Edge Computing Market Size, Share, Trends, Analysis and Forecast to 2026

The global edge computing market size is expected to reach USD 28.84 billion by 2025 registering a CAGR of 54.0%, according to a new report by Radiant Insights, Inc.

Growing need to process large volumes of data being generated from the rise in Internet-of-Things (IoT) developments closer to the end user is expected to increase the demand for these solutions over the forecast period.

Thus, the continued transition toward the adoption of edge computing is expected to influence the IT strategies of key companies over the forecast period.

Its adoption is also expected to culminate in having micro data centers located closer to the existing infrastructure, which would help address the latency issues.

Prominent companies in the market include Microsoft Corp.; International Business Machines (IBM) Corp.; Cisco Systems, Inc.; Intel Corp.; and Amazon Web Services, Inc.

Further key findings from the study suggest: • High-performance applications in the edge network are expected to propel the growth of the software component segment over the forecast period • Data centers end-use segment is expected to witness the fastest CAGR over the forecast period owing to the rising need for reducing data center downtime • APAC is projected witness the highest CAGR of more than 60% from 2019 to 2025.

Global Market For Edge Computing is estimated to reach USD 22,453.9 million by 2027, registering a 28.4% CAGR during the forecast period of 2018 to 2027 and Edge Computing Market: By Technology (Mobile Edge Computing, Fog Computing), by Deployment (On-Premise and Cloud), by Component (Hardware, Software and Solutions).Market SynopsisMarket Research Future (MRFR), in its latest the global edge computing market value can touch USD 22,453.9 Mn by 2024.

The rapid proliferation of Internet of Things (IoT) can impel the expansion of the market.

The rise in IoT trend and the high demand can impel the expansion of the market in years to come.The rise in initiatives for digital transformation can prompt the expansion of the market in the years to come.

The high adoption of IoT solutions by organizations can prompt the expansion of the edge computing market.

The rise in need for resilient data communication can aid in the edge computing due to data communication paths over centralized network that can provide business continuity.

Thus, can favour the expansion of the market in the years to come.Request a Free Sample @  https://www.marketresearchfuture.com/sample_request/3239Market SegmentationThe edge computing market segment study is based on technology, deployment, application, and vertical.

According to a research report "Edge Computing Market with COVID-19 Impact Analysis, by Component (Hardware, Software, and Services), Application (Smart Cities, IIOT, Remote Monitoring), Organization Size (SMEs and Large Enterprises), Vertical, and Region - Global Forecast to 2026" published by MarketsandMarkets, The edge computing market size is expected to grow from USD 36.5 billion in 2021 to USD 87.3 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 19.0% during the forecast period.

The growing adoption of IoT across industries, exponentially increasing data volumes and network traffic and rising demand for low-latency processing and real-time, automated decision-making solutions are a few factors driving the growth of the edge computing.Browse 252 market data Tables and 55 Figures spread through 239 Pages and in-depth TOC on "Edge Computing Market - Global Forecast to 2026"Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=133384090Adoption of the edge computing software can dramatically improve performance by achieving the next level of security, such as edge-based threat detection, data minimization, and decentralized infrastructureThe edge computing software includes edge computing platforms and operating systems that enhance the computing capabilities of edge devices and data centers within the network infrastructure.

For a device deployed in an IIoT environment, an edge computing platform must be integrated with different resources from the data center to the cloud.

By infusing edge computing in IIoT processes, companies could achieve improved network communication and cooperative coordination with the cloud connected to the system.

Thus, the proliferation of IIoT devices makes the introduction of edge computing functionalities easier to be deployed at end-user locations as these devices are equipped with processing units that can support edge technology.Small and Medium Enterpsises are choosing edge computing due to ease of operations and enhanced scalabilityThe intensely competitive market scenario has encouraged SMEs to invest in edge computing solutions to reach their desired target audience.

For overcoming such issues, organizations are rapidly implementing edge computing with smart manufacturing.

The Global Edge Computing Market size accounted 3.6 billion in 2020 is estimated to reach 65.2 billion by 2030 growing with a CAGR of 33.60% during the forecast timeline.

In the digital era, information technology and communications are two of the most essential issues.

New services, businesses, and start-ups emerge, disrupting the market's existing order.

ICT has a disruptive effect on company models and day-to-day work.Markets, businesses, and the government all need to adjust to these developments.

Governments are putting in a lot of effort to adapt and embrace new technology in order to digitalize the globe in this way.The Information and Communications Technology (ICT) industry is a key facilitator of economic growth and a key driver of the global digital economy's future development.

Cloud-based technology and automation will drive a greater percentage of technology expenditure towards emerging capabilities like AI, robots, and augmented reality, fuelled in part by cost reductions.Continuous modernisation and increased access to cloud-based services have fuelled the business industry's shift towards innovation and growth rather than cost reduction.The cloud has reached the mainstream market thanks to a surge in consumer demand for flexible pay-as-you-go models and major IT businesses integrating expensive cloud-based technologies with corporate systems.As a result, high-end technologies like AI and IoT, which were previously only available to a select few major enterprises and creative startups, are now available to a wide spectrum of small, medium, and large businesses.The future of the IT sector will certainly be shaped by automation.