Industrial Edge Computing Market – By Deployment Type ,By Technology , By Component, By Application , By Industry Vertical , By Geography - Global Opportunity Analysis & Industry Forecast, 2024-2030

Report Code: ITR 0456 Report Format: PDF + Excel

Industrial Edge Computing Market

Industrial Edge Computing Market size is estimated to reach $11.5 billion by 2030, growing at a CAGR of 12.5% during the forecast period 2024-2030. The robust growth of IoT devices, surging demand for low-latency processing, and the rapid adoption of 5G technology are propelling the Industrial Edge Computing Market growth. There is a growing emphasis on integrating edge computing capabilities with IIoT devices and systems. This integration enhances the efficiency of industrial processes by enabling local data processing, analysis, and decision-making. It also helps in optimizing bandwidth usage and reducing the burden on central data centers. Additionally, the growing demand for remote monitoring and control is creating substantial growth opportunities for the Industrial Edge Computing Market. These factors positively influence the Industrial Edge Computing industry outlook during the forecast period.


Industrial Edge Computing Market - Report Coverage:

The Industrial Edge Computing Market Report - Forecast (2024-2030) by IndustryARC, covers an in-depth analysis of the following segments in the Industrial Edge Computing Market.

 

Attribute Segment

By Deployment Type

  • Cloud Based

  • On-Premises

By Technology 

  • Edge Analytics

  • Edge Gateway

  • Edge Computing Hardware

  • Others

By Component

  • Hardware

  • Services

  • Software

By Application

  • Predictive Maintenance

  • Asset Tracking

  • Remote Monitoring

  • Others

By Industry Vertical  

  • Manufacturing

  • Healthcare

  • Energy and Utilities

  • Transportation and Logistics

  • Others

By Geography

  • North America (U.S., Canada and Mexico)

  • Europe (Germany, France, UK, Italy, Spain, Russia and Rest of Europe),

  • Asia-Pacific (China, Japan, South Korea, India, Australia & New Zealand and Rest of Asia-Pacific),

  • South America (Brazil, Argentina, Chile, Colombia and Rest of South America)

  • Rest of the World (Middle East and Africa).

COVID-19 /Ukraine Crisis - Impact Analysis:

 

  The COVID-19 pandemic had a notable impact on the Industrial Edge Computing market. With supply chain disruptions and restrictions on movement, industries turned to edge computing for localized data processing and improved resilience. Remote monitoring and predictive maintenance solutions gained traction as companies sought to optimize operations and reduce on-site personnel. Additionally, the pandemic accelerated digital transformation, leading to increased adoption of edge computing to support remote work and ensure business continuity.

 The Ukrainian crisis had notable implications for the Industrial Edge Computing market. Geopolitical tensions and economic uncertainties in the region disrupted supply chains and affected businesses globally. Companies heavily reliant on Ukrainian technology providers faced challenges, potentially leading to delays or disruptions in edge computing projects. Furthermore, the crisis brought renewed attention to data security and the need for localized processing in critical industries.

Key Takeaways:

             Fastest Growth Asia-Pacific Region : 

 

Geographically, in the global Industrial Edge Computing Market share, Asia Pacific is analyzed to grow with the highes CAGR of 15.2% during the forecast period 2024-2030. The Increasing industrialization, rapid adoption of IoT and Industry 4.0 technologies, and rising demand for real-time data processing have driven the need for edge computing solutions in the region. Moreover, the deployment of 5G networks has enhanced the connectivity and enabled seamless data transmission, further boosting the adoption of edge computing in various industries across the Asia-Pacific region.

 

 Asset Tracking is Leading the Market : 

 

According to the Industrial Edge Computing Market forecast, the Asset Tracking held the largest market share of 25.2% in 2023 owing to its wide-ranging applications and benefits. The ability to monitor and manage assets in real-time using edge computing solutions has become a critical requirement for industries seeking operational efficiency and cost optimization. Asset tracking solutions provide insights into asset location, utilization, and health, enabling better resource allocation and preventive maintenance.

 

 The Robust Growth of IoT Devices :

 With an ever-increasing number of interconnected devices and sensors in various industries, there is a tremendous surge in data generation at the edge of the network. Edge computing addresses the need for real-time data processing, enabling rapid insights and decision-making. By processing data closer to the source, edge computing reduces latency, optimizes bandwidth usage, and enhances overall system efficiency. This critical synergy between IoT devices and edge computing solutions is propelling the industrial sector's adoption of edge computing technologies.

