According to IMARC Group’s latest report, titled “Edge Computing Market Report: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,” the global edge computing market exhibited robust growth during 2015-2020. Looking forward, the market is expected to grow at a CAGR of 30% during 2021-2026.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Edge computing refers to the computing infrastructures that transfer different processes from the cloud to local devices, such as a user’s computer, an edge server, Internet-of-Things (IoT)-based devices, etc. It reduces the operational latency caused by long-distance communication between the client and the server, thereby improving the efficiency of the process. Consequently, numerous organizations opt for edge computing owing to its controlled bandwidth requirement, reduced operational costs, limited server resources, etc.
Request Free Sample Report:
https://www.imarcgroup.com/edge-computing-market/requestsample
Market Trends
The growing incorporation of IoT and associated devices to enhance connectivity and transfer data to and from the cloud is primarily driving the edge computing market. Additionally, several telecom companies across the globe are adopting multi-access edge computing (MEC) to improve application performance and reduce network congestion, which is further propelling the product demand. Apart from this, the emergence of faster networking technologies, such as 5G wireless, is further augmenting the application of edge computing systems in artificial intelligence (AI), video processing and analytics, autonomous vehicles, robotics, etc. Furthermore, the sudden outbreak of the COVID-19 pandemic is encouraging the utilization of these solutions by various organizations owing to the rising number of employees working from home. This is further expected to catalyze the edge computing market in the coming years.
Ask Analyst and Browse Full Report with TOC & List of Figure: https://www.imarcgroup.com/edge-computing-market
List of Key Companies Covered in this Market Report:
The report has segmented the market on the basis of component, organization size, vertical and geography.
Breakup by Component:
Breakup by Organization Size:
Breakup by Vertical:
Breakup by Geography:
Also read latest blog Top E-Commerce Companies
Key highlights of the report:
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
Related Report by IMARC Group:
Data Converter Market Report: https://www.imarcgroup.com/data-converter-market
Data Center Construction Market Report: https://www.imarcgroup.com/data-center-construction-market
Data Center Fabric Market Report: https://www.imarcgroup.com/data-centre-fabric-market
Artificial Intelligence Market Report: https://www.imarcgroup.com/artifical-intelligence-market
Business Analytics Market Report: https://www.imarcgroup.com/business-analytics-market
Messaging Security Market Report: https://www.imarcgroup.com/messaging-security-market
BPO Business Analytics Market Report: https://www.imarcgroup.com/bpo-business-analytics-market
Payroll Outsourcing Market Report: https://www.imarcgroup.com/payroll-outsourcing-market
Project Portfolio Management Market Report: https://www.imarcgroup.com/project-portfolio-management-market
Enterprise Resource Planning (ERP) Market Report: https://www.imarcgroup.com/enterprise-resource-planning-market
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.