Edge Computing Market By Component, By Application, By Organization Size, By Verticals, and Geography  

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Edge Computing Market Size, Share, Growth, Trends, and Global Industry Analysis: By Component (Hardware, Platform, and Service), By Application (Smart Cities, Industrial Internet of Things [IoT], Remote monitoring, Content Delivery, Augmented Reality [AR] and Virtual Reality [VR], and others), By Organization Size (Small, Medium and Large Sized Enterprise), By Verticals (Manufacturing, Energy & Utility, Government & Defense, Telecommunications, Media & Entertainment, Retail & Consumer Goods, Transportation & Logistics, Healthcare & Life Science, and others), and Region  

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Edge Computing Market size was valued at US$ 3.9 billion in 2023 and is poised to grow at a CAGR of 36.8% from 2024-2030. Factors such as growing industry-wide acceptance of the Internet of Things (IoT), growing demand for low-latency processing and real-time, automated decision-making solutions; and the need to address growing data volumes and network traffic exponentially.

In addition, it is anticipated that the advent of autonomous vehicles and connected car networks and the need for lightweight frameworks and systems to increase the efficacy of edge computing solutions would create ample opportunities for vendors of edge computing. While in many applications, edge computing is used, the high initial costs and maintenance costs act as the impeding factor for the edge computing market. In addition, edge computing forces organizations to deal with the same network security models and physical security criteria for more remote servers where safety footprints and traffic patterns are open to all, thus hindering and challenging the security of the database.  

Edge Computing Market Key Developments: 

  • In March 2020, Google Cloud and AT&T announced a collaboration to help enterprises take advantage of Google Cloud's technologies and capabilities using AT&T network connectivity at the edge, including 5G.
  • In March 2020, Microsoft announced the acquisition of Affirmed Networks, which is a startup that offers fully virtualized cloud-native mobile network solutions.

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Edge Computing Market Summary

Study Period

2024-2030

Base Year

2023

CAGR

36.8%

Largest Market

North America

Fastest Growing Market

Asia Pacific

Edge Computing Market Dynamics

In order to drive the market, the jobs of IoT in various industries such as automobile, manufacturing, retail , transportation, electricity and so on has been evaluated. In these industries, IoT is used as it provides real-time data, enhances operational efficiency, output optimization, and other benefits that impact the industry’s efficiency and further contribute as the driving force for the edge computing market. G.E reported that industrial IoT employment has a 44 percent effect on global energy consumption. The use of IoT in industries is therefore evaluated as a driving factor for the market for edge computing.

Edge Computing Market Segmentation Analysis

Report Benchmarks

Details

Report Study Period

2024-2030

Market Size in 2023

US$ 3.9 billion

Market CAGR

36.8%

By Component

  • Hardware
  • Platform
  • Service

By Organization Size

  • Small 
  • Medium and
  • Large Sized Enterprises 

By Verticals

  • Manufacturing
  • Energy and Utilities
  • Government and Defense
  • Telecommunications
  • Media and Entertainment
  • Retail and Consumer Goods
  • Transportation and Logistics
  • Healthcare and Life Sciences
  • Others

By Application

  • Smart Cities
  • Industrial Internet of Things (IIoT)
  • Remote Monitoring
  • Content Delivery
  • Augmented Reality (AR) and Virtual Reality (VR)
  • Others

Key Features of the Report

  • The edge computing market report provides granular level information about the market size, regional market share, historic market (2019-2023), and forecast (2024-2030)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments, and start-up details that are actively working in the market
  • The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario

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Frequently Asked Questions

The edge computing market size was valued at US$ 3.9 billion in 2023 and is poised to grow at a CAGR of 36.8% from 2024-2030

Cisco, HPE, Huawei, Dell Technologies, Nokia

Asia Pacific is the fastest-growing region for edge computing market

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Author

Sravani

Sravani is a proficient Business Analyst with an MBA and a background in Computer Science, with seven years of expe.....

