More and more data processing, storage, and analytics are taking place at the edge of corporate networks, as companies build edge computing strategies to deliver services more quickly and effectively to their end users and customers.
Edge computing is undoubtedly a fast-growing market. A 2018 Grand View Research study found the worldwide edge computing market is projected to reach $3.24 billion by 2025, expanding at a compound annual growth rate of 41% during the forecast period.
What is edge computing?
Through edge computing, functions such as processing and analytics are performed where the data is generated, which helps enhance user experience and increase productivity. The less distance data has to travel, the less latency that can cause annoying delays for users. And when processing occurs closer to the source of data, users like data scientists and business analysts can more easily and quickly gain real-time insights from that data.
According to IDC, edge computing is one of the top areas of IT investment today, especially given the expected growth of the Internet of Things (IoT), with the biggest drivers for edge computing strategies being the need for faster transaction times, customer demands for better performance, and plans to deploy IT assets in customer locations to deliver new digital services.