(MENAFN- EIN Presswire) Edge Computing Market Share By IT Infrastructure, 2019 – 2026 (%)
LONDON, UK, November 24, 2022 /einpresswire.com / -- The global edge computing market size reached USD 9.7 billion in 2021, according to a new report by GlobalData Plc. The increasing adoption of the internet of things (IoT) and 5G technology is expected to bode well for market growth over the forecast period. Furthermore, investments by telecom companies for the modernization of networks are anticipated to drive market growth over the next few years.
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The COVID-19 disruptions have accelerated the adoption of edge computing across industries. For example, a large proportion of the world's population now relies on online and video communication technologies for homeworking, remote schooling, shopping, entertainment, and staying in contact with others. This has increased the pressure on network infrastructure and created a demand for edge computing. Also, the need to automate processes in manufacturing, retail, and other industries contributed to market growth.
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Edge Computing Market Report Highlights
•The global edge computing market is projected to witness a CAGR of 16.6% from 2022 to 2026, reaching a value of $22.2 billion. Increasing adoption of IoT, the introduction of 5G technology, and increasing investments in network modernization are contributing to the growth of the edge computing market worldwide.
•In 2021, the hardware segment captured a significant share with a market size projected to reach $13 billion by 2026 at a CAGR of 19.5% from 2022 to 2026. The growth of this segment is mainly driven by investments by telecom companies and businesses in the modernization of network infrastructure.
•BFSI, largely driven by the use of edge computing technologies to process and leverage data, was the largest end-use market for edge computing in 2021. The communication segment is expected to witness the fastest growth over the forecast period.
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•COVID-19 disruptions led to increased adoption of edge computing. Major areas of adoption included online and video communication technologies for remote working, automated processes in manufacturing industries, and others.
•The Asia Pacific and North America together captured over 60% of the overall edge computing demand in 2021. With increasing adoption across industries, the market for edge computing is expected to grow in other regions as well.
•The key edge computing market players analyzed as part of this report include Microsoft Corporation, IBM Corporation, Hewlett Packard Enterprise Co, Dell Technologies Inc, Cisco Systems Inc, Amazon, Intel Corporation, Huawei Technologies Co. Ltd, Telefonaktiebolaget Lm Ericsson, and EdgeConnex.
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GlobalData Plc has segmented the Edge Computing market report by IT infrastructure, vertical, application, employee size band, and region:
Edge Computing Market – Revenue Opportunity Forecast, by IT Infrastructure 2019-2026 (US$ million)
•Hardware
•Software
•Services
•Edge Computing Market – Revenue Opportunity Forecast, by Hardware segments 2019-2026 (US$ million)
oEdge Data Centers
oTelco Edge Solutions
oEdge Gateway Hardware
oEnterprise Edge Hardware
oDevice Edge
•Edge Computing Market – Revenue Opportunity Forecast, by Software segments 2019-2026 (US$ million)
oEdge Software (Others)
oEdge Software/Platforms
oEdge Aggregation & Orchestration
•Edge Computing Market – Revenue Opportunity Forecast, by Services segments 2019-2026 (US$ million)
oEdge Integration Services
oManaged Edge Services
oIoT Edge/Edge Gateways Connectivity
Edge Computing Market – Revenue Opportunity Forecast by Regions, 2019-2026 (US$ million)
•Asia Pacific
oChina
oJapan
oIndia
oSouth Korea
oAustralia
oRest of Asia Pacific
•North America
oU.S.
oCanada
•South & Central America
oBrazil
oMexico
oArgentina
oChile
oColombia
oRest of South & Central America
•Western Europe
oGermany
oUnited Kingdom
oFrance
oItaly
oNetherlands
oRest of Western Europe
•Central & Eastern Europe
oRussia
oTurkey
oRest of Central & Eastern Europe
•Middle East & Africa
oUnited Arab Emirates
oSouth Africa
oSaudi Arabia
oKuwait
oQatar
oRest of MEA
Edge Computing Market – Revenue Opportunity Forecast by Vertical Industry Segments, 2019-2026 (US$ million)
•BFSI
•Manufacturing
•Information Technology
•Communication
•Government
•Others
Edge Computing Market – Revenue Opportunity Forecast by Application Segments, 2019-2026 (US$ million)
•Smart cities
•AR/VR
•Content Delivery Networks
•IIoT
•Remote Monitoring
•Others
Edge Computing Market – Revenue Opportunity Forecast by Employee Size Band, 2019-2026
•Micro (Less than 50)
•Small (51-250)
•Medium (251-1000)
•Large (1001-4999)
•Very Large (5000+)
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