Edge computing demand is anticipated to increase as a result of the rollout of 5G and rising demand for decentralized data processing capability, the Global Edge Computing Market is forecasted to reach nearly US$ 20 Bn by 2028 says Ken Research Study.
Edge computing adds to the organization's complexity by allowing a broad group of stakeholders to maintain IT infrastructures, networking, software development, traffic distribution, and service administration. Edge further blends networking architecture, software, and hardware solutions to address a range of use cases across numerous industries. The development of edge computing is still in its early stages. Although it’s operational and deployment models have not yet developed, edge computing is anticipated to present considerable growth opportunities for new entrants in the coming years.
Ken Research shares 3 key insights on this high-demand market from its latest research study.
- Growing demand for real-time, automated decision-making solutions and low-latency processing
For businesses adopting cloud infrastructure in the current business environment, lowering service access latency and data transmitted to the cloud are essential requirements. A data packet's latency in a computer network is the amount of time it takes to transit.
A higher data transfer rate results from lower latency. Many applications, such as content delivery, remote monitoring of oil and gas fields, and manufacturing facilities, are also delay-sensitive and demand real-time calculation. Through localized processing, edge computing lowers the latency of these applications and enables real-time calculation for quicker decision-making. Edge computing also aids in boosting the performance of applications and the effectiveness of businesses by reducing operating costs. This is accomplished by getting rid of the expenses related to pointless transmission to and storage at centralized data centers or the cloud.
According to Ken Research estimates, the Global Edge Computing Market – valued at around US$ 3 Bn in 2017 and estimated to reach nearly US$ 8 Bn by 2022 – is expected to grow to around US$ 20 Mn opportunity by 2028.
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- The Introduction of the 5G Network Is Propelling the Market Growth
Edge computing is projected to benefit greatly from the ongoing development of 5G networks and their progression. With the rollout of the 5G network, the number of linked devices is predicted to significantly expand. Additionally, it is anticipated that the connected devices and 5G networks would place a significant data burden on physical data centers, increasing the need for capacity and lowering latency. The market is therefore expected to experience significant development prospects as a result of all these reasons.
- Initial infrastructure CAPEX is hampering the market growth
Businesses are progressively moving toward digitization by implementing cutting-edge technologies to streamline and speed up their operational procedures. Through localized processing, edge computing has the potential to lower data transport and storage costs, yet investing in edge infrastructure still increases businesses' CAPEX. Edge nodes, edge devices, and edge data centers would demand significant investment from businesses seeking comprehensive edge computing solutions.
Additionally, they would have to spend more money securing all of the network's devices. As a result, many content delivery companies are hesitant to move closer to the edge to achieve low-latency processing.
Key Topics Covered in the Report: -
Snapshot of the Global Edge Computing Market
Industry Value Chain and Ecosystem Analysis
Market size and Segmentation of the Global Edge Computing Market
Historic Growth of the Overall Global Edge Computing Market and Segments
Competition Scenario of the Market and Key Developments of Competitors
Porter’s 5 Forces Analysis of the Global Edge Computing Industry
Overview, Type Offerings, and Strengths & Weaknesses of Key Competitors
COVID-19 Impact on the Overall Global Edge Computing Market
Future Market Forecast and Growth Rates of the Total Global Edge Computing Market and by Segments
Market Size of Application Segments with Historical CAGR and Future Forecasts
Analysis of Global Edge Computing in Major Regions
Major Type/Supply and Consumption/Demand Hubs within Each Region
Major Country-wise Historic and Future Market Growth Rates of the Total Market and Segments
Overview of Notable Emerging Competitor Companies within Each Major Region
Major Players Mentioned in the Report
General Electric Company
IBM Corporation
Intel Corporation
Microsoft Corporation
SAP SE
Amazon Inc.
Huawei Technologies Co. Ltd.
Hewlett Packard Enterprise Development
Honeywell International Inc.
Google LLC
Notable Emerging Companies Mentioned in the Report
EdgeConnex Inc.
ClearBlade
Digi International
Axellio
Key Target Audience – Organizations and Entities Who Can Benefit by Subscribing This Report
Edge Computing Companies
Edge Computing Association
Cloud Server Manufacturers
Networking Equipment Manufacturers
Research & Development Institutes for Edge Computing
Edge Computing Manufactures
Technology Research Associations
Edge Computing Solution Suppliers
Edge Computing Component Providers
Investment Banks Targeting Edge Computing Market
PE and VC Firms Targeting Edge Computing Industry
Government Ministries and Departments of Information Technology
Government Ministries and Departments of Communications Industry
Potential Entrants into Edge Computing Industry
For more insights on the market intelligence, refer to the link below: -
