Edge Computing Technologies Market Report 2024 (Global Edition)

Global Edge Computing Technologies Market Report 2024 Market Size Split by Components (Hardware, Software, Services), by Organization Size (Large Enterprises, SMEs), by Application (Smart Cities, Indu...

Edge Computing Technologies Market Report Description

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Competitive Landscape of the Edge Computing Technologies Market

The competitive landscape of the edge computing technologies market is characterized by a broad range of players competing to gain market share through product innovation, strategic partnerships, and aggressive marketing efforts. Major players in the market account for a considerable share of the market and are concentrating on expanding their customer base across the world

Top Companies Market Share in Edge Computing Technologies Industry: (In no particular order of Rank)

• ABB
• Amazon Web Services (AWS) Inc
• Aricent Inc
• Atos
• Cisco Systems Inc
• General Electric Company
• Hewlett Packard Enterprise Development
• Honeywell International Inc
• Huawei Technologies Co Ltd
• IBM Corporation
• Intel Corporation
• Microsoft Corporation
• Rockwell Automation Inc
• SAP SE
• Siemens AG
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

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Regional Analysis of Edge Computing Technologies Market

Which Region Dominates the Edge Computing Technologies Market in 2024?

According to Cognitive Market Research, North America dominated the market in 2024 and accounted for around 40% of the global revenue. North America emerges as the dominant region in the edge computing technologies market owing to the strong presence of numerous major vendors, such as General Electric, Amazon Web Services (AWS), Inc., Hewlett Packard Enterprise Development LP, and SAP SE. These edge computing solution delivers are actively engaged in developing innovative and new solutions. The increasing need for edge computing solutions in wireless communication devices and high-speed communication is projected to accelerate the expansion of edge computing technology in the country.

Which Region is Expanding at the Fastest CAGR?

Asia Pacific stands out as the fastest-growing region in the edge computing technologies market due to the region's increasing focus on growing networking technology in the region. Furthermore, technology trends, including IIoT, Industry 4.0, and the introduce 5G network services, along with bolstering the connected devices ecosystem, has resulted in a considerable amount of data being generated, demanding the requirement for a robust computational infrastructure

The current report Scope analyzes Edge Computing Technologies Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Edge Computing Technologies

According to Cognitive Market Research, the global edge computing technologies market size was estimated at USD 11358.2 Million, out of which North America held the major market of more than 40% of the global revenue with a market size of USD 4543.28 million in 2024 and will grow at a compound annual growth rate (CAGR) of 36.2% from 2024 to 2031. In North America, the edge computing technologies market exhibits due to the region's owing to strong presence of various major vendors. These edge computing solution delivers are actively engaged in developing innovative and new solutions. The rising requirement for edge computing solutions in wireless communication devices and high-speed communication is projected to accelerate the expansion of edge computing technology in the country over the coming years. Additionally, there is an expansion in the production of IoT-connected devices across the globe. Enterprises need edge solutions to compute the data generated, allow quicker delivery of information, and improve customer experience. In conclusion, North America presents a lucrative market opportunity for edge computing technologies due to the existence of numerous significant manufacturers, & other necessary resources at a reasonable cost.

• According to Cognitive Market Research, the US had a major share in the edge computing technologies market, with a market size of USD 3584.65 million in 2024. The market is projected to grow at a CAGR of 36.0% during the forecast period. The demand is amplified by the nation's increasing demand for low-latency data processing and real-time analytics.
• The Canadian edge computing technologies market had a market share of USD 545.19 million in 2024 and is projected to grow at a CAGR of 37.0% during the forecast period. Introduction of innovative technology applications by Canadian companies.
• The Mexico edge computing technologies market is projected to witness growth at a CAGR of 36.7% during the forecast period, with a market size of USD 413.44 million in 2024

Europe Edge Computing Technologies

According to Cognitive Market Research,  the global edge computing technologies market size was estimated at USD 11358.2 Million, out of which Europe held the market of more than 30% of the global revenue with a market size of USD 3407.46 million in 2024 and will grow at a compound annual growth rate (CAGR) of 36.5% from 2024 to 2031. In Europe, the region's proliferation of IoT has shown a significant surge in data. Numerous industries in the region, including IT & Telecom, healthcare, transportation & logistics, retail, energy & utilities, etc., are creating lucrative opportunities for the market. Segmentation analysis further highlights the smart cities function effectively by deploying edge computing-enabled techniques, such as lot and 5G systems. Edge computing aids smart cities in comprehending advantages, such as minimizing transmission delays, allowing data centralization, and making better network resilience by empowering loT and 5G systems to work with better proficiency. In conclusion, Europe represents a lucrative market due to technological advancements and innovation.

