Global Edge Computing Market forecast 2019 to 2026
Global Edge Computing Market is expected to rise from its initial estimated value of USD 2.11 billion in 2018 to an estimated value of USD 21.69 billion by 2026, registering a CAGR of 33.75% in the forecast period of 2019-2026. This rise in market value can be attributed to the growing adoption of IoT and overload on cloud infrastructure.
Edge computing market research report has been worked out with the thorough statistics and market research insights which present quick growth and thriving sustainability in the ABC industry for the businesses. In addition, market definition underlined in this edge computing report covers the market drivers which are supposed to make rise in the market and market restraints that causes fall in the market growth. Market analysis carried out over here gives estimations about the probable rise, growth or fall of the product in the exact forecast period. Competitive analysis provides a clear idea about the strategies used by the major players in the market which boosts their penetration in the market.
Few of the major market competitors currently working in the edge computing market are Nokia, Huawei Technologies Co. Ltd., Juniper Networks Inc., Dell, Cisco, Hewlett Packard Enterprise Development LP, SixSq Sàrl, FogHorn Systems, Vasona Networks Inc., MachineShop Inc., Saguna Networks Ltd., Vapor IO, Violin Systems LLC, Aricent Inc., ADLINK Technology Inc., Amazon Web Services Inc., GENERAL ELECTRIC, IBM Corporation, Intel Corporation, Microsoft, and SAP SE.
Global edge computing market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of edge computing market for global, Europe, North America, Asia Pacific and South America.
Complete and distinct analysis of the market drivers and restraints
Widespread usage and adoption of IoT leading to overload on cloud foundation is expected to drive the market growth
Increasing levels of adoption and applications in a number of different industry verticals is also expected to drive the market growth
Concerns pertaining to hacks and cyber security in edge computing is expected to restrain the market growth
Due to the modern nature of edge computing there is a lack of standardization and issues in operations and integration of edge computing, this factor is expected to act as a restraint to the market growth
In July 2017, Huawei Technologies Co. Ltd. and China Mobile Limited announced in a collaboration initiation of a smart stadium project at the Beijing South Railway Station. In the collaboration China Mobile Limited is expected to integrate Huawei’s MEC@CloudEdge solution with the edge gateway at the station.
In May 2017, Microsoft and Cisco announced collaboration in which Microsoft’s Azure IoT studio is expected to be incorporated and integrated with Cisco Fog deployments.
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