DUBLIN--(BUSINESS WIRE)--The "Global
Edge Computing Market (2018-2023)" report has been added to ResearchAndMarkets.com's
offering.
The global edge computing market is forecast to reach USD 8.96 billion
by 2023, expanding at CAGR of 32.6%.
The rising number of
devices that are connected to artificial intelligence require a lot of
real-time analysis. Relying on traditional cloud computing is difficult.
That is why it is predicted that edge computing will be the next big
trend after cloud.
To avoid network congestions, service providers are deploying a system
on the internet that caches the information close to the users by
duplicating the content on multiple servers. This is an example of
edge computing.
The crucial challenges faced in deploying
edge computing are complications in discovering the edge nodes, and
uncompromising quality of services and quality of experiences.
Segment Analysis
The global edge computing market is segmented into applications,
end-users and regions.
Based on applications, it is further sub-classified into smart cities,
smart factories, connected healthcare, connected vehicles, smart grids,
and other. Other applications include edge computing in gaming and
e-commerce. Smart cities holds the most significant market share. The
rising trend of urbanization is expected to initiate smart city projects
to resolve various urban problems using ICT as a base. This will result
in the increased application of edge computing in this domain.
Based on end-users industries, edge computing networks will be used in
the manufacturing sector, energy and utility sector, IT and
telecommunication, healthcare and life sciences, and consumer
appliances. The IT and telecommunication sector is expected to grab the
most significant market share and expand at the highest CAGR. Edge
computing is expected to play an active role in LTE networks and assets,
as well as the 5G revolution.
By regions, the market is divided into North America, Europe, Asia
Pacific, Latin America, and the Middle East and Africa. North America
would secure the highest demand. Edge computing is the crucial factor in
the IOT trend in this region. Asia-Pacific is expected to grow at the
highest CAGR. The region is expected to grow at a CAGR of 40.5%.
The key players in the North America edge computing market are Cisco
Systems, Microsoft Corporation, IBM, Google, Amazon, SAP, Oracle, Huawei
Technologies, and Intel.
Topics Covered
Chapter 1. Executive Summary
Chapter 2. Global Edge Computing Market Overview
Chapter 3. North America Edge Computing Market Overview
Chapter 4. Europe Edge Computing Market Overview
Chapter 5. Asia-Pacific Edge Computing Market Overview
Chapter 6. Latin America Edge Computing Market Overview
Chapter 7. Middle East and Africa Edge Computing Market Overview
Chapter 8. Competitive Landscape
Chapter 9. Conclusion
Key Players Profiled
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Cisco Systems
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Microsoft Corporation
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IBM
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Google
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Amazon
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SAP
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Oracle
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Huawei Technologies Co. Ltd.
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Intel Corporation
For more information about this report visit https://www.researchandmarkets.com/research/t78mxk/global_edge?w=4
