MarkNtel Advisors is not just a market research company; it is a cornerstone in the realm of research and consulting provide market research report titled as Edge Computing Market Size, Share, Analysis, Forecast 2023-2028.
Edge Computing Market Analysis and Insights:
The Edge Computing Market size is estimated to grow at a CAGR of around 30% during the forecast period, i.e., 2023-28.
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Edge Computing Market Dynamics
Key Driver: Proliferating Use Cases Requiring Low-Latency Processing
With concrete cloud infrastructure becoming indispensable to enterprises, the need to cope with the latency has become crucial to businesses. As such, the need for better computing technologies that facilitate faster data transmission has arisen. Furthermore, numerous delay-sensitive applications requiring real-time computation, including remote monitoring of oil and gas fields and manufacturing sites, precision decision-making in connected cars before impact, and many more, have added to the popularity of edge solutions. Along similar lines, in order to facilitate a fully responsive and immersive gaming experience, numerous cloud gaming enterprises are planning to enhance the proximity of edge servers to gamers by reducing latency. With such wide applications and escalating need to minimize latency while processing the data in clouds, edge computing servers have gained traction and are likely to gain momentum in the coming years.
Edge Computing Market Report Segmentation:
The report has segmented the market into the following categories:
By Component
-Solution
–Hardware
—Sensors/Routers
—Edge Nodes/Gateways
–Software
–Platforms
-Services
By Application
-Connected Vehicles
-Smart Devices
-Remote Monitoring
-Industrial Internet of Things
-Augmented & Virtual Reality
-Smart Cities
-Content Delivery
-Others
By End Users
-Energy & Utilities
-Healthcare & Lifesciences
-Transportation & Logistics
-Manufacturing
-Retail & Consumer Goods
-IT & Telecom
-Government & Defense
-Others
By Organization Size
-Small
-Medium
-Large
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Market Divided by Region/Country:
By Region
-North America
-South America
-Europe
-Middle East & Africa
-Asia-Pacific
Who are the top Companies in the Edge Computing Market?
IBM Corporation, Amazon Web Services, Cisco Systems, Inc., Huawei Technologies Co. Limited, ABB Group, Intel Corporation, Microsoft Corporation, SAP SE, Hewlett Packard Enterprise Development LP, AT&T Inc., Rockwell Automation Inc
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