Technology & Telecommunications

According to a market report by Lucintel, the future of the global edge computing market looks promising with opportunities in the manufacturing, energy and utility, government and defense, telecommunication, media and entertainment, retail and consumer good, transportation and logistic, and healthcare and logistic end use industries. The global edge computing market is expected to reach an estimated $74.8 billion by 2028 with a CAGR of 16.4% from 2023 to 2028. The major drivers for this market are a rising number of use cases requiring low-latency processing, increasing adoption of AI, smart devices and industrial IoT, and growing demand for deployment of a 5G network.



In this market, hardware, software, and services are different components of edge computing. Lucintel forecasts that hardware will remain the largest component segment over the forecast period due to increasing penetration of connected devices along with a growing demand for secure and efficient data processing at the edge of network.

Within this market, manufacturing will remain the largest end use industry segment from 2023 to 2028 due to the emergence of digital technologies for data collection, analysis, product insights, and efficiency and increasing deployment of IoT by the manufacturing companies, which are demanding edge computing to enrich the interoperability among IoT devices and improve production efficiency.



APAC will remain the largest region during the forecast period due to increasing digitalization, rapid adoption of cloud-based strategies by organizations, and increasing government funding to empower digitization across developing nations, such as China, India, Japan, and South Korea.

AWS, Cisco, Dell Technologies, Google, HPE, Huawei, IBM, Intel, Microsoft, EInfochips, Honeywell International, and Rockwell Automation are the major suppliers in the global edge computing market.



Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global edge computing market by component, organization size, application, end use industry, and region. Lucintel has compiled a comprehensive research report titled “Growth Opportunities in the Global Edge Computing Market 2023-2028: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global edge computing market by component, organization size, application, end use industry, and region, as follows:

 

This more than 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or email us at helpdesk@lucintel.com.

 

Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. Lucintel offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.

 

Q.1. What are some of the most promising, high-growth opportunities for the global edge computing market by component (hardware, software, and services), organization size (large enterprises and SMEs), application (smart cities, industrial internet of things (IoT), remote monitoring, content delivery, augmented reality (AR) and virtual reality (VR), and others), end use industry (manufacturing, energy and utilities, governments and defense, telecommunications, media and entertainment, retail and consumer goods, transportation and logistics, healthcare and logistics, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q.2. Which segments will grow at a faster pace and why?

Q.3. Which region will grow at a faster pace and why?

Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?

Q.5. What are the business risks and competitive threats in this market?

Q.6. What are the emerging trends in this market and the reasons behind them?

Q.7. What are some of the changing demands of customers in the market?

Q.8. What are the new developments in the market? Which companies are leading these developments?

Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?

Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?

Q.11. What M&A activity did occur in the last five years and how did they impact the industry?