Why Edge Computing will Thrive Well into 2021

Why Edge Computing will Thrive Well into 2021

CIOS are choosing to complement their existing cloud strategies with investments in edge computing as it ensures to reduce latency, downtime, and cost.

Data is everywhere. And data analytics requirements are changing dramatically. Enterprises across industries are looking at real-time analytics to cater to the consumers who expect real-time response. ‘Edges’ are thus becoming increasingly smarter.

Edge computing, which was perceived to be one of the hottest trends in the last couple of years, is gaining more significance and traction among industries across sectors, especially with global disruption driving more use cases.

According to a report, the global market for Edge Computing is expected to reach US$18.7 billion by the year 2027, trailing a post-COVID-19 CAGR of 27.7% over the analysis period 2020 through 2027.

The unforeseen circumstances in the past few months have propelled the need for edge computing across the globe. The use of digital and video communication technologies for online transactions, remote working, remote schooling, entertainment, etc. has increased pressure on data centers and service provider networks and has strengthened the business case for leveraging edge computing resources.

With companies offering their workforce to choose to work remotely in the post-COVID-19 time, and with businesses leveraging digital platforms and services more than ever before, edge computing could be the answer for faster, cost-effective, and more reliable data processing.

Edge computing plays a significant role in a company’s business agility and digital transformation, and the rollout of 5G is expected to only increase the need for intelligent edges.

Edge computing is considered to be one of the key areas of investment in 2021 for technology leaders. They are choosing to complement their existing cloud strategies with investments in edge computing as it ensures to reduce latency, downtime, and cost.

Businesses hope to harness the technology to leverage the availability of real-time data insights for better business agility. Industries such as healthcare, financial services, manufacturing, retail, logistics, agriculture, etc., will see the strongest growth in the adoption of edge computing.

Together with 5G wireless networking and AI, edge computing helps businesses strengthen their digital infrastructures and equip them better to handle disruption of all kinds.

While ege computing will continue to be a key area of focus for CIO, factors like interoperability between new and older connected devices and seamless integration to modern IoT platforms will be key factors that determine the success of edge computing projects.

With businesses moving toward more decentralized compute environments, experts feel that edge will add significant value to the existing cloud and digital roadmaps.  Going by the rapid adoption of edge computing, edge products and services is sure to power the next wave of digital transformation and will bring us closer to the intelligent connected era by helping us overcome network delays caused by high network latency.