Le Lézard
Classified in: Ebola virus, Science and technology, Covid-19 virus
Subject: MRR

Edge computing market 2023-2027 | North America is estimated to account for 42% of the growth of the global market- Technavio


NEW YORK, Oct. 26, 2023 /PRNewswire/ -- According to Technavio, the global edge computing market size is estimated to grow by USD 9,928.42 million from 2022 to 2027. The market is estimated to grow at a CAGR of over 24.74% during the forecast period.  The report includes historic market data from 2017 to 2021. In 2017, the market was valued at USD 2454.66 million. By geography, the global edge computing market is segmented into North America, Europe, APAC, South America, and Middle East and Africa. The report provides actionable insights and estimates the contribution of all regions to the growth of the global edge computing market. North America is estimated to account for 42% of the growth of the global market during the forecast period. The edge computing market in North America is expected to witness considerable growth owing to the growing emphasis on improving efficiency in IT infrastructure within commercial and industrial environments and the increasing adoption of big data analytics and IoT by end-users. The US and Canada are two of the key markets for edge computing in North America. Enterprise customers in the US and Canada are keen on switching to edge computing, with many companies giving priority to switching from core-to-network edge systems in the next few years. Some of the vendors operating in the region are focusing on launching new edge computing platforms. These factors will drive the growth of the regional market during the forecast period. 

For more Insights, Request a sample report

Global edge computing market - Five Forces
The global edge computing market is fragmented, and the five forces analysis covers? 

Global edge computing market ? Customer Landscape 

The report includes the market's adoption lifecycle, from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Global edge computing market - Segmentation Assessment

Segment Overview
Technavio has segmented the market based on end-user (Industrial manufacturing, Telecom, Mobility, Government, and Others), and component (Hardware, Software, Services, and Edge-managed platforms). 

Download a Sample Report

Global edge computing market ? Market Dynamics
Key factor driving market growth

Leading trends influencing the market 

Major challenges hindering the market growth

Drivers, trends, and challenges have an impact on market dynamics, which can impact businesses. Find more insights in a sample report!

What are the key data covered in this edge computing market report?

Gain instant access to 17,000+ market research reports. 

Technavio's SUBSCRIPTION platform

Related Reports:

Edge Computing Market Scope

Report Coverage

Details

Page number

185

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 24.74%

Market growth 2023-2027

USD 9,928.42 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

22.67

Regional analysis

North America, Europe, APAC, South America, and Middle East and Africa

Performing market contribution

North America at 42%

Key countries

US, China, Japan, Germany, and UK

Competitive landscape

Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

Alphabet Inc., Amazon.com Inc., Arrow Electronics Inc., Capgemini Service SAS, ClearBlade Inc., Dell Technologies Inc., EdgeConneX Inc., General Electric Co., Hewlett Packard Enterprise Co., Huawei Technologies Co. Ltd., Intel Corp., Nokia Corp., NVIDIA Corp., Renesas Electronics Corp., Schneider Electric SE, Telefonaktiebolaget LM Ericsson, Aarna Networks Inc., Cisco Systems Inc., International Business Machines Corp., and Microsoft Corp.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Table of contents

1 Executive Summary

2 Market Landscape

3 Market Sizing

4 Historic Market Size

5 Five Forces Analysis

6 Market Segmentation by End-user

7 Market Segmentation by Component

8 Customer Landscape

9 Geographic Landscape

10 Drivers, Challenges, and Trends

11 Vendor Landscape

12 Vendor Analysis

13 Appendix

About US
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/

SOURCE Technavio


These press releases may also interest you

at 13:20
Garrett Smith, Founder and CEO of Community Capital Technology Inc. ("Community Capital"), will be attending the Milken Institute Global Conference ("MI Global") May 5-8, 2024 in Los Angeles. The event brings together global executives and...

at 13:16
Quarterhill Inc. ("Quarterhill" or the "Company") , a leading provider of tolling and enforcement solutions in the Intelligent Transportation System ("ITS")...

at 12:25
UroGen Pharma Ltd. , a biotech company dedicated to developing and commercializing novel solutions that treat urothelial and specialty cancers, today highlights the results of a sub-analysis from the first and largest real-world patient cohort review...

at 09:05
Smart Meter, the leading supplier of Cellular Remote Patient Monitoring (RPM)tm solutions, has introduced a new version of the iGlucose, its patented cellular-connected glucose meter used by over 200,000 people with diabetes since 2019. The...

at 09:05
F5 announced that it has been singled out as a visionary in API security for its F5 Distributed Cloud Web App and API Protection (WAAP) in Enterprise Management Associates' Vendor Vision 2024 report. The report highlights "must see" security...

at 08:05
GE HealthCare today unveiled SIGNA MAGNUS, an FDA 510(k) pending head-only magnetic resonance (MR) scanner designed to explore advancements in neuroscience, which have been restricted by the performance limitations of conventional whole-body MR...



News published on and distributed by: