Top Companies in Edge Computing Market by Size, Share, Historical and Future Data & CAGR | Report by Vantage Market Research
Edge Computing Market is projected to reach a value of USD 49.6 Billion by 2028 at a CAGR of 38.2% over the forecast period.
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Market Overview
The Global Edge Computing Market is valued at USD 7.1 Billion in 2021 and is projected to reach a value of USD 49.6 Billion by 2028 at a CAGR of 38.2% over the forecast period. The global Edge Computing market is expanding due to rising industrial IoT usage and increasing workload on cloud infrastructure.
The strong effect of IoT and the rising use of cloud computing and storage solutions are driving the Edge Computing industry globally.
As communications infrastructure continues to be developed, the need for Edge Computing is anticipated to increase in the years following the COVID-19 pandemic. Working from home is gradually replacing traditional office work. In addition, a network design needing high security and low latency connectivity is anticipated to emerge as the healthcare system gains traction through online consultations. Since the cost of creating full-sized data centers or adding additional switching capabilities will be greater than the cost of edge facilities per unit, telecom companies are anticipated to seize the opportunity.
The market is now competitive due to the abundance of Edge Computing suppliers. Numerous new players have emerged, giving target clients specialized and distinctive products. Top market players like Cisco(US), HPE(US), Huawei(China), IBM(US), Dell Technologies(US), Nokia(Finland), Litmus Automation(US), AWS(US), Foghorn(US), Microsoft(US), VMWare(US), SixSq(Switzerland), EdgeIQ(US), Saguna(Isreal), and Vapour IO(US) among others are leading the Global Edge Computing market.
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Let’s Take a Look at the Top Market Players that are Captivating the Edge Computing Market
The key market players are creating novel collaboration software to draw in a more extensive consumer base and acquire a competitive edge.
- Cisco
Cisco Systems Inc. offers networking and information technology services. The business provides cloud computing, software development, data collaboration, enterprise network security, and other related services. Cisco Systems serves customers in the United States.
- Huawei
Huawei Technologies Co. Ltd. offers telecommunications and networking products. The business conducts research and develops servers, storage, security, transmission networks, and other networking solutions. Business consultancy, network integration, assurance, managed services, learning, international delivery, and other services are also provided by Huawei Technologies.
- Dell Technologies
Dell Technologies sells computer products. The company provides servers, monitors, gateways, software, storage, printers, workstations, laptops, desktop computers, tablets, servers, monitors, and networking equipment. Dell Technologies serve worldwide customers.
- Nokia
A multinational telecommunication firm, Nokia. The company manufactures a wide variety of technological hardware and software, and it also runs international networks, sales, and communication channels.
- Litmus Automation
Litmus Automation Inc offers the cloud-based, end-to-end Internet of things (IoT) platform. The company provides business software with items management, networking, and integration.
- VMWare
VMware Inc. is a provider of virtualization and cloud computing services. The business provides SaaS solutions to many IT issues, including desktop administration, software lifecycle management, cost and operational inefficiencies, and business continuity. VMware serves global customers.
- Vapor IO
Vapor IO Inc. offers hardware and software solutions. The company provides applications for cloud-based Edge Computing. Vapor IO caters to customers in the United States.
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