Increase in the number of smart applications, rise in load on cloud infrastructure, and the requirement for assistance for real-time applications facilitate the growth of the global edge computing market. In addition, the emergence of 5G network and advent of various frameworks and languages for IoT solutions would offer opportunities for market players in the next few years. However, the market growth is hindered by the locally available hardware and high costs for maintenance.
According to the report by Allied Market Research, the global edge computing market garnered $1.73 billion in 2017 and is estimated to reach $16.55 billion by 2025, growing at a CAGR of 32.8% from 2018 to 2025. The research offers an extensive analysis of changing market dynamics, key segments, top investment pockets, leading market players, and competitive intelligence.
Solutions segment to continue its dominance in the near future
By component, the solutions segment occupied almost 90% of the overall market share in 2017 and is expected to maintain its dominance through 2025. The software in edge computing solution allows users to run local compute, messaging & data caching in a secure way for connected devices. However, the services segment is poised to grow at the highest CAGR of 35.6% during the forecast period, owing to a growing need to manage analytical data throughout its lifespan.
Connected car segment to grow at the fastest rate during the forecast period
By application, the connected cars segment is projected to register the highest CAGR of 35.9% from 2018 to 2025, due to the increasing need to deliver real-time infotainment and other services in cars. However, the security and surveillance segment is expected to continue its stronghold over the industry and generate almost one-fifth of the global revenue by 2025, on an account of enabling real-time threat detection and reducing network latency.
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Asia-Pacific to register the fastest growth through 2025, North America to maintain its dominance
Regionally, Asia-Pacific is projected to register the highest CAGR of 35.1% during the forecast period, due to the strong penetration of mobile devices, and cellular technologies in emerging economies such as China and India. However, North America was the largest market in 2017, capturing almost two-fifths of the market share and is expected to dominate the market through 2025.
The key players analyzed in the report, they have adopted different strategies including collaborations, joint ventures, partnerships, expansions, mergers & acquisitions, and others to gain a strong position in the industry.
• Amazon Web Services (AWS)
• AT&T Inc.
• Cisco Systems Inc.
• Dell Inc.
• Fujitsu Limited
• Huawei Technologies Co. Ltd.
• IBM Corporation
• Hewlett Packard Enterprise (HPE)
• Microsoft Corporation
• Nokia Corporation
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Key questions answered in the Edge Computing Market research report:
• What is the growth rate of the Edge Computing Market during the forecast period?
• What will be the global Edge Computing Market size from 2019 to 2026?
• What are the leading manufacturing companies in the Edge Computing Market?
• How the major current trends will shape the market in the future?
• What are the driving factors and opportunities in the Edge Computing Market?
• Which will be the niches at which players profiling with thorough plans, financials, and also recent advancements should set a presence?
• Why are some of the segments flourishing at the highest growth rate while others experience a steady growth?
• What are the conclusions of the Edge Computing Market report?
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Allied Market Research (NASDAQ:AMR) is a full-service market research and business consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
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