Global Edge Computing Market

Edge Computing Market Size, Share, Growth Analysis, By Component(Hardware (Edge Servers {Edge Compute Nodes, Edge Storage devices}, Edge Gateways {Industrial Edge Gateways, IoT Edge Gateways), By Organization Size(Large Enterprises, and Small and Medium-Sized Enterprises (SMEs)), By Application(Real-time Data Processing & Analytics (Stream Processing, Complex Event Processing (CEP), Data Fusion), Predictive Maintenance & Optimization (Predictive Maintenance), By Vertical(Manufacturing (Quality Control, Process Optimization, Remote Equipment Monitoring, Condition-based Monitoring), By Region - Industry Forecast 2025-2032


Report ID: SQMIG45I2085 | Region: Global | Published Date: June, 2024
Pages: 197 | Tables: 59 | Figures: 75

Edge Computing Market Regional Insights

North America is the largest region in the edge computing market and holds a share of about 39.6% in the market. The US is expected to grow at a CAGR of 30.6% during the forecasted period. The region is dominated due to the strong presence of vendors such as Amazon Web Service, Inc, General Electric, and others. These help in developing new solutions. The manufacturers in the U.S. are moving towards connected factories as the convergence of IoT to edge computing is shaping favourable conditions for them. For enabling edge computed solutions different startups are also growing up to provide such platforms which is surging the market growth. For instance, Telus communications and MobiledgeX, Inc. collaborated for building a program, MobiledgeX early access programme. 

On the other hand, Asia-Pacific is the fastest growing region in the  market and is expected to grow at a CAGR of 42.7% during the forecasted period. The continuously growing networking technology in this region is also driving the market. Furthermore, the growth in technology which include IoT, launch of 5G network, and Industry 4.0 are leading to the expansion of connected devices ecosystem which is leading towards the demand for strong computerized infrastructure. Due to these various industries are entering into the regions of developing countries like India, Indonesia, and others. Therefore, driving the growth of the market.

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FAQs

Edge Computing Market size was valued at USD 15.42 Billion in 2023 and is poised to grow from USD 21.14 Billion in 2024 to USD 263.76 Billion by 2032, growing at a CAGR of 37.09% during the forecast period (2025-2032).

The global edge computing market is highly competitive in nature, with the presence of numerous players offering a diverse range of edge computing solutions and services. To remain competitive, players are focusing on developing innovative and cost-effective solutions that can cater to the diverse needs of various industries.  'Amazon Web Services (US)', 'Dell Technologies, Inc. (US)', 'General Electric Company (US)', 'Fujitsu Ltd. (Japan) ', 'Hewlett Packard Enterprise Company (US) ', 'IBM Corporation (US) ', 'Juniper Networks, Inc. (US) ', 'NXP Semiconductors N.V. (Netherlands) ', 'Schneider Electric SE (France) ', 'SAP SE (Germany) ', 'Tencent Holdings Limited (China) ', 'Vodafone Group Plc (UK) ', 'Siemens AG (Germany) ', 'Verizon Communications Inc. (US) ', 'Cisco Systems, Inc. (US) ', 'Huawei Technologies Co., Ltd. (China) ', 'Intel Corporation (US) ', 'Microsoft Corporation (US) ', 'Nokia Corporation (Finland) ', 'Oracle Corporation (US)'

The increasing demand for low-latency data processing devices in industries such as manufacturing, healthcare, and others is driving the demand for edge computing systems. these require continuous and quick access to their data for increasing their operations and correct decision making. Discontinuous increasing demand for rapid data processing and real time analytics is driving the market. 

Rising Adoption of Edge Computing in Telecommunication Sector: The telecommunication sector is growing continuously by updating its infrastructure by integrating 5G worldwide which is driving towards the adoption of edge computing resources. The 5G and the IoT technology with the help of edge computing will help in reshaping the telecom sector. This will help the telecom sector in boosting their connectivity and in reducing latency for their customers and will introduce new services like data management at the edge. The 5G, IoT, and edge computing would be transformational for both communication service providers and their customers. The telecom industry is investing in the edge computing technologies which will help in developing new technologies and enhance user experiences.

North America is the largest region in the edge computing market and holds a share of about 39.6% in the market. The US is expected to grow at a CAGR of 30.6% during the forecasted period. The region is dominated due to the strong presence of vendors such as Amazon Web Service, Inc, General Electric, and others. These help in developing new solutions. The manufacturers in the U.S. are moving towards connected factories as the convergence of IoT to edge computing is shaping favourable conditions for them. For enabling edge computed solutions different startups are also growing up to provide such platforms which is surging the market growth. For instance, Telus communications and MobiledgeX, Inc. collaborated for building a program, MobiledgeX early access programme. 

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Global Edge Computing Market

Report ID: SQMIG45I2085

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