Edge Computing Market Analysis and Forecast to 2032: By Components ( Hardware, Software, Service), Enterprise Size (SMEs, Large Enterprise), End-user (BFSI, Transportation, Healthcare, Manufacturing, Semiconductor, Government, IT & Telecommunication, Retail, Energy, Utilities, Education, Hospitality), and Region

The edge computing market was valued at USD 29.2 billion in 2022 and it is anticipated to grow further till USD 261.0 billion by 2032, at a CAGR of 24.5% during the forecast period.

Edge computing is a type of distributed computing that brings computation and data storage closer to the location where it is needed, to improve response times and save bandwidth.

In traditional computing, data is typically stored in a central location, such as a data center, and processed in batch mode. This can lead to delays if the data center is located far from where it is needed. Edge computing moves some of the computation and data storage closer to the edge of the network, where it is needed. This can improve response times and save bandwidth.

Edge computing is a key technology for the future of the Internet of Things (IoT), as it can help to reduce the amount of data that needs to be sent to the cloud for processing, and improve response times.

Global Edge Computing Market Scope and Report Structure
Report Attribute Details
Market Size in 2022$29.2 Bn
Market Size in 2032$261.0 Bn
Growth Rate (2022-32)24.5%
Historic Period2016-2021
Forecast Period2023-2032
Base Year2022
Segments CoveredComponent, Enterprise Size, End User, and Region
Key CompaniesAdvanced Micro Device, Yokogawa Electric Corporation, ABB Limited, Rittal Gmbh And Co, Zenlayer Inc, The Hewlett Packard Enterprise Company, Fujitsu Limited, Siemens AG, Integrated Device Technology, and Edge Connex Inc. among others.
Regional ScopeNorth America, Europe, Asia Pacific, Central & South America, Middle East & Africa
Analysis CoverageMarket Forecast, Competitive Landscape, Drivers, Trends, Restraints, Opportunities, Value-Chain, PESTLE, Key Events and Developments
Market Drivers and Trends

Advanced Micro DHere are five key trends in the edge computing market:

  • Increased demand for real-time data: One of the biggest drivers of edge computing is the increasing demand for real-time data. With the rise of the Internet of Things (IoT), more and more devices are being connected to the internet and are generating data. This data needs to be processed quickly and efficiently, and edge computing is the perfect solution.
  • More focus on data security: Another trend in the edge computing market is an increased focus on data security. With data being processed at the edge, it is less likely to be compromised by hackers. Additionally, data can be encrypted at the edge, making it even more secure.
  • Greater scalability: Edge computing is also becoming more popular because it is more scalable than traditional computing. With traditional computing, data has to be sent back to a central location to be processed. This can cause bottlenecks and slow down the process. With edge computing, data can be processed locally, which makes it much more scalable.
  • Improved performance: Another benefit of edge computing is improved performance. With data being processed closer to where it is being generated, there is less latency. This means that applications can run more smoothly and quickly.
  • Reduced costs: Finally, edge computing can also help to reduce costs. By processing data at the edge, organizations can avoid the need to build and maintain centralized data centers. This can save a lot of money in the long run.
  • These are just a few of the key trends in the edge computing market. As this new form of computing continues to evolve, we can expect to see more exciting innovations and developments.evice, Yokogawa Electric Corporation, ABB Limited, Rittal Gmbh And Co, Zenlayer Inc, The Hewlett Packard Enterprise Company, Fujitsu Limited, Siemens AG, Integrated Device Technology, and Edge Connex Inc.
Market Restraints and Challenges

One of the key restraints is the lack of standardization. There is no one standard for edge computing, which makes it difficult for vendors to interoperate and for customers to choose the right solution for their needs. Additionally, edge computing can be complex and expensive to deploy and manage. There are also privacy and security concerns associated with edge computing, as data is often processed and stored outside of the traditional data center.

Another challenge in the edge computing market is the lack of skilled personnel. There is a shortage of engineers and other professionals with the skills necessary to deploy and manage edge computing solutions. This shortage is likely to continue as the demand for edge computing grows.

Global Edge Computing Market Segmental Overview

The global edge computing market is segmented into component, enterprise size, end user, and region.

Global Edge Computing Market by Component

Based on component, it is segmented into hardware, software, and service. The hardware segment is anticipated to dominate the market during the forecast period. Similarly, the software segment is anticipated to witness the fastest growth during the forecast period.

Global Edge Computing Market by Enterprise Size

Based on enterprise size, it is segmented into SMEs, and large enterprise. The SMEs segment is anticipated to dominate the market during the forecast period. Similarly, the large enterprise segment is anticipated to witness the fastest growth during the forecast period.

