According to HTF Market Intelligence, the Global Blockchain in Edge Computing Market market to witness a CAGR of 49.29% during forecast period of 2023-2028. Global Blockchain in Edge Computing Market Breakdown by Application (Smart Grids, Connected Cars, Industrial IoT, Smart Cities, Others) Type (On-Premises, Cloud-Based) by Component (Hardware,Software, Services). The Blockchain in Edge Computing Market market size is estimated to increase by USD 1376.01 Million at a CAGR of 49.2% from 2023 to 2028. The report includes historic market data from 2017 to 2022E. Currently, market value is pegged at USD 214.6 Million.
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Blockchain in edge computing refers to the integration of blockchain technology with edge computing architecture, where edge devices can store and process data in a decentralized manner using blockchain.
Blockchain in Edge Computing Market market – Key Segment Analysis
The market share growth by the On-Premises, segment will be significant during the forecast period. The segment is driven by the Increasing demand for low-latency computing and real-time data processing in various industries such as healthcare, finance, and manufacturing..
Blockchain in Edge Computing Market market – Competition Analysis
The global Blockchain in Edge Computing Market market is seeing several joint ventures to intensify the capability of manufacturers and/or companies to establish geographic footprints to new territory. The vendors are accelerating M&A strategies to expand their geographical reach, which is shaping the market toward new growth cycle. The list of players that are profiled in the study are Amazon Web Services, Inc. (United States), Cisco Systems, Inc. (United States), Clearblade, Inc. (United States), Filament (United States), FogHorn Systems (United States), Huawei Technologies Co., Ltd. (China), IBM Corporation (United States), Intel Corporation (United States), Microsoft Corporation (United States), Nokia Corporation (Finland), NVIDIA Corporation (United States).
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Blockchain in Edge Computing Market
Market Drivers
- Increasing demand for low-latency computing and real-time data processing in various industries such as healthcare, finance, and manufacturing.
Market Trend
- The trend towards edge computing and the growing demand for decentralized, secure, and trustworthy computing infrastructures are driving the adoption of blockchain in edge computing.
Market Opportunities
- The use of blockchain in edge computing can enable new use cases such as edge analytics, distributed AI, and autonomous systems.
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What key data is demonstrated in this Blockchain in Edge Computing Market market report?
- CAGR of the market during the forecast period
- Detailed information on factors that will drive the growth of the Blockchain in Edge Computing Market market between 2023 and 2028
- Precise estimation of the size of the Blockchain in Edge Computing Market market and its contribution to the parent market
- Accurate predictions about upcoming trends and changes in consumer behaviour
- Value in dollar term and growth of the market industry across APAC, Europe, North America, South America, and Middle Eastand Africa; further broken down by major country within region.
- Thorough analysis of the market’s competitive landscape and detailed information about vendors
- Comprehensive analysis of factors that will challenge the growth of Blockchain in Edge Computing Market market players
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FIVE FORCES & PESTLE ANALYSIS:
In order to better understand market conditions five forces analysis is conducted that includes the Bargaining power of buyers, Bargaining power of suppliers, Threat of new entrants, Threat of substitutes, and Threat of rivalry.
- Political (Political policy and stability as well as trade, fiscal, and taxation policies)
- Economical (Interest rates, employment or unemployment rates, raw material costs, and foreign exchange rates)
- Social (Changing family demographics, education levels, cultural trends, attitude changes, and changes in lifestyles)
- Technological (Changes in digital or mobile technology, automation, research, and development)
- Legal (Employment legislation, consumer law, health, and safety, international as well as trade regulation and restrictions)
- Environmental (Climate, recycling procedures, carbon footprint, waste disposal, and sustainability)
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