Know the future scope of Edge computing in Southeast Asian Countries

Internet of Things (IoT) has achieved an unstoppable growth in the past few years, with its scope widening in every commercial sector, thereby contributing in the growth of connected devices with a total count reaching around 20 billion by 2020. However, with this flourishing growth of technology there arises a challenge of data management and processing. IoT has contributed in the voluminous growth of data over the internet in the last two years and this scenario is projected to grow at a rate of 40% during the forecast period, primarily supported by the colossal growth in the number of devices.

However, with the colossal growth in the number of devices and data there occurs an issue of increased latency across different locations and networks, which reduces the overall network efficiency, thereby making the IoT network an unsustainable approach in the long term. Additionally, current heterogeneous network architecture also fails in managing the increased number of endpoints and their higher volume of data, thereby appealing the need for an efficient data management technology. As a part of addressing this issue, the concept of edge computing and edge connectivity was drawn into the picture, that primarily deals with processing of data near to the data source so that response time and connectivity can be controlled, thereby increasing the efficiency of the overall system.

Singapore: Country has adopted IoT services in maintaining an effective waste management systems for optimizing the cleaning functions. OTTO waste systems Singapore Pte Ltd is heading the project, with sensors integrated in the system so that cleaning crew can be notified when they need to empty these litter bins. Besides the huge role of IoT in waste management, it has also been adopted for various applications such as smart power metring, smart street lighting, smart fleet management and others. With this exponential growth of IoT in various uses cases, the data generated associated with it also widens, thereby appealing the need for effective computing model. Edge computing would prove to be a top-notch solution for dealing with this scenario, which also presents a lucrative opportunity for the market growth during the forecast period. Mobile IoT technologies are gaining a rapid traction across the Asia Pacific region, with its adoption in various use cases. This scenario has led to the generation of huge amount of data, however the main issue with the current system is its inability to process the data at the centralized location with at most efficiency, thereby resulting in the degradation of system performance. This has created the demand for edge computing solutions, thereby paving the path for a flourished market state.

For full article visit @ https://flairintelligence.com/how-edge-computing-has-propelled-the-internet-of-things-iot-market/

For sample request or any other queries write us at
info@flairintelligence.com

Office A & B, Kakade Terrace
Warje, Pune 411058

About Us
Flair Intelligence is market research and consulting firm, with a vast expertise in technology and consumer goods reports. Our colossal repository of research reports, would present you with an in depth details about the market ranging from evolving trends, competitive analysis and bench marking, lucrative investment pockets, which will help your business drive profitable growth.
Our Major Services:
• Custom Research
• Industry Monitoring Services
• Syndicate Research

This release was published on openPR.