Jan 14, 2020
Edge Computing Market by Application (Smart Cities, Industrial IoT, Remote Monitoring, Content Delivery, AR VR), Industry (Manufacturing, Retail, Healthcare, Media, Telecommunications, Logistics, Government, Energy, Utilities) - Global Forecast to 2027
Pune, India - January 15, 2020 /MarketersMedia/ —
Edge computing is a simple method of managing data near the edge of the network, where the data is being generated & processed; instead of in a centralized data-processing warehouse. Edge computing is changing the way data is handled, processed, and delivered from millions of devices around the world. Meticulous Research(R) in its latest publication on edge computing market states that the global Edge Computing Market will increase at a CAGR of 34.9% from 2019 to 2027 to reach $28.07 billion by 2027.
The growth of the global edge computing market is mainly attributed to the growing load on the cloud infrastructure and rising adoption industrial IoT. Furthermore, the rising demand for low-latency processing and real-time automated decision-making solutions is supporting the overall growth of the edge computing market. Emerging economies such as Latin America, South East Asia, and Africa provide significant opportunities to the implementation of edge computing market. However, high procurement and operational cost are the biggest challenges which may restrain the growth of this market to a certain extent.
Market Content Study-
1.1. Market Definition
1.2. Market Ecosystem
1.3. Currency and Limitations
1.4. Key Stakeholders
2. Research Methodology
2.1. Research Approach
2.2. Data Collection and Validation
2.1.1. Primary Research
2.1.2. Secondary Research
2.3. Market Assessment
2.3.1. Market Size Estimation
220.127.116.11. Bottom-up Approach
18.104.22.168. Top-Down Approach
22.214.171.124. Growth Forecast
2.3.2. Market Share Analysis
2.4. Assumptions for study
3. Executive Summary
3.1. Market Overview
3.2. Market Analysis, by Component
3.3. Market Analysis, by Application
3.4. Market Analysis, by End-use Industry
3.5. Market Analysis, by Geography
3.6. Competitive Analysis
4. Market Insights
4.2. Market Dynamics
126.96.36.199. Growing Load On Cloud Infrastructure
188.8.131.52. Rising Adoption of Industrial IoT
184.108.40.206. High Procurement and Operational Cost
220.127.116.11. Emergence of Autonomous Vehicles and Connected Car Infrastructure
18.104.22.168. Lightweight Frameworks and Systems to Enhance Efficiency of Edge Computing Solutions
22.214.171.124. Vulnerability Issues with IoT Devices
126.96.36.199 Initial Capex for Infrastructure
188.8.131.52. Adoption Of 5g Technology
Buy key industry insights spread across 210 pages with 87 market data tables & 31 figures & charts from the report: @
5. Edge Computing Market, by Component
5.4.1 Training & Support
5.4.2 Consulting Services
6. Edge Computing Market, by Application
6.2. Smart Cities
6.3. Remote Monitoring
6.4 Content Delivery
7. Edge Computing Market, by End-Use Industry
7.5 Media & Entertainment
7.7 Transportation & Logistics
7.8 Government & Defense
7.9 Energy and Utilities
To provide efficient analysis, Meticulous Research has segmented this market on the basis by component (hardware, platform, services) by application (smart cities, industrial IOT, remote monitoring, content delivery, AR-VR and others (autonomous vehicles, drones, gaming), by end-use industry (manufacturing, retail, healthcare, media & entertainment, it & telecommunications, transportation & logistics, government & defense, energy and utilities and others (agriculture, education and BFSI)), and geography (North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa).
Geographically, North America commanded the largest share of this market in 2018, followed by Europe, Asia-Pacific, Latin America, and Middle East & Africa. The major share of North America is attributed to the high acceptance of new technology by consumers and large number of companies in the region adopting edge computing to enhance their IT infrastructure and leverage the benefits of new technologies, such as 5G and IoT. The presence of major edge computing players and start-ups is also supporting the technological growth of the edge computing market in this region. However, the Asia-Pacific region is showcasing the fastest growth of the edge computing market due to the rapidly increasing amount of cloud traffic and increasing government initiatives towards digitization.
In terms of application, the smart cities segment accounted for the largest share of the global edge computing market in 2018. The large share of this segment is mainly attributed to the increasing smart city initiatives across the globe to enhance building security, home automation, parking and traffic management, and city asset management.
The report provides competitive intelligence in terms of financials, growth strategies, product portfolios, and geographical presence on some of the key players in this market including Amazon web services (U.S.), Microsoft Corporation (U.S.), Dell Technologies (U.S.), Hewlett-Packard Enterprise (U.S.), General electric company (U.S.), Huawei Technologies (China), IBM Corporation. (U.S.), Juniper Networks (U.S.), Cisco Systems (U.S.), FogHorn Systems (U.S.), Google LLC (U.S.), Intel Corporation (U.S.), SAP (Germany), MachineShop (U.S.), and Saguna Networks (Israel), among others.
You will get brief idea about research and its application with this sample copy https://www.meticulousresearch.com/request-sample-report/cp_id=5061
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Organization: Meticulous Market Research Pvt. Ltd.
Address: Pune, India
Phone: +91 744-7780008
Release ID: 88942873
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