Edge Computing Market by Component (Hardware, Platform, and Services), Application (Smart Cities, IIoT, Content Delivery, Remote Monitoring, AR and VR), Organization Size (SMEs and Large Enterprises), Vertical, and Region - Global Forecast to 2024


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Edge Computing Market by Component (Hardware, Platform, and Services), Application (Smart Cities, IIoT, Content Delivery, Remote Monitoring, AR and VR), Organization Size (SMEs and Large Enterprises), Vertical, and Region - Global Forecast to 2024

Rising focus of enterprises on increasing speed, ensuring resiliency and security, and eliminating outage issues in minimal time, to drive the growth of edge computing market
MarketsandMarkets projects the global edge computing market to grow from USD 2.8 billion in 2019 to USD 9.0 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 26.5% during the forecast period. The edge computing market is growing rapidly with the growing adoption of Internet of Things (IoT) across industries; rising demand for low-latency processing and real-time, automated decision-making solutions; and the need for surmounting exponentially increasing data volumes and network traffic. However, a reluctance among Small and Medium-sized Enterprises (SMEs) to adopt edge computing solutions owing to initial Capital Expenditure (CAPEX) for infrastructure is projected to limit the growth of the market.

Industrial Internet of Things application segment to grow at the highest CAGR during the forecast period
The implementation of IoT across industries has increased rapidly, which drives companies to implement solutions that could enhance IoT deployments through data processing closer to the source. By infusing edge computing in Industrial Internet of Things (IIoT) processes, companies could achieve an improved network communication and cooperative coordination with the cloud connected to the system. Further, it helps organizations to reduce workloads by facilitating lost-cost, low-power, and high bandwidth networks.

Manufacturing vertical to hold the largest market size during the forecast period
Edge computing facilitates localized processing which helps reduce latency issues and enables smart and intelligent manufacturing through predictive analytics. With the rise in IoT deployment, manufacturing companies have been rapidly adopting edge computing to improve interoperability among IoT devices, reduce unforeseen downtime issues, and improve production efficiency.

Edge computing market in Asia Pacific to grow at the highest CAGR during the forecast period
The high growth of the market in Asia Pacific (APAC) is attributed to the pervasive use of mobile devices, growing data volumes, and increasing assimilation of workload-centric Information Technology (IT) infrastructure in the region with the rising need of businesses to remain globally competitive. Furthermore, the inclination of countries across the region toward emerging technologies, such as cloud computing, IoT, 5G, and Artificial Intelligence (AI), is also expected to fuel the growth of the edge computing market. However, limited technology sophistication among SMEs, privacy issues, and limited technical expertise in advanced technologies remains the biggest hurdle in the edge computing adoption across APAC. Regional technological advances and increasing awareness of edge computing benefits to minimize infrastructure complexities and installation costs opens new avenues for the growth of edge computing market in the region.

Further, in-depth interviews were conducted with the Chief Executive Officers (CEOs), Chief Marketing Officers (CMO), Chief Technology Officers (CTOs), Chief Operating Officers (COOs), Vice Presidents (VPs), Managing Directors (MDs), technology and innovation directors, and related key executives from various key companies and organizations operating in the edge computing market.

By Company - Tier 1-33%, Tier 2-27%, and Tier 3-40%
By Designation - C-Level-48%, Director Level-22%, and Others-30%
By Region - North America-42%, Europe-28%, and APAC-25%, RoW - 5%

The edge computing market comprises major solution providers, such as Cisco (US), HPE (US), Huawei (China), IBM (US), Dell Technologies (US), Nokia (Finland), Litmus Automation (US), FogHorn Systems (US), SixSq (Switzerland), MachineShop (US), Saguna Networks (Israel), Vapor IO (US), ADLINK (Taiwan), Altran (France), and Axellio (US). The study includes an in-depth competitive analysis of these key players in the edge computing market with their company profiles, recent developments, and key market strategies.

Research Coverage
The edge computing market revenue is primarily classified into revenues from hardware, platform, and services. Hardware revenue is associated with hardware offerings, such as local data centers, edge gateways, and edge devices, while platform revenue is associated with edge computing tools and software. Further, services’ revenue is associated with various support and maintenance, consulting and training, and integration services. The market is also segmented on the basis of application, organization size, vertical, and region.

Key benefits of the report
The report would help the market leaders/new entrants in this market with the information on the closest approximations of the revenue numbers for the overall edge computing market and the subsegments. This report would help stakeholders understand the competitive landscape and gain insights to better position their businesses and plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on the key market drivers, restraints, challenges, and opportunities.