Global Edge Computing Market by End User

Based on end user, it is segmented into BFSI, transportation, healthcare, manufacturing, semiconductor, government, IT & telecommunication, retail, energy, utilities, education, and hospitality. The BFSI segment is anticipated to dominate the market during the forecast period. Similarly, the transportation segment is anticipated to witness the fastest growth during the forecast period.

Geographical Analysis of the Global Edge Computing Market

Region-wise, it is studied across North America, Europe, Asia Pacific, and the Rest of the World. The North American region is anticipated to dominate the market during the forecast period. Similarly, the Europe region is anticipated to dominate the market during the forecast period.

Major Players in the Global Edge Computing Market

The key players studied in the report are Advanced Micro Device, Yokogawa Electric Corporation, ABB Limited, Rittal Gmbh And Co, Zenlayer Inc, The Hewlett Packard Enterprise Company, Fujitsu Limited, Siemens AG, Integrated Device Technology, and Edge Connex Inc. among others.

COVID-19 Impact

Edge computing and data centres have seen increased use as a result of the COVID-19 outbreak. However, it is anticipated that investment in these technologies would decline significantly in the coming months as more of them are deployed. Companies in a wide range of industry sectors are lowering their spending or cutting their investments in upgrading servers and software in order to achieve significant cost savings. Although there are some anomalies, increased edge and IoT spending in the telecom and healthcare sectors stand out. As communications infrastructure continues to be developed, demand for edge computing is anticipated to increase in the years following the COVID-19 pandemic. Working from home is gradually replacing traditional office work. In addition, a network design needing high security and low latency connectivity is anticipated to emerge as the healthcare system gains traction through online consultations. Since the cost of creating full-sized data centres or adding further switching capabilities will be greater than the cost of edge facilities per unit, telecom companies are anticipated to seize the opportunity. In the upcoming years, telecom companies will benefit from this cost advantage as they transition to large-scale data centre installations.

Recent Developments
  • April 2022, Ball extended its agreement with AWS. This collaboration aims to launch the first public multi-access edge computing (MEC) with AWS Wavelength in Canada. 5G network is expected to bring new growth opportunities to the edge computing market.
  • January 2022, Verizon and AWS partnered to expand to 30% more metro area locations in the United States with mobile edge computing with the addition of Charlotte, Detroit, Los Angeles, and Minneapolis. The combination minimizes the latency and network hops required to connect from an application hosted on the platform to the end user’s device.
Frequently Asked Questions

Q1. How big is the Edge Computing market?

Ans. The global Edge Computing market size was USD 29.2 billion in 2022 and it is anticipated to grow further till USD 261.0 billion by 2032, at a CAGR of 24.5% from 2023 to 2032.

Q2. What is the Edge Computing market growth rate?

Ans. The growth rate of the Edge Computing market is 24.5%.

Q3. Which region holds a major market share for the Edge Computing market?

Ans. North America holds a major market share of the Edge Computing market in 2022.

Q4. Which segment accounted for the largest Edge Computing market share?

Ans. By component, software segment accounted for the largest Edge Computing market share.

Q5. Who are the key players in the Edge Computing market?

Ans. The global Edge Computing market report includes players such as Advanced Micro Device, Yokogawa Electric Corporation, ABB Limited, Rittal Gmbh And Co, Zenlayer Inc, The Hewlett Packard Enterprise Company, Fujitsu Limited, Siemens AG, Integrated Device Technology, and Edge Connex Inc. among others.

Q6. What are the factors driving the Edge Computing market growth?

Ans. The major factors driving the growth of the market are the growing market in emerging countries.

Q7. What are the key growth strategies of Edge Computing market players?

Ans. The key growth strategies of Edge Computing market players are product launch and product approval.

Q8. Which region will provide more business opportunities for the Edge Computing market during the forecast period?

Ans. The Asia-Pacific region will provide more business opportunities for the Edge Computing market during the forecast period.

