End-user segments performance in the global edge computing market

The global edge computing market is expected to grow at a CAGR of 32.48% during the forecast period. Based on end-user, the global edge computing market has been segmented into Industrial manufacturing, Telecom, Mobility, Government, Retail, Healthcare, Finance, and Other end-users.

The industrial applications of edge computing are mainly focused on the automation of industrial manufacturing and process environments, which make substantial use of industrial IoT devices, automation hardware, and connected sensors and actuators. These applications are expected to gain significant advantage from the efficiency gained due to the use of edge computing at the local node. Large-scale industrial facilities generate a large amount of data, which needs to be analyzed and stored on-the-fly to detect changes in manufacturing conditions, machine or equipment failure, system performance, input supply, quality control, and predictive maintenance.

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Event-driven performance of manufacturing systems is becoming a key point of focus for many large manufacturing companies, which is driving investments toward event-driven computing architecture and real-time automated processes. As more companies switch toward such manufacturing operations, they are likely to adopt edge computing solutions to reduce the cost of IT solutions, in terms of security, latency, innovation capability, and system integration. Hence, the industrial manufacturing segment of the global edge computing market is expected to grow during the forecast period.