1.Executive Summary
2.Global Edge Computing Market Introduction 
2.1.Global Edge Computing Market  - Taxonomy
2.2.Global Edge Computing Market  - Definitions
2.2.1.Component
2.2.2.Organization Size
2.2.3.Verticals
2.2.4.Application
2.2.5.Region
3.Global Edge Computing Market Dynamics
3.1. Drivers
3.2. Restraints
3.3. Opportunities/Unmet Needs of the Market
3.4. Trends
3.5. Product Landscape
3.6. New Product Launches
3.7. Impact of COVID 19 on Market
4.Global Edge Computing Market Analysis, 2019 - 2023 and Forecast 2024 - 2030
4.1.  Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
4.2.  Year-Over-Year (Y-o-Y) Growth Analysis (%) 
4.3.  Market Opportunity Analysis 
5.Global Edge Computing Market  By Component, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
5.1. Hardware
5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.1.3. Market Opportunity Analysis 
5.2. Platform
5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.2.3. Market Opportunity Analysis 
5.3. Service
5.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.3.3. Market Opportunity Analysis 
6.Global Edge Computing Market  By Organization Size, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
6.1. Small 
6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.1.3. Market Opportunity Analysis 
6.2. Medium and
6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.2.3. Market Opportunity Analysis 
6.3. Large Sized Enterprises
6.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.3.3. Market Opportunity Analysis 
7.Global Edge Computing Market  By Verticals, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
7.1. Manufacturing
7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.1.3. Market Opportunity Analysis 
7.2. Energy and Utilities
7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.2.3. Market Opportunity Analysis 
7.3. Government and Defense
7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.3.3. Market Opportunity Analysis 
7.4. Telecommunications
7.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.4.3. Market Opportunity Analysis 
7.5. Media and Entertainment
7.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.5.3. Market Opportunity Analysis 
7.6. Retail and Consumer Goods
7.6.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.6.3. Market Opportunity Analysis 
7.7. Transportation and Logistics
7.7.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.7.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.7.3. Market Opportunity Analysis 
7.8. Healthcare and Life Sciences
7.8.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.8.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.8.3. Market Opportunity Analysis 
7.9. Others
7.9.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.9.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.9.3. Market Opportunity Analysis 
8.Global Edge Computing Market  By Application, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
8.1. Smart Cities
8.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
8.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.1.3. Market Opportunity Analysis 
8.2. Industrial Internet of Things (IIoT)
8.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.2.3. Market Opportunity Analysis 
8.3. Remote Monitoring
8.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
8.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.3.3. Market Opportunity Analysis 
8.4. Content Delivery
8.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
8.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.4.3. Market Opportunity Analysis 
8.5. Augmented Reality (AR) and Virtual Reality (VR)
8.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
8.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.5.3. Market Opportunity Analysis 
8.6. Others
8.6.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
8.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.6.3. Market Opportunity Analysis 
9.Global Edge Computing Market  By Region, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
9.1. North America
9.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
9.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
9.1.3. Market Opportunity Analysis 
9.2. Europe
9.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
9.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
9.2.3. Market Opportunity Analysis 
9.3. Asia Pacific (APAC)
9.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
9.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
9.3.3. Market Opportunity Analysis 
9.4. Middle East and Africa (MEA)
9.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
9.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
9.4.3. Market Opportunity Analysis 
9.5. Latin America
9.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
9.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
9.5.3. Market Opportunity Analysis 
10.North America Edge Computing Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
10.1. Component Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.1.1.Hardware
10.1.2.Platform
10.1.3.Service
10.2.  Organization Size Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.2.1.Small 
10.2.2.Medium and
10.2.3.Large Sized Enterprises
10.3.  Verticals Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.3.1.Manufacturing