  • INTRODUCTION
    • OBJECTIVES OF THE STUDY
    • MARKET DEFINITION
    • MARKET SCOPE
      • MARKET SEGMENTATION
      • REGIONS COVERED
    • YEARS CONSIDERED FOR THE STUDY
    • CURRENCY CONSIDERED
    • STAKEHOLDERS
  • RESEARCH METHODOLOGY
    • RESEARCH DATA
      • SECONDARY DATA
      • PRIMARY DATA
    • MARKET BREAKUP AND DATA TRIANGULATION
    • MARKET SIZE ESTIMATION
      • TOP-DOWN APPROACH
      • BOTTOM-UP APPROACH
    • MARKET FORECAST
      • Table FACTOR ANALYSIS
    • RESEARCH ASSUMPTIONS
    • LIMITATIONS
  • EXECUTIVE SUMMARY
  • PREMIUM INSIGHTS
    • ATTRACTIVE MARKET OPPORTUNITIES IN THE EDGE COMPUTING MARKET
    • EDGE COMPUTING MARKET, BY COMPONENT
    • EDGE COMPUTING MARKET, BY APPLICATION (2019 VS. 2024)
    • EDGE COMPUTING MARKET, BY ORGANIZATION SIZE (2019 VS. 2024)
    • EDGE COMPUTING MARKET, BY VERTICAL (2019 VS. 2024)
    • MARKET INVESTMENT SCENARIO
  • MARKET OVERVIEW AND INDUSTRY TRENDS
    • INTRODUCTION
    • MARKET DYNAMICS
      • DRIVERS
      • RESTRAINTS
      • OPPORTUNITIES
      • CHALLENGES
    • USE CASES
      • USE CASE 1: MAXIMUM ASSET UTILIZATION BY REMOTELY MONITORING MACHINES LOCATED IN HARSH ENVIRONMENTAL CONDITIONS
      • USE CASE 2: IMPROVED PREDICTIVE MAINTENANCE THROUGH CONSISTENT ASSET PERFORMANCE EVALUATION
      • USE CASE 3: IMPLEMENTING CORE-TO-EDGE INFRASTRUCTURE FOR NETWORK COMPLEXITY REDUCTION, NETWORK OUTAGE ELIMINATION, AND PATIENT-CARE IMPROVEMENT
      • USE CASE 4: DEPLOYING EDGE DATA CENTERS FOR IMPROVED CONTENT DELIVERY AND WEBSITE LATENCY
      • USE CASE 5: IMPROVED OPERATIONAL MARGINS THROUGH EDGE ANALYTICS AND REAL-TIME VISUALIZATION
      • USE CASE 6: ENHANCED INTERNET PERFORMANCE AND GAMING CONSISTENCY WITH EDGE NODES
      • USE CASE 7: REDUCING ROAD TRAFFIC ACCIDENTS THROUGH REALTIME LOCALIZED PROCESSING
      • USE CASE 8: ACHIEVING EDGE COLOCATION TO IMPROVE ROI AND MEET RISING CONSUMER DEMANDS
  • EDGE COMPUTING MARKET, BY COMPONENT
    • INTRODUCTION
      • Table EDGE COMPUTING MARKET SIZE, BY COMPONENT, 2017-2024 (USD MILLION)
    • HARDWARE
      • DECENTRALIZING COMPUTING PROCESSES AND UPGRADING EXISTING IT INFRASTRUCTURE TO FUEL THE DEMAND FOR EDGE COMPUTING HARDWARE
        • Table HARDWARE: EDGE COMPUTING MARKET SIZE, BY REGION, 2017-2024 (USD MILLION)
    • PLATFORM
      • CONTROLLING, MONITORING, AND CONNECTING REMOTELY LOCATED RESOURCES TO DRIVE THE ADOPTION OF EDGE COMPUTING PLATFORM
        • Table PLATFORM: EDGE COMPUTING MARKET SIZE, BY REGION, 2017-2024 (USD MILLION)
    • SERVICES
      • CONTROLLING IT COSTS AND ACHIEVING EFFORTLESS INTEGRATION TO DRIVE THE DEMAND FOR SERVICES
        • Table SERVICES: EDGE COMPUTING MARKET SIZE, BY REGION, 2017-2024 (USD MILLION)
  • EDGE COMPUTING MARKET, BY APPLICATION
    • INTRODUCTION
      • Table EDGE COMPUTING MARKET SIZE, BY APPLICATION, 2017-2024 (USD MILLION)
    • SMART CITIES
      • ELIMINATING NETWORK OVERLOADING RISKS FOR EFFECTIVE MANAGEMENT OF ASSETS AND SERVICES TO DRIVE THE ADOPTION OF EDGE COMPUTING IN SMART CITIES
        • Table SMART CITIES: EDGE COMPUTING MARKET SIZE, BY REGION, 2017-2024 (USD MILLION)
