IMARC Group has published a market research report titled "Europe Edge Computing Market Report by Component (Hardware, Software, Services), Organization Size (Small and Medium-sized Enterprises (SMEs), Large Enterprises), Vertical (Manufacturing, Energy and Utilities, Government and Defense, BFSI, Telecommunications, Media and Entertainment, Retail and Consumer Goods, Transportation and Logistics, Healthcare and Life Sciences, and Others), and Country 2024-2032" The Europe edge computing market size is projected to exhibit a growth rate (CAGR) of 26.7% during 2024-2032.
Edge computing is the practice of processing, storing, and analyzing data close to the source of its generation rather than relying solely on centralized data centers. It can decrease the time it takes for data to travel from its source to the processing unit and back, which is critical for applications that require real-time responses or low latency, such as Internet of Things (IoT) devices, autonomous vehicles, industrial automation, and augmented reality (AR). It can enhance privacy and security by keeping sensitive data local rather than transmitting it over long distances to centralized data centers. It allows organizations to gain real-time insights from their data and enable quicker decision-making and actionable insights. It assists in reducing the risk of single points of failure and improving overall system reliability. As it aids in lowering the exposure of critical information to potential security threats during data transmission to centralized servers, the demand for edge computing is rising in Europe.
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Europe Edge Computing Market Trends and Drivers:
The increasing adoption of edge computing, as it enables devices to operate even when they are disconnected from the internet or centralized servers, currently represents one of the primary factors strengthening the growth of the market in Europe. Additionally, the rising need for edge computing to comply with data privacy regulations is offering lucrative growth opportunities to industry investors in the region. Apart from this, the growing demand for edge computing in the healthcare sector to enable remote patient monitoring, telemedicine, and real-time analysis of medical data is positively influencing the market. In addition, advancements in edge artificial intelligence (AI) technologies are propelling the market growth. Besides this, the increasing development and deployment of autonomous vehicles in Europe is supporting the market growth. Furthermore, the rising number of cybersecurity threats is contributing to the market growth. In line with this, the escalating demand for edge computing to reduce energy consumption by minimizing the need for data transmission to centralized data centers is offering a positive market outlook in the region.
Report Segmentation:
The report has segmented the market into the following categories:
Component Insights:
- Hardware
- Software
- Services
Organization Size Insights:
- Small and Medium-sized Enterprises (SMEs)
- Large Enterprises
Vertical Insights:
- Manufacturing
- Energy and Utilities
- Government and Defense
- BFSI
- Telecommunications
- Media and Entertainment
- Retail and Consumer Goods
- Transportation and Logistics
- Healthcare and Life Sciences
- Others
Country Insights:
- Germany
- France
- United Kingdom
- Italy
- Spain
- Others
Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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