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The global Edge Computing in Manufacturing market was valued at US$ 1575.7 million in 2022 and is projected to reach US$ 5678.2 million by 2029, at a CAGR of 20.1% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
Edge computing refers to the allocation of computing workloads to the ?edges? of a network?to devices and resources closer to network endpoints than a centralized data center or cloud. In manufacturing industry, advances in edge computing mean that manufacturing is returning to a decentralized model. Rather than concentrate data processing in a single location, decentralized systems like edge computing take advantage of the compute and storage capacity extant at nodes throughout the network. This type of structure is ?decentralized? because computing is done where there are available and sufficient resources. With decentralized systems, proximity is a leading determinant of where processing occurs.
This report aims to provide a comprehensive presentation of the global market for Edge Computing in Manufacturing, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Edge Computing in Manufacturing. This report contains market size and forecasts of Edge Computing in Manufacturing in global, including the following market information:
North America is the largest consumption area, making up 42.50% in 2019. Europe ranks the second, total Edge Computing in Manufacturing accounted for 29.55%. Asia Pacific is projected to share significant growth in the edge computing in manufacturing market owing to increasing demand for edge computing in automotive and chemical industry and rapidly growing manufacturing industry market in emerging developing economies like India and China. Of the major players of edge computing in manufacturing, IBM maintained its first place in the ranking in 2019. IBM accounted for 14.98% of global edge computing in manufacturing revenue market share in 2019. Other players accounted for 13.50% and 12.84% including Amazon Web Services, Microsoft. On the basis of product type, the software & services segment is projected to account for the largest market share during the forecast period; this segment was estimated to account for 65.53% market share in 2019. In the applications, the Electronics segment was estimated to account for the highest market share of 22.93% in 2019. Flowed by Automobile & Transportation, which accounted for 19.83%.
We surveyed the Edge Computing in Manufacturing companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Edge Computing in Manufacturing Market, by Type, 2018-2023, 2024-2029 ($ millions)
Global Edge Computing in Manufacturing Market Segment Percentages, by Type, 2022 (%)
Global Edge Computing in Manufacturing Market, by Application, 2018-2023, 2024-2029 ($ millions)
Global Edge Computing in Manufacturing Market Segment Percentages, by Application, 2022 (%)
Global Edge Computing in Manufacturing Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions)
Global Edge Computing in Manufacturing Market Segment Percentages, By Region and Country, 2022 (%)
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Edge Computing in Manufacturing revenues in global market, 2018-2023 (estimated), ($ millions)
Key companies Edge Computing in Manufacturing revenues share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
Outline of Major Chapters: