Unveiling Growth Drivers: A Detailed Analysis of Trends in the Edge Computing Market (2023-2028)
What are the Growth Opportunities, Crucial Insights of the Edge Computing Market (2023-2028)?
MarkNtel Advisors, a renowned research and consulting entity, has revealed its latest report titled Edge Computing Market (2023-2028) this comprehensive study delves deeply into the sector, covering crucial aspects like market size, share, emerging trends, and future growth estimations. Additionally, the report offers insights into competitor analysis, regional perspectives, and the latest market advancements.
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What is the Size of the Edge Computing Market and What Growth is expected?
The Global Edge Computing Market is projected to grow at a CAGR of around 30% during the forecast period, i.e., 2023-28.
What Key Market Dynamics the Edge Computing Market?
Key Driver: Proliferating Use Cases Requiring Low-Latency Processing
With concrete cloud infrastructure becoming indispensable to enterprises, the need to cope with the latency has become crucial to businesses. As such, the need for better computing technologies that facilitate faster data transmission has arisen. Furthermore, numerous delay-sensitive applications requiring real-time computation, including remote monitoring of oil and gas fields and manufacturing sites, precision decision-making in connected cars before impact, and many more, have added to the popularity of edge solutions. Along similar lines, in order to facilitate a fully responsive and immersive gaming experience, numerous cloud gaming enterprises are planning to enhance the proximity of edge servers to gamers by reducing latency. With such wide applications and escalating need to minimize latency while processing the data in clouds, edge computing servers have gained traction and are likely to gain momentum in the coming years.
Diving into Edge Computing Market Segmentations
-By Component (Solution [Hardware {Sensors/Routers, Edge Nodes/Gateways}, Software, Platforms], Services),
-By Application (Connected Vehicles, Smart Devices, Remote Monitoring, Industrial Internet of Things, Augmented & Virtual Reality, Smart Cities, Content Delivery, Others),
-By Organisation Size (Small, Medium, Large),
-By End-User (Energy & Utilities, Healthcare & Lifesciences, Transportation & Logistics, Manufacturing, Retail & Consumer Goods, IT & Telecom, Government & Defense, Others)
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Geographical Expansion of the Industry:
-By Region (North America, South America, Europe, Asia-Pacific, Middle East & Africa)
Who are the Key Competitors in the Edge Computing Market?
Major players or companies play pivotal roles in driving market progress as revenue generators, investors, manufacturers, and distributors.
Here are the leading companies in the Edge Computing Market:
(IBM Corporation, Amazon Web Services, Cisco Systems, Inc., Huawei Technologies Co. Limited, ABB Group, Intel Corporation, Microsoft Corporation, SAP SE, Hewlett Packard Enterprise Development LP, AT&T Inc., Rockwell Automation Inc., Atos SE, Digi International Inc., General Electric Company, ADLINK Technology Inc. etc
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Key Inquiries Addressed in the Edge Computing Market Research Report:
Projections for the Edge Computing Market's size, share, and CAGR during the forecast period Anticipated trends shaping the Edge Computing Market between 2023 and 2028 Analysis of segments and sub-segments within the Edge Computing Market study Primary stakeholders and participants in the Edge Computing Market Expected variations in demand for different product/service types in the Edge Computing Market by 2028 Factors limiting the growth potential of the Edge Computing Market Note: The Edge Computing Market report can be tailored with high-quality insights to meet specific client requirements, enabling them to navigate industry prospects, address market challenges, devise effective strategies, and make informed decisions for competitive positioning.
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