The Edge Computing Market is projected to reach $122.7 billion by 2030, at a CAGR of 37.1% from 2023 to 2030. The growth of the edge computing market is attributed to the growing adoption of Industrial IoT solutions and the rising demand for low-latency processing and real-time automated decision-making solutions. However, the high capital expenditure required for infrastructure development restrains the market’s growth.
Moreover, the emergence of autonomous vehicles and connected car infrastructure is anticipated to offer significant opportunities for the growth of the global edge computing market. However, security concerns related to IoT devices may hinder the market's growth.
Leading manufacturing companies across diverse geographic regions are consistently expanding their manufacturing operations while embracing smart manufacturing technologies. The integration of IoT sensors and IoT-enabled devices is at the center of this technological evolution of the industrial sector. However, the challenge lies in managing extensive data transmissions to and from numerous IIoT devices located in remote sites, connected via diverse network connections, all within tight timeframes. Industrial IoT solutions play a pivotal role in facilitating digital transformation across various industrial and critical infrastructure sectors.
In recent years, many organizations have shifted their focus toward edge-based solutions, recognizing the value that edge computing can bring to their industrial Internet of Things (IIoT) projects. Market participants are increasingly collaborating to offer edge computing solutions for industrial IoT applications. For instance, in September 2023, SECO S.p.A. (Italy) partnered with Qualcomm Technologies, Inc. (U.S.) to accelerate the development of new edge computing products for industrial IoT applications. Additionally, in February 2021, IBM Corporation (U.S.) collaborated with Siemens AG (Germany) and Red Hat, Inc. (U.S.) to leverage IBM's open hybrid cloud approach, based on Red Hat OpenShift, to develop MindSphere industrial IoT software and expand their edge computing footprint. This endeavor aims to provide an open, flexible, and more secure solution for manufacturers and plant operators to derive real-time value from operational data. These developments are driving the adoption of industrial IoT solutions and, thus, supporting the growth of the edge computing market.
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In 2023, the Hardware Segment is Expected to Dominate the Global Edge Computing Market
Based on component, in 2023, the hardware segment is expected to account for the largest share of the global edge computing market. In 2023, the hardware segment is expected to account for the largest share of the global edge computing market. The large market share of this segment is attributed to the increasing IoT deployments and increasing investments in edge computing infrastructure by market players. For instance, in February 2023, bitsensing (South Korea) launched 24GHz Traffic Insight Monitoring Sensor (TIMOS), powered by the NVIDIA Jetson platform, with AI edge computing to enable the smart city environment by delivering accurate and reliable real-time detection on the road including traffic statistics, incidents, violations, and ETA.
The Content Delivery Segment to Register the Highest CAGR During the Forecast Period
Based on application, the content delivery segment is projected to register the highest CAGR during the forecast period. The growth of this segment can be attributed to the growing demand for expedited data processing over content delivery networks and the increasing need to minimize data transmission costs for enterprises and various stakeholders.
In 2023, the Energy & Utilities Segment is Expected to Dominate the Global Edge Computing Market
Based on end-use industry, in 2023, the hardware segment is expected to account for the largest share of the global edge computing market. In 2023, the energy & utilities segment is expected to account for the largest share of the global edge computing market. The large market share of this segment can be attributed to the increasing initiatives by market players to implement edge computing for data processing in remote locations, as well as the growing need to enhance production capabilities, streamline processes, and extend the life of assets. For instance, in June 2023, Itron Inc. (U.S.) launched the Edge Gateway, an edge-computing platform aimed at empowering utilities to achieve decarbonization and sustainability objectives while efficiently managing critical infrastructure.
Asia-Pacific to Register the Highest CAGR During the Forecast Period
Based on geography, Asia-Pacific is projected to register the highest CAGR during the forecast period. The growth of this regional market is attributed to the increasing cloud traffic, a growing preference among both government bodies and market players for local data storage and processing, and the rising investments in the telecommunications sector. Additionally, government initiatives promoting digitalization across various industries and substantial investments in IoT and cloud technologies contribute to the market's growth in the region.
