Edge computing market 2023-2027 | North America is estimated to account for 42% of the growth of the global market- Technavio

NEW YORK, Oct. 26, 2023 /PRNewswire/ — According to Technavio, the global edge computing market size is estimated to grow by USD 9,928.42 million from 2022 to 2027. The market is estimated to grow at a CAGR of over 24.74% during the forecast period.  The report includes historic market data from 2017 to 2021. In 2017, the market was valued at USD 2454.66 million. By geography, the global edge computing market is segmented into North America, Europe, APAC, South America, and Middle East and Africa. The report provides actionable insights and estimates the contribution of all regions to the growth of the global edge computing market. North America is estimated to account for 42% of the growth of the global market during the forecast period. The edge computing market in North America is expected to witness considerable growth owing to the growing emphasis on improving efficiency in IT infrastructure within commercial and industrial environments and the increasing adoption of big data analytics and IoT by end-users. The US and Canada are two of the key markets for edge computing in North America. Enterprise customers in the US and Canada are keen on switching to edge computing, with many companies giving priority to switching from core-to-network edge systems in the next few years. Some of the vendors operating in the region are focusing on launching new edge computing platforms. These factors will drive the growth of the regional market during the forecast period. 

– For more Insights, Request a sample report
Global edge computing market – Five ForcesThe global edge computing market is fragmented, and the five forces analysis covers– 
Bargaining power of buyers The threat of new entrantsThreat of rivalryBargaining power of suppliersThreat of substitutesInterpretation of porter’s five models helps to strategize the business, for entire details – buy the report!Global edge computing market – Customer Landscape The report includes the market’s adoption lifecycle, from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.Global edge computing market – Segmentation AssessmentSegment OverviewTechnavio has segmented the market based on end-user (Industrial manufacturing, Telecom, Mobility, Government, and Others), and component (Hardware, Software, Services, and Edge-managed platforms). 
The industrial manufacturing segment will account for a significant share of the global market during the forecast period. Some of the end-users in the industrial manufacturing segment are focusing on creating agreements with the vendors operating in the market in focus to incorporate edge computing in their operations. Therefore, such strategic alliances between vendors and end-users can influence the growth of the market in focus during the forecast period.Download a Sample Report
Global edge computing market – Market DynamicsKey factor driving market growth
The rising demand for decentralized computing to reduce latency in decision-making is notably driving the edge computing market growth. The need for low latency in computing or decision-making tasks is increasing the demand for decentralized edge computing solutions. Edge nodes are usually placed a single hop away from the device node, which can save considerable time in reducing the roundabout time between the device and the edge node. Many vendors have started to provide edge computing solutions that can operate independently, without the need for full-time internet access.This allows users to reduce decision-making time in critical applications. This type of computing environment also leads to the removal of a single point of failure or choke point for internet traffic. These factors are driving the growth of the global edge computing market.Leading trends influencing the market 
The deployment of Industry 4.0 infrastructure is a key trend influencing the edge computing market growth. Industry 4.0 refers to the use of connected automation systems and technologies, such as cyber-physical systems, IoT devices, cloud computing, and cognitive computing, which can enable large-scale automation in factories.The adoption of these technologies is expected to influence the demand for edge computing. Industry 4.0-based manufacturing operations and facilities require several IoT sensors, actuators, and communication tools, which constantly generate data.Edge computing plays an important role in the analysis and implementation of this data in the immediate manufacturing environment in real-time.Hence, the demand for edge computing is expected to grow with the adoption of Industry 4.0 practices. These factors will support the growth of the market during the forecast period.Major challenges hindering the market growth
Competition from low-cost centralized and general-purpose computing infrastructure may impede the edge computing market growth. Centralized computing infrastructure includes cloud data centers, supercomputing facilities, and centralized data centers used by organizations to support their global operations. These facilities can be transformed to provide computing or processing capabilities as a service to anywhere in the world virtually.Many public/private cloud server operators offer low-cost computing and storage services on a pay-as-you-go basis, which poses a threat to the global edge computing market.Moreover, setting up edge computing infrastructure may require additional capital spending, network infrastructure, and skilled labor for maintenance and operation. Furthermore, some vendors provide software-based edge computing solutions. These factors will impede the growth of the market during the forecast period.Drivers, trends, and challenges have an impact on market dynamics, which can impact businesses. Find more insights in a sample report!
