Edge Computing Market Size To Reach USD 245.30 Billion By 2032, Owing To Rapid Deployment Of 5G Networks Enabling Low-Latency And High-Bandwidth Performance Research By SNS Insider
Report Attributes | Details |
Market Size in 2023 | USD 16.21 Billion |
Market Size by 2032 | USD 245.30 Billion |
CAGR | CAGR of 35.24% From 2024 to 2032 |
Base Year | 2023 |
Forecast Period | 2024-2032 |
Historical Data | 2020-2022 |
Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
Key Segments | . By Component (Hardware, Software, Services, Edge-managed Platforms) . By Application (IIoT, Remote Monitoring, Content Delivery, Video Analytics, AR/VR, Others) . By Industry Vertical (Industrial, Energy & Utilities, Healthcare, Agriculture, Transportation & Logistics, Retail, Datacenters, Wearables, Smart Cities, Smart Homes, Smart Buildings) |
Customization Scope | Available upon request |
Pricing | Available upon request |
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Segmentation Analysis:
By Component, Hardware Components Accounted for Approximately 50% Market Share in 2023
Hardware Components Accounted for Approximately 50% Market Share in 2023 driven by the increasing demand for robust infrastructures that facilitate localized data processing and real-time analytics. Technological advancements in hardware, such as enhanced processing power and energy efficiency are also propelling investment in edge solutions.
By Application, Industrial Internet of Things (IIoT) Represented Around 35% of Edge Computing Market Share in 2023
The Industrial Internet of Things (IIoT) Represented Around 35% of Edge Computing Market Share in 2023. This growth is driven by its vital impact on industrial operations. By utilizing edge computing, IIoT facilitates real-time data processing from various connected devices and sensors, significantly boosting operational efficiency across sectors, such as manufacturing, energy, and transportation.
North America Led the Market in 2023; Asia Pacific is Expected to Witness Fastest Growth During 2024-2032
In 2023, North America represented about 43% of the edge computing market's revenue, solidifying its leadership in this fast-growing field. This dominance stems from its advanced technological infrastructure and the widespread implementation of IoT and AI solutions. The region's vibrant technology ecosystem, comprising both established companies and innovative startups, drives significant investment in edge computing. Additionally, the surging demand for low-latency applications across sectors including telecommunications, healthcare, and manufacturing propels market growth.
The Asia Pacific region is expected to be the fastest-growing market for edge computing, driven by rapid industrialization, urbanization, and increasing adoption of IoT technologies. The proliferation of 5G networks enhances connectivity and enables real-time data processing, further accelerating edge computing market growth.
Recent Developments:
- On October 23, 2024, ZEDEDA and OnLogic announced a strategic partnership to launch OnLogic Powered by ZEDEDA, integrating rugged industrial-grade hardware with cloud-native edge orchestration software. This collaboration aims to simplify and secure the deployment and management of edge computing workloads for enterprises, accelerating time to value. On October 24, 2024, Australian micro data center provider Zella DC launched the Zella Outback, a cutting-edge outdoor micro data center designed specifically for edge computing in extreme conditions. This innovative solution emphasizes reliability and performance, drawing inspiration from the rugged landscapes of Western Australia.
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Exclusive Sections of the Report (The USPs) – Check Section 5
- Technological Adoption Rate – helps you uncover opportunities for investment by analyzing the adoption rates of emerging technologies such as AI at the edge, containerization, and real-time analytics across diverse industry verticals. Capacity Utilization Rates – helps you identify infrastructure demand by tracking network expansion metrics by region, revealing hotspots of overcapacity or underserved zones driving future investments. Supply Chain Disruption Index – helps you identify risk-prone areas by mapping the regional trends in cloud service reliance and vendor concentration, which could impact availability and performance of edge deployments. Environmental Compliance Metrics – helps you understand the growing regulatory pressure for secure and localized data processing, especially in regions with strict data sovereignty and energy efficiency requirements. Competitive Landscape – helps you gauge the strength of regional players and cloud-edge service providers through their cloud usage footprint, infrastructure rollouts, and responsiveness to security incidents. Cybersecurity Incident Index – helps you assess risk exposure by analyzing the frequency and distribution of cybersecurity breaches (2020–2023) across regions, supporting investment decisions in edge security solutions.
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