Market overview
Global Edge Computing Market is a groundbreaking approach to cloud computing systems optimization. This refers primarily to the systems that enable computational to be carried out at the edge of the network. Edge computing is responsible for aligning data collection and control mechanisms, high bandwidth storage, and end-user-related applications. Battery life for the battery-operated IoT devices is boosted by the shorter times of open communications channels caused by an improved latency. Edge computing also enables efficient data storage, with cleaner data sets for cloud-based analysis as data collection and data processing are done at the edge of the network.
Market Highlights
Fatpos Global anticipates the Edge Computing market to surpass USD XX Billion by 2030, which is valued at XX billion in 2019 at a compound annual growth rate of XX%. This growth is anticipated due to the growing escalation of the Internet of Things and increasing concerns for security in public places. In the coming years, the IoT phenomenon is expected to expand with the organization's digital transformation initiatives. The exponential growth and growing use of IoT in companies would lead to the fuel the edge computing industry. As IoT has increased in several high-computing linked mobile devices, companies have gained access to and stored large volumes of data in the repository
Source: Fatpos Global
Recent Highlights in the Edge Computing market
The NVIDIA Corporation has built a platform called the NVIDIA EGX technology that will lead to a promising improved user experience in real-time AI.
In July 2019, IBM Japan joined the AECC, promoting good practices and technological integration in the future cars. IBM Japan is also driving the practice for the implementation of a new computing system.
Verizon Communications, Inc., and Amazon Web Services, Inc. have announced collaboration with its client to develop IoT technologies and innovative software, and promote innovation, through a 5 G cloud edge-based computing network.
Edge Computing Market: Segments
Global market has been segmented on the basis of Component, application type, and by location. It has been further segmented on the basis of region into North America, Europe, Asia-Pacific, Mid East, and Africa.
By component (in %), global Edge Computing Market, 2019
In 2019, the hardware segment dominated the global edge computing market.
Global Edge Computing Market is segmented by component into Hardware, Software, Services, and Edge-managed Platforms
Increasing cloud-based applications, in which the server plays a crucial role and functions as the non-visible computer base for the services on which users are dependent, provide the highest percentage.
By Industry vertical (in %), global Edge Computing Market, 2019
Energy and utilities accounted for XX% of the global volume in 2019 and are anticipated to dominate the market in the forecasted period
Global Edge Computing Market is segmented by industry vertical: Healthcare, agriculture and energy and utilities
The growing need to close the gap between theoretical performance and the actual production of grid systems promotes the adoption of edge computing practices by grid producers. Therefore, a large number of data generated from power stations distributed need to be processed and analyzed at a faster pace to enable successful decision-making based on data.
Many of the driving forces that help the industry expand include the use of intelligent functionalities such as automatic metering (AMR), distributed generators remote control, grid automation and real-time power analysis.
Source: Fatpos Global
Global Edge Computing Market: Drivers and Restraints
Drivers
The growing espousal of IoT
The emergence of IoT led to a substantial increase in data, as businesses rely more and more on centralized cloud computing and storage solutions. Movement of the entire IT industry to the cloud poses economic feasibility issues. Therefore, these companies are continuously searching for edge computing resources including edge nodes, instruments, and hyper-located data centers, using IoT sensors, actuators, and other IoT tools.
Advent of autonomous vehicles
Edge computing in autonomous motor cars can make it possible to use the collected data better and more accurately, enabling edge computer to offload non-critical data in the edge data centers and to preserve essential data within the vehicle. In addition, edge computing can help achieve situational awareness within a space of time combined with Artificial intelligence (AI ) and machine learning (ML) by providing local processing power to facilitate the processing of large quantities of data produced by autonomous automobiles.
Restraints
Initial investment
In using digital technologies to effectively simplify and accelerate business processes companies are moving rapidly towards digitization. The initial investment in edge computing is still a major load on the capital expenditure of the company. For businesses that are pursuing comprehensive edge computing solutions, investments in cutting edge nodes, other edge tools, and edge data centers are significant. They would also have to invest more in ensuring the protection of devices and of the whole network. As a result, multiple service suppliers are reluctant to switch to the edge only because of low latency processing.
