Edge computing is a novel technology based on a distributed computer system. This simply means that multiple users can access data from various connected devices. Edge computing technologies are utilised to reduce network overhead and operating times to milliseconds. Edge computing allows users to fully leverage the huge volumes of untapped data created by connected gadgets. One can discover new company prospects, increase operational efficiency, and provide consumers with speedier, more consistent experiences. Edge computing models can help to accelerate performance by assessing data locally. A smart approach to edge computing can help protect privacy, keep workloads up to date with established standards, and comply with data residency rules and regulations.

Drivers: The necessity to reduce delays and the growing demand for low-latency processing are now two of the main drivers driving the market's favourable development in Europe. Furthermore, the increasing use of solutions that facilitate efficient management of vast quantities of data and empower organisations to make well-informed decisions is bolstering the European market's growth. Aside from this, there is good news for the European market due to the increasing demand for edge computing from businesses looking for solutions that provide more localised control over sensitive data. Additionally, investors in the business in the region are being presented with potential growth opportunities by the increasing usage of edge computing for applications that demand quick decisions based on data analysis.

Challenges: Competition from low-cost centralised and general-purpose computing infrastructure may stymie market expansion. Cloud data centres, supercomputing facilities, and centralised data centres are examples of centralised computing infrastructure that organisations deploy to support global operations. These facilities can be turned into virtual computing or processing capabilities that can be delivered anywhere in the world. Many public and private cloud server providers provide low-cost computing and storage services on a pay-as-you-go basis, posing a market threat. Furthermore, installing infrastructure may necessitate additional capital investment, network infrastructure, and professional labour for maintenance and operation. Additionally, several businesses offer software-based solutions. These issues will limit market expansion over the forecast period.

The COVID-19 epidemic has pushed the adoption of edge computing in Europe, as organisations attempt to construct resilient and flexible IT systems that can enable remote work, digital communication, and critical asset monitoring. The trend to remote operations has underlined the critical role of edge computing in enabling distributed data processing and providing continuous connectivity between edge devices and centralised data centres or cloud environments. As a result, businesses across industries are investing in edge computing technology to meet the changing demands of remote workers and digital business operations.

The market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players are; Siemens AG, Atos SE, Amazon Web Services, Inc, Aricent, Inc, Cisco Systems, Inc, Hewlett Packard Enterprise Development, Honeywell International Inc, IBM, Intel, Microsoft, Rockwell Automation, Inc, SAP SE.

By Component: Based on the Component, Europe Edge Computing Market is segmented as; Hardware, Software, Services.

By Organization Size: Based on the Organization Size, Europe Edge Computing Market is segmented as; Small and Medium-sized Enterprises, Large Enterprises.

By Vertical: Based on the Vertical, Europe Edge Computing Market is segmented as; Manufacturing, Energy and Utilities, Government and Defense, BFSI, Telecommunications, Media and Entertainment, Retail and Consumer Goods, Transportation and Logistics, Healthcare and Life Sciences, Others.

By Region: This research includes data for Germany, France, Italy, UK, Russia, and the Rest of Europe.

This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.