• The United Kingdom's edge computing technologies market had a market share of USD 572.45 million in 2024 and is projected to grow at a CAGR of 37.3% during the forecast period. Edge computing technology sales in the UK are witnessing an upswing due to the nation's technological innovation and increasing consumer demand.
• The France edge computing technologies market is projected to witness growth at a CAGR of 35.7% during the forecast period with a market size of USD 313.49 million in 2024.
• According to Cognitive Market Research, the German edge computing technologies market was valued at USD 674.68 million in 2024 and is projected to grow at a CAGR of 36.7% during the forecast period. The edge computing technologies sector surged in Germany due to the presence of prominent market players.
• The Italian edge computing technologies market is projected to witness growth at a CAGR of 35.9% during the forecast period, with a market size of USD 293.04 million in 2024.
• The Russia edge computing technologies market is projected to grow at a CAGR of 35.5% during the forecast period, reaching USD 528.16 million in 2024.
• The Spanish edge computing technologies market is projected to witness growth at a CAGR of 35.6% during the forecast period, with a market size of USD 279.41 million in 2024.
• The Luxembourg edge computing technologies market is projected to witness growth at a CAGR of 36.6% during the forecast period, with a market size of USD 105.63 million in 2024.
• The Portugal edge computing technologies market is projected to witness growth at a CAGR of 36.3% during the forecast period, with a market size of USD 71.56 million in 2024.
• The Greece edge computing technologies market is projected to witness growth at a CAGR of 36.8% during the forecast period, with a market size of USD 40.89 million in 2024.
• Rest of Europe's edge computing technologies market is projected to witness growth at a CAGR of 35.2% during the forecast period, with a market size of USD 528.16 million in 2024
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Asia Pacific Edge Computing Technologies

According to Cognitive Market Research, the global Edge Computing Technologies market size was estimated at USD 11358.2 Million, out of which Asia Pacific held the market of around 23% of the global revenue with a market size of USD 2612.39 million in 2024 and will grow at a compound annual growth rate (CAGR) of 40.0% from 2024 to 2031. In the Asia Pacific region, the edge computing technologies market exhibits robust growth prospects driven by the rapid digitalization, creation of technologies, and development of connected devices across growing nations. In addition, the existence of prominent telecom players and increasing IT investments to deploy edge computing help regional expansion. Segmentation analysis reveals the growing adoption of connected devices. The emerging IoT trend improves the devices' capabilities, ultimately improving the need for real-time decision-making with reduced latency and accuracy. In conclusion, the Asia Pacific region offers immense expansion opportunities due to the immediate pace of technological innovation.

• According to Cognitive Market Research, the China edge computing technologies market size was valued at USD 1175.57 million in 2024 and is projected to grow at a CAGR of 39.5% during the forecast period. Edge computing technologies sales surged in China due to the nation's technological advancements.
• The Japan edge computing technologies market is projected to witness growth at a CAGR of 38.5% during the forecast period, with a market size of USD 360.51 million in 2024.
• The Indian edge computing technologies market had a market share of USD 313.49 million in 2024 and is projected to grow at a CAGR of 41.8% during the forecast period. India's presence of emerging and leading firms.
• The South Korean edge computing technologies market is projected to grow at a CAGR of 39.1% during the forecast period, reaching a market size of USD 261.24 million in 2024.
• The Australia edge computing technologies market is projected to witness growth at a CAGR of 39.7% during the forecast period with a market size of USD 135.84 million in 2024.
• The South East Asia edge computing technologies market is projected to witness growth at a CAGR of 41.0% during the forecast period, with a market size of USD 180.25 million in 2024.
• The Rest of Asia Pacific edge computing technologies market is projected to witness growth at a CAGR of 39.8% during the forecast period, with a market size of USD 185.48 million in 2024

