ReportLinker
during the forecast period. The requirement of companies to collect and analyze data at the very source from where it is generated, growth of IoT networks, increased bandwidth, reduced latency, cost effectiveness, emergence of edge native cloud platforms have made connecting edge devices and sensors the need of the hour, hence compelling enterprises to adopt and harness the power of edge computing.
New York, July 12, 2023 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Edge Computing Market by Component, Application, Organization Size, Vertical and Region - Global Forecast to 2028" - https://www.reportlinker.com/p05181598/?utm_source=GNW
By component, services segment to exhibit significant growth during the forecast period
The services segment plays a crucial role in the edge computing market, providing a range of essential functions and support to ensure the successful implementation and operation of edge computing solutions.Services in the edge computing market encompass a variety of offerings that cater to the unique requirements and complexities of edge deployments.
Consulting and advisory services form a significant part of the services segment.These services assist organizations in understanding the potential benefits of edge computing, assessing their specific needs, and devising an appropriate strategy for implementation.
Consultants guide businesses in identifying the optimal edge infrastructure, network architecture, and edge device placement to achieve their desired outcomes.Next, the integration and deployment services are also vital in the edge computing ecosystem.
These services aid organizations in seamlessly integrating edge computing solutions into their existing IT infrastructure. They involve activities such as hardware and software installation, configuration, testing, and system integration. By leveraging these services, businesses can effectively bridge the gap between their current infrastructure and the edge environment. Furthermore, managed services play a significant role in ensuring the ongoing smooth operation of edge computing deployments. These services encompass monitoring, maintenance, and support for the edge infrastructure, as well as managing software updates, security patches, and performance optimization. Managed services relieve organizations of the complexities associated with managing distributed edge environments and enable them to focus on their core competencies. And then the training and education services contribute to the growth of the edge computing market. These services provide organizations with the knowledge and skills required to operate and manage edge computing solutions effectively. Training programs may cover topics such as edge architecture, edge analytics, security practices, and data governance, empowering businesses to derive maximum value from their edge deployments.Summarily, the services segment in the edge computing market is vital for supporting organizations throughout their edge computing journey, encompassing consulting, integration, deployment, managed services, and training. These services enable businesses to overcome implementation challenges, optimize performance, and achieve the desired business outcomes from their edge computing initiatives. By application, AR & VR segment to exhibit decent growth during the forecast period
AR is more common and has more practical applications.The technology behind AR requires devices to process visual data and represent visual elements in real time.
Without the edge technology, these visual elements need to send back to the centralized data centers, where these elements can be added before sending it back to that device.This arrangement will offer significant latency.
Edge technology will enable IoT devices to integrate AR displays instantly, enabling users to look and take in new AR details without much loading time.AR devices have applications beyond entertaining applications, such as retail, where it is being utilized to display product information.
Thus, edge architecture will play a vital role in providing these applications with minimal latency. AR is an extremely complex technology. The device must understand data from multiple sensors to react in a real-time environment. Edge infrastructure enables these devices to react in real-time immediately, without delay in data transfer speed. Thus, edge technology will introduce speed and accuracy to make these devices more accurate across applications. By vertical, government and defense vertical to grow significantly during the forecast period
Growing expectations from citizens and dropping budgets during the global financial crisis are limiting the ability of policymakers, administrators, and key decision-makers to meet the citizens needs.To aptly serve the needs of citizens, government agencies must advance and expand the deployment of advanced technologies for the development of infrastructure for smart cities, such as traffic monitoring, parking management, and waste management.
Government agencies are increasingly infusing edge computing in their IT infrastructure to gain greater data visibility in far-flung locations and achieve faster data analysis.This enables them to identify assets at greater risk and explore new mission scenarios for minimizing loss and optimizing efficiency.
For instance, the US Air Force deployed Dell and Microsofts cloud and edge computing solutions and saved USD 1 million in weekly tanker refuelling costs. US Marine and other special forces also use such applications to achieve situational awareness.
Latin American region is showing promising growth in the edge computing market during the forecast period in 2023
Companies in the region are focusing on providing better services and establishing communications withtheir customers. Owing to low-cost software requirements and various cloud computing benefits, such as easy adaptability, multitenancy, and a high degree of abstraction, various companies across Latin America have adopted cloud computing technology. However, with the peaking data volumes, Latin American companies are expected to adopt edge computing to eliminate network congestion issues and data loss risks. Cloud computing addresses inefficiencies by flattening peak loads and optimizing data centers, and edge computing add to the benefits by providing low latency connectivity and high bandwidth for data transmission. Owing to the proliferation of 5G, data-driven enterprises would demand quick and real-time access to data; hence, edge computing is expected to grow in this region.
In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews were conducted with the key people.
