Smart Homes Edge Computing Global Demand, Key Players, Overview, Supply and Consumption Analysis

ICT companies are extensively adopting technologies such as cloud computing and artificial intelligence to ensure seamless operations as teams continue working from home. Focus on fast automation, use of real-time operation within various end-use sectors such as automotive, food & beverage and others will provide stimulus to the growth.

The report offers actionable and valuable market insights of Smart Homes Edge Computing. The latest report by Fact.MR provides details on the present scenario of the market across various regions along with the historic data and forecast of the market. The report also includes information on the sales and demand of Smart Homes Edge Computing Market across various industries and regions.

To remain ‘ahead’ of your competitors, request for a sample –  https://www.factmr.com/connectus/sample?flag=S&rep_id=4761

The market study done by Fact.MR gives exclusive information about how the market will grow. The study identifies crucial trends that are determining the growth of Smart Homes Edge Computing market. This newly published report sheds light on vital dynamics, such as the drivers, restraints, and opportunities for key market players as well as emerging players associated with the production and supply. The latest report by Fact.MR provides detailed Market Analysis of Smart Homes Edge Computing

This newly published and insightful report sheds light on Market Insights of Smart Homes Edge Computing, key dynamics, their impact on the overall value chain from suppliers to end-users and Growth of Smart Homes Edge Computing Market.

Edge computing products facilitate enhanced processing power and data transmission between connected devices. Shift in consumer preference for smart devices over conventional vehicles, and homes drives the demand for edge computing components such as services, software, and edge-managed platforms. Industrial automation trends that employ artificial intelligence (AI), and machine learning (ML) to curb costs and increase production capacities also contributes to growth.

Need more information about Report Methodology? Click here-  https://www.factmr.com/connectus/sample?flag=RM&rep_id=4761

The global edge computing market exhibits a skyrocketing growth trajectory with 30% CAGR during the forecast period (2020 – 2030). Edge computing sensors, and routers act as input mechanisms for industrial automation. When combined with edge-managed platforms, organizations can remotely monitor, and control production processes. Market players are investing in expanding their global footprint in high-growth regions such as East Asia.

Key Takeaways of Edge Computing Market Study

• North America leads global sales with 46% share of the total market value. Presence of prominent edge computing companies in the US are primary drivers of growth for market players.
• South Asia & Oceania offers the most lucrative opportunities with the highest double-digit growth rate of 32% during the forecast period. Surge in economic digitization of countries such as Indonesia, Singapore, and Malaysia is pushing the adoption of edge computing in this region.
• Energy & utilities accounts for the largest share of the market value. The 18% share can be accredited to cost efficiency and enhanced control over energy grids offered by edge computing products.
• Datacenters is the most financially rewarding application segment with a meteoric 32.5% CAGR through 2030. Innovation in infrastructure and data transmission models drive the demand from this application segment.
• Hardware is the most selling component segment with more than 46% share of the total market revenue. Surging adoption of AI, ML, and the Internet of Things (IoT) furthers the demand for hardware components such as edge nodes, sensors, and routers.
• Edge computing services offer the most remunerative opportunities with a stupendous 31.5% CAGR during the projection period. Disruptive start-ups working on AI, ML, and IoT leverage the cost efficiency of edge computing services over buying hardware. This is a major driver for growth of this component segment.

Digital Transformation Due to COVID-19 Lockdowns- Key Growth Factor

Workforces across industries and companies are adopting digital methods of collaboration due to the COVID-19 pandemic. This has led to a surge in demand for edge computing capabilities by IT companies that offer collaboration products. Google LLC, Zoom Video Communications, and Datacenter providers are some examples of edge computing. As the user counts increase, so will the need for enhanced edge computing. For instance, Zoom Video Communications has been buying servers across the world to increase its user capacity. The company has witnessed a huge uptake in user counts since nationwide lockdowns were imposed to contain the spread of COVID-19.

Similarly, Google LLC is increasing its processing power to facilitate the use of its products such as Hangouts, Google Classrooms, and Google Business. The trend of digital transformation among organizations and consumers alike, presents exponential growth opportunities for market players. Further, it is expected that once on-board, users of edge computing will realize the benefits of the varied range of products and continue to generate demand during the forecast period.

Global Edge Computing Market: In-Depth Assessment on Key Segments

The global edge computing market is segmented on the basis of component, application, and region.

Component

• Hardware
• Edge Nodes/Gateways (Servers)
• Sensors/Routers
• Others
• Software
• Services
• Edge-Managed Platform

Application

• Energy & Utilities
• Industrial
• Transportation & Logistics
• Smart Cities, Smart Homes, Smart Buildings
• Healthcare
• Agriculture
• Retail
• Datacenters
• Others

Region

• North America
• Latin America
• Europe
• East Asia
• South Asia & Oceania
• Middle East & Africa

This taxonomy and the detailed TOC prepared are confidential and intended exclusively for the individual or entity with whom it is being shared. Reading, disseminating, distributing, or copying this to any party other than the addressee(s) is unauthorized and prohibited.

Full Access of this Exclusive Report is Available at-  https://www.factmr.com/checkout/4761

Key Question answered in the survey of Smart Homes Edge Computing market report:

• Sales and Demand of Smart Homes Edge Computing
• Growth of Smart Homes Edge Computing Market
• Market Analysis of Smart Homes Edge Computing
• Market Insights of Smart Homes Edge Computing
• Key Drivers Impacting the Smart Homes Edge Computing market
• Which are the Key drivers impacted by Smart Homes Edge Computing market
• Restraints Shaping Market Growth
• Market Survey of Smart Homes Edge Computing

More Valuable Insights on Smart Homes Edge Computing Market

Fact.MR, in its new report, offers an unbiased Market Analysis of Smart Homes Edge Computing, Sales and Demand of Smart Homes Edge Computing, analyzing forecast statistics through 2019 and beyond. The study reveals growth projections on the basis of various criteria.

Read More Trending Reports of Fact.MR-

https://www.prnewswire.com/news-releases/convergence-of-it–iiot-to-affect-demand-of-connected-worker-solutions-factmr-report-301222968.html

About Us:

Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Our sales offices in United States and Dublin, Ireland. Headquarter based in Dubai, UAE. Reach out to us with your goals, and we’ll be an able research partner.

Contact:
US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583

Corporate Headquarter:
Unit No: AU-01-H Gold Tower (AU),
Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers,
Dubai, United Arab Emirates
Email: sales@factmr.com
Visit Our Website: https://www.factmr.com