(MENAFN - GetNews) According to a report published by Grand View Research, the increasing security concerns in public places and the rising prevalence of IoT can be due to the strong consumer growth. It is expected that the IoT-edge partnership will revolutionize data computing and account for various organizational benefits for those who wish to maximize and optimize the potential of data analytics in creating applications for large vertical industries.
According to a report, '
Edge Computing Market Size, Share & Trends Analysis Report By Component (Hardware, Software, Services, Edge-managed Platforms), By Industry Vertical (Healthcare, Agriculture), By Region, And Segment Forecasts, 2020 - 2027 published by Grand View Research, Inc., the global edge computing market size is anticipated to reach USD 43.4 billion by 2027, exhibiting a CAGR of 37.4% over the forecast period. 5G technology is expected to act as a catalyst for market growth. Applications using the 5G technology are expected to change traffic demand patterns, enabling technology growth avenues for the telecom providers. The cloud leaders see this as a threat and have started investing in the edge ecosystem by engaging in partnerships with telecom companies. It's quite evident that 5G and its probable benefits have the potential to create a powerful network based on the technology that is expected to reorganize the industry architecture.