The internet was not constructed to handle the traffic flows of today, and it’s only going to get more congested in the coming months and years. This continuous demand for speed and bandwidth, combined with the need to lower latency, is driving the move to the edge.
Although big transformations driven or supported by edge are likely years away, experts have pegged the next 12 months as a pivotal point, with adoption of the key technologies that enable edge computing use cases increasing in various industries. However, vendors are starting to bring to market more form factors set up specifically for edge computing, including processors that can better withstand environmental elements such as high temperatures and vibrations.
The global edge computing market size is anticipated to reach USD 43.4 billion by 2027, exhibiting a CAGR of 37.4 percent over the forecast period. The rise in the adoption of the technology by telecom companies is expected to embrace new opportunities in Multi-access Edge Computing (MEC) market space. MEC allows companies to mitigate network congestion and ensure higher application performance by bringing processing tasks and running applications closer to the cellular customer.
The development of edge Artificial Intelligence (AI) is continually expanding due to the increase in the number of connected devices globally, which is expected to propel edge computing market growth over the next few years. Edge AI is expected to allow real-time operations, including data creation, reducing power consumption, and reduce the costs for data communications for wearable devices and self-driving cars.
We present to you, “Top 10 Edge Computing Solution Providers - 2020.”
