Edge Computing Market (By Component: Hardware, Software, Services, Edge-managed Platforms; By Organization Size: Large Enterprises, SMEs; By Deployment: On Premise, Cloud; By Industry Vertical: Industrial, Energy & Utilities, Healthcare, Agriculture, Transportation & Logistics, Retail, Datacenters, Wearables, Smart Cities, Smart Homes, Smart Buildings; By Application: IIoT, Remote Monitoring, Content Delivery, Video Analytics, AR/VR, Others) - Market Size, Share, Growth, Trends and Forecast 2023 to 2032
The global edge computing market size was estimated at USD 254.61 billion in 2022 and it is projected to surpass around USD 3,605.58 billion by 2032 at a compound annual growth rate (CAGR) of 30.4% during the projected timeline from 2023 to 2032.
To Access our Exclusive Data Intelligence Tool with 15000+ Database, Visit: Precedence Statistics
The U.S. edge computing market size was valued at USD 97.09 billion in 2023 and is expected to reach USD 1,043.89 billion by 2032, growing at a CAGR of 30.20% from 2023 to 2032.
North America accounted highest revenue share of around 42% in 2022. By component, the US market was valued at US$ 692 million in 2022.
APAC is expected to develop at the quickest proportion in the next years. APAC has seen rapid implementation of new and is expected to have the greatest CAGR throughout the projection period. Moreover, IT investment in the zone is steadily growing, which is expected to contribute to an increase in the usage of edge computing. APAC is home to a number of major telecoms and edge network firms, including China Telecom Huawei, Telstra, Vodafone, Optus, and NTT Docomo, Vodafone which contributes to the expansion of the edge computing industry. Yet, as relative to North America and Europe, APAC penetration of edge computing is modest.
This is due to the absence of understanding among many of the region's small and medium-sized businesses (based on a survey by Vertiv, a cloud computing technology provider). The poll also revealed that the region's acceptance of edge computing is projected to skyrocket in the next 3–5 years, owing to a trend favoring edge technology across Asian retail and BFSI firms.
The COVID-19 epidemic has led to a surge in edge computing and data centres. Nevertheless, with increased deployment, investment on these technologies is projected to fall modestly over the subsequent few months. To attain quick cost reductions, companies across several business verticals are lowering their expenditure or eliminating their resources in modernising software and servers. There are few outliers, such as growing expenditures in edge and IoT in the medical and telecommunications sectors. The telecom industry is growing at a high rate in video conferencing software like as Zoom and Microsoft Teams, and creative approaches are being introduced to meet the increased demand. For example, in December 2020, SK Telecom and Amazon Web Services developed edge cloud services centred on the 5G MEC. Corporations are seizing possibilities to address the present circumstances by delivering innovative services.
The severe acceleration in request for the edge computing and is projected to persist for the next three to four years following the COVID-19 pandemic, as the strain on expanding core network will not abate in the near future. Working from home being new normal as well as the healthcare system reaching saturation point with the online consultations, is predicted to give birth to such network architecture requires minimal connectivity and strong security. Telecom firms are likely to seize on this possibility since the cost of setting up advanced compared facilities or establishing full-sized data centre will outweigh the cost of edge facilities per unit. This financial advantage will hasten telecom firms' transition to large-scale data centre development in the coming years. Edge computing has evolved into a solution-oriented technology, containing unique designs and hardware designed for specific use cases. This is the first step forward to the future in which the edge becomes a viable portion of the internet with user-friendly platforms for many developers to make the most of it.
| Report Coverage | Details |
| Market Size in 2023 | USD 330.74 Billion |
| Market Size by 2032 |
USD 3,605.58 Billion |
| Growth Rate from 2023 to 2032 | CAGR of 30.4% |
| North America Market Share in 2022 | 41% |
| Base Year | 2022 |
| Forecast Period | 2023 to 2032 |
| Segments Covered | Component, Organization Size, Deployment, Industry Vertical, Application, Geography |
| Companies Mentioned | Amazon Web Services (AWS), Inc., ABB, Siemens AG IBM Corporation, Aricent, Inc., Atos, General Electric Company, Hewlett Packard Enterprise Development, Cisco Systems, Inc., Huawei , Technologies Co., Ltd., Honeywell International Inc., SAP SE, Intel Corporation, Microsoft Corporation, Rockwell Automation, Inc |
The servers segment dominated the market in 2022. Servers that enable edge apps are often owned by organisations, linked to devices through a private network, and placed on-premises. Servers are progressively being installed in distant and edge locations, reducing latency among data producers and consumers. In addition, as the telco edge evolves, telcos are developing Multi-access Edge Computing (MEC) server architecture for information process technology.
