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Global Edge Computing Market Analytics Report 2022: Market to Reach $21.6 Billion by 2027 – With Millions Working From Home, This Newly-Distributed Workforce Will Accelerate Adoption of Edge Computing – ResearchAndMarkets.com – Brazosport Facts

DUBLIN–(BUSINESS WIRE)–Oct 24, 2022–

Global Edge Computing Market to Reach $21.6 Billion by 2027

Amid the COVID-19 crisis, the global market for Edge Computing estimated at US$4 Billion in the year 2020, is projected to reach a revised size of US$21.6 Billion by 2027, growing at a CAGR of 27% over the period 2020-2027.

Hardware, one of the segments analyzed in the report, is projected to record a 26.2% CAGR and reach US$10.4 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Platform segment is readjusted to a revised 28.3% CAGR for the next 7-year period.

The U.S. Market is Estimated at $1.5 Billion, While China is Forecast to Grow at 35.3% CAGR

The Edge Computing market in the U.S. is estimated at US$1.5 Billion in the year 2020. China, the world’s second largest economy, is forecast to reach a projected market size of US$3.1 Billion by the year 2027 trailing a CAGR of 35.3% over the period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 23.6% and 27.5% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 24% CAGR.

Other Components Segment to Record 27.5% CAGR

In the global Other Components segment, USA, Canada, Japan, China and Europe will drive the 27.5% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$984.5 Million in the year 2020 will reach a projected size of US$5.2 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets.

What’s New for 2022?

  • Global competitiveness and key competitor percentage market shares
  • Market presence across multiple geographies – Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to a digital archives and Research Platform
  • Complimentary updates for one year

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Competitive Market Presence – Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
  • The Age of Digitalization, Now Catalyzed by the Pandemic, Provides the Foundation for the Rise of Edge Computing
  • The Pandemic Creates a Scenario Where Digitalization Equals Survival
  • Edge Computing: Overview, Importance, & Benefits
  • Here’s What to Expect in the Edge Computing Market
  • Recent Market Activity
  • Innovations
  • World Brands

2. FOCUS ON SELECT PLAYERS (Total 256 Featured)

  • ABB Ltd
  • ADLINK Technology Inc.
  • Amazon Web Services (AWS), Inc
  • Atos SE
  • Axellio Inc.
  • Azion Technologies, Inc.
  • Belden Inc.
  • Cisco Systems, Inc.
  • ClearBlade, Inc.
  • Dell Inc.
  • Digi International Inc.
  • Edge Intelligence Software, Inc.
  • EdgeConneX Inc.
  • EdgeIQ
  • Edgeworx, Inc
  • Foghorn Systems
  • General Electric Company
  • Google LLC
  • Hewlett Packard Enterprise Development LP
  • Huawei Technologies Co., Ltd
  • Intel Corporation
  • International Business Machines Corporation
  • Juniper Networks, Inc.
  • Litmus Automation Inc.
  • Microsoft Corporation
  • Moxa Inc.
  • Nokia Corporation
  • Phoenix Contact GmbH & Co. KG
  • Rockwell Automation, Inc.
  • Saguna Networks Ltd
  • SAP SE
  • Siemens AG
  • Sierra Wireless, Inc
  • SixSq SA

3. MARKET TRENDS & DRIVERS

  • COVID-19-Induced Work From Home (WFH) Pushes Businesses Closer to Edge Computing
  • With Millions Working From Home, This Newly-Distributed Workforce Will Accelerate Adoption of Edge Computing
  • Edge Computing Enabled Smart Cities Become the New Reality
  • COVID-19 Highlights the Value of Smart Cities During Times of Crisis
  • Why Edge Computing is Crucial for Smart Cities?
  • Focus on Reshaping City Resilience to Future Pandemics & Crisis Will Spur Rejuvenated Spending on Smart City Projects in the Post COVID-19 Period, Providing a Goldmine of Opportunities for Edge Computing
  • Edge Computing & 5G: A Perfect Pair: Here’s Why
  • A Growing Market for Smart Agriculture to Boost Adoption of Edge Computing
  • Smart Agriculture Becomes a US$12 Billion Global Market
  • Smart Agriculture Opens a Wealth of Opportunity for Edge Computing
  • Edge Computing’s Role in Smart Agriculture Demystified
  • Digital Transformation Spending in Transportation & Logistics to Spur Adoption of Edge Computing
  • Rapid Digitalization of the Transportation Industry Spells Opportunity for Edge Computing in Smart Management of IoT Enabled Fleets
  • Smart Retail Evolution Heavily Dependent Upon Edge Computing
  • As Smart Retail Evolves, Edge Computing Becomes Vital in Realizing the Promised Benefits
  • The Strengthening Relationship Between Edge Computing and Mobility, Gives Rise to the Massively Popular Mobile Edge Computing
  • Mobile Edge-Powered Computing Offers Intriguing Advantages for Location-Based Applications
  • Manufacturing & IIoT Emerge As Important End-Users of Edge Computing
  • Rise in IoT Ecosystem, the Cornerstone for Future Growth
  • Manufacturing Automation Catches Fire
  • The Growing Momentum Towards Manufacturing Automation to Encourage Adoption of Edge Computing
  • Why Edge Computing is a Necessity in Age of Manufacturing Automation & Industrial IoT (IIoT)
  • The Age of Analytics Pushes Up the Need for Mobile Edge Computing
  • As Remote Monitoring & Control Rises in Prominence, Its Time to Take This Capability to the Edge
  • Expanding Applications of Edge Computing in AR Wearables to Benefit Market Growth
  • Edge Computing in Healthcare, the Only Way to Unlock the Benefits of Value-based Care
  • Accelerating Pace of Connected Care Adoption Drives Opportunities for Edge Computing
  • Edge Computing to Become an Indispensable Part of Connected Healthcare
  • Edge AI – Next Frontier of Digital Transformation

4. GLOBAL MARKET PERSPECTIVE

III. REGIONAL MARKET ANALYSIS

IV. COMPETITION

Laura Wood, Senior Press Manager

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INDUSTRY KEYWORD: TECHNOLOGY DATA MANAGEMENT IOT (INTERNET OF THINGS) WEARABLES/MOBILE TECHNOLOGY

SOURCE: Research and Markets

Copyright Business Wire 2022.

PUB: 10/24/2022 09:48 AM/DISC: 10/24/2022 09:48 AM

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