Delray Beach, Fla., July 14, 2026 /PRNewswire/ — According to MarketsandMarkets™, the global Edge Computing Market is expanding rapidly, with a projected market size rising from USD 111.34 billion in 2026 to USD 317.39 billion by 2031, at a CAGR of 23.3%.

Browse 303 market data Tables and 63 Figures spread through 403 Pages and in-depth TOC on “Edge Computing Market – Global Forecast to 2031”

Edge Computing Market Size & Forecast:

Market Size Available for Years: 2021–20312025 Market Size: USD 87.81 billion2026 Market Size: USD 111.34 billion2031 Projected Market Size: USD 317.39 billionCAGR (2026–2031): 23.3%

Edge Computing Market Trends & Insights:

The market is expanding as enterprises deploy edge infrastructure to support low-latency data processing, AI-enabled workloads, real-time monitoring, and localized analytics closer to devices and users.Services lead edge market growth by providing the specialized expertise needed to deploy, secure, and seamlessly integrate complex, low-latency AI and IoT infrastructures.Edge computing drives real-time decision-making by processing data near endpoints to reduce latency and speed up operations across industrial, retail, healthcare, and transportation sectors.SMEs lead edge market growth by leveraging affordable edge nodes and managed services to bypass expensive data centers, overcome bandwidth limits, and cost-effectively deploy AI, IoT, and automation.Asia Pacific leads edge market growth due to dense urban populations, smart city programs, heavy 5G investments, expanding manufacturing hubs, and large-scale IoT adoption.

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Edge computing has transformed industries by integrating technologies such as AI-enabled processing, 5G connectivity, and ruggedized infrastructure for real-time decision-making. These advancements support ultra-low-latency performance, localized data handling, and seamless integration with IoT ecosystems, driving innovation across manufacturing, retail, and autonomous systems. By enabling faster insights at the source, edge computing enhances responsiveness, reduces reliance on the cloud, and supports mission-critical operations in dynamic environments.

By application, video analytics & computer vision will account for the largest market share during the forecast period.

The video analytics & computer vision segment is expected to register the largest market share during the forecast period. This segment covers key functions such as object detection, facial recognition, surveillance analytics, quality inspection, and real-time visual intelligence across distributed environments. Enterprises across manufacturing, retail, transportation, smart cities, healthcare, and public safety are increasingly deploying edge computing to process high-volume video data closer to the source. This enables faster inference, minimizes bandwidth consumption, reduces cloud dependency, and improves response time for mission-critical visual applications. The rapid expansion of AI-enabled cameras, increasing use of machine vision in industrial automation, and rising investments in smart surveillance infrastructure are expected to strengthen the adoption of video analytics and computer vision, making it the dominant application segment in the Edge Computing Market.     

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By offering, the edge services segment is projected to grow at the fastest rate during the forecast period.

The services segment is expected to record the highest growth in the Edge Computing Market as enterprises increasingly require specialized support to plan, deploy, integrate, manage, and secure distributed edge environments. This segment includes consulting, architecture design, deployment, integration, support, managed infrastructure operations, managed security, and managed platform services. As edge deployments expand across factories, telecom sites, retail stores, hospitals, transport networks, and energy facilities, organizations need external expertise to handle complex workloads, remote monitoring, lifecycle management, and security compliance. Rising adoption of industrial IoT, edge AI, private 5G, and mission-critical applications is increasing demand for professional and managed edge services, making services the fastest-growing offering segment.

North America is expected to be the largest regional market during the forecast period.

North America is expected to lead the global Edge Computing Market, driven by advanced digital infrastructure, widespread 5G availability, and high adoption of distributed technologies, creating a dynamic environment for vendors and enterprises. The region’s mature telecommunications networks, strong cloud ecosystems, and deep engagement with technology providers enable enterprises to process data closer to its source, delivering real-time insights, compliance, and agility across the manufacturing, healthcare, and logistics industries. This infrastructure supports organizations in meeting strict regulatory requirements and achieving faster, more resilient operations, making North America an attractive region for new edge use cases and investments.

Specific developments in May and June 2025, such as HPE’s launch of enhanced Edgeline converged edge systems for AI and analytics and Cisco’s expanded IoT Operations Dashboard for centralized management, demonstrate how companies are rapidly integrating edge computing into their core operations. For vendors, North America’s market dynamics present clear opportunities to grow market share and establish leadership by delivering flexible, industry-tailored platforms, seamless integration, and managed services that simplify adoption. The region’s mix of early adopters, technology expertise, and favorable business climate means vendors who anticipate customer needs, prioritize security and regulatory alignment, and support end-to-end edge deployments will stand out. Vendors can secure lasting partnerships and drive long-term expansion in the world’s most advanced Edge Computing Market by aligning with North America’s integration capabilities, technological leadership, and enterprise demand.