South America Edge Computing Technologies

According to Cognitive Market Research, the global edge computing technologies market size was estimated at USD 11358.2 Million, out of which Latin America market of more than 5% of the global revenue with a market size of USD 567.91 million in 2024 and will grow at a compound annual growth rate (CAGR) of 37.4% from 2024 to 2031. In Latin America, the edge computing technologies market showcases promising growth prospects driven by the region's growing emphasis on integrating edge computing capabilities with IIoT devices and systems. This integration enhances the efficiency of industrial processes by enabling local data processing, analysis, and decision-making. It also helps in optimizing bandwidth usage and reducing the burden on central data centers. Segmentation analysis reveals that businesses are opting for vital hardware that is compact, has sufficient storage capacity, delivers a variety of connectivity choices to work over a wide power range, and also meets the need for which it is used. In conclusion, Latin America presents significant growth opportunities driven by the advancement in the latest technologies, such as IoT, AI, and AR/VR.

• According to Cognitive Market Research, the Brazil edge computing technologies market size was valued at USD 243.07 million in 2024 and is projected to grow at a CAGR of 38.0% during the forecast period. Edge computing technology sales flourish in Brazil due to the nation's ongoing research and development.
• The Argentina edge computing technologies market had a market share of USD 95.41 million in 2024 and is projected to grow at a CAGR of 38.3% during the forecast period. Argentina's assets are increasing, and government enterprises are supportive of the evolution of Internet infrastructure in the country.
• The Colombia edge computing technologies market is projected to witness growth at a CAGR of 37.2% during the forecast period, with a market size of USD 50.54 million in 2024.
• The Peru edge computing technologies market is projected to witness growth at a CAGR of 37.6% during the forecast period, with a market size of USD 46.57 million in 2024.
• The Chile edge computing technologies market is projected to witness growth at a CAGR of 37.7% during the forecast period, with a market size of USD 40.89 million in 2024.
• The Rest of Latin America's edge computing technologies market is projected to witness growth at a CAGR of 36.5% during the forecast period, with a market size of USD 91.43 million in 2024

Middle East and Africa Edge Computing Technologies

According to Cognitive Market Research, the global edge computing technologies market size was estimated at USD 11358.2 Million, out of which the Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 227.16 million in 2024 and will grow at a compound annual growth rate (CAGR) of 37.7% from 2024 to 2031. The MEA edge computing technologies market showcases promising growth prospects driven by the region's rising demand for low-latency processing, improved data security, and scalability in sectors like telecommunications, oil & gas, and manufacturing, fostering innovation and efficiency across diverse industries. Segmentation analysis reveals rising automation across industries with edge computing integration, which assists in reducing operational procedures. These technologies assist in removing communication and processing time intervals to drive real-time automation with minimal human intervention and labor agreements, which boosts the segment expansion. In conclusion, MEA presents significant growth opportunities for the edge computing technologies market due to the rising adoption of IoT across various industries.

• The GCC Countries' edge computing technologies market is projected to witness growth at a CAGR of 38.5% during the forecast period, with a market size of USD 97.23 million in 2024. Edge computing technology sales flourish due to the region's increasing adoption of innovative and advancing technologies.
• The Egypt edge computing technologies market is projected to witness growth at a CAGR of 38.0% during the forecast period, with a market size of USD 23.85 million in 2024.
• The South African edge computing technologies market is projected to grow at a CAGR of 38.7% during the forecast period, reaching a market size of USD 35.89 million in 2024. The region's technological advancements are expanding the market.
• The Turkey edge computing technologies market is projected to witness growth at a CAGR of 37.2% during the forecast period, with a market size of USD 19.54 million in 2024.
• The Nigeria edge computing technologies market is projected to witness growth at a CAGR of 36.8% during the forecast period, with a market size of USD 23.85 million in 2024.
• The Rest of MEA edge computing technologies market is projected to witness growth at a CAGR of 36.7% during the forecast period, with a market size of USD 26.81 million in 2024

