Edge Computing Playing a Major Role in Reducing the Traffic to Central Server
According to a new report published by Reports Monitor titled, “Global Edge Computing Market, Growth Opportunities, Innovations and Forecast, 2017-2025,” the Edge Computing market was valued at XX million in 2016, and is projected to reach at XX million by 2025, growing at a CAGR of XX% from 2017 to 2025.
Edge computing technology refers to the presence computing infrastructure closer to the data source. It is mainly used in the IoT applications where, edge devices collect massive data and then transmit to the central server for processing. This avoids the major traffic to the central repository thereby enhancing the performance. Edge computing proves to be beneficial when there is a poor connectivity between the devices and central server; also it helps in reducing the latency owing to the non-traversal of data to the central repository.
Cloud infrastructure plays a significant role in the current digital world by providing excellent services in terms of storage and cost; however the increasing amount of data generated in the real time applications would increase the load on the cloud. The increased traversal of data to the cloud would result in degrading the computing speed, thereby producing more latency. Adoption of edge computing would reduce the load on the central repository by transmitting only the required data, hence resulting in better performance Thus growing load on the cloud infrastructure drives the market significantly. Additionally the increased scope of applications in various sectors also propels the market growth. However the security and privacy concern regarding the edge computing may result in hampering the market growth. Adoption of micro data centers adjacent to the 5G wireless network towers would result in the enhancement of the 5G technology thereby generating better market opportunities.
This report provides a detailed analysis of Edge Computing market, which includes current industry situations such as market size, growth and demands, market outlook, major players with their key strategies such as investment, mergers and acquisitions, value chain analysis and swot analysis. It covers the market canvas and the growth opportunities in the coming years. The report has been made with an in-depth analysis along with important inputs from the various industry experts. The research is carried out with both extensive primary and secondary data sources with bottom-up and top-down approaches.
The edge computing technology is majorly segmented on the basis of components, applications, organization size and end-use. Based on the components, market is segmented into: hardware, gateways, micro data centers and platform, while on the basis of applications the market is bifurcated into: smart cities, analytics, data caching, augmented realty and other. Depending upon the organization size, market is classified into: small and medium sized enterprise and large enterprises. Based on the end-use the market is classified into: manufacturing, healthcare, IT and Telecom, Government and Public and others.
Based on the geographical regions covered, the market is analyzed across: North America, Europe, Asia Pacific and LAMEA (Latin America, Middle East and Africa). North America is expected to hold the major market share owing to the presence of well-established infrastructure and presence of prominent players in the region, while Asia Pacific is anticipated to witness a fast growth mainly due to the increased adoption of cloud services in the countries such as China, India and Japan.
The major key players operating in the market are: Amazon (U.S.), General Electric (U.S.), Microsoft Incorporation (U.S.), Intel Corporation (U.S.), SAP SE (Germany), Alphabet Inc. (U.S.), Aricent (U.S.), IBM Corporation (U.S.), Huawei Technologies (China), Integrated Device Technology (U.S.) among others.
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