Table of Contents

1. Edge Computing Market Overview
1.1 Objectives of the Report
1.2 Market Definition and Scope of the Report
1.3 Research Limitations
1.4 Research Methodologies
1.4.1 Secondary Research
1.4.2 Market Size Estimation Technique
1.4.3 Forecasting
1.4.4 Primary Research and Data Validation

2. Executive Summary
2.1 Summary
2.2 Key Findings of the Market

3. Premium Insights on the Market
3.1 Market Attractiveness Analysis, by Region
3.2 Market Attractiveness Analysis, by Component
3.3 Market Attractiveness Analysis, by Enterprise Size
3.4 Market Attractiveness Analysis, by End User

4. Edge Computing Market Outlook
4.1 Market Segmentation
4.2 Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunities
4.3 Porters Five Forces Analysis
4.3.1 Bargaining Power of Buyers
4.3.2 Bargaining Power of Suppliers
4.3.3 Threat of New Entrants
4.3.4 Threat of Substitution
4.3.5 Competitive Rivalry
4.4 PESTLE Analysis
4.5 Value Chain Analysis
4.6 Impact of COVID-19 on the Market
4.7 Impact of the Russia and Ukraine War

5. Edge Computing Market by Component
5.1 Overview
5.2 Market Size and Forecast
5.3 Hardware
5.3.1 Key Market Trends & Opportunity Analysis
5.3.2. Market Size and Forecast, by Region
5.4 Software
5.4.1 Key Market Trends & Opportunity Analysis
5.4.2 Market Size and Forecast, by Region
5.5 Software
5.5.1 Key Market Trends & Opportunity Analysis
5.5.2 Market Size and Forecast, by Region

6. Edge Computing Market by Enterprise Size
6.1 Overview
6.2 Market Size and Forecast
6.3 SMEs
6.3.1 Key Market Trends & Opportunity Analysis
6.3.2 Market Size and Forecast, by Region
6.4 Large Enterprise
6.4.1 Key Market Trends & Opportunity Analysis
6.4.2 Market Size and Forecast, by Region

7. Edge Computing Market by End User
7.1 Overview
7.2 Market Size and Forecast
7.3 BFSI
7.3.1 Key Market Trends & Opportunity Analysis
7.3.2 Market Size and Forecast, by Region
7.4 Transportation
7.4.1 Key Market Trends & Opportunity Analysis
7.4.2 Market Size and Forecast, by Region
7.5 Healthcare
7.5.1 Key Market Trends & Opportunity Analysis
7.5.2 Market Size and Forecast, by Region
7.6 Manufacturing
7.6.1 Key Market Trends & Opportunity Analysis
7.6.2 Market Size and Forecast, by Region
7.7 Semiconductor
7.7.1 Key Market Trends & Opportunity Analysis
7.7.2 Market Size and Forecast, by Region
7.8 Government
7.8.1 Key Market Trends & Opportunity Analysis
7.8.2 Market Size and Forecast, by Region
7.9 IT & Telecommunication
7.9.1 Key Market Trends & Opportunity Analysis
7.9.2 Market Size and Forecast, by Region
7.10 Retail
7.10.1 Key Market Trends & Opportunity Analysis
7.10.2 Market Size and Forecast, by Region
7.11 Energy
7.11.1 Key Market Trends & Opportunity Analysis
7.11.2 Market Size and Forecast, by Region
7.12 Utilities
7.12.1 Key Market Trends & Opportunity Analysis
7.12.2 Market Size and Forecast, by Region
7.13 Education
7.13.1 Key Market Trends & Opportunity Analysis
7.13.2 Market Size and Forecast, by Region
7.14 Hospitality
7.14.1 Key Market Trends & Opportunity Analysis
7.14.2 Market Size and Forecast, by Region

