Europe Edge Computing Market Size Worth USD 50.78 Billion By 2032 | CAGR: 34.1%

The europe edge computing market size is expected to reach USD 50.78 Billion by 2032, according to a new study by Polaris Market Research. The report “Europe Edge Computing Market Share, Size, Trends, Industry Analysis Report, By Component (Hardware, Software, Services); By Application; By Organization Size; By Vertical; By Country; Segment Forecast, 2024 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The market for edge computing in Europe has experienced significant growth in recent years. This growth can be primarily attributed to the increased adoption of IoT devices, the proliferation of data generated at the network edge, and the rising demand for low-latency computing solutions. Edge computing is being leveraged by several industries, such as manufacturing, healthcare, retail, transportation, and telecommunications, to improve operational efficiency, enhance customer experience, and increase overall business agility.

An important factor influencing the Europe edge computing market is the increasing adoption of 5G technology. As 5G networks are being deployed across the region, there is a growing requirement for edge computing infrastructure to support the real-time processing, low latency, and high bandwidth needs of 5G-enabled applications like augmented reality, autonomous vehicles, and smart cities. Edge computing plays a critical role in optimizing network performance and providing better user experiences in the 5G ecosystem, which is propelling the demand for edge computing solutions and services. Despite the growth prospects, the market is facing challenges like the complexity associated with deploying and managing edge computing infrastructure.

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The demand for efficient data processing and reduced latency is driving significant growth in the market. As industries rely more on data-driven decision-making and real-time insights, the traditional cloud computing models need to improve to address latency-sensitive applications. Additionally, stringent data privacy regulations in Europe are encouraging local processing, which further fuels the adoption of edge computing technologies across industries, leading to market expansion and innovation.

Europe Edge Computing Market Report Highlights

• The market is dominated by the industrial Internet of Things (IoT) segment in 2023. This is mainly due to the early adoption of IoT technologies by industries such as manufacturing, energy, and transportation, which have been leveraging these technologies to optimize their operations, enhance efficiency, and reduce costs.
• The market is poised for substantial expansion in the manufacturing sector, with a significant CAGR over the projected period since digitization and connectivity are becoming more commonplace in manufacturing.
• The United Kingdom is currently at the forefront of the edge computing market in Europe, owing to its status as a global technology hub that places a strong emphasis on digital transformation and innovation.
• The key market players include Amazon Web Services, Inc., Aricent, Inc., Atos SE, Cisco Systems, Inc., GE, Hewlett Packard Enterprise Development, Honeywell International Inc., IBM, Intel, Microsoft, Rockwell Automation, Inc., SAP SE, Siemens AG, etc.

Polaris Market Research has segmented the Europe edge computing market report based on component, application, organization size, vertical, and country:

Europe Edge Computing, Component Outlook (Revenue - USD Billion, 2019 - 2032)

• Hardware
• Software
• Services

Europe Edge Computing, Application Outlook (Revenue - USD Billion, 2019 - 2032)

• Assets Tracking
• Augmented Reality (AR) and Virtual Reality (VR)
• Content Delivery
• Industrial Internet of Things (IoT)
• Remote Monitoring
• Security & Surveillance
• Smart Cities
• Traffic Management
• Others

Europe Edge Computing, Organization Size Outlook (Revenue - USD Billion, 2019 - 2032)

• Large Enterprises
• SMEs

Europe Edge Computing, Vertical Outlook (Revenue - USD Billion, 2019 - 2032)

• Energy and Utilities
• Government and Defense
• Healthcare and Life Sciences
• Manufacturing
• Media and Entertainment
• Retail and Consumer Goods
• Telecommunications
• Transportation and Logistics
• Others

Europe Edge Computing, Country Outlook (Revenue - USD Billion, 2019 - 2032)

• Germany
• UK
• France
• Italy
• Spain
• Russia
• Netherlands
• Rest of Europe

Edge Computing Market Report Scope