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The Edge computing market is anticipated to expand at a Compound Annual Growth Rate (CAGR) of 13.0% from USD 60.0 billion in 2024 to USD 110.6 billion in 2029 throughout the forecast period. Enhanced data security, lower latency, higher bandwidth gains across verticals, organizations, and regions globally, and higher adoption of digital transformation initiatives are expected to drive the growth of the global Edge computing market.

Edge Computing Companies Include

• AWS (US)
• Dell Technologies (US)
• Microsoft (US)
• IBM (US)
• HPE (US)
• Google (US)
• NVIDIA (US)

To know about the assumptions considered for the study download the pdf brochure

AWS:

AWS plays a significant role in the global edge computing market by providing a range of services and solutions tailored to meet the demands of edge computing architectures. With its extensive network of data centers and edge locations, AWS enables businesses to deploy applications closer to end-users, reducing latency and improving performance. AWS offers services such as AWS Outposts, AWS Wavelength, AWS IoT Greengrass, and AWS Local Zones, facilitating edge computing deployments across various industries, including IoT, gaming, and media streaming. According to recent statistical data, AWS continues to dominate the cloud market, with a market share of approximately 32%.

For over 15 years, AWS has maintained its position as the most extensive and widely adopted cloud platform globally. AWS has consistently broadened its array of services to accommodate virtually any cloud-based workload, offering over 200 fully featured services spanning compute, storage, databases, networking, analytics, machine learning, IoT, mobile, security, hybrid solutions, VR/AR, media, and application development and management. With 96 Availability Zones (AZ) across 30 geographic regions and plans to introduce 15 more AZ and five additional AWS Regions, AWS remains a trusted choice for millions of customers, ranging from burgeoning startups to Fortune 500 companies and government agencies, enabling them to enhance agility and reduce costs.

Dell Technologies:

Dell Technologies is a key player in the global edge computing market. It offers a comprehensive portfolio of edge solutions designed to enable organizations to process and analyze data closer to its source. With its Edge Gateway and PowerEdge server offerings, Dell empowers businesses to deploy edge computing solutions efficiently, improving latency, enhancing security, and enabling real-time insights across various industries. According to recent statistical data by IDC, Dell Technologies maintained its position as the leading vendor in the x86 server market in Europe, the United States, Canada, India, and other regions in the third quarter of 2021 (July through August). Dell's strong performance in these markets underscores its significance in the global edge computing landscape.

Microsoft:

Microsoft is a multinational technology company that develops, licenses, and supports various software products, services, and devices. The company operates through three primary business segments: productivity and business processes, intelligent cloud, and personal computing. Microsoft caters to various verticals, including education, insurance, government, health, hospitality and travel, and retail and consumer goods. The company's API management solution offers enterprises self-service, autogenerated, real-time, secure, and service interruption-free solutions. The company distributes and markets its products through OEMs, resellers, distributors, and online and Microsoft retail stores. It caters to a diverse client base across North America, Asia Pacific, Latin America, the Middle East, Africa, and Europe.

Microsoft has emerged as a critical edge computing player in the rapidly expanding market. Leveraging its extensive experience in cloud computing and software solutions, Microsoft has strategically positioned itself to capitalize on the growing demand for edge computing services. With offerings such as Azure Edge Zones and Azure IoT Edge, Microsoft enables businesses to deploy and manage applications closer to the network's edge, thereby reducing latency and improving performance. Microsoft empowers organizations to unlock new insights and drive innovation at the edge by combining its robust cloud infrastructure with advanced analytics and AI capabilities. With its comprehensive suite of edge computing solutions, Microsoft continues to play a pivotal role in shaping the future of decentralized computing architectures and addressing the evolving needs of businesses across industries.

IBM (International Business Machines Corporation):

IBM is an American multinational technology company that manufactures and markets computer hardware, middleware, and software, as well as providing hosting and consulting services in areas ranging from mainframe computers to nanotechnology.IBM is known for its expertise in areas such as artificial intelligence (AI), cloud computing, blockchain, quantum computing, and cognitive computing. The company offers a wide range of products and services including IBM Watson, a cognitive computing platform, IBM Cloud, IBM Security, and IBM Services. IBM has a long history of innovation and has made significant contributions to the field of technology over the years.

HPE (Hewlett Packard Enterprise):

HPE is an American multinational enterprise information technology company that focuses on building hardware, software, and services solutions for businesses. HPE's product portfolio includes servers, storage, networking, software, and services aimed at helping organizations manage their IT infrastructure and operations efficiently. HPE is known for its expertise in areas such as hybrid cloud, edge computing, and cybersecurity. The company serves a wide range of industries including telecommunications, financial services, healthcare, and manufacturing.

Google:

Google is an American multinational technology company that specializes in Internet-related services and products, including online advertising technologies, search engine, cloud computing, software, and hardware. Google's most well-known product is its search engine, which is widely used around the world. The company also offers a range of other products and services including Google Cloud Platform (GCP), Google Workspace (formerly G Suite), Google Ads, Google Maps, Android operating system, and hardware products like Pixel smartphones and Nest smart home devices. Google is known for its innovative culture and has made significant contributions to the field of technology, particularly in areas such as artificial intelligence, machine learning, and data analytics.

NVIDIA:

NVIDIA is an American multinational technology company that designs and manufactures graphics processing units (GPUs), as well as system on a chip unit (SoCs) for the gaming, professional visualization, data center, and automotive markets. NVIDIA's GPUs are widely used in gaming PCs, professional workstations, data centers, and supercomputers for tasks such as graphics rendering, deep learning, scientific computing, and cryptocurrency mining. The company is a leading player in the field of artificial intelligence and is known for its CUDA parallel computing platform and libraries, which enable developers to accelerate AI and other high-performance computing workloads on NVIDIA GPUs. NVIDIA also develops software solutions for autonomous vehicles, robotics, and edge computing applications.

Related Reports:

Edge Computing Market by Component (Hardware, Software, Services), Application (Real-time Data Processing & Analysis, Predictive Maintenance, & Optimization), Organization Size (Large Enterprises, SMEs), Vertical and Region - Global Forecast to 2029

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