Europe Edge Computing Market Growth, Size, Trends, Share, Revenue, Scope and Future Outlook
Europe Edge Computing Market Size- By Component, By Organization, By Vertical- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Aug-2024 | Report ID: IACT24155 | Pages: 1 - 156 | Formats*: |
| Category : Information & Communications Technology | |||
Europe Edge Computing Market Introduction and Overview
According to SPER Market Research, the Europe Edge Computing Market is estimated to reach USD 68.2 billion by 2033 with a CAGR 34.31%.
The report includes an in-depth analysis of the Europe Edge Computing Market, including market size and trends, product mix, distribution channels, and supplier analysis. Edge computing is a technique that involves processing, analysing, and managing data closer to the point of generation rather than transmitting it all to a centralised cloud server for processing. It employs processing capabilities in close proximity to data-producing devices such as sensors, machines, and internet of things (IoT). It seeks to reduce data transfer latency, optimise real-time data processing, and improve decision-making abilities. It is appropriate for situations where speed and responsiveness are critical. It enables enterprises to gain quick insights for optimum resource utilisation by distributing computational workloads across a network of devices and localised servers. It also enables companies to overcome network congestion and latency issues.
- In February 2024, EY and Dell Technologies formed the EY Edge Technologies Lab. The lab will demonstrate and analyse the performance of local edge-based computing system applications, which have been shown to outperform central cloud processing for specific Industry 4.0 applications.
- Gcore, a global provider of cloud, AI, and edge technologies, launched FastEdge in February 2024, a serverless offering that transforms application deployment and performance. FastEdge is a cloud-native development solution that allows you to create responsive and personalised applications without having to manage complex servers.
- Lumen Technologies invested in its worldwide Edge network in July 2022, and it is currently spreading its Edge Computing Solutions into Europe. By extending high-bandwidth, data-intensive apps to the cloud edge, enterprises may now benefit from a low-latency platform that can successfully support them.
Market Opportunities and Challenges
Opportunities: The market is expanding rapidly due to rising demand for effective data processing and an urgent requirement for lower latency. As organisations rely more on data-driven decision-making and real-time insights, traditional cloud computing models must improve their ability to handle latency-sensitive workloads. Edge computing provides a solution by decentralising data processing closer to the site of data generation, reducing the time it takes for data to travel to and from centralised servers. This proximity improves efficiency and responsiveness, which are critical for applications like self-driving cars, smart manufacturing, and augmented reality. Furthermore, strict data protection legislation in Europe encourage local processing, accelerating the use of edge computing technologies across industries and driving industry expansion and innovation.
Challenges:
Data privacy and security concerns have an impact on the European market's growth - Concerns over data privacy and security have a substantial impact on industry growth. Europe has some of the world's most demanding data protection legislation, such as the General Data Protection Regulation (GDPR), which places strict standards on how businesses handle personal data. In the context of edge computing, where data processing frequently occurs closer to the source of generation, ensuring compliance with these standards becomes increasingly difficult. Companies must traverse complex legal frameworks to ensure that data is processed legally and transparently, while also protecting against any security breaches or unauthorised access. Failure to address these issues adequately results in significant penalties and reputational damage. As a result, businesses may continue with caution or spend extensively in strong data privacy and security measures, potentially limiting market growth as they attempt to traverse these complex legal frameworks.
Market Competitive Landscape
The research also includes a detailed analysis of the market's competitive landscape. Market structure, major player positioning, top winning strategies, competitive dashboard, and firm evaluation quadrant are all analysed in the report along with competition. Complete biographies of all significant companies have also been provided. Key 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.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2020-2033 |
| Base year considered | 2023 |
| Forecast period | 2024-2033 |
| Segments covered | By Component, By Organization, By Vertical |
| Regions covered | Germany, France, Italy, UK, Russia and the Rest of Europe. |
| Companies Covered | 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. |
COVID-19 Impact on Europe Edge Computing Market
The COVID-19 epidemic has accelerated the development of edge computing in Europe, as businesses strive to build resilient and adaptable IT systems that allow for remote work, digital communication, and vital asset monitoring. The shift to distant operations has highlighted the importance of edge computing in enabling distributed data processing and maintaining continuous connectivity between edge devices and centralised data centres or cloud environments. As a result, firms from all industries are investing in edge computing technologies to address the evolving needs of remote workers and digital business processes.
