ICT RESEARCH REPORTS Edge-Computing-Market | Page 2

Advancements in technology and growing adoption of 2G, 3G, and 4G long-term evolution (LTE)
wireless networks are in turn, propelling demand for IoT technologies. This is subsequently
boosting growth of the global edge computing market. These cellular networks enable
connectivity and communications to cyber-crime sensitive activities such as exchange of real-
time information, data, and online transactions. The demand for IoT security solutions has
increasing, to ensure enhanced security and flexibility of such online communication. According
to Internet World Stats, as of June 2017, among the global population of7.5 billion, the total
number of Internet users accounted for 3.9 billion.
Furthermore, increasing accessibility to internet and execution of government regulatory policies
to increase the penetration of IoT in several verticals like automotive, healthcare, retail, BFSI and
so on are expected to favor growth of the market. For instance, in 2017, Brazilian government
launched, Internet of Things: an action plan for Brazil, between 2018 and 2022, to enhance their
economy and development in four different areas namely, healthcare, agribusiness, smart cities,
and manufacturing. This in turn, is expected to boost growth of edge computing market over the
forecast period.
Browse More About the Market Study @
https://www.coherentmarketinsights.com/ongoing-insight/edge-computing-market-1188
However, the challenge of configuration is the major factor expected to restraint growth of the
edge computing market. Not changing default password on each edge computing devices and
consistently neglecting to update firmware may unintentionally create security holes, which in
turn, makes these devices highly susceptible to cyber terrorism.
Edge Computing Market: Regional Insights
The global edge computing market has been segmented on the basis of regions into North
America, Europe, Asia-Pacific, Latin America, and Middle East, and Africa. The market for edge
computing in North America is expected to witness significant growth during the forecast period.
This growth is attributed to developing IT infrastructure, which is compatible with 4G LTE and 5G
networks. This in turn, propels the adoption of broadband connectivity and increases the number
of smartphones subscribers in this region. According to Coherent Market Insights’ analysis, in
2016, over 88% of the U.S. population had access to the Internet, which accounts for around 280
million of the U.S. population. Furthermore, in November 2016, around 78% of the U.S.
population were recorded using smartphones. This indicates increasing demand for IoT
technology, which in turn, is expected to boost growth of the regional edge computing market.
Edge Computing Market: Competitive Background