What are the key data covered in this edge computing market report?
CAGR of the market during the forecast periodDetailed information on factors that will drive the growth of the edge computing market between 2023 and 2027Precise estimation of the size of the edge computing market size and its contribution to the market in focus on the parent marketAccurate predictions about upcoming trends and changes in consumer behaviorGrowth of the edge computing market industry across North America, Europe, APAC, South America, and Middle East and AfricaA thorough analysis of the market’s competitive landscape and detailed information about vendorsComprehensive analysis of factors that will challenge the growth of edge computing market vendorsGain instant access to 17,000+ market research reports. 
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Report Coverage
Details
Page number
185
Base year
2022
Historic period
2017-2021
Forecast period
2023-2027
Growth momentum & CAGR
Accelerate at a CAGR of 24.74%
Market growth 2023-2027
USD 9,928.42 million
Market structure
Fragmented
YoY growth 2022-2023 (%)
22.67
Regional analysis
North America, Europe, APAC, South America, and Middle East and Africa
Performing market contribution
North America at 42%
Key countries
US, China, Japan, Germany, and UK
Competitive landscape
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks
Key companies profiled
Alphabet Inc., Amazon.com Inc., Arrow Electronics Inc., Capgemini Service SAS, ClearBlade Inc., Dell Technologies Inc., EdgeConneX Inc., General Electric Co., Hewlett Packard Enterprise Co., Huawei Technologies Co. Ltd., Intel Corp., Nokia Corp., NVIDIA Corp., Renesas Electronics Corp., Schneider Electric SE, Telefonaktiebolaget LM Ericsson, Aarna Networks Inc., Cisco Systems Inc., International Business Machines Corp., and Microsoft Corp.
Market dynamics
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period
Customization purview
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
Table of contents
1 Executive Summary
1.1 Market overviewExhibit 01: Executive Summary – Chart on Market OverviewExhibit 02: Executive Summary – Data Table on Market OverviewExhibit 03: Executive Summary – Chart on Global Market CharacteristicsExhibit 04: Executive Summary – Chart on Market by GeographyExhibit 05: Executive Summary – Chart on Market Segmentation by End-userExhibit 06: Executive Summary – Chart on Market Segmentation by ComponentExhibit 07: Executive Summary – Chart on Incremental GrowthExhibit 08: Executive Summary – Data Table on Incremental GrowthExhibit 09: Executive Summary – Chart on Vendor Market Positioning2 Market Landscape
2.1 Market ecosystemExhibit 10: Parent marketExhibit 11: Market Characteristics3 Market Sizing
3.1 Market definitionExhibit 12: Offerings of vendors included in the market definition3.2 Market segment analysis Exhibit 13: Market segments3.3 Market size 20223.4 Market outlook: Forecast for 2022-2027 Exhibit 14: Chart on Global – Market size and forecast 2022-2027 (USD million)Exhibit 15: Data Table on Global – Market size and forecast 2022-2027 (USD million)Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)4 Historic Market Size
4.1 Global edge computing market 2017 – 2021 Exhibit 18: Historic Market Size – Data Table on Global edge computing market 2017 – 2021 (USD million)4.2 End-user Segment Analysis 2017 – 2021 Exhibit 19: Historic Market Size – End-user Segment 2017 – 2021 (USD million)4.3 Component Segment Analysis 2017 – 2021 Exhibit 20: Historic Market Size – Component Segment 2017 – 2021 (USD million)4.4 Geography Segment Analysis 2017 – 2021 Exhibit 21: Historic Market Size – Geography Segment 2017 – 2021 (USD million)4.5 Country Segment Analysis 2017 – 2021 Exhibit 22: Historic Market Size – Country Segment 2017 – 2021 (USD million)5 Five Forces Analysis
5.1 Five forces summaryExhibit 23: Five forces analysis – Comparison between 2022 and 20275.2 Bargaining power of buyers Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 20275.3 Bargaining power of suppliers Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 20275.4 Threat of new entrants Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 20275.5 Threat of substitutes Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 20275.6 Threat of rivalryExhibit 28: Threat of rivalry – Impact of key factors in 2022 and 20275.7 Market conditionExhibit 29: Chart on Market condition – Five forces 2022 and 20276 Market Segmentation by End-user
6.1 Market segmentsExhibit 30: Chart on End-user – Market share 2022-2027 (%)Exhibit 31: Data Table on End-user – Market share 2022-2027 (%)6.2 Comparison by End-user Exhibit 32: Chart on Comparison by End-userExhibit 33: Data Table on Comparison by End-user6.3 Industrial manufacturing – Market size and forecast 2022-2027 Exhibit 34: Chart on Industrial manufacturing – Market size and forecast 2022-2027 (USD million)Exhibit 35: Data Table on Industrial manufacturing – Market size and forecast 2022-2027 (USD million)Exhibit 36: Chart on Industrial manufacturing – Year-over-year growth 2022-2027 (%)Exhibit 37: Data Table on Industrial manufacturing – Year-over-year growth 2022-2027 (%)6.4 Telecom – Market size and forecast 2022-2027 Exhibit 38: Chart on Telecom – Market size and forecast 2022-2027 (USD million)Exhibit 39: Data Table on Telecom – Market size and forecast 2022-2027 (USD million)Exhibit 40: Chart on Telecom – Year-over-year growth 2022-2027 (%)Exhibit 41: Data Table on Telecom – Year-over-year growth 2022-2027 (%)6.5 Mobility – Market size and forecast 2022-2027 Exhibit 42: Chart on Mobility – Market size and forecast 2022-2027 (USD million)Exhibit 43: Data Table on Mobility – Market size and forecast 2022-2027 (USD million)Exhibit 44: Chart on Mobility – Year-over-year growth 2022-2027 (%)Exhibit 45: Data Table on Mobility – Year-over-year growth 2022-2027 (%)6.6 Government – Market size and forecast 2022-2027 Exhibit 46: Chart on Government – Market size and forecast 2022-2027 (USD million)Exhibit 47: Data Table on Government – Market size and forecast 2022-2027 (USD million)Exhibit 48: Chart on Government – Year-over-year growth 2022-2027 (%)Exhibit 49: Data Table on Government – Year-over-year growth 2022-2027 (%)6.7 Others – Market size and forecast 2022-2027 Exhibit 50: Chart on Others – Market size and forecast 2022-2027 (USD million)Exhibit 51: Data Table on Others – Market size and forecast 2022-2027 (USD million)Exhibit 52: Chart on Others – Year-over-year growth 2022-2027 (%)Exhibit 53: Data Table on Others – Year-over-year growth 2022-2027 (%)6.8 Market opportunity by End-user Exhibit 54: Market opportunity by End-user (USD million)7 Market Segmentation by Component