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Top Companies in Edge Computing Market:

The Top Companies in Edge Computing Market include HPE (US), AWS (US), Dell Technologies (US), Cisco (US), Microsoft (US), IBM (US), Google (US), Nvidia (US), Intel (US), and Huawei (China).

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LONDON, July 14, 2026 /PRNewswire/ — The global hydraulic elevators market is likely to be valued at US$21.8 billion in 2026 and is projected to reach US$31.7 billion by 2033, expanding at a CAGR of 5.5% between 2026 and 2033. This growth is being supported by steady demand in low- and mid-rise construction, rising retrofit and modernization activity in aging building stock, and tighter accessibility and safety regulations across major economies. As urban development continues and building owners prioritize barrier-free mobility, hydraulic elevators are gaining traction as a practical solution for both new installations and upgrades.

Key Highlights

The global hydraulic elevators market is projected to grow from US$21.8 billion in 2026 to US$31.7 billion by 2033, registering a CAGR of 5.5%.North America is expected to lead the market with an anticipated 39.7% share, supported by strong retrofit demand and stringent accessibility regulations.Asia Pacific is projected to be the fastest-growing regional market, driven by rapid urbanization and expanding low- and mid-rise construction activity.Hole-less hydraulic elevators dominate the product landscape with an anticipated 41.2% market share, owing to easier installation and retrofit suitability.The 1000–2000 kg capacity segment leads with an estimated 36.8% share, reflecting widespread adoption across residential and small commercial buildings.Leading manufacturers are prioritizing digital monitoring, modernization services, energy-efficient technologies, and lifecycle maintenance solutions to strengthen their competitive position.

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Aging Population and Accessibility-Driven Demand

One of the most important forces shaping the hydraulic elevators market is the rising need for accessible vertical mobility in response to demographic change. The global population aged 60 years and above is expanding rapidly, and this trend is increasing demand for barrier-free infrastructure in homes, healthcare facilities, assisted living centers, and public buildings. Hydraulic elevators are well suited to this environment because they can be installed with relatively limited structural modification, making them an efficient option for retrofit projects and aging-in-place applications.

This demand is especially visible in residential buildings and institutional settings where accessibility is no longer optional but increasingly expected. Many existing buildings were not originally designed with step-free mobility in mind, creating a large retrofit opportunity for elevator manufacturers and service providers. Hydraulic systems offer a balance of affordability, installation flexibility, and reliable performance, which makes them especially attractive for projects where full-scale structural redesign is impractical. As aging populations continue to expand in North America, Europe, and parts of Asia Pacific, accessibility-driven demand is expected to remain a long-term growth anchor for the market.

Regulatory Expansion and Building Compliance Requirements

Stricter building codes and accessibility mandates are also supporting hydraulic elevator adoption. Across major economies, governments and regulatory bodies are enforcing higher standards for public access, building safety, and inclusive infrastructure. These requirements are prompting building owners to install new elevator systems or modernize existing ones to remain compliant. In low-rise and select mid-rise structures, hydraulic elevators often present the most cost-effective route to meet these obligations without extensive redesign.

Compliance-driven demand is particularly strong in healthcare, education, retail, and residential applications, where accessibility standards are tightly linked to occupancy and licensing requirements. Building owners are increasingly prioritizing systems that can deliver reliability, safety, and code compliance while minimizing disruption during installation. Hydraulic elevators benefit from this shift because their simpler architecture and adaptable configuration make them suitable for phased upgrades and modernization programs. As standards continue to evolve, regulatory pressure will remain a key catalyst for installations and retrofits across mature and emerging markets alike.

Key Highlight: KONE Shareholders Approve US$34 Billion Acquisition of TK Elevator in 2026

A standout development for the elevator industry was the approval by KONE’s shareholders of the company’s planned US$34 billion acquisition of TK Elevator (TKE) in June 2026. The transaction, first announced in April 2026, is expected to create the world’s largest elevator company, surpassing Otis, while significantly strengthening KONE’s presence in the Americas.The acquisition received shareholder approval with 74% of voting power pre-committed in support of the deal. KONE’s management stated that the next phase involves regulatory filings across multiple jurisdictions and preparation of integration plans. The transaction is expected to face antitrust scrutiny and is estimated to require 12 to 18 months to complete, subject to regulatory approvals.

