Edge Computing Market Expected to Reach USD 11.92 Billion by 2028: Verified Market Research

The market report is a good combination of qualitative and quantitative data that highlights significant market changes, obstacles that business and the competition must overcome, as well as new possibilities and trends in the Edge Computing Market.

JERSEY CITY, N.J., March 8, 2023 /PRNewswire/ -- The global Edge Computing Market is projected to grow at a CAGR of 23.97% from 2021 to 2028, according to a new report published by Verified Market Research®. The report reveals that the market was valued at USD 2.98 Billion in 2020 and is expected to reach USD 11.92 Billion by the end of the forecast period.

Download PDF Brochure: https://www.verifiedmarketresearch.com/download-sample?rid=35584

Browse in-depth TOC on "Edge Computing Market"

202 - Pages
126 – Tables
37 – Figures

Edge Computing Market Driven by IoT Adoption and Increased Applications Across Industrial Verticals

The Edge Computing Market refers to the computing facility that is present close to the data sources, enabling distributed processing to support Internet of Things (IoT) and mobile computing technologies. This market has been rapidly growing due to increased adoption and applications across numerous industrial verticals, as well as the increased acceptance and use of IoT, which is loading up cloud infrastructure.

Edge computing technology allows data to be processed locally, rather than being routed to a data center, thereby accelerating data streams and supporting real-time data processing. This technology enhances the current cloud architecture and enables organizations to make quicker decisions. Moreover, businesses using IoT actuators, sensors, and other devices are quickly embracing edge computing alternatives such as edge nodes, devices, and hyper-localized data centers.

As work from home becomes the new norm and the healthcare system reaches a tipping point with online consultations, a network design that demands low-latency connectivity and strong security is anticipated to emerge. Edge computing, with special equipment and designs created for certain use cases, has developed into a solution-specific technology.

Key players in the Edge Computing Market include IBM, Cisco, HPE, Huawei, GE Digital, Saguna Networks, Dell Technologies, Cloudflare, Inc, and Microsoft. These companies are continuously adopting key development strategies to improve their market ranking and increase their market share. They are also engaged in product benchmarking and SWOT analysis to ensure they remain competitive and meet the needs of their customers.

In conclusion, the Edge Computing Market is expected to continue growing due to its ability to support IoT and mobile computing technologies, as well as its ability to enhance cloud architecture and enable organizations to make quicker decisions. With the rapid adoption of this technology by telecom companies, there is a significant opportunity for growth in the market.

Based on the research, Verified Market Research® has segmented the global Edge Computing Market into Component, Application, Vertical, And Geography.

• Edge Computing Market, by Component
• Hardware
• Platform
• Services
  
  
• Edge Computing Market, by Application
• Industrial Internet Of Things
• Smart Cities
• Remote Monitoring
• Others
  
  
• Edge Computing Market, by Vertical
• Telecommunications
• Media And Entertainment
• Government And Defense
• Others

• Edge Computing Market, by Geography
• North America
• U.S
• Canada
• Mexico
• Europe
• Germany
• France
• U.K
• Rest of Europe
• Asia Pacific
• China
• Japan
• India
• Rest of Asia Pacific
• ROW
• Middle East & Africa
• Latin America

Browse Related Reports:

Next Generation Computing Market By Component (Hardware, Software), By Type (Quantum Computing, Cloud Computing), By End-Use (Healthcare, BFSI), By Geography, And Forecast

Cognitive Computing Market By Component (Natural Language Processing, Machine Learning, Automated Reasoning), By Deployment Model (On-Premise, Cloud), By Geography, And Forecast

Healthcare Cloud Computing Market By Deployment Type (Private Cloud, Public Cloud), By Service Model (Infrastructure-As-A-Service, Platform-As-A-Service), By Geography, And Forecast

Edge Computing Services Market By Product (Hardware, Platform, Technology), By Application (Manufacturing, Energy & Utilities, It & Telecom, Healthcare & Life Sciences, Consumer Appliances, Transportation & Logistics), By Geography, And Forecast

Top 10 Edge Computing Companies supporting industries to become 100% self-reliant

Visualize Edge Computing Market using Verified Market Intelligence -:

Verified Market Intelligence is our BI Enabled Platform for narrative storytelling in this market. VMI offers in-depth forecasted trends and accurate Insights on over 20,000+ emerging & niche markets, helping you make critical revenue-impacting decisions for a brilliant future.

VMI provides a holistic overview and global competitive landscape with respect to Region, Country, Segment, and Key players of your market. Present your Market Report & findings with an inbuilt presentation feature saving over 70% of your time and resources for Investor, Sales & Marketing, R&D, and Product Development pitches. VMI enables data delivery In Excel and Interactive PDF formats with over 15+ Key Market Indicators for your market.

About Us

Verified Market Research® is a leading Global Research and Consulting firm servicing over 5000+ customers. Verified Market Research® provides advanced analytical research solutions while offering information-enriched research studies. We offer insight into strategic and growth analyses, Data necessary to achieve corporate goals and critical revenue decisions.

Our 250 Analysts and SMEs offer a high level of expertise in data collection and governance use industrial techniques to collect and analyze data on more than 15,000 high impact and niche markets. Our analysts are trained to combine modern data collection techniques, superior research methodology, expertise and years of collective experience to produce informative and accurate research.

We study 14+ categories from Semiconductors & Electronics, Chemicals, Advanced Materials, Aerospace & Defense, Energy & Power, Healthcare, Pharmaceuticals, Automotive & Transportation, Information & Communication Technology, Software & Services, Information Security, Mining, Minerals & Metals, Building & Construction, Agriculture industry and Medical Devices from over 100 countries.

Contact Us
Mr. Edwyne Fernandes
Verified Market Research®
US: +1 (650)-781-4080
UK: +44 (753)-715-0008
APAC: +61 (488)-85-9400
US Toll Free: +1 (800)-782-1768
Email: [email protected]
Web: https://www.verifiedmarketresearch.com/
Follow Us: LinkedIn | Twitter

Logo: https://mma.prnewswire.com/media/2015407/VMR_Logo.jpg

SOURCE Verified Market Research