Edge-OPS Market - Forecast(2024 - 2030)

Report Code: ITR 0315 Report Format: PDF + Excel

Edge-OPS Market Overview

The Global Edge-OPS Market size is estimated to reach US$9.8 billion by 2027, growing at a CAGR of 8.4% from 2022 to 2027. This growth is attributed to technological advancements, the introduction of 5G networks and the increased adoption of IoT in various technologies such as smart cities, Industry 4.0, connected cars and others as it provides reduced latency, lower processing times and other benefits. Additionally, the adoption of Artificial Intelligence and Machine Learning has also positively impacted the Edge-OPS Industry. The development of applications involving AI and ML has promoted the demand for localized computing, data storage in relational database management systems, data ingestion and network resources. As enterprises are embracing these new technologies, the need for data ingestion in real time has increased. These factors significantly boost the Edge-OPS Market size. Due to the seamless integration of real-time data through these edge-ops systems, the need for analyzing these imported data has become critical across all industry verticals for better operational efficiency and improved productivity. These factors are positively influencing the Edge-OPS Industry Outlook over the forecast period.

Report Coverage

The report: “Edge-OPS Industry Outlook – Forecast (2022-2027)” by IndustryARC, covers an in-depth analysis of the following segments in the Edge-OPS industry.

By Component: Hardware (Edge Nodes/Gateways, Sensors/Routers, Cameras, Drones, Robots and Others), Software (Cloud-based and On-premise), Services (Professional Services and Managed Services) and Edge-managed Platforms.
By Organization Size: Large Enterprises, Small and Medium Sized Enterprises.
By Application: Industrial Internet of Things (IIoT), Remote Monitoring, Content Delivery, Augmented Reality and Virtual Reality, Infrastructure Monitoring, Surveillance and Security and Others.
By End-use Industry: Energy and Utilities, Industrial Manufacturing, IT and Telecommunications, Media and Entertainment, Healthcare, Government and Defense, Retail and Others.
By Geography: North America (the U.S., Canada and Mexico), South America (Brazil, Argentina and Others), Europe (the UK, Germany, France, Italy, Spain and Others), APAC (China, Japan, South Korea, India, Australia and Others) and RoW (the Middle East and Africa).

Key Takeaways

  • In the Edge-OPS market report, the Hardware segment is analyzed to grow at a significant rate during the forecast period 2022-2027. This growth is driven by the growing deployment of IoT and IIoT-connected devices for better operational efficiency and increased productivity.
  • By End-use Industry in the Edge-OPS Market report, the Industrial Manufacturing segment is expected to grow at the highest rate during the forecast period owing to factors such as technological advancements, increased IIoT connected devices and incorporation of Artificial Intelligence and Machine Learning in Edge-OPS processes.
  • North American region had the largest share in the global Edge-OPS Market size, owing to factors such as the rise in usage of electronic and connected devices, the presence of major manufacturers and their continued investments for the betterment of Edge-OPS systems.

Edge-OPS Market Value Share, by Region, 2021 (%)

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Edge-OPS Market Segment Analysis- By Component

By Component, the Hardware segment in the Edge-OPS Market report is analyzed to grow at the highest CAGR of 8.5% during the forecast period 2022-2027. This growth is primarily fueled by the growing deployment of IoT and Industrial Internet of Things (IIoT) devices. This growth allows businesses to analyze relevant data after data ingestion for better operational efficiency as these hardware systems are equipped with superior processors for real-time analysis. As the volume of data generation is continuously increasing, the implementation of edge-ops hardware equipment is becoming more relevant so that it can reduce the load on cloud and relational database management systems. For instance, in April 2021, Intel announced the launch of its 3rd Gen Intel Xeon Scalable Processor which is integrated with AI for seamless integration of data and advanced security capabilities. These new developments would continue to boost the hardware segment in the Edge-OPS Industry.

Edge-OPS Market Segment Analysis - by End-use Industry

Based on End-use Industry, the Industrial Manufacturing segment in the Edge-OPS Market report is analyzed to grow at the highest CAGR of 9.2% during the forecast period 2022-2027. It is due to factors such as technological advancements, increased adoption of IIoT-connected devices and adoption of AI and ML in both data ingestion and analysis processes. Manufacturers are using Edge-OPS systems in Industrial Manufacturing for localized processing which reduces latency issues and enables smart and intelligent manufacturing through predictive analysis. This can result in massive productivity gains in industrial manufacturing. In June 2021, Cisco launched a new range of catalytic routers embedded with 5G technology for industrial manufacturing which is analyzed to expand the capacity of business networks with advanced security features. These developments would boost the Industrial Manufacturing sector in the Edge-Ops Market.

