Edge Computing Market 2020–2024 | Rising Demand For Decentralized Computing to Boost Growth | Technavio
Technavio has been monitoring the edge computing market and it is poised to grow by $ 9,143.40 million during 2020–2024, progressing at a CAGR of over 32% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Request for Technavio’s latest reports on directly and indirectly impacted markets. Market estimates include pre- and post-COVID-19 impact on the Edge Computing Market Download free sample report
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Cisco Systems Inc., Dell Technologies Inc., Hewlett Packard Enterprise Co., Huawei Investment & Holding Co. Ltd., Intel Corp., International Business Machines Corp., Microsoft Corp., Nokia Corp., NVIDIA Corp., and Schneider Electric SE are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
Rising demand for decentralized computing to reduce latency in decision making has been instrumental in driving the growth of the market. However, competition from low-cost centralized and general-purpose computing infrastructure might hamper market growth.
Technavio’s custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations. https://www.technavio.com/report/global-edge-computing-market-2020-2024-industry-analysis
Edge Computing Market 2020–2024: Segmentation
Edge Computing Market is segmented as below:
- End-user
- Geography
- Industrial Manufacturing
- Telecom
- Mobility
- Government
- Retail
- Healthcare
- Finance
- Other End-users
- North America
- Europe
- APAC
- South America
- MEA
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Edge Computing Market 2020–2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our edge computing market report covers the following areas:
- Edge Computing Market Size
- Edge Computing Market Trends
- Edge Computing Market Industry Analysis
This study identifies the advent of integrated Industry 4.0 with IoT as one of the prime reasons driving the edge computing market growth during the next few years.