10.3.2.Energy and Utilities
10.3.3.Government and Defense
10.3.4.Telecommunications
10.3.5.Media and Entertainment
10.3.6.Retail and Consumer Goods
10.3.7.Transportation and Logistics
10.3.8.Healthcare and Life Sciences
10.3.9.Others
10.4.  Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.4.1.Smart Cities
10.4.2.Industrial Internet of Things (IIoT)
10.4.3.Remote Monitoring
10.4.4.Content Delivery
10.4.5.Augmented Reality (AR) and Virtual Reality (VR)
10.4.6.Others
10.5.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.5.1.United States of America (USA)
10.5.2.Canada
11.Europe Edge Computing Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
11.1. Component Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.1.1.Hardware
11.1.2.Platform
11.1.3.Service
11.2.  Organization Size Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.2.1.Small 
11.2.2.Medium and
11.2.3.Large Sized Enterprises
11.3.  Verticals Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.3.1.Manufacturing
11.3.2.Energy and Utilities
11.3.3.Government and Defense
11.3.4.Telecommunications
11.3.5.Media and Entertainment
11.3.6.Retail and Consumer Goods
11.3.7.Transportation and Logistics
11.3.8.Healthcare and Life Sciences
11.3.9.Others
11.4.  Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.4.1.Smart Cities
11.4.2.Industrial Internet of Things (IIoT)
11.4.3.Remote Monitoring
11.4.4.Content Delivery
11.4.5.Augmented Reality (AR) and Virtual Reality (VR)
11.4.6.Others
11.5.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.5.1.Germany
11.5.2.France
11.5.3.Italy
11.5.4.United Kingdom (UK)
11.5.5.Spain
12.Asia Pacific (APAC) Edge Computing Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
12.1. Component Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.1.1.Hardware
12.1.2.Platform
12.1.3.Service
12.2.  Organization Size Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.2.1.Small 
12.2.2.Medium and
12.2.3.Large Sized Enterprises
12.3.  Verticals Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.3.1.Manufacturing
12.3.2.Energy and Utilities
12.3.3.Government and Defense
12.3.4.Telecommunications
12.3.5.Media and Entertainment
12.3.6.Retail and Consumer Goods
12.3.7.Transportation and Logistics
12.3.8.Healthcare and Life Sciences
12.3.9.Others
12.4.  Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.4.1.Smart Cities
12.4.2.Industrial Internet of Things (IIoT)
12.4.3.Remote Monitoring
12.4.4.Content Delivery
12.4.5.Augmented Reality (AR) and Virtual Reality (VR)
12.4.6.Others
12.5.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.5.1.China
12.5.2.India
12.5.3.Australia and New Zealand (ANZ)
12.5.4.Japan
12.5.5.Rest of APAC
13.Middle East and Africa (MEA) Edge Computing Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
13.1. Component Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.1.1.Hardware
13.1.2.Platform
13.1.3.Service
13.2.  Organization Size Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.2.1.Small 
13.2.2.Medium and
13.2.3.Large Sized Enterprises
13.3.  Verticals Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.3.1.Manufacturing
13.3.2.Energy and Utilities
13.3.3.Government and Defense
13.3.4.Telecommunications
13.3.5.Media and Entertainment
13.3.6.Retail and Consumer Goods
13.3.7.Transportation and Logistics
13.3.8.Healthcare and Life Sciences
13.3.9.Others
13.4.  Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.4.1.Smart Cities
13.4.2.Industrial Internet of Things (IIoT)
13.4.3.Remote Monitoring
13.4.4.Content Delivery
13.4.5.Augmented Reality (AR) and Virtual Reality (VR)
13.4.6.Others
13.5.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.5.1.GCC Countries
13.5.2.South Africa
13.5.3.Rest of MEA
14.Latin America Edge Computing Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
14.1. Component Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
14.1.1.Hardware
14.1.2.Platform
14.1.3.Service
14.2.  Organization Size Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
14.2.1.Small 
14.2.2.Medium and
14.2.3.Large Sized Enterprises
14.3.  Verticals Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
14.3.1.Manufacturing
14.3.2.Energy and Utilities
14.3.3.Government and Defense
14.3.4.Telecommunications
14.3.5.Media and Entertainment
14.3.6.Retail and Consumer Goods
14.3.7.Transportation and Logistics
14.3.8.Healthcare and Life Sciences
14.3.9.Others
14.4.  Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
14.4.1.Smart Cities
14.4.2.Industrial Internet of Things (IIoT)
14.4.3.Remote Monitoring
14.4.4.Content Delivery
14.4.5.Augmented Reality (AR) and Virtual Reality (VR)
14.4.6.Others
14.5.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
14.5.1.Brazil
14.5.2.Mexico
14.5.3.Rest of LA
15. Competition Landscape
15.1.  Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) 
15.2.1.Cisco
15.2.2.HPE
15.2.3.Huawei
15.2.4.Dell Technologies
15.2.5.Nokia
15.2.6.Litmus Automation
15.2.7.FogHorn Systems
15.2.8.Digi International
15.2.9.Saguna Networks
15.2.10.Juniper Networks
16. Research Methodology 
17. Appendix and Abbreviations 

Key Market Players

  • Cisco
  • HPE
  • Huawei
  • Dell Technologies
  • Nokia
  • Litmus Automation
  • FogHorn Systems
  • Digi International
  • Saguna Networks
  • Juniper Networks

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