Sarasota, FL -- (SBWIRE) -- 01/10/2019 -- Global Edge Computing Market: Overview
Edge computing is a distributed computing model in which computation is largely performed on distributed device nodes referred as edge devices as opposed to that primarily taking place across the centralized cloud environment. The eponymous "edge" refers to the regional distribution of computing nodes in the network as Internet of Things devices, which are at the "edge" of an enterprise, metropolitan, or other network. The motivation is to provide server resources, data analysis, and artificial intelligence closer to data collection sources and cyber-physical systems such as smart sensors and actuators. Edge computing is seen as important in the realization of physical computing, smart cities, ubiquitous computing, and the Internet of Things.
Edge computing is related to the concepts of wireless sensor networks, intelligent and context-aware networks and smart objects in the context of human–computer interaction.
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Global Edge Computing Market: Growth Factors
Massive need for improving data processing power along with necessity or preventing processing delays is predicted to drive edge computing market growth in the years ahead. Massive use of edge computing technology in manufacturing, healthcare, and IT & Telecommunications sectors is anticipated to drive edge computing market trends. Increase in the number of internet users and rapid acceptance of digital services have led to an exponential rise in the volume of sensitive data collected by organizations. This has further led to increase in data and is likely to steer the large-scale acceptance of the edge computing in myriad sectors.
Growing emphasis on cost and time management, rise in the IoT data, soaring need for automation of businesses, and burgeoning competitive rivalry have significantly boosted the demand for edge computing technologies. The technology has helped firms for gaining real-time insights and improving the effectiveness of their business decision-making process for maximizing profit. However, data privacy and security concerns can hinder the edge computing market growth.
Global Edge Computing Market: Segmentation
The global edge computing market can be divided based on technology, vertical, and organization size. On the basis of technology, the edge computing market can be sectored into mobile edge computing and fog computing. On the basis of vertical, the market can be divided into Small & Medium enterprises and large enterprises. Based on the vertical, the market is segmented into manufacturing, healthcare & life sciences, and IT & telecom sectors.
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Global Edge Computing Market: Regional Analysis
Based on regions, the global edge computing market can be divided into five main regions: North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Presence of a high connectivity network in regions such as North America has facilitated the large acceptance of edge computing solutions. Thus, the North America edge computing market is expected to witness substantial growth over the forecast period. Additionally, presence of key players such as Cisco Systems, Inc., General Electric, Hewlett Packard Enterprise Development LP, International Business Machines (IBM), Microsoft, and SAP SE is anticipated to boost the growth of the regional market.
In addition, massive focus of large number of manufacturing and telecommunication firms on adoption of edge computing services will further drive the regional growth. Additionally, proliferation of digital services and technological advancements coupled with early adoption of the latest technologies in various sectors such as healthcare & life sciences, transportation & logistics, consumer appliances are supplementing the growth of the region.
Asia Pacific is likely to demonstrate an immense growth over the coming years, subject to favorable government schemes promoting digitization along with presence of modern infrastructure facility in the region. Besides this, rising adoption of smart devices and growing investments in cloud and IoT technologies are estimated to be the key factors driving growth of the region. Furthermore, countries such as China and Japan are poised to be the sights of high growth rates in APAC. Surging use of internet and social media in these countries is fueling the demand for edge computing in the region.
Global Edge Computing Market: Competitive Players
The key players of the global edge computing market include Aricent, Inc., Amazon Web Services, Inc. (AWS); Cisco Systems, Inc., General Electric, Hewlett Packard Enterprise Development LP, Huawei Technologies Co., Ltd., International Business Machines (IBM), Intel Corporation, Microsoft, and SAP SE.
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