The growing number of available centres in various industries is driving up market for edge routers. The routers serve as a gateway between both the local network and the external WAN. All data packets join the network to be routed through the entire edge router. Furthermore, the edge router is ultimately responsible for the operational security, filtering out unwanted access requests. Edge data centres must be well-equipped with diverse and strong edge routers capable of handling a high volume of traffic coming with low latency.
The energy and industrial category segment dominated the market in 2022. Smart grids, which operate on device edge infrastructure, are important in contributing to profitability in the energy and utilities industry. Sustainable environmental measures are pushing global attempts to enhance the effectiveness of electricity distribution services, as well as the development of alternative renewable energy sources like wind and solar. Globally, smart grids are being introduced to increase productivity improvements and offer features including as interconnection with smart appliances, real-time consumption control, and micro-grids to support distributed renewable production.
In 2022, the healthcare industry had a sizable revenue share. When it comes to the use of digital technology, the healthcare industry has always been cautious. The industry is highly controlled, with permission driving improvement rather than blatant interruption. Nonetheless, as the healthcare industry becomes more digital, hospitals and clinics are increasingly implementing digital health initiatives with variable degrees of sophistication and effectiveness. Clinics and hospitals are integrating edge computing solutions across critical use cases to enable these objectives, namely remote patient care, patient record management, intervention and constant patient monitoring.
The Industrial Internet of Things (IIoT) segment has dominated the market with highest revenue share in 2022. Edge computing has been critical in enabling firms to achieve facility digitalization. A major portion of edge computing in the industrial industry is implemented as machine edge. As system complexity rises and the infrastructures edge becomes more accessible, demands for edge set up to guarantee is projected to rise.
Industry 4.0 stresses speed and flexibility through the use of techniques that allow the integration of physical and cyber systems. Smart factories can use an edge platform to communicate only collected information to their cloud - based solutions. By evaluating data remotely and delivering summary data to the cloud, the edge provides a gateway. In a smart factory, for example, edge devices may proactively correct specific problems and alert plant managers to concerns on the manufacturing floor.
Segments Covered in the Report
By Component
By Organization Size
By Deployment
By Industry Vertical
By Application
By Geography
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on Edge Computing Market
5.1. COVID-19 Landscape: Edge Computing Industry Impact
5.2. COVID 19 - Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global Edge Computing Market, By Component
8.1. Edge Computing Market, by Component, 2023-2032
8.1.1. Hardware
8.1.1.1. Market Revenue and Forecast (2021-2032)
8.1.2. Software
8.1.2.1. Market Revenue and Forecast (2021-2032)
8.1.3. Services
8.1.3.1. Market Revenue and Forecast (2021-2032)
8.1.4. Edge-managed Platforms
8.1.4.1. Market Revenue and Forecast (2021-2032)
Chapter 9. Global Edge Computing Market, By Organization Size
9.1. Edge Computing Market, by Organization Size, 2023-2032
