Showing posts with label North America Edge Computing Industry Analysis. Show all posts
Showing posts with label North America Edge Computing Industry Analysis. Show all posts

Wednesday, October 16, 2019

Growth in Adoption of IoT across Industries Expected to Drive North America Edge Computing Market over the Forecast Period: Ken Research

Edge computing is a distributed computing paradigm which provides real-time data analysis and decreases the cost related to data management & operations. It is a network of data centers that store & process data locally before sending them to cloud or centers. It optimizes computing to avoid interruptions in sending or receiving data. It brings data processing nearer to Internet of Things (IoT) sensors to improve efficiency and reduce latency. IoT and IIoT are examples of edge computing. IoT includes home appliances, traffic lights, mobile devices, motor vehicles (trucks & cars), thermostats and smart streetlights. Additionally, IIoT includes smart power grid technology, automated industrial machines, magnetic resonance (MR) scanner, wind turbine and undersea blowout preventers.
The key characteristics are real-time interactions, scalable, geographically distributed, autonomous & distributed, heterogeneous and contextual & low latency. Some of the benefits are included cost-effective, secure, faster response and reliable operations.

According to study, “North America Edge Computing Market (2018-2023)” the key companies operating in the North America edge computing market are Cisco Systems Inc., IBM Corp., Microsoft Corporation, Google Inc., Amazon. Key players are gradually taking initiatives for technological advancements. The launch of advanced technology is anticipated to fuel growth of the market and aid players to gain higher revenue.

Based on component type, edge computing market is segmented into edge computing hardware, edge computing services and edge computing platform. Hardware components include routers and gateways. Hardware segment holds major share in market owing to enabling comprehensive edge infrastructure deployment, large-scale deployment of components for decentralizing storage & computing operations, and reducing network traffic. Based on application, market is segmented into smart cities, connected healthcare, smart factories, smart grids, connected vehicles, and others. In addition, based on end-use industries, market is segmented into manufacturing sector, IT & telecommunication, healthcare & life sciences, energy and utility sector, and consumer appliances.

The edge computing market is driven by growth in adoption of IoT across industries, followed by increase in data volumes & network traffic, surge in end-use industries, increase in development of innovative concepts for instance autonomous cars, presence of large number of edge computing vendors, increase in technology adoption, rise in gaming & e-commerce industries, increase in average number of digital devices and rise in demand for low-latency processing & real-time. The IoT is driven by large volumes of data generated from various activities in our day-to-day lives. However, problem with standardization & implementation of the network and lack of skill & understanding may impact the market. Moreover, lightweight frameworks & systems to increase efficiency of edge computing solutions and emergence of autonomous vehicles & connected car infrastructure are key opportunities for market.

Based on regions, North America edge computing market is segmented into the Canada and United States. USA holds major share in market owing to rise in utilization of digital infrastructure and limitation of cloud-based analytics systems in the country. It is anticipated that future of the market will be bright due to presence of connectivity networks over the forecast period. It is expected that market will be reached at US $ 2.43 billion by 2023, expanding at a CAGR of 28.7%.

For more information, click on the link below:

Contact Us:    
Ken Research                                   
Ankur Gupta, Head Marketing & Communications
+91 9015378249

Monday, October 7, 2019

Landscape of the North America Edge Computing Market Outlook: Ken Research

The edge computing is a groundbreaking approach to enhance the cloud computing systems. It principally refers to the technologies allowing the computation to be functioned at the edge of the connection. These services are functioned on the downstream data on behalf of the cloud services and upstream, data on behalf of IoT services. The edge computing is accountable for bring into line data acquisition a hold functions, stowing of great bandwidth content, and applications nearer to the end user. The edge sites are positioned as close as possible to the end users namely as a logical endpoint of a connection as portion of a more widespread cloud computing architecture.

Additionally, the increasing proliferation of the Internet of Things (IoT) and growing security concerns at public places are fueling the market growth. The IoT technological trend is predicted to attain the great requirement in the near years, considering the corporate’s initiatives for the digital transformation. The fast growth and growing implementation of IoT within corporations are predicted to assist the edge computing market. According to the report analysis, ‘North America Edge Computing Market (2018-2023)’ states that in the North America Edge Computing market, there are several key players which presently working more enormously for leading the fastest market growth and dominating the high value of market share during the short span of time while increasing the applications, decreasing the price of the services, depleting the issues related to the privacy, providing the better consumer satisfaction and spreading the awareness includes Cisco system, Microsoft Corporation, IBM, Google, Amazon and several others.

The North America edge computing market is proficiently predicted to reach USD 2.43 Bn by 2023, extending at a handsome CAGR of 28.7%. Edge computing brings data processing quicker to IoT sensors to deduct the latency and improve efficiency. 

However, on the basis of geography, the market is sectored into the United States and Canada. The U.S. would protected the uppermost market owing to it has leveraged the optimization of the digital infrastructure. This emerging technology has increased transaction because of the restriction of cloud-based analytics systems.

Meanwhile, the decisive challenges faced by this economy is deficiency of skill, understanding, several issues with the standardisation and implementation of the network. This emerging technology is incrustation the problem of deployment, i.e. challenging to heighten the spectrum usage. Whereas, the internet of things is trending in North America region. With more IoT devices getting linked, the region's market has seen bigger implementation of the edge computing solutions across all the verticals. The occurrence of the connectivity networks will act as an effectively fostering the factor to facilitate the embracing of edge computing.

The middling number of digital devices obtainable to the citizen is growing exponentially. Individual are better linked with heightened access to brand and content. The gaming and e-commerce markets are prosperous in this economy. This would widen the opportunity of edge computing. Therefore, in the near years, it is anticipated that the market of edge computing will increase more positively over the coming years.

For more information, click on the link below:

Contact Us:    
Ken Research                                   
Ankur Gupta, Head Marketing & Communications
+91 9015378249