7.1 Market segmentsExhibit 55: Chart on Component – Market share 2022-2027 (%)Exhibit 56: Data Table on Component – Market share 2022-2027 (%)7.2 Comparison by Component Exhibit 57: Chart on Comparison by ComponentExhibit 58: Data Table on Comparison by Component7.3 Hardware – Market size and forecast 2022-2027 Exhibit 59: Chart on Hardware – Market size and forecast 2022-2027 (USD million)Exhibit 60: Data Table on Hardware – Market size and forecast 2022-2027 (USD million)Exhibit 61: Chart on Hardware – Year-over-year growth 2022-2027 (%)Exhibit 62: Data Table on Hardware – Year-over-year growth 2022-2027 (%)7.4 Software – Market size and forecast 2022-2027 Exhibit 63: Chart on Software – Market size and forecast 2022-2027 (USD million)Exhibit 64: Data Table on Software – Market size and forecast 2022-2027 (USD million)Exhibit 65: Chart on Software – Year-over-year growth 2022-2027 (%)Exhibit 66: Data Table on Software – Year-over-year growth 2022-2027 (%)7.5 Services – Market size and forecast 2022-2027 Exhibit 67: Chart on Services – Market size and forecast 2022-2027 (USD million)Exhibit 68: Data Table on Services – Market size and forecast 2022-2027 (USD million)Exhibit 69: Chart on Services – Year-over-year growth 2022-2027 (%)Exhibit 70: Data Table on Services – Year-over-year growth 2022-2027 (%)7.6 Edge-managed platforms – Market size and forecast 2022-2027 Exhibit 71: Chart on Edge-managed platforms – Market size and forecast 2022-2027 (USD million)Exhibit 72: Data Table on Edge-managed platforms – Market size and forecast 2022-2027 (USD million)Exhibit 73: Chart on Edge-managed platforms – Year-over-year growth 2022-2027 (%)Exhibit 74: Data Table on Edge-managed platforms – Year-over-year growth 2022-2027 (%)7.7 Market opportunity by Component Exhibit 75: Market opportunity by Component (USD million)8 Customer Landscape
8.1 Customer landscape overview Exhibit 76: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria9 Geographic Landscape
9.1 Geographic segmentation Exhibit 77: Chart on Market share by geography 2022-2027 (%)Exhibit 78: Data Table on Market share by geography 2022-2027 (%)9.2 Geographic comparison Exhibit 79: Chart on Geographic comparisonExhibit 80: Data Table on Geographic comparison9.3 North America – Market size and forecast 2022-2027 Exhibit 81: Chart on North America – Market size and forecast 2022-2027 (USD million)Exhibit 82: Data Table on North America – Market size and forecast 2022-2027 (USD million)Exhibit 83: Chart on North America – Year-over-year growth 2022-2027 (%)Exhibit 84: Data Table on North America – Year-over-year growth 2022-2027 (%)9.4 Europe – Market size and forecast 2022-2027 Exhibit 85: Chart on Europe – Market size and forecast 2022-2027 (USD million)Exhibit 86: Data Table on Europe – Market size and forecast 2022-2027 (USD million)Exhibit 87: Chart on Europe – Year-over-year growth 2022-2027 (%)Exhibit 88: Data Table on Europe – Year-over-year growth 2022-2027 (%)9.5 APAC – Market size and forecast 2022-2027 Exhibit 89: Chart on APAC – Market size and forecast 2022-2027 (USD million)Exhibit 90: Data Table on APAC – Market size and forecast 2022-2027 (USD million)Exhibit 91: Chart on APAC – Year-over-year growth 2022-2027 (%)Exhibit 92: Data Table on APAC – Year-over-year growth 2022-2027 (%)9.6 South America – Market size and forecast 2022-2027 Exhibit 93: Chart on South America – Market size and forecast 2022-2027 (USD million)Exhibit 94: Data Table on South America – Market size and forecast 2022-2027 (USD million)Exhibit 95: Chart on South America – Year-over-year growth 2022-2027 (%)Exhibit 96: Data Table on South America – Year-over-year growth 2022-2027 (%)9.7 Middle East and Africa – Market size and forecast 2022-2027 Exhibit 97: Chart on Middle East and Africa – Market size and forecast 2022-2027 (USD million)Exhibit 98: Data Table on Middle East and Africa – Market size and forecast 2022-2027 (USD million)Exhibit 99: Chart on Middle East and Africa – Year-over-year growth 2022-2027 (%)Exhibit 100: Data Table on Middle East and Africa – Year-over-year growth 2022-2027 (%)9.8 US – Market size and forecast 2022-2027 Exhibit 101: Chart on US – Market size and forecast 2022-2027 (USD million)Exhibit 102: Data Table on US – Market size and forecast 2022-2027 (USD million)Exhibit 103: Chart on US – Year-over-year growth 2022-2027 (%)Exhibit 104: Data Table on US – Year-over-year growth 2022-2027 (%)9.9 China – Market size and forecast 2022-2027 Exhibit 105: Chart on China – Market size and forecast 2022-2027 (USD million)Exhibit 106: Data Table on China – Market size and forecast 2022-2027 (USD million)Exhibit 107: Chart on China – Year-over-year growth 2022-2027 (%)Exhibit 108: Data Table on China – Year-over-year growth 2022-2027 (%)9.10 Germany – Market size and forecast 2022-2027 Exhibit 109: Chart on Germany – Market size and forecast 2022-2027 (USD million)Exhibit 110: Data Table on Germany – Market size and forecast 2022-2027 (USD million)Exhibit 111: Chart on Germany – Year-over-year growth 2022-2027 (%)Exhibit 112: Data Table on Germany – Year-over-year growth 2022-2027 (%)9.11 UK – Market size and forecast 2022-2027 Exhibit 113: Chart on UK – Market size and forecast 2022-2027 (USD million)Exhibit 114: Data Table on UK – Market size and forecast 2022-2027 (USD million)Exhibit 115: Chart on UK – Year-over-year growth 2022-2027 (%)Exhibit 116: Data Table on UK – Year-over-year growth 2022-2027 (%)9.12 Japan – Market size and forecast 2022-2027 Exhibit 117: Chart on Japan – Market size and forecast 2022-2027 (USD million)Exhibit 118: Data Table on Japan – Market size and forecast 2022-2027 (USD million)Exhibit 119: Chart on Japan – Year-over-year growth 2022-2027 (%)Exhibit 120: Data Table on Japan – Year-over-year growth 2022-2027 (%)9.13 Market opportunity by geography Exhibit 121: Market opportunity by geography (USD million)10 Drivers, Challenges, and Trends
