Worldwide Edge Computing Market Outlook, Demand, Trends, Review and Forecast Report 2019-2025
The global edge computing market size is expected to reach USD 28.84 billion by 2025 registering a CAGR of 54.0%, according to a new report by Radiant Insights, Inc. Growing need to process large volumes of data being generated from the rise in Internet-of-Things (IoT) developments closer to the end user is expected to increase the demand for these solutions over the forecast period. Increasing emphasis on cost reduction and process automation coupled with intensified business competition is also expected to drive the market in the coming years. Organizations are endorsing this technology to enhance operations and gain real-time insights. Thus, the continued transition toward the adoption of edge computing is expected to influence the IT strategies of key companies over the forecast period.
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Continued adoption of this technology for the data center application is also expected to propel the market growth. Its adoption is also expected to culminate in having micro data centers located closer to the existing infrastructure, which would help address the latency issues. Data Center Management-as-a-Service (DMaaS) is emerging as a low-cost way for data center management as it ensures effective use of the IT layer by monitoring data center’s infrastructure from the edge. DMaaS can also be utilized as a cost-efficient and flexible solution for companies willing to gain real-time insights. Stringent requirements of 5G standards, such as high reliability, ultra-low latency, and consistency in user experience, is expected to trigger the need for localized services based on Radio Access Networks (RAN).
As such, Mobile Edge Computing (MEC) is emerging as a promising computing architecture for telecom operators, IT platform providers, and system integrators. MEC adds virtualization and computing capabilities to a RAN. Prominent companies in the market include Microsoft Corp.; International Business Machines (IBM) Corp.; Cisco Systems, Inc.; Intel Corp.; and Amazon Web Services, Inc. These companies are actively developing innovative and unique solutions. For instance, Microsoft’s Azure IoT edge delivers cloud intelligence through the implementation of Azure services and Artificial Intelligence (AI) directly on cross-platform IoT devices. Similarly, IBM Corp. offers Watson IoT Platform Edge, which enables the end users to extend Watson IoT platform capabilities to edge devices.
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Further key findings from the study suggest:
• High-performance applications in the edge network are expected to propel the growth of the software component segment over the forecast period
• Data centers end-use segment is expected to witness the fastest CAGR over the forecast period owing to the rising need for reducing data center downtime
• APAC is projected witness the highest CAGR of more than 60% from 2019 to 2025. Growing need for digital transformation to streamline and automate the operations is expected to drive the regional market
• Intel Corp.; Aricent, Inc.; Amazon Web Service (AWS), Inc.; and Cisco Systems, Inc. are some of the prominent companies in the global edge computing market
• These companies are collaborating with technology providers to deploy edge solutions on a broader scale for high-performance applications
• Original Equipment Manufacturers (OEMs) are using this technology in their automation and predictive maintenance solutions and transforming their service model to enhance customer experience
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About Radiant Insights
Radiant Insights is a platform for companies looking to meet their market research and business intelligence requirements. It assists and facilitate organizations and individuals procure market research reports, helping them in the decisions making process. The Organization has a comprehensive collection of reports, covering over 40 key industries and a host of micro markets. In addition to over extensive database of reports, experienced research coordinators also offer a host of ancillary services such as, research partnerships/ tie-ups and customized research solutions.
Media Contact:
Company Name: Radiant Insights, Inc
Contact Person: Michelle Thoras
Phone: (415) 349-0054
Toll Free: 1-888-928-9744
Address: 201 Spear Street 1100, Suite 3036,
City: San Francisco; State: California; Country: United States
Email: sales@radiantinsights.com
Website: https://www.radiantinsights.com/
Download Free Sample Report @ https://www.radiantinsights.com/research/edge-computing-market/request-sample
Continued adoption of this technology for the data center application is also expected to propel the market growth. Its adoption is also expected to culminate in having micro data centers located closer to the existing infrastructure, which would help address the latency issues. Data Center Management-as-a-Service (DMaaS) is emerging as a low-cost way for data center management as it ensures effective use of the IT layer by monitoring data center’s infrastructure from the edge. DMaaS can also be utilized as a cost-efficient and flexible solution for companies willing to gain real-time insights. Stringent requirements of 5G standards, such as high reliability, ultra-low latency, and consistency in user experience, is expected to trigger the need for localized services based on Radio Access Networks (RAN).
As such, Mobile Edge Computing (MEC) is emerging as a promising computing architecture for telecom operators, IT platform providers, and system integrators. MEC adds virtualization and computing capabilities to a RAN. Prominent companies in the market include Microsoft Corp.; International Business Machines (IBM) Corp.; Cisco Systems, Inc.; Intel Corp.; and Amazon Web Services, Inc. These companies are actively developing innovative and unique solutions. For instance, Microsoft’s Azure IoT edge delivers cloud intelligence through the implementation of Azure services and Artificial Intelligence (AI) directly on cross-platform IoT devices. Similarly, IBM Corp. offers Watson IoT Platform Edge, which enables the end users to extend Watson IoT platform capabilities to edge devices.
Browse Full Research Report with TOC @ https://www.radiantinsights.com/research/edge-computing-market
Further key findings from the study suggest:
• High-performance applications in the edge network are expected to propel the growth of the software component segment over the forecast period
• Data centers end-use segment is expected to witness the fastest CAGR over the forecast period owing to the rising need for reducing data center downtime
• APAC is projected witness the highest CAGR of more than 60% from 2019 to 2025. Growing need for digital transformation to streamline and automate the operations is expected to drive the regional market
• Intel Corp.; Aricent, Inc.; Amazon Web Service (AWS), Inc.; and Cisco Systems, Inc. are some of the prominent companies in the global edge computing market
• These companies are collaborating with technology providers to deploy edge solutions on a broader scale for high-performance applications
• Original Equipment Manufacturers (OEMs) are using this technology in their automation and predictive maintenance solutions and transforming their service model to enhance customer experience
Read all Reports of this category @ https://www.radiantinsights.com/catalog/technology-and-media
About Radiant Insights
Radiant Insights is a platform for companies looking to meet their market research and business intelligence requirements. It assists and facilitate organizations and individuals procure market research reports, helping them in the decisions making process. The Organization has a comprehensive collection of reports, covering over 40 key industries and a host of micro markets. In addition to over extensive database of reports, experienced research coordinators also offer a host of ancillary services such as, research partnerships/ tie-ups and customized research solutions.
Media Contact:
Company Name: Radiant Insights, Inc
Contact Person: Michelle Thoras
Phone: (415) 349-0054
Toll Free: 1-888-928-9744
Address: 201 Spear Street 1100, Suite 3036,
City: San Francisco; State: California; Country: United States
Email: sales@radiantinsights.com
Website: https://www.radiantinsights.com/
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