According to GlobalData’s latest published report, the revenue generated by the global edge computing market stood at USD 9.7 billion in 2021 and is expected to grow further at 16.6% CAGR to reach USD 22.2 billion by 2026 over the forecast period (2022-2026). The edge computing market report provides an executive-level overview of the current state of the global edge computing industry, including forecasts of key indicators till 2026. The report also features future scope, leading edge computing vendors profiling, and demand dynamics by hardware, software and services, across regions and countries. The research study focuses on edge computing markets across 24 major countries of the world.
Growing adoption of internet of things (IoT), 5G technology and emergence of COVID-19 pandemic are the key growth drivers of the market. The major players in the global edge computing market including, Microsoft Corp, International Business Machines Corp, Hewlett Packard Enterprise Co., and Dell Technologies Inc., amongst others, focus on expanding their product portfolio by adopting organic (through innovation and technology integration) and inorganic growth strategies, notably Partnerships, Mergers And Acquisitions (M&A). The top four edge computing vendors are listed below:
Microsoft Corp (US): Microsoft Corp is a multinational corporation producing personal computers, computer software, consumer electronics and related services. Microsoft Corp offers a wide range of products and services including public, private and hybrid server products, cloud services and enterprise services. In February 2022, the company collaborated with AT&T to integrate their 5G network with Microsoft’s Azure private multi access edge computing.
International Business Machines Corp (US): International Business Machines Corp (IBM) is a provider of information technology (IT) products and services and is headquartered in Armonk, New York. The company manufactures and sells system hardware and software, and offers infrastructure, hosting, and consulting services. In July 2021, IBM collaborated with Vantiq to deliver edge solutions at scale for enterprise clients enabling them to move data and applications seamlessly across hybrid cloud environments, from private data centers to the edge.
Hewlett Packard Enterprise Co. (US): Hewlett Packard Enterprise Co (HPE) is a provider of information technology solutions and cloud-based services and is headquartered in Texas, USA. The company’s product portfolio comprises servers, storage devices, networking products, converged systems, software, customized financial solutions, and cloud service-based products. It also provides information technology (IT) consulting, IT support, education, and training services. In July 2022, Carahsoft Technology Corp., partnered with HPE to distribute edge-to-cloud platform, solutions, and services to the public sector.
Dell Technologies Inc. (US): Dell Technologies Inc (Dell) is a multinational technology company headquartered in Round Rock, Texas, USA. The company designs, develops, manufactures, markets, sells, and supports information technology infrastructure such as laptops, desktops, mobiles, workstations, storage devices, software, cloud solutions and notebooks. In July 2022, Dell Technologies, SK Telecom and VMware collaborated to develop OneBox MEC, a single box approach that provides enterprises with an integrated, private 5G and edge computing platform.
Need more information? GlobalData's new report covers each of these companies in much more detail,
providing an analysis of the following:
• Major competitors
• Key strategic initiatives
• Market Dynamics including Venture Financing, Mergers & Acquisitions deals, Social Media Analytics, and Patent Analytics
• The comprehensive report provides global market size estimates, revenue numbers, and coverage of key issues and market drivers.
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