Key Players
The report includes a competitive landscape based on an extensive assessment of the key growth strategies adopted by major market players in the last three to four years. The key players profiled in the global edge computing market study are Amazon Web Services (U.S.), Microsoft Corporation (U.S.), Dell Technologies, Inc. (U.S.), Hewlett-Packard Enterprise Company (U.S.), General Electric Company (U.S.), Huawei Technologies Co., Ltd. (China), IBM Corporation (U.S.), Juniper Networks, Inc. (U.S.), Cisco Systems, Inc. (U.S.), FogHorn Systems, Inc. (U.S.), Google LLC (U.S.), Intel Corporation (U.S.), SAP SE (Germany), MachineShop, Inc. (U.S.), and Saguna Networks Ltd. (Israel).
Scope of the Report:
Edge Computing Market Assessment, by Component
Edge Computing Market Assessment, by Application
Edge Computing Market Assessment, by End-use Industry
Edge Computing Market Assessment, by Geography
Key questions answered in the report:
The global edge computing market is projected to reach $122.7 billion by 2030, at a CAGR of 37.1% during the forecast period.
The growth of the edge computing market is attributed to the increasing load on cloud infrastructure, the growing adoption of Industrial IoT solutions, and the rising demand for low-latency processing and real-time automated decision-making solutions. Moreover, the emergence of autonomous vehicles and connected car infrastructure is anticipated to offer significant opportunities for the growth of the global edge computing market.
The key players operating in the global edge computing market are Amazon Web Services (U.S.), Microsoft Corporation (U.S.), Dell Technologies, Inc. (U.S.), Hewlett-Packard Enterprise Company (U.S.), General Electric Company (U.S.), Huawei Technologies Co., Ltd. (China), IBM Corporation (U.S.), Juniper Networks, Inc. (U.S.), Cisco Systems, Inc. (U.S.), FogHorn Systems, Inc. (U.S.), Google LLC (U.S.), Intel Corporation (U.S.), SAP SE (Germany), MachineShop, Inc. (U.S.), and Saguna Networks Ltd. (Israel).
Currently, North America dominates the global edge computing market. However, the market in Asia-Pacific is projected to register the highest CAGR during the forecast period.
This report provides pre & post COVID-19 market estimates.