Edge Computing Technologies Market Analysis

Edge Computing Technologies Market Components Segment Analysis

According to Cognitive Market Research, hardware stands out as the dominating category due to the increasing number of data centers across numerous industries, boosts the need for edge routers, linking local and wide-area networks. Edge data centers must be well-equipped with adjustable and powerful edge routers qualified to handle a large volume of incoming traffic while preserving low latency. The requirement for safe and efficient data processing at the border of the network is likely to fuel the expansion.

Software emerged as the fastest-growing category in the edge computing technologies market due to the rising need for real-time data processing and decreased latency. Market growth is propelled by industries like IoT, healthcare, and autonomous vehicles seeking faster insights and enhanced security. Software solutions such as edge analytics platforms and edge-native applications drive this evolution, optimizing distributed computing.

• Hardware
• Software
• Services

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Edge Computing Technologies Industry. Request a Free Sample PDF!

Organization Size Segment Analysis

According to Cognitive Market Research, the dominating category is large enterprises owing to the increased need for data security and rising cloud-based data traffic. Several large enterprises are adopting advanced technologies such as AI and ML to expand the overall productivity of their firms. Additionally, these enterprises generate a large amount of raw data that requires to be processed and analyzed, which expands the need for edge computing.

The fastest-growing category in the edge computing technologies market is SMEs due to the need for low-latency data processing, scalability, and privacy. Small and medium enterprises adopt edge solutions for cost-effective real-time analytics, improved operational efficiency, and enhanced customer experiences. This demand fuels innovation and competition, expanding the edge computing market rapidly.

• Large Enterprises
• SMEs

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Edge Computing Technologies Application Segment Analysis

According to Cognitive Market Research, the content delivery category held the major market share due to escalating demand for real-time data processing, reduced latency, and enhanced security. With the proliferation of IoT devices and applications, edge computing optimizes content delivery by bringing computing resources closer to end-users, ensuring faster response times and improved user experiences.

The fastest-growing category in the edge computing technologies market is remote monitoring due to the rising need for real-time data processing and reduced latency in applications like IoT, AI, and autonomous vehicles. Remote monitoring, crucial for industries like healthcare and energy, leverages edge computing to enable efficient data analysis at the source, enhancing responsiveness.

• Smart Cities
• Industrial Internet of Things (lloT)
• Remote Monitoring
• Content Delivery
• Augmented Reality (AR) & Virtual Reality (VR)
• Others (Autonomous Vehicles
• Drones
• and Gaming)

Edge Computing Technologies Verticals Segment Analysis

According to Cognitive Market Research, the dominating category is energy & utilities. Environmental sustainability initiatives are fueling efforts to enhance electrical utility service efficiencies worldwide, including the expansion of alternative renewable power sources such as solar and wind. Smart grids are being established worldwide to permit capabilities and extend operational efficiencies, such as real-time consumption control, incorporation with elegant appliances, and microgrids to assist generation from dispersed renewable sources.

The fastest-growing category in the edge computing technologies market is healthcare and life sciences. The IoT and edge computing have allowed disruptive technique improvements to transform the healthcare industry. Medical professionals can treat their patients quickly and more efficiently by utilizing patient data, diagnostic devices, software applications, and telemedicine programs.

• Manufacturing
• Energy and Utilities
• Government and Defense
• Telecommunications
• Media and Entertainment
• Retail and Consumer Goods
• Transportation and Logistics
• Healthcare and Life Sciences
• Other Verticals (BFSI and Education

Author's Detail

Swasti Dharmadhikari

Research associate at Cognitive Market Research

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Swasti Dharmadhikari, an agile and achievement-focused market researcher with an innate ardor for deciphering the intricacies of the Service & Software sector. Backed by a profound insight into technology trends and consumer dynamics, she has committed herself to meticulously navigating the ever-evolving terrain of digital Services and software solutions.

Author's Conclusion