9.1.1. Large Enterprises
9.1.1.1. Market Revenue and Forecast (2021-2032)
9.1.2. SMEs
9.1.2.1. Market Revenue and Forecast (2021-2032)
Chapter 10. Global Edge Computing Market, By Deployment
10.1. Edge Computing Market, by Deployment, 2023-2032
10.1.1. On Premise
10.1.1.1. Market Revenue and Forecast (2021-2032)
10.1.2. Cloud
10.1.2.1. Market Revenue and Forecast (2021-2032)
Chapter 11. Global Edge Computing Market, By Industry Vertical
11.1. Edge Computing Market, by Industry Vertical, 2023-2032
11.1.1. Industrial
11.1.1.1. Market Revenue and Forecast (2021-2032)
11.1.2. Energy & Utilities
11.1.2.1. Market Revenue and Forecast (2021-2032)
11.1.3. Healthcare
11.1.3.1. Market Revenue and Forecast (2021-2032)
11.1.4. Agriculture
11.1.4.1. Market Revenue and Forecast (2021-2032)
11.1.5. Transportation & Logistics
11.1.5.1. Market Revenue and Forecast (2021-2032)
11.1.6. Retail
11.1.6.1. Market Revenue and Forecast (2021-2032)
11.1.7. Datacenters
11.1.7.1. Market Revenue and Forecast (2021-2032)
11.1.8. Wearables
11.1.8.1. Market Revenue and Forecast (2021-2032)
11.1.9. Smart Cities
11.1.9.1. Market Revenue and Forecast (2021-2032)
11.1.10. Smart Homes
11.1.10.1. Market Revenue and Forecast (2021-2032)
11.1.11. Smart Buildings
11.1.11.1. Market Revenue and Forecast (2021-2032)
Chapter 12. Global Edge Computing Market, By Application
12.1. Edge Computing Market, by Application, 2023-2032
12.1.1. IIoT
12.1.1.1. Market Revenue and Forecast (2021-2032)
12.1.2. Remote Monitoring
12.1.2.1. Market Revenue and Forecast (2021-2032)
12.1.3. Content Delivery
12.1.3.1. Market Revenue and Forecast (2021-2032)
12.1.4. Video Analytics
12.1.4.1. Market Revenue and Forecast (2021-2032)
12.1.5. AR/VR
12.1.5.1. Market Revenue and Forecast (2021-2032)
12.1.6. Others
12.1.6.1. Market Revenue and Forecast (2021-2032)
Chapter 13. Global Edge Computing Market, Regional Estimates and Trend Forecast
13.1. North America
13.1.1. Market Revenue and Forecast, by Component (2021-2032)
13.1.2. Market Revenue and Forecast, by Organization Size (2021-2032)
13.1.3. Market Revenue and Forecast, by Deployment (2021-2032)
13.1.4. Market Revenue and Forecast, by Industry Vertical (2021-2032)
13.1.5. Market Revenue and Forecast, by Application (2021-2032)
13.1.6. U.S.
13.1.6.1. Market Revenue and Forecast, by Component (2021-2032)
13.1.6.2. Market Revenue and Forecast, by Organization Size (2021-2032)
13.1.6.3. Market Revenue and Forecast, by Deployment (2021-2032)
13.1.6.4. Market Revenue and Forecast, by Industry Vertical (2021-2032)
13.1.7. Market Revenue and Forecast, by Application (2021-2032)
13.1.8. Rest of North America
13.1.8.1. Market Revenue and Forecast, by Component (2021-2032)
13.1.8.2. Market Revenue and Forecast, by Organization Size (2021-2032)
13.1.8.3. Market Revenue and Forecast, by Deployment (2021-2032)
13.1.8.4. Market Revenue and Forecast, by Industry Vertical (2021-2032)
13.1.8.5. Market Revenue and Forecast, by Application (2021-2032)
13.2. Europe
13.2.1. Market Revenue and Forecast, by Component (2021-2032)
13.2.2. Market Revenue and Forecast, by Organization Size (2021-2032)
13.2.3. Market Revenue and Forecast, by Deployment (2021-2032)
13.2.4. Market Revenue and Forecast, by Industry Vertical (2021-2032)
13.2.5. Market Revenue and Forecast, by Application (2021-2032)
13.2.6. UK
13.2.6.1. Market Revenue and Forecast, by Component (2021-2032)
13.2.6.2. Market Revenue and Forecast, by Organization Size (2021-2032)
13.2.6.3. Market Revenue and Forecast, by Deployment (2021-2032)
13.2.7. Market Revenue and Forecast, by Industry Vertical (2021-2032)
13.2.8. Market Revenue and Forecast, by Application (2021-2032)
