Edge Computing Market Size in 2022 was worth US $ 8.93 Bn. at a CAGR of 38.2 % and it is expected to reach US $ 85.96 Bn. in 2029.

Market Overview:

In the Edge Computing market, we delve into the competitive landscape, offering insights into various aspects of key players. This includes their firm overview, financials, revenue generation, market potential, R&D investments, new market initiatives, geographical reach, business strengths, weaknesses, product introductions, and application dominance. Please note that the information provided pertains exclusively to the organization's focus on the Edge Computing market.

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Market Scope:

To ascertain market size and segment estimates, we employ both top-down and bottom-up approaches. Our research relies on sale prices (excluding any manufacturer, distributor, wholesaler, or trader discounts). We apply weights based on usage rates and average sale prices to generate percentage splits, market shares, and segment breakdowns. Country-wise divisions of the overall market and its sub-segments are determined by the adoption or usage percentage of the specified market size in the relevant regions or nations.

Drivers:

IoT use is expanding across industries: As a result of the rise of IoT, organizations are relying more and more on centralized cloud computing and storage solutions. There are numerous latency and cost issues to consider when moving the entire IT infrastructure to the cloud. The use of edge computing solutions, such as edge nodes, devices, and hyper-localized data centers, is growing among companies that deploy IoT sensors, actuators, and other IoT devices.

By enabling data processing to take place closer to the data source, edge computing enhances the current cloud paradigm and enables businesses to make decisions more quickly. For instance, Purdue University collaborated with a provider of edge computing solutions to research and improve plant growth and food production processes utilizing IoT sensors and gadgets.

Segmentation:

We identify market leaders through primary and secondary research and calculate market revenue accordingly. Our primary study includes in-depth interviews with key thought leaders and industry professionals, including front-line staff, CEOs, and marketing executives. Secondary research involves reviewing annual and financial reports of major manufacturers. Secondary data complements primary findings, helping us determine percentage splits, market shares, growth rates, and global market breakdowns.

by Component

Service
Solutions
Hardware
Platform

by Application

Smart Cities
Analytics
Location Services
Data Caching
Augmented Reality
Optimized Local Content
Environmental Monitoring
Others

by Organization Size

Small & Medium Enterprises
Large Enterprises

by Vertical

Manufacturing
Transportation
Healthcare
Media & Entertainment
Telecom & IT
Government & Public
Energy & Utilities
Retail
Others

Key Players:

Within the Edge Computing market, the key players include:

1. Huawei
2. Vasona Networks
3. Foghorn Systems
4. Cisco Systems
5. Dell
6. Machineshop
7. Nokia Networks
8. Sixsq
9. Saguna Networks
10.Aricent
11.Adilink Technology
12.Juniper Networks, Inc.
13.Hewlett Packard Enterprise Development LP
14.SixSq Sàrl (Switzerland), FogHorn Systems
15.MachineShop Inc.
16.Vapor IO (US)
17.Xiotech Corporation
18.Mirror Image
19.Microsoft Corporation
20.IBM Corporation
21.Cisco Systems Inc.
22.Google Inc.
23.Hewlett Packard Enterprise Company
24.Intel Corporation
25.Schneider Electric SE

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Regional Analysis:

Our research explores individual market influencers and changing market rules that impact current and future trends in various regions. We utilize downstream and upstream value chain analysis, technology trends, Porter's five forces analysis, and case studies to anticipate market scenarios in different nations.

COVID-19 Impact Analysis on Edge Computing Market:

We also evaluate COVID-19's effect on the Edge Computing market. Our research aims to help users grasp the market's definition, segmentation, potential, significant trends, and challenges across major regions. We provide microeconomic and macroeconomic analyses of COVID-19's overall impact on the Edge Computing Market, focusing on market share, size, and the pandemic's implications for the global Edge Computing Market in the coming years.

Key Issues Addressed in the Market Report for Edge Computing :

What is the projected CAGR of the Edge Computing market during the period from 2023 to 2029?
• Which market category is poised to emerge as the leader in the Edge Computing industry?
• Who are the prominent players in the Edge Computing market?
• What are the key trends expected to shape the Edge Computing industry in the forecast period?
• How substantial will the Edge Computing market be by 2029?
• In 2020, which business segment held the largest share of the Edge Computing market?

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