The global Edge Computing market is projected to increase steadily in the forthcoming years on the back of challenges rising from the extreme use of traditional cloud computing architecture. The explosion of the Internet of Things (IoT) is one of the major factors boosting the growth of the global Edge Computing market.
Furthermore, edge computing architecture is preferably suitable for several situations. This includes poor connectivity of IoT devices, wherein IoT devices lack seamless connectivity to a central cloud. In addition to this, other important factors such as high latency, low spectral efficiency, and non-adaptive machine type of communication are some serious challenges of cloud computing architecture that are leading to a shift to edge computing framework. All these aspects contributing more to the global Edge Computing market progressively.
Likewise, edge computing is useful for organizations of several industries such as manufacturing, healthcare, finance, and telecommunications among others. Edge computing offers economic benefits for enterprises. This is because inspecting and processing data close to the edge of the network helps organizations analyze crucial data in real-time. All these factors closely support the global Edge Computing market’s expansion.
Covid-19 Impact on Edge Computing Market
Like many other industries, COVID-19 badly knocked the electronic and semiconductor industries. This unprecedented event has impacted nearly 230 countries in just a few weeks, resulting in the forced shutdown of manufacturing and transportation activities within and across the countries. This has directly affected the overall sector's growth. It is estimated that COVID-19 to leave more than USD 30 billion impacts on the electronics and semiconductor industry. The sector is majorly affected due to transport restrictions on major electronics and semiconductor raw material providers. However, the emerging need for semiconductors in several industries will offer rapid market recovery over the future period.
Edge Computing Market Segment Overview
According to Component, the Hardware segment accounts for the largest share in the global Edge Computing market. This segment is expected to display a year-on-year growth during the forecast period, which is higher than any other component segment. This is because of the large-scale deployment of hardware components for decentralizing storage and computing operations, allowing comprehensive edge infrastructure deployment, and reducing network traffic. In addition to this, organizations offer advanced edge computing hardware that either act as an initial point of data source or a facilitator of the whole network or serves as a storage and local processing unit in the overall edge computing process.
Edge Computing Market, By Component
· Hardware
· Software
· Services
Edge Computing Market, By Application
· IoT
· Data Monitoring
· Analytics
Edge Computing Market, By End-User
· Education
· Healthcare
· Automotive
· Surveillance
Edge Computing Regional Overview
Geographically, North America commanded a major share of the Edge Computing market and is predictable to maintain its supremacy over the forecast period. Several start-ups have emerged to provide platforms for developing edge-enabled solutions, which is projected to propel the growth of the regional market. Similarly, Asia Pacific is expected to be the most attractive market during the forecast period owing to the growing adoption of advanced technologies, such as IoT and cloud computing in this region. In addition, Japan is likely to surpass all in terms of growth rate. Europe is another major market for edge computing and is expected to rise at a significant rate in the forthcoming years. Further, the Middle East and Africa are expected to expand at a relatively slow CAGR during the forecast period.
Edge Computing Market, By Geography
· North America (US & Canada)
· Europe (UK, Germany, France, Italy, Spain, Russia & Rest of Europe)
· Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific)
· LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA)
Edge Computing Market Competitor overview
Some key developments and strategies adopted by manufacturers in Edge Computing are highlighted below.
· In June 2019, Hewlett Packard Enterprise (HPE) entered into a partnership with AT&T, an American multinational conglomerate. Both companies would work together to create Multi-access Edge Computing (MEC) systems. These MEC systems help telecom and its clients to manage the data produced from connected systems and devices.
Edge Computing Market, Key Players
· Microsoft Corporation
· IBM Corporation
· Cisco Systems Inc.
· Google Inc.
· Hewlett Packard Enterprise Company
· Intel Corp
· Schneider Electric SE
· Nokia Corporation
· Huawei Technologies Co. Ltd.
· Aricent Inc.
1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
4. Key Insights
- 4.1. Key Emerging Trends – For Major Countries
- 4.2. Latest Technological Advancement
- 4.3. Regulatory Landscape
- 4.4. Industry SWOT Analysis
- 4.5. Porters Five Forces Analysis
5. Global Edge Computing Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 5.1. Key Findings / Summary
- 5.2. Market Analysis, Insights and Forecast – By Component
- 5.2.1. Hardware
- 5.2.2. Software
- 5.2.3. Services
- 5.3. Market Analysis, Insights and Forecast – By Application
- 5.3.1. IoT
- 5.3.2. Data Monitoring
- 5.3.3. Analytics
- 5.4. Market Analysis, Insights and Forecast – By End-User
- 5.4.1. Education
- 5.4.2. Healthcare
- 5.4.3. Automotive
- 5.4.4. Surveillance
- 5.5. Market Analysis, Insights and Forecast – By Region
- 5.5.1. North America
- 5.5.2. Europe
- 5.5.3. Asia Pacific
- 5.5.4. Latin America, Middle East and Africa
6. North America Edge Computing Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 6.1. Key Findings / Summary
- 6.2. Market Analysis, Insights and Forecast – By Component
- 6.2.1. Hardware
- 6.2.2. Software
- 6.2.3. Services
- 6.3. Market Analysis, Insights and Forecast – By Application
- 6.3.1. IoT
- 6.3.2. Data Monitoring
- 6.3.3. Analytics
- 6.4. Market Analysis, Insights and Forecast – By End-User
- 6.4.1. Education
- 6.4.2. Healthcare
- 6.4.3. Automotive
- 6.4.4. Surveillance
- 6.5. Market Analysis, Insights and Forecast – By Country
- 6.5.1. U.S.
