Edge Computing Market is Expected to Grow at the Highest CAGR of 35.4%

The main objective of this report is to define, describe, and forecast the edge computing market on the basis of segments which include component, application, organization size, vertical, and region.

(EMAILWIRE.COM, August 30, 2018 ) Edge computing assists real-time applications in processing and analysing data collected from various sensors and connected devices, at the edge of the network. It helps in reducing latency and thereby, provides a faster response to the critical applications. The data transmitted from the sensors and devices is stored and processed on the edge of the network, close to the devices, instead of transferring it to the cloud or data centres located miles away from the connected devices. Furthermore, edge computing reduces the bandwidth concerns experienced on the cloud.

Wide range of applications in different industries, advent of IoT and 5G network, increase in number of intelligent applications and growing load on cloud infrastructure are likely to fuel the growth of edge computing market.

The edge computing market is expected to grow from USD 1.47 Billion in 2017 to USD 6.72 Billion by 2022, at a CAGR of 35.4%, considering the tremendous growth in data generated from multiple sources across different applications. Furthermore, the rise in real-time applications has contributed to the growth of edge computing market. Moreover, increasing load on cloud infrastructure has encouraged enterprises to adopt and implement edge computing solutions.

The edge computing ecosystem comprises hardware and software vendors such as Nokia Networks (Finland), Huawei (China), Juniper Networks (US), Dell (US), Cisco Systems (US), HPE (US), SixSq Sàrl (Switzerland), FogHorn Systems (US), Vasona Networks (US), MachineShop Inc. (US), Saguna Networks (Israel), Vapor IO (US), Xiotech (US), Mirror Image (US), Aricent (US), and ADLINK Technology (US).

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