Europe Edge Computing Market is Expected to Grow at a CAGR of 29.3% by 2023
A recent report by KD market insights titled as "Europe Edge Computing Market (2018–2023)" provides the key trends, opportunities and challenges market will face in the forecasted period of 6 years i.e. 2018-2023. The study also provides the Europe Edge Computing Market.
The Europe edge computing market is expected to reach a value of USD 1.94 Bn by 2023, expanding at a CAGR of 29.3%. Edge computing brings data processing nearer to IoT sensors to decrease latency and improve efficiency. The internet of things is driven by huge volumes of data generated from the activities of our day-to-day lives collecting, sending, and processing massive quantities of data requires companies to act intelligently, quickly, and make better business decisions. Edge computing is a network of data centres that store, and process data locally, before sending them to center or cloud. It optimizes the computing to avoid disruptions in sending and receiving data.
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The Europe edge computing market is further classified based on applications and end users. By applications, it is further sub-classified into smart cities smart factories connected healthcare, connected vehicles, smart grids, and others. Other applications include edge computing in gaming and e-commerce. Smart cities holds the largest market share. The European smart cities model is unparalleled; it is denser and much sustainable. More than 240 European, with population above 100,000 are progressing toward smart city program.
Based on end users industries edge computing networks arew used in the manufacturing sector, energy and utility sector, IT and telecommunication, healthcare and life sciences, and consumer appliances. The IT and telecommunication sector is expected to grab the largest market share. The region is leading in 5G deployment. The telecom operators in this region along with US are expected to spend USD 185 Bn by 2026. The region is expected to have 214 Mn 5G connections by 2025. By 2020, around 76% of the population is expected to have smartphone connections.
By regions, the market is divided into the EU5, and the rest of EU5. The EU5 would secure the highest market share because countries like the U.K., and France are progressing swiftly with smart and connected devices. The region will therefore progress swiftly with the implementation of edge computing.
Key growth factors
Europe is progressing toward digital industrialization. Around 91% of European corporates are investing for the digitization of factory plants in the core of Europe. 47% of English citizens believe that smart home technology would have a positive impact on their lives in the next few years.
The U.K. is expected to gain EUR 4.8 Bn from the use of IOT in the healthcare sector. These factors are expected to drive edge computing applications in the region.
Threats and key players
The crucial challenges faced by this region is the lack of technical skills. Edge computing is expected to face deployment problems, i.e. challenges is optimizing spectrum usage.
The key players in the Europe edge computing market are Cisco Systems, Inc, Microsoft Corporation, IBM, Google, and Amazon
Browse Full Report With TOC@ https://www.kdmarketinsights.com/product/europe-edge-computing-market
Table Of Content@
Chapter 1: Executive summary
1.1. Market scope and segmentation
1.2. Key questions answered in this study
1.3. Executive summary
Chapter 2: Europe edge computing market overview
2.1. Europe edge computing market-historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), drivers, trends, and challenges
2.1.1. Europe – applications (smart city)-historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
2.1.2. Europe – applications (smart factory)-historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
2.1.3. Europe – applications (connected healthcare)-historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
2.1.4. Europe – applications (connected vehicle)-historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
2.1.5. Europe – applications (smart grid)-historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
2.1.6. Europe – applications (others)-historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
2.2.1. Europe – end-user industries (manufacturing)-historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
2.2.2. Europe – end-user industries (energy and utility)-historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
2.2.3. Europe – end-user industries (IT and telecommunication)-historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
2.2.4. Europe – end-user industries (healthcare and life science)-historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
2.2.5. Europe – end-user industries (consumer appliance)-historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
2.2.6. Europe – end-user industries (transportation and logistics)-historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
Chapter 3: EU5 edge computing market overview
3.1. EU5 edge computing market - historical (2015-2017) and forecasted (2018-2022) market size (USD Bn), drivers, trends, and challenges
3.1.1. EU5 – applications (smart city)-historical (2015-2017) and forecasted (2018-2022) market size (USD Bn), key observations
3.1.2. EU5– applications (smart factory)-historical (2015-2017) and forecasted (2018-2022) market size (USD Bn), key observations
3.1.2. EU5 – applications (connected healthcare)-historical (2015-2017) and forecasted (2018-2022) market size (USD Bn), key observations
3.1.4. EU5 – applications (Connected vehicle)-historical (2015-2017) and forecasted (2018-2022) market size (USD Bn), key observations
3.1.5. EU5 – applications (smart grid)-historical (2015-2017) and forecasted (2018-2022) market size (USD Bn), key observations
3.1.6. EU5 – applications (others)-historical (2015-2017) and forecasted (2018-2022) market size (USD Bn), key observations
3.2.1. EU5 – end-user industries (manufacturing)-historical (2015-2017) and forecasted (2018-2022) market size (USD Bn), key observations
3.2.2. EU5 – end-user industries (energy and utility)-historical (2015-2017) and forecasted (2018-2022) market size (USD Bn), key observations
3.2.3. EU5 – end-user industries (IT and telecommunication)-historical (2015-2017) and forecasted (2018-2022) market size (USD Bn), key observations
3.2.4. EU5 – end-user industries (healthcare and life science)-historical (2015-2017) and forecasted (2018-2022) market size (USD Bn), key observations
3.2.5. EU5 – end-user industries (consumer appliance)-historical (2015-2017) and forecasted (2018-2022) market size (USD Bn), key observations
3.2.6. EU5 – end-user industries (transportation and logistics)-historical (2015-2017) and forecasted (2018-2022) market size (USD Bn), key observations
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