The market for 5G edge cloud networks and services is expected to grow rapidly in the next years. The market's growth can be attributed to a number of factors, including increased demand for real-time and low-latency processing, automated decision-making solutions, widespread adoption of IoT (Internet of Things) across industries, and the need to deal with rapidly increasing network traffic and data volumes. With the introduction of new and advanced technology such as driverless automobiles, drones, augmented and virtual reality (AR/VR), and IoT with smart cities, data is increasingly being produced at the user's end. Real-time communication and processing between circulating endpoints are critical in many use cases. The points are likely to increase the requirement for effective network edge management.
MARKET DYNAMICS
A significant growth in the number of smartphones in use around the world is likely to motivate consumers and businesses to invest in 5G technology. This 5G technology procurement is expected to drive the market in the next years. The 5G edge cloud network and services market is expected to rise due to rising use of wireless communication and networking technologies and a steady increase in the number of users. When compared to 4G technology, 5G technology innovation has the potential to increase networking speed by a factor of ten.
MARKET SCOPE
The "Global 5G Edge Cloud Network and Services Market Analysis To 2028" is a specialized and in-depth study of the technology, media, and telecommunications industry with a special focus on global market trend analysis. The 5G edge cloud network and services market report aims to provide an overview of the 5G edge cloud network and services market with detailed market segmentation by solution, organization size, industry verticals, and geography. The global 5G edge cloud network and services market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading 5G edge cloud network and services market player and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global 5G edge cloud network and services market is segmented based on solution, organization size, industry vertical. Based on the solution, the 5G edge cloud network and services market is segmented into hardware, software, services. Based on organization size, the 5G edge cloud network and services market is segmented into SMEs, large enterprises. Based on industry vertical, the 5G edge cloud network and services market is segmented into manufacturing, transportation and logistics, telecommunications, energy and utilities, retail, media and entertainment, healthcare, government, others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global 5G edge cloud network and services market based on various segments. It also provides market size and forecast estimates from the year 2018 to 2028 with respect to five major regions, namely, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The 5G edge cloud network and services market by each region is later sub-segmented by respective countries and segments. The 5G edge cloud network and services market report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the 5G edge cloud network and services market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis highlighting factors affecting the 5G edge cloud network and services market in these regions.
IMPACT OF COVID-19 ON 5G NETWORK AND CLOUD SERVICES MARKET
The impact of the COVID-19 pandemic on the market is covered throughout the report. The pandemic has had a positive impact on the 5G edge cloud network and services market. Many companies now operate their businesses on online platforms due to the lockdown conditions; more companies are adopting video as a service. Therefore, the demand for 5G edge cloud network and services is increasing during COVID-19 and is also set to increase during the forecast period.
MARKET PLAYERS
The reports cover key developments in the 5G edge cloud network and services market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from 5G edge cloud network and services market are anticipated to lucrative growth opportunities in the future with the rising demand for filter products in the global market. Below mentioned is the list of few companies engaged in the 5G edge cloud network and services market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the 5G edge cloud network and services market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Nokia
- Hewlett Packard Enterprise Development LP
- Huawei Technologies Co., Ltd.
- Cisco Systems, Inc.
- IBM Corporation
- Amazon Web Services Inc.
- Dell Inc.
- FogHorn Systems
- GE DIGITAL
- Juniper Networks
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.