Press release

Global Edge Computing Market is Expected to Reach USD 9.14 Billion by 2024: Technavio

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The edge computing market is expected to grow by USD 9.14 billion, progressing at a CAGR of over 32% during the forecast period. Download Free Sample Report

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Technavio has announced its latest market research report titled Global Edge Computing Market 2020-2024 (Graphic: Business Wire)

Technavio has announced its latest market research report titled Global Edge Computing Market 2020-2024 (Graphic: Business Wire)

The demand for decentralized computing is one of the major factors propelling market growth. However, factors such as competition from low-cost centralized and general-purpose computing infrastructure will hamper the market growth.

More details: https://www.technavio.com/report/edge-computing-market-industry-analysis

Edge Computing Market: End-user Landscape

The industrial applications of edge computing are mainly focused on the automation of industrial manufacturing and process environments, which make substantial use of industrial IoT devices, automation hardware, and connected sensors and actuators. The increasing investments in event-driven computing architecture and real-time automated processes and strategic alliances between vendors and end-users are driving the edge computing market share growth. The edge computing market growth share by the industrial manufacturing segment will be slower than the growth of the market by the telecom, mobility, retail, healthcare, and finance segments.

Edge Computing Market: Geographic Landscape

North America was the largest edge computing market in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. 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 will significantly drive the edge computing market growth in this region over the forecast period. Almost 44% of the market’s growth will originate from North America during the forecast period. The US is the key market for edge computing in North America. Market growth in this region will be slower than the growth of the market in APAC.

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Companies Covered:

  • Cisco Systems Inc.
  • Dell Technologies Inc.
  • Hewlett Packard Enterprise Co.
  • Huawei Investment & Holding Co. Ltd.
  • Intel Corp.
  • International Business Machines Corp.
  • Microsoft Corp.
  • Nokia Corp.
  • NVIDIA Corp.
  • Schneider Electric SE

What our reports offer:

  • Market share assessments for the regional and country-level segments
  • Strategic recommendations for the new entrants
  • Covers market data for 2019, 2020, until 2024
  • Market trends (drivers, opportunities, threats, challenges, investment opportunities, and recommendations)
  • Strategic recommendations in key business segments based on the market estimations
  • Competitive landscaping mapping the key common trends
  • Company profiling with detailed strategies, financials, and recent developments
  • Supply chain trends mapping the latest technological advancements

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.

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Key Topics Covered:

Executive Summary

  • Market Overview

Market Landscape

  • Market ecosystem
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2019
  • Market outlook: Forecast for 2019 – 2024

Five Forces Analysis

  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by End-user

  • Market segments
  • Comparison by End user placement
  • Industrial manufacturing – Market size and forecast 2019-2024
  • Telecom – Market size and forecast 2019-2024
  • Mobility – Market size and forecast 2019-2024
  • Government – Market size and forecast 2019-2024
  • Retail – Market size and forecast 2019-2024
  • Healthcare – Market size and forecast 2019-2024
  • Finance – Market size and forecast 2019-2024
  • Other end-users – Market size and forecast 2019-2024
  • Market opportunity by End user

Customer landscape

  • Overview

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • North America – Market size and forecast 2019-2024
  • Europe – Market size and forecast 2019-2024
  • APAC – Market size and forecast 2019-2024
  • South America – Market size and forecast 2019-2024
  • MEA – Market size and forecast 2019-2024
  • Key leading countries
  • Market opportunity by geography

Drivers, Challenges, and Trends

  • Market drivers
  • Volume driver – Demand led growth
  • Volume driver – Supply led growth
  • Volume driver – External factors
  • Volume driver – Demand shift in adjacent markets
  • Price driver – Inflation
  • Price driver – Shift from lower to higher-priced units
  • Market challenges
  • Market trends

Vendor Landscape

  • Overview
  • Landscape disruption
  • Vendor Analysis

Vendors covered

  • Market positioning of vendors
  • Cisco Systems, Inc.
  • Dell Technologies Inc.
  • Hewlett Packard Enterprise Co.
  • Huawei Investment & Holding Co. Ltd.
  • Intel Corp.
  • International Business Machines Corp.
  • Microsoft Corp.
  • Nokia Corp.
  • NVIDIA Corp.
  • Schneider Electric SE

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

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.