Edge Computing Market Introduction
Increase in need for processing and analyzing (IoT) data is driving business computing forward at a frenetic pace. In the recent years, enterprises have significantly spent on IoT equipment and services. Further, in near future, billions of new IoT devices are projected to be installed across end-user verticals which are anticipated to produce more data from more sources. Edge computing is a way that enables real-time analysis of data—generated from IoT devices—where it is produced instead of transferring it to cloud or data centers. As mobility continues to take an ever more central stage within an organization’s IT infrastructure need for adoption of edge-focused strategy is anticipated to increase at a considerable rate to embrace this shift and continue efficient business operations.
Need for real-time local data analysis has increased at a drastic rate owing to rising digitization across enterprises. Further, increased awareness among enterprises to make data-driven business decisions to streamline operations, enhance customer support, and rise above the competition has uplifted the growth of edge computing market. However, lack of skilled staff, lack process automation and digitization, and high initial investment are anticipated to hamper the growth of edge computing market especially in emerging countries such as India, China, and Brazil.
The edge computing market has been divided into various segments to track market performance from a different perspective. Major segments analyzed in the study are type, organization size, vertical, and region. Based on type, the edge computing market is segmented into hardware, solution, and services. By organization, the market is bifurcated into large enterprises and small-medium enterprises. Based on vertical, the market is segmented into retail sector, manufacturing sector, healthcare sector, public sector, media and entertainment sector, and others. Key regions analyzed in the market are North America, Latin America, Western Europe, Eastern Europe, Asia Pacific, and Middle East and Africa.
Edge Computing Market Competitive Landscape
Key vendors in the market are inclined towards introducing enhanced edge computing solutions to drive digital transformation among enterprises. For instance, in March 2017, Huawei introduced the Edge-Computing-IoT (EC-IoT) Solution at Mobile World Congress 2017 (MWC 2017) to accelerate digital transformation and unleash the great potential of industry innovations. Prominent players analyzed in the market are Adlink Technology, Aricent, Cisco, Dell, Foghorn Systems, HPE, Huawei, Juniper Networks, Machineshop, Nokia Networks, Saguna Networks, Vapor IO, and Vasona Networks.
Major Regions/Countries include:
- North America
- Western Europe
- United Kingdom
- Rest of Western Europe
- Eastern Europe
- Rest of Eastern Europe
- Asia Pacific (APAC)
- Rest of Asia-Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa (MEA)
- North Africa
- South Africa
- Rest of MEA
This research report on edge computing market would be produced using first-hand market information gathered from industry experts and major participants across the value chain, during primary research. It would provide broad view of current market trends, growth factors and competitive analysis.