Edge Computing Market – Global Opportunity Analysis and Industry Forecast (2023-2030)

Meticulous Research®, a prominent international market research firm, published a research report titled, ‘Edge Computing Market by Component (Hardware, Platform, Services), Application (Smart Cities, Industrial IoT, AR/VR, Others), End-use Industry (Energy & Utilities, Manufacturing, Retail, Others), and Geography – Global Forecast to 2030.’
As per the recent report by Meticulous Research®, the global edge computing market is expected to hit $122.7 billion by 2030, with a compound annual growth rate (CAGR) of 37.1% throughout the forecast period. The surge in the edge computing market is linked to heightened pressure on cloud infrastructure, expanding usage of Industrial IoT solutions, and the escalating need for swift processing and real-time automated decision-making solutions. Nevertheless, the market's growth faces a hindrance due to the substantial capital investment necessary for infrastructure development.
Furthermore, the rise of autonomous vehicles and the development of connected car infrastructure are expected to present substantial growth prospects for the global edge computing market. Nonetheless, security issues associated with IoT devices could impede market expansion. Moreover, the widespread integration of 5G technology stands out as a significant trend in the edge computing market.
Meticulous Research® has structured its analysis of this market by dividing it into segments based on component, application, end-use industry, and geography, facilitating comprehensive examination. The report assesses competitors within the industry and scrutinizes market dynamics at both regional and national levels.
Based on component, The global edge computing market is divided into hardware, platform, and services. In 2023, it's projected that the hardware segment will hold the largest portion of the market. This dominance is attributed to the growing implementations of IoT and increased investments in edge computing infrastructure by industry players. For example,

Edge Computing Market – Global Opportunity Analysis and Industry Forecast (2023-2030)

Meticulous Research®, a prominent international market research firm, published a research report titled, ‘Edge Computing Market by Component (Hardware, Platform, Services), Application (Smart Cities, Industrial IoT, AR/VR, Others), End-use Industry (Energy & Utilities, Manufacturing, Retail, Others), and Geography – Global Forecast to 2030.’
As per the recent report by Meticulous Research®, the global edge computing market is expected to hit $122.7 billion by 2030, with a compound annual growth rate (CAGR) of 37.1% throughout the forecast period. The surge in the edge computing market is linked to heightened pressure on cloud infrastructure, expanding usage of Industrial IoT solutions, and the escalating need for swift processing and real-time automated decision-making solutions. Nevertheless, the market's growth faces a hindrance due to the substantial capital investment necessary for infrastructure development.
Furthermore, the rise of autonomous vehicles and the development of connected car infrastructure are expected to present substantial growth prospects for the global edge computing market. Nonetheless, security issues associated with IoT devices could impede market expansion. Moreover, the widespread integration of 5G technology stands out as a significant trend in the edge computing market.
Meticulous Research® has structured its analysis of this market by dividing it into segments based on component, application, end-use industry, and geography, facilitating comprehensive examination. The report assesses competitors within the industry and scrutinizes market dynamics at both regional and national levels.
Based on component, The global edge computing market is divided into hardware, platform, and services. In 2023, it's projected that the hardware segment will hold the largest portion of the market. This dominance is attributed to the growing implementations of IoT and increased investments in edge computing infrastructure by industry players. For example,