Key Target Audience:
- Technology Companies
- Edge Computing Solution Providers
- Telecommunications Companies
- Data Center Operators
- Cloud Service Providers
- Internet of Things (IoT) Solution Providers
- Automotive and Manufacturing Companies
- Healthcare Institutions
- Financial Services Companies
- Government Bodies and Regulators
- Research and Development (R&D) Institutions
- Consulting and Market Research Firms
- Educational Institutions
- Investors and Financial Institutions
Our in-depth analysis of the Europe Edge Computing Market includes the following segments:
| By Component: |
|
| By Organization Size: |
|
| By Vertical: |
|
Key Topics Covered in the Report:
- Europe Edge Computing Market Size (FY’2024-FY’2033)
- Overview of Europe Edge Computing Market
- Segmentation of Europe Edge Computing Market By Component (Hardware, Software, Services)
- Segmentation of Europe Edge Computing Market By Organization Size (Small and Medium-sized Enterprises, Large Enterprises)
- Segmentation of Europe Edge Computing Market By Vertical (Manufacturing, Energy and Utilities, Government and Defense, BFSI, Telecommunications, Media and Entertainment, Retail and Consumer Goods, Transportation and Logistics, Healthcare and Life Sciences, Others)
- Statistical Snap of Europe Edge Computing Market
- Expansion Analysis of Europe Edge Computing Market
- Problems and Obstacles in Europe Edge Computing Market
- Competitive Landscape in the Europe Edge Computing Market
- Impact of COVID-19 and Demonetization on Europe Edge Computing Market
- Details on Current Investment in Europe Edge Computing Market
- Competitive Analysis of Europe Edge Computing Market
- Prominent Players in the Europe Edge Computing Market
- SWOT Analysis of Europe Edge Computing Market
- Europe Edge Computing Market Future Outlook and Projections (FY’2024-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges
4.2. COVID-19 Impacts of the Europe Edge Computing Market
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Europe Edge Computing Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Europe Edge Computing Market
7. Europe Edge Computing Market, By Component (USD Million) 2020-2033
7.1. Europe Edge Computing Market Size, Share and Forecast, By Component, 2020-20267.2. Europe Edge Computing Market Size, Share and Forecast, By Component, 2027-20337.3. Hardware7.4. Software7.5. Services
8. Europe Edge Computing Market, By Organization Size (USD Million) 2020-2033
8.1. Europe Edge Computing Market Size, Share and Forecast, By Organization Size, 2020-20268.2. Europe Edge Computing Market Size, Share and Forecast, By Organization Size, 2027-20338.3. Small and Medium-sized Enterprises8.4. Large Enterprises
9. Europe Edge Computing Market, By Vertical (USD Million) 2020-2033
9.1. Europe Edge Computing Market Size, Share and Forecast, By Vertical, 2020-20269.2. Europe Edge Computing Market Size, Share and Forecast, By Vertical, 2027-20339.3. Manufacturing9.4. Energy and Utilities9.5. Government and Defense9.6. BFSI9.7. Telecommunications9.8. Media and Entertainment9.9. Retail and Consumer Goods9.10. Transportation and Logistics9.11. Healthcare and Life Sciences9.12. Others
10. Europe Edge Computing Market Forecast, 2020-2033 (USD Million)
10.1. Europe Edge Computing Market Size and Market Share
11. Europe Edge Computing Market, By Region, 2020-2033 (USD Million)
11.1. Europe Edge Computing Market Size and Market Share By Region (2020-2026)11.2. Europe Edge Computing Market Size and Market Share By Region (2027-2033)11.3. Germany11.4. France11.5. Italy11.6. UK11.7. Russia11.8. Rest of Europe
12. Company Profile
12.1. Siemens AG
12.1.1. Company details12.1.2. Financial outlook12.1.3. Product summary12.1.4. Recent developments
12.2. Atos SE
12.2.1. Company details12.2.2. Financial outlook12.2.3. Product summary12.2.4. Recent developments
12.3. Amazon Web Services, Inc
12.3.1. Company details12.3.2. Financial outlook12.3.3. Product summary12.3.4. Recent developments
12.4. Aricent, Inc
12.4.1. Company details12.4.2. Financial outlook12.4.3. Product summary12.4.4. Recent developments
12.5. Cisco Systems, Inc
12.5.1. Company details12.5.2. Financial outlook12.5.3. Product summary12.5.4. Recent developments
12.6. Hewlett Packard Enterprise Development
12.6.1. Company details12.6.2. Financial outlook12.6.3. Product summary12.6.4. Recent developments
12.7. Honeywell International Inc
12.7.1. Company details12.7.2. Financial outlook12.7.3. Product summary12.7.4. Recent developments
12.8. IBM
12.8.1. Company details12.8.2. Financial outlook12.8.3. Product summary12.8.4. Recent developments
12.9. Intel
12.9.1. Company details12.9.2. Financial outlook12.9.3. Product summary12.9.4. Recent developments
12.10. Microsoft
12.10.1. Company details12.10.2. Financial outlook12.10.3. Product summary12.10.4. Recent developments
12.11. SAP SE
12.11.1. Company details12.11.2. Financial outlook12.11.3. Product summary12.11.4. Recent developments
12.12. others
13. Conclusion
14. List of Abbreviations
15. Reference Links
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Europe Edge Computing Market is projected to reach USD 68.2 billion by 2033, growing at a CAGR of 34.31% during the forecast period.
Europe Edge Computing Market grew in Market size from 2024. The Market is expected to reach USD 68.2 billion by 2033, at a CAGR of 34.31% during the forecast period.
Europe Edge Computing Market CAGR of 34.31% during the forecast period.
You can get the sample pages by clicking the link - Click Here
Europe Edge Computing Market size is USD 68.2 billion from 2024 to 2033.
Europe Edge Computing Market is covered By Component, By Organization, By Vertical.
The Europe is anticipated to have the highest Market share in the Europe Edge Computing Market.
The key players in the Market include Companies Covered 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.
Edge computing is a technique that involves processing, analysing, and managing data closer to the point of generation rather than transmitting it all to a centralised cloud server for processing.
PLACE AN ORDER
Year End Discount
Sample Report
Pre-Purchase Inquiry
NEED CUSTOMIZATION?
Request CustomizationCALL OR EMAIL US
100% Secure Payment
Related Reports
Have a glance of the Report
Our Global Clients
Our data-driven insights have influenced the strategy of 200+ reputed companies across the globe.