1. Introduction
1.1. Market Definition & Scope
1.2. Currency & Limitations
1.2.1. Currency
1.2.2. Limitations
2. Research Methodology
2.1. Research Approach
2.2. Process of Data Collection & Validation
2.2.1. Secondary Research
2.2.2. Primary Research/Interviews with Key Opinion Leaders of the Industry
2.3. Market Sizing and Forecast
2.3.1. Market Size Estimation Approach
2.3.2. Growth Forecast Approach
2.4. Assumptions for the Study
3. Executive Summary
4. Market Insights
4.1. Overview
4.2. Factors Affecting Market Growth
4.2.1. Drivers
4.2.1.1. Increasing Load on Cloud Infrastructure
4.2.1.2. Rising Adoption of Industrial IoT Solutions
4.2.1.3. Rising Demand for Low-Latency Processing and Real-Time Automated Decision-Making Solutions
4.2.2. Restraints
4.2.2.1. High Capital Expenditure for Infrastructure Development
4.2.3. Opportunities
4.2.3.1. Emergence of Autonomous Vehicles and Connected Car Infrastructure
4.2.4. Challenges
4.2.4.1. Security Vulnerabilities Associated with IoT Devices
4.3. Market Trends
4.4. Case Studies
4.5. Vendor Selection Criteria/Factors Affecting Buying Decision
5. Global Edge Computing Market Assessment—by Component
5.1. Overview
5.2. Hardware
5.3. Platform
5.4. Services
5.4.1. Training and Support
5.4.2. Consulting Services
6. Global Edge Computing Market Assessment—by Application
6.1. Overview
6.2. Smart Cities
6.3. Industrial IoT
6.4. AR/VR
6.5. Remote Monitoring
6.6. Content Delivery
6.7. Other Applications
7. Global Edge Computing Market Assessment—by End-use Industry
7.1. Overview
7.2. Energy & Utilities
7.3. Transportation & Logistics
7.4. Manufacturing
7.5. Healthcare
7.6. Government & Defense
7.7. Retail
7.8. Telecommunication
7.9. Media & Entertainment
7.10. Other End-use Industries
8. Edge Computing Market Assessment—by Geography
8.1. Overview
8.2. North America
8.2.1. U.S.
8.2.2. Canada
8.3. Europe
8.3.1. Germany
8.3.2. U.K.
8.3.3. France
8.3.4. Italy
8.3.5. Spain
8.3.6. Rest of Europe
8.4. Asia-Pacific
8.4.1. Japan
8.4.2. China
8.4.3. India
8.4.4. South Korea
8.4.5. Australia & New Zealand
8.4.6. Rest of Asia-Pacific
8.5. Latin America
8.6. Middle East & Africa
9. Competition Analysis
9.1. Overview
9.2. Key Growth Strategies
9.3. Competitive Benchmarking
9.4. Competitive Dashboard
9.4.1. Industry Leaders
9.4.2. Market Differentiators
9.4.3. Vanguards
9.4.4. Emerging Companies
9.5. Market Share Analysis
10. Company Profiles (Company Overview, Financial Overview, Product Portfolio, and Strategic Developments)
10.1. Amazon Web Services
10.2. Microsoft Corporation
10.3. Dell Technologies, Inc.
10.4. Hewlett-Packard Enterprise Company
10.5. General Electric Company
10.6. Huawei Technologies Co., Ltd.
10.7. IBM Corporation
10.8. Juniper Networks, Inc.
10.9. Cisco Systems, Inc.
10.10. FogHorn Systems, Inc.
10.11. Google LLC
10.12. Intel Corporation
10.13. SAP SE
10.14. MachineShop, Inc.
10.15. Saguna Networks Ltd.
(Note: SWOT Analysis of Top 5 Companies Will Be Provided.)
11. Appendix
11.1. Available Customization
11.2. Related Reports
List of Tables
Table 1 Global Edge Computing Market, by Component, 2021–2030 (USD Million)
Table 2 Global Edge Computing Hardware Market, by Country/Region, 2021–2030 (USD Million)
Table 3 Global Edge Computing Platform Market, by Country/Region, 2021–2030 (USD Million)
Table 4 Global Edge Computing Services Market, by Type, 2021–2030 (USD Million)
Table 5 Global Edge Computing Services Market, by Country/Region, 2021–2030 (USD Million)
Table 6 Global Edge Computing Training and Support Services Market, by Country/Region, 2021–2030 (USD Million)
Table 7 Global Edge Computing Consulting Services Market, by Country/Region, 2021–2030 (USD Million)
