Edge Computing in Manufacturing Market 2023 Global Competitors, Size, Growth, Industry Trends, SWOT Analysis and Outlook by 2030

April 12, 2023April 12, 2023 vijay25

Edge Computing in Manufacturing Market

Edge computing refers to the allocation of computing workloads to the “edges” of a network–to devices and resources closer to network endpoints than a centralized data center or cloud. In manufacturing industry, advances in edge computing mean that manufacturing is returning to a decentralized model. Rather than concentrate data processing in a single location, decentralized systems like edge computing take advantage of the compute and storage capacity extant at nodes throughout the network. This type of structure is “decentralized” because computing is done where there are available and sufficient resources. With decentralized systems, proximity is a leading determinant of where processing occurs.This report focuses on global and United States Edge Computing in Manufacturing market, also covers the segmentation data of other regions in regional level and county level.Due to the COVID-19 pandemic, the global Edge Computing in Manufacturing market size is estimated to be worth USD 2104.6 million in 2022 and is forecast to a readjusted size of USD 12460 million by 2028 with a CAGR of 34.5% during the review period. North America is the largest consumption area, making up 42.50% in 2019. Europe ranks the second, total Edge Computing in Manufacturing accounted for 29.55%. Asia Pacific is projected to share significant growth in the edge computing in manufacturing market owing to increasing demand for edge computing in automotive and chemical industry and rapidly growing manufacturing industry market in emerging developing economies like India and China. Of the major players of edge computing in manufacturing, IBM maintained its first place in the ranking in 2019. IBM accounted for 14.98% of global edge computing in manufacturing revenue market share in 2019. Other players accounted for 13.50% and 12.84% including Amazon Web Services, Microsoft. On the basis of product type, the software & services segment is projected to account for the largest market share during the forecast period; this segment was estimated to account for 65.53% market share in 2019. In the applications, the Electronics segment was estimated to account for the highest market share of 22.93% in 2019. Flowed by Automobile & Transportation, which accounted for 19.83%.Edge Computing in Manufacturing market is segmented by region (country), players, by Type and by Application. Players, stakeholders, and other participants in the global Edge Computing in Manufacturing market will be able to gain the upper hand as they use the report as a powerful resource.

Edge Computing in Manufacturing Market

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