Edge Computing Market Predicts Rise in Demand by 2026
Edge computing Market research provides industry analysis by
type, manufacturer, application along with key factors influencing
the growth of the market which include growth drivers, restraints,
opportunities and challenges, strategically profile key players and
comprehensively
analyze
their
market
share
and
core
competencies.
Edge computing is a technique of enhancing cloud computing systems by processing data at the
edge of the network, near the source of the data. The key beneficial factor of edge computing is
that it reduces the time for operation to milliseconds and reduces load on the network.
Transmission of large amounts of loads creates tremendous load on the network. Hence, edge
computing processes all data at the edge of its source and analysis the data and sending only
valuable information on it, instead of frequently broadcasting data over the network. For
example, smart thermostat transmits data only when the temperature rises or falls from the
acceptable limits.
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One of the major factors that is responsible for the global edge computing market growth is the
proliferation of Internet of Things (IoT) technology. Increasing adoption of smartphones, smart
watches, and intelligent wearable devices, among others are the major factors driving the
demand for IoT technology. For instance, according to Coherent Market Insights analysis, in 2016,
over 68% of the global population were mobile phone users, of which around 2.5 billion were
smartphone users.