San Francisco, 23 January 2019: The Report Edge Computing Market Size, Share & Trends Analysis Report By Technology
(Mobile Edge Computing, Fog Computing), By Vertical, By Organization Size, By
Region, And Segment Forecasts, 2018 - 2025
The global edge computing market size is projected to reach USD 3.24 billion by 2025,
according to a study conducted by Grand View Research, Inc., expanding at a
phenomenal CAGR of 41.0% during the forecast period. Need for advanced
technologies is stimulating the volume of IoT data. Vast amount of data created
by IoT devices may cause delays and latency. Edge computing solutions help
enhance the data processing power, which further aid in avoiding delays. Data
processing takes place closest to the source of the data, thus enabling the
provision of real-time insights.
Presence of a high connectivity network in
regions such as North America has facilitated the widespread adoption of edge
computing solutions. Thus, the North America market is expected to witness
substantial growth over the forecast period. Additionally, presence of
prominent players such as Cisco Systems, Inc.; General Electric; Hewlett
Packard Enterprise Development LP; International Business Machines (IBM);
Microsoft; and SAP SE is anticipated to boost the growth of the regional
market.
Edge computing is used in various
applications such as manufacturing, IT & telecommunications, healthcare.
The healthcare & life sciences segment is estimated to witness the highest
CAGR between 2017 and 2025, owing to storage capabilities and real-time
computing offered by edge computing solutions, which enable the delivery of
reliable healthcare services in lesser time. The decision-making process is
improved as network failures and delays are avoided.
Access Research Report of Edge Computing
Market @ www.grandviewresearch.com/industry-analysis/edge-computing-market
Further key findings from the study suggest:
· The healthcare & life sciences segment
is estimated to cross USD 326 million by 2025. The growth of the segment can be
attributed to provision of storage capabilities and real-time computing by edge
computing solutions.
· The SMEs segment is poised to witness the
highest CAGR of 46.5% over the forecast period. Edge computing helps reduce
operational costs of enterprises by processing and storing the data at the edge
of the network.
· Based on technology, the mobile edge
computing segment dominated the market in 2016 and this trend is likely to
continue over the forecast period.
· North America will lead the market
throughout the forecast period, owing to increasing penetration of IoT devices
in countries such as the U.S. and Canada.
· Prominent players in the edge computing
market include Aricent, Inc.; Amazon Web Services, Inc. (AWS); Cisco Systems,
Inc.; General Electric; Hewlett Packard Enterprise Development LP; Huawei
Technologies Co.; Ltd.; International Business Machines (IBM); Intel
Corporation; Microsoft; and SAP SE.
Browse more reports of this category by Grand View
Research at: www.grandviewresearch.com/industry/emerging-and-next-generation-technologies
Grand View Research has segmented the
global edge computing market based on vertical, organization size, technology,
and region:
Edge Computing Vertical Outlook (Revenue,
USD Million, 2016 - 2025)
·
Manufacturing
·
Energy & Utilities
·
IT & Telecom
·
Healthcare & Life Sciences
·
Consumer Appliances
·
Transportation & Logistics
·
Others
Edge Computing Organization Size Outlook
(Revenue, USD Million, 2016 - 2025)
·
Small & Medium Enterprises (SMEs)
·
Large Enterprises
Edge Computing Technology Outlook (Revenue,
USD Million, 2016 - 2025)
·
Mobile Edge Computing
·
Fog Computing
Edge Computing Regional Outlook (Revenue,
USD Million, 2016 - 2025)
·
North America
·
EMEA
·
Asia Pacific
·
Latin America
Access Press Release of
Edge Computing Market@ www.grandviewresearch.com/press-release/global-edge-computing-market
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
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