The cash-and-shares transaction was valued at €29.4 billion (approximately US$34.2 billion), including debt. Under the agreement, KONE will pay €5 billion in cash, issue 270 million new Class B shares, and assume €9.2 billion in TK Elevator’s net interest-bearing debt. KONE also indicated that certain divestments may be required in specific geographies to satisfy regulatory authorities. Upon completion, Advent International and Cinven are expected to receive equity stakes and board representation in KONE.

Segmentation Insights: Hole-less Hydraulic Elevators Lead While Roped Hydraulic Elevators Drive the Fastest Future Growth

Hole-less hydraulic elevators are expected to dominate the market with an anticipated 41.2% share, supported by their simple installation process, lower excavation requirements, and strong suitability for low-rise buildings and retrofit projects where structural modifications are limited. Their ability to reduce construction time and civil engineering costs continues to make them the preferred choice across residential, healthcare, and commercial applications. Meanwhile, roped hydraulic elevators are projected to be the fastest-growing product segment, driven by rising demand for compact, energy-efficient, and aesthetically integrated elevator systems in premium residential developments, luxury villas, and boutique commercial buildings. Ongoing product innovations focused on smoother ride quality, space optimization, and customizable designs are further accelerating adoption, enabling manufacturers to address evolving architectural requirements while strengthening their presence in high-value urban construction and modernization projects.

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Regional Insights: North America Leads While Asia Pacific Records the Fastest Market Growth

North America is expected to lead the hydraulic elevators market with an anticipated share of approximately 39.7%, supported by strong retrofit activity, strict accessibility regulations, and a mature service ecosystem. The United States remains the largest contributor, driven by compliance with ADA-related accessibility expectations and established safety standards. A significant portion of the installed elevator base in the region is aging, creating consistent demand for modernization in residential, healthcare, and institutional buildings. Canada is also contributing to regional growth through aging demographics and accessibility-focused housing demand.

Europe follows with steady demand anchored in building refurbishment and compliance-driven modernization. Much of the region’s building stock was developed decades ago, and owners are now investing in upgrades to meet newer safety, accessibility, and energy-efficiency requirements. Key markets such as Germany, the U.K., France, and Spain continue to generate healthy demand across residential and commercial applications. Manufacturers are responding with connected services, predictive maintenance capabilities, and lifecycle optimization programs. Investment activity remains concentrated in dense urban centers, where retrofitting older buildings is more practical than large-scale redevelopment.

Asia Pacific is expected to be the fastest-growing region in the hydraulic elevators market, supported by rapid urbanization, expanding low- and mid-rise construction, and rising demand for economical mobility solutions. China, India, Japan, and South Korea are among the most important markets in the region. In India, affordable housing and compact urban development are creating opportunities for cost-effective hydraulic systems, while China continues to drive large-scale construction demand. Japan and South Korea contribute through advanced manufacturing capabilities and innovation in elevator systems. Across Southeast Asia, infrastructure expansion and mixed-use development are adding further momentum.

Key Players and Business Strategies

Leading players in the hydraulic elevators market include Otis Worldwide Corporation, Schindler Group, KONE Corporation, TK Elevator, and Mitsubishi Electric Corporation.

Otis Worldwide Corporation continues to focus on modernization programs, digital monitoring, and service-led revenue expansion, especially in North America and Europe.Schindler Group and KONE Corporation are strengthening their connected service offerings, emphasizing predictive maintenance and lifecycle efficiency.TK Elevator is expanding its modernization portfolio and targeting retrofit opportunities in aging urban infrastructure.Savaria Corporation is leveraging demand for residential accessibility solutions, particularly in home elevator applications.Mitsubishi Electric Corporation, Hitachi Ltd., Hyundai Elevator Co., Ltd., and Fujitec Co., Ltd. are investing in product innovation, smart controls, and regional expansion to support growth in Asia Pacific.

Overall, competitive strategy in the hydraulic elevators market is centered on modernization, digital integration, energy efficiency, and customized solutions. Companies that can combine equipment sales with long-term service, maintenance, and upgrade offerings are likely to strengthen their market position and capture recurring revenue opportunities over the forecast period.

