Edge Computing Market Size in 2021 was worth US $ 6.46 Bn. at a CAGR of 38.2 % and it is expected to reach US $ 86.06 Bn. in 2029.
Market Overview
The report covers the Edge Computing Market's most recent revenue and market trends. It provides a market overview, definition, and structure, as well as preventative and pre-planned management. The report focuses on the factors that influence the Edge Computing Market , such as gross margin, cost, market share, capacity utilization, and supply. It also aids in determining the future potential of the Edge Computing Market in the next few years during the forecast period. The report provides a market overview through common subjects that are highlighted with unique data based on the need. The overview aids in making decisions about how to approach the market and comprehending the industry's backdrop.
Market Scope
The report focuses on the major key drivers and restraints for key companies, as well as the current competitive benchmarking and development prospects. The report provides current Edge Computing Market trends and future insights in terms of demand, supply chain, and sales, as well as recent changes in the market. Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price, and Gross Margin & Sales by Product are all included in this Edge Computing Market research report. For the competitive analysis, the report includes the profile of the key market players in the Edge Computing Market including company overview, financial performance, product portfolio, and strategies. SWOT and PESTLE analysis were used for the research that combines quantitative and qualitative research methods.
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Segmentation
The smart city segment is expected to hold the highest proportion in 2021, according to the application. Because of edge computing, manufacturers have been able to digitise their facilities. Device edge deployments make up a large amount of edge computing in the manufacturing industry. Demand for edge infrastructure capabilities is anticipated to increase as service complexity increases and the infrastructure edge becomes more reachable. The Industry 4.0 initiative also creates a framework for production adjustments in reaction to market shifts, paving the way for edge deployment.
According to verticals, the energy and utility sector had the most share in 2021 with 17%. The adoption of smart grids is anticipated to support revenue growth in the energy and utilities market because they rely on device edge infrastructure. The development of alternative renewable energy sources like wind and solar as well as efforts to improve the efficiency of electrical utility services globally are being driven by environmental sustainability initiatives. Globally, smart grids are being introduced to improve operational efficiencies and provide features like real-time consumption control, interaction with smart appliances, and micro grids to support distributed renewable energy.
Key Players
• Huawei
• Vasona Networks
• Foghorn Systems
• Cisco Systems
• Dell
• Machineshop
• Nokia Networks
• Sixsq
• Saguna Networks
• Aricent
• Adilink Technology
• Juniper Networks, Inc.
• Hewlett Packard Enterprise Development LP
• SixSq Sàrl (Switzerland), FogHorn Systems
• MachineShop Inc.
• Vapor IO (US)
• Xiotech Corporation
• Mirror Image
• Microsoft Corporation
• IBM Corporation
• Cisco Systems Inc.
• Google Inc.
• Hewlett Packard Enterprise Company
• Intel Corporation
• Schneider Electric SE
Regional Analysis
Region dominated the Edge Computing Market in 2021 and is expected to witness significant growth during the forecast period. Government initiatives in the sector and regulations and rein in rising expenses drive the Edge Computing Market growth in the region. The Edge Computing Market report includes a geographic condition of the market, and revenue as well as in-depth research into the business network structure, opportunities, and news updates.
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Key Questions answered in the Edge Computing Market Report are:
- What is Edge Computing Market ?
- What is the forecast period of the Edge Computing Market ?
- What is the competitive scenario of the Edge Computing Market ?
- Which region held the largest market share in the Edge Computing Market ?
- What are the opportunities for the Edge Computing Market ?
- What factors are affecting the Edge Computing Market growth?
- Who are the key players of the Edge Computing Market ?
- Which company held the largest share in the Edge Computing Market ?
- What will be the CAGR of the Edge Computing Market during the forecast period?
- What key trends are likely to emerge in the Edge Computing Market in the coming years?
Key offerings:
- Market Share, Size, and Forecast by Revenue|2022-2029
- Market Dynamics- Growth drivers, Restraints, Investment Opportunities, and key trends
- Market Segmentation: A detailed analysis by Edge Computing Market
- Landscape- Leading key players and other prominent key players.
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