Edge Computing Market Trends

Growth Drivers

Rising Number of Smart City Projects - Increasing urbanization trends mean that the world's population is expected to grow from 36 billion to 63 billion people by 2050. Urban populations consume 75% of the world's energy and account for 80% of greenhouse gas emissions. The Smart City Project aims to solve various urban issues using ICT-based technology. This will allow citizens to access data and make decisions. Increasing demand for better operational intelligence to reduce latency and provide real-time analytics will force smart city projects to move to edge computing. By deploying edge computing infrastructure at the edge of the network, close to sensors, devices, and endpoints, cities can reduce latency and effectively process large amounts of data generated by various IoT devices and sensors.
Deployment of Edge Computing in Connected Healthcare - As connected healthcare continues to advance around the world, the cloud is expected to come under pressure. As the population increases and lifestyle-related diseases increase, a huge amount of data will become available. This requires an edge network to support data storage. Edge computing is expected to play a role in global healthcare connectivity. Edge computing locates storage, monitors and diagnoses patients, and performs analytics remotely via mobile applications or portals. This technology allows real-time monitoring of patient health using a mobile application or portal. Improve customer satisfaction and improve operational efficiency. Provide patients with important health tips and ensure personalized record-keeping.

Challenges

Security Threats Associated - Adding vulnerable edge nodes and Internet of Things devices to the edge computer architecture poses a cyber threat. Most of these devices do not need to be authenticated with third party APIs in order to use them easily. Consequently, they are susceptible to attack, spying, injurious interference, and identity forgery.
Complication in Discovering the Edge Nodes is Set to Hamper the Market Growth in the Upcoming Period
General Purpose Computing on Edge is Expected to Pose Limitations on the Market Expansion.

Edge Computing Market: Key Insights

Base Year	2024
Forecast Year	2025-2037
CAGR	34.5%
Base Year Market Size (2024)	USD 20.86 billion
Forecast Year Market Size (2037)	USD 983.34 billion
Regional Synopsis	North America (U.S., and Canada) Latin America (Mexico, Argentina, Rest of Latin America) Asia-Pacific (Excluding Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific) Japan Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe) Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of edge computing is estimated at USD 26.62 billion.

Edge Computing Market size was over USD 20.86 billion in 2024 and is poised to exceed USD 983.34 billion by the end of 2037, witnessing over 34.5% CAGR during the forecast period i.e., between 2025-2037. The growing smart city project and increasing demand for connected vehicles will drive the market growth.

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.

The major players in the market are of IBM Corporation, Amazon Web Services Inc., Microsoft Corporation, Cisco System Inc., Nokia Firm, and others.

Edge Computing Market Trends