The breakup of the profiles of the primary participants is as follows: By Company Type: Tier I: 35%, Tier II: 25%, and Tier III: 40% By Designation: C-Level: 25%, D-Level: 30%, and Others: 45% By Region: North America: 42%, Europe: 25%, APAC: 18%, Row: 15%
The report profiles the following key vendors:Cisco (US), AWS (US), Dell Technologies (US), Google (US), HPE (US), Huawei (China), IBM (US), Intel (US), Litmus Automation (US), Microsoft (US), Nokia (Finland), ADLINK (Taiwan), Axellio (US), Capgemini (France), ClearBlade (US), Digi International (US), Fastly (US), StackPath (US), Vapor IO (US), GE Digital (US), Moxa (Taiwan), Sierra Wireless (Canada), Juniper Networks (US), EdgeConnex (US), Belden (US), Saguna Networks (Israel), Edge Intelligence (US), Edgeworx (US), Sunlight.io (UK), Mutable (US), Hivecell (US), Section (US), EdgeIQ (US).
Research CoverageThe report segments the edge computing market by the component segment which includes software, hardware, and services.
Based on the application, the market is segmented into smart cities, Industrial Internet of Things (IIoT), remote monitoring, content delivery, Augmented Reality (AR) and Virtual Reality (VR), and other applications (autonomous vehicles, drones, and gaming).
The market is also segmented based on organization sizes as small and medium-sized enterprises and large enterprises.
Different verticals using edge computing solutions include manufacturing, energy and utilities, government and defense, healthcare and life sciences, media and entertainment, retail and consumer goods, telecommunications, transportation and logistics, and other verticals (education and BFSI).
The geographic analysis of the edge computing market is spread across five major regions: North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Key Benefits of Buying the Report The report will help the market leaders/new entrants in the edge computing market with information on the closest approximations of the revenue numbers for the overall edge computing market and the subsegments across regions. The report provides the impact of recession on the aforesaid market, among top vendors worldwide, along with figures which are the closest approximations, estimated and projected. The report will help stakeholders understand the competitive landscape and gain more insights to better position their businesses and to plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities. It would help stakeholders understand the market dynamics better, their competitors better and gain more insights to uplift their positions in the market. The competitive landscape section includes a competitor ecosystem, market diversification parameters such as new product launch, product enhancement, partnerships, agreement, integration, collaborations, and acquisitions. The Market quadrant of edge computing vendors have been precisely incorporated as a figure which helps readers understand market players categorization and their performance. In-depth exhaustive assessment of market shares, growth strategies and service offerings of leading players in the edge computing market strategies. The report also helps stakeholders understand the competitive analysis by these market players via competitive benchmarking tables.Read the full report: https://www.reportlinker.com/p05181598/?utm_source=GNW
About ReportlinkerReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place.
__________________________
Story continues
- 5 Questions Schools Should Ask Before Selecting a Cloud Security Platform - EdTech Magazine: Focus on K-12 - December 8th, 2023 [December 8th, 2023]
- Marvell Extends Connectivity Leadership for Accelerated Computing With Two Cloud-Optimized PAM4 Optical DSPs - PR Newswire - December 8th, 2023 [December 8th, 2023]
- Commission green lights state-aid partnership for cloud computing - Research Professional News - December 8th, 2023 [December 8th, 2023]
- EU approves 1.2 billion to boost local cloud - Computing - December 8th, 2023 [December 8th, 2023]
- How organizations can learn from cloud security breaches - TechTarget - December 8th, 2023 [December 8th, 2023]
- EU provides 1.2 billion euros for European cloud computing project - Notebookcheck.net - December 8th, 2023 [December 8th, 2023]
- Highlights from Gartner IT IOCS Conference 2023, Las Vegas - Gartner - December 8th, 2023 [December 8th, 2023]
- The EU just launched a 1.2 billion cloud project to crack US dominance - ITPro - December 8th, 2023 [December 8th, 2023]
- CoreWeave backed by Fidelity and Jane Street at $7 billion valuation as cloud provider bolsters status as one of AIs hottest startups - Fortune - December 8th, 2023 [December 8th, 2023]