 

 The Surging Demand for Low-Latency Processing : 

Industries increasingly rely on real-time data analysis for critical applications such as industrial automation, autonomous systems, and remote monitoring. Edge computing brings data processing closer to the source, reducing the time it takes to analyze and act on data. This capability is crucial for applications that require immediate response and minimal delay. As the need for low-latency processing grows, industrial sectors are turning to edge computing solutions to meet these demands, driving the widespread adoption of edge computing technologies in the market.

 

 High Costs of Edge Computing Solutions Hamper the Market Growth : 

Implementing edge computing infrastructure and deploying edge devices can involve substantial upfront investments, which may deter some businesses from adopting these solutions. Additionally, maintenance and management costs further add to the overall expense. Industries, especially small and medium-sized enterprises (SMEs), may find it financially burdensome to adopt edge computing despite its benefits. Addressing the cost barriers and offering cost-effective solutions could encourage wider adoption and unlock the full potential of the industrial edge computing market.

 

        Industrial Edge Computing Market Share (%) By Region, 2023

 

                                                                                  For More Details On this report - Request For Sample

Key Market Players:

Product/Service launches, approvals, patents and events, acquisitions, partnerships and collaborations are key strategies adopted by players in the Industrial Edge Computing Market. The top 10 companies in this industry are listed below

  1. Amazon Web Services, Inc. (AWS IoT Greengrass, AWS Wavelength)
  2. Google Cloud Platform(Google Cloud Edge TPU, Google Cloud IoT Edge)
  3. Microsoft Azure (Azure IoT Edge, Azure Stack Edge)
  4. International Business Machines Corporation (IBM Edge Gateway)
  5. Cisco Systems, Inc.(Cisco Kinetic for Edge, Cisco IOx)
  6. Hewlett Packard Enterprise Company(HPE Edgeline Converged Edge Systems)
  7. Dell Inc.(Dell Edge Gateway, Dell Edge Insights)
  8. Intel Corporation (Intel® Distribution of OpenVINO™ toolkit)
  9. Advantech Co Ltd (Advantech EdgeNode, Advantech EdgeVisor)
  10. Kontron AG (Kontron EdgeBox, Kontron Edge Device Manager)

Scope of the Report:

 

Report Metric Details

Base Year Considered

2023

Forecast Period

2024–2030

CAGR

12.5%

Market Size in 2030

$11.5 billion

Segments Covered

Deployment Type, Technology, Component, Application, Industry Vertical and Region

Geographies Covered

North America (U.S., Canada and Mexico), Europe (Germany, France, UK, Italy, Spain, Russia and Rest of Europe), Asia-Pacific (China, Japan, South Korea, India, Australia, New Zealand and Rest of Asia-Pacific), South America (Brazil, Argentina, Chile, Colombia and Rest of South America), Rest of the World (Middle East and Africa).

