vertical and By Geography
Estimated Year Value (2023)
US $53.55 BN
Projected Year Value (2030)
US $189.65 BN
CAGR (2023 - 2030)
North America, Europe, Asia Pacific, South America, and Middle East & Africa
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa
Highest Growing Market
According to Stratistics MRC, the Global Edge Computing Market is accounted for $53.55 billion in 2023 and is expected to reach $189.65 billion by 2030 growing at a CAGR of 19.8% during the forecast period. Edge computing is a technology which processes and stores data closer to the source to enable quick and real-time analysis. It is a mesh network of tiny data centres that processes and stores information locally while pushing every piece of information that comes in to the cloud. As a result, every device that produces data near the network's edge serves as an edge device. The primary drivers of the growth of the worldwide edge computing market include variables like the rise in the number of intelligent apps and the increased global strain on cloud infrastructure.
According to GSMA, approximately 90% of mobile ecosystem players in China recognized edge computing as a significant revenue opportunity in the 5G era.
Arrival of self-driving cars and connected car infrastructure
Several businesses have started to develop edge cloud computing to support connected and autonomous vehicle technology. Autonomous vehicles that use edge computing may use data more precisely and quickly, allowing edge data centres to discard less-important data while keeping important data on-board the vehicle. Edge computing, when integrated with AI and ML, may potentially assist achieve situational awareness in a matter of seconds by supplying local processing capability to speed up the processing of enormous amounts of data produced by autonomous cars. Smart driving may effectively avoid traffic jams and contribute to a decrease in traffic accidents. Due to the advantages of edge computing, several automakers are anticipated to make investments in the technology in the near future. This will probably help the market for edge computing.
Integration challenges with current cloud architecture
Integrating edge computing platforms and applications with the current cloud architecture has proven to be challenging. With the growing adoption of multi-cloud infrastructures within the organisation, it appears difficult to establish a reliable edge network to handle the network traffic from multiple nodes due to the limited storage and computing capacity of edge nodes. Finding a solution and cloud providers that can handle the high bandwidth requirements and redundant data reporting are a difficult for the majority of IT managers.
Rising use of AIoT and significant investments
The term "artificial intelligence of things" (AIoT) has become very popular recently. AI and machine learning are quickly being used to make IoT devices more secure, from fitness trackers to AR and VR eyewear and smart public transportation. Networks and systems are able to solve issues across industrial verticals with the aid of AIoT. Analytics and decision-making procedures may be enhanced by incorporating AI into software, chipsets, and edge infrastructure. Both developed and emerging economies are quickly embracing virtual reality (VR) and augmented reality (AR). Customers can experience a virtual reality thanks to the connections between digital worlds and smart cities, metaverse-based online games, and virtual shopping.
Significant up-front financial commitments
The expansion of the edge computing market may be constrained by the hefty initial expenditure. Many businesses may have to spend more money on CAPEX due to the installation and maintenance of edge infrastructure. Construction of a comprehensive and reliable system is challenging because to the high cost of purchasing edge nodes, devices, and data centres. The enormous expenditures that come with securing the entire computing network for the providers also limit industry growth.
Businesses were significantly impacted by the COVID-19 epidemic since they are utilising technology to speed up and improve their digital transition they can adjust to any situation and the epidemic has had an impact on market expansion as well; manufacturing of edge hardware devices has decreased. Due to trade limitations Production of servers, edge chip sets, and other devices was halted during the early stages of the pandemic, which had an impact on the development of the worldwide market.
The large enterprises segment is expected to be the largest during the forecast period
The large enterprises segment is estimated to have a lucrative growth, due to the number of IoT-connected gadgets being produced globally has increased. To compute the data created, enable speedier information transmission, and improve customer experience, businesses need edge solutions. A cloud solution might not be able to handle the latency necessary for real-time processing and carrying out functions to make the data safer. By handling traffic intelligently, edge computing addresses the issue of growing data quantities and speeds up the analysis of real-time data. Due to these benefits, larger businesses have demonstrated a higher level of edge solution adoption than small and medium-sized businesses.
The information technology (IT) & telecommunications segment is expected to have the highest CAGR during the forecast period
The information technology (it) & telecommunications segment is anticipated to witness the highest CAGR growth during the forecast period, due to many businesses' operations, requiring them to move the majority of their procedures to the cloud. The cloud has quickly become the preferred method of conducting business in the IT and telecom sectors. The tendency of businesses to use the cloud has been a major factor in the growth of data creation. Instantaneous processing has become necessary as a result, which has hindered the adoption of cloud computing procedures. Because of this, the IT and telecom sectors retained the majority of the market. In addition, the manufacturing sector is anticipated to grow in the next years as a result of the expanding use of edge computing in that area.