- Insurtechs using AI, ML and cloud computing. - Digital Insurance - December 8th, 2023 [December 8th, 2023]
- Broadcom to divest VMware's end-user computing and Carbon Black units - The Register - December 8th, 2023 [December 8th, 2023]
- Australia building 'top secret' cloud to catch up and link with US, UK intel orgs - The Register - December 8th, 2023 [December 8th, 2023]
- CORRECTION-Nvidia in talks with Malaysia's YTL on data center deal- sources - Yahoo Eurosport UK - December 8th, 2023 [December 8th, 2023]
- NCS announces strategic partnership with Google Cloud to accelerate digital transformation in Asia Pacific, ETCIO SEA - ETCIO South East Asia - December 8th, 2023 [December 8th, 2023]
- McDonald's and Google Cloud Announce Strategic Partnership to Connect Latest Cloud Technology and Apply ... - PR Newswire - December 8th, 2023 [December 8th, 2023]
- Computing Power Market Revenue to Total USD 81.3 Billion by 2032 | Growing Investments In Data Centers - GlobeNewswire - December 8th, 2023 [December 8th, 2023]
- Aqua Security on how to navigate the Cloud's complexities - IT Brief Australia - December 8th, 2023 [December 8th, 2023]
- NCS partners with Google Cloud in Australia and Singapore - Channel Asia Singapore - December 8th, 2023 [December 8th, 2023]
- GigaIOs SuperNODE to Power TensorWave Deployment with AMD MI300X - High-Performance Computing News ... - insideHPC - December 8th, 2023 [December 8th, 2023]
- This $500 device lets you easily build your own Cloud Server instead of paying Google, Microsoft, or Amazon - Yanko Design - December 8th, 2023 [December 8th, 2023]
- What's Going On With Alibaba Cloud? - The Motley Fool - November 26th, 2023 [November 26th, 2023]
- China's Alibaba shakes up cloud unit management after scrapping the division's IPO - CNBC - November 26th, 2023 [November 26th, 2023]
- Five things to look for at AWS re:Invent 2023 - SiliconANGLE News - November 26th, 2023 [November 26th, 2023]
- Broadcom completes its $61 billion acquisition of VMware - Times of India - November 26th, 2023 [November 26th, 2023]
- On the Rise: The Top 3 Cloud Computing Stocks to Watch - Nasdaq - November 26th, 2023 [November 26th, 2023]
- What You Need to Know About Hybrid Cloud Computing - What You ... - InformationWeek - November 26th, 2023 [November 26th, 2023]
- Microsoft to invest $500 million to expand hyperscale cloud computing and AI in Quebec - MarketWatch - November 26th, 2023 [November 26th, 2023]
- Service Included, FinOps Foundation Counts Cost Of Cloud - Forbes - November 26th, 2023 [November 26th, 2023]
- Microsoft Unveils Azure Custom Chips: Revolutionizing Cloud Computing and AI Capabilities - MarkTechPost - November 26th, 2023 [November 26th, 2023]
- Why 2023 Became the Year of Next-Level Technology Value - Medium - November 26th, 2023 [November 26th, 2023]
- Edge vs Cloud or Edge plus Cloud: What is the way forward? - Express Computer - November 26th, 2023 [November 26th, 2023]
- eSurfing Cloud Launches the WisHub One-Stop Intelligent ... - PR Newswire - November 26th, 2023 [November 26th, 2023]
- Predictive Maintenance (PdM) Market to grow by USD 16.57 billion growth between 2022 - 2027 | Growth Driven by Increased adoption of advanced... - November 26th, 2023 [November 26th, 2023]
- Udemy Partners with Google Cloud as Inaugural Member of its New ... - AiThority - November 26th, 2023 [November 26th, 2023]
- AWS and DXC Technology Strengthen Alliance for Cutting-Edge ... - Read IT Quik - November 26th, 2023 [November 26th, 2023]
- Windows-as-an-app is coming - Computerworld - November 26th, 2023 [November 26th, 2023]
- 2 Soaring Stocks I'd Buy Now With No Hesitation - The Motley Fool - November 26th, 2023 [November 26th, 2023]
- ZTE holds Core Network User Congress in Thailand, driving digital ... - ZTE - November 26th, 2023 [November 26th, 2023]
- Mercedes F1 accelerates AI adoption in off-track IT transformation ... - ITPro - November 26th, 2023 [November 26th, 2023]
- Amazon wants to train millions of people in basic AI skills - TechRadar - November 26th, 2023 [November 26th, 2023]
- US grid rules preclude reliability, security benefits of cloud ... - Utility Dive - November 17th, 2023 [November 17th, 2023]
- Udemy Partners with Google Cloud as Inaugural Member of its New Cloud Endorsed Content Program - Yahoo Finance - November 17th, 2023 [November 17th, 2023]
- Google Cloud certifications nab highest-paying IT jobs - InfoWorld - November 17th, 2023 [November 17th, 2023]
- Nearly a quarter of businesses are losing more than 100,000 a ... - CloudTech News - November 17th, 2023 [November 17th, 2023]
- Cloud Security Alliance announces new zero-trust security credential - CSO Online - November 17th, 2023 [November 17th, 2023]
