Edge Computing Market to Witness Exponential Growth by 2025

Edge Computing market is growing progressively due to the increasing usage of IOT and other smart devices. In edge computing sensors, and other connected devices transmit data from near available edge computing devices which processes and analyze the data by itself without sending data to remote data center. The edge computing is being increasingly used by IoT applications as edge computing provides various features to IoT applications such as near real-time analysis of data, lower costs related to operations and data management, reduced data sent back to the cloud (and, therefore, less constricted networks), and the assurance that other IT assets will remain operational even when one device malfunctions.

Edge Computing allow users and application developers and content providers cloud computing proficiencies along with IT service environment at the edge of network. The edge computing devices are responsible for handling network switching, routing, load balancing, security, and audit trail while also doubling up for running data processing pipelines.

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Edge Computing Market: Drivers and Challenges

The major factor driving the adoption of Edge Computing is the increasing usage of edge computing in various application areas such as IoT, agriculture, defense & security and others. Farmers could benefit from edge computing when they have vast tracts of farmland to cover when checking on livestock or property fencing. Other driving factors are the growing usage of smart devices among individuals.

The key challenge for Edge Computing is the lack of control over security and privacy measures due to which hackers can easily takeover the devices and steal the internal data and can use that device for immoral purpose. Another major issue is to determine intelligence level built into devices and which process can be done completely without human need. These factors are restricting the market for edge computing to grow faster.

Edge Computing Market: Segmentation

Segmentation on the basis of Components:

Edge Computing Hardware
Edge Computing Software
Edge Computing Services
Segmentation on the basis of Industry:

IT & Telecom
BFSI
Retail
Manufacturing
Transportation
Energy & Utility
Others
Key Developments:

In January 2017, Saguna Networks, a mobile edge computing provider has entered into the partnership with WindRiver to improve the process of deploying mobile edge computing solutions. This partnership will further help Saguna Networks to create optimizable solutions.

In October 2016, the MachineShop, an API based asset and data management provider has launched edge computing products and solutions which works in close concert with not only its own cloud services but virtually any enterprise application or infrastructure platform

Key players:

In Edge Computing market there are many vendors some of them are IBM, Cisco, Aricent, Schneider electric and others.

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Regional Overview

Presently, North America is holding the largest market share for Edge Computing solution market due to high adoption of Edge Computing among enterprises in various industries for smart devices, IOT implementation, and in agriculture field also. The adoption of software as a service model platform is also impacting the market for Edge Computing in a positive manner as large solution providers have started providing these Edge Computing technologies on cloud to small enterprises. In Europe region, the market for Edge Computing is witnessing high growth rate due to the increasing demand for technologies that can allow companies to share resources and their data that can be self-hosted, cloud hosted and have multi-tenant deployment option.

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