Table 8 Global Edge Computing Market, by Application, 2021–2030 (USD Million)
Table 9 Global Edge Computing Market for Smart Cities, by Country/Region, 2021–2030 (USD Million)
Table 10 Global Edge Computing Market for Industrial IoT, by Country/Region, 2021–2030 (USD Million)
Table 11 Global Edge Computing Market for AR/VR, by Country/Region, 2021–2030 (USD Million)
Table 12 Global Edge Computing Market for Remote Monitoring, by Country/Region, 2021–2030 (USD Million)
Table 13 Global Edge Computing Market for Content Delivery, by Country/Region, 2021–2030 (USD Million)
Table 14 Global Edge Computing Market for Other Applications, by Country/Region, 2021–2030 (USD Million)
Table 15 Global Edge Computing Market, by End-use Industry, 2021–2030 (USD Million)
Table 16 Global Edge Computing Market for Energy & Utilities, by Country/Region, 2021–2030 (USD Million)
Table 17 Global Edge Computing Market for Transportation & Logistics, by Country/Region, 2021–2030 (USD Million)
Table 18 Global Edge Computing Market for Manufacturing, by Country/Region, 2021–2030 (USD Million)
Table 19 Global Edge Computing Market for Healthcare, by Country/Region, 2021–2030 (USD Million)
Table 20 Global Edge Computing Market for Government & Defense, by Country/Region, 2021–2030 (USD Million)
Table 21 Global Edge Computing Market for Retail, by Country/Region, 2021–2030 (USD Million)
Table 22 Global Edge Computing Market for Telecommunication, by Country/Region, 2021–2030 (USD Million)
Table 23 Global Edge Computing Market for Media & Entertainment, by Country/Region, 2021–2030 (USD Million)
Table 24 Global Edge Computing Market for Other End-use Industries, by Country/Region, 2021–2030 (USD Million)
Table 25 Global: Edge Computing Market, by Country/Region, 2021–2030 (USD Million)
Table 26 North America: Edge Computing Market, by Country, 2021–2030 (USD Million)
Table 27 North America: Edge Computing Market, by Component, 2021–2030 (USD Million)
Table 28 North America: Edge Computing Services Market, by Type, 2021–2030 (USD Million)
Table 29 North America: Edge Computing Market, by Application, 2021–2030 (USD Million)
Table 30 North America: Edge Computing Market, by End-use Industry, 2021–2030 (USD Million)
Table 31 U.S.: Edge Computing Market, by Component, 2021–2030 (USD Million)
Table 32 U.S.: Edge Computing Services Market, by Type, 2021–2030 (USD Million)
Table 33 U.S.: Edge Computing Market, by Application, 2021–2030 (USD Million)
Table 34 U.S.: Edge Computing Market, by End-use Industry, 2021–2030 (USD Million)
Table 35 Canada: Edge Computing Market, by Component, 2021–2030 (USD Million)
Table 36 Canada: Edge Computing Services Market, by Type, 2021–2030 (USD Million)
Table 37 Canada: Edge Computing Market, by Application, 2021–2030 (USD Million)
Table 38 Canada: Edge Computing Market, by End-use Industry, 2021–2030 (USD Million)
Table 39 Europe: Edge Computing Market, by Country/Region, 2021–2030 (USD Million)
Table 40 Europe: Edge Computing Market, by Component, 2021–2030 (USD Million)
Table 41 Europe: Edge Computing Services Market, by Type, 2021–2030 (USD Million)
Table 42 Europe: Edge Computing Market, by Application, 2021–2030 (USD Million)
Table 43 Europe: Edge Computing Market, by End-use Industry, 2021–2030 (USD Million)
Table 44 Germany: Edge Computing Market, by Component, 2021–2030 (USD Million)
Table 45 Germany: Edge Computing Services Market, by Type, 2021–2030 (USD Million)
Table 46 Germany: Edge Computing Market, by Application, 2021–2030 (USD Million)
Table 47 Germany: Edge Computing Market, by End-use Industry, 2021–2030 (USD Million)