    • INDUSTRIAL INTERNET OF THINGS
      • OPTIMIZING THE POTENTIAL OF CONNECTED INFRASTRUCTURE IN INDUSTRIES TO DRIVE THE DEMAND OF EDGE COMPUTING FOR IIOT
        • Table INDUSTRIAL INTERNET OF THINGS: EDGE COMPUTING MARKET SIZE, BY REGION, 2017-2024 (USD MILLION)
    • REMOTE MONITORING
      • LIMITING DOWNTIME AND EXTENDING OPERATIONAL LIFESPAN TO BOOST THE DEMAND OF EDGE COMPUTING FOR REMOTE MONITORING
        • Table REMOTE MONITORING: EDGE COMPUTING MARKET SIZE, BY REGION, 2017-2024 (USD MILLION)
    • CONTENT DELIVERY
      • GROWING FOCUS ON ENHANCING CUSTOMER INTERACTIONS AND ENSURING TIMELY DELIVERY TO PROPEL THE DEMAND OF EDGE COMPUTING FOR CONTENT DELIVERY
        • Table CONTENT DELIVERY: EDGE COMPUTING MARKET SIZE, BY REGION, 2017-2024 (USD MILLION)
    • AUGMENTED REALITY AND VIRTUAL REALITY
      • DELIVERING IMMERSIVE EXPERIENCES TO IMPROVE CUSTOMER SATISFACTION AND LOYALTY TO FUEL THE ADOPTION OF EDGE COMPUTING FOR AUGMENTED REALITY AND VIRTUAL REALITY
        • Table AUGMENTED REALITY AND VIRTUAL REALITY: EDGE COMPUTING MARKET SIZE, BY REGION, 2017-2024 (USD MILLION)
    • OTHERS
      • Table OTHERS: EDGE COMPUTING MARKET SIZE, BY REGION, 2017-2024 (USD MILLION)
  • EDGE COMPUTING MARKET, BY ORGANIZATION SIZE
    • INTRODUCTION
      • Table EDGE COMPUTING MARKET SIZE, BY ORGANIZATION SIZE, 2017-2024 (USD MILLION)
    • SMALL AND MEDIUM-SIZED ENTERPRISES
      • REDUCING DATA LOSS AND DOWNTIME TO DRIVE THE DEMAND FOR EDGE COMPUTING IN SMALL AND MEDIUM-SIZED ENTERPRISES
        • Table SMALL AND MEDIUM-SIZED ENTERPRISES: EDGE COMPUTING MARKET SIZE, BY REGION, 2017-2024 (USD MILLION)
    • LARGE ENTERPRISES
      • RISING NEED TO LEVERAGE VOLUMINOUS DATA GENERATED THROUGH VARIOUS CHANNELS DRIVING THE ADOPTION OF EDGE COMPUTING AMONG LARGE ENTERPRISES
        • Table LARGE ENTERPRISES: EDGE COMPUTING MARKET SIZE, BY REGION, 2017-2024 (USD MILLION)
  • EDGE COMPUTING MARKET, BY VERTICAL
    • INTRODUCTION
      • Table EDGE COMPUTING MARKET SIZE, BY VERTICAL, 2017-2024 (USD MILLION)
    • MANUFACTURING
      • IMPROVING DISASTER RECOVERY AND ENABLING REAL-TIME AUTONOMOUS DECISIONS AT FACTORY FLOORS TO FUEL THE ADOPTION OF EDGE COMPUTING IN THE MANUFACTURING VERTICAL
        • Table MANUFACTURING: EDGE COMPUTING MARKET SIZE, BY REGION, 2017-2024 (USD MILLION)
    • ENERGY AND UTILITIES
      • PROACTIVELY MANAGING ASSETS IN REMOTE AND HARSH ENVIRONMENTAL CONDITIONS TO PROPEL THE DEMAND FOR EDGE COMPUTING IN THE ENERGY AND UTILITIES VERTICAL
        • Table ENERGY AND UTILITIES: EDGE COMPUTING MARKET SIZE, BY REGION, 2017-2024 (USD MILLION)
    • GOVERNMENT AND DEFENSE
      • MEETING MISSION DEMANDS AND ELIMINATING VULNERABILITIES IN MINIMAL TIME TO BOOST THE ADOPTION OF EDGE COMPUTING IN THE GOVERNMENT AND DEFENSE SECTOR
        • Table GOVERNMENT AND DEFENSE: EDGE COMPUTING MARKET SIZE, BY REGION, 2017-2024 (USD MILLION)
    • TELECOMMUNICATIONS
      • HARNESSING MASSIVE CUSTOMER DATA AND ENSURING DATA SECURITY TO BOOST THE DEMAND FOR EDGE COMPUTING SOLUTIONS IN THE TELECOMMUNICATIONS VERTICAL
        • Table TELECOMMUNICATIONS: EDGE COMPUTING MARKET SIZE, BY REGION, 2017-2024 (USD MILLION)
