The Report Covers Global Edge Computing Market Analysis & Forecast and It is Segmented by Component (Hardware, Software, and Services), End User (Financial and Banking Industry, Retail, Healthcare and Life Sciences, Industrial, Energy and Utilities, Telecommunications), and Geography.

The worldwide edge computing market is projected to reach 350 billion U.S. dollars by 2027. Edge computing is the delivering of storage, computing, and network capabilities to the local points of a network, through which less latency, reduced cost, better performance and higher security at the edge are obtained. Exponential growth of data and connected devices The world is witnessing an exponential growth in the amount of data that is being created, captured, copied, and consumed. In 2022, the volume of data worldwide amounted is projected to amount to 97 zettabytes (ZB) and by 2025 this figure will reach 181 ZB. The growing number of Internet of Things (IoT) connected devices is contributing to this data explosion: the number of IoT or connected devices is forecast to reach 40 billion in 2033, a more than threefold increase from 2022. Edge computing and its ecosystem The ever-growing amount of data and connected devices push the need for greater storage, computing, and network capacities closer to the endpoints, giving rise to edge computing. The edge market is a whole ecosystem that includes cloud giants such as Amazon Web Services (AWS) and Microsoft, infrastructure providers such as Advanced Micro Devices (AMD) and Ericsson, as well as communication service providers like AT&T and Verizon.

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Edge Computing Market Size 2025-2029

The edge computing market size is forecast to increase by USD 29.41 billion at a CAGR of 37.4% between 2024 and 2029.

The global edge computing market is growing steadily, driven by the surge in IoT devices and the need for faster data processing closer to the source. Businesses are increasingly prioritizing low-latency solutions to meet real-time demands, while advancements in 5G technology are enhancing edge capabilities and deployment options.
This report offers a detailed snapshot of the market, including its current size, growth forecasts through 2029, and key segments like manufacturing and cloud-based edge solutions. It is designed for practical business applications - whether refining strategy, engaging clients, or optimizing operations - with data on market value and regional breakdowns. A key trend is the shift toward decentralized computing to handle massive data volumes, though a persistent challenge is the high cost of infrastructure, which can limit scalability for smaller players. For organizations looking to stay ahead in the global edge computing market, this report provides actionable insights to navigate decentralization trends and cost-related challenges, supporting informed decisions in a tech-driven landscape.

What will be the Size of the Edge Computing Market During the Forecast Period?

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The market is experiencing significant growth as businesses and industries increasingly prioritize decreased latency, increased bandwidth, and enhanced security in their IT infrastructures. Edge computing enables traffic distribution and service management closer to the source of data generation, benefiting various sectors such as networking, software development, healthcare systems, telecom firms, and content delivery networks (CDNs). Key applications include video conferencing software, online consultations, and real-time processing for artificial intelligence (AI) and 5G virtualization in industries like gaming, connected devices, and life sciences. The market's expansion is driven by the integration of edge computing in 5G technology, Industry 4.0, smart factories, and digital health strategies.
Security and compliance standards are essential considerations in edge computing, as data processing occurs at the edge rather than in the cloud. The market's growth is also influenced by digital developments in augmented reality (AR) and virtual reality (VR) tools, smart grids, and IoT applications in healthcare. Despite economic recessions, the market continues to evolve, offering opportunities for innovation and growth.

How is this Edge Computing Industry segmented and which is the largest segment?

The edge computing industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

End-user

  Industrial manufacturing
  Telecom
  Mobility
  Government
  Others


Component

  Hardware
  Software
  Services
  Edge-managed platforms


Type

  Small and medium-sized enterprises (SMEs)
  Large enterprises
  Others


Application

  IoT applications
  Robotics and automation
  Predictive maintenance
  Remote monitoring
  Others


Geography

  North America

    Canada
    US


  Europe

    Germany
    UK
    France
    Italy


  APAC

    China
    India
    Japan


  South America

    Brazil


  Middle East and Africa

By End-user Insights

The industrial manufacturing segment is estimated to witness significant growth during the forecast period. Edge computing plays a crucial role in automating industrial manufacturing and process environments by facilitating real-time data processing at the source, using industrial IoT devices, automation hardware, and connected sensors and actuators. The digitalization and automation of manufacturing and process industries, driven by Industry 4.0 infrastructure and practices, are expected to significantly increase the demand for edge computing solutions. Strategic partnerships between end-users and companies are common, as edge computing becomes an integral part of their operations. Edge computing is essential for industrial machine learning (ML) and artificial intelligence (AI) networks, enabling automation through robotics. In the telecom industry, edge computing is used for traffic distribution, service management, and 5G virtualization.

