In times when technological transformations take place at lightning speed, organizations can no longer afford to be obsessed with legacy network architecture. The networking industry is right in the middle of it all and grappling with huge volumes of data that needs to be processed in real-time. The predecessor to edge-computing, cloud-computing has limitations when it comes to processing the data in real-time as it requires high bandwidth and interoperability in devices and networks.
Nonetheless, with the global edge-computing market growing at a compounded annual growth rate of 32.6% from 2018 to 2023 and projected to generate a global revenue of nearly USD 9 Bn by 2023, according to a study by market intelligence firm Research on Global Markets, it is evident that enterprises are ready to embrace the upcoming edge-computing technology.
The primary impact of edge-computing is likely to happen on the global smart cities’ initiative as edge-computing will be a key enabler in making civic amenities like electricity, transportation and telecommunications faster as well as connected. Therefore, one of the leading segments of global edge-computing market will be smart cities occupying a market share of nearly 25% by 2023.
From an end-user industry perspective, Information Technology, telecommunication, Manufacturing, Supply Chain, Healthcare and Automotive are going to be the biggest gainers. The growing need for faster and responsive networks in these industries is the key driver for the global edge computing market.
However, like cloud computing, edge computing too has its own limitations which may cause roadblocks. Edge computing, despite all its perks could create complications that may keep IT and Network support teams busy. Some of these challenges are network bandwidth, security, distributed computing, latency and data backup as well as accumulation. A common link between these challenges is traffic. Unlike the real world, in the world of networking traffic doesn’t always follow a defined path or singular distribution through applications and devices. While edge-computing works towards keeping data closer to its source, when disorganized traffic enters the networks it can lead to difficulties in developing security and computation methods. In order to support edge-computing models, the IT division requires a complete overhaul which comes at a huge cost.
Having said that, it doesn’t mean enterprises globally are not warming up to an overhaul of legacy IT systems. North America is leading the innovation in the global edge-computing market and other regions too are like to follow.
For more information, download global edge computing market https://www.researchonglobalmarkets.com/pressrelease/post/global-edge-computing-market
Nonetheless, with the global edge-computing market growing at a compounded annual growth rate of 32.6% from 2018 to 2023 and projected to generate a global revenue of nearly USD 9 Bn by 2023, according to a study by market intelligence firm Research on Global Markets, it is evident that enterprises are ready to embrace the upcoming edge-computing technology.
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| Global Edge-Computing Market |
From an end-user industry perspective, Information Technology, telecommunication, Manufacturing, Supply Chain, Healthcare and Automotive are going to be the biggest gainers. The growing need for faster and responsive networks in these industries is the key driver for the global edge computing market.
However, like cloud computing, edge computing too has its own limitations which may cause roadblocks. Edge computing, despite all its perks could create complications that may keep IT and Network support teams busy. Some of these challenges are network bandwidth, security, distributed computing, latency and data backup as well as accumulation. A common link between these challenges is traffic. Unlike the real world, in the world of networking traffic doesn’t always follow a defined path or singular distribution through applications and devices. While edge-computing works towards keeping data closer to its source, when disorganized traffic enters the networks it can lead to difficulties in developing security and computation methods. In order to support edge-computing models, the IT division requires a complete overhaul which comes at a huge cost.
Having said that, it doesn’t mean enterprises globally are not warming up to an overhaul of legacy IT systems. North America is leading the innovation in the global edge-computing market and other regions too are like to follow.
For more information, download global edge computing market https://www.researchonglobalmarkets.com/pressrelease/post/global-edge-computing-market
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