Region with largest share:
Asia Pacific is projected to hold the largest market share during the forecast period owing to quickly and luring several international businesses to do business here. The area has experienced technological breakthroughs due to a number of causes, including rising urbanisation, technological innovation, and government backing for the digital economy. Additionally, organisations have started using cloud-based methods as a result of quick improvements in telecommunications, cloud computing, and IoT. Due to the growing use of cloud technologies and the expansion of business processes, edge computing solutions have seen a considerable increase in popularity in the area.
Region with highest CAGR:
North America is projected to have the highest CAGR over the forecast period; owing to the increasing number of top players situated in the United States has a significant impact on the local market. These players include, among many others, IBM, Intel, and Microsoft. By combining with and buying small businesses, these corporations have been carefully extending their geographic reach and clientele. Businesses in these locations have been utilising cutting-edge technology to modernise their current procedures. Increasing cloud-based solution deployment, expanding industrial Internet of Things (IIoT) solution demand, and other factors are anticipated to have a favourable influence on the market over the forecast period.
Key players in the market
Some of the key players profiled in the Edge Computing Market include Microsoft Corporation, Google LLC, Huawei Technologies Co. Limited, Cisco Systems Inc., IBM Corporation, Dell Technologies Inc., EdgeIQ, ADLINK Technology Inc., General Electric Company, Amazon Web Services Inc., Hewlett Packard Enterprise Company, Capgemini Engineering, Juniper Networks Inc., Nokia, Intel, SAP SE and Alphabet Inc
In April 2022, Dell Technologies has expanded its edge solutions to help retailers quickly generate more value and deliver enhanced customer experiences from data generated in retail locations.
In April 2022, Nokia announced plans to integrate Microsoft Azure Arc capabilities into the Nokia MX Industrial Edge (MXIE) platform, unlocking the potential of mission critical applications for Industry 4.0 use cases.
In March 2022, Emirates Integrated Telecommunications Company and Huawei Technologies signed a preliminary agreement at the Mobile World Congress in Barcelona to develop multi-access edge computing (MEC) that will help the Dubai operator diversify its communications services.
• Edge-Managed Platforms
• Other Components
Organization Sizes Covered:
• Small and Medium-Sized Enterprises (SMEs)
• Large Enterprises
• Augmented Reality (AR) & Virtual Reality (VR)
• Assets Tracking
• Content Delivery
• Environment Monitoring
• IoT Applications
• Location Services
• Predictive Maintenance
• Robotics & Automation
• Remote Monitoring
• Smart Cities
• Traffic Management
• Video Analytics
• Other Applications
• Energy & Utilities
• Government & Defense
• Healthcare & Life Sciences
• Information Technology (IT) & Telecommunications
• Media & Entertainment
• Oil & Gas
• Retail & Consumer Goods
• Transportation & Logistics
• Other Verticals
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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Table of Contents
1 Executive Summary
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
3 Market Trend Analysis
3.6 Application Analysis
3.7 Emerging Markets
3.8 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Edge Computing Market, By Component