Global Edge Computing Market: Regions
North America was the largest market accounting for 42% of total market volume share in 2019
A number of startups that provide platforms to develop an edge-enabled solution are creating a driving force for the region's industrial growth. For example, in Canada telecommunication companies, including Telus Communications, are developing MobiledgeX, Inc., an early access program that will empower developers to build, experiment, and measure the efficiency of edge-enabled applications in a low latency environment.
Asia Pacific: China, Japan, India, and Rest of Asia Pacific
Europe: Germany, the UK, France, and Rest of Europe
North America: The US, Mexico, and Canada
Latin America: Brazil and Rest of Latin America
Middle East & Africa: GCC Countries and Rest of Middle East & Africa
Source: Fatpos Global
The global Edge Computing market is further segmented by region into:
North America Market Size, Share, Trends, Opportunities, Y-o-Y
Growth, CAGR – United States and Canada
Latin America Market Size, Share, Trends, Opportunities, Y-o-Y
Growth, CAGR – Mexico, Argentina, Brazil and Rest of Latin America
Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth,
CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium
Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia,
Turkey and Rest of Europe
APAC Market Size, Share, Trends, Opportunities, Y-o-Y Growth,
CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New
Zealand, Australia and Rest of APAC
MENA Market Size, Share, Trends, Opportunities, Y-o-Y Growth,
CAGR – North Africa, Israel, GCC, South Africa
Global Edge Computing Market: Key Players
Cisco (US)
Company Overview
Business Strategy
Key Product Offerings
Financial Performance
Key Performance Indicators
Risk Analysis
Recent Development
Regional Presence
SWOT Analysis
Huawei (China)
Dell Technologies (US)
Litmus Automation (US)
SixSq (Switzerland)
Saguna Networks (Israel)
ADLINK (Taiwan)
Axellio (US)
HPE (US)
IBM (US)
Other prominent players
The global Edge Computing market report also contains analysis on:
Edge Computing Market Segments:
By Component type:
Hardware
Software Services
Edge-managed Platforms
By Industry Vertical:
Healthcare
Agriculture
Energy and utilities
Edge Computing Market Dynamics
Edge Computing Market Size
Supply & Demand
Current Trends/Issues/Challenges
Competition & Companies Involved in the Market
Value Chain of the Market
Market Drivers and Restraints
FAQs on Global Edge Computing Market
Which segment is anticipated to hold the largest market share
At what CAGR is the market anticipated to grow between 2020 and
Who are the key players in the global Edge Computing market
What could be the challenging factors for the growth of the Edge computing market
What are the growth drivers for the Edge Computing market
Contents
1. Executive Summary
2. Edge computing
2.1. Product Overview
2.2. Market Definition
2.3. Segmentation
2.4. Assumptions and Acronyms
3. Research Methodology
3.1. Research Objectives
3.2. Primary Research
3.3. Secondary Research
3.4. Forecast Model
3.5. Market Size Estimation
4. Average Pricing Analysis
5. Market Dynamics
5.1. Growth Drivers
5.2. Restraints
5.3. Opportunity
5.4. Trends
6. Correlation & Regression Analysis
6.1. Correlation Matrix
6.2. Regression Matrix
7. Recent Development, Policies&Regulatory Landscape
8. Risk Analysis
8.1. Demand Risk Analysis
8.2. Supply Risk Analysis
9. Edge computing Industry Analysis
9.1. Porters Five Forces
9.1.1. Threat of New Entrants
9.1.2. Bargaining Power of Suppliers
9.1.3. Threat of Substitutes
9.1.4. Rivalry
9.2. PEST Analysis
9.2.1. Political
9.2.2. Economic
9.2.3. Social
9.2.4. Technological
10. Global Edge computing Market
10.1. Market Size & forecast, 2019A-2030F
10.1.1. By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
10.1.2. By Volume (Million Units) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
11. Global Edge computing Market: Market Segmentation
11.1. By Regions
11.1.1. North America:(U.S. and Canada)
• By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
11.1.2. Latin America: (Brazil, Mexico, Argentina, Rest of Latin America)
• By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
11.1.3. Europe: (Germany, UK, France, Italy, Spain, BENELUX, NORDIC, Hungary, Poland, Turkey, Russia, Rest of Europe)
• By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
11.1.4. Asia-Pacific: (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia Pacific)
• By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
11.1.5. Middle East and Africa: (Israel, GCC, North Africa, South Africa, Rest of Middle East and Africa)
• By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
11.2. By Component: Market Share (2020-2030F)
11.2.1. Hardware, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
11.2.2. Software, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
11.2.3. Services, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
11.2.4. Edge-managed Platforms, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
11.2.5.
