/Global Edge Computing Market Projected to Garner $16.55 Bn by 2025 at 32.8% CAGR, Says AMR (via Qpute.com)
Global Edge Computing Market Projected to Garner $16.55 Bn by 2025 at 32.8% CAGR, Says AMR

Global Edge Computing Market Projected to Garner $16.55 Bn by 2025 at 32.8% CAGR, Says AMR (via Qpute.com)

PORTLAND, Oregon, May 14, 2019 /PRNewswire/ — Allied Market Research recently published a report, titled, Edge Computing Market By Component (Services and Solution), Application (Connected Cars, Smart Grids, Critical Infrastructure Monitoring, Traffic Management, Environmental Monitoring, Augmented Reality, Assets Tracking, Security and Surveillance, and Others), Organization Size (Small & Medium Enterprises, and Large Enterprises), and Industry Vertical (Energy and Utilities, Government and Public Sector, Healthcare, Manufacturing, Media and Entertainment, Transportation, Retail, Telecom and IT, and Others): Global Opportunity Analysis And Industry Forecast, 2018–2025. According to the report, the global edge computing market generated $1.73 billion in 2017 and is expected to attain $16.55 billion by 2025, registering a CAGR of 32.8% during the forecast period, 2018-2025.

Rise in number of intelligent applications, increasing load on cloud infrastructure, and the demand of assistance for real-time applications drive the growth of the global edge computing market. Additionally, the advent of 5G network and the development of numerous frameworks and languages for IoT solution is set to provide lucrative opportunities for emerging market players in the near future. However, the market growth is significantly hampered by the availability of local hardware and overall higher maintenance costs.

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Solutions segment to continue its dominance in the near future

By component, the solutions segment occupied almost 90% of the overall market share in 2017 and is expected to maintain its dominance through 2025. The software in edge computing solution allows users to run local compute, messaging & data caching in a secure way for connected devices. However, the services segment is poised to grow at the highest CAGR of 35.6% during the forecast period, owing to a growing need to manage analytical data throughout its lifespan.

Connected car segment to grow at the fastest rate during the forecast period

By application, the connected cars segment is projected to register the highest CAGR of 35.9% from 2018 to 2025, due to the increasing need to deliver real time infotainment and other services in cars. However, the security and surveillance segment is expected to continue its stronghold over the industry and generate almost one-fifth of the global revenue by 2025, on account of enabling real time threat detection and reducing network latency.

Asia Pacific to register the fastest growth through 2025

Regionally, Asia-Pacific is projected to register the highest CAGR of 35.1% during the forecast period, due to the strong penetration of mobile devices, and cellular technologies in emerging economies such as China and India. However, North America was the largest market in 2017, capturing almost two-fifths of the market share and is expected to dominate the market through 2025.

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Key market players

The key players analyzed in the report include Amazon Web Services (AWS), AT&T Inc., Cisco Systems Inc., Dell Inc., Fujitsu Limited, Huawei Technologies Co. Ltd., IBM Corporation, Hewlett Packard Enterprise (HPE), Microsoft Corporation, Nokia Corporation, and others. They have adopted different strategies including collaborations, joint ventures, partnerships, expansions, mergers & acquisitions, and others to gain a strong position in the industry.

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About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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SOURCE Allied Market Research

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