How big is the Industrial Edge Computing Market?

The Industrial Edge Computing Market size is expected to reach USD 49.75 billion in 2024 and grow at a CAGR of 13.48% to reach USD 93.62 billion by 2029. Read More

What is the current Industrial Edge Computing Market size?

In 2024, the Industrial Edge Computing Market size is expected to reach USD 49.75 billion. Read More

Who are the key players in Industrial Edge Computing Market?

IBM Corporation, Siemens, General Electric Company, Rockwell Automation and ZEDEDA are the major companies operating in the Industrial Edge Computing Market. Read More

Which is the fastest growing region in Industrial 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 Industrial Edge Computing Market?

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

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

In 2023, the Industrial Edge Computing Market size was estimated at USD 43.04 billion. The report covers the Industrial Edge Computing Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Industrial Edge Computing Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Industrial Edge Computing Market Size & Share Analysis - Industry Research Report

Industrial Edge Computing Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Industrial Edge Computing Market is Segmented by Component (Hardware, Software, and Services), End-User (Manufacturing, Oil and Gas, and Mining), and Geography (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa). The Market Sizes and Forecasts are Provided in Terms of Value USD for all the Above Segments.

Industrial Edge Computing Industry Overview

Its Semi-Consolidated characterize the industrial edge computing market. Currently, key players dominating the market include Siemens, ZEDEDA, General Electric Company, and Rockwell Automation, among others. Companies like General Electric (GE), renowned for their expertise in delivering edge computing solutions across various industries, including aerospace and manufacturing, hold substantial market positions. These vendors employ key competitive strategies, such as acquisitions, partnerships with industry players, and the introduction of new products and services. Notable recent developments in the market include:

In November 2022, Rockwell Automation announced the development of an orchestration and intelligent edge management platform coupled with an edge application ecosystem. This initiative is based on open industry standards and zero trust security principles, aimed at accelerating the digital transformation journey for industrial customers. As industrial manufacturers increasingly embrace digital change, the company seeks to amplify digital transformation efforts through innovations in analytics, artificial intelligence (AI), Manufacturing Execution Systems (MES), and other technologies. This approach allows them to access real-time intelligence closer to the source of industrial data.

In August 2023, ABB made a strategic investment by partnering with Pratexo, a company specializing in edge-to-cloud acceleration platforms. This collaboration empowers ABB's customers to deploy edge-based networks and solution architectures that provide real-time insights. Importantly, it offers enhanced data privacy and security, reduces the volume of data transferred to the cloud, and enables operations even when disconnected from the internet. This strategic partnership represents a significant step in advancing edge computing solutions within the industrial sector.