The recently published report on the Global Edge Computing Market Analysis, Share, Size, Growth, Trends and Report 2030 by MarkNtel Advisors provides valuable insights into the changing dynamics of the market. The report comprehensively examines the factors driving growth, as well as the challenges, restraints, opportunities, trends, and developments influencing the industry.
The primary objective of this report is to enlighten stakeholders about the market's fluctuations, equipping them with the necessary information to make informed decisions regarding strategic investments and future participation. The study incorporates data from historical years (2019-2022), using 2023 as the base year, and offers a detailed industry outlook during the forecast period (2024-2030).
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To present a comprehensive overview of the industry, the analysts at MarkNtel Advisors provide unbiased, accurate, and reliable insights. The Global Edge Computing Market size was valued at USD 50.5 billion in 2022 and is estimated to grow at a CAGR of around 30% during the forecast period, i.e., 2024-30.Their research findings are presented using graphs, tables, and explanations to facilitate a better understanding of the market.
The investigation covers various aspects, including market attractiveness, key players and their strategies, the most and least lucrative segments, as well as growth environment and demand analysis across different regions. To gain a deeper understanding of the factors influencing the industry's growth trajectory, the researchers employ tools such as Porter's Five Forces Model.
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Global Edge Computing Market Driver:
Growth of 5G Networks Augmenting Edge Computing Industry – Compared to earlier generations of mobile networks, 5G networks offer significantly faster data transfer rates, reduced latency, and improved network dependability. This makes data transfer between edge devices and centralized data centers more effective and seamless. The demand for edge computing solutions to handle and analyze the massive amounts of data created by IoT devices, smart sensors, and other connected devices at the edge of the network is rising as 5G becomes more widely used.
By processing data locally and eliminating the need to transport massive amounts of data back and forth to centralized servers, edge computing helps to relieve network congestion. Consequently, the infrastructure required to support cutting-edge technologies like augmented reality, driverless cars, and smart cities is made possible by the combination of 5G and edge computing, fueling the revenue growth of the Global Edge Computing Market.
Segmentation Analysis
The report highlights the highly fragmented nature of the Edge Computing Market, examining the factors influencing the growth or decline of each segment. It provides detailed and accurate data on the actual size and volume of the market across different geographical locations.
-By Component
- Solution
- Services
-By Application
- Connected Vehicles
- Smart Devices
- Remote Monitoring
- Industrial Internet of Things
- Augmented Virtual Reality
- Smart Cities
- Content Delivery
- Others
-By End Users
- Energy Utilities
- Healthcare Lifesciences
- Transportation Logistics
- Manufacturing
- Retail Consumer Goods
- IT Telecom
- Government Defense
- Others
-By Organization Size
- Small
- Medium
- Large
The Edge Computing Market spans various geographical including:
-By Region
- North America
- South America
- Europe
- Middle East Africa
- Asia-Pacific
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Competitive Landscape
The research study offers an unbiased and straightforward investigation of the leading players operating in the Edge Computing Market. It includes comprehensive company profiling, covering aspects such as business strategy, overview, and financial performance. Furthermore, the analysts highlight the key product/service offerings, performance indicators, recent developments, and geographic presence of the following leading companies in the industry:
- ATT Inc.
- Rockwell Automation Inc.
- Atos SE
- Digi International Inc.
- General Electric Company
- ADLINK Technology Inc.
- Other
About Us:
MarkNtel Advisors is a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. We being a qualitative quantitative research company, strive to deliver data to a substantial varied client base, including multinational corporations, financial institutions, governments, and individuals, among others.
We have our existence across the market for many years and have conducted multi-industry research across 80+ countries, spreading our reach across numerous regions like America, Asia-Pacific, Europe, the Middle East Africa, etc., and many countries across the regional scale, namely, the US, India, the Netherlands, Saudi Arabia, the UAE, Brazil, and several others.
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