Edge Computing Market To Generate Revenue Of $43.4 Billion By 2027 Due To Rise In The Adoption Of The Technology By Telecom Companies : Grand View Research Inc.

February 17 06:08 2021
Edge Computing Market To Generate Revenue Of $43.4 Billion By 2027 Due To Rise In The Adoption Of The Technology By Telecom Companies : Grand View Research Inc.

“Grand View Research, Inc. – Market Research And Consulting.”
According to a report published by Grand View Research, the increasing security concerns in public places and the rising prevalence of IoT can be due to the strong consumer growth. It is expected that the IoT-edge partnership will revolutionize data computing and account for various organizational benefits for those who wish to maximize and optimize the potential of data analytics in creating applications for large vertical industries.

According to a report, “Edge Computing Market Size, Share & Trends Analysis Report By Component (Hardware, Software, Services, Edge-managed Platforms), By Industry Vertical (Healthcare, Agriculture), By Region, And Segment Forecasts, 2020 – 2027” published by Grand View Research, Inc., the global edge computing market size is anticipated to reach USD 43.4 billion by 2027, exhibiting a CAGR of 37.4% over the forecast period. 5G technology is expected to act as a catalyst for market growth. Applications using the 5G technology are expected to change traffic demand patterns, enabling technology growth avenues for the telecom providers. The cloud leaders see this as a threat and have started investing in the edge ecosystem by engaging in partnerships with telecom companies. It’s quite evident that 5G and its probable benefits have the potential to create a powerful network based on the technology that is expected to reorganize the industry architecture.

The rise in the adoption of the technology by telecom companies is expected to embrace new opportunities in Multi-access Edge Computing (MEC) market space. MEC allows companies to mitigate network congestion and ensure higher application performance by bringing processing tasks and running applications closer to the cellular customer. Furthermore, the implementation of MEC at mobile base stations or edge nodes is expected to facilitate the rapid and flexible deployment of new services and applications for customers, which promises healthy market growth.

Furthermore, there has been an anticipated wave of micro Edge Data Center (EDC) capacity that differs from the large centralized data centers to support the centralization of hyperscale computing. These data centers are expected to range from small clusters of the edge cloud resources located on a streetlight to a few racks located in a shelter at the base of a cell tower or inside buildings. Additionally, the 5G networks use EDC to provide efficient local data services, which enables the EDCs to redirect edge traffic away from the carrier networks to local public internet networks. Also, various start-ups such as EdgeMicro is in the process of deploying commercial mini data centers for IT computing stack, redundant cooling, fire suspension, and biometric security.

The development of edge Artificial Intelligence (AI) is continually expanding due to the increase in the number of connected devices globally, which is expected to propel edge computing market growth over the next few years. Edge AI is expected to allow real-time operations, including data creation, reducing power consumption, and reduce the costs for data communications for wearable devices and self-driving cars. Various companies such as NVIDIA Corporation; Google Inc.; and Intel Corporation are developing processors specifically designed for the computing technology to accelerate the inferencing process. For instance, Atos SE launched AI-enabled high-performing server based on the technology to manage data. The installed BullSequana Edge Server steadily processes and manages IoT data, close to the source where it is generated.

U.S. edge computing market size, by component, 2016 - 2027 (USD Billion)

Edge Computing Market Report Highlights

  1. On the basis of component, the hardware segment dominated the global edge computing market in 2019 owing to the growing cloud-based applications where the server plays a crucial role, operating as the invisible computing backbone for the services on which users are dependent.

  2. The routers segment accounted for a revenue share of approximately 22% in 2019 due to the growing number of edge data centers across various industries.

  3. On the basis of industry vertical, the energy and utilities segment captured the largest revenue share in 2019. The emerging need to bridge the gap between theoretical efficiency and the actual output of energy grids is promoting the adoption of edge computing practices amongst grid manufacturers.  

  4. The industrial segment captured significant revenue share in 2019 owing to the advancement in industrial automation technology that has enabled manufacturers to increase the efficiency of their production lines and develop high-quality products.

  5. North America dominated the market with a revenue share of around 46% in 2019. The emergence of several startups providing platforms to develop an edge-enabled solution is driving the industry growth in the region.

  6. The Asia Pacific region is expected to witness the highest CAGR over the forecast period. The data center operators and enterprises in the Asia Pacific region are expected to build edge data centers to cope up with better IoT device management and edge computing when 5G networks are in place. 

“Would you Like/Try a Sample Report” Click the link below:https://www.grandviewresearch.com/industry-analysis/edge-computing-market/request/rs1

Edge Computing Market Segmentation

Grand View Research has segmented the global edge computing market on the basis of component, industry vertical, and region:

Edge Computing Component Outlook (Revenue, USD Billion, 2016 – 2027)

  1. Hardware

    1. Edge Nodes/Gateways (Servers)

    2. Sensors/Routers

    3. Others

  2. Software

  3. Services

  4. Edge-Managed Platform

Edge Computing Industry Vertical Outlook (Revenue, USD Billion, 2016 – 2027)

  1. Industrial

  2. Energy & Utilities

  3. Healthcare

  4. Agriculture

  5. Transportation & Logistics

  6. Retail

  7. Datacenters

  8. Wearables

  9. Smart cities, smart homes, smart buildings

Edge Computing Regional Outlook (Revenue, USD Billion, 2016 – 2027)

  1. North America

    1. The U.S.

    2. Canada

  2. Europe

    1. Germany

    2. The U.K.

  3. Asia Pacific

    1. China

    2. India

    3. Japan

  4. Latin America

    1. Brazil

    2. Mexico

  5. MEA

Key Players in the Edge Computing Market

  1. ABB

  2. Aricent, Inc.

  3. Amazon Web Services (AWS), Inc.

  4. Atos SE

  5. Belden Inc.

  6. Cisco Systems, Inc.

  7. Digi International Inc.

  8. General Electric Company

  9. Hewlett Packard Enterprise Development LP

  10. Honeywell International Inc.

  11. Huawei Technologies Co., Ltd.

  12. IBM Corporation

  13. Intel Corporation

  14. Microsoft Corporation

  15. Moxa Inc.

  16. Rockwell Automation Inc.

  17. SAP SE

  18. Siemens AG

  19. Sierra Wireless

Have Any Query? Ask Our Experts for More Details on Report:https://www.grandviewresearch.com/inquiry/4980/ibb

Browse Related Report @

Cognitive Computing Market – https://www.grandviewresearch.com/industry-analysis/cognitive-computing-market

Explore the BI enabled intuitive market research database, Navigate with Grand View Compass, by Grand View Research, Inc.

About Grand View Research

Grand View Research is a market research and consulting company based in the State of California with headquarters in San Francisco. The company offers consulting services tailored for business organizations to assist them with understanding and exploring their potential on a large scale. At the same time, Grand View Research caters to the individual research needs to provide a customized research service.
Grand View Research is fully committed to offer the best research services in the Industry. Our dedicated team of experienced analysts offer full capability and potential to precisely understand your research needs.

Media Contact
Company Name: Grand View Research, Inc.
Contact Person: Sherry James, Corporate Sales Specialist – U.S.A.
Email: Send Email
Phone: 1888202951
Address:Grand View Research, Inc. 201 Spear Street 1100 San Francisco, CA 94105, United States
City: San Francisco
State: California
Country: United States
Website: https://www.grandviewresearch.com/industry-analysis/edge-computing-market