The growing number of intelligent applications, growing pressure on cloud infrastructure, and the need to support real-time applications are driving the growth of the global edge computing market. In addition, the emergence of the 5G network and the emergence of various frameworks and languages for IoT solutions will open up opportunities for market participants. Regionally, the Asia-Pacific region will grow at a maximum CAGR of 35.1% over the forecast period.
According to a report by Allied Market Research, the global edge computing market was $ 1.73 billion in 2017 and is estimated to reach $ 16.55 billion by 2025, with a CAGR of 32.8% from 2018 to 2025. The study offers a comprehensive analysis of changing market changes. dynamics, key segments, major investment pockets, leading market players, and competitive intelligence.
Regionally, Asia-Pacific is set to grow at a maximum CAGR of 35.1% over the forecast period due to rising cellular and mobile penetration in developing countries, including China and India. However, in 2017, North America held the largest market share, accounting for nearly two-fifths of the total, and is estimated to retain its dominant market share until 2025.
Top players discussed in the report include Amazon Web Services (AWS), Cisco Systems Inc., AT&T Inc., Fujitsu Limited, Dell Inc., IBM Corporation, Huawei Technologies Co. Ltd., Microsoft Corporation, Hewlett Packard Enterprise (HPE). , Nokia Corporation and others.
Depending on the components, the solutions segment had a major share, accounting for almost 90% of the total market share in 2017, and will maintain its dominant position by 2025. The software in edge computing solutions allows users to offer messaging, local computing, and data caching and keeps connected devices secure. However, the services segment is estimated to have the highest CAGR of 35.6% between 2018 and 2025 due to increased demand for analytics management throughout its life.
Depending on the application, the connected car segment will grow at a maximum CAGR of 35.9% from 2018 to 2025 due to the growing demand for real-time car infotainment and other services. However, the security and surveillance segment will continue to provide the largest share in the industry and will generate nearly one-fifth of total revenue by 2025 through real-time threat detection and reduced network latency.
Source: Allied Market Research