    • MEDIA AND ENTERTAINMENT
      • DELIVERING ENRICHING EXPERIENCES THROUGH INSTANTANEOUS CONNECTION TO DRIVE THE DEMAND FOR EDGE COMPUTING SOLUTIONS IN THE MEDIA AND ENTERTAINMENT VERTICAL
        • Table MEDIA AND ENTERTAINMENT: EDGE COMPUTING MARKET SIZE, BY REGION, 2017-2024 (USD MILLION)
    • RETAIL AND CONSUMER GOODS
      • GROWING CUSTOMER EXPECTATIONS AND NEED FOR ACHIEVING HIGH CUSTOMER SUCCESS RATES TO DRIVE THE ADOPTION OF EDGE COMPUTING IN THE RETAIL AND CONSUMER GOODS VERTICAL
        • Table RETAIL AND CONSUMER GOODS: EDGE COMPUTING MARKET SIZE, BY REGION, 2017-2024 (USD MILLION)
    • TRANSPORTATION AND LOGISTICS
      • MANAGING FLEETS AND FREIGHT TRANSPORTATION AND ENSURING COMPLETE PASSENGER AND DRIVER SAFETY TO BOOST THE ADOPTION OF EDGE COMPUTING IN THE TRANSPORTATION AND LOGISTICS VERTICAL
        • Table TRANSPORTATION AND LOGISTICS: EDGE COMPUTING MARKET SIZE, BY REGION, 2017-2024 (USD MILLION)
    • HEALTHCARE AND LIFE SCIENCES
      • CREATING DATA-DRIVEN PERSONALIZED EXPERIENCES AND TREATMENT PLANS TO BOLSTER THE ADOPTION OF EDGE COMPUTING IN THE HEALTHCARE AND LIFE SCIENCES VERTICAL
        • Table HEALTHCARE AND LIFE SCIENCES: EDGE COMPUTING MARKET SIZE, BY REGION, 2017-2024 (USD MILLION)
    • OTHERS
      • Table OTHERS: EDGE COMPUTING MARKET SIZE, BY REGION, 2017-2024 (USD MILLION)
  • EDGE COMPUTING MARKET, BY REGION
    • INTRODUCTION
      • Table EDGE COMPUTING MARKET SIZE, BY REGION, 2017-2024 (USD MILLION)
    • NORTH AMERICA
      • Table NORTH AMERICA: EDGE COMPUTING MARKET SIZE, BY COMPONENT, 2017-2024 (USD MILLION)
      • Table NORTH AMERICA: EDGE COMPUTING MARKET SIZE, BY APPLICATION, 2017-2024 (USD MILLION)
      • Table NORTH AMERICA: EDGE COMPUTING MARKET SIZE, BY ORGANIZATION SIZE, 2017-2024 (USD MILLION)
      • Table NORTH AMERICA: EDGE COMPUTING MARKET SIZE, BY VERTICAL, 2017-2024 (USD MILLION)
      • Table NORTH AMERICA: EDGE COMPUTING MARKET SIZE, BY COUNTRY, 2017-2024 (USD MILLION)
      • UNITED STATES
      • CANADA
    • EUROPE
      • Table EUROPE: EDGE COMPUTING MARKET SIZE, BY COMPONENT, 2017-2024 (USD MILLION)
      • Table EUROPE: EDGE COMPUTING MARKET SIZE, BY APPLICATION, 2017-2024 (USD MILLION)
      • Table EUROPE: EDGE COMPUTING MARKET SIZE, BY ORGANIZATION SIZE, 2017-2024 (USD MILLION)
      • Table EUROPE: EDGE COMPUTING MARKET SIZE, BY VERTICAL, 2017-2024 (USD MILLION)
      • Table EUROPE: EDGE COMPUTING MARKET SIZE, BY COUNTRY, 2017-2024 (USD MILLION)
      • UNITED KINGDOM
      • GERMANY
      • FRANCE
      • REST OF EUROPE
    • ASIA PACIFIC
      • Table ASIA PACIFIC: EDGE COMPUTING MARKET SIZE, BY COMPONENT, 2017-2024 (USD MILLION)
      • Table ASIA PACIFIC: EDGE COMPUTING MARKET SIZE, BY APPLICATION, 2017-2024 (USD MILLION)
      • Table ASIA PACIFIC: EDGE COMPUTING MARKET SIZE, BY ORGANIZATION SIZE, 2017-2024 (USD MILLION)
      • Table ASIA PACIFIC: EDGE COMPUTING MARKET SIZE, BY VERTICAL, 2017-2024 (USD MILLION)
      • Table ASIA PACIFIC: EDGE COMPUTING MARKET SIZE, BY COUNTRY, 2017-2024 (USD MILLION)
      • CHINA
      • JAPAN
      • AUSTRALIA
      • REST OF ASIA PACIFIC
