In a very well connected world, businesses are generating massive volumes of data, but the data would be useless to them if there wasn’t any Global Edge Computing Market. With such technology companies can examine and draw insights from this data at lightning speed.
This is the main growth driver of this market, but a new report from Research On Global Markets shows that there is much more going on. For one, this industry has a CAGR of 32.6% and will reach a value of USD 9 Bn by 2023.
The report describes how the industry is gaining relevance and how companies, civic authorities, and technology experts are finding new ways to apply edge computing. So far they’ve come up with using EC in smart cities, transportation, power management, IT, healthcare and manufacturing.
What will they come up with next? To get the answer to that question, download the full report now from their official website. All contact information for the company has been listed below.
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-Intended uses of this report
Overall, the report answers the question about how relevant edge computing is today, with market data to support findings. Readers can get an idea of how this industry works and which countries are leading in its application. All data has been derived using real-time analysis and can be relied on for the most accurate of results, as actionable data for building strategies.
-Critical factors covered in this analytical report
This report is a presentation of the concepts and findings of this industry that has been collected via generally accepted research practices. In this report, you will find the following.
- An assessment of companies and how they operate such as Cisco Systems, Inc., Microsoft Corporation, International Business Machines Corporation (IBM), Google LLC, Amazon.com, Inc., SAP SE, Oracle Corporation, Huawei Technologies Co., Ltd., Intel Corporation, General Electric Company
- Coverage of regional data that shows how this market pans out in various countries and if the macro and micro environmental factors are any different.
- An analysis of which country has the highest growth and a list of factors on why that is.
- Coverage of the industry from the point of view of the end-users, or places where edge computing is most likely to be used the most with focus on areas like IT and telecommunications, manufacturing, healthcare, logistics, and automotive.
- Coverage of the industry from the point of view of application, or areas where Edge Computing can be applied with a focus on civic amenities like transportation, safety, power, and telecommunications; smart city initiative and in for industrial purposes like predictive maintenance, artificial intelligence (AI), robotics and manufacturing.
Kindly note that the report can even be purchased in different versions exclusively for more customized business research requirements, such as Topline Reports, Product Detail Reports, Full market Reports, Regional Reports, Country Reports, Global Datasheet, and Company Profile.
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The global edge computing market size is expected to reach USD 28.84 billion by 2025 registering a CAGR of 54.0%, according to a new report by Radiant Insights, Inc.
Growing need to process large volumes of data being generated from the rise in Internet-of-Things (IoT) developments closer to the end user is expected to increase the demand for these solutions over the forecast period.
Thus, the continued transition toward the adoption of edge computing is expected to influence the IT strategies of key companies over the forecast period.
Its adoption is also expected to culminate in having micro data centers located closer to the existing infrastructure, which would help address the latency issues.
Prominent companies in the market include Microsoft Corp.; International Business Machines (IBM) Corp.; Cisco Systems, Inc.; Intel Corp.; and Amazon Web Services, Inc.
Further key findings from the study suggest: • High-performance applications in the edge network are expected to propel the growth of the software component segment over the forecast period • Data centers end-use segment is expected to witness the fastest CAGR over the forecast period owing to the rising need for reducing data center downtime • APAC is projected witness the highest CAGR of more than 60% from 2019 to 2025.
The Global Edge Computing Market size accounted 3.6 billion in 2020 is estimated to reach 65.2 billion by 2030 growing with a CAGR of 33.60% during the forecast timeline.
In the digital era, information technology and communications are two of the most essential issues.
New services, businesses, and start-ups emerge, disrupting the market's existing order.
ICT has a disruptive effect on company models and day-to-day work.Markets, businesses, and the government all need to adjust to these developments.
Governments are putting in a lot of effort to adapt and embrace new technology in order to digitalize the globe in this way.The Information and Communications Technology (ICT) industry is a key facilitator of economic growth and a key driver of the global digital economy's future development.
Cloud-based technology and automation will drive a greater percentage of technology expenditure towards emerging capabilities like AI, robots, and augmented reality, fuelled in part by cost reductions.Continuous modernisation and increased access to cloud-based services have fuelled the business industry's shift towards innovation and growth rather than cost reduction.The cloud has reached the mainstream market thanks to a surge in consumer demand for flexible pay-as-you-go models and major IT businesses integrating expensive cloud-based technologies with corporate systems.As a result, high-end technologies like AI and IoT, which were previously only available to a select few major enterprises and creative startups, are now available to a wide spectrum of small, medium, and large businesses.The future of the IT sector will certainly be shaped by automation.
Fact.MR has recently added a new research report on the global Edge Computing hardware Market to its repository.
This report aims to help readers in understanding key technologies as well as product developments in this market during the forecast period of 2020 to 2030.
Analysts at Fact.MR highlight that the global Edge Computing market will show growth at a prominent CAGR of 30% during the period of analysis.This report intends to offer an in-depth analysis of various important aspects such as opportunities, drivers, challenges, and restraints of the global Edge Computing market.
In addition to this, it provides detailed data on various key players working in this market together with important data on their diverse business strategies to maintain their prominent market position.The overall share, volume, and other additional important information of important players is also precisely presented in the latest report on the global Edge Computing market.
Apart from this, readers get a clear idea about emerging players and the competitive landscape of the market for Edge Computing during the forecast period of 2020 to 2030.
Thus, the report includes reliable data on partnerships, new product launches, mergers, and acquisitions occurring in the global Edge Computing market during the period of analysis.To know more about this market – trends, drivers, regional analysis – request a sample @ https://www.factmr.com/connectus/sample?flag=S_id=4761Fact.MR’s latest report delivers a complete study of the impact of COVID-19 on the Edge Computing market in the present situation.
Global Market For Edge Computing is estimated to reach USD 22,453.9 million by 2027, registering a 28.4% CAGR during the forecast period of 2020 to 2027 and Edge Computing Market: By Technology (Mobile Edge Computing, Fog Computing), by Deployment (On-Premise and Cloud), by Component (Hardware, Software and Solutions).Market SynopsisMarket Research Future (MRFR), in its latest the global edge computing market value can touch USD 22,453.9 Mn by 2027.
The rapid proliferation of Internet of Things (IoT) can impel the expansion of the market.
The rise in IoT trend and the high demand can impel the expansion of the market in years to come.The rise in initiatives for digital transformation can prompt the expansion of the market in the years to come.
The high adoption of IoT solutions by organizations can prompt the expansion of the edge computing market.
The rise in need for resilient data communication can aid in the edge computing due to data communication paths over centralized network that can provide business continuity.
Thus, can favour the expansion of the market in the years to come.Request a Free Sample @ https://www.marketresearchfuture.com/sample_request/3239Market SegmentationThe edge computing market segment study is based on technology, deployment, application, and vertical.
