A new report published by Research on Global Markets titled "Global Edge Computing Market (2018 – 2023)" studies the performance of the global edge computing market over a five year assessment period from 2018 to 2023. The report presents the value forecast of global edge computing market and provides key insights into the factors driving market growth as well as the factors restricting market growth. According to the Research On Global Markets analysts, global edge computing market is projected to expand at a compound annual growth rate (CAGR) of 32.6% during the 2018-2023 period, to reach a value of USD 9 Bn by 2023.
Global Edge Computing Market – Market Segmentation
The report published by Research On Global Markets features comprehensive analysis of the different segments of the global edge computing market based on application and end-user. Based on application, smart city initiatives are expected to use edge computing extensive and hold a market share of 25.9% in 2023. Industry 4.0 or the fourth industrial revolution is expected to witness increased adoption of edge computing technology to enhance manufacturing processes. As a result of this, smart factories will occupy a substantial market share in 2023, and the smart grid segment will experience the highest growth rate during the forecast period.
In terms of end users, the IT and telecom sector dominated the market by occupying a market share of 29.4% in 2018. The rising demand for faster and more responsive networks, and higher prevalence of distributed IT architecture in several firms are driving the adoption of edge computing technology across the world. Close on its heels, the manufacturing sector held almost 23.2% of the market in 2018.
Global Edge Computing Market - Regional Insights
Research On Global Markets tracks the performance of the global edge computing market across the key geographies of North America, Europe, Latin America, Asia-Pacific, and the Middle East and Africa. North America is leading the edge computing market both in terms of market share and innovation. The region held almost 31.6% of the global market in 2018. Asia-Pacific, experiencing swift industrialization, is anticipated to expand at the highest CAGR (40.5%) during the forecast period. Latin America, and the Middle East and Africa markets, though still at nascent stages, are anticipated to experience high growth.
Research On Global Markets also tracks the performance of major players operating in the global edge computing market including Cisco Systems, Inc., Microsoft Corporation, International Business Machines Corporation (IBM), Google LLC, Amazon.com, Inc., SAP SE, Oracle Corporation, Huawei Technologies Co., Ltd., Intel Corporation, and General Electric Company, among others.
Some of the key topics covered in this report are:
• Global market overview - historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), geography-wise market revenue (USD Bn), and market attractiveness analysis
• Comprehensive analysis of the market segments based on application - forecasted (2018-2023) market size (USD Bn), drivers, trends
• Comprehensive analysis of the market segments based on end user - forecasted (2018-2023) market size (USD Bn), drivers, trends
• Key market trends
• Key market growth drivers
• Key market growth deterrents
• Geography-wise market revenue – (2018 - 2023) (USD Bn)
• Analysis of the competitive landscape in the market
For more information, download Global Edge Computing Market: https://www.researchonglobalmarkets.com/global-edge-computing-market-2018-2023.html
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According to IMARC Group’s latest report, titled “Edge Computing Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025,”.
Looking forward, IMARC Group expects the global edge computing market to continue its strong growth during the next five years.Edge computing is a computing infrastructure that transfers various processes from the cloud to local devices, such as user’s computer, an IoT device, or an edge server.
It reduces the operational latency due to long-distance communication between the client and the server, thereby enhancing the process efficiency.
As a result, several organizations are getting inclined towards edge computing based on its controlled bandwidth requirement, reduced operational costs, and limited server resources.Request for a free sample copy of this report: https://www.imarcgroup.com/edge-computing-market/requestsampleMarket TrendsThe growing inclusion of the Internet-of-Things (IoT)-based and associated devices is primarily driving the market for edge computing.
Furthermore, several key players are integrating edge computing solutions with IoT-enabled devices for enhanced connectivity and transferring data to and from the cloud.
Additionally, various telecom companies are widely adopting multi-access edge computing (MEC) to improve application performance and reduce network congestion.
A report published by Research on Global Markets titled "China Digital Gaming Market (2018–2023)" studies the performance of the digital gaming market in China over a five year assessment period from 2018 to 2023.
According to the Research On Global Markets analysts, the China digital gaming market is expected to expand at a compound annual growth rate (CAGR) of 15.4% during the 2018-2023 period, and will reach a revenue of USD 83.79 Bn by 2023.China Digital Gaming Market – Segment insightsThe report published by Research On Global Markets features comprehensive analysis of the China digital gaming market based on platform, revenue model and game genre.
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The Global Internet of Things Market 2020 explores the implications of a wide variety of factors influencing market drivers and growth.
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