A three-pronged approach was followed for deducing the edge computing market estimates and forecasts. The process has three steps: information procurement, analysis, and validation. The whole process is cyclical, and steps repeat until the estimates are validated. The three steps are explained in detail below:
Information procurement: Information procurement is one of the most extensive and important stages in our research process, and quality data is critical for accurate analysis. We followed a multi-channel data collection process for edge computing market to gather the most reliable and current information possible.
Analysis: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilized different methods of edge computing market data depending on the type of information we’re trying to uncover in our research.
Market Research Efforts: Bottom-up Approach for estimating and forecasting demand size and opportunity, top-down Approach for new product forecasting and penetration, and combined approach of both Bottom-up and Top-down for full coverage analysis.
Value-Chain-Based Sizing & Forecasting: Supply-side estimates for understanding potential revenue through competitive benchmarking, forecasting, and penetration modeling.
Demand-side estimates for identifying parent and ancillary markets, segment modeling, and heuristic forecasting.
Qualitative Functional Deployment (QFD) Modelling for market share assessment.
Market formulation and validation: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilize different methods of data analysis depending on the type of information we’re trying to uncover in our research.
Market Formulation: This step involves the finalization of market numbers. This step on an internal level is designed to manage outputs from the Data Analysis step.
Data Normalization: The final market estimates and forecasts are then aligned and sent to industry experts, in-panel quality control managers for validation.
This step also entails the finalization of the report scope and data representation pattern.
Validation: The process entails multiple levels of validation. All these steps run in parallel, and the study is forwarded for publishing only if all three levels render validated results.
The edge computing market was categorized into four segments, namely component (Hardware, Software, Services, Edge-managed Platforms), application (IIoT, Remote Monitoring, Content Delivery, Video Analytics, AR/VR), industry vertical (Industrial, Energy & Utilities, Healthcare, Agriculture, Transportation & Logistics, Retail, Datacenters, Wearables, Smart Cities, Smart Homes, Smart Buildings), and region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa).
The edge computing market was segmented into component, application, industry vertical and regions. The demand at a segment level was deduced using a funnel method. Concepts like the TAM, SAM, SOM, etc., were put into practice to understand the demand. We at GVR deploy three methods to deduce market estimates and determine forecasts. These methods are explained below:
Demand estimation of each product across countries/regions summed up to from the total market.
Variable analysis for demand forecast.
Demand estimation via analyzing paid database, and company financials either via annual reports or paid database.
Primary interviews for data revalidation and insight collection.
Used extensively for new product forecasting or analyzing penetration levels.
Tool used invoice product flow and penetration models Use of regression multi-variant analysis for forecasting Involves extensive use of paid and public databases.
Primary interviews and vendor-based primary research for variable impact analysis.
The edge computing market was analyzed at a regional level. The globe was divided into North America, Europe, Asia Pacific, Latin America, Middle East & Africa, keeping in focus variables like consumption patterns, export-import regulations, consumer expectations, etc. These regions were further divided into nine countries, namely, the U.S.; Canada; the UK.; Germany; China; India; Japan; Brazil; Mexico.
All three above-mentioned market research methodologies were applied to arrive at regional-level conclusions. The regions were then summed up to form the global market.
The edge computing market was analyzed via companies operating in the sector. Analyzing these companies and cross-referencing them to the demand equation helped us validate our assumptions and conclusions. Key market players analyzed include:
ABB Ltd.: ABB ltd. is a multinational electronics and electrical manufacturing company specializing in electrification, industrial automation, motion, robotics, and discrete automation. The business offers ABB Ability, a cross-industry digital unified offering, and cybersecurity solutions.
Amazon Web Services (AWS) Inc.: AWS is the world's most comprehensive and widely used cloud platform, providing over 200 fully featured services from data centers around the world. It provides IT infrastructure services to businesses in the form of web services. AWS is divided into three divisions: International, North America, and Amazon Web Services, Inc.
Atos SE: Atos SE is a France based multinational IT and services company that helps businesses achieve their digital transformation goals by offering innovative solutions and technologies in the areas of high-tech transactional services, cloud, unified communications, cybersecurity, and big data.
Belden Inc.: Belden Inc. is an electrical and electronics manufacturing firm that provides end-to-end security, and signal transmission systems globally. It serves two major markets: enterprise and industrial solutions enabling corporate digital transformation projects by delivering products and solutions such as switches, cables, routers, and hubs.
Cisco Systems Inc.: Cisco Systems Inc. provides a wide range of service packages, and advanced services and technical support and IP-based networking solutions and collaboration services to a variety of industries. These industries include automotive, education, energy, finance, manufacturing, materials and mining, retail, and transportation.
Digi International Inc.: Digi International Inc. is a U.S. based company that specializes in IoT-enabled sensor-based solutions that aid in remote monitoring of device deployments and assure implementation, professional design, and certification teams carry out seamless business procedures. The company serves numerous industries, including oil and energy, medical, manufacturing, retail, government, and transportation.
General Electric Company: General Electric is a multinational conglomerate and a provider of technology and financial services in the areas of power generating, aviation engines, household appliances, water processing, medical imaging, and corporate and consumer finance.
Hewlett Packard Enterprise Development LP: Hewlett Packard Enterprise provides IT solutions such as storage, servers, containerization software, networking, support, and consulting. The company's solutions are used in financial services, healthcare, manufacturing, the public sector, and telecommunications.
Honeywell International Inc.: Honeywell International is involved in manufacturing and developing innovative security, safety, and energy technology. It assists enterprises in pursuing digital transformation projects by simplifying operations and automating business processes in order to increase performance and save time and money.
Microsoft Corporation: Microsoft Corporation is one of the leading companies of the market. It creates, licenses, and supports a wide range of devices, services, and software products such as software development tools, desktop and server administration tools, business solution apps, server applications, cross-device productivity applications, operating systems, etc.
Supply Side Estimates
Company revenue estimation via referring to annual reports, investor presentations, and Hoover’s.
Segment revenue determination via variable analysis and penetration modeling.
Competitive benchmarking to identify market leaders and their collective revenue shares.
Forecasting via analyzing commercialization rates, pipelines, market initiatives, distribution networks, etc.
Demand side estimates
Identifying parent markets and ancillary markets
Segment penetration analysis to obtain pertinent
revenue/volume
Heuristic forecasting with the help of subject matter experts
Forecasting via variable analysis
Understanding market dynamics (in terms of drivers, restraints, & opportunities) in the countries.
Understanding trends & variables in the individual countries & their impact on growth and using analytical tools to provide high-level insights into the market dynamics and the associated growth pattern.
Understanding market estimates and forecasts (with the base year as 2022, historic information from 2018 to 2021, and forecast from 2023 to 2030). Regional estimates & forecasts for each category are available and are summed up to form the global market estimates.
The report provides market value for the base year 2022 and a yearly forecast till 2030 in terms of revenue/volume or both. The market for each of the segment outlooks has been provided on region & country basis for the above-mentioned forecast period.
The key industry dynamics, major technological trends, and application markets are evaluated to understand their impact on the demand for the forecast period. The growth rates were estimated using correlation, regression, and time-series analysis.
We have used the bottom-up approach for market sizing, analyzing key regional markets, dynamics, & trends for various products and end-users. The total market has been estimated by integrating the country markets.
All market estimates and forecasts have been validated through primary interviews with the key industry participants.
Inflation has not been accounted for to estimate and forecast the market.
Numbers may not add up due to rounding off.
Europe consists of EU-8, Central & Eastern Europe, along with the Commonwealth of Independent States (CIS).
Asia Pacific includes South Asia, East Asia, Southeast Asia, and Oceania (Australia & New Zealand).
Latin America includes Central American countries and the South American continent
Middle East includes Western Asia (as assigned by the UN Statistics Division) and the African continent.
GVR strives to procure the latest and unique information for reports directly from industry experts, which gives it a competitive edge. Quality is of utmost importance to us, therefore every year we focus on increasing our experts’ panel. Primary interviews are one of the critical steps in identifying recent market trends and scenarios. This process enables us to justify and validate our market estimates and forecasts to our clients. With more than 8,000 reports in our database, we have connected with some key opinion leaders across various domains, including healthcare, technology, consumer goods, and the chemical sector. Our process starts with identifying the right platform for a particular type of report, i.e., emails, LinkedIn, seminars, or telephonic conversation, as every report is unique and requires a differentiated approach.
We send out questionnaires to different experts from various regions/ countries, which is dependent on the following factors:
Report/Market scope: If the market study is global, we send questionnaires to industry experts across various regions, including North America, Europe, Asia Pacific, Latin America, and MEA.
Market Penetration: If the market is driven by technological advancements, population density, disease prevalence, or other factors, we identify experts and send out questionnaires based on region or country dominance.
The time to start receiving responses from industry experts varies based on how niche or well-penetrated the market is. Our reports include a detailed chapter on the KoL opinion section, which helps our clients understand the perspective of experts already in the market space.