Table 48 U.K.: Edge Computing Market, by Component, 2021–2030 (USD Million)
Table 49 U.K.: Edge Computing Services Market, by Type, 2021–2030 (USD Million)
Table 50 U.K.: Edge Computing Market, by Application, 2021–2030 (USD Million)
Table 51 U.K.: Edge Computing Market, by End-use Industry, 2021–2030 (USD Million)
Table 52 France: Edge Computing Market, by Component, 2021–2030 (USD Million)
Table 53 France: Edge Computing Services Market, by Type, 2021–2030 (USD Million)
Table 54 France: Edge Computing Market, by Application, 2021–2030 (USD Million)
Table 55 France: Edge Computing Market, by End-use Industry, 2021–2030 (USD Million)
Table 56 Italy: Edge Computing Market, by Component, 2021–2030 (USD Million)
Table 57 Italy: Edge Computing Services Market, by Type, 2021–2030 (USD Million)
Table 58 Italy: Edge Computing Market, by Application, 2021–2030 (USD Million)
Table 59 Italy: Edge Computing Market, by End-use Industry, 2021–2030 (USD Million)
Table 60 Spain: Edge Computing Market, by Component, 2021–2030 (USD Million)
Table 61 Spain: Edge Computing Services Market, by Type, 2021–2030 (USD Million)
Table 62 Spain: Edge Computing Market, by Application, 2021–2030 (USD Million)
Table 63 Spain: Edge Computing Market, by End-use Industry, 2021–2030 (USD Million)
Table 64 Rest of Europe: Edge Computing Market, by Component, 2021–2030 (USD Million)
Table 65 Rest of Europe: Edge Computing Services Market, by Type, 2021–2030 (USD Million)
Table 66 Rest of Europe: Edge Computing Market, by Application, 2021–2030 (USD Million)
Table 67 Rest of Europe: Edge Computing Market, by End-use Industry, 2021–2030 (USD Million)
Table 68 Asia-Pacific: Edge Computing Market, by Country/Region, 2021–2030 (USD Million)
Table 69 Asia-Pacific: Edge Computing Market, by Component, 2021–2030 (USD Million)
Table 70 Asia-Pacific: Edge Computing Services Market, by Type, 2021–2030 (USD Million)
Table 71 Asia-Pacific: Edge Computing Market, by Application, 2021–2030 (USD Million)
Table 72 Asia-Pacific: Edge Computing Market, by End-use Industry, 2021–2030 (USD Million)
Table 73 Japan: Edge Computing Market, by Component, 2021–2030 (USD Million)
Table 74 Japan: Edge Computing Services Market, by Type, 2021–2030 (USD Million)
Table 75 Japan: Edge Computing Market, by Application, 2021–2030 (USD Million)
Table 76 Japan: Edge Computing Market, by End-use Industry, 2021–2030 (USD Million)
Table 77 China: Edge Computing Market, by Component, 2021–2030 (USD Million)
Table 78 China: Edge Computing Services Market, by Type, 2021–2030 (USD Million)
Table 79 China: Edge Computing Market, by Application, 2021–2030 (USD Million)
Table 80 China: Edge Computing Market, by End-use Industry, 2021–2030 (USD Million)
Table 81 India: Edge Computing Market, by Component, 2021–2030 (USD Million)
Table 82 India: Edge Computing Services Market, by Type, 2021–2030 (USD Million)
Table 83 India: Edge Computing Market, by Application, 2021–2030 (USD Million)
Table 84 India: Edge Computing Market, by End-use Industry, 2021–2030 (USD Million)
Table 85 South Korea: Edge Computing Market, by Component, 2021–2030 (USD Million)
Table 86 South Korea: Edge Computing Services Market, by Type, 2021–2030 (USD Million)
Table 87 South Korea: Edge Computing Market, by Application, 2021–2030 (USD Million)
Table 88 South Korea: Edge Computing Market, by End-use Industry, 2021–2030 (USD Million)
Table 89 Australia & New Zealand: Edge Computing Market, by Component, 2021–2030 (USD Million)
Table 90 Australia & New Zealand: Edge Computing Services Market, by Type, 2021–2030 (USD Million)
Table 91 Australia & New Zealand: Edge Computing Market, by Application, 2021–2030 (USD Million)
