Market Overview

Global Edge Computing Market 2018-2023: Market is Expected to Grow at a CAGR of 29.66% - ResearchAndMarkets.com

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The "Global
Edge Computing Market - Forecasts from 2018 to 2023"
report has
been added to ResearchAndMarkets.com's offering.

The global edge computing market was valued at US$975.735 million in
2017 and is expected to grow at a CAGR of 29.66% over the forecast
period to reach a market size of US$4,636.604 million in 2023.

The market growth of this technology is majorly attributed to increasing
penetration of Internet of Things (IoT) in many regions across the
globe. Increasing investments by major industry players into Internet of
Things in such regions is fuelling innovation and is accelerating the
process of development and commercialisation of a wider range of
connected products and solutions. Smart TVs, for instance, are
witnessing an impressive year-on-year increase in adoption on account of
rising disposable incomes and changing lifestyles across the regions.

Gaming consoles are also witnessing rapid adoption as game developers
continue to integrate technologies like Virtual Reality, Augmented
Reality and others into their offerings to enhance customer experience.
Increasing focus of customers towards offering advanced connected
solutions with minimum latency is steering them towards newer
technologies like edge computing which is driving their market growth.

Rising concerns regarding data security are further steering many
industry players towards edge computing which allows them to keep data
near to source, thus minimising the risks of data theft while data
travels from host to remote servers and back to host. This is driving
the growth of edge computing market.

Increasing investments by major industry players into Artificial
Intelligence (AI) has been another major contributing factor for the
growth of this market. In order to strengthen the growth of technologies
like Natural Language Processing, Context-Aware computing and many
others under this umbrella is drifting them towards edge computing which
offers numerous benefits that support the growth of these technologies.
This is boosting the growth of this market. The growth of this market
will continue to remain strong as many industry players are coming
together in order to tap the complete potential of this technology.

For instance, OpenFog is a consortium whose members include companies
like arm, Cisco, Dell, Intel, Microsoft, Toshiba, Princeton University,
Foxconn, General Electric, Hitachi, Ltd., Verizon Communications and
SAKURA internet, along with some universities like ShanghaiTech
University, Purdue University, and National Chiao Tung University among
others. As these stakeholders continue to join forces and fuel
innovation through the power of synergies, the market is anticipated to
witness a solid growth over the projected period.

Key Topics Covered:

1. Introduction

2. Research Methodology

3. Executive Summary

4. Market Dynamics

5. Global Edge Computing Market Forecast By Product Offerings (US$
Billion)

6. Global Edge Computing Market Forecast By End-User Industry (US$
Billion)

7. Global Edge Computing Market Forecast By Geography (US$ Billion)

8. Competitive Intelligence

9. Company Profiles

  • Amazon
  • Microsoft
  • IBM
  • Google Inc.
  • Cisco Systems
  • AT&T
  • Oracle
  • Schneider Electric
  • Siemens
  • Huawei
  • ADLINK Technology
  • Intel Corporation
  • Qualcomm
  • General Electric
  • Packet
For more information about this report visit https://www.researchandmarkets.com/research/7845s7/global_global?w=4

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