Comprehensive Research Report on Global Edge Computing Market Analysis, Growth Forecast 2023-2028
According to MarkNtel Advisors study the Global Edge Computing Market research report is an extensive document that includes a plethora of information, including several opportunities and dynamics that are pertinent to the 2023–2028 projection period.
The Global Edge Computing Market is projected to grow at a CAGR of around 30% during the forecast period, i.e., 2023-28.
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Proliferating Use Cases Requiring Low-Latency Processing
With concrete cloud infrastructure becoming indispensable to enterprises, the need to cope with the latency has become crucial to businesses. As such, the need for better computing technologies that facilitate faster data transmission has arisen. Furthermore, numerous delay-sensitive applications requiring real-time computation, including remote monitoring of oil and gas fields and manufacturing sites, precision decision-making in connected cars before impact, and many more, have added to the popularity of edge solutions. Along similar lines, in order to facilitate a fully responsive and immersive gaming experience, numerous cloud gaming enterprises are planning to enhance the proximity of edge servers to gamers by reducing latency. With such wide applications and escalating need to minimize latency while processing the data in clouds, edge computing servers have gained traction and are likely to gain momentum in the coming years.
Competitive Landscape & Segmentation Analysis:
In order to provide a clear picture of competitive environment of the studied industry, we conducted a detailed analysis of both the major global players and the important regional small- and medium-sized businesses with significant growth potential. This global Edge Computing market research provides information on the competitors, including their sales volume and revenue with corresponding market shares, price, and gross margin. It also examines the current competitive situation of the market. Furthermore discussed are the market concentration ratio, mergers, acquisitions, and expansion strategies.
- IBM Corporation
- Amazon Web Services
- Cisco Systems, Inc.
- Huawei Technologies Co. Limited
- ABB Group
- Intel Corporation
- Microsoft Corporation
- SAP SE
- Hewlett Packard Enterprise Development LP
- AT&T Inc.
By identifying the high growth sectors, the study also gives stakeholders valuable insights into the trends and factors that are either driving or impeding the market growth possibilities. From a strategic perspective, it looks at each submarket’s unique growth trajectory and market share.
-Industrial Internet of Things
-Augmented & Virtual Reality
By End Users
-Energy & Utilities
-Healthcare & Lifesciences
-Transportation & Logistics
-Retail & Consumer Goods
-IT & Telecom
-Government & Defense
By Organization Size
Geographically, the Global Edge Computing extends across the following regions:
-Middle East & Africa
Key Benefits for Stakeholders:
- To determine the prevailing market opportunities, this research offers a quantitative study of the market segments, current trends, projections, and shifts in the global Edge Computing market analysis from 2023 to 2028.
- Information on the main factors driving the market as well as the obstacles and possibilities are provided.
- The power of suppliers and buyers to empower stakeholders to make profit-driven business decisions and fortify their supplier-buyer network is underscored by Porter’s five forces analysis.
- A comprehensive examination of the Edge Computing market segmentation aids in identifying the dominant market opportunities.
- The major countries in each area are shown in relation to the revenue they generate for the global market.
- Market player positioning makes benchmarking easier and gives a clear picture of the current market position of each participant discussed in the report.
- The research analyzes market trends for Edge Computing industry on a regional and global scale, as well as the major competitors, market segments, and industry expansion tactics.
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