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Market Segmentation

By Product Type

Hole-lessRopedHoled

By Capacity

1000-2000 kg4000-8000 kgUp to 1000 kgOver 8000 kg

By Application

ResidentialCommercialIndustrialInstitutional

By Speed

1-2 m/sOver 3 m/sUp to 1 m/s2-3 m/s

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Success Isn’t Something You Hope For; It’s Something You Intentionally Build

CINCINNATI, July 14, 2026 /PRNewswire/ — Young professionals spend years preparing for their first job but often receive little guidance on how to build a career, lead others, manage money or create a fulfilling life. To address that challenge, executive coach and business leader Jerry Blais launched Core8 Catalyst.

Core8 Catalyst combines practical education, professional assessments, coaching, accountability and a trusted peer community to help members develop the clarity, confidence and skills needed to thrive in an ever-changing world.

“The decisions we make early in life often shape opportunities for decades to come,” said Blais, founder of Core8 Catalyst. “Yet many of those decisions happen during a time when our support systems are changing, our careers are just beginning, and we are expected to figure everything out on our own.”

Blais understands that challenge firsthand.

After graduating with a marketing degree, he accepted a position with the Department of Defense. While the opportunity offered stability, he later realized it was not moving him toward the career he ultimately wanted.

“I took the opportunity that was in front of me instead of asking whether it was helping me build the future I really wanted,” Blais said. “I was not being intentional.”

After earning his MBA, Blais left the security of government employment to pursue a career in sales and marketing, a decision that ultimately shaped the next three decades of his professional life.

“I have often wondered how much faster my own career could have developed if someone had challenged me to think differently when I was 20,” he said. “That question stayed with me for years and eventually became one of the reasons I created Core8 Catalyst.”

Throughout his career, Blais led organizations ranging from entrepreneurial startups to multimillion dollar companies. Along the way, he found one of the most rewarding parts of leadership was mentoring young professionals.

“The questions were always remarkably similar,” Blais said. “How do I know if I am on the right career path? How do I become a leader? How do I build financial security? What does success really look like for me?”

Those conversations convinced him that the issue was not a lack of intelligence or ambition. Blais explains, “Many young professionals simply lacked a practical framework and roadmap for making intentional decisions during the most formative years of their careers and lives.”

In 2019, Blais launched his executive coaching practice and expanded his work mentoring entrepreneurs, family businesses, college students and young people through several nonprofit organizations and universities. Those experiences reinforced his belief that while schools prepare students academically and employers teach job-specific skills, few organizations help young professionals intentionally develop the comprehensive career and life skills needed for long-term success while also serving as an unbiased, trusted advisor throughout their journey.

To determine whether others shared that need, Blais spent several years researching the concept behind Core8 Catalyst. He commissioned independent market research, interviewed young professionals across multiple industries and tested the education, coaching and community framework through a pilot program.

The response confirmed there was a need for a more intentional approach to career and personal development.

“For me, one of the strongest indicators was what happened after the pilot ended,” Blais said. “Participants asked if they could continue meeting. More than a year later, they still do because they value learning together, challenging one another and supporting each other’s growth.”

Today, Core8 Catalyst combines practical education, professional assessments, coaching, accountability and peer community to help young professionals intentionally build successful careers and meaningful lives.

“My hope is not that everyone follows the same path,” Blais said. “Success looks different for every person. My hope is simply that they ask better questions, make more intentional decisions and build a future they are proud of.”

Core8 Catalyst is now welcoming Founding Members. More information, member stories and complimentary career resources are available at www.core8catalyst.com.

SIDEBAR: The Core8 Catalyst Building Blocks for Success

Core8 Catalyst takes a whole-person approach, helping members grow professionally and personally through eight key areas:

Building and Leveraging Your Community – Build meaningful relationships for life and work.Ensuring Physical and Mental Wellness – Develop habits to stay focused and energized.Goal Setting, Productivity & Time Management – Learn to prioritize, plan, and execute goals and priorities with greater focus and efficiency.Assessing Your Strengths, Weaknesses, Behaviors and Occupational Interests – Discover your strengths, behaviors, and career fit.Defining Your Vision, Mission & Values – Define your vision on where you want to go and what drives you.Building and Executing Your Career Roadmap – Create a strategic plan with key actions to move forward with purpose.Developing Your Leadership Skills and Behaviors– Learn to lead with confidence and influence.Personal Financial Literacy, Planning and Execution – Master budgeting, investing, credit, and wealth-building.

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SOURCE Core8 Catalyst, LLC