Edge Computing Market Size & Growth Prospects Till 2025
“The global edge computing market size is expected to value at USD 3.24 billion by 2025 during the forecast period. The market is subject to witness a substantial growth in upcoming years due to the advent of intelligent devices, for example, smart glasses and smart watches.�
The global Edge Computing Market size is expected to value at USD 3.24 billion by 2025 during the forecast period. The market is subject to witness a substantial growth in upcoming years due to the advent of intelligent devices, for example, smart glasses and smart watches. Edge computing performs various business processes such as accumulating, evaluating, and stacking real time data generated by the IoT devices. Moreover, growing web users and rising implementation of digital services are propelling the growth of the market in recent years. Higher consummation of data services is likely to spur edge computing industry expansion with increase in the adoption of edge computing as a service. Globally, the edge computing market is predicted to grow at CAGR of 41.0% in forecast period, providing numerous opportunity for market players to invest for research and development in this market. Growing focus on the reduction of cost and timely delivery, surging IoT data, need for automating business processes, and escalating business competitiveness are majorly attributing towards growth of the edge computing industry. The adoption of the edge commuting in business process allows organizations in obtaining real-time insights to improve the efficiency of the decision-making algorithm to maximize profit margin. Though, data privacy and security issues are major deal breaker as they are hampering the market growth. Edge computing helps users to process data generated by internet of things (IoT) devices rather than transmitting data across long distant data centers or cloud servers for processing. Adoption of such type of computing technique at close proximity of the network infrastructure allows organizations to analyze crucial data set in real time. Application of the edge commuting varies across different industry segments such as production, healthcare, telecommunications and finance.
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