Edge Computing Market will reach $ 60 billion by 2030: Global Market Insights Inc.

Global Market Insights, Inc.

Global Market Insights, Inc.

Key computer market participants are ADLINK Technologies, Amazon Web Services, Cisco Systems, ClearBlade, Cloudera, Dell Technologies, Google, LLC, Hitachi Vantara Corporation (Hitachi, Ltd.), Hewlett Packard Enterprise Company, Huawei Technologies, IBM Corporation, Intel Corporation. , Microsoft Corporation, Nutanix, Oracle Corporation among others.

Selbyville, Delaware, June 7, 2022 (GLOBE NEWSWIRE)

Edge Computing Market is expected to exceed $ 60 billion by 2030, according to the recent research study by Global Market Insights Inc.

Ongoing government initiatives to support the acceptance of cloud computing technology are driving the market growth. Governments in various countries, such as India, China, the United States and the United Kingdom, are embracing cloud technology to expand their e-government initiatives.

The support and maintenance service segment accounted for about 60% of the marginal computing market share in 2021. The growth is driven by the growing need to manage and control the network infrastructure. Maintenance and support services help providers and enterprise customers upgrade, consolidate, and build dynamic networks to access edge solutions. It also helps businesses provide fast remote responses to minimize network disruptions.

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The remote monitoring sector is expected to show more than 25% growth between 2022 and 2030 credited to the growing instances of cyber attacks. Moreover, the desire to manage connected devices creates ample growth opportunities for the edge computing market.

The large corporate market dominated with an 80% revenue share in 2021. These businesses also witness online complexities and security concerns. In response, they are deploying advanced computing solutions to ensure robustness during network operations to help identify potential threats and mitigate the risks that affect business productivity.

The BFSI industry is projected to achieve almost 25% gains during 2022-2030 attributed to digitization across the sector. Banking and financial service providers across the industry are expanding their networks to gain potential customers. Companies must also deliver personalized services using advanced technologies to serve all affiliate sites. Financial institutions can take advantage of advanced computing solutions to extend the existing infrastructure between administrative buildings and corporate branches.

It is estimated that Europe’s edge computing market is booming exponentially due to the growing adoption of high-tech technologies and growing demand for 5G networks. The penetration of 5G services and the growing remote workforce are driving the demand for NAC solutions.

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Companies operating in the market are developing advanced computing solutions and services for their customers. For example, in January 2022, NTT Communication Corp. launched the SDPF edge. It is an edge computing service available for a monthly fee on NTT’s smart data platform. It is specially designed for the manufacturing industry. It consists of various advanced functions such as control and decision making, reduction of communication volume, efficient management of collaborative tasks and optimized use of data.

Some of the main findings of the margin computing report include:

  • Advances in technologies such as IoT, cloud computing, 4G and 5G, are expected to support market expansion.

  • Rapidly evolving BYOD trends and connected devices across industrial verticals provide significant growth opportunities.

  • The Europe region is driven by the increasing use of the hybrid cloud environment.

  • Major players operating in the edge computing market include ADLINK Technologies, Inc., Amazon Web Services, Inc. (Amazon.com, Inc.), Cisco Systems, Inc., ClearBlade, Inc., Cloudera, Inc., Dell Technologies, Inc. ., Google LLC, Hitachi Vantara Corporation (Hitachi, Ltd.), Hewlett Packard Enterprise Company, and Huawei Technologies Co., Ltd.

  • Companies operating in the marketplace are developing advanced computing platforms to provide enhanced online visibility and enhanced customer experiences.

Partial Content (ToC) of the report
Chapter 3 Edge Computing Industry Insights

3.1 Introduction
3.2 Impact of COVID-19 explosion
3.3 Impact of Russia-Ukraine war
3.4 Edge computing architecture
3.5 Analysis of ecosystem computer edge
3.6 Technology and innovative landscape
3.7 Patent analysis
3.8 Investment portfolio
3.9 Regulatory landscape
3.10 Industry Efforts
3.10.1 Growth drivers
3.10.1.1 Increasing adoption of IoT devices across various end-use verticals
3.10.1.2 Rising investment in 5G network
3.10.1.3 Rising adoption of autonomous vehicles
3.10.1.4 Strong government support to promote cloud adoption
3.10.1.5 Growing popularity of private networks
3.10.2 Industry Heads and Challenges
3.11 Analysis of growth potential
3.12 Porter analysis
3.13 PESTEL analysis
Browse Complete Table of Contents (ToC) @ https://www.gminsights.com/toc/detail/edge-computing-market

About Global Market Insights Inc.

Global Market Insights Inc., headquartered in Delaware, USA, is a global market research and consulting service provider, offering syndicated and custom research reports along with growing consulting services. Our business intelligence and industry research reports provide clients with insightful insights and easy-to-use market data specially designed and presented to help make a strategic decision. These in-depth reports are designed using proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

CONTACT: Contact Us: Arun Hegde Corporate Sales, USA Global Market Insights Inc. Phone: 1-302-846-7766 Toll Free: 1-888-689-0688 Email: sales@gminsights.com

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