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Edge Computing Market 2019 Significant Growth Rate by Industry Size, Share, Market Dynamics, Development Status of Key Players Forecast to 2024

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The “Edge Computing Market” 2019 report provides market size (value and volume), market share, growth rate by types, applications, and combines both qualitative and quantitative methods to make micro and macro forecasts in different regions or countries. Edge Computing Market report also aims to provide useful and comprehensive insights into current market trends and future growth scenarios. Edge Computing market report contains information like SWOT analysis, business highlights, strength, weakness, threats and opportunities of industry.

Top Manufacturers of Edge Computing Market Are:

  • Microsoft Corporation
  • Google LLC (Coral)
  • Foghorn Systems
  • Huawei Technologies Co. Limited
  • Cisco Systems Inc
  • Hewlett Packard Enterprise Company
  • Juniper Networks
  • Dell EMC
  • Aricent Inc.
  • Machineshop
  • ADLINK Technology Inc.
  • General Electric Company
  • Amazon Web Services Inc.

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    Market Overview:

  • The edge computing market (henceforth, referred to as the market studied) was valued at USD 1272.2 million in 2018, and it is expected to reach USD 6959.2 million by 2024, registering a CAGR of 34.%, during the forecast period of 2019-2024. The development of processing-intensive applications involving IoT, artificial intelligence, and machine learning, which consume larger data sets and perform massive algorithmic parallelism on models has promoted the demand for localized computer, data storage, and network resources. Therefore, along with IoT and IIoT, the adoption of AI and ML also supports the growth of edge computing.
  • – With the advancement in IoT, artificial intelligence, a new concept is coming in the market i.e., smart city initiatives that support the implementation of edge computing by telecom/carriers that are responsible for deploying the required network. Many US and European cities have already launched smart city initiatives and the initiatives are growing across the Asian and Middle Eastern regions.
  • – Another factor that is driving the edge computing market is 5G cellular technologies, which delivers massive bandwidth and supports a range of devices, from smartphones to autonomous vehicles and large-scale IoT. They are highly reliant on edge computing infrastructure, as the time taken for data to travel over the fiber networks connecting the radios on the towers to the network core is reducing.
  • – One of the main challenges for edge computing is the lack of a common security framework. Essentially, edge computing shares the same security challenges as the IoT, i.e., the devices are often small and not built with security considerations. Therefore, the security configuration and software updates, which are often needed through the lifecycle of the device, is not present.

    Scope of the Report:

  • With different technological innovations, such as sensors and other data producing and collecting devices, the analysis tools enterprises across industries are beginning to drive new levels of performance and productivity. Therefore, a distributed computing paradigm that brings computer data storage closer to the location where it is needed is called edge computing in gaining traction.

    Edge Computing Market Report Answers the Following Questions:

    • What will the market size and the growth rate be in 2024?
    • What are the key factors driving the global Edge Computing market?
    • What are the key market trends impacting the growth of the global Edge Computing market?
    • What are the challenges to market growth?
    • Who are the key vendors in the global Edge Computing market?
    • What are the market opportunities and threats faced by the vendors in the global Edge Computing market?
    • Trending factors influencing the market shares of the relevant regions.
    • What are the key outcomes of the five forces analysis of the global Edge Computing market?

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    Key Market Trends:

    BFSI to be the Prominent Industry to Adopt Edge Computing Solutions

    – Financial and banking industry (BFSI) is one of the largest end users of edge computing, globally. Increasing the adoption of digital and mobile banking initiatives, advanced platforms, such as blockchain and payment through wearable and mobile technology, are fueling the demand for edge computing solutions in the financial and banking industry sector.
    – With the growth of smartphones, banks are deploying payment apps and services which are compatible with smartphones. They also ensure that consumers have effortless payments with maximum security and processing speeds. These features act as a supplement for the growth of the financial and banking industries. For example, the Barclays bank supports payment through smart watches, such as Apple watch and Fitbit, through its bPay.
    – According to a report published by Credit Suisse on “Digital Payment Statistics”, India is witnessing a high penetration of internet speed and consumer awareness and the digital payment is expected to increase at a higher rate. This will help the banking payments to grow at a healthy rate.

