Edge Computing Market Size, Share, Trends and Forecast 2030, by Types (Hardware, Software, Services) by Applications (Smart cities Industrial IoT, Healthcare, Retail, Transportation, Energy and utilities, Gaming)

Report ID :
2496

Publisher ID :
theinsightbridge

Published :
2023-06-05

Pages :
150

Purchase Option
$4500

Edge Computing Market Introduction 

The wireless home security camera market has several key industry players, including:

  1. Nest Labs: A subsidiary of Google, Nest Labs offers a range of smart home devices, including security cameras, doorbells, and thermostats.
  2. Arlo Technologies, Inc.: Arlo is a leading provider of wireless security cameras, offering a range of indoor and outdoor cameras with advanced features like motion detection and night vision.
  3. Ring: Ring is a subsidiary of Amazon that offers a range of home security products, including wireless security cameras, video doorbells, and security systems.
  4. Wyze Labs: Wyze is a relatively new player in the home security camera market, but it has quickly gained a following with its affordable, high-quality cameras.
  5. SimpliSafe: SimpliSafe is a home security company that offers a range of wireless security cameras, as well as other home security products like door and window sensors and motion detectors.
  6. Reolink: Reolink is a provider of wireless security cameras for both home and business use, with products ranging from indoor cameras to outdoor cameras with weatherproofing and night vision capabilities.
  7. Blink: Blink is a provider of wireless security cameras and video doorbells, offering a range of products with features like motion detection, two-way audio, and cloud storage.
  8. Eufy: Eufy is a brand of Anker Innovations that offers a range of wireless security cameras, video doorbells, and security systems with advanced features like facial recognition and pet detection.
  9. Lorex: Lorex is a provider of wireless security cameras and video surveillance systems for both home and business use, with products ranging from basic cameras to advanced systems with multiple cameras and remote viewing capabilities.
  10. Swann: Swann is a provider of wireless security cameras and video surveillance systems for both home and business use, with products ranging from basic cameras to advanced systems with multiple cameras and remote viewing capabilities.

Edge Computing Market Size

Edge computing is a distributed computing paradigm that brings computation and data storage closer to the location where it is needed, which is usually the edge of the network, instead of sending all data to a centralized data center or cloud. This approach is used to overcome the limitations of traditional cloud computing that can experience latency and bandwidth issues, which are not suitable for real-time or time-sensitive applications.The edge computing market is growing rapidly, driven by the increasing demand for low-latency processing, real-time analytics, and IoT (Internet of Things) applications. The market includes hardware, software, and service providers that enable the deployment of edge computing solutions in different industries such as healthcare, automotive, retail, manufacturing, and telecommunications.Edge computing hardware includes edge devices such as sensors, gateways, and servers that are installed at the edge of the network, closer to where data is generated. These devices are designed to provide low-latency processing and real-time data analytics capabilities.Edge computing software includes platforms and middleware that enable the deployment and management of edge computing solutions. These platforms provide developers with the tools to develop and deploy edge applications, manage data at the edge, and provide analytics and insights into edge data.Edge computing services include consulting, deployment, and managed services that help organizations to deploy and manage their edge computing infrastructure. These services provide organizations with the expertise and support needed to develop and implement edge computing solutions.The global edge computing market is expected to grow at a rapid pace, driven by the increasing demand for low-latency processing and real-time analytics. The edge computing market is expected to grow from USD 3.6 billion in 2020 to USD 15.7 billion by 2025, at a CAGR of 34.1% during the forecast period. This growth is driven by the increasing adoption of IoT devices, the proliferation of data generated at the edge, and the need for low-latency processing in real-time applications.

Edge Computing Market Share

The edge computing market is highly fragmented and competitive, with a large number of players offering various hardware, software, and service solutions. The global edge computing market was valued at USD 2.5 billion in 2019 and is expected to grow at a CAGR of 37.4% from 2020 to 2027.

