Edge Computing is the base for new IT transformation
Published on : Saturday 06-06-2020
Edge computing or fog computing is based on the distributed computing paradigm and use as disruption in the IT transformation. Edge computing primarily changes the data flow operation in terms of input and output. The operation of edge computing is primarily carried out through the combination of computation and data storage service providers, as it collects the data from different sources in order to lessen latency and bandwidth use.
The growth in demand and incorporation of IoT devices across wide industry verticals along with increase in the operation based on cloud/servers are expected to support the growth of edge computing. Also, there is substantial growth in the adoption of computation will have to be moved to the edge as IoT devices produce a vast volume of data during the course of their operations. Moreover, the widely manufacturing based on demand for computing integration with IoT technologies are further adds the revenue for the operators in the global market.
“Microsoft Azure gets new tools for edge computing and machine learning”
Edge Computing Industry
Considering the market research data from Grandviewresearch, the global market for edge computing is expected to reach over USD 40 billion by 2027 at a CAGR of 37% during the forecast period of 2020-2027. Moreover, the key growth factors that are anticipated the lead the market are the advent of the IoT and 5G networks and the rise in the use of a number of intelligent appliances based on cloud infrastructure. Moreover, it is predicted that the increase in the number of intelligent applications for edge computing and its wide use in different end-use industries are further creating growth opportunities in the market in the coming years.
However, the risk associated and security concerns related to edge computing along with the inadequate standards and interoperability issues are the main restraining factors for the growth of the global edge computing market during the forecast period.
The key leading edge computing service providers in the global market include Amazon, Microsoft Corporation, Google, Belden Inc., Cisco Systems, Digi International, Hewlett Packard Enterprise, IBM Corporation, and Intel Corporation.
“At VMworld 2018, VMware introduced the product launch of its extended edge computing strategy based on the better control, secure, and scale customers' edge and IoT applications and solutions”
The edge computing created a new shift in IT transformation through shifts in focus that happen periodically in computing i.e. it is creating an interconnection between desktop PCs, data centers, and cloud data centers. It is further predicted that the introduction of billions of smart IoT devices that are integrated into the computing technology will witness a get a huge boost in the sales of edge computing installation in the IT sector with the advent of 5G mobile networks. Moreover, the advancement in the security protocols through standardizations and privacy standards along with the issues surrounding infrastructure management and data security are the key impact elements for the development in terms of demand and consumption of edge computing in the coming years, globally.