Edge Computing Market

Report Store Edge computing ecosystem is still evolving In the technology and telecom industries, edge computing market is a subject that is getting more and more attention. The ecosystem is still developing, therefore a distinct market hierarchy of the major firms has not yet fully materialized. Edge is meant to offer workloads with reduced latency and better data security. By placing computation and storage resources closer to end user devices that are gathering and processing data and executing apps, this should be accomplished. From the beginning of 5G development, telecom operators discussed the potential of edge technology combined with 5G. One of the important characteristics of 5G networks is low latency. Many operators see a chance to integrate edge technologies into their 5G rollouts.

Operators' cutting-edge aspirations One of the first companies to introduce 5G services was SK Telecom (SKT) in South Korea.

Within the operator community, it has been a strong advocate for edge computing. As early as December 2018, SKT began a 5G with mobile edge computing experiment for an autoparts business. SKT has since expanded the use of mobile edge computing to at least a dozen of its own data centers. These are spread out throughout its current offices in South Korea. The second-largest mobile operator in South Korea, Korea Telecom, has also established mobile edge centers in eight different sites.

Operators' cutting-edge goals One of the first companies to offer 5G services was South Korean company SK Telecom (SKT).

Within the operator community, it has been one of the most vocal supporters of edge

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Report Store computing. SKT began testing 5G with mobile edge computing for an autoparts company as early as December 2018. Since then, at least a dozen of SKT's own data centers have received mobile edge computing capabilities. These can be found at any of its current offices in South Korea. In addition, mobile edge centers have been introduced in eight sites by Korea Telecom, the second-largest mobile provider in South Korea.

The edge performs as a cloud extension closer to end user devices. So it seems obvious that the cloud service providers are moving in this approach. The chance to collaborate with mobile network operators