According to the latest report by GMI Research, Edge computing Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2020-2027. The global edge computing market studies the impact of the COVID-19 pandemic and represents that the market is expected to accelerate in 2021 over 2020 while growing at a significant growth rate from 2022 onwards. Edge computing refers to the process of evaluating cloud computing with real-time sensing and decision-making technology. It assists real-time applications to process and analyzes collected information and data from several sensors and connected devices.
Competitive Landscape: The global edge computing market report also scans the competitive landscape and profiles the major players operating in the market, including SixSq Sàrl, SAP SE, Microsoft, International Business Machines (IBM), Cisco Systems, Inc., Hewlett Packard Enterprise Development LP, Amazon Web Services Inc. (AWS), Huawei Technologies Co. Ltd., General Electric, Intel Corporation, Dell, Nokia networks, and Juniper Networks Inc.
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The key factor responsible for the expansion in the global edge computing market size is its large storage capacity. A massive amount of data can be stored and easily handled using the edge computing solutions. They help to enhance the data processing power by reducing latency, which is further expected to drive the growth of the market. The growing limitations and improving the energy efficiency of front-end Internet of Things (IoT) devices are another key factors for market growth.
The rapid development of 5G telecommunication network is the latest emerging trends in the global edge computing market. Optimization of network traffic for sustainable usage are other key drivers for market growth. Edge computing is widely used in retail, healthcare, IT & Telecommunications, and life science sector.
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Market Segments:
Breakup by End User:
Industrial
Commercial
Residential
Utility
Breakup by Application:
Location Services
Smart Cities
Data Caching
Augmented Reality
Analytics
Breakup by Technology:
Mobile Edge Computing
Fog Computing
Breakup by Organisation Size:
SMEs
Large enterprises
Breakup by Industry
Retail
IT & Telecommunication
Manufacturing
Healthcare
Energy & Utilities
Consumer Appliances
Transportation and Logistics
Media and Entertainment
Breakup by Component
Hardware
Solutions
Platform
Breakup by Region:
North America
o United States of America
o Canada
Asia Pacific
o China
o Japan
o India
o Rest of APAC
Europe
o United Kingdom
o Germany
o France
o Spain
o Rest of Europe
RoW
o Brazil
o South Africa
o Saudi Arabia
o UAE
o Rest of the world (remaining countries of the LAMEA region)
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