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DUBLIN, Dec. 15, 2020 /PRNewswire/ — The “Edge Computing – Global Market Trajectory & Analytics” report has been added to ResearchAndMarkets.com’s offering.

As the World Searches for a Solution to Latency in IoT Devices, Edge Computing Will Receive a 27.7% Growth Boost

The global market for Edge Computing is expected to reach US$18.7 billion by the year 2027, trailing a post COVID-19 CAGR of 27.7% over the analysis period 2020 through 2027.

The IoT ecosystem is exploding with billions of self-aware devices expected to be connected to the edge of networks by 2030. The Internet of Things (IoT) devices have gained significant traction in the recent years and are likely to witness increasing penetration in the coming years. While organizations and end-users focus on IoT devices, network connectivity intended to facilitate their communication receives relatively little attention. Public cloud and public Internet architectures are often unable to host critical, time-sensitive communications.

Use of private edge cloud networks for handling edge computing workloads and connecting to IoT devices is growing in popularity as it allows organizations to accelerate data processing and analysis. The approach reduces latency and improves performance as well as increasing security levels. Private edge cloud networks are highly effective performance-sensitive applications, making them an ideal choice for edge computing and IoT devices.

In addition to allowing data processing closer to a device to eliminate the requirement of data transfer to the cloud, the strategy isolates communication from the public Internet to ensure faster availability of critical information. Moreover, the ability of private edge cloud networks to isolate IoT communication from public Internet allows faster identification and mitigation of various attack types including distributed denial of service (DDoS) attacks. With the focus now squarely on latency issues, edge computing is rapidly emerging as a technology innovation that can be widely adopted across industries. Some of key benefits of using intelligent edge include capability for quick decision making and low latency.

Edge meets local computing requirements as data is processed in micro-data centers. On-site data processing helps to eliminate latency and address network and connectivity challenges. IoT devices form the backbone of edge computing as they enable data analysis and processing on the edge.

However, edge offers benefits for traditional applications as well. Edge computing can be adopted at close proximity to data source with dedicated units for specific functions in a device. Every edge computing unit would have dedicated storage, computer and network system. Load balancing, networking, routing, switching, as well as security would be handled by the devices. The devices together form a network which processes data from various sources. Event processing engines would analyze the data points to determine data streaming route.

Key Topics Covered:

I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

COVID-Impact on Edge Computing Market
COVID-19-Related Remote Working Pushes Businesses Closer to Edge Computing
An Overview of Edge Computing
Need for Edge Computing
Benefits, Potential and Prospects of Edge Computing
Key Considerations while Opting for Edge
Edge Computing to Hold Prominent Value in Connected World
Edge Computing: Outlook
Market Analysis by Component
Application Market Analysis
Vertical Market Analysis
Regional Analysis
5G Poised to Drive Edge Computing Adoption in China, the Fastest Growing Market
Competitive Scenario
Recent Market Activity

2. FOCUS ON SELECT PLAYERS

Adlink Technology, Inc.
Aricent, Inc.
Cisco Systems, Inc.
Dell EMC
FogHorn Systems
HPE (Hewlett Packard Enterprise India Pvt. Ltd.)
Huawei Technologies Co., Ltd.
Juniper Networks, Inc.
Nokia Networks
Saguna Networks Ltd.
SixSq Sarl
Vapor IO

3. MARKET TRENDS & DRIVERS

Shift in IT Budgets from Bandwidth to Edge Computing
Latency Benefits Drive Adoption of Edge across Diverse Domains
Private Edge Cloud Networks Boon for Organizations Using IoT Devices
Major Challenges with Use of Internet and Cloud Computing for IoT
Advantages of Private Edge Cloud Network
Rise of Smart Cities Opens Up Opportunities for Edge Computing
Industrial IoT Gaining Traction in Industrial Environments
Remote Monitoring: A Key Application Market
IIoT and Edge Computing for Remote Monitoring Gain Prominence Amidst the Pandemic
Content Delivery: An Implementation of Edge Computing
Advances in Mobile Edge Computing & Content Caching in Wireless Mobile Networks
With Efficiency Gaining Importance in Manufacturing, Edge Computing Gains Significance
Edge Computing Hold Potential to Improve Competitiveness for Retailers
Amid the Growing Number of Transportation Companies Leveraging IoT for Smart Fleet Management, Edge Computing Gains Prominence
Edge Computing Seeks Role in Utilities Vertical
Edge Computing for Government Agencies
Edge Computing to Improve Daily Operations of Educational Institutions
Edge Computing for Agriculture
AI Hosting at Edge to Drive Growth
Microservices to Favor Edge Development
Emergence of Multi-Locational Data Storage
Rising Significance of Autonomous Edge
SMBs to Leverage Edge and Hybrid IT
Relevance of Edge Computing in 5G Networks
Innovations and Advancements
Potential Innovations in Distributed Edge Architecture
Alibaba & Intel Introduce a Novel Joint Edge Computing Platform
Mirantis Introduces MCP Edge Platform
Baidu Develops OpenEdge Computing Platform
Haxiot Rolls Out a Novel Edge Computing Solution
Linux Foundation Establishes LF Edge
Additional Select Innovative Developments
Expanding Horizon of Edge Computing Solutions Presents New Challenges