11.3. By Industry Vertical: Market Share (2020-2030F)
11.3.1. Healthcare, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
11.3.2. Agriculture, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
11.3.3. Energy and utilities, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12. Company Profile
12.1. Cisco (US)
12.1.1. Company Overview
12.1.2. Company Total Revenue (Financials)
12.1.3. Market Potential
12.1.4. Global Presence
12.1.5. Key Performance Indicators
12.1.6. SWOT Analysis
12.1.7. Product Launch
12.2. Huawei (China)
12.3. Dell Technologies (US)
12.4. Litmus Automation (US)
12.5. SixSq (Switzerland)
12.6. Saguna Networks (Israel)
12.7. ADLINK (Taiwan)
12.8. Axellio (US)
12.9. HPE (US)
12.10. IBM (US)
12.11. Other prominent players
13. Consultant Recommendation
**The above given segmentations and companies could be subjected to further modification based on in-depth feasibility studies conducted for the final deliverable.
Methodology/Research Approach
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.Research Programs/Design
Historical Data (2015-2019) |
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Influencing Factors |
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Market Forecast (2021-2026) |
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Market Size Estimation
Top-down and bottom-up approaches are used to validate the global Voluntary Carbon Offset market size market and estimate the market size for Company, regions segments, product segments and Application (end users).
The market estimations in this report are based on the marketed sale price of Voluntary Carbon Offset (excluding any discounts provided by the player, distributor, wholesaler or traders). The percentage splits, market share, and breakdowns of the product segments are derived on the basis of weights assigned to each of the segments on the basis of their utilization rate and average sale price. The regional splits of the overall Voluntary Carbon Offset market and its sub-segments are based on the percentage adoption or utilization of the given product in the respective region or country.
Major Company in the market is identified through secondary research and their market revenues determined through primary and secondary research. Secondary research included the research of the annual and financial reports of the top Company; whereas, primary research included extensive interviews of key opinion leaders and industry experts such as experienced front-line staff, directors, CEOs and marketing executives. The percentage splits, market share, Growth Rate and breakdowns of the product markets are determined through using secondary sources and verified through the primary sources.
All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or other factors are not accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Market Intellix and presented in this report
The following figure shows an illustrative representation of the overall market size estimation process used for this study.
Market Breakdown and Data Triangulation
After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation, extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report. Extensive qualitative and further quantitative analysis is also done from all the numbers arrived at in the complete market engineering process to list key information throughout the report.
Data Source
Secondary Sources
Secondary sources include such as press releases, annual reports, non-profit organizations, industry associations, governmental agencies and customs data, etc. This research study involves the usage of widespread secondary sources, directories, databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), and TRADING ECONOMICS, and News Network, statista, Federal Reserve Economic Data, annual reports, BIS Statistics, ICIS; company house documents; CAS(American Chemical Society); investor presentations; and SEC filings of companies. Secondary research was used to identify and collect information useful for the extensive, technical, market-oriented, and Hospitals study of the Voluntary Carbon Offset market. It was also used to obtain important information about the top companies, market classification and segmentation according to industry trends to the bottom-most level, and key developments related to market and technology perspectives.
Market Size |
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Market Position of Top Company |
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Qualitative Analysis |
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Primary Sources
In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product Company (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.
The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end use (product buyers), and related key executives from various key companies and organizations operating in the global market.
Primary research was conducted to identify segmentation Type, product price range, product Application, key Company, raw materials supply and the downstream demand, industry status and outlook, and key market dynamics such as risks, influence factors, opportunities, market barriers, industry trends, and key player strategies.
Key Executives Interviewed
Key Data Information from Primary Sources
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Total Market |
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