Key Players covered into report are FogHorn Systems, Capgemini Engineering, Axellio, GE Digital, MachineShop, Nokia, Hewlett Packard Enterprise Development LP, Huawei Technologies Co. Ltd., Cisco, Dell Inc., IBM Corporation, Amazon Web Services Inc., Litmus Automation, SixSq, Saguna Networks, Sierra Wireless, Digi International, Juniper Networks, EdgeconneX, Edge Intelligence
Douglas - Isle of Man, Dec. 07, 2022 (GLOBE NEWSWIRE) -- Market Overview
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The necessity for managing applications, mobile devices, and enterprise communication to maintain continuous connectivity across regions is propelling the development of the 5G Edge Cloud Network And Services market. In addition to this, it is anticipated that the growing popularity of smartphones will push individuals and companies to purchase 5G technology, which will, in response, fuel substantial market expansion in the future years.
Moreover, it is anticipated that in the coming years, the market will have plenty of development prospects due to increased demand for advanced 5G technologies in automated vehicles, augmented reality (AR/VR), artificial intelligence (AI), and the internet of things (IoT).
The manufacturing industry is expected to account for the highest proportion of the worldwide 5G edge cloud network and services market. The market is categorised by end-user industries into defence, government, healthcare, energy, automotive, manufacturing, transportation as well as others. This can be attributed to the growing deployment of industrial automation equipment in factories as well as the increased use of IoT technology on production lines. In addition to this, increasing edge computing use with smart factory systems for efficiently operating high-capacity data centres for storage is anticipated to fuel market expansion in the upcoming years.
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The global 2019 pandemic propelled the development of the 5G edge cloud network and services market due to the rising need for automated decision-making solutions, low-latency processing, and real-time solutions.
Businesses are relying heavily on edge computing and associated data centres throughout the pandemic. The operational risks associated with COVID-19 are being reduced, and customers’ requirements are being met by network-enabled solutions like 5G technology, IoT, and edge computing.
Additionally, the large businesses segment is anticipated to hold the biggest share in terms of firm size due to the increased adoption of cloud and edge computing in larger companies to boost efficiency and productivity.
South America, North America, Middle East & Africa, Asia Pacific and Europe make up the different geographic segments of the worldwide 5G edge cloud network and services market.
Because of the significant availability of reputable networking solutions and network operators, North America is predicted to lead the market for 5G edge cloud networks and services. These network operators are making significant investments in the R&D of 5G technologies.
During the anticipated time range, the European market is anticipated to experience the highest growth rate. The deployment of 5G edge cloud services and networks in European nations has been significantly aided by technological developments in 5G for the automobile and smart transportation sectors.
The 5G edge cloud network and services market have a number of local, regional, and international businesses operating there with a significant presence. In order to broaden their service offerings and seize a substantial market share, industry players intimately involved in the industry have been concentrating on aggressive expansion strategies that entail partnerships, acquisitions, and mergers of smaller companies. Additionally, market participants are consistently involved in R&D operations to create new items that would satisfy consumer needs and keep their client base.
The market for 5G edge cloud networks and services, meanwhile, faces a number of obstacles, including high upfront deployment costs and significant capital expenditures. These elements could hurt the market globally.
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By Organization Size
Small and Medium-sized Enterprises (SMEs)
By Industry Verticals
Transportation and Logistics
Energy and Utilities
Retail & Consumer Goods
Media and Entertainment
Healthcare & Life Science
Government & Defense
Key questions answered in this report
COVID 19 impact analysis on global 5G Edge Cloud Network And Services industry.
What are the current market trends and dynamics in the 5G Edge Cloud Network And Services market and valuable opportunities for emerging players?
What is driving 5G Edge Cloud Network And Services market?
What are the key challenges to market growth?
Which segment accounts for the fastest CAGR during the forecast period?
Which product type segment holds a larger market share and why?
Are low and middle-income economies investing in the 5G Edge Cloud Network And Services market?
Key growth pockets on the basis of regions, types, applications, and end-users
What is the market trend and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
Unique data points of this report
Statistics on 5G Edge Cloud Network And Services and spending worldwide
Recent trends across different regions in terms of adoption of 5G Edge Cloud Network And Services across industries
Notable developments going on in the industry
Attractive investment proposition for segments as well as geography
Comparative scenario for all the segments for years 2018 (actual) and 2028 (forecast)
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