Retail Edge Computing drive market expansion in the near future at a CAGR of 20.7% during the forecast period 2022 to 2032.

Market Research Future (MRFR) has published a cooked research report on the Global Retail Edge Computing Market that contains information from 2022 to 2032. The Retail Edge Computing market is estimated to register a CAGR of 20.7% during the forecast period of 2022 to 2032.


MRFR recognizes the following companies as the key players in the global retail edge computing market— CISCO,AWS ,DELL TECHNOLOGIES,GOOGLE,HPE (US), Huawei (China), IBM (US), Intel (US), Litmus Automation (US), Microsoft (US), Nokia (Finland), ADLINK (Taiwan), Axellio (US), Capge(US), Fastly (US), StackPath (US), Vapor IO (US), GE Digital (US), Moxa (Taiwan), Sierra Wireless (Canada), Juniper Networks (US), EdgeC (Israel), Edge Intelligence (US), Edgeworx (US), Sunlight.io (UK), Mutable (US), Hivecell (US), Section (US), EdgeIQ (US)


Market Highlights


The global retail edge computing market is accounted to register a CAGR of 20.7% during the forecast period and is estimated to reach USD 23.7 Billion by 2032.


The retail edge computing market caters to the retail industry's demand for efficient, low-latency data processing at the network edge. By supporting applications like inventory management, personalized marketing, and real-time customer insights, edge computing is transforming the retail landscape.


Segment Analysis


The global retail edge computing market has been segmented based component, application and organization size.


On the basis of component, the market is segmented into hardware, software, and services. Hardware segment dominated the global market in 2022. Hardware demand is increasing and is expected to hold the greatest market share over the forecast period in the managed services industry.


Based on application, the global retail edge computing market has been segmented into smart cities, industrial internet of things (IoT), remote monitoring, content delivery, augmented reality (AR), virtual reality (VR), and others. Industrial internet of things (IoT) segment dominated the global retail edge computing market in 2022. Edge computing has been essential for manufacturers to accomplish their goal of digitizing their facilities. A significant portion of edge computing, known as device edge, is used in the manufacturing industry.


Based on organization size, the global retail edge computing market has been segmented into large enterprises and SMEs. Large enterprises segment dominated the global Retail edge computing market in 2022. Global production of IoT-connected devices has grown. To process the generated data, accelerate information delivery, and enhance customer experience, enterprises need edge solutions.


Regional Analysis


The global retail edge computing market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Retail Edge Computing market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Retail Edge Computing market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Retail Edge Computing market comprises of Middle East, Africa, and Latin America.


The North America retail edge computing market dominated this market in 2022 (45.80%). American enterprises are in the perfect position to make the switch to linked production because to the convergence of IIoT and edge computing. A number of companies have also emerged to offer platforms for developing edge-enabled products, which are anticipated to speed up the local market's expansion.


Moreover, Europe retail edge computing market accounted for the healthy market share in 2022. The local market is significantly impacted by the growing number of big companies with European headquarters. Among the numerous other participants in this market are IBM, Intel, and Microsoft. These corporations have thoughtfully increased their geographic reach and clientele by merging with and purchasing tiny firms.


Additionally, the Asia Pacific retail edge computing market is expected to register significant growth from 2023 to 2032. This is a result of countries like China, India, and Japan using edge solutions more and more frequently. Government initiatives to support IT infrastructure have sped up regional market expansion.


Furthermore, the rest of the world's retail edge computing market is divided into the Middle East, Africa, and Latin America. Latin America's retail sector is embracing edge computing solutions to optimize operations. These technologies enable low-latency data processing, enhancing inventory management, personalized marketing, and customer insights. Retailers in the region are leveraging edge computing to stay competitive in a rapidly evolving industry.


Key Findings of the Study



  • The global retail edge computing market is expected to reach USD XX Billion by 2032, at a CAGR of XX% during the forecast period.

  • The Asia-Pacific region accounted for the fastest-growing global market. This is due to the growing use of edge solutions in nations like China, India, and Japan. Government policies that assist IT infrastructure have also accelerated market expansion in the region.

  • Based on organization size, the large enterprises segment was attributed to holding the largest market in 2022.

  • CISCO,AWS ,DELL TECHNOLOGIES,GOOGLE,HPE (US), Huawei (China), IBM (US), Intel (US), Litmus Automation (US), Microsoft (US), Nokia (Finland), ADLINK (Taiwan), Axellio (US), Capge(US), Fastly (US), StackPath (US), Vapor IO (US), GE Digital (US), Moxa (Taiwan), Sierra Wireless (Canada), Juniper Networks (US), EdgeC (Israel), Edge Intelligence (US), Edgeworx (US), Sunlight.io (UK), Mutable (US), Hivecell (US), Section (US), EdgeIQ (US)

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Report details
Companies Covered 15
Pages 128
Certified Global Research Member
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