Key Market Players

  1. Amazon Web Services, Inc.

  2. Google Cloud Platform

  3. Microsoft Azure

  4. International Business Machines Corporation

  5. Cisco Systems, Inc.

  6. Hewlett Packard Enterprise Company

  7. Dell Inc.

  8. Intel Corporation

  9. Advantech Co Ltd

  10. Kontron AG


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1. Industrial Edge Computing Market - Overview
    1.1. Definitions and Scope
2. Industrial Edge Computing Market - Executive Summary
3. Industrial Edge Computing Market - Comparative Analysis
    3.1. Company Benchmarking - Key Companies
    3.2. Global Financial Analysis - Key Companies
    3.3. Market Share Analysis - Key Companies
    3.4. Patent Analysis
    3.5. Pricing Analysis
4. Industrial Edge Computing Market - Start-up Companies Scenario 
        4.1.1. Investment
        4.1.2. Revenue
        4.1.3. Venture Capital and Funding Scenario
5. Industrial Edge Computing Market – Market Entry Scenario Premium 
    5.1. Regulatory Framework Overview
    5.2. New Business and Ease of Doing Business Index
    5.3. Case Studies of Successful Ventures
6. Industrial Edge Computing Market - Forces
    6.1. Market Drivers
    6.2. Market Constraints
    6.3. Market Challenges
    6.4. Porter's Five Force Model
        6.4.1. Bargaining Power of Suppliers
        6.4.2. Bargaining Powers of Customers
        6.4.3. Threat of New Entrants
        6.4.4. Rivalry Among Existing Players
        6.4.5.Threat of Substitutes
7. Industrial Edge Computing Market – Strategic Analysis
    7.1. Value Chain Analysis
    7.2. Opportunities Analysis
    7.3. Market Life Cycle
8. Industrial Edge Computing Market – by Deployment Type (Market Size – $Million/$Billion) 
    8.1. Cloud Based 
    8.2. On-Premises
9. Industrial Edge Computing Market – by Technology  (Market Size – $Million/$Billion)
    9.1. Edge Analytics 
    9.2. Edge Computing Hardware
    9.3. Edge Gateway
    9.4. Others
10. Industrial Edge Computing Market – by Component (Market Size – $Million/$Billion)
    10.1. Hardware 
    10.2. Services
    10.3. Software
11. Industrial Edge Computing Market – by Application (Market Size – $Million/$Billion)
    11.1. Predictive Maintenance 
    11.2. Asset Tracking
    11.3. Remote Monitoring
    11.4. Others
12. Industrial Edge Computing Market – by Industry Vertical (Market Size – $Million/$Billion)
    12.1. Manufacturing  
    12.2. Healthcare
    12.3. Energy and Utilities
    12.4. Transportation and Logistics
    12.5. Others
13. Industrial Edge Computing Market – by Geography (Market Size – $Million/$Billion) 
    13.1. North America
        13.1.1. The U.S.
        13.1.2. Canada
        13.1.3. Mexico
    13.2. Europe
        13.2.1. UK
        13.2.2. Germany
        13.2.3. France
        13.2.4. Italy
        13.2.5. Spain
        13.2.6. Russia
        13.2.7. Rest of Europe
    13.3. Asia-Pacific
        13.3.1. China
        13.3.2. India
        13.3.3. Japan
        13.3.4. South Korea
        13.3.5. Australia & New Zealand
        13.3.6. Rest of Asia-Pacific
     13.4. South America
        13.4.1. Brazil
        13.4.2. Argentina
        13.4.3. Chile
        13.4.4. Colombia
        13.4.5. Rest of South America
    13.5. Rest of the World
        13.5.1. Middle East
        13.5.2. Africa
14. Industrial Edge Computing Market – Entropy
15. Industrial Edge Computing Market – Industry/Segment Competition Landscape 
    15.1. Market Share Analysis
        15.1.1. Market Share by Deployment Type – Key Companies
        15.1.2. Market Share by Region – Key Companies
        15.1.3. Market Share by Country – Key Companies
    15.2. Competition Matrix
    15.3. Best Practices for Companies
16. Industrial Edge Computing Market – Key Company List by Country Premium  
17. Industrial Edge Computing Market - Company Analysis
    17.1. Amazon Web Services, Inc.
    17.2. Google Cloud Platform
    17.3. Microsoft Azure
    17.4. International Business Machines Corporation
    17.5. Cisco Systems, Inc.
    17.6. HPE
    17.7. Dell
    17.8. Intel
    17.9. Advantec 
    17.10. Kontron
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The Industrial Edge Computing Market is projected to grow at 12.5% CAGR during the forecast period 2023-2030.

The Global Industrial Edge Computing Market size is estimated to be $4.6 billion in 2023 and is projected to reach $11.5 billion by 2030.

The leading players in the Industrial Edge Computing Market are Amazon Web Services, Inc., Google Cloud Platform, Microsoft Azure, International Business Machines Corporation, Cisco Systems, Inc. and others.

The enhanced operational efficiency and productivity, the high demand for remote monitoring and control and the high demand for real-time data processing and analysis are some of the major Industrial Edge Computing Market trends in the industry which will create growth opportunities for the market during the forecast period.

The robust growth of IoT devices, surging demand for low-latency processing, and the rapid adoption of 5G technology are propelling the market growth. The growing demand for remote monitoring and control is creating substantial growth opportunities for the Industrial Edge Computing Market.