    • MIDDLE EAST AND AFRICA
      • Table MIDDLE EAST AND AFRICA: EDGE COMPUTING MARKET SIZE, BY COMPONENT, 2017-2024 (USD MILLION)
      • Table MIDDLE EAST AND AFRICA: EDGE COMPUTING MARKET SIZE, BY APPLICATION, 2017-2024 (USD MILLION)
      • Table MIDDLE EAST AND AFRICA: EDGE COMPUTING MARKET SIZE, BY ORGANIZATION SIZE, 2017-2024 (USD MILLION)
      • Table MIDDLE EAST AND AFRICA: EDGE COMPUTING MARKET SIZE, BY VERTICAL, 2017-2024 (USD MILLION)
      • Table MIDDLE EAST AND AFRICA: EDGE COMPUTING MARKET SIZE, BY COUNTRY, 2017-2024 (USD MILLION)
      • SAUDI ARABIA
      • UNITED ARAB EMIRATES
      • REST OF MIDDLE EAST AND AFRICA
    • LATIN AMERICA
      • Table LATIN AMERICA: EDGE COMPUTING MARKET SIZE, BY COMPONENT, 2017-2024 (USD MILLION)
      • Table LATIN AMERICA: EDGE COMPUTING MARKET SIZE, BY APPLICATION, 2017-2024 (USD MILLION)
      • Table LATIN AMERICA: EDGE COMPUTING MARKET SIZE, BY ORGANIZATION SIZE, 2017-2024 (USD MILLION)
      • Table LATIN AMERICA: EDGE COMPUTING MARKET SIZE, BY VERTICAL, 2017-2024 (USD MILLION)
      • Table LATIN AMERICA: EDGE COMPUTING MARKET SIZE, BY COUNTRY, 2017-2024 (USD MILLION)
      • BRAZIL
      • MEXICO
      • REST OF LATIN AMERICA
  • COMPETITIVE LANDSCAPE
    • COMPETITIVE SCENARIO
      • PARTNERSHIPS, AGREEMENTS, AND COLLABORATIONS
        • Table PARTNERSHIPS, AGREEMENTS, AND COLLABORATIONS, 2018-2019
      • NEW PRODUCT LAUNCHES AND PRODUCT ENHANCEMENTS
        • Table NEW PRODUCT LAUNCHES AND PRODUCT ENHANCEMENTS, 2018-2019
      • BUSINESS EXPANSIONS
        • Table BUSINESS EXPANSIONS, 2019-2017
  • COMPANY PROFILES
    • INTRODUCTION
    • CISCO
      • BUSINESS OVERVIEW
      • SOLUTIONS OFFERED
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
      • MNM VIEW
    • HPE
      • BUSINESS OVERVIEW
      • SOLUTIONS OFFERED
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
      • MNM VIEW
    • HUAWEI
      • BUSINESS OVERVIEW
      • SOLUTIONS OFFERED
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
      • MNM VIEW
    • DELL TECHNOLOGIES
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
      • MNM VIEW
    • NOKIA
      • BUSINESS OVERVIEW
      • SOLUTIONS OFFERED
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
      • MNM VIEW
    • IBM
      • BUSINESS OVERVIEW
      • SOLUTIONS OFFERED
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
      • MNM VIEW
    • LITMUS AUTOMATION
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • SIXSQ
      • BUSINESS OVERVIEW
      • PRODUCTS AND SOLUTIONS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • FOGHORN SYSTEMS
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • MACHINESHOP
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • SAGUNA NETWORKS
      • BUSINESS OVERVIEW
      • SOLUTIONS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • VAPOR IO
    • ADLINK
    • ALTRAN
    • AXELLIO
  • APPENDIX
    • DISCUSSION GUIDE
    • KNOWLEDGE STORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
    • AVAILABLE CUSTOMIZATIONS
    • RELATED REPORTS
    • AUTHOR DETAILS

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