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Edge Computing Market Prospering 35.4% CAGR to Hit USD 6.72 Billion to 2022

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November 10, 2017 in Technology


Edge computing market gives professional information on global edge computing market to 2022, North America holds the largest market share and APAC is the fastest-growing region in terms of CAGR. The edge computing market size is estimated to grow from USD 1.47 billion in 2017 to USD 6.72 billion by 2022, at an estimated CAGR of 35.4%. Smart cities projects are expected to gain traction in the coming years across geographies. Smart cities comprise the multitude of applications that require low latency and high bandwidth requirement to accomplish tasks successfully.

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Edge computing brings the computing capabilities at the edge of the network, thereby reducing the latency and facilitating applications with faster responses. With the implementation of smart cities projects across developing geographies, edge computing hardware, platform, and services are likely to gain demand in the coming years. Edge computing was created to address this processing need. As the name implies, it places computer processing power at the edge of the physical and communication network.

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The edge computing ecosystem comprises major vendors such as Nokia Networks (Finland), Huawei (China), Juniper Networks (US), Dell (US), Cisco Systems (US), HPE (US), SixSq Sàrl (Switzerland), FogHorn Systems (US), Vasona Networks (US), Machine Shop Inc. (US), Saguna Networks (Israel), Vapor IO (US), Xiotech (US), Mirror Image (US), Aricent (US), and ADLINK Technology (US).
North America holds the largest market share in 2017whileAPAC is the fastest-growing region in terms of CAGR. APAC is expected to be a lucrative market for edge computing during the forecast period, considering the untapped opportunities and heavy investment in smart cities projects in the developing countries in the region.

Moreover, a government initiative to promote digitization in developing countries has led many large organizations to target their market in this region. This is expected to create opportunities for edge computing vendors to explore in the coming years.

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In the process of determining and verifying the market size for several segments and sub segments gathered through secondary research, extensive primary interviews were conducted with the key people. The break-up of profiles of primary participants is given below as:
1. By Company Type: Tier 1 – 35%, Tier 2 – 45%, and Tier 3 – 20%
2. By Designation: C-level – 35%, D-level – 25%, and Others – 40%
3. By Region: North America – 45%, Europe – 20%, APAC – 30%, and RoW- 5%
In the realm of IoT, drones should be thought of as flying sensor platforms. The data they gather is fed into the network and then into computing platforms. This information is digested and becomes part of the knowledge that determines the most promising sites to explore. If engaged in surveillance, drones provide insight into and pictures of areas that were previously inaccessible (or accessible only at a very high cost).

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