Research Nester published a report titled “5G Edge Cloud Network and Services Market: Global Demand Analysis & Opportunity Outlook 2030”which delivers detailed overview of the global 5G edge cloud network and services market in terms of market segmentation by solution, enterprise size, end use industry, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
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The global 5G edge cloud network and services market is estimated to occupy a large amount of revenue by growing at a remarkable CAGR during the forecast period, i.e., 2022 – 2030. This can be credited to the growing smartphone usage across the globe, and rising need to manage applications, mobile devices and communication among enterprises for maintaining seamless connectivity across geographies. Apart from these, escalating demand for 5G edge in a variety of technological applications is also expected to significantly drive market growth in the forthcoming years.
The market is segmented by solution, enterprise size and end use industry. Based on enterprise size, the large enterprises segment is anticipated to occupy the largest share during the forecast period on the back of the increasing deployment of cloud and edge computing in large businesses for improving operational efficiency. Additionally, by end use industry, the manufacturing segment is projected to grab the largest share over the forecast period attributing to the rising adoption of industrial automation systems in factories.
Geographically, the global 5G edge cloud network and services market is segmented into five major regions, namely North America, Europe, Latin America, Asia Pacific, and the Middle East & Africa. North America region is evaluated to grab the largest share in the market during the forecast period attributing to the early adoption of technology, and strong presence of major market players in the region. Moreover, the market in Europe is assessed to grow by a noteworthy rate in the future owing to the rising investments by government to deploy 5G technology in the public sector in the region.
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The research is global in nature and covers detailed analysis on the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.
Increase in Number of Smartphones in Use Worldwide to Bolster Market Growth
More than 5.5 billion people globally used smartphones in 2019, which rose up to approximately 6 billion by 2020. About 7.2 billion people in the world are calculated to be smartphone users by 2025.
With the rise in the number of smartphone users across the globe, enterprises and consumers are emphasizing more on the procurement of 5G technology services for a better experience. This is giving an upsurge to the usage of 5G edge in applications such as AR/VR, ultra-HD video and autonomous driving, which in turn is predicted to drive market growth significantly in the near future.
However, high initial cost of deployment of 5G edge cloud network is expected to operate as key restraint to the growth of the global 5G edge cloud network and services market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global 5G edge cloud network and services market which includes company profiling of Hewlett Packard Enterprise Development LP, Dell Inc., IBM Corporation, Amazon Web Services Inc., Cisco Systems, Inc., Nokia Corporation, General Electric Company, Microsoft Corporation, Huawei Technologies Co., Ltd., Capgemini SE, and others. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global 5G edge cloud network and services market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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