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.
Browse full
research report on 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: 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
- U.S.
- Canada
- EMEA
- U.K.
- Germany
- MEA
- Asia
Pacific
- China
- Japan
- Latin
America
Access
Press Release By Grand View Research: 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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