10.1 Market drivers10.2 Market challenges10.3 Impact of drivers and challenges Exhibit 122: Impact of drivers and challenges in 2022 and 202710.4 Market trends11 Vendor Landscape
11.1 Overview11.2 Vendor landscapeExhibit 123: Overview on Criticality of inputs and Factors of differentiation11.3 Landscape disruptionExhibit 124: Overview on factors of disruption11.4 Industry risksExhibit 125: Impact of key risks on business12 Vendor Analysis
12.1 Vendors coveredExhibit 126: Vendors covered12.2 Market positioning of vendors Exhibit 127: Matrix on vendor position and classification12.3 Alphabet Inc.Exhibit 128: Alphabet Inc. – OverviewExhibit 129: Alphabet Inc. – Business segmentsExhibit 130: Alphabet Inc. – Key newsExhibit 131: Alphabet Inc. – Key offeringsExhibit 132: Alphabet Inc. – Segment focus12.4 Amazon.com Inc.Exhibit 133: Amazon.com Inc. – OverviewExhibit 134: Amazon.com Inc. – Business segmentsExhibit 135: Amazon.com Inc. – Key newsExhibit 136: Amazon.com Inc. – Key offeringsExhibit 137: Amazon.com Inc. – Segment focus12.5 Arrow Electronics Inc. Exhibit 138: Arrow Electronics Inc. – OverviewExhibit 139: Arrow Electronics Inc. – Business segmentsExhibit 140: Arrow Electronics Inc. – Key offeringsExhibit 141: Arrow Electronics Inc. – Segment focus12.6 Capgemini Service SAS Exhibit 142: Capgemini Service SAS – OverviewExhibit 143: Capgemini Service SAS – Business segmentsExhibit 144: Capgemini Service SAS – Key newsExhibit 145: Capgemini Service SAS – Key offeringsExhibit 146: Capgemini Service SAS – Segment focus12.7 Cisco Systems Inc.Exhibit 147: Cisco Systems Inc. – OverviewExhibit 148: Cisco Systems Inc. – Business segmentsExhibit 149: Cisco Systems Inc. – Key newsExhibit 150: Cisco Systems Inc. – Key offeringsExhibit 151: Cisco Systems Inc. – Segment focus12.8 ClearBlade Inc.Exhibit 152: ClearBlade Inc. – OverviewExhibit 153: ClearBlade Inc. – Product / ServiceExhibit 154: ClearBlade Inc. – Key newsExhibit 155: ClearBlade Inc. – Key offerings12.9 Dell Technologies Inc. Exhibit 156: Dell Technologies Inc. – OverviewExhibit 157: Dell Technologies Inc. – Business segmentsExhibit 158: Dell Technologies Inc. – Key newsExhibit 159: Dell Technologies Inc. – Key offeringsExhibit 160: Dell Technologies Inc. – Segment focus12.10 EdgeConneX Inc.Exhibit 161: EdgeConneX Inc. – OverviewExhibit 162: EdgeConneX Inc. – Product / ServiceExhibit 163: EdgeConneX Inc. – Key offerings12.11 General Electric Co.Exhibit 164: General Electric Co. – OverviewExhibit 165: General Electric Co. – Business segmentsExhibit 166: General Electric Co. – Key newsExhibit 167: General Electric Co. – Key offeringsExhibit 168: General Electric Co. – Segment focus12.12 Hewlett Packard Enterprise Co. Exhibit 169: Hewlett Packard Enterprise Co. – OverviewExhibit 170: Hewlett Packard Enterprise Co. – Business segmentsExhibit 171: Hewlett Packard Enterprise Co. – Key newsExhibit 172: Hewlett Packard Enterprise Co. – Key offeringsExhibit 173: Hewlett Packard Enterprise Co. – Segment focus12.13 Huawei Technologies Co. Ltd. Exhibit 174: Huawei Technologies Co. Ltd. – OverviewExhibit 175: Huawei Technologies Co. Ltd. – Business segmentsExhibit 176: Huawei Technologies Co. Ltd. – Key newsExhibit 177: Huawei Technologies Co. Ltd. – Key offeringsExhibit 178: Huawei Technologies Co. Ltd. – Segment focus12.14 Intel Corp.Exhibit 179: Intel Corp. – OverviewExhibit 180: Intel Corp. – Business segmentsExhibit 181: Intel Corp. – Key newsExhibit 182: Intel Corp. – Key offeringsExhibit 183: Intel Corp. – Segment focus12.15 International Business Machines Corp. Exhibit 184: International Business Machines Corp. – OverviewExhibit 185: International Business Machines Corp. – Business segmentsExhibit 186: International Business Machines Corp. – Key newsExhibit 187: International Business Machines Corp. – Key offeringsExhibit 188: International Business Machines Corp. – Segment focus12.16 Microsoft Corp.Exhibit 189: Microsoft Corp. – OverviewExhibit 190: Microsoft Corp. – Business segmentsExhibit 191: Microsoft Corp. – Key newsExhibit 192: Microsoft Corp. – Key offeringsExhibit 193: Microsoft Corp. – Segment focus12.17 Telefonaktiebolaget LM Ericsson Exhibit 194: Telefonaktiebolaget LM Ericsson – OverviewExhibit 195: Telefonaktiebolaget LM Ericsson – Business segmentsExhibit 196: Telefonaktiebolaget LM Ericsson – Key newsExhibit 197: Telefonaktiebolaget LM Ericsson – Key offeringsExhibit 198: Telefonaktiebolaget LM Ericsson – Segment focus13 Appendix
13.1 Scope of the report13.2 Inclusions and exclusions checklist Exhibit 199: Inclusions checklistExhibit 200: Exclusions checklist13.3 Currency conversion rates for USUSD Exhibit 201: Currency conversion rates for USUSD13.4 Research methodologyExhibit 202: Research methodologyExhibit 203: Validation techniques employed for market sizingExhibit 204: Information sources13.5 List of abbreviations Exhibit 205: List of abbreviationsAbout USTechnavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
ContactTechnavio ResearchJesse MaidaMedia & Marketing ExecutiveUS: +1 844 364 1100UK: +44 203 893 3200Email: media@technavio.comWebsite: www.technavio.com/

