Latest News- Edge Computing Market: Industrial manufacturing is expected to lead the End-user segment during 2025-2029

The Edge Computing Market is being driven by Rising demand for decentralized computing to reduce latency in decision making

The Edge Computing Market is expected to grow at a CAGR of 37.4% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 29408.7 million. In the industrial sector, Industry 4.0 signifies the integration of connected automation systems and advanced technologies, such as cyber-physical systems, IoT devices, cloud computing, and cognitive computing. These technologies facilitate large-scale automation in factories by enabling machine-to-machine communication (Machine interconnection) and the collection of massive data (Big Data) from various sensors and instrumentation devices. The adoption of Industry 4.0 principles is anticipated to significantly impact the demand for edge computing, as real-time data processing becomes essential for optimizing manufacturing processes and enhancing operational efficiency. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• End-user
  • Industrial manufacturing
  • Telecom
  • Mobility
  • Government
  • Others
• Component
  • Hardware
  • Software
  • Services
  • Edge-managed platforms
• Type
  • Small and medium-sized enterprises (SMEs)
  • Large enterprises
  • Others
• Application
  • IoT applications
  • Robotics and automation
  • Predictive maintenance
  • Remote monitoring
  • Others
• Geography
  • North America
    • Canada
    • US
  • Europe
    • Germany
    • UK
    • France
    • Italy
  • APAC
    • China
    • India
    • Japan
  • South America
    • Brazil
    • Argentina
  • Middle East and Africa
    • Egypt

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Rising demand for decentralized computing to reduce latency in decision making
• Growing limitations of front-end devices
• Optimizing network traffic for sustainable energy usage

However, the market also witnesses some limitations, which are as follows:

• Competition from low-cost centralized computing infrastructure
• Data privacy and security concerns
• Difficulty in monitoring edge data centers across multiple locations

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Market Scope in Edge Computing Market Research Report

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Research Analysis Overview

The Edge Computing Market encompasses technologies and services related to Network Edge, Distributed Computing, Decentralized Computing, Cloud-Native Edge, Orchestration of Edge-to-Cloud, Security for Edge-to-Cloud, Analytics at the Edge, Micro-data Centers, Edge Data Centers, Data Storage and Caching at the Edge, Data Aggregation and Synchronization, Containerization at the Edge, Serverless Computing at the Edge, Blockchain at the Edge, Cybersecurity, Privacy, Compliance, Governance, Automation, Monitoring, Performance Optimization, Resource Management, Capacity Planning, Developer Tools, APIs, Simulation, Testing, Interoperability, and Standards Bodies and Industry Consortiums. These technologies aim to process data and applications closer to the source, reducing latency and improving efficiency in data processing.

Market Research Overview

The Edge Computing Market, as identified by Technavio, is a segment of the broader Global Technology Hardware, Storage, and Peripherals Market, encompassing manufacturers of edge devices, edge servers, edge gateways, and edge computing platforms. This market is a significant component of the larger Global Information Technology Market. The Global Technology Hardware, Storage, and Peripherals Market encompasses the sales revenue of various hardware devices, equipment, and components, including cellular phones, personal computers, servers, electronic computer components, peripherals, data storage components, motherboards, audio and video cards, monitors, keyboards, printers, and other peripherals. The expansion of the Global Technology Hardware, Storage, and Peripherals Market will be fueled by the increasing volume, velocity, veracity, and variety (4Vs) of data, necessitating advanced data storage solutions. The burgeoning demand for data centers is a primary driver for this trend.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
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