Some of the leading players in the edge computing market include:

  1. Amazon Web Services
  2. Microsoft Corporation
  3. Cisco Systems, Inc.
  4. Dell Technologies, Inc.
  5. Hewlett Packard Enterprise Development LP
  6. Huawei Technologies Co., Ltd.
  7. IBM Corporation
  8. Intel Corporation
  9. Nokia Corporation
  10. Schneider Electric SE

These companies are constantly innovating and introducing new products and solutions to stay ahead in the market. Additionally, there are also many smaller players and startups that are offering niche solutions and services in the edge computing space.The edge computing market is expected to be dominated by North America in terms of market share, followed by Europe and Asia Pacific. The report also predicts that the healthcare and life sciences industry will be the largest user of edge computing solutions, followed by the manufacturing and automotive industries.

Edge Computing Market Trends

The edge computing market is rapidly evolving, driven by the increasing demand for low-latency processing, real-time analytics, and IoT (Internet of Things) applications. Here are some of the top trends in the edge computing market:

  1. Edge Computing and 5G: The rollout of 5G networks is expected to accelerate the adoption of edge computing, as it provides the high-speed connectivity and low latency required for real-time applications. Edge computing can help reduce the load on the 5G network by processing data locally, which can improve network performance and reduce costs.
  2. Edge Computing for IoT: The growth of the IoT market is driving the adoption of edge computing, as it can help process and analyze the vast amounts of data generated by IoT devices in real-time. Edge computing can help reduce the bandwidth requirements and latency associated with transmitting data to a centralized cloud, which is essential for IoT applications.
  3. Cloud-to-Edge Computing: Cloud-to-edge computing is a hybrid approach that combines the benefits of cloud computing with edge computing. In this approach, some applications are processed at the edge, while others are processed in the cloud. This approach can help organizations leverage the benefits of both cloud and edge computing.
  4. AI and Machine Learning at the Edge: The integration of AI and machine learning algorithms with edge computing can help organizations make real-time decisions based on data generated at the edge. This approach can help reduce latency and improve the accuracy of data analysis and decision-making.
  5. Edge Computing Security: With the increasing number of edge devices and data generated at the edge, security is becoming a critical concern for organizations. Edge computing security solutions are designed to secure edge devices, data, and networks, protecting them from cyber threats.
  6. Edge Computing in Healthcare: Edge computing is being used in the healthcare industry to improve patient outcomes and reduce costs. Edge computing solutions can help process patient data in real-time, providing doctors with timely information that can improve patient care. Additionally, edge computing can help reduce the bandwidth requirements associated with transmitting patient data to the cloud.

These trends are driving the growth of the edge computing market and are expected to continue to shape the industry in the coming years.

Edge Computing Market Factors

Several factors are driving the growth of the edge computing market. Here are some of the key factors:

  1. Proliferation of IoT devices: The growth of the Internet of Things (IoT) is driving the adoption of edge computing. IoT devices generate large volumes of data, which can be processed and analyzed at the edge, reducing the need to transfer data to a central location. Edge computing can help reduce latency and improve the speed and efficiency of data processing.
  2. Low Latency: The increasing demand for real-time applications is driving the adoption of edge computing. Edge computing can provide low latency processing, which is essential for applications such as autonomous vehicles, industrial automation, and remote surgery.
  3. Bandwidth Optimization: Edge computing can help reduce the bandwidth requirements associated with transferring data to a central location. This is especially important in applications where large amounts of data are generated, such as video surveillance, where the use of edge computing can help optimize bandwidth usage and reduce costs.
  4. Security: Edge computing can provide enhanced security for data and devices by processing data locally and reducing the need to transfer data to a central location. This can help reduce the risk of cyber attacks and data breaches.
  5. Regulatory Compliance: Edge computing can help organizations comply with data privacy regulations by processing data locally and reducing the need to transfer data to a central location.
  6. Cloud-to-Edge Computing: The integration of cloud computing with edge computing is driving the adoption of hybrid cloud solutions. This approach can help organizations leverage the benefits of both cloud and edge computing, providing greater flexibility and scalability.
  7. Industry-Specific Applications: Edge computing solutions are being developed for specific industries, such as healthcare, retail, and manufacturing. These industry-specific solutions can help address the unique challenges and requirements of each industry.

These factors are driving the growth of the edge computing market and are expected to continue to fuel its growth in the coming years.