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SOURCE Technavio 

NEW YORK, Oct. 26, 2023 /PRNewswire/ — According to Technavio, the global edge computing market size is estimated to grow by USD 9,928.42 million from 2022 to 2027. The market is estimated to grow at a CAGR of over 24.74% during the forecast period.  The report includes historic market data from 2017 to 2021. In 2017, the market was valued at USD 2454.66 million. By geography, the global edge computing market is segmented into North America, Europe, APAC, South America, and Middle East and Africa. The report provides actionable insights and estimates the contribution of all regions to the growth of the global edge computing market. North America is estimated to account for 42% of the growth of the global market during the forecast period. The edge computing market in North America is expected to witness considerable growth owing to the growing emphasis on improving efficiency in IT infrastructure within commercial and industrial environments and the increasing adoption of big data analytics and IoT by end-users. The US and Canada are two of the key markets for edge computing in North America. Enterprise customers in the US and Canada are keen on switching to edge computing, with many companies giving priority to switching from core-to-network edge systems in the next few years. Some of the vendors operating in the region are focusing on launching new edge computing platforms. These factors will drive the growth of the regional market during the forecast period. 

– For more Insights, Request a sample report

Global edge computing market – Five Forces
The global edge computing market is fragmented, and the five forces analysis covers– 

Bargaining power of buyers The threat of new entrantsThreat of rivalryBargaining power of suppliersThreat of substitutesInterpretation of porter’s five models helps to strategize the business, for entire details – buy the report!

Global edge computing market – Customer Landscape 

The report includes the market’s adoption lifecycle, from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Global edge computing market – Segmentation Assessment

Segment Overview
Technavio has segmented the market based on end-user (Industrial manufacturing, Telecom, Mobility, Government, and Others), and component (Hardware, Software, Services, and Edge-managed platforms). 

The industrial manufacturing segment will account for a significant share of the global market during the forecast period. Some of the end-users in the industrial manufacturing segment are focusing on creating agreements with the vendors operating in the market in focus to incorporate edge computing in their operations. Therefore, such strategic alliances between vendors and end-users can influence the growth of the market in focus during the forecast period.

Download a Sample Report

Global edge computing market – Market Dynamics
Key factor driving market growth

The rising demand for decentralized computing to reduce latency in decision-making is notably driving the edge computing market growth. The need for low latency in computing or decision-making tasks is increasing the demand for decentralized edge computing solutions. Edge nodes are usually placed a single hop away from the device node, which can save considerable time in reducing the roundabout time between the device and the edge node. Many vendors have started to provide edge computing solutions that can operate independently, without the need for full-time internet access.This allows users to reduce decision-making time in critical applications. This type of computing environment also leads to the removal of a single point of failure or choke point for internet traffic. These factors are driving the growth of the global edge computing market.

Leading trends influencing the market 

The deployment of Industry 4.0 infrastructure is a key trend influencing the edge computing market growth. Industry 4.0 refers to the use of connected automation systems and technologies, such as cyber-physical systems, IoT devices, cloud computing, and cognitive computing, which can enable large-scale automation in factories.The adoption of these technologies is expected to influence the demand for edge computing. Industry 4.0-based manufacturing operations and facilities require several IoT sensors, actuators, and communication tools, which constantly generate data.Edge computing plays an important role in the analysis and implementation of this data in the immediate manufacturing environment in real-time.Hence, the demand for edge computing is expected to grow with the adoption of Industry 4.0 practices. These factors will support the growth of the market during the forecast period.

Major challenges hindering the market growth

Competition from low-cost centralized and general-purpose computing infrastructure may impede the edge computing market growth. Centralized computing infrastructure includes cloud data centers, supercomputing facilities, and centralized data centers used by organizations to support their global operations. These facilities can be transformed to provide computing or processing capabilities as a service to anywhere in the world virtually.Many public/private cloud server operators offer low-cost computing and storage services on a pay-as-you-go basis, which poses a threat to the global edge computing market.Moreover, setting up edge computing infrastructure may require additional capital spending, network infrastructure, and skilled labor for maintenance and operation. Furthermore, some vendors provide software-based edge computing solutions. These factors will impede the growth of the market during the forecast period.

Drivers, trends, and challenges have an impact on market dynamics, which can impact businesses. Find more insights in a sample report!

What are the key data covered in this edge computing market report?

CAGR of the market during the forecast periodDetailed information on factors that will drive the growth of the edge computing market between 2023 and 2027Precise estimation of the size of the edge computing market size and its contribution to the market in focus on the parent marketAccurate predictions about upcoming trends and changes in consumer behaviorGrowth of the edge computing market industry across North America, Europe, APAC, South America, and Middle East and AfricaA thorough analysis of the market’s competitive landscape and detailed information about vendorsComprehensive analysis of factors that will challenge the growth of edge computing market vendors

Gain instant access to 17,000+ market research reports. 

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Related Reports:

The healthcare cloud computing market size is expected to increase to USD 42.21 billion from 2022 to 2027, and the market’s growth momentum will accelerate at a CAGR of 20.55%. This report extensively covers market segmentation by product (SaaS, IaaS, and PaaS), component (hardware and services), and geography (APAC, North America, Europe, Middle East and Africa, and South America).   The size of the computing mouse market is expected to increase by USD 1,654.94 million from 2022 to 2027, and the market’s growth momentum will accelerate at a CAGR of 9.03%. This report extensively covers market segmentation by product (wired and wireless), distribution channel (offline and online), and geography (APAC, North America, Europe, South America, and Middle East and Africa).

