Product Code: GVR-4-68040-110-7
5G Edge Computing Market Growth & Trends:
The global 5G edge computing market size is expected to reach USD 51.44 billion by 2030, growing at a compound annual growth rate (CAGR) of 49.8% from 2023 to 2030, according to a new study by Grand View Research, Inc.. The key feature of edge computing architecture is bringing backend functions closer to the user network. This is expected to play a crucial role in reducing real-time latency and enhancing security by minimizing the amount of data transmitted and processed in the cloud to meet and exceed consumer expectations, which is expected to boost the expansion of the market further over the forecast period.
Technology is observing increased adoption across industries such as automotive, IT, telecom, and data center. The retail sector is also projected to experience substantial disruption due to the integration of multi-access edge computing (MEC) technology with 5G connectivity. The use of MEC technology is projected to minimize data processing time and increase the effectiveness of in-store systems, allowing for better resolution of consumer complaints. Additionally, the implementation of this technology is intended to reduce the burden of external mega sites, providing users with a more seamless in-store experience. 5G edge computing integration in network systems reduces the total cost of ownership and creates quick returns on investment compared to legacy systems, which could encourage smaller retail chains to adopt 5G edge computing technology.
The rise in the adoption of artificial intelligence and machine learning technologies and their incorporation in edge hardware and software solutions are compelling the market leaders to launch new products, catering to everchanging demands from different industry verticals. For instance, in June 2023, T-Mobile, a mobile telecommunication company, partnered with Google Cloud to integrate their 5G connectivity and edge computing technologies. This collaboration has resulted in a powerful solution that empowers users across industries like manufacturing, retail, and logistics to harness the benefits of edge computing and 5G as they undergo digital transformation. Such development by key players is expected to drive the 5G edge computing industry growth over the forecast period.
5G Edge Computing Market Report Highlights:
- In terms of solution, the software segment accounted for the highest revenue share of more than 47% of the global market in 2022. Virtualization software enables operators to deploy and manage virtualized network functions (VNF), which is driving the segment growth
- Based on end-use, the IT & Telecom segment dominated the market in 2022 with revenue share exceeding 21%, while the Energy & Utilities category is anticipated to grow at the fastest CAGR of more than 55% over the forecast period
- The Asia Pacific regional market is likely to grow at a CAGR of more than 56% over the forecast period. Companies in the region are offering the combined functionality of cloud computing and edge computing solutions to extend 5G edge computing architecture for commercial services
Table of Contents
Chapter 1 Methodology and Scope
- 1.1 Market Segmentation & Scope
- 1.2 Market Definitions
- 1.3 Information Procurement
- 1.3.1 Information Analysis
- 1.3.2 Market Formulation & Data Visualization
- 1.3.3 Data Validation & Publishing
- 1.4 Research Scope and Assumptions
- 1.4.1 List of Data Sources
Chapter 2 Executive Summary
- 2.1 Market Snapshot
- 2.2 Segment Snapshot
- 2.3 Competitive Landscape Snapshot
Chapter 3 Market Variables, Trends & Scope
- 3.1 Market Lineage Outlook
- 3.2 Industry Value Chain Analysis
- 3.3 Market Dynamics
- 3.3.1 Market Driver Analysis
- 3.3.2 Market Restraint Analysis
- 3.3.3 Market Challenges
- 3.3.4 Market Opportunities
- 3.4 Industry Analysis Tools
- 3.4.1 PORTER'S Analysis
- 3.4.2 Macroeconomic Analysis
- 3.5 5G Edge Computing Market - Use Cases
- 3.6 5G Edge Computing Market - COVID-19 Impact Analysis
Chapter 4 Solution Estimates & Trend Analysis
- 4.1 Solution Movement Analysis & Market Share, 2022 & 2030
- 4.2 5G Edge Computing Market Estimates & Forecast, By Solution (USD Million)
- 4.2.1 Hardware
- 4.2.2 Software
- 4.2.3 Services
Chapter 5 End-use Estimates & Trend Analysis
- 5.1 End-use Movement Analysis & Market Share, 2022 & 2030
- 5.2 5G Edge Computing Market Estimates & Forecast, By End-use (USD Million)
- 5.2.1 IT & Telecom
- 5.2.2 Smart Homes, Smart Cities, and Smart Buildings
- 5.2.3 Datacenters
- 5.2.4 Energy & Utilities
- 5.2.5 Automotive
- 5.3.6 Healthcare
- 5.2.7 Others
Chapter 6 Regional Estimates & Trend Analysis
- 6.1 5G Edge Computing Market by Region, 2022 & 2030
- 6.2 North America
- 6.2.1 North America 5G Edge Computing Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 6.2.2 U.S.
- 6.2.2.1 U.S. 5G Edge Computing Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 6.2.3 Canada
- 6.2.3.1 Canada 5G Edge Computing Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 6.3 Europe
- 6.3.1 Europe 5G Edge Computing Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 6.3.2 Germany
- 6.3.2.1 Germany 5G Edge Computing Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 6.3.3 U.K.
- 6.3.3.1 U.K. 5G Edge Computing Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 6.3.4 France
- 6.3.4.1 France 5G Edge Computing Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 6.3.5 Italy
- 6.3.5.1 Italy 5G Edge Computing Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 6.3.6 Spain
- 6.3.6.1 Spain 5G Edge Computing Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 6.4 Asia Pacific
- 6.4.1 Asia Pacific 5G Edge Computing Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 6.4.2 China
- 6.4.2.1 China 5G Edge Computing Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 6.4.3 Japan
- 6.4.3.1 Japan 5G Edge Computing Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 6.4.4 India
- 6.4.4.1 India 5G Edge Computing Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 6.4.5 South Korea
- 6.4.5.1 South Korea 5G Edge Computing Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 6.5 Latin America
- 6.5.1 Latin America 5G Edge Computing Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 6.5.2 Brazil
- 6.5.2.1 Brazil 5G Edge Computing Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 6.5.3 Mexico
- 6.5.3.1 Brazil 5G Edge Computing Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 6.6 Middle East & Africa (MEA)
- 6.6.1 MEA 5G Edge Computing Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 6.6.2 Saudi Arabia
- 6.6.2.1 Saudi Arabia 5G Edge Computing Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 6.6.3 UAE
- 6.6.3.1 UAE 5G Edge Computing Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Chapter 7 5G Edge Computing Market - Competitive Landscape
- 7.1 Key Market Participants
- 7.1.1 ADLINK Technology Inc.
- 7.1.2 Advantech Co., Ltd.
- 7.1.3 Amazon Web Services Inc.
- 7.1.4 Hewlett Packard Enterprise Development LP
- 7.1.5 Huawei Technologies Co., Ltd.
- 7.1.6 Juniper Networks, Inc.
- 7.1.7 Saguna Network Ltd.
- 7.1.8 EdgeConneX, Inc.
- 7.1.9 Vapor IO
- 7.1.10 Johnson Controls International
- 7.2 Recent Development & Impact Analysis, By Key Market Participants
- 7.3 Company Categorization
- 7.4 Participant's Overview
- 7.5 Financial Performance
- 7.6 Product Benchmarking
- 7.7 Company Heat Map Analysis
- 7.8 Strategy Mapping
- 7.8.1 Partnership
- 7.8.2 Merger & Acquisition
- 7.8.3 New Product/Feature Launch
- 7.8.4 Certifications
- 7.9 Expansion