Global Edge Computing Market Research Report 2021: Edge AI – Next Frontier of Digital Transformation





DUBLIN, November 03, 2021– (BUSINESS WIRE) – The report “Edge Computing – Global Market Trajectory & Analytics” has been added to ResearchAndMarkets.com offer.

The global edge computing market, estimated at US $ 4 billion in 2020, is expected to reach a revised size of US $ 17.8 billion by 2026, growing at a CAGR of 27% over the course of the analysis period.

Edge computing is rapidly becoming a technological innovation that can be widely adopted across industries. Edge meets local IT requirements as data is processed in micro data centers. Process-intensive applications, involving advanced technologies such as AI, ML, and IoT, continue to experience rapid development.

These applications consume huge amounts of data to run algorithms at scale, creating a scenario of high demand growth for localized data storage and computer network resources. The IoT, IIoT and the increased adoption of technologies such as AI and ML are thus supporting the strong growth of edge computing. The growing number of smart city initiatives in countries around the world is also driving the growth of advanced computing.

These initiatives lead to an increase in the implementation of edge computing by telecommunications companies, responsible for the deployment of the necessary networks. Another important growth driver for the market is 5G cellular technologies, offering massive bandwidths and supporting a wide range of devices including smartphones, autonomous vehicles as well as large-scale IoT.

The growing emphasis on process automation and cost reduction combined with increased business competition is also expected to drive the market growth. The increased adoption of edge computing for data center applications would also drive market growth.

Hardware, one of the segments analyzed in the report, is expected to grow at a CAGR of 26.2% to reach $ 10.4 billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and the induced economic crisis, the growth of the platforms segment is readjusted to a revised CAGR of 28.3% for the next 7 year period.

This segment currently represents a 19.8% share of the global Edge Computing market. Technologies such as MEC, EDC, and AMR increasingly use routers, sensors, gateways, and edge nodes, increasing the need for hardware components in edge computing. The hardware segment is also expected to grow at a substantial rate over the next decade, due to the large-scale deployment of hardware components in advanced IT services.

By Application, Smart Cities Segment To Reach $ 7.1 Billion By 2026

Edge computing is one of the dynamic elements behind the emergence of smart cities due to its ability to enable a plethora of new applications and support next generation smart city solutions.

The technology should be widely used by city governors and city planners to take advantage of emerging data-driven technology to find real solutions to pressing challenges. In recent years, a growing number of smart cities have started investing in advanced computing to avoid relying on the cloud for data processing and analysis. In the global smart city (application) segment, the United States, Canada, Japan, China and Europe will lead the estimated 28.4% CAGR for this segment.

These regional markets, representing a combined market size of US $ 1.2 billion in 2020, will reach a projected size of US $ 6.8 billion by the end of the analysis period. China will remain among the fastest growing countries in this group of regional markets. Led by countries such as Australia, India, and South Korea, the Asia-Pacific market is expected to reach $ 619.4 million by 2026.

Main topics covered:

I. METHODOLOGY

II. ABSTRACT

1. MARKET OVERVIEW

  • The digital age, now catalyzed by the pandemic, lays the foundation for the rise of advanced computing

  • The race between the virus and vaccines is intensifying. In the midst of this chaotic battle, where is the global economy heading in 2021?

  • These are times when questions abound and answers are scarce

  • So how fast or slowly are we moving?

  • Divided scenarios: the great vaccine divide emerges

  • Progress on vaccinations, why should companies care?

  • Edge Computing: Overview, Importance and Benefits

  • Here’s what to expect in the edge computing market

  • Recent market activity

  • New arrivals

  • Brands of the world

2. FOCUS ON SOME PLAYERS (Total 256 featured)

  • ABB SA

  • ADLINK Technology inc.

  • Altran Technologies, SA

  • Amazon Web Services (AWS), Inc.

  • SE laws

  • Axellio

  • Azion Technologies Ltd.

  • Belden inc.

  • Cisco Systems, Inc.

  • ClearBlade, Inc.

  • Dell Inc.

  • Digi International Inc.

  • Edge Intelligence Software, Inc.

  • EdgeConneX, Inc.

  • EdgeIQ

  • Edgeworx, Inc.

  • Fog horn systems

  • General Electricity Company

  • Google LLC

  • Hewlett Packard Enterprise Development LP

  • Huawei Technologies Co., Ltd.

  • International Business Machines Corporation

  • Intel company

  • Juniper Networks Inc.

  • Litmus Automation Inc.

  • Microsoft Corporation

  • Moxa inc.

  • Nokia Corporation

  • Rockwell Automation Inc.

  • Saguna Networks Ltd.

  • SAP SE

  • Siemens AG

  • Sierra Wireless, Inc.

  • SixSq Sarl

3. MARKET TRENDS AND FACTORS

  • COVID-19 Induced Home Work (WFH) Bringing Advanced IT Businesses Closer

  • Smart cities powered by Edge Computing are becoming the new reality

  • COVID-19 Highlights the Value of Smart Cities in Times of Crisis

  • Why is Edge Computing crucial for smart cities?

  • Edge Computing & 5G: A Perfect Pair: Here’s Why

  • A growing market for smart agriculture to drive adoption of advanced computing

  • Smart Agriculture Becomes US $ 12 Billion Global Market

  • Edge Computing’s Role in Smart Agriculture Demystified

  • Spending on digital transformation in transportation and logistics to drive adoption of advanced computing

  • The evolution of smart retail relies heavily on edge computing

  • The strengthening of the relationship between Edge Computing and mobility, gives birth to the massively popular mobile Edge Computing

  • Edge-Powered Mobile Computing Offers Intriguing Benefits for Location-Based Applications

  • Manufacturing and IIoT Become Important End Users of Edge Computing

  • The rise of the IoT ecosystem, the cornerstone of future growth

  • Manufacturing automation catches fire

  • Why Edge Computing is a Necessity in the Age of Manufacturing Automation and Industrial IoT (IIoT)

  • The Age of Analytics Grows the Need for Mobile Edge Computing

  • As remote monitoring and control grows in importance, it’s time to expand this capability to the edge.

  • Extend Edge Computing Applications in AR Handheld Devices to Drive Market Growth

  • Edge computing in healthcare, the only way to reap the benefits of value-based care

  • Accelerating pace of connected care adoption creates opportunities for edge computing

  • Edge AI – The Next Frontier of Digital Transformation

4. WORLD MARKET PERSPECTIVE

III. REGIONAL MARKET ANALYSIS

IV. COMPETETION

For more information on this report, visit https://www.researchandmarkets.com/r/1yrrqz

See the source version on businesswire.com: https://www.businesswire.com/news/home/20211103005966/en/

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