Edge Computing Market Scope

Report Coverage

Details

Page number

185

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 24.74%

Market growth 2023-2027

USD 9,928.42 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

22.67

Regional analysis

North America, Europe, APAC, South America, and Middle East and Africa

Performing market contribution

North America at 42%

Key countries

US, China, Japan, Germany, and UK

Competitive landscape

Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

Alphabet Inc., Amazon.com Inc., Arrow Electronics Inc., Capgemini Service SAS, ClearBlade Inc., Dell Technologies Inc., EdgeConneX Inc., General Electric Co., Hewlett Packard Enterprise Co., Huawei Technologies Co. Ltd., Intel Corp., Nokia Corp., NVIDIA Corp., Renesas Electronics Corp., Schneider Electric SE, Telefonaktiebolaget LM Ericsson, Aarna Networks Inc., Cisco Systems Inc., International Business Machines Corp., and Microsoft Corp.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Table of contents

1 Executive Summary

1.1 Market overviewExhibit 01: Executive Summary – Chart on Market OverviewExhibit 02: Executive Summary – Data Table on Market OverviewExhibit 03: Executive Summary – Chart on Global Market CharacteristicsExhibit 04: Executive Summary – Chart on Market by GeographyExhibit 05: Executive Summary – Chart on Market Segmentation by End-userExhibit 06: Executive Summary – Chart on Market Segmentation by ComponentExhibit 07: Executive Summary – Chart on Incremental GrowthExhibit 08: Executive Summary – Data Table on Incremental GrowthExhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystemExhibit 10: Parent marketExhibit 11: Market Characteristics

3 Market Sizing

3.1 Market definitionExhibit 12: Offerings of vendors included in the market definition3.2 Market segment analysis Exhibit 13: Market segments3.3 Market size 20223.4 Market outlook: Forecast for 2022-2027 Exhibit 14: Chart on Global – Market size and forecast 2022-2027 (USD million)Exhibit 15: Data Table on Global – Market size and forecast 2022-2027 (USD million)Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

4.1 Global edge computing market 2017 – 2021 Exhibit 18: Historic Market Size – Data Table on Global edge computing market 2017 – 2021 (USD million)4.2 End-user Segment Analysis 2017 – 2021 Exhibit 19: Historic Market Size – End-user Segment 2017 – 2021 (USD million)4.3 Component Segment Analysis 2017 – 2021 Exhibit 20: Historic Market Size – Component Segment 2017 – 2021 (USD million)4.4 Geography Segment Analysis 2017 – 2021 Exhibit 21: Historic Market Size – Geography Segment 2017 – 2021 (USD million)4.5 Country Segment Analysis 2017 – 2021 Exhibit 22: Historic Market Size – Country Segment 2017 – 2021 (USD million)

5 Five Forces Analysis

5.1 Five forces summaryExhibit 23: Five forces analysis – Comparison between 2022 and 20275.2 Bargaining power of buyers Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 20275.3 Bargaining power of suppliers Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 20275.4 Threat of new entrants Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 20275.5 Threat of substitutes Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 20275.6 Threat of rivalryExhibit 28: Threat of rivalry – Impact of key factors in 2022 and 20275.7 Market conditionExhibit 29: Chart on Market condition – Five forces 2022 and 2027

6 Market Segmentation by End-user

6.1 Market segmentsExhibit 30: Chart on End-user – Market share 2022-2027 (%)Exhibit 31: Data Table on End-user – Market share 2022-2027 (%)6.2 Comparison by End-user Exhibit 32: Chart on Comparison by End-userExhibit 33: Data Table on Comparison by End-user6.3 Industrial manufacturing – Market size and forecast 2022-2027 Exhibit 34: Chart on Industrial manufacturing – Market size and forecast 2022-2027 (USD million)Exhibit 35: Data Table on Industrial manufacturing – Market size and forecast 2022-2027 (USD million)Exhibit 36: Chart on Industrial manufacturing – Year-over-year growth 2022-2027 (%)Exhibit 37: Data Table on Industrial manufacturing – Year-over-year growth 2022-2027 (%)6.4 Telecom – Market size and forecast 2022-2027 Exhibit 38: Chart on Telecom – Market size and forecast 2022-2027 (USD million)Exhibit 39: Data Table on Telecom – Market size and forecast 2022-2027 (USD million)Exhibit 40: Chart on Telecom – Year-over-year growth 2022-2027 (%)Exhibit 41: Data Table on Telecom – Year-over-year growth 2022-2027 (%)6.5 Mobility – Market size and forecast 2022-2027 Exhibit 42: Chart on Mobility – Market size and forecast 2022-2027 (USD million)Exhibit 43: Data Table on Mobility – Market size and forecast 2022-2027 (USD million)Exhibit 44: Chart on Mobility – Year-over-year growth 2022-2027 (%)Exhibit 45: Data Table on Mobility – Year-over-year growth 2022-2027 (%)6.6 Government – Market size and forecast 2022-2027 Exhibit 46: Chart on Government – Market size and forecast 2022-2027 (USD million)Exhibit 47: Data Table on Government – Market size and forecast 2022-2027 (USD million)Exhibit 48: Chart on Government – Year-over-year growth 2022-2027 (%)Exhibit 49: Data Table on Government – Year-over-year growth 2022-2027 (%)6.7 Others – Market size and forecast 2022-2027 Exhibit 50: Chart on Others – Market size and forecast 2022-2027 (USD million)Exhibit 51: Data Table on Others – Market size and forecast 2022-2027 (USD million)Exhibit 52: Chart on Others – Year-over-year growth 2022-2027 (%)Exhibit 53: Data Table on Others – Year-over-year growth 2022-2027 (%)6.8 Market opportunity by End-user Exhibit 54: Market opportunity by End-user (USD million)