    Asia-Pacific to Witness Highest Growth Rate

    – Asia-Pacific is a very diverse region, China, India, Australia, and Japan are pioneering development in cloud services. This region is destined to be the major market for edge computing as it is best poised to solve the challenge of additional IT resource requirements, due to the availability of skilled labor.
    – Asia-Pacific is the most populous, due to which a considerable amount of cloud traffic from this region was reported by Cisco in their report, in 2018. As cloud penetration increases in this region, a shift from cloud computing to edge computing is expected. Businesses and governments in this region have shown more inclination toward storing and processing data locally.

    Market Dynamics: –

    • Drivers: (Developing regions and growing markets)
    • Limitations: (Regional, Key Player facing Issues, Future Barriers for growth)
    • Opportunities: (Regional, Growth Rate, Competitive, Consumption)

    The report provides key statistics on the market status of the Edge Computing Market manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the Edge Computing .

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    Report Objectives:

    • Analyzing the size of the Edge Computing market on the basis of value and volume.
    • Accurately calculating the market segments, consumption, and other dynamic factors of different sections of the global Edge Computing market.
    • Determining the key dynamics of the Edge Computing market.
    • Highlighting significant trends of the Edge Computing market in terms of manufacture, revenue, and sales.
    • Deeply summarizing top players of the Edge Computing market and showing how they compete in the industry.
    • Studying industry processes and costs, product pricing, and various trends related to them.
    • Displaying the performance of different regions and countries in the global Edge Computing market.

    Detailed TOC of Edge Computing Market Report 2019-2024:

    1 INTRODUCTION
    1.1 Study Deliverables
    1.2 Study Assumptions
    1.3 Scope of the Study

    2 RESEARCH METHODOLOGY

    3 EXECUTIVE SUMMARY

    4 MARKET DYNAMICS
    4.1 Market Overview
    4.2 Introduction to Market Drivers and Restraints
    4.3 Market Drivers
    4.3.1 Widespread Adoption and Growth of Latency-specific Applications
    4.3.2 Evolving Network Technologies
    4.4 Market Restraints
    4.4.1 Lack of a Common Security Framework
    4.5 Value Chain / Supply Chain Analysis
    4.6 Industry Attractiveness – Porter’s Five Forces Analysis
    4.6.1 Threat of New Entrants
    4.6.2 Bargaining Power of Buyers/Consumers
    4.6.3 Bargaining Power of Suppliers
    4.6.4 Threat of Substitute Products
    4.6.5 Intensity of Competitive Rivalry

    5 MARKET SEGMENTATION
    5.1 By Component
    5.1.1 Hardware
    5.1.2 Software
    5.1.3 Services
    5.2 By End User
    5.2.1 Financial and Banking Industry
    5.2.2 Retail
    5.2.3 Healthcare and Life Sciences
    5.2.4 Industrial
    5.2.5 Energy and Utilities
    5.2.6 Telecommunications
    5.2.7 Other End Users
    5.3 Geography
    5.3.1 North America
    5.3.2 Europe
    5.3.3 Asia-Pacific
    5.3.4 Latin America
    5.3.5 Middle East & Africa

    6 COMPETITIVE LANDSCAPE
    6.1 Company Profiles
    6.1.1 Microsoft Corporation
    6.1.2 Google LLC (Coral)
    6.1.3 Foghorn Systems
    6.1.4 Huawei Technologies Co. Limited
    6.1.5 Cisco Systems Inc
    6.1.6 Hewlett Packard Enterprise Company
    6.1.7 Juniper Networks
    6.1.8 Dell EMC
    6.1.9 Aricent Inc.
    6.1.10 Machineshop
    6.1.11 ADLINK Technology Inc.
    6.1.12 General Electric Company
    6.1.13 Amazon Web Services Inc.

    7 INVESTMENT ANALYSIS

    8 MARKET OPPORTUNITIES AND FUTURE TRENDS

     

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    Name: Ajay More

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