The global edge computing market size was valued at USD 4.68 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 38.4% from 2021 to 2028.
Edge computing refers to the distributed computing paradigm, which is mostly used to bring computing and data storage closer to the location, in order to improve the response time. The analysis tools used across industries are beginning to drive new levels of performance and productivity. Therefore, the distributed computing paradigm, called edge computing, is gaining traction.
The amalgamation of Artificial Intelligence (AI) into the edge ecosystem is the factor that has supported long-term expansion for Edge Computing Market.
Due to the COVID 19 outbreak, organizations across the globe are experiencing huge changes in the way products and services are bought and sold. Due to social distancing and the COVID-19 pandemic, the number of work-from-home jobs has highly surged. Edge computing makes working from home much easier by improving network performance and reducing latency issues for end users.
APAC is projected to witness the fastest growth rate in the coming years. APAC has witnessed the advanced and dynamic adoption of new technologies and is projected to record the highest CAGR during the forecast period. In addition, IT spending across organizations in the region is gradually increasing, which is projected to lead to a surge in the adoption of edge computing. APAC is a base to various global telecommunications and edge network companies, including Huawei, Telstra, Vodafone, Optus, China Telecom, Vodafone, and NTT Docomo, which acts as a growth factor for the edge computing market.
Insights are provided for each region and major countries within the regions
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Report Feature |
Descriptions |
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Growth Rate |
CAGR of 38.4% during the forecasting period, 2021-2028 |
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Historical Data |
2018-2019 |
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Forecast Years |
2021-2028 |
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Base Year |
2020 |
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Units Considered |
Revenue in USD billion and CAGR from 2021 to 2028 |
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Report Segmentation |
components, application, organization size, verticals and geography. |
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Report Attribute |
Market Revenue Sizing (Global, Regional and Country Level) Company Share Analysis, Market Dynamics, Company Profiling |
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Regional Level Scope |
North America, Europe, Asia-Pacific, South America, and Middle East and Africa |
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Country Level Scope |
U.S., Japan, Germany, U.K., China, India, Brazil, UAE, South Africa (50+ Countries Across the Globe) |
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Companies Profiled |
ABB; Cisco Systems, Inc.; Atos SE; Belden Inc.; Digi International Inc.; Honeywell International Inc.; Microsoft Corporation; Moxa Inc.; Sierra Wireless, Sierra Wireless, Edgeiq, Saguna Networks, Vapour Io, Adlink, Capgemini, Axellio, Digi International, Juniper Networks, and Clearblade |
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Available Customization |
In addition to the market data for Edge Computing Market, Delvens offers client-centric report and customized according to the company’s specific demand and requirement. |
Edge Computing Market is segmented into components, application, organization size, verticals and geography.
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