Market Revenue Edge Computing Market Analysis By Production | Page 2
Adoption of such type of computing technique at close proximity of the network infrastructure allows
organizations to analyze crucial data set in real time. Application of the edge commuting varies across different
industry segments such as production, healthcare, telecommunications and finance. Edge computing is termed
as a mesh network consisting of micro data centers that are capable of processing vital data sets locally while
transmitting rest of it to a centralized data center or cloud storage stations, which is located at a close proximity.
The use of IoT technology in edge devices helps collection of vast set of data and transmission to the centralized
to a data center for processing. Edge computing processes critical set of data eventually reducing the backhaul
traffic from the centraldata center.
IoT devices transfers data to the micro data centers located nearby that are capable of performing set of
operations such as computation, storage and provide network accessibility. Processed data is transmitted from
micro data center to the central processing facility or storage repository in an Infrastructure as a service(IaaS)
cloud. Edge computing are considered as standard choice of technology under a variety of circumstances.
Common reasons for the use of edge computing technology is poor connectivity of IoT devices with a central
clod unit and substantial the backhaul traffic from the central data center. Adoption of edge computing also
solves issues related to the latency-sensitive processing of data.
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Numerous benefits of edge computing include decline in the volumes of data, decrease in the resulting traffic,
and the reducing need for transmission of excess of data. Alongside, other advantages such as reduction in
transmission cost, lower bandwidth, high level of performance and improved standard of service or QoS. Edge
computing completely diminishes the core computing atmosphere by removing a chief bottleneck or a possible
single point of failure in the network.
The edge computing industry is divided into regional market segment such as North America, Europe, Asia-
Pacific, Latin America and Africa. North America has shown major growth in the edge computing market over
recent years owing to the rise implementation of latest technologies and existence well-established technology
infrastructure. Asia-Pacific region is predicted to hold major market share in the edge computing industry with
massive growth in forecast period. Countries such as India, China and Singapore are leading the Asia-Pacific
market with number of government initiatives to encourage digitization need for advanced infrastructure and
increase in investment by market players due to potential opportunities in the region. The key players in edge
computing market are Amazon Web Services (AWS) Inc., Cisco Systems Inc., General Electric SE, HP Enterprise,
Huawei Technologies Corporations, and International Business Machines (IBM) Co.
Market Segment: