Edge Computing Market 2018 Leading Growth Drivers, Emerging Audience, Segments, Industry Profits and Sales Analysis by Forecast to 2023

Edge Computing Market
Edge Computing Market, By Technology (Mobile Edge Computing, Fog Computing), By Deployment (On Premise, On Cloud), By Component (Hardware, Software), By Application (IOT, Data Caching, Video Analytics, Environment Monitoring), By End Users (Surveillance, Automotive, Gaming, Healthcare, Education) – Global Forecast 2023

Edge Computing Market Overview:

The Edge Computing is a method of utilizing cloud computing by analyzing and processing the data at the edge of the network. Edge computing offers data analytics, and data insights closely occurred to the deployed machines and supports data computing at the edges of a network. The real-time analytics runs at various levels which include at the edge sensor, controller, gateway, infrastructure machine, and within on-premise appliances or in the cloud.

Recent developments in the edge computing market have given way to the intense development of the market over the past few years. Market focused reports connected to the information and communications technology sector among others of late have been made accessible by Market Research Future which publishes reports on this industry. The market is expected to touch revenue figures worth USD 19.4 billion by the end of the year 2023 while growing with a 17.9 percent CAGR during the forecast period.

The numerous trends witnessed in the market have been credited with the development of edge computing. The fact that edge computing is boosting the Industrial internet of things behind the scenes has emerged as the most prominent factor for the expansion of the market share. As market competitors realize the potential for aggressive growth of edge computing, they are extensively investing in research and development as well as strategizing to extract the best possible gains from the market in the coming years. The enabling of data gathering at the source along with the analytics is seen as an important point to boost the demand edge computing market effectively.

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Comprehensive Regional Analysis

The market for edge computing worldwide on the basis of the region is led by the North American region which covers more than 45 percent of the market share as of the year 2016. The degree of technological progression in the data center and network architecture is predicted to influence the market for edge computing in the North American region. The European region is the second important market in the market for edge computing globally because it takes up 25 percent approximately  of the market share as of the year 2016.

The Asia-Pacific region in contrast with all other regions is expected to be a rapidly growing part of the edge computing market due to the progress of cloud computing and big data analytics architecture which are thus driving the market expansion of the market for edge computing.

Global Competitive Analysis:

The businesses in this market are attempting to improve and uphold financial fluidity that can be vital to invest in progress as and when applicable. Localization is among of the more favored trends for growing the market portion of the competitors in the market. The ripple effects of the market’s growth have altered the competitive backdrop of the market. The room for development in the market seems to be promising through the forecast period.

The mounting interest in change within the business has ultimately permitted the businesses to apply many situations accessible in the market. The ability to withstand their competitive edge is one of the key factors fuelling their efforts in this period. The market has been led into a new period of growth as the market is normally in a state of mutability. The odds for growing revenue inflow in the business are likely to multiply through the forecast period. Challengers who are a part of the market have planned their corporate strategy blueprint in a way that that can bring the top outcomes for progress in the current scenario, while also at the same time providing customer value dependably.

The contenders in the Edge Computing Market are Aricent (U.S.), IBM Corporation (U.S.), Amazon (U.S.), General Electric (U.S.), Microsoft Incorporation (U.S.), Huawei Technologies (China), Integrated Device Technology (U.S.), Intel Corporation (U.S.), SAP SE (Germany), Alphabet Inc. (U.S.), among others.

Market Segments:

The market for edge computing worldwide has been segmented on the basis of technology, application, deployment, region, component, and end users. The technology based segmentation of the market contains mobile edge computing and fog computing. By component, the segment is divided into software and hardware.The deployment segment of the market is divided into On-cloud and On-premise.The regions included covered in the market consists of Europe, North America, Asia Pacific and RoW. The end users that are a part of the market consist of gaming, surveillance, healthcare, automotive, education among others.

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Industry Update:

April 2018 Nokia has announced its AirFrame Open Edge computing server blade at an event recently. Nokia had of late revealed its building block for edge deployments and small data centers. The Airframe Open Edge server is compressed and uses open-source software to achieve network functions. The server is made in such a way as to cut latency by getting computing closer to the customers in an edge cloud.

The Airframe works on Nokia’s real-time OpenStack distribution, compatible with Linux Open Platform for network function virtualization, which is intended to run in small data centers.  The leverage of open source is thought to make setting up the server simpler. The deliveries of the Nokia AirFrame open edge server are expected to start in the third quarter of 2018.

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