According to the report analysis, ‘Europe Edge Computing Market 2020-2030 by Component (Hardware, Software, Services), Technology (Fog Computing, MEC), Deployment (On-premise, Cloud), Application, Industry Vertical, Organization Size, and Country: Trend Forecast and Growth Opportunity’ states that Europe Edge Computing market is predicted to develop annually owing to the progressive growth in need for low-latency processing and real-time automated decision-making solution, the prominent growth in use of IoT, the demand for overcoming the drastic growth in data, and increasing load on the cloud infrastructure.
ADLINK Technology Inc., Altran Group (Aricent), Amazon Web Services Inc., Cisco Systems Inc., Dell Technologies Inc., Digi International, Edge (Machine Shop Inc.), Foghorn Systems, General Electric Company, Google LLC (Coral.AI), Hewlett Packard Enterprise Company, Huawei Technologies Co. Limited, Intel Corporation, International Business Machines Corp. (IBM), Juniper Networks Inc., Microsoft Corporation, Nokia Corp., NVIDIA Corp. and many more are the key market players which recently working in the Europe Edge Computing market more progressively for keep maintaining the dominant position, obtaining the competitive edge, ruling around the globe, registering the great value of market share, leading the highest market growth and generating the highest percentage of revenue by improving the qualitative and quantitative measures of such, spreading the awareness connected to the benefits and features of edge computing, increasing the applications and advantages of edge computing, delivering the better customer satisfaction, decreasing the associated prices of such, analysing the strategies and policies of government as well as similar entities, implementing the policies of profit making and strategies of expansion, and establishing the several research and development programs.
Europe Edge Computing Industry
On the basis of industry vertical, the Europe edge computing market is classified into Industrial Manufacturing, Telecom & IT, Transportation & Logistics, Government & Défense, Retail & E-commerce, Healthcare & Life Science, Financial & Banking Industry, Energy & Utilities, Media & Entertainment, and Other Industry Verticals. Based on the application, the Europe edge computing market is categorized into remote monitoring, location services, smart cities, industrial IoT, content delivery, advanced analytics, augmented reality & virtual reality and several other applications.
Europe Edge Computing Market Growth Rate
Furthermore, with 4G and 5G networks, smart and artificially intelligent devices are progressively connected utilizing the internet which is creating a large amount of data. A large amount of data is growing the burden on cloud storage and generates the network congestion and latency. To overcome such drawbacks edge computing is utilized. In addition to this, the emerging infrastructure for an autonomous and connected vehicle is further projected to proliferate the edge computing market growth during the review period.
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The banking, financial, and services institutions are at the forefront of implementing the digital innovations coupled with other technological innovations such as blockchain technology, mobile banking, and cloud technology amongst others. The BFSI sector is progressively shifting away from selling a product to generating a seamless customer experience that can be accomplished using real-time data and analytics. To gather information and deliver the real-time analysis BFSI sector is progressively deploying IoT devices to interrelate with their customers to further improve their experience. Therefore, it is predicted that during the near years the market of edge computing will augment more progressively over the near future.
For More Information, Refer to below link: –
Europe Edge Computing Market Overview
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