- 6.5.2. Canada
7. Europe Edge Computing Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 7.1. Key Findings / Summary
- 7.2. Market Analysis, Insights and Forecast – By Component
- 7.2.1. Hardware
- 7.2.2. Software
- 7.2.3. Services
- 7.3. Market Analysis, Insights and Forecast – By Application
- 7.3.1. IoT
- 7.3.2. Data Monitoring
- 7.3.3. Analytics
- 7.4. Market Analysis, Insights and Forecast – By End-User
- 7.4.1. Education
- 7.4.2. Healthcare
- 7.4.3. Automotive
- 7.4.4. Surveillance
- 7.5. Market Analysis, Insights and Forecast – By Country
- 7.5.1. UK
- 7.5.2. Germany
- 7.5.3. France
- 7.5.4. Italy
- 7.5.5. Spain
- 7.5.6. Russia
- 7.5.7. Rest of Europe
8. Asia Pacific Edge Computing Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 8.1. Key Findings / Summary
- 8.2. Market Analysis, Insights and Forecast – By Component
- 8.2.1. Hardware
- 8.2.2. Software
- 8.2.3. Services
- 8.3. Market Analysis, Insights and Forecast – By Application
- 8.3.1. IoT
- 8.3.2. Data Monitoring
- 8.3.3. Analytics
- 8.4. Market Analysis, Insights and Forecast – By End-User
- 8.4.1. Education
- 8.4.2. Healthcare
- 8.4.3. Automotive
- 8.4.4. Surveillance
- 8.5. Market Analysis, Insights and Forecast – By Country
- 8.5.1. China
- 8.5.2. India
- 8.5.3. Japan
- 8.5.4. Australia
- 8.5.5. South East Asia
- 8.5.6. Rest of Asia Pacific
9. Latin America, Middle East and Africa Edge Computing Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 9.1. Key Findings / Summary
- 9.2. Market Analysis, Insights and Forecast – By Component
- 9.2.1. Hardware
- 9.2.2. Software
- 9.2.3. Services
- 9.3. Market Analysis, Insights and Forecast – By Application
- 9.3.1. IoT
- 9.3.2. Data Monitoring
- 9.3.3. Analytics
- 9.4. Market Analysis, Insights and Forecast – By End-User
- 9.4.1. Education
- 9.4.2. Healthcare
- 9.4.3. Automotive
- 9.4.4. Surveillance
- 9.5. Market Analysis, Insights and Forecast – By Country
- 9.5.1. Brazil
- 9.5.2. Saudi Arabia
- 9.5.3. UAE
- 9.5.4. Rest of LAMEA
10. Competitive Analysis
- 10.1. Company Market Share Analysis, 2018
- 10.2. Key Industry Developments
- 10.3. Company Profile
- 10.4. Microsoft Corporation
- 10.4.1. Business Overview
- 10.4.2. Segment 1 & Service Offering
- 10.4.3. Overall Revenue
- 10.4.4. Geographic Presence
- 10.4.5. Recent Development
- 10.5. IBM Corporation
- 10.6. Cisco Systems Inc.
- 10.7. Google Inc.
- 10.8. Hewlett Packard Enterprise Company
- 10.9. Intel Corp
- 10.10. Schneider Electric SE
- 10.11. Nokia Corporation
- 10.12. Huawei Technologies Co. Ltd.
Data Library Research are conducted by industry experts who offer insight on industry structure, market segmentations technology assessment and competitive landscape (CL), and penetration, as well as on emerging trends. Their analysis is based on primary interviews (~ 80%) and secondary research (~ 20%) as well as years of professional expertise in their respective industries. Adding to this, by analysing historical trends and current market positions, our analysts predict where the market will be headed for the next five years. Furthermore, the varying trends of segment & categories geographically presented are also studied and the estimated based on the primary & secondary research.
In this particular report from the supply side Data Library Research has conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and SOFT) of the companies that active & prominent as well as the midsized organization
FIGURE 1: DLR RESEARH PROCESS
Extensive primary research was conducted to gain a deeper insight of the market and industry performance. The analysis is based on both primary and secondary research as well as years of professional expertise in the respective industries.
In addition to analysing current and historical trends, our analysts predict where the market is headed over the next five years.
It varies by segment for these categories geographically presented in the list of market tables. Speaking about this particular report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players active in the market.
Secondary ResearchSecondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and Friend’s study of the Global Extra Neutral Alcohol. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, sec filings, journals, white papers, SOFT presentations, and company web sites.
Market Size EstimationBoth, top-down and bottom-up approaches were used to estimate and validate the size of the Global market and to estimate the size of various other dependent submarkets in the overall Extra Neutral Alcohol. The key players in the market were identified through secondary research and their market contributions in the respective geographies were determined through primary and secondary research.
Forecast Model
