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Edge Computing Market will reach approximately USD 9 Bn by 2023, expanding at a CAGR of 32.6% | Google, Huawei Technologies, Amazon

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Edge Computing Market will reach approximately USD 9 Bn by 2023, expanding at a CAGR of 32.6% | Google, Huawei Technologies, Amazon

November 20
08:54 2019
Edge Computing Market will reach approximately USD 9 Bn by 2023, expanding at a CAGR of 32.6% | Google, Huawei Technologies, Amazon

Edge Computing Market
Global edge computing market which will aid its growth to reach approximately USD 9 Bn by 2023, expanding at a compounded annual growth rate (CAGR) of 32.6% during the 2018-2023 period.

A qualitative research study accomplished by HTF MI titled “Global Edge Computing Market covers detailed Product / Industry Scope, current and future market size scenario and elaborates outlook and status to 2023” provides primary data, studies and vendor briefings. The market Study is segmented by key regions along with country level break-up which is accelerating the marketization and by products type, application/end-users. The research study provides estimates for Edge Computing forecast till 2023. Some of the Major Players Included in the study are 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, General Electric Company, etc.

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Global Edge Computing Market (2018-2023) Share, Revenue, Scope, Trends, Drivers, Challenges, Segmentation based on Application (smart cities, smart factories, Connected Cars, Smart Grids, Connected Healthcare, Others) End-use Industry (IT and Telecom,Manufacturing, Energy and Utility, Consumer appliances, Transportation and Logistics,Healthcare and Lifesciences) and Geography(North America, Asia Pacific, The Middle East and Africa, Europe and Latin America)

Organizations across different sectors use edge computing technology for real-time analysis of huge volumes of data in order to draw actionable insights. This is the key growth driver for the global edge computing market, which will aid its growth to reach approximately USD 9 Bn by 2023, expanding at a compounded annual growth rate (CAGR) of 32.6% during the 2018-2023 period.

 

Global Edge Computing Market Overview:

 Segmentation based on application insights:

For smart cities, edge computing will be a key enabler of civic amenities like transportation, safety, power, and telecommunications. Therefore, smart city initiatives will use edge computing to a great extent and occupy a market share of 25.9% in 2023. Industry 4.0, or the fourth industrial revolution, which includes predictive maintenance, artificial intelligence (AI) and robotics, 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.

End-user industry segment insights:

Edge computing plays a crucial role in sectors such as information technology (IT) and telecommunications, manufacturing, healthcare, logistics, and automotive. Among these, the IT and telecom sector dominated the market by occupying a market share of 29.4% in 2018. The rising demand for faster, more responsive networks, and higher prevalence of distributed IT architecture in several firms are driving the adoption of edge computing technology, globally. Close on its heels, the manufacturing sector occupied approximately 23.2% of the market in 2018. The potential benefits of edge computing in manufacturing facilities are localizing and distributing data storage, providing cost-effective solutions, and maintaining security and compliance. Edge devices are expected to bridge the gap between modern machines and legacy systems.

Regional insights:

North America is leading the innovation in the edge computing market. It occupied approximately 31.6% of the global market in 2018. More than 8.4 Bn connected devices have been added in the region till date, and the number is expected to grow to 20 Bn by 2020, leading to the evolution of the market. 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.

 

Companies covered:

 

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

General Electric Company

Geographic Segmentation includes North America, Europe, Asia-Pacific etc

***Sub Regions Included: North America [United States, Canada, Mexico], Asia-Pacific [China, India, Japan, South Korea, Australia, Indonesia, Malaysia, Philippines, Thailand, Vietnam], Europe [Germany, France, UK, Italy, Russia, Rest of Europe], South America [Brazil, Argentina, Rest of South America], Middle East & Africa [GCC Countries, Turkey, Egypt, South Africa, Rest of Middle East & Africa]

*** Unless until specified in Original TOC

To know more about the table of contents, you can click @ https://www.htfmarketreport.com/reports/2287022-global-edge-computing-market

Furthermore, the years considered for the study are as follows:
Historical year – 2013-2018
Base year – 2018
Forecast period** – 2019 to 2025 [** unless otherwise stated]

**Moreover, it will also include the opportunities available in micro markets for stakeholders to invest, detailed analysis of competitive landscape and product services of key players.

Major Key Features Covered in Global Edge Computing Market Report:

* To gain insightful analyses of the market and have comprehensive understanding of the Global Edge Computing and its commercial landscape.
* Assess the Edge Computing production processes, major issues, and solutions to mitigate the development risk.
* To understand the most affecting driving and restraining forces in the Edge Computing and its impact in the global market.
* Learn about the market strategies that are being adopted by leading respective organizations.
* To understand the future outlook and prospects for Edge Computing Market.

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Queries we have tried to answered in Global Edge Computing Market Study:
Who are the Leading key players and what are their Key Business strategies in the Global Edge Computing?
What are the key consequences of the five forces analysis of the Edge Computing?
What are different opportunities and threats faced by the dealers in the Global Edge Computing?
What are the strengths and weaknesses and business strategies of the key vendors?

Some Extracts from Table of Contents:
Chapter 1. Market Overview
Chapter 3. Market Dynamics
Chapter 4. Research Methodology
Chapter 5. Market Factor Analysis
Chapter 6. Global Edge Computing Market, By Delivery Mode
Chapter 7. Global Edge Computing Market, By Application
Chapter 8. Global Edge Computing Market, By Region
Chapter 9. Global Edge Computing Market, By Type
Chapter 10. Company Landscape
Chapter 11. Company Profiles
Chapter 12. Appendix

Thanks for reading this article; you can also get individual chapter wise section or region wise report version like North America, Europe or Asia.

About Author:
HTF Market Report is a wholly owned brand of HTF market Intelligence Consulting Private Limited. HTF Market Report global research and market intelligence consulting organization is uniquely positioned to not only identify growth opportunities but to also empower and inspire you to create visionary growth strategies for futures, enabled by our extraordinary depth and breadth of thought leadership, research, tools, events and experience that assist you for making goals into a reality. Our understanding of the interplay between industry convergence, Mega Trends, technologies and market trends provides our clients with new business models and expansion opportunities. We are focused on identifying the “Accurate Forecast” in every industry we cover so our clients can reap the benefits of being early market entrants and can accomplish their “Goals & Objectives”.

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