Dublin, May 23, 2023 (GLOBE NEWSWIRE) -- The "Global Edge Computing Technology Market: Trends and Forecast to 2027" report has been added to ResearchAndMarkets.com's offering.

This report studies the global as well as regional markets for edge computing technologies, identifying newer markets and exploring the expansion of the current application market for various end-users.

A realistic five-year forecast has been made for the future global markets for different types of components in edge computing. The end uses for edge computing are discussed to establish global as well as regional usage. A future forecast has been made for all end-user industries.

Before the concept of a centralized data processing architecture dependent on a cloud data center, much of the processing occurred locally. This method was more expensive and less flexible than cloud computing, but local processing provided faster response time and more computing power close to the application, enabling solid performance.

With the move to cloud computing, most of the processing occurs at the data center, requiring the data to traverse multiple network interconnection points. These hops between internet nodes and gateways can lead to significant bottlenecks that increase latency, delaying application performance.

As the current generation of applications, including big data analytics, cognitive computing, and the Internet of Things, requires high bandwidth and low latency, the cloud model is causing performance degradation. Edge computing uses a new architecture to stage processing for part of the application workload closer to the user. Enabled by cloud technologies, edge computing provides local scaled-down network nodes and mini-data centers that can be deployed within a distributed infrastructure. The goal is to improve application performance without incurring the cost and inflexibility of local processing.

The market drivers of edge computing are creating new installations of software, hardware, and network technologies at the edge of the network, resulting in a market of nearly $41.4 billion in 2021, growing to $124.7 billion in 2027 at a CAGR of 21.9% during the period 2022-2027.

In terms of industry, the healthcare and life sciences segment is expected to see significant growth in the edge computing market, driven by the need for real-time data processing and analysis in areas such as remote patient monitoring and telemedicine. The manufacturing industry is also expected to be a major contributor to the growth of the edge computing market, as companies look for ways to improve their supply chain management and manufacturing processes.

In terms of geographical regions, North America is currently the largest market for edge computing, with the U.S. accounting for most of the market share. North America leads the edge computing market with a nearly $18.6 billion segment value in 2021 and a CAGR of 22.4%. However, the Asia-Pacific region is expected to see the highest growth over the next few years, driven by the increasing adoption of IoT devices and the rollout of 5G networks in countries such as China and South Korea. The Asia-Pacific has invested in edge computing and is quickly picking up the pace with a CAGR of 24.8% to achieve $27.8 billion by 2027. Coinciding with the adoption of software-defined technologies, edge computing in Asia is advancing ahead of Europe.

Overall, the edge computing market is experiencing strong growth and is expected to continue to expand rapidly in the coming years as more businesses adopt edge computing technologies to improve their data processing and analysis capabilities.

Market Dynamics

Market Drivers

Market Restraints

Market Challenges

Market Opportunities

Report Includes

Key Attributes:

Report AttributeDetails
No. of Pages180
Forecast Period2022 - 2027
Estimated Market Value (USD) in 2022$46.3 Billion
Forecasted Market Value (USD) by 2027$124.7 Billion
Compound Annual Growth Rate21.9%
Regions CoveredGlobal


Key Topics Covered:

Chapter 1 Introduction

Chapter 2 Summary and Highlights

Chapter 3 Market and Technology Background

Chapter 4 Market Dynamics

Chapter 5 Market Breakdown by Business Segment

Chapter 6 Market Breakdown by Industry

Chapter 7 Market Breakdown by Region

Chapter 8 Patent Analysis

Chapter 9 Competitive Landscape

Chapter 10 M&A and Funding Outlook

Chapter 11 Company Profiles

Companies Mentioned



For more information about this report visit https://www.researchandmarkets.com/r/cvkym8

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