Table 92 Australia & New Zealand: Edge Computing Market, by End-use Industry, 2021–2030 (USD Million)
Table 93 Rest of Asia-Pacific: Edge Computing Market, by Component, 2021–2030 (USD Million)
Table 94 Rest of Asia-Pacific: Edge Computing Services Market, by Type, 2021–2030 (USD Million)
Table 95 Rest of Asia-Pacific: Edge Computing Market, by Application, 2021–2030 (USD Million)
Table 96 Rest of Asia-Pacific: Edge Computing Market, by End-use Industry, 2021–2030 (USD Million)
Table 97 Latin America: Edge Computing Market, by Component, 2021–2030 (USD Million)
Table 98 Latin America: Edge Computing Services Market, by Type, 2021–2030 (USD Million)
Table 99 Latin America: Edge Computing Market, by Application, 2021–2030 (USD Million)
Table 100 Latin America: Edge Computing Market, by End-use Industry, 2021–2030 (USD Million)
Table 101 Middle East & Africa: Edge Computing Market, by Component, 2021–2030 (USD Million)
Table 102 Middle East & Africa: Edge Computing Services Market, by Type, 2021–2030 (USD Million)
Table 103 Middle East & Africa: Edge Computing Market, by Application, 2021–2030 (USD Million)
Table 104 Middle East & Africa: Edge Computing Market, by End-use Industry, 2021–2030 (USD Million)
Table 105 Recent Developments, by Company, 2020–2023
List of Figures
Figure 1 Market Ecosystem
Figure 2 Key Stakeholders
Figure 3 Research Process
Figure 4 Key Secondary Sources
Figure 5 Primary Research Techniques
Figure 6 Key Executives Interviewed
Figure 7 Breakdown of Primary Interviews (Supply Side & Demand Side)
Figure 8 Market Sizing and Growth Forecast Approach
Figure 9 Key Insights
Figure 10 Global Edge Computing Market, by Component, 2021–2030 (USD Million)
Figure 11 Global Edge Computing Market, by Application, 2021–2030 (USD Million)
Figure 12 Global Edge Computing Market, by End-use Industry, 2021–2030 (USD Million)
Figure 13 Global Edge Computing Market, by Country, 2023 Vs. 2030 (USD Million)
Figure 14 Impact Analysis: Global Edge Computing Market
Figure 15 Global Edge Computing Market, by Component, 2023 Vs. 2030 (USD Million)
Figure 16 Global Edge Computing Market, by Application, 2023 Vs. 2030 (USD Million)
Figure 17 Global Edge Computing Market, by End-use Industry, 2023 Vs. 2030 (USD Million)
Figure 18 Global Edge Computing Market, by Country/Region, 2021–2030 (USD Million)
Figure 19 North America: Edge Computing Market Snapshot
Figure 20 Europe: Edge Computing Market Snapshot
Figure 21 Asia-Pacific: Edge Computing Market Snapshot
Figure 22 Growth Strategies Adopted by Leading Market Players (2020–2023)
Figure 23 Vendor Market Positioning Analysis (2021–2023)
Figure 24 Competitive Dashboard: Global Edge Computing Market
Figure 25 Amazon Web Services: Financial Overview (2022)
Figure 26 Microsoft Corporation: Financial Overview (2022)
Figure 27 Dell Technologies, Inc.: Financial Overview (2022)
Figure 28 Hewlett-Packard Enterprise Company: Financial Overview (2022)
Figure 29 General Electric Company: Financial Overview (2022)
Figure 30 Huawei Technologies Co., Ltd.: Financial Overview (2022)
Figure 31 IBM Corporation: Financial Overview (2022)
Figure 32 Juniper Networks, Inc.: Financial Overview (2022)
Figure 33 Cisco Systems, Inc.: Financial Overview (2022)
Figure 34 Google LLC: Financial Overview (2022)
Figure 35 Intel Corporation: Financial Overview (2022)
Figure 36 SAP SE: Financial Overview (2022)
This report provides pre & post COVID-19 market estimates.
This report provides pre & post COVID-19 market estimates.
Published Date: Dec-2023
Published Date: Sep-2023
Published Date: Jan-2023
Published Date: Jun-2019
Published Date: Oct-2023
