The latest market publication titled Edge Computing Market Analysis and Forecast by Region, IT Infrastructure, Application, Vertical and Employee Size Band, 2022-2026 has been added to the report store by GlobalData Plc. The edge computing market valuation was estimated at USD 9.7 billion in 2021 and the market is anticipated to witness an accelerating growth momentum at a CAGR of 16.6% during the forecast period. The edge computing market growth will be primarily driven by the increasing adoption of the Internet of Things (IoT) and the surging popularity of 5G technology.
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5G and edge computing are highly synergistic. While 5G inherently provides better speeds, higher throughput, and lower latency than previous cellular generations, businesses will be able to better leverage these performance gains when edge processing is added. Furthermore, factors including network modernization, data sovereignty, and disruptions caused by COVID-19 have also propelled the IoT market growth during the forecast period. However, challenges including the lack of policies and regulations and data privacy and security concerns might limit the IoT market growth.
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IoT Market Segment Highlights
By IT infrastructure
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By Employee Size Band
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Edge Computing Market Vendor Landscape
Vendor strategies, solutions, business models, and partnerships are still in the early stages of development and are likely to undergo significant transformation as the market for edge computing evolves and matures. The report classifies the market players in the edge computing market as IT infrastructure vendors, telecom infrastructure vendors, cloud service providers, communications services providers, and system integrators. Companies offering edge computing hardware, software, and services are launching innovative solutions and services to stay in the mainstream. Furthermore, they are engaging in strategic partnerships to strengthen their dominant positions in the market.
Top Edge Computing Market Players
Other key players in the market include:
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