Lucintel's latest market report analyzed that edge computing provides attractive opportunities in the manufacturing, energy and utility, government and defense, telecommunication, media and entertainment, retail and consumer good, transportation and logistic, and healthcare and logistic end use industries. The edge computing market is expected to reach $74.8 billion by 2028 with a CAGR of 16.4%. In this market, hardware is the largest segment by hardware, whereas manufacturing is largest by end use industry.
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Based on hardware, the edge computing market is segmented into hardware, software, and services. The hardware segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, due to increasing penetration of connected devices along with growing demand for secure and efficient data processing at the edge of network.
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The Edge Computing Market is marked by the presence of several big and small players. Some of the prominent players offering edge computing include AWS, Cisco, Dell Technologies, Google, HPE, Huawei, IBM, Intel, Microsoft, EInfochips, Honeywell International, and Rockwell Automation.
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