5.2.2 Edge Nodes
5.2.6 Other Hardwares
5.5 Edge-Managed Platforms
5.7 Other Components
6 Global Edge Computing Market, By Organization Size
6.2 Small and Medium-Sized Enterprises (SMEs)
6.3 Large Enterprises
7 Global Edge Computing Market, By Deployment
8 Global Edge Computing Market, By Application
8.2 Augmented Reality (AR) & Virtual Reality (VR)
8.3 Assets Tracking
8.4 Content Delivery
8.5 Environment Monitoring
8.6 IoT Applications
8.7 Location Services
8.8 Predictive Maintenance
8.9 Robotics & Automation
8.10 Remote Monitoring
8.11 Smart Cities
8.12 Traffic Management
8.13 Video Analytics
8.14 Other Applications
9 Global Edge Computing Market, By Vertical
9.5 Energy & Utilities
9.6 Government & Defense
9.7 Healthcare & Life Sciences
9.8 Information Technology (IT) & Telecommunications
9.10 Media & Entertainment
9.11 Oil & Gas
9.12 Retail & Consumer Goods
9.13 Transportation & Logistics
9.14 Other Verticals
10 Global Edge Computing Market, By Geography
10.2 North America
10.3.6 Rest of Europe
10.4 Asia Pacific
10.4.5 New Zealand
10.4.6 South Korea
10.4.7 Rest of Asia Pacific
10.5 South America
10.5.4 Rest of South America
10.6 Middle East & Africa
10.6.1 Saudi Arabia
10.6.4 South Africa
10.6.5 Rest of Middle East & Africa
11 Key Developments
11.1 Agreements, Partnerships, Collaborations and Joint Ventures
11.2 Acquisitions & Mergers
11.3 New Product Launch
11.5 Other Key Strategies
12 Company Profiling
12.1 Microsoft Corporation
12.2 Google LLC
12.3 Huawei Technologies Co. Limited
12.4 Cisco Systems Inc.
12.5 IBM Corporation
12.6 Dell Technologies Inc.
12.8 ADLINK Technology Inc.
12.9 General Electric Company
12.10 Amazon Web Services Inc.
12.11 Hewlett Packard Enterprise Company
12.12 Capgemini Engineering
12.13 Juniper Networks Inc.
12.16 SAP SE
12.17 Alphabet Inc
List of Tables
1 Global Edge Computing Market Outlook, By Region (2021-2030) ($MN)
2 Global Edge Computing Market Outlook, By Component (2021-2030) ($MN)
3 Global Edge Computing Market Outlook, By Hardware (2021-2030) ($MN)
4 Global Edge Computing Market Outlook, By Sensors/Routers (2021-2030) ($MN)
5 Global Edge Computing Market Outlook, By Edge Nodes (2021-2030) ($MN)
6 Global Edge Computing Market Outlook, By Cameras (2021-2030) ($MN)
7 Global Edge Computing Market Outlook, By Robots (2021-2030) ($MN)
8 Global Edge Computing Market Outlook, By Drones (2021-2030) ($MN)
9 Global Edge Computing Market Outlook, By Other Hardwares (2021-2030) ($MN)
10 Global Edge Computing Market Outlook, By Software (2021-2030) ($MN)
11 Global Edge Computing Market Outlook, By Network (2021-2030) ($MN)
12 Global Edge Computing Market Outlook, By Edge-Managed Platforms (2021-2030) ($MN)
13 Global Edge Computing Market Outlook, By Services (2021-2030) ($MN)
14 Global Edge Computing Market Outlook, By Other Components (2021-2030) ($MN)
15 Global Edge Computing Market Outlook, By Organization Size (2021-2030) ($MN)
16 Global Edge Computing Market Outlook, By Small and Medium-Sized Enterprises (SMEs) (2021-2030) ($MN)
17 Global Edge Computing Market Outlook, By Large Enterprises (2021-2030) ($MN)
18 Global Edge Computing Market Outlook, By Deployment (2021-2030) ($MN)
19 Global Edge Computing Market Outlook, By Cloud (2021-2030) ($MN)
20 Global Edge Computing Market Outlook, By On-Premise (2021-2030) ($MN)
21 Global Edge Computing Market Outlook, By Application (2021-2030) ($MN)
22 Global Edge Computing Market Outlook, By Augmented Reality (AR) & Virtual Reality (VR) (2021-2030) ($MN)
23 Global Edge Computing Market Outlook, By Assets Tracking (2021-2030) ($MN)
24 Global Edge Computing Market Outlook, By Content Delivery (2021-2030) ($MN)
25 Global Edge Computing Market Outlook, By Environment Monitoring (2021-2030) ($MN)
26 Global Edge Computing Market Outlook, By IoT Applications (2021-2030) ($MN)
27 Global Edge Computing Market Outlook, By Location Services (2021-2030) ($MN)
28 Global Edge Computing Market Outlook, By Predictive Maintenance (2021-2030) ($MN)
29 Global Edge Computing Market Outlook, By Robotics & Automation (2021-2030) ($MN)
30 Global Edge Computing Market Outlook, By Remote Monitoring (2021-2030) ($MN)
31 Global Edge Computing Market Outlook, By Smart Cities (2021-2030) ($MN)
32 Global Edge Computing Market Outlook, By Traffic Management (2021-2030) ($MN)
33 Global Edge Computing Market Outlook, By Video Analytics (2021-2030) ($MN)
34 Global Edge Computing Market Outlook, By Other Applications (2021-2030) ($MN)
35 Global Edge Computing Market Outlook, By Vertical (2021-2030) ($MN)
36 Global Edge Computing Market Outlook, By Automotive (2021-2030) ($MN)
37 Global Edge Computing Market Outlook, By Agriculture (2021-2030) ($MN)
38 Global Edge Computing Market Outlook, By BFSI (2021-2030) ($MN)
39 Global Edge Computing Market Outlook, By Energy & Utilities (2021-2030) ($MN)
40 Global Edge Computing Market Outlook, By Government & Defense (2021-2030) ($MN)
41 Global Edge Computing Market Outlook, By Healthcare & Life Sciences (2021-2030) ($MN)
42 Global Edge Computing Market Outlook, By Information Technology (IT) & Telecommunications (2021-2030) ($MN)
43 Global Edge Computing Market Outlook, By Manufacturing (2021-2030) ($MN)
44 Global Edge Computing Market Outlook, By Media & Entertainment (2021-2030) ($MN)
45 Global Edge Computing Market Outlook, By Oil & Gas (2021-2030) ($MN)
46 Global Edge Computing Market Outlook, By Retail & Consumer Goods (2021-2030) ($MN)
47 Global Edge Computing Market Outlook, By Transportation & Logistics (2021-2030) ($MN)
48 Global Edge Computing Market Outlook, By Other Verticals (2021-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
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