Edge Computing Market 2020-2024 | Rising Demand For Decentralized Computing to Boost Growth | Technavio
Technavio has been monitoring the edge computing market and it is poised to grow by $ 9,143.40 million during 2020-2024, progressing at a CAGR of over 32% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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Technavio has announced its latest market research report titled Global Edge Computing Market 2020-2024 (Graphic: Business Wire)
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Request for Technavio's latest reports on directly and indirectly impacted markets. Market estimates include pre- and post-COVID-19 impact on the Edge Computing Market Download free sample report
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Cisco Systems (News - Alert) Inc., Dell Technologies Inc., Hewlett Packard Enterprise Co., Huawei Investment & Holding Co. Ltd., Intel Corp., International Business Machines Corp., Microsoft Corp., Nokia Corp., NVIDIA (News - Alert) Corp., and Schneider Electric SE are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
Rising demand for decentralized computing to reduce latency in decision making has been instrumental in driving the growth of the market. However, competition from low-cost centralized and general-purpose computing infrastructure might hamper market growth.
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Edge Computing Market 2020-2024: Segmentatio
Edge Computing Market is segmented as below:
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Edge Computing Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our edge computing market report covers the following areas:
This study identifies the advent of integrated Industry 4.0 with IoT as one of the prime reasons driving the edge computing market growth during the next few years.
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Edge Computing Market 2020-2024 : Key Highlights
Table of Contents:
Five Forces Analysis
Market Segmentation by End-user
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