Edge Computing Market Regional Analysis

The edge computing market is growing rapidly across the globe, with significant growth being observed in North America, Europe, Asia-Pacific, and other regions. Here is a regional analysis of the edge computing market:

  1. North America: North America is expected to dominate the edge computing market due to the presence of key players such as Amazon Web Services, Microsoft Corporation, and Google LLC. The region also has a well-developed IT infrastructure and a large number of IoT devices. The United States is expected to account for a significant share of the edge computing market in North America.
  2. Europe: Europe is expected to witness significant growth in the edge computing market due to the increasing adoption of IoT devices and the growing demand for low-latency processing. The region is also home to several key players in the edge computing market, such as Nokia Corporation, Ericsson AB, and Schneider Electric SE.
  3. Asia-Pacific: Asia-Pacific is expected to witness the fastest growth in the edge computing market due to the increasing adoption of IoT devices and the growth of 5G networks. The region is also home to several key players in the edge computing market, such as Huawei Technologies Co., Ltd. and Samsung Electronics Co., Ltd. China and Japan are expected to account for a significant share of the edge computing market in Asia-Pacific.
  4. Rest of the World: The edge computing market in the Rest of the World (RoW) is expected to witness significant growth due to the increasing adoption of IoT devices and the growing demand for low-latency processing. The Middle East and Africa (MEA) region is expected to witness significant growth in the edge computing market due to the increasing adoption of IoT devices and the growth of 5G networks.

Overall, the edge computing market is growing rapidly across the globe, driven by the increasing adoption of IoT devices and the growing demand for low-latency processing. The market is expected to witness significant growth in all regions, with North America, Europe, and Asia-Pacific being the key markets.

Edge Computing Market Forecasts 2030 

The edge computing market is expected to continue its rapid growth and reach significant levels by 2030. Here are some of the key forecasts for the edge computing market:

  1. Market Size: The global edge computing market is expected to reach USD 43.4 billion by 2030, growing at a compound annual growth rate (CAGR) of 27.3% from 2021 to 2030.
  2. Adoption Rates: Edge computing is expected to be adopted by a wide range of industries, including manufacturing, healthcare, retail, transportation, and others. The manufacturing sector is expected to be the largest adopter of edge computing, followed by the healthcare sector.
  3. Edge Data Centers: The market for edge data centers is expected to grow rapidly, driven by the increasing demand for low-latency processing and the growth of IoT devices. The market for edge data centers is expected to reach USD 13.9 billion by 2030, growing at a CAGR of 32.4% from 2021 to 2030.
  4. Network Infrastructure: The market for edge networking infrastructure is expected to grow rapidly, driven by the increasing adoption of 5G networks and the growth of IoT devices. The market for edge networking infrastructure is expected to reach USD 15.7 billion by 2030, growing at a CAGR of 30.1% from 2021 to 2030.
  5. Cloud-to-Edge Computing: The market for cloud-to-edge computing solutions is expected to grow rapidly, driven by the increasing demand for hybrid cloud solutions. The market for cloud-to-edge computing solutions is expected to reach USD 14 billion by 2030, growing at a CAGR of 23.3% from 2021 to 2030.
  6. Regional Growth: Asia-Pacific is expected to be the fastest-growing region in the edge computing market, driven by the increasing adoption of IoT devices and the growth of 5G networks. North America and Europe are also expected to witness significant growth in the edge computing market.

Overall, the edge computing market is expected to witness significant growth in the coming years, driven by the increasing adoption of IoT devices, the growth of 5G networks, and the demand for low-latency processing. The market is expected to witness significant growth in all regions, with Asia-Pacific being the fastest-growing region.

Edge Computing Market Key Industry Players

The edge computing market is highly competitive, with several key players operating in the market. Here are some of the key industry players in the edge computing market:

  1. Cisco Systems, Inc.
  2. Microsoft Corporation
  3. Amazon Web Services, Inc.
  4. Dell Technologies, Inc.
  5. IBM Corporation
  6. Hewlett Packard Enterprise Development LP
  7. Huawei Technologies Co., Ltd.
  8. Schneider Electric SE
  9. Nokia Corporation
  10. Intel Corporation
  11. Fujitsu Limited
  12. Siemens AG
  13. AT&T Inc.
  14. Google LLC
  15. Juniper Networks, Inc.

These companies are investing heavily in research and development to enhance their edge computing solutions and gain a competitive advantage. They are also focusing on partnerships and collaborations with other companies to expand their reach in the market. Overall, the edge computing market is expected to witness intense competition in the coming years, with these key industry players leading the way.

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