13.2.9. Germany
13.2.9.1. Market Revenue and Forecast, by Component (2021-2032)
13.2.9.2. Market Revenue and Forecast, by Organization Size (2021-2032)
13.2.9.3. Market Revenue and Forecast, by Deployment (2021-2032)
13.2.10. Market Revenue and Forecast, by Industry Vertical (2021-2032)
13.2.11. Market Revenue and Forecast, by Application (2021-2032)
13.2.12. France
13.2.12.1. Market Revenue and Forecast, by Component (2021-2032)
13.2.12.2. Market Revenue and Forecast, by Organization Size (2021-2032)
13.2.12.3. Market Revenue and Forecast, by Deployment (2021-2032)
13.2.12.4. Market Revenue and Forecast, by Industry Vertical (2021-2032)
13.2.13. Market Revenue and Forecast, by Application (2021-2032)
13.2.14. Rest of Europe
13.2.14.1. Market Revenue and Forecast, by Component (2021-2032)
13.2.14.2. Market Revenue and Forecast, by Organization Size (2021-2032)
13.2.14.3. Market Revenue and Forecast, by Deployment (2021-2032)
13.2.14.4. Market Revenue and Forecast, by Industry Vertical (2021-2032)
13.2.15. Market Revenue and Forecast, by Application (2021-2032)
13.3. APAC
13.3.1. Market Revenue and Forecast, by Component (2021-2032)
13.3.2. Market Revenue and Forecast, by Organization Size (2021-2032)
13.3.3. Market Revenue and Forecast, by Deployment (2021-2032)
13.3.4. Market Revenue and Forecast, by Industry Vertical (2021-2032)
13.3.5. Market Revenue and Forecast, by Application (2021-2032)
13.3.6. India
13.3.6.1. Market Revenue and Forecast, by Component (2021-2032)
13.3.6.2. Market Revenue and Forecast, by Organization Size (2021-2032)
13.3.6.3. Market Revenue and Forecast, by Deployment (2021-2032)
13.3.6.4. Market Revenue and Forecast, by Industry Vertical (2021-2032)
13.3.7. Market Revenue and Forecast, by Application (2021-2032)
13.3.8. China
13.3.8.1. Market Revenue and Forecast, by Component (2021-2032)
13.3.8.2. Market Revenue and Forecast, by Organization Size (2021-2032)
13.3.8.3. Market Revenue and Forecast, by Deployment (2021-2032)
13.3.8.4. Market Revenue and Forecast, by Industry Vertical (2021-2032)
13.3.9. Market Revenue and Forecast, by Application (2021-2032)
13.3.10. Japan
13.3.10.1. Market Revenue and Forecast, by Component (2021-2032)
13.3.10.2. Market Revenue and Forecast, by Organization Size (2021-2032)
13.3.10.3. Market Revenue and Forecast, by Deployment (2021-2032)
13.3.10.4. Market Revenue and Forecast, by Industry Vertical (2021-2032)
13.3.10.5. Market Revenue and Forecast, by Application (2021-2032)
13.3.11. Rest of APAC
13.3.11.1. Market Revenue and Forecast, by Component (2021-2032)
13.3.11.2. Market Revenue and Forecast, by Organization Size (2021-2032)
13.3.11.3. Market Revenue and Forecast, by Deployment (2021-2032)
13.3.11.4. Market Revenue and Forecast, by Industry Vertical (2021-2032)
13.3.11.5. Market Revenue and Forecast, by Application (2021-2032)
13.4. MEA
13.4.1. Market Revenue and Forecast, by Component (2021-2032)
13.4.2. Market Revenue and Forecast, by Organization Size (2021-2032)
13.4.3. Market Revenue and Forecast, by Deployment (2021-2032)
13.4.4. Market Revenue and Forecast, by Industry Vertical (2021-2032)
13.4.5. Market Revenue and Forecast, by Application (2021-2032)
13.4.6. GCC
13.4.6.1. Market Revenue and Forecast, by Component (2021-2032)
13.4.6.2. Market Revenue and Forecast, by Organization Size (2021-2032)
13.4.6.3. Market Revenue and Forecast, by Deployment (2021-2032)
13.4.6.4. Market Revenue and Forecast, by Industry Vertical (2021-2032)
13.4.7. Market Revenue and Forecast, by Application (2021-2032)
13.4.8. North Africa
13.4.8.1. Market Revenue and Forecast, by Component (2021-2032)
13.4.8.2. Market Revenue and Forecast, by Organization Size (2021-2032)
