Edge Computing Market will be Growing at a CAGR of 14.82% during the forecast period from 2018 to 2026


Posted December 2, 2019 by johnsonpaul

The global edge computing market hit the value of US$ 3.11 Bn in 2017 and expected to witness immense CAGR of 14.82% across the forecast period through 2018 to 2026.
 
According to a new market research report published by Credence Research “Edge Computing Market – Growth, Future Prospects, and Competitive Analysis, 2018 - 2026”, the global edge computing market hit the value of US$ 3.11 Bn in 2017 and expected to witness immense CAGR of 14.82% across the forecast period through 2018 to 2026.

Browse Full Report at https://www.credenceresearch.com/report/edge-computing-market

Market Insights

Edge computing is one of the most significant technology disruptions building upon and exceeding the massive transformation of public cloud. Potential of edge computing is fueled by the looming impact of 5G networks, unprecedented growth of data and rising importance of latency reduction & regulation in dealing with data. Edge computing establishes high-performance network, compute and storage resources as close as possible to end users and devices. Similarly, edge computing has potential to improve performance, reliability, scalability and regulatory compliance for several critical application. With this functionality, edge computing lowers the cost of data transport and decrease latency.

Overall edge computing market is segmented on the basis of technology, deployment, component, application, and end use. Edge computing market is primarily commanded by the fog computing as it offers elastic resources at the edge of network. The modern trend of computing model is to thrust elastic resources such as storage and computation to the edge of networks, which stimulates the promising computing model of fog computing. As a result of occurrence of universally connected smart devices depending on cloud services trend is set to remain constant throughout the forecast period. Fog computing technology places computation and data near to end users at the edge of network and provides new array of applications and services with high bandwidth, low latency and location-awareness.

You can get the sample copy of this research by Credence Research here: https://www.credenceresearch.com/sample-request/59606

Several commercial vendors have taken initial steps by realizing potential of edge computing using software solutions. For instance, solution15 software of Nokia for mobile edge computing (MEC) focuses to enable base station for edge computing. Further, Cisco’s IOx16 offers execution environment for integrated service routers. Critical area in software space tend to develop solutions that are portable across different environments. Organizations are heavily investing for research process to upgrade the resources of edge nodes to support general purpose computing. Such as, Intel’s Smart Cell Platform17 uses virtualization for supporting additional workloads. Thus, concept of Edge computing is predicated to moving part of this computational load towards edge of the network to reach computational abilities that are presently untapped in edge nodes, such as routers, switches and base stations. Growing investment in Edge computing by industry leaders to realize the several untapped opportunities, expected to drive the Edge computing market growth with promising rate across the forecast period.

Browse Full Report at https://www.credenceresearch.com/report/edge-computing-market

Report Scope by Segments

By Technology Type Segment

Mobile Edge Computing
Fog Computing

By Deployment Model Segment

On-premise Deployment
Cloud Deployment
By Component Type Segment

Hardware
Software
Services

By Application Type Segment

Internet of Things (IoT)
Advanced Analytics
Data Monitoring
Data Capturing

By End-user Segment

Industrial
Healthcare
Automotive
Surveillance
Retail
Utilities
Others (Smart Cities, Wearables, etc.)

By Geography Segment

North America (U.S., Rest of North America)
Europe (U.K., Germany, France, Rest of Europe)
Asia Pacific (China, Japan, India, Rest of Asia Pacific)
Rest of the World (Middle East & Africa, Latin America)

Blog Medium: https://medium.com/@kumarganeshtr/edge-computing-market-will-be-growing-at-a-cagr-of-14-82-ecdd982f059
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Tags Edge Computing Market , Edge Computing Market Size
Last Updated December 2, 2019