8. Edge Computing Market by Region
8.1. Overview
8.2. North America
8.2.1.Key Market Trends and Opportunities
8.2.2.Market Size and Forecast by Component
8.2.3.Market Size and Forecast by Enterprise Size
8.2.4.Market Size and Forecast by End User
8.2.5.Market Size and Forecast by Country
8.2.6.The U.S.
8.2.6.1. Market Size and Forecast by Component
8.2.6.2. Market Size and Forecast by Enterprise Size
8.2.6.3. Market Size and Forecast by End User
8.2.7. Canada
8.2.7.1. Market Size and Forecast by Component
8.2.7.2. Market Size and Forecast by Enterprise Size
8.2.7.3. Market Size and Forecast by End User
8.2.8. Mexico
8.2.8.1. Market Size and Forecast by Component
8.2.8.2. Market Size and Forecast by Enterprise Size
8.2.8.3. Market Size and Forecast by End User
8.3. Europe
8.3.1. Key Market Trends and Opportunities
8.3.2. Market Size and Forecast by Component
8.3.3. Market Size and Forecast by Enterprise Size
8.3.4. Market Size and Forecast by End User
8.3.5. Market Size and Forecast by Country
8.3.6. Germany
8.3.6.1. Market Size and Forecast by Component
8.3.6.2. Market Size and Forecast by Enterprise Size
8.3.6.3. Market Size and Forecast by End User
8.3.7. France
8.3.7.1. Market Size and Forecast by Component
8.3.7.2. Market Size and Forecast by Enterprise Size
8.3.7.3. Market Size and Forecast by End User
8.3.8. The UK
8.3.8.1. Market Size and Forecast by Component
8.3.8.2. Market Size and Forecast by Enterprise Size
8.3.8.3. Market Size and Forecast by End User
8.3.9. Spain
8.3.9.1. Market Size and Forecast by Component
8.3.9.2. Market Size and Forecast by Enterprise Size
8.3.9.3. Market Size and Forecast by End User
8.3.10. Italy
8.3.10.1. Market Size and Forecast by Component
8.3.10.2. Market Size and Forecast by Enterprise Size
8.3.10.3. Market Size and Forecast by End User
8.3.11. Rest of Europe
8.3.11.1. Market Size and Forecast by Component
8.3.11.2. Market Size and Forecast by Enterprise Size
8.3.11.3. Market Size and Forecast by End User
8.4. Asia-Pacific
8.4.1. Key Market Trends and Opportunities
8.4.2. Market Size and Forecast by Component
8.4.3. Market Size and Forecast by Enterprise Size
8.4.4. Market Size and Forecast by End User
8.4.5. Market Size and Forecast by Country
8.4.6. China
8.4.6.1. Market Size and Forecast by Component
8.4.6.2. Market Size and Forecast by Enterprise Size
8.4.6.3. Market Size and Forecast by End User
8.4.7. India
8.4.7.1. Market Size and Forecast by Component
8.4.7.2. Market Size and Forecast by Enterprise Size
8.4.7.3. Market Size and Forecast by End User
8.4.8. Japan
8.4.8.1. Market Size and Forecast by Component
8.4.8.2. Market Size and Forecast by Enterprise Size
8.4.8.3. Market Size and Forecast by End User
8.4.9. South Korea
8.4.9.1. Market Size and Forecast by Component
8.4.9.2. Market Size and Forecast by Enterprise Size
8.4.9.3. Market Size and Forecast by End User
8.4.10. Rest of APAC
8.4.10.1. Market Size and Forecast by Component
8.4.10.2. Market Size and Forecast by Enterprise Size
8.4.10.3. Market Size and Forecast by End User
8.5. Rest of the World
8.5.1. Key Market Trends and Opportunities
8.5.2. Market Size and Forecast by Component
8.5.3. Market Size and Forecast by Enterprise Size
8.5.4. Market Size and Forecast by End User
8.5.5. Market Size and Forecast by Country
8.5.6. Latin America
8.5.6.1. Market Size and Forecast by Component
8.5.6.2. Market Size and Forecast by Enterprise Size
8.5.6.3. Market Size and Forecast by End User
8.5.7. The Middle East
8.5.7.1. Market Size and Forecast by Component
8.5.7.2. Market Size and Forecast by Enterprise Size
8.5.7.3. Market Size and Forecast by End User
8.5.8. Africa
8.5.8.1. Market Size and Forecast by Component
8.5.8.2. Market Size and Forecast by Enterprise Size
8.5.8.3. Market Size and Forecast by End User

9. Competitive Landscape
9.1 Overview
9.2 Market Share Analysis
9.3 Ranking by Edge Computing Market Revenue
9.4 Vendor Benchmarking
9.5 Developmental Strategy Benchmarking
9.5.1. Acquisitions & Mergers
9.5.2. Product Launches & Developments
9.5.3. Business Expansions
9.5.4. Partnerships, Joint Ventures, and Collaborations

10. Company Profiles
10.1 China Telecom Americas
10.1.1 Company Snapshot
10.1.2 Business Performance
10.1.3 Product Offerings
10.1.4 Key Developmental Strategies
10.1.5 SWOT Analysis
10.2 Yokogawa Electric Corporation
10.3 ABB Limited
10.4 Rittal Gmbh And Co
10.5 Zenlayer Inc
10.6 The Hewlett Packard Enterprise Company
10.7 Fujitsu Limited
10.8 Siemens AG
10.9 Integrated Device Technology
10.10 Edge Connex Inc
10.11 Advanced Micro Device
*The list of company is subject to change during the final compilation of the report

Market Segments

By Components

  • Hardware
  • Software
  • Service

By Enterprise Size

  • SMEs
  • Large Enterprise

By End-user

  • BFSI
  • Transportation
  • Healthcare
  • Manufacturing
  • Semiconductor
  • Government
  • IT & Telecommunication
  • Retail
  • Energy
  • Utilities
  • Education
  • Hospitality

By Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • UK
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • Rest of Asia Pacific
  • Central & South America
    • Brazil
    • Rest of CSA
  • Middle East & Africa
    • GCC Countries
    • South Africa
    • Rest of MEA

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