13.4.8.3. Market Revenue and Forecast, by Deployment (2021-2032)
13.4.8.4. Market Revenue and Forecast, by Industry Vertical (2021-2032)
13.4.9. Market Revenue and Forecast, by Application (2021-2032)
13.4.10. South Africa
13.4.10.1. Market Revenue and Forecast, by Component (2021-2032)
13.4.10.2. Market Revenue and Forecast, by Organization Size (2021-2032)
13.4.10.3. Market Revenue and Forecast, by Deployment (2021-2032)
13.4.10.4. Market Revenue and Forecast, by Industry Vertical (2021-2032)
13.4.10.5. Market Revenue and Forecast, by Application (2021-2032)
13.4.11. Rest of MEA
13.4.11.1. Market Revenue and Forecast, by Component (2021-2032)
13.4.11.2. Market Revenue and Forecast, by Organization Size (2021-2032)
13.4.11.3. Market Revenue and Forecast, by Deployment (2021-2032)
13.4.11.4. Market Revenue and Forecast, by Industry Vertical (2021-2032)
13.4.11.5. Market Revenue and Forecast, by Application (2021-2032)
13.5. Latin America
13.5.1. Market Revenue and Forecast, by Component (2021-2032)
13.5.2. Market Revenue and Forecast, by Organization Size (2021-2032)
13.5.3. Market Revenue and Forecast, by Deployment (2021-2032)
13.5.4. Market Revenue and Forecast, by Industry Vertical (2021-2032)
13.5.5. Market Revenue and Forecast, by Application (2021-2032)
13.5.6. Brazil
13.5.6.1. Market Revenue and Forecast, by Component (2021-2032)
13.5.6.2. Market Revenue and Forecast, by Organization Size (2021-2032)
13.5.6.3. Market Revenue and Forecast, by Deployment (2021-2032)
13.5.6.4. Market Revenue and Forecast, by Industry Vertical (2021-2032)
13.5.7. Market Revenue and Forecast, by Application (2021-2032)
13.5.8. Rest of LATAM
13.5.8.1. Market Revenue and Forecast, by Component (2021-2032)
13.5.8.2. Market Revenue and Forecast, by Organization Size (2021-2032)
13.5.8.3. Market Revenue and Forecast, by Deployment (2021-2032)
13.5.8.4. Market Revenue and Forecast, by Industry Vertical (2021-2032)
13.5.8.5. Market Revenue and Forecast, by Application (2021-2032)
Chapter 14. Company Profiles
14.1. Amazon Web Services (AWS), Inc.
14.1.1. Company Overview
14.1.2. Product Offerings
14.1.3. Financial Performance
14.1.4. Recent Initiatives
14.2. ABB
14.2.1. Company Overview
14.2.2. Product Offerings
14.2.3. Financial Performance
14.2.4. Recent Initiatives
14.3. Siemens AG
14.3.1. Company Overview
14.3.2. Product Offerings
14.3.3. Financial Performance
14.3.4. Recent Initiatives
14.4. IBM Corporation
14.4.1. Company Overview
14.4.2. Product Offerings
14.4.3. Financial Performance
14.4.4. Recent Initiatives
14.5. Aricent, Inc.
14.5.1. Company Overview
14.5.2. Product Offerings
14.5.3. Financial Performance
14.5.4. Recent Initiatives
14.6. Atos
14.6.1. Company Overview
14.6.2. Product Offerings
14.6.3. Financial Performance
14.6.4. Recent Initiatives
14.7. General Electric Company
14.7.1. Company Overview
14.7.2. Product Offerings
14.7.3. Financial Performance
14.7.4. Recent Initiatives
14.8. Hewlett Packard Enterprise Development
14.8.1. Company Overview
14.8.2. Product Offerings
14.8.3. Financial Performance
14.8.4. Recent Initiatives
14.9. Cisco Systems, Inc.
14.9.1. Company Overview
14.9.2. Product Offerings
14.9.3. Financial Performance
14.9.4. Recent Initiatives
14.10. Huawei Technologies Co., Ltd.
14.10.1. Company Overview
14.10.2. Product Offerings
14.10.3. Financial Performance
14.10.4. Recent Initiatives
Chapter 15. Research Methodology
15.1. Primary Research
15.2. Secondary Research
15.3. Assumptions
Chapter 16. Appendix
16.1. About Us
16.2. Glossary of Terms
No cookie-cutter, only authentic analysis – take the 1st step to become a Precedence Research client