- Cloud Computing Market size to reach USD 2,495.2 billion by 2032 according to a new research report - WhaTech Technology and Markets News - November 17th, 2023 [November 17th, 2023]
- Vultr and Rescale Advance High-Performance Computing to Accelerate Engineering Innovation Worldwide - Yahoo Finance - November 17th, 2023 [November 17th, 2023]
- Cloudsky Showcases Breakthroughs in Cloud Computing at 2023 ... - PR Newswire - November 17th, 2023 [November 17th, 2023]
- Edenor reduces outages using cloud computing technology - Utility Week - November 17th, 2023 [November 17th, 2023]
- Software Growth Stocks: Consumption-Based Pricing Back In The ... - Investor's Business Daily - November 17th, 2023 [November 17th, 2023]
- High Availability Server Market to Cross USD 27.30 Billion in 2030 Driven by Rising Dependence on Digital Infrastructure and Surge in Cloud Computing... - November 17th, 2023 [November 17th, 2023]
- Micro Data Centers Market to Reach US$ 33.4 Billion by 2030, Driven by Growing Demand for Edge Computing and Cloud-Based Applications | According to... - November 17th, 2023 [November 17th, 2023]
- The 10 Coolest AI Tools And GenAI Products Of 2023 - CRN - November 17th, 2023 [November 17th, 2023]
- Civo CEO on free credits, egress fees, and hauling it all back on-prem - The Register - November 17th, 2023 [November 17th, 2023]
- Tech Headlines of the Week: Data Breaches, Microsoft's AI ... - Techopedia - November 17th, 2023 [November 17th, 2023]
- Vultr Announces Addition of NVIDIA GH200 Grace Hopper ... - Business Wire - November 17th, 2023 [November 17th, 2023]
- Proposed Rules Overhaul Cybersecurity Requirements for ... - JD Supra - November 17th, 2023 [November 17th, 2023]
- The #CloudExit Movement And What It Means For Amazon Stock ... - Seeking Alpha - November 17th, 2023 [November 17th, 2023]
- Nasdaq Completes Migration of Third US Market to AWS - Markets Media - November 17th, 2023 [November 17th, 2023]
- CSIT and Google Cloud partner to pilot sovereign cloud solution in ... - ETCIO South East Asia - November 17th, 2023 [November 17th, 2023]
- Qualcomm Cloud AI 100 Now Available in the Cirrascale AI ... - HPCwire - November 15th, 2023 [November 15th, 2023]
- ZTE and Computer Union join forces on cutting-edge IT solutions in ... - ZTE - November 15th, 2023 [November 15th, 2023]
- VAI Resort Taps Oracle Cloud to Deliver Rock-Star Guest Experiences - Oracle - November 15th, 2023 [November 15th, 2023]
- Oracle Helps Healthcare Organizations Improve Inventory ... - Oracle - November 15th, 2023 [November 15th, 2023]
- Paraverse Technology Releases Groundbreaking White Paper on Decentralized Operations and Trading Platforms for 3D Digital Assets - Yahoo Finance - November 15th, 2023 [November 15th, 2023]
- How to Leverage New Age Cloud Technologies for Business - Analytics Insight - November 15th, 2023 [November 15th, 2023]
- Cloud to help realise smarter AI-powered digital twins - FutureIoT - November 15th, 2023 [November 15th, 2023]
- NTT Beats New Drum To Bring Photonics-Powered AI To Industry - Forbes - November 15th, 2023 [November 15th, 2023]
- Gartner: Modernising legacy applications for cloud-native success - ComputerWeekly.com - November 15th, 2023 [November 15th, 2023]
- Alibaba Cloud and United Women Singapore launch digital female ... - ETCIO South East Asia - November 15th, 2023 [November 15th, 2023]
- KBZ Bank Digitizes for Innovation and Scale with Oracle - Oracle - November 15th, 2023 [November 15th, 2023]
- Southeast Asia's digital battle: Chinese and U.S. Big Tech face off ... - Nikkei Asia - November 15th, 2023 [November 15th, 2023]
- Vietnam Cloud Based Infrastructure as a Service Markets, Competition, Forecast & Opportunities, 2028F: Government Initiatives and Increasing... - November 15th, 2023 [November 15th, 2023]
- Cloud to drive surge in European IT spending next year - ITPro - November 15th, 2023 [November 15th, 2023]
- Oak View Group Partners with Oracle to Supercharge Fan ... - Oracle - November 15th, 2023 [November 15th, 2023]
- Momentus Inc. Announces Third Quarter 2023 Financial Results - Daily Host News - November 15th, 2023 [November 15th, 2023]
- Community and Critical Access Hospitals Select Oracle Health ... - Oracle - November 15th, 2023 [November 15th, 2023]
- AiAdvertising Reports Third Quarter 2023 Financial Results - Daily Host News - November 15th, 2023 [November 15th, 2023]
- GIC chief says investors should prefer Big Tech to start-ups on AI - Financial Times - November 15th, 2023 [November 15th, 2023]
- Daniel Seybold, Author at The New Stack - The New Stack - November 15th, 2023 [November 15th, 2023]