Edge-OPS Market Segment Analysis - by Geography

North America dominated the global market for Edge-OPS with a market share of 44% in 2021 and is also analyzed to have significant growth over the forecasting period. This growth is driven by the rise in usage of connected devices such as smartphones, tablets and iPad and the presence of major manufacturers and their continued investments for edge-enabled solutions. The convergence of IIoT and edge-ops is creating ideal conditions for firms in the U.S. to make the transition to connected factories. In May 2020, IBM Corporation and Red Hat Inc. launched new edge-ops systems such as IBM Edge Application Manager and IBM Telco Network Cloud Manager. The presence of such manufacturers and their continued investments would bolster North America’s presence in the Edge-OPS Market.

Edge-OPS Market Drivers

Growth in the adoption of the Internet of Things across all industry verticals:

The growing adoption of IoT in various industries including automotive, manufacturing, retail, transportation, energy and so on has been analyzed to drive market growth. Organizations using IoT sensors are looking for edge-ops solutions as they provide real-time information, improve operational efficiency, optimization in production and other benefits. Edge-ops systems supplement the existing cloud paradigm by bringing data processing closer to the data source, allowing organizations to make faster decisions. According to a report from Accenture, IoT would add US$14.2 trillion to the global economy by 2030. These factors would drive the adoption of Edge-ops systems and thereby positively influence the Edge-OPS industry outlook.

The emergence of autonomous vehicles and connected car infrastructure:

Rising consumer demand and various technological advancements have led to the proliferation of autonomous and connected vehicles infrastructure. As edge-ops systems make processing faster and closer to the source of data, there lie significant opportunities for Edge-ops systems to support the evolution of autonomous vehicles. In April 2021, Honda and Verizon announced a research collaboration to test how new connected safety technology uses 5G and mobile edge-ops solutions to ensure fast, reliable communication between road infrastructure and vehicles in order to reduce traffic collisions. These factors would continue to boost the Edge-Ops Market size over the forecast period.

Edge-OPS Market Challenges

Data Security Concerns over the use of Edge-Ops Networks:

The growing adoption of IoT-connected devices is generating a large volume of data. This data is then stored in the relational database management systems. High volumes of user data generated by Edge-Ops devices may result in data theft by hackers and malicious individuals. Additionally, poorly configured cryptographic network protocols and DNS protocols make Edge-Ops networks susceptible to cyber-attacks. These factors act as a major hindrance to the Edge-Ops Market growth.

Edge-OPS Industry Outlook

Product launches, collaborations and R&D activities are key strategies adopted by players in the Edge-OPS Market. The top 10 companies in the Edge-OPS market are:

  1. IBM Corporation
  2. Cisco Systems
  3. Amazon Web Services Inc
  4. Intel Corporation
  5. SAP SE
  6. Microsoft Corporation
  7. Nokia
  8. Verizon
  9. Dell Technologies
  10. EdgeIQ

Recent Developments

  • In March 2022, IBM and Foghorn collaborated to develop an edge-ops integrated Artificial Intelligence. By combining edge and cloud capabilities, this AI is intended to assist customers through seamless integration of data processing, storing and analyzing. This is set to boost the company’s market share in the Edge-Ops Market size.
  • In April 2021, Amazon Web Services and Verizon launched Verizon 5G Edge. By integrating AWS cloud services into Verizon’s 5G network, the cloud is brought closer to mobile end-users and connected devices, unlocking a wide range of transformative applications. 
  • In March 2021, Nokia launched Nokia Edge Automation which aimed to remove the complexity of multiple cloud-based relational database management systems by automating them through a unified platform. This is expected to increase the adoption of more edge-ops systems thereby boosting the Edge-OPS Market size.

