Edge Computing Global Market Overview:
The Global Edge Computing Market is growing with the rapid pace; mainly to control data traffic on cloud, optimize service quality and improve network efficiency. According to a recent study report published by the Market Research Future, The global market of Edge Computing is increasing and expected to gain prominence over the forecast period. The market is projected to demonstrate a spectacular growth by 2023, surpassing its previous growth records in terms of value with a striking CAGR during the anticipated period (2017 – 2023).
The Global Edge Computing Market is driven by proliferation of IOT technology, increasing data traffic on cloud and emerging concern about data security by enterprises among others. On the other hand, lack of awareness and complex infrastructure are some of the factors hindering the growth of Edge Computing Market.
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Major Key Players:
Amazon.com Inc. (U.S.), Microsoft Corporation (U.S.), SAP SE (Germany), Alphabet, Inc. (U.S.), General Electric Corporation, Aricent, Inc., IBM Corporation (U.S.), Huawei Technologies Co. ltd. (China), Integrated device technology Inc. (IDT) (U.S.), Aricent (U.S.), ADLINK technology Inc. (Taiwan), Edge Connex (U.S.), Fog Horn Systems (U.S.) and Intel Corporation (U.S.) are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the Global Edge Computing Market.
Emerging Trend of Mobile Edge Computing:
Mobile edge computing is the emerging trend in the market as it is designed to bring virtual network closer to mobile users and offers improved coverage with greater bandwidth. It aims to place storage resources in the 4G radio access network (RAN) to improve content delivery to end-users. Also, this technology enables operators to control traffic, optimize service quality and improve network efficiency. Major market players such as Amazon, Google, GE, Intel Corporation among others are investing heavily in their research & development to produce innovative solution for their clients. For instance, Intel Corporation, a leading innovator in mobile edge computing, developed two solutions namely “Network Edge Virtualization (NEV) SDK, and ATOM processor. These software kits include reference libraries and APIs need to assist the mobile edge applications and helps the network providers by reducing efforts required to understand the complexity and implementation of mobile network protocol. This software also supports application developer to validate their software work in a different network topologies without investing in wireless network equipment.
Aricent, ADLINK technology, Vasona network, and Nokia Corporation are also some of the major market players innovating the mobile edge computing technology and supporting in generating highest revenue for the market.
December 2017 – Foxconn, Intel, and APT (Asian Pacific Telecom) jointly introduced a multi-access edge computing platform in Taiwan to provide smart platform for AR/VR, healthcare, and retail industries. This platform provides IT and cloud computing services within radio access network (RAN). RAN offers a platform to application developers and content providers with ultra-low latency and high bandwidth features. These features are capable of differentiating mobile broadband experience of consumer which ultimately lands in increasing profit for the subscribers.
September 2017 – NXP Semiconductors N.V. has adopted Google’s IoT Core service to enable smart devices for edge computing. The unique technology portfolio of NXP is expected to boost the potential of edge computing and highlighting the benefits of machine learning and AI.
July 2017 – A bare metal cloud company named “Packet” has introduced an edge computing service called as “Unfussy” with 11 new data center locations worldwide including Los Angeles, Dallas, Atlanta, Frankfurt, Singapore and Hong Kong.
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Edge Computing Global Market Competitive Analysis:
The Market of Edge Computing appears to be highly competitive in the coming years. To drive the market growth, market leaders are innovating continuously and increasingly seeking market expansion through various strategic mergers and acquisitions, innovation, increasing investments in research and development and cost-effective product portfolio.
Major players of Edge Computing such as Amazon, General Electric, Microsoft and Intel Corporation targeting to invest more in technology and research and development activities to innovate their already existing products. These players possess state of art R&D labs and strong sales and distribution network which have helped them to gain leadership position in the market.
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