Edge Computing Market by Latest Trends, Leading Key Players, Future Growth, Revenue, Demand Forecast To 2030

(MENAFN- America News Hour) In a recent published report, Kenneth Research has updated the market report for Edge Computing Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.

U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Edge Computing Market products.

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Kenneth Research, in its repository of market research reports, have recently added a report on Edge Computing Market which emphasizes on the latest trends, key opportunities, drivers, and the challenges associated with the growth of the market during the forecast period, i.e., 2021 2030. The Edge Computing Market is anticipated to grow primarily on account of the growing trade of ICT goods and services worldwide. According to the statistics by the World Bank, the exports of ICT goods globally increased from 11.164% of total goods exports in 2017 to 11.53% of total goods exports in 2019.

Additionally, exports of ICT services increased from 5.61% of service exports (BoP) in 2001 to 10.37% of service exports (BoP) in 2017. On the other hand, growing awareness amongst individuals for using the internet is also anticipated to contribute to the market growth. For instance, the total number of individuals using the internet grew from 8% of total population in 2001 to 49% of total population in 2017. Moreover, backed by the increasing demand for high-speed internet amongst the individuals, organizations operating in the field of telecom are increasingly working on deploying 5G network technology, as this technology provides internet access at very high speeds. By 2025, it is estimated that as many as 1.2 billion of total internet connections will account to 5G. Further, one-third of the world is projected to be covered with 5G connectivity by the end of 2030.

Kenneth Research released a report on Edge Computing Market that consists detailed analysis and industry insights for the forecast period, i.e.  2020-2026. On the basis of analysis of the market value and calculation of the CAGR during the forecast period, the latest trends and business opportunities in the market are discussed in the report. Backed by the growing advancements in the ICT industry, especially in the field of internet of technology (IoT) and artificial intelligence (AI), along with the advancements that support the basic backbone of the overall ICT industry, the Edge Computing Market is projected to grow with a modest CAGR during the forecast period, i.e. 2020-2026.

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In the statistics by Eurostat, the total value of the ICT sector including manufacturing and services of ICT in Europe, was estimated to be more than EUR 475 billion in the year 2017. Out of these, the ICT services sector accounted for the largest share. Moreover, the ICT services sector is predicted to be ten times larger than that of ICT manufacturing. On the other hand, the ICT services consist of computer programming, consultancy and related activities, along with telecommunication activities, out of which the former held about 49.1% share while the latter held around 30.3% share in the year 2017. These factors are estimated to impact positively towards the growth of the market in the next few years. IoT-edge partnership is expected to revolutionize data computing and account for various corporate gains for those looking to leverage and harness the power of data analytics in developing solutions for major industry verticals. Moreover, to cope up with the challenges of network latency and the need for immediate real-time insights has led to the evolution of multi-locational hybrid data architectures that store data locally at the edge

Edge Computing processes the data at the network edge. Edge computing supports applications to analyze and process collected data in real-time, which is one of the key factors driving market demand. In addition, the introduction of the 5G network, various IoT software platforms and languages are expected to provide significant opportunities for market growth in the coming years. However, local hardware and higher maintenance costs are likely to inhibit the growth of the edge computing industry.

The latest on-device approach features lower dependency on cloud and better manage a massive deluge of data being generated by the edge IoT products. For instance, Nest Cam IQ indoor security cameras built by Google Inc. features an on-device vision processing to detect motion, recognize familiar faces, and send real-time alerts about the occurrence of specific events, all by leveraging the technology. Moreover, Google Inc. has announced a Cloud IoT Edge platform that extends the Google cloud's data processing and Machine Learning (ML) capabilities to edge devices. This software platform comes with an ML inferencing engine that can take advantage of Edge Tensor Processing Units (TPUs).

Segmentation
By technology
mobile edge computing
fog computing.

By deployment
on-premise
cloud

By component
hardware
software
solutions.

By application
IoT
data caching
analytics
environment monitoring
augmented reality
location services

By vertical
transportation
energy & utilities
healthcare
manufacturing
semiconductor
government
IT & telecommunication
retail
educatio
hospitality

By Regional Ananlysis
North America
*U.S.
*Canada

Europe
*Germany
*UK
*France
*Italy
*Spain
*Belgium
*Russia
*Netherlands
*Rest of Europe

Asia-Pacific
*China
*India
*Japan
*Korea
*Singapore
*Malaysia
*Indonesia
*Thailand
*Philippines
*Rest of Asia-Pacific

Latin America
*Brazil
*Mexico
*Argentina
*Rest of LATAM

Middle East & Africa
*UAE
*Saudi Arabia
*South Africa
*Rest of MEA

COMPETITIVE LANDSCAPE
The adoption of edge computing technologies by large companies is high due to the increased data generation, attributed to the broad geographic reach and customer base. In addition, growing employee demand for access to computing tools and applications while ensuring proper data storage drives the market for edge computing solutions among large enterprises.
*Cisco
*HPE
*Huawei
*IBM
*Dell Technologies
*Nokia
*Litmus Automation
*FogHorn Systems
*SixSq
*MachineShop
*Saguna Networks
*Vapor IO
*ADLINK
*Altran
*Axellio
*Others

The Information and Communications Technologies (ICT) sector in Canada consists of more than 41,500 companies, out of which, over 37,000 companies come under the category of software and computer services industries. Hence, around 89.8% of key players in the ICT industry are involved in software and computer services, 4.5% companies are in ICT wholesaling, 3.4% in communications services and the remaining 2.2% companies are involved in ICT manufacturing in the country, as per the Canadian ICT Sector Profile released by the Government of Canada in 2018.

Reasons to Purchase this Report
* Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
* Provision of market value (USD Billion) data for each segment and sub-segment
* Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
* Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each   region
* Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and   acquisitions in the past five years of companies profiled
* Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players

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Darlene Dooley is a research expert and freelance writer. She is very dedicated towards her work and writing. She enjoys to write on current news on any industry and conclude the news with highly professional report. She has almost 8 years of experience in the same field. She has strong professional skill in Market research, Business Strategies, online marketing, Industry analysis interested in innovative and trending technologies.

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