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1. Edge-OPS Market - Market Overview
    1.1 Definitions and Scope
2. Edge-OPS Market - Executive Summary
    2.1 Market Revenue, Market Size and Key Trends by Company
    2.2 Key trends by Application
    2.3 Key trends segmented by Geography
3. Edge-OPS Market – Market Landscape
    3.1 Comparative Analysis
        3.1.1 Product/Company Benchmarking - Top 3 Companies
        3.1.2 Top 5 Financial Analysis
        3.1.3 Market Value Split by Top 5 companies
        3.1.4 Patent Analysis
        3.1.5 Pricing Analysis
4. Edge-OPS Market – Market Entry Scenario Premium (Premium)
    4.1 Regulatory Scenario
    4.2 Ease of Doing Business Index
    4.3 Case Studies (3 Case Studies)
    4.4 Customer Analysis (5 Key Customers for Top 5 Companies)
5. Edge-OPS Market – Startup Company Scenario (Premium)
    5.1 Venture Capital and Funding Scenario
    5.2 Startup Company Analysis (3 Key Startups Analyzed)
6. Edge-OPS Market - Market Forces
    6.1 Market Drivers
    6.2 Market Challenges
    6.3 Porter's five force model
        6.3.1 Bargaining power of suppliers
        6.3.2 Bargaining powers of customers
        6.3.3 Threat of new entrants
        6.3.4 Rivalry among existing players
        6.3.5 Threat of substitutes
7. Edge-OPS Market – by Strategic Analysis (Market Size - $Million/Billion)
    7.1 Value Chain Analysis
    7.2 Opportunities Analysis
    7.3 Product Life Cycle
    7.4 Suppliers and Distributors
8. Edge-OPS Market - by Component (Market Size - $Million/Billion)
    8.1 Hardware
        8.1.1 Edge Nodes/Gateways
        8.1.2 Sensors/Routers
        8.1.3 Cameras
        8.1.4 Drones
        8.1.5 Robots
        8.1.6 Others
    8.2 Software
        8.2.1 Cloud-based
        8.2.2 On-premise
    8.3 Services
        8.3.1 Professional Services
        8.3.2 Managed Services
    8.4 Edge-managed Platforms
9. Edge-OPS Market - by Organization Size (Market Size - $Million/Billion)
    9.1 Large Enterprises
    9.2 Small and Medium-sized Enterprises
10. Edge-OPS Market – by Application (Market Size - $Million/Billion)
    10.1 Industrial Internet of Things (IIoT)
    10.2 Remote Monitoring
    10.3 Content Delivery
    10.4 Augmented Reality and Virtual Reality
    10.5 Infrastructure Monitoring
    10.6 Surveillance and Security
    10.7 Others
11. Edge-OPS Market - By End-use Industry (Market Size - $Million/Billion)
    11.1 Energy and Utilities
    11.2 Industrial Manufacturing
    11.3 IT and Telecommunications
    11.4 Media and Entertainment
    11.5 Healthcare
    11.6 Government and Defense
    11.7 Retail
    11.8 Others
12. Edge-OPS Market - by Geography (Market Size - $Million/Billion)
    12.1 North America
        12.1.1 The US
        12.1.2 Canada
        12.1.3 Mexico
    12.2 South America
        12.2.1 Brazil
        12.2.2 Argentina
        12.2.3 Chile
        12.2.4 Columbia
        12.2.5 The Rest of South America
    12.3 Europe
        12.3.1 The UK
        12.3.2 Spain
        12.3.3 Italy
        12.3.4 The Netherlands
        12.3.5 France
        12.3.6 Germany
        12.3.7 The Rest of Europe
    12.4 APAC
        12.4.1 China
        12.4.2 Japan
        12.4.3 Australia
        12.4.4 India
        12.4.5 Singapore
        12.4.6 South Korea
        12.4.7 Malaysia
        12.4.8 The Rest of APAC
    12.5 The Rest of the World
        12.5.1 Africa
        12.5.2 The Middle East
13. Edge-OPS Market - Entropy
14. Edge-OPS Market - Industry Competition Landscape (Premium)
    14.1 Market Share Global (10 Companies at Global Level)
    14.2 Market Share by Region (5 Companies Per Region)
    14.3 Market Share by Country (5 Companies per Country. Covering 10 Key Countries – the US, Canada, Brazil, Germany, France, the UK, China, Japan, India and the Middle East)
    14.4 Market Share by Type/End-use Industry (5 Companies per Type)
    14.5 Competition Matrix (Top 10 Global Companies)
15. Edge-OPS Market - Key Company List by Country Premium (Premium)
(Up to 5 Companies per Country for 10 Countries - the US, Canada, Brazil, Germany, France, the UK, China, Japan, India and the Middle East – Tentative: 50 Companies Subject to Availability)
16. Edge-OPS Market Company Analysis (Market Overview, Product Portfolio, Revenue and Developments)
    16.1 Company 1
    16.2 Company 2
    16.3 Company 3
    16.4 Company 4
    16.5 Company 5
    16.6 Company 6
    16.7 Company 7
    16.8 Company 8
    16.9 Company 9
    16.10 Company 10
* "Financials would be provided to private companies on best-efforts basis."
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