7 Market Segmentation by Component

7.1 Market segmentsExhibit 55: Chart on Component – Market share 2022-2027 (%)Exhibit 56: Data Table on Component – Market share 2022-2027 (%)7.2 Comparison by Component Exhibit 57: Chart on Comparison by ComponentExhibit 58: Data Table on Comparison by Component7.3 Hardware – Market size and forecast 2022-2027 Exhibit 59: Chart on Hardware – Market size and forecast 2022-2027 (USD million)Exhibit 60: Data Table on Hardware – Market size and forecast 2022-2027 (USD million)Exhibit 61: Chart on Hardware – Year-over-year growth 2022-2027 (%)Exhibit 62: Data Table on Hardware – Year-over-year growth 2022-2027 (%)7.4 Software – Market size and forecast 2022-2027 Exhibit 63: Chart on Software – Market size and forecast 2022-2027 (USD million)Exhibit 64: Data Table on Software – Market size and forecast 2022-2027 (USD million)Exhibit 65: Chart on Software – Year-over-year growth 2022-2027 (%)Exhibit 66: Data Table on Software – Year-over-year growth 2022-2027 (%)7.5 Services – Market size and forecast 2022-2027 Exhibit 67: Chart on Services – Market size and forecast 2022-2027 (USD million)Exhibit 68: Data Table on Services – Market size and forecast 2022-2027 (USD million)Exhibit 69: Chart on Services – Year-over-year growth 2022-2027 (%)Exhibit 70: Data Table on Services – Year-over-year growth 2022-2027 (%)7.6 Edge-managed platforms – Market size and forecast 2022-2027 Exhibit 71: Chart on Edge-managed platforms – Market size and forecast 2022-2027 (USD million)Exhibit 72: Data Table on Edge-managed platforms – Market size and forecast 2022-2027 (USD million)Exhibit 73: Chart on Edge-managed platforms – Year-over-year growth 2022-2027 (%)Exhibit 74: Data Table on Edge-managed platforms – Year-over-year growth 2022-2027 (%)7.7 Market opportunity by Component Exhibit 75: Market opportunity by Component (USD million)

8 Customer Landscape

8.1 Customer landscape overview Exhibit 76: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentation Exhibit 77: Chart on Market share by geography 2022-2027 (%)Exhibit 78: Data Table on Market share by geography 2022-2027 (%)9.2 Geographic comparison Exhibit 79: Chart on Geographic comparisonExhibit 80: Data Table on Geographic comparison9.3 North America – Market size and forecast 2022-2027 Exhibit 81: Chart on North America – Market size and forecast 2022-2027 (USD million)Exhibit 82: Data Table on North America – Market size and forecast 2022-2027 (USD million)Exhibit 83: Chart on North America – Year-over-year growth 2022-2027 (%)Exhibit 84: Data Table on North America – Year-over-year growth 2022-2027 (%)9.4 Europe – Market size and forecast 2022-2027 Exhibit 85: Chart on Europe – Market size and forecast 2022-2027 (USD million)Exhibit 86: Data Table on Europe – Market size and forecast 2022-2027 (USD million)Exhibit 87: Chart on Europe – Year-over-year growth 2022-2027 (%)Exhibit 88: Data Table on Europe – Year-over-year growth 2022-2027 (%)9.5 APAC – Market size and forecast 2022-2027 Exhibit 89: Chart on APAC – Market size and forecast 2022-2027 (USD million)Exhibit 90: Data Table on APAC – Market size and forecast 2022-2027 (USD million)Exhibit 91: Chart on APAC – Year-over-year growth 2022-2027 (%)Exhibit 92: Data Table on APAC – Year-over-year growth 2022-2027 (%)9.6 South America – Market size and forecast 2022-2027 Exhibit 93: Chart on South America – Market size and forecast 2022-2027 (USD million)Exhibit 94: Data Table on South America – Market size and forecast 2022-2027 (USD million)Exhibit 95: Chart on South America – Year-over-year growth 2022-2027 (%)Exhibit 96: Data Table on South America – Year-over-year growth 2022-2027 (%)9.7 Middle East and Africa – Market size and forecast 2022-2027 Exhibit 97: Chart on Middle East and Africa – Market size and forecast 2022-2027 (USD million)Exhibit 98: Data Table on Middle East and Africa – Market size and forecast 2022-2027 (USD million)Exhibit 99: Chart on Middle East and Africa – Year-over-year growth 2022-2027 (%)Exhibit 100: Data Table on Middle East and Africa – Year-over-year growth 2022-2027 (%)9.8 US – Market size and forecast 2022-2027 Exhibit 101: Chart on US – Market size and forecast 2022-2027 (USD million)Exhibit 102: Data Table on US – Market size and forecast 2022-2027 (USD million)Exhibit 103: Chart on US – Year-over-year growth 2022-2027 (%)Exhibit 104: Data Table on US – Year-over-year growth 2022-2027 (%)9.9 China – Market size and forecast 2022-2027 Exhibit 105: Chart on China – Market size and forecast 2022-2027 (USD million)Exhibit 106: Data Table on China – Market size and forecast 2022-2027 (USD million)Exhibit 107: Chart on China – Year-over-year growth 2022-2027 (%)Exhibit 108: Data Table on China – Year-over-year growth 2022-2027 (%)9.10 Germany – Market size and forecast 2022-2027 Exhibit 109: Chart on Germany – Market size and forecast 2022-2027 (USD million)Exhibit 110: Data Table on Germany – Market size and forecast 2022-2027 (USD million)Exhibit 111: Chart on Germany – Year-over-year growth 2022-2027 (%)Exhibit 112: Data Table on Germany – Year-over-year growth 2022-2027 (%)9.11 UK – Market size and forecast 2022-2027 Exhibit 113: Chart on UK – Market size and forecast 2022-2027 (USD million)Exhibit 114: Data Table on UK – Market size and forecast 2022-2027 (USD million)Exhibit 115: Chart on UK – Year-over-year growth 2022-2027 (%)Exhibit 116: Data Table on UK – Year-over-year growth 2022-2027 (%)9.12 Japan – Market size and forecast 2022-2027 Exhibit 117: Chart on Japan – Market size and forecast 2022-2027 (USD million)Exhibit 118: Data Table on Japan – Market size and forecast 2022-2027 (USD million)Exhibit 119: Chart on Japan – Year-over-year growth 2022-2027 (%)Exhibit 120: Data Table on Japan – Year-over-year growth 2022-2027 (%)9.13 Market opportunity by geography Exhibit 121: Market opportunity by geography (USD million)

