World Edge Computing Market to Post 35.4% CAGR to 2022, Says M&M in Its New Report Published at MarketPublishers.com21 Nov 2017 • by Natalie Aster
LONDON – Over the forecast period the world’s edge computing market will likely see tremendous growth. It is predicted to rise from USD 1.47 billion in 2017 to 6.72 billion in 2022, registering a colossal 35.4% CAGR during the projected period.
The key factors fueling growth of the market is the surging uptake of IoT technologies and the rising proliferation of intelligent apps that need low latency. At the same time, security concerns will likely limit the growth of the sector during the forecast period.
With respect to applications, smart cities segment is set to grab the lion’s market share over the projected period, gaining traction across the leading geographies. The SMEs segment is poised to see a higher CAGR through to 2022. SMEs are itching to adopt cutting-edge IT technologies like edge analytics to stand up to market competition.
North America captures the largest market share as of 2017, whilst APAC sees the fastest growth in terms of CAGR.
Cisco Systems, Nokia Networks, Huawei, Juniper Networks, Dell, FogHorn Systems, Vasona Networks, MachineShop Inc., Vapor IO, Xiotech, Aricent, and ADLINK Technology, among others, are the leading players in the marketplace.
New research publication “Edge Computing Market - Global Forecast to 2022” drawn up by M&M offers an extensive, unbiased assessment of the market landscape globally.
The study categorises the market based on component, organization size, application, vertical, and based on region. The report offers granular revenue figures for the overall market and its subsegments; the market numbers are further broken down across various verticals and regions. It examines the market historical and current performance; canvasses the market dynamics covering key market growth factors, challenges and opportunities; provides market shares and growth rates, identifies the high-growth regions and segments. The report gives an insightful overview of the competitive scenario, includes company profiles of the top market players, and also provides detailed forecasts of the world edge computing market.
Visit M&M online page at MarketPublishers.com to find a full collection of the publisher’s research reports.