How big is the Edge Computing Market?

The Edge Computing Market size is expected to reach USD 15.59 billion in 2024 and grow at a CAGR of 15.60% to reach USD 32.19 billion by 2029. Read More

What is the current Edge Computing Market size?

In 2024, the Edge Computing Market size is expected to reach USD 15.59 billion. Read More

Who are the key players in Edge Computing Market?

Microsoft Corporation, Google LLC, IBM Corporation, Huawei Technologies Co. Limited and Cisco Systems Inc. are the major companies operating in the Edge Computing Market. Read More

Which is the fastest growing region in Edge Computing Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Edge Computing Market?

In 2024, the North America accounts for the largest market share in Edge Computing Market. Read More

What years does this Edge Computing Market cover, and what was the market size in 2023?

In 2023, the Edge Computing Market size was estimated at USD 13.16 billion. The report covers the Edge Computing Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Edge Computing Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

What are the key drivers of Edge Computing adoption?

Key drivers for the adoption of Edge Computing Adoption are: a) Rising demands for real-time data processing b) Increasing adoption of IoT devices c) Demand for low-latency processing and d) Need for bandwidth optimization in networks Read More

What industries are driving the growth of Edge Computing?

Industries such as manufacturing, healthcare, and telecommunications are key adopters due to their need for real-time data analysis and automation. Read More

Edge Computing Market - Companies, Size & Industry Growth

Edge Computing Market Size - Industry Report on Share, Growth Trends & Forecasts Analysis (2024 - 2029)

The Report Covers Global Edge Computing Market Analysis & Forecast and It is Segmented by Component (Hardware, Software, and Services), End User (Financial and Banking Industry, Retail, Healthcare and Life Sciences, Industrial, Energy and Utilities, Telecommunications), and Geography.

Edge Computing Industry Overview

The edge computing market is fragmented and competitive in nature. Currently, the market is dominated by cloud-based IoT vendors, such as Dell, Microsoft, Amazon, and Google. Companies like GE, which have the expertise of delivering edge computing solutions across different industries, including aerospace or manufacturing, also have significant market positions. Acquisitions, partnerships with industry participants, and new product/service rollouts have been the vendors' key competitive strategies. Some of the recent developments in the market are:

April 2022 - Dell Technologies expanded its edge solutions to help retailers quickly generate more value and deliver enhanced customer experiences from data generated in retail locations.
March 2022 - Huawei and Du signed a memorandum of understanding (MoU) for joint innovation on multiaccess edge computing (MEC). The two companies would research, verify, and replicate MEC-oriented applications in the Middle East. The companies also aim to accelerate digital transformation in the Middle East, along with supporting the development of the global digital economy.
March 2022 - FogHorn collaborated with IBM to provide a secure and open next-generation hybrid cloud platform with advanced, closed-loop system control capabilities and edge-powered artificial intelligence (AI). By bringing together edge and cloud capabilities, FogHorn and IBM plan to help customers rapidly process, deploy, analyze, store, and train critical data from the edge to the cloud and enhance their business processes.