10 Drivers, Challenges, and Trends

10.1 Market drivers10.2 Market challenges10.3 Impact of drivers and challenges Exhibit 122: Impact of drivers and challenges in 2022 and 202710.4 Market trends

11 Vendor Landscape

11.1 Overview11.2 Vendor landscapeExhibit 123: Overview on Criticality of inputs and Factors of differentiation11.3 Landscape disruptionExhibit 124: Overview on factors of disruption11.4 Industry risksExhibit 125: Impact of key risks on business

12 Vendor Analysis

12.1 Vendors coveredExhibit 126: Vendors covered12.2 Market positioning of vendors Exhibit 127: Matrix on vendor position and classification12.3 Alphabet Inc.Exhibit 128: Alphabet Inc. – OverviewExhibit 129: Alphabet Inc. – Business segmentsExhibit 130: Alphabet Inc. – Key newsExhibit 131: Alphabet Inc. – Key offeringsExhibit 132: Alphabet Inc. – Segment focus12.4 Amazon.com Inc.Exhibit 133: Amazon.com Inc. – OverviewExhibit 134: Amazon.com Inc. – Business segmentsExhibit 135: Amazon.com Inc. – Key newsExhibit 136: Amazon.com Inc. – Key offeringsExhibit 137: Amazon.com Inc. – Segment focus12.5 Arrow Electronics Inc. Exhibit 138: Arrow Electronics Inc. – OverviewExhibit 139: Arrow Electronics Inc. – Business segmentsExhibit 140: Arrow Electronics Inc. – Key offeringsExhibit 141: Arrow Electronics Inc. – Segment focus12.6 Capgemini Service SAS Exhibit 142: Capgemini Service SAS – OverviewExhibit 143: Capgemini Service SAS – Business segmentsExhibit 144: Capgemini Service SAS – Key newsExhibit 145: Capgemini Service SAS – Key offeringsExhibit 146: Capgemini Service SAS – Segment focus12.7 Cisco Systems Inc.Exhibit 147: Cisco Systems Inc. – OverviewExhibit 148: Cisco Systems Inc. – Business segmentsExhibit 149: Cisco Systems Inc. – Key newsExhibit 150: Cisco Systems Inc. – Key offeringsExhibit 151: Cisco Systems Inc. – Segment focus12.8 ClearBlade Inc.Exhibit 152: ClearBlade Inc. – OverviewExhibit 153: ClearBlade Inc. – Product / ServiceExhibit 154: ClearBlade Inc. – Key newsExhibit 155: ClearBlade Inc. – Key offerings12.9 Dell Technologies Inc. Exhibit 156: Dell Technologies Inc. – OverviewExhibit 157: Dell Technologies Inc. – Business segmentsExhibit 158: Dell Technologies Inc. – Key newsExhibit 159: Dell Technologies Inc. – Key offeringsExhibit 160: Dell Technologies Inc. – Segment focus12.10 EdgeConneX Inc.Exhibit 161: EdgeConneX Inc. – OverviewExhibit 162: EdgeConneX Inc. – Product / ServiceExhibit 163: EdgeConneX Inc. – Key offerings12.11 General Electric Co.Exhibit 164: General Electric Co. – OverviewExhibit 165: General Electric Co. – Business segmentsExhibit 166: General Electric Co. – Key newsExhibit 167: General Electric Co. – Key offeringsExhibit 168: General Electric Co. – Segment focus12.12 Hewlett Packard Enterprise Co. Exhibit 169: Hewlett Packard Enterprise Co. – OverviewExhibit 170: Hewlett Packard Enterprise Co. – Business segmentsExhibit 171: Hewlett Packard Enterprise Co. – Key newsExhibit 172: Hewlett Packard Enterprise Co. – Key offeringsExhibit 173: Hewlett Packard Enterprise Co. – Segment focus12.13 Huawei Technologies Co. Ltd. Exhibit 174: Huawei Technologies Co. Ltd. – OverviewExhibit 175: Huawei Technologies Co. Ltd. – Business segmentsExhibit 176: Huawei Technologies Co. Ltd. – Key newsExhibit 177: Huawei Technologies Co. Ltd. – Key offeringsExhibit 178: Huawei Technologies Co. Ltd. – Segment focus12.14 Intel Corp.Exhibit 179: Intel Corp. – OverviewExhibit 180: Intel Corp. – Business segmentsExhibit 181: Intel Corp. – Key newsExhibit 182: Intel Corp. – Key offeringsExhibit 183: Intel Corp. – Segment focus12.15 International Business Machines Corp. Exhibit 184: International Business Machines Corp. – OverviewExhibit 185: International Business Machines Corp. – Business segmentsExhibit 186: International Business Machines Corp. – Key newsExhibit 187: International Business Machines Corp. – Key offeringsExhibit 188: International Business Machines Corp. – Segment focus12.16 Microsoft Corp.Exhibit 189: Microsoft Corp. – OverviewExhibit 190: Microsoft Corp. – Business segmentsExhibit 191: Microsoft Corp. – Key newsExhibit 192: Microsoft Corp. – Key offeringsExhibit 193: Microsoft Corp. – Segment focus12.17 Telefonaktiebolaget LM Ericsson Exhibit 194: Telefonaktiebolaget LM Ericsson – OverviewExhibit 195: Telefonaktiebolaget LM Ericsson – Business segmentsExhibit 196: Telefonaktiebolaget LM Ericsson – Key newsExhibit 197: Telefonaktiebolaget LM Ericsson – Key offeringsExhibit 198: Telefonaktiebolaget LM Ericsson – Segment focus

13 Appendix

13.1 Scope of the report13.2 Inclusions and exclusions checklist Exhibit 199: Inclusions checklistExhibit 200: Exclusions checklist13.3 Currency conversion rates for USUSD Exhibit 201: Currency conversion rates for USUSD13.4 Research methodologyExhibit 202: Research methodologyExhibit 203: Validation techniques employed for market sizingExhibit 204: Information sources13.5 List of abbreviations Exhibit 205: List of abbreviations

About US
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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