Edge Computing Market to Expand with a CAGR of 19.1% due to Extensive Application in Numerous Industries
Transparency Market Research (TMR) observes, the global edge computing market is highly competitive due to presence of number of companies operating in the market. Some of the key players operating in the global edge computing market are Microsoft Corporation, Cisco Systems Inc., IBM Corporation, Google Inc., and Hewlett Packard Enterprise Company. These players are increasingly taking initiatives for technological advancements. The launch of advanced technology is expected to fuel growth of the market and help players to gain higher revenue. A report estimates, the global edge computing market was evaluated at US$8,024.5 mn in 2017 and is expected to attain value of US$13,313.7 mn by the end of 2022 with the CAGR of 10.7%. Based on component, hardware segment is anticipated to account for the leading share of 54.3% of the market in 2017 and remain dominant over the forecast period by progressing with a CAGR of 10%. Based on geography, North America is projected to dom...