Following research into the edge computing market , which has shown both its previous and expected growth , we explore the drivers behind this market surge
CLOUD & CYBER
EDGE COMPUTING ’ S MARKET GROWTH TO REVOLUTIONISE IT
Following research into the edge computing market , which has shown both its previous and expected growth , we explore the drivers behind this market surge
WRITTEN BY : CATHERINE GRAY
Highlighting the natural progression in the evolution of the internet , edge computing enables organisations to offer services that go beyond the limitations of traditional enterprise or cloud capabilities .
Edge computing puts computing power nearer to where the user consumes data and as a result , users get a more responsive experience . By placing computing power closer to where people can access it , edge deployments enable organisations to offer more services at a lower cost to them .
“ Edge Computing strategies with 5G were being worked on to further improve realtime processing speed ”
JAMES HART CEO , BUSINESS CRITICAL SOLUTIONS
Studies and research into edge computing have shown both the expected and actual market growth in the edge of the computing market . A report by Grand View Research shows the global edge computing market size was valued at USD 4.68 billion in 2020 . It is expected to expand at a compound annual growth rate ( CAGR ) of 38.4 % from 2021 to 2028 .
Research also suggests that the global edge computing market exhibited robust growth during 2015-2020 .
As with many technologically enabled services and innovations , the driving force behind this growth is COVID- 19 , and the digitalising impact it has had on many businesses and organisations .
Additionally , the levels of business complexity edge computing can bring to an organisation , putting businesses at a competitive advantage , has also been a driver for growth .
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