The Europe 5G Edge Computing Market would witness market growth of 46.4% CAGR during the forecast period (2024-2031).
The Germany market dominated the Europe 5G Edge Computing Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $4,480.4 million by 2031. The UK market is exhibiting a CAGR of 45.2% during (2024 - 2031). Additionally, The France market would experience a CAGR of 47.8% during (2024 - 2031).
It is estimated that global public cloud spending reached approximately $600 billion in 2023, a substantial increase from $490 billion in 2022. For example, Amazon Web Services (AWS) sales increased 13% year-over-year to $24.2 billion. Similarly, Microsoft Azure reported that server products and cloud services revenue increased $12.6 billion or 19%, driven by Azure and other cloud services.
The 5G edge computing applications span a wide array of sectors, each benefiting from the technology’s ability to deliver real-time insights and seamless connectivity. In smart cities, 5G edge computing powers intelligent traffic management systems, where data from cameras, sensors, and vehicles is processed instantly to optimize traffic flow, reduce congestion, and enhance public safety.
The market is gaining momentum globally, fuelled by increasing investments in data centers, smart manufacturing, and automotive advancements. The UK has attracted £6.3 billion in global investments into its data center sector, taking the total investment beyond £25 billion under the current government. This continuous push for digital infrastructure expansion highlights the country’s commitment to supporting cloud computing, AI, and IoT-driven industries. Moreover, as per the ITA, By 2025, 84% of German manufacturers plan to invest €10 billion ($10.52 billion) annually in smart manufacturing technologies, with 75% of companies already implementing digital solutions. Italy’s automotive sector, with a turnover of €92.7 billion in 2022, remains a vital part of the country’s economy, contributing 9.3% to the manufacturing sector and 5.2% to the GDP. The production of 782,629 vehicles and the registration of 1.33 million new cars in 2022 highlights the industry’s continued significance. Therefore, the UK, Germany, and Italy drive the market through strategic investments in data centers, smart manufacturing, and the automotive industry.
Free Valuable Insights: The Global 5G Edge Computing Market will Hit USD 69.02 Billion by 2031, at a CAGR of 46.9%
Based on Solution, the market is segmented into Software, Services and Hardware. Based on End Use, the market is segmented into IT & Telecom, Datacenters, Automotive, Smart Cities, Smart Homes, & Smart Buildings, Healthcare, Energy & Utilities, and Other End Use. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
By Solution
By End Use
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