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About this market
The increase in the demand for low-latency in computing or decision-making tasks has been one of the driving factors in the market growth. The organizations to shift from centralized computing systems to decentralized computing systems such as edge computing. The rising demand for decentralized computing for reduces latency in decision making has propelled the edge computing market’s growth in the next five years. Additionally, the Edge computing applications nodes reduces the round-trip time and also helps in eliminating single point failure. The availability of end-computing solutions that can operate independently will drive the edge computing market to grow at a CAGR of almost 41% during the forecast period.
Market Overview
Growing limitations of front- end devices
Front- end internet of things (IoT) devices have relatively limited hardware resources, computational power, and battery life compared with dedicated servers or data centers. The need to improve IoT device performance and battery life have been putting pressure on electronics manufactures to reduce energy consumption in these devices.
Data privacy and security concerns
Data security is an ongoing primary concern for most IT and network- enable organizations. Hardware infrastructure owned and operated by private service provider’s such as a data centers is covered under service agreements, and the risk associated with a data breach are share between the parted and users, which limits the liability of failure on the end- user.
For the detailed list of factors that will drive and challenge the growth of the edge computing market during the 2019-2023, view our report.
Competitive Landscape
The edge computing market is moderately fragmented. The vendors in the market have started providing edge computing solutions that can operate independently such factors will propel the market growth. This encourages the entry of several established players that intensify the competition in the edge computing market. This will result in a more fragmented market where the level of competition is quite intense. Due to the growing need to differentiate their products from their competitors’, edge computing companies have already started focusing on introducing new and innovative products.
The increase in the demand for low-latency in computing or decision-making tasks has been one of the driving factors in the market growth. The organizations to shift from centralized computing systems to decentralized computing systems such as edge computing. The rising demand for decentralized computing for reduces latency in decision making has propelled the edge computing market’s growth in the next five years. Additionally, the Edge computing applications nodes reduces the round-trip time and also helps in eliminating single point failure. The availability of end-computing solutions that can operate independently will drive the edge computing market to grow at a CAGR of almost 41% during the forecast period.
Market Overview
Growing limitations of front- end devices
Front- end internet of things (IoT) devices have relatively limited hardware resources, computational power, and battery life compared with dedicated servers or data centers. The need to improve IoT device performance and battery life have been putting pressure on electronics manufactures to reduce energy consumption in these devices.
Data privacy and security concerns
Data security is an ongoing primary concern for most IT and network- enable organizations. Hardware infrastructure owned and operated by private service provider’s such as a data centers is covered under service agreements, and the risk associated with a data breach are share between the parted and users, which limits the liability of failure on the end- user.
For the detailed list of factors that will drive and challenge the growth of the edge computing market during the 2019-2023, view our report.
Competitive Landscape
The edge computing market is moderately fragmented. The vendors in the market have started providing edge computing solutions that can operate independently such factors will propel the market growth. This encourages the entry of several established players that intensify the competition in the edge computing market. This will result in a more fragmented market where the level of competition is quite intense. Due to the growing need to differentiate their products from their competitors’, edge computing companies have already started focusing on introducing new and innovative products.
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