CLOUD & CYBER
$ 250bn
A recent IDC report predicts the Edge computing market to reach over $ 250 billion by 2024 .
44.9 %
Edge speeds are so quick , that nearly half ( 44.9 percent ) of Edge data is accessed in realtime , as if it were on-device .
compliance while pursuing better customer experiences ,” he continued .
Edge computing in an era of digital transformation With all the benefits it brings to businesses , it is unsurprising that edge computing has seen such growth in the past few years , particularly in this era of technological innovation and digital transformation .
Showcasing the benefits of edge computing , Nolan explains : “ Edge computing can optimise IoT applications , in particular ones that require real-time actions . Furthermore , companies can become more time and cost-efficient by doing the processing locally and minimising the amount of data that needs to be processed in a centralised or cloud-based location .”
As the market expands , edge data centres may soon be able to handle much of the data that flows through many sectors of the economy . Outlining the many sectors where edge computing could benefit , Hart said : “ There are many examples of uses and benefits from agriculture all the way through to zoology . In banking , edge data centres provide the low latency that traders and asset managers increasingly depend on . In factories and processing plants , inventory analytics at the edge can increase efficiency for robotic picking and inventory management , as well as for delivery fleet management and package tracking . In health care , robotic surgeries depend on ultra-low latency computing and uninterrupted network access , which edge data centres supply .”
“ The list goes on , with IoT proliferation , low latency edge processing is key to managing the increasing volume of data as more and more IoT sensors and devices are installed in home and industrial settings ,'' he continued .
The impact of COVID-19 on the edge computing market COVID-19 has accelerated the use of smart technology in numerous sectors and with this acceleration comes the increased uptake of edge computing . The pandemic “ compelled companies to rapidly move their critical workload to the cloud to ensure seamless functioning of the business . As the cloud is gaining momentum , these companies
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