INFOGRAPHIC
Defining ‘The Edge’
E
dge Computing is continuing to
increase in popularity due to the
numerous business benefits the
technology offers. According to a new
market research report published by
MarketsandMarkets, the Edge Computing
market size is expected to grow from US$2.8
billion in 2019 to US$9 billion by 2024, at a
Compound Annual Growth Rate (CAGR) of
26.5% during the forecast period.
Vertiv, a company which brings together
hardware, software, analytics and ongoing
services to ensure its customers’ vital
applications run continuously, perform
optimally and grow with their business
needs, created the infographic to present
a simplified approach to understanding a
modern digital ecosystem.
The company, which estimates there will be
about 23 billion connected devices in use
by 2021, decided to analyse the universe of
Edge use cases.
It identified the top 24 use cases, based on
projected growth, criticality and financial
impact. These cases were analysed for
common characteristics such as bandwidth,
latency, availability and security, and were
categorised into one of four archetypes.
and local processing unit (local data centres)
in the overall edge computing process.
The adoption of edge computing solutions
among large enterprises is high owing to
the increased generation of data, which is
attributed to the widespread geographical
presence and customer base. Moreover, the
increasing demand of employees to access
computing resources and applications
ubiquitously while ensuring proper data
storage, drives the demand of edge
computing solutions among large enterprises.
For instance, large manufacturing companies
need to correlate voluminous data generated
from sensors or actuators attached to their
physical assets, such as machines, turbines,
factories, and lifts with historic information.
Subsequently, this helps them to detect or
forecast failures in the shortest possible time
for avoiding downtime and loss in production.
Based on components, the edge computing
market has been segmented as follows:
• Hardware
• Platform
• Services
Based on applications, the edge computing
market has been segmented as follows:
• Smart cities
• Industrial Internet of Things (IIoT)
• Remote monitoring
• Content delivery
• Augmented Reality (AR) and Virtual
Reality (VR)
• Others (autonomous vehicles, drones
and gaming)
Based on organisation sizes, the edge
computing market has been segmented
as follows:
• Small and medium-sized enterprises (SMEs)
• Large enterprises
Based on verticals, the edge computing
market has been segmented as follows:
• Manufacturing
• Energy and utilities
• Government and defence
• Telecommunications
• Media and entertainment
• Retail and consumer goods
• Transportation and logistics
• Healthcare and life sciences
• Others (education and banking, financial
services, and insurance) n
The four archetypes are: data intensive,
machine to machine latency intensive, life
critical and human latency sensitive.
The hardware component is estimated
to hold the largest market size during the
forecast period, owing to the large-scale
deployment of hardware components
for decentralising storage and computing
operations, enabling comprehensive edge
infrastructure deployment, and reducing
network traffic. Organisations offer advanced
edge computing hardware that either acts
as an initial point of data source (edge
devices) or a facilitator of the entire network
(gateways and servers); or serves as a storage
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