(MENAFN- Comserve) Shibuya-ku, Tokyo, Japan, Japan, Nov 26, 2021, 02:10 /Comserve / -- Edge computing is an Internet of Things (IoT) method of capturing, storing, processing, and analyzing data as close to the source of the data as possible via processors equipped with AI software.
With COVID-19 resulting in the economic fallout, numerous economies are working on game-changing improvements to protect their employees and clients. While focusing on the ongoing challenges, the leaders are embracing new plans in order to manage and stay afloat in this competitive environment.
Edge computing is an Internet of Things (IoT) method of capturing, storing, processing, and analyzing data as close to the source of the data as possible via processors equipped with AI software. Global Edge Computing Market Analysis, 2020 research report depicts a deep-dive market analysis of statistics of Global Edge Computing market which consists of regional and country-wise market size, market forecast, CAGR market segmentation, market shares of diverse regions and countries, market share of various end-users, applications, product type, technologies, competitive benchmarking, etc.
According to MarkNtel Advisors' research report“Global Edge Computing Market Analysis, 2020”, the Global Edge Computing market is anticipated to grow at a CAGR of around 30% during 2020-25F. The growth is attributed to surging government investment in smart cities projects, rising adoption of smart devices, and connected vehicles by the consumers, and rollout of faster networking technologies, such as 5G wireless technology. Besides these, the increasing amount of funding by the companies in order to launch products such as home security cameras that use edge computing, decreasing prices of hardware components and computation mediums, and burgeoning demand for remote monitoring are strongly contributing toward the growth of the market in the forecast period.
Fill This Form and get the Sample Copy of This Report:
The Final Report will cover the impact analysis of COVID-19 on this industry: Global Edge Computing Market Analysis, Future Growth, and Revenue Forecast, 2020
Solution Segment Dominated the Market
Based on Component, the Solution segment dominated the global edge computing market in 2019. Hardware acquired the majority market share in the Solution segment due to a boost in cloud-based applications amongst the end-users such as energy & utilities and declining prices of hardware such as sensors, router gateways, etc. Moreover, the platform segment is also witnessing rapid growth owing to the launch of various edge-computing platforms by the market players, rising demand for edge computing platforms amongst companies to influence set hardware and software functionality, and increasing spending by the enterprises in IT/OT solutions. Thus, this is anticipated to strongly contribute toward the growth of the Edge Computing market globally in the near future as stated in the MarkNtel Advisors' research report“Global Edge Computing Market Analysis, 2020”.
Competitive Landscape
According to MarkNtel Advisors, the key players with a considerable market share in the Global Edge Computing market include IBM Corporation, Amazon Web Services, Cisco Systems, Inc., Huawei Technologies Co. Limited, ABB Group, Intel Corporation, Microsoft Corporation, SAP SE, Hewlett Packard Enterprise Development LP, AT&T Inc., Rockwell Automation Inc., Atos SE, Digi International Inc., General Electric Company, ADLINK Technology Inc., etc.
Fill This Form and get the Sample Copy of This Report:
The Final Report will cover the impact analysis of COVID-19 on this industry: Global Edge Computing Market Analysis, Future Growth, and Revenue Forecast, 2020
Key Questions Answered in the Market Research Report:
1. What are the key overall market statistics or market estimates (Market Overview, Market Size- By Value, Forecast Numbers, Market Segmentation, Market Shares) of Global Edge Computing Market?
2. What is the region-wise industry size, growth drivers, and challenges key market trends?
3. What are the key innovations, technology upgrades, opportunities, regulations in the Global Edge Computing Market?
4. Who are the key competitors or market players and how they perform in Global Edge Computing Market based on the competitive benchmarking matrix?
5. What are the key results derived from the market surveys conducted during the course of the Global Edge Computing Market study?
The dynamic nature of business environment in the current global economy is raising the need amongst business professionals to update themselves with current situations in the market. To cater such needs, Shibuya Data Count provides market research reports to various business professionals across different industry verticals, such as healthcare & pharmaceutical, IT & telecom, chemicals and advanced materials, consumer goods & food, energy & power, manufacturing & construction, industrial automation & equipment and agriculture & allied activities amongst others.
MENAFN26112021004694010674ID1103254592
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.