(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
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FELTON, California, Feb. 10, 2021 /PRNewswire/ The global
edge computing market size is projected to reach USD 43.4 billion by 2027 and registering a CAGR of 37.4% during the forecast period from 2020 to 2027, according to a new report by Million Insights. Numerous applications with 5G technology are changing traffic patterns and opening technology growth opportunities for telecom providers. This factor has become a threat for cloud leaders and they have started to invest in edge ecosystem by partnering with telecom companies.
The growing adoption of edge computing by telecom companies is anticipated to open new growth avenues in Multi-access Edge Computing (MEC) market space. This MEC allows enterprises to reduce network congestion and also ensure high performance of applications by fetching processing tasks along with running applications close to cellular customers. Moreover, growing implementation of edge computing at mobile edge nodes and base stations