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Edge Computing Market Worth $3.24 Billion by 2025 | CAGR: 41.0%: Grand View Research, Inc.SAN FRANCISCO, March 13, 2018 /PRNewswire/ -- The global edge computing market size is projected to reach USD 3.24 billion by 2025, according to a study conducted by Grand View Research, Inc., expanding at a phenomenal CAGR of 41.0% during the forecast period. Need for advanced technologies is stimulating the volume of IoT data. Vast amount of data created by IoT devices may cause delays and latency. Edge computing solutions help enhance the data processing power, which further aid in avoiding delays. Data processing takes place closest to the source of the data, thus enabling the provision of real-time insights. (Logo: http://photos.prnewswire.com/prnh/20160524/371361LOGO ) Presence of a high connectivity network in regions such as North America has facilitated the widespread adoption of edge computing solutions. Thus, the North America market is expected to witness substantial growth over the forecast period. Additionally, presence of prominent players such as Cisco Systems, Inc.; General Electric; Hewlett Packard Enterprise Development LP; International Business Machines (IBM); Microsoft; and SAP SE is anticipated to boost the growth of the regional market. Edge computing is used in various applications such as manufacturing, IT & telecommunications, healthcare. The healthcare & life sciences segment is estimated to witness the highest CAGR between 2017 and 2025, owing to storage capabilities and real-time computing offered by edge computing solutions, which enable the delivery of reliable healthcare services in lesser time. The decision-making process is improved as network failures and delays are avoided. Browse full research report with TOC on "Edge Computing Market Size, Share & Trends Analysis Report By Technology (Mobile Edge Computing, Fog Computing), By Vertical, By Organization Size, By Region, And Segment Forecasts, 2018 - 2025" at: https://www.grandviewresearch.com/industry-analysis/edge-computing-market Further Key Findings From the Report Suggest:
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Grand View Research has segmented the global edge computing market based on vertical, organization size, technology, and region:
Read Our Blog By Grand View Research: https://www.grandviewresearch.com/blogs/advanced-materials About Grand View Research Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare. Contact: Web: https://www.grandviewresearch.com |