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INSIGHTS
The annual amount of data used globally will be an average of 175 Zettabytes by the year 2025, which is an increase from 33 Zettabytes in 2018.
The edge computing market is estimated to reach USD $9,200 million by 2023.

  

An in-depth search on the future of edge computing, we established that edge computing is a technology that places computing resources close to the end users with the purpose of reducing the cost of data transport, boosting locality, and reducing latency. Edge computing provides a better infrastructure to the modern SaaS technologies and other cloud-based services.

EDGE COMPUTING
Edge computing is the delivery of computing power to the logical extremes of networks for the purposes of improving performance, reducing operation costs, and bettering services and applications. This is according to the open glossary of Linux Foundation. The shift from traditional data centers to cloud-based data storage services is also a factor that helps develop edge computing. Around 49% of data globally will be stored in the cloud by the year 2025.

The major players in the edge computing market include;
Amazon
Microsoft Inc
SAP SE
Intel Corporation
General Electric
Huawei Technologies
IBM Corporation

With edge computing, companies will be able to operate in a real-time mode when entering, processing, storing, analyzing and retrieving information to their systems. It will also enable concurrent access to information and faster processing of information which will improve customer satisfaction.

The demand for location optimization and security is what drives the implementation of edge computing infrastructure.

 

FUTURE OF EDGE COMPUTING
The driver of edge computing is the internet of things (IoT).
About 45% of the internet of things can be created, stored, processed, and analyzed at the networks edge by the year 2020. This is according to the IDC’s Data Age 2025 report.
The edge computing market is estimated to reach USD $9,200 million by 2023.
The market is expected to grow with a CAGR of 27.3% from the year 2017 to the year 2023. This is as per the Market Research Future report.
By the year 2020, it is predicted that there will be 20.4 billion IoT connected and utilized, according to Gartner’s Forecast. The business IoT spending was predicted to represent 57% of the overall spending in IoT in the year 2017.
There is a growing demand of IoT, and IDC predicts that the annual amount of data used will be an average of 175 Zettabytes by the year 2025. In 2018, the amount of data utilized was around 33 Zettabytes.