• Stacy Lawlor

Global Edge Computing Devices Market Size to value at $20.78 Billion by 2028

The Global Edge Computing Devices Market is expected to value at USD 20.78 Billion by 2028, at a CAGR of 22.5% in the forecast period. Edge computing devices are hardware that drives edge computing applications through a wide variety of industries.

Edge Computing Devices Market

Faster networking technologies, such as 5G wireless, allow advanced computing systems to accelerate the development or support of real-time applications, such as autonomous vehicles, video processing and analytics, artificial intelligence, and smart robotics. The amalgamation of AI and edge will enable quick decision-making and drive real-time operations smoothly. The global edge computing devices market is expected to observe strong growth in the coming years due to the huge increase in the number of smart IoT applications and the rapid spread of smart IoT applications across different industry segments. The emergence of connected car infrastructure and autonomous vehicles is propelling the market growth of edge computing devices. The automotive players are heavily investing in edge devices to overcome business challenges. It plays a vital role in certain various use cases such as rash driving detection, vehicle health monitoring, driver monitoring systems, etc. which drives the edge computing devices market.

Edge Computing Devices Market

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The increasing demand for high-speed internet amongst individuals and businesses for buffer-free streaming will play a prominent role in the growth of the global edge computing devices market. The prominence of OTT services such as Amazon Prime, Netflix, Disney+, Hulu, etc. has disrupted the media and entertainment industry. On-demand content is being increasingly preferred by the younger generation, and the advent of 5G will provide them with a tool for viewing high-quality content on the go. High-speed internet is required for providing a hassle-free streaming experience. Furthermore, with the growth of smart surveillance and disparate video streams from IoT devices, edge computing will play the role of a personalized authentication device to directly process on the local edge server.


Collaboration between the IT companies and telecommunication providers will help in the acceleration of edge computing network. For instance, in March 2020, Google has collaborated with AT&T to launch Global Mobile Edge Cloud (GMEC) to work on 5G edge computing solutions to address business challenges across various industries such as manufacturing, retail, and transportation. Also, announced Anthos for telecommunication companies to deliver an open platform. In October 2020, in partnership with Alliance Partners StarMagic and HPE, Schneider Electric has introduced a wall-mounted 'Edge in a Box' solution. Developed for locations with limited space, it aims to meet the demand for a compact, lightweight, ultra-low latency edge solution. Schneider Electric also tested two industrial 5G use cases (AR and mobile robots) in a French factory in collaboration with Orange.


Edge nodes segment holds a major share in the market owing to the rising usage across organizations to ensure smooth connectivity between the enterprises and service providers. It offers a faster huge amount of data transmission empowered with ultra-low-latency connectivity. For instance, Ericsson offers Edge Gravity, an edge service provider which can be deployed at various sites to optimize online gaming, CDNs, SD-WAN, and other applications for the long run. Manufacturing segment continues to be the dominant vertical due to the rising smart factories, miniaturization of machines, and advent of industry 4.0. It enables faster, flexible, and optimizes processes for the production of high-quality products at lower costs. The IT and telecommunication segment is expected to hold a significant market share in the forecasted period owing to the rising acquisitions and mergers between the IT companies and telecommunication service providers. For instance, IBM Corporation and AT&T collaborated to work on the 5G network using edge computing technology in October 2020.


Edge Computing Devices Market

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North America accounted for the highest market share in the global edge computing devices market in 2019. The demand for IoT-based edge computing has been boosted by the growth of connected devices & wireless connectivity with the rising usage of IoT-enabled devices in the region. In addition, developed countries like the U.S. & Canada with large digitalized services providers, such as Microsoft, Cisco, and IBM Corporation are continuously accelerating the development in the edge computing devices market. Asia Pacific is expected to showcase the highest CAGR over the forecast period. Countries like China and Japan due to the availability of infrastructure that will unlock a broad range of distributed applications across enterprises. For instance, in September 2020, CNCF Technical Steering Committee announced the acceptance of KubeEdge, a product of Futurewei (an affiliate of Huawei) to modify the edge devices clubbed with an extension of the cloud.


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