At 18.2% CAGR, the Middle East & Africa Edge Computing Market is projected to be worth US$ 4,888.10 Million by 2028, says The Business Market Insights

According to the Business Market Insights’ research, the Middle East & Africa edge computing market was valued at US$ 1,794.92 million in 2022 and is expected to reach US$ 4,888.10 million by 2028, registering a CAGR of 18.2% from 2022 to 2028. Increase in adoption of IOT across industries and extremely low latency and high availability of bandwidth are the critical factors attributed to the Middle East & Africa edge computing market expansion.

Edge computing is a crucial part of the 5G platform. The 5G connectivity is enabling an era of user-centric network by bringing in the concept of network slicing and composable networking. The network service providers are ideally positioned to deliver intelligent traffic routing from the mobile network to the optimal location which is escalating the need for faster network capability enhancing the market outlook. However, the evolution of distributed cloud computing enables the providers to move beyond traditional connectivity-service models and open new doors to adjacent industries. The Communication Service Providers (CSP) are looking for new revenue sources to grow their businesses. Thus, with the introduction of 5G and edge computing, the CSPs are now in a better position to provide new offerings. The 5G can enhance edge computing applications by reducing latency, improvising application response times, and enhancing the ability of enterprises to collect and process data. It also helps the enterprises collect and process massive volumes of real-time data to optimize various operational systems and improve productivity and customer experiences. 5G network infrastructure can support and enable the increasing complexity and specialization of edge computing to deliver instant communication experience. Thus, the introduction of 5G with an edge messaging system brings the connectivity at a higher speed and delivers near-instant communication experiences. Therefore, the rising trend of the adoption of 5G network across the world is expected to augment the demand for edge computing during the forecast period.

On the contrary, rising risks and concerns related to data privacy hurdles the growth of Middle East & Africa edge computing market.

Based on component, the Middle East & Africa edge computing market is segmented into hardware, software, and services. The Hardware segment held 49.3% share Middle East & Africa edge computing market in 2022, amassing US$ 885.72 million. It is projected to garner US$ 2,212.06 million by 2028 to expand at 16.5% CAGR during 2022–2028.

Based on organization Size, the Middle East & Africa edge computing market is segmented into SMEs and large enterprises. The large enterprises segment held 63.6% share of Middle East & Africa edge computing market in 2022, amassing US$ 1,141.42 million. It is projected to garner US$ 2,990.86 million by 2028 to expand at 17.4% CAGR during 2022–2028.  

Based on application, the Middle East & Africa edge computing market is segmented into smart cities, industrial internet of things (IIOT), remote monitoring, content delivery, augmented reality and virtual reality, and others. The smart cities segment held 29.2% share of Middle East & Africa edge computing market in 2022, amassing US$ 524.78 million. It is projected to garner US$ 1,534.96 million by 2028 to expand at 19.6% CAGR during 2022–2028. 

Based on verticals, the Middle East & Africa edge computing market is segmented into manufacturing, energy and utilities, government, IT and telecom, retail and consumer goods, transportation and logistics, healthcare, and others. The IT and telecom segment held 23.1% share of Middle East & Africa edge computing market in 2022, amassing US$ 414.06 million. It is projected to garner US$ 1,067.51 million by 2028 to expand at 17.1% CAGR during 2022–2028. 

Based on country, the Middle East & Africa edge computing market has been categorized into Saudi Arabia, South Africa, the UAE and the Rest of Middle East & Africa.  Our regional analysis states that Saudi Arabia captured 41.9% share of Middle East & Africa edge computing market in 2022. It was assessed at US$ 752.13 million in 2022 and is likely to hit US$ 2,019.27 million by 2028, exhibiting a CAGR of 17.9% during 2022-2028.      

Key players operating in the Middle East & Africa edge computing market are ADLINK Technology Inc; Amazon Web Services; Dell Technologies; EdgeConnex Inc.; Hewlett Packard Enterprise Development LP (HPE); IBM Corporation; and Microsoft Corporation among others.   

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