In healthcare systems, edge computing supports online consultations, digital health strategies, IoT in healthcare, and life sciences applications. Edge computing also benefits smart cities, smart factories, smart grids, and various industries such as oil & gas, IT & telecom, and manufacturing. Edge computing hardware and infrastructure, along with software investments, are crucial for organizations of all si

The Industrial Edge Computing Market is Segmented by Component (Hardware, Software, and Services), End-User (Manufacturing, Oil and Gas, and Mining), and Geography (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa). The Market Sizes and Forecasts are Provided in Terms of Value USD for all the Above Segments.

Edge Computing Market size was valued at USD 6.24 Billion in 2023 and is projected to reach USD 34.81 Billion by 2031, growing at a CAGR of 23.97% from 2024 to 2031.

Key Market Drivers
Proliferation of Internet of Things (IoT) devices: The rapid proliferation of IoT devices is fueling the demand for edge computing, which processes data closer to its source. According to the International Data Corporation (IDC), the number of IoT devices worldwide is expected to reach 41.6 billion by 2025, creating 79.4 zettabytes of data. This vast amount of data necessitates real-time processing capabilities, which edge computing can deliver, accelerating market growth.
Growing Demand for Low-latency Applications: Edge computing is gaining popularity as more applications require real-time data processing and low latency. According to Cisco’s Annual Internet Report (2018-2023), the number of devices linked to IP networks will exceed three times the world population by 2023. The report also estimates that by 2023, 50% of all networked devices and communications will be machine-to-machine, with many of them requiring the low-latency capabilities provided by edge computing.
Increasing Adoption of 5G Technology: The deployment of 5G networks is accelerating the development of edge computing. According to the Global System for Mobile Communications Association (GSMA), 5G connections are estimated to total 1.8 billion by 2025, accounting for 21% of all mobile connections. This high-speed, low-latency network architecture enhances edge computing capabilities, allowing for faster data processing and increased performance across a wide range of applications.

Space-based edge computing market is estimated to reach $1,807.3 million in 2033, at a CAGR of 22.64% during the forecast period 2023-2033.

Edge Computing in Automotive Market is Segmented Application (Connected Cars, Traffic Management, Smart Cities, Transportation & Logistics), and Geography (North America, Europe, and Asia Pacific). The Market Sizes and Forecasts are Provided in Terms of Value in USD for all the Above Segments.

The global edge computing market was valued at 11.7 billion U.S. dollars in 2022. By 2028, the market is forecast to have a value of 45.4 billion U.S. dollars. According to the source the primary factor driving this growth is the adoption of Internet of Things(IoT).

The global edge computing market size is expected to reach USD 140 billion by 2030, according to a new study by Polaris Market Research.

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Mobile Edge Computing Market Size 2024-2028

The mobile edge computing market size is forecast to increase by USD 3.55 billion at a CAGR of 46.12% between 2023 and 2028. The market is experiencing significant growth due to several key drivers. The rise in health applications and the need for real-time data processing are pushing the demand for edge computing in the healthcare sector. In the entertainment industry, computational offloading and edge-computing video caching are becoming essential for delivering high-quality streaming services. Strategic collaborations among market participants are also driving innovation in edge computing, particularly in areas like collaborative computing and connected cars. Additionally, the deployment of 5G technology is expected to increase the demand for mobile edge computing, despite its high cost. Smart venues and enterprises are also adopting edge computing for improved content delivery and enhanced operational efficiency. This market is poised for continued growth as these trends and drivers shape the future of mobile computing.

What will the size of the market be during the forecast period?

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Mobile edge computing (MEC) is an innovative technology that brings computing power closer to the source of data generation, primarily in cellular networks. This approach aims to address network congestion issues and improve the quality of experience (QoE) for various applications, including healthcare, autonomous vehicles, and augmented reality (AR)/virtual reality (VR). In the IT service environment, mobile edge computing plays a crucial role in the telecommunications networking landscape. By leveraging cellular base stations as mini-data centers, MEC technology enables real-time processing of data at the edge, reducing latency and improving overall network efficiency. Further, the integration of 5G technologies and IoT solutions into the telecom industry has significantly increased the demand for mobile edge computing capabilities. As 5G networks offer faster speeds and lower latency compared to 4G networks, MEC technology becomes essential to ensure optimal performance and QoE for applications such as connected automobile infrastructure and AR/VR experiences. Cellular MEC technology is particularly beneficial for industries that require real-time data processing, such as healthcare. By processing patient data at the edge, healthcare providers can make quicker, more informed decisions, ultimately improving patient outcomes and overall care.

Moreover, mobile edge computing is an essential component of the evolving connected automobile infrastructure. With the increasing adoption of autonomous vehicles, real-time data security processing and analysis are crucial for ensuring safety and efficiency. MEC technology enables this by processing data from various sensors and systems directly at the edge, reducing latency and improving overall system performance. In the context of telecommunications networking, mobile edge computing offers significant advantages in terms of network efficiency and QoE. By processing data at the edge, network congestion is reduced, and the overall performance of the radio access network is improved. This is especially important for applications that require low latency, such as AR/VR experiences, which can be particularly demanding on network resources. In conclusion, mobile edge computing represents a significant evolution in the IT service environment, particularly in the context of cellular networks and the telecom industry. By bringing computing power closer to the source of data generation, MEC technology addresses network congestion issues, improves QoE, and enables real-time processing for various applications, ultimately driving innovation and growth in the sector.

Market Segmentation

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

Component

  Hardware
  Software


Geography

  North America

    US


  Europe

    Germany
    UK


  APAC

    China
    Japan


  South America



  Middle East and Africa

By Component Insights

The hardware segment is estimated to witness significant growth during the forecast period. Mobile edge computing refers to the processing of data and applications on devices or servers located closer to the source of data, rather than relying on remote servers. This approach is gaining popularity in various industries, particularly in sectors that require real-time data processing and low latency, such as Health and Entertainment. The hardware components necessary for mobile edge computing include processors, servers, switches, routers, and end devices. The selection and size of these components depend on the specific use case

The global edge computing market size is predicted to rise from USD 20.86 billion to USD 983.34 billion, witnessing a CAGR of over 34.5% throughout the forecast period, between 2025 and 2037. North America industry is set to hold largest revenue share of 43% by 2037, due to reducing infrastructure costs and increasing infrastructure flexibility in the region.

Overview of Cloud Computing Cloud Computing comprises the delivery of hosted services over the internet. The three main categories of cloud computing include Platform as a Service (PaaS), Infrastructure as a Service (IaaS), and Software as a Service (SaaS). A cloud can be either private or public. Anyone online can purchase services through a public cloud. A private cloud is a private network or data center that provides h.....

global edge computing market size was valued at USD 7.43 billion in 2021 and is expected to grow at a CAGR of 38.8% during the forecast period.

In 2019, the intelligent industrial edge computing market size amounted to 11.56 billion U.S. dollars. According to the source, the market will continue to grow with a compound annual growth rate (CAGR) of 18 percent until 2025. By then, the source forecasts that the market size will have reached 30.75 billion U.S. dollars.

Edge Computing Market size was valued at USD 62.19 Billion in 2024 and is projected to reach USD 104 Billion by 2030. Along with a CAGR of 10.90%.

The Middle East Edge Computing Market to grow at a 29.65% CAGR by 2027. The market growth attributes to the technology evolution & rising trend of BYOD across modern business practices.

The Report Covers Mobile Edge Computing (MEC) Market Trends and is Segmented by Component (hardware, Software), by End-User (financial & Banking Industry, Retail, Healthcare & Life Sciences, Industrial, Energy & Utilities, and Telecommunication), and Geography (North America, Europe, Asia Pacific, Latin America, Middle East and Africa). The Report Offers Market Forecasts and Size in Value (USD) for all the Above Segments.

Professional and provisioned services will be the largest technology category in the edge computing market, accounting for almost half of the overall market share in 2024. The worldwide edge computing market is projected to reach 250.6 billion U.S. dollars by then.

Global Edge Computing Market size valued at US$ 16.28 Billion in 2023, set to reach US$ 246.88 Billion by 2032 at a CAGR of about 35.27% from 2024 to 2032.

According to the latest research report, the Vietnam edge computing market is projected to grow at a CAGR of 15.50% during 2024-2032. The report provides a comprehensive analysis of key trends across market segments, with detailed forecasts at regional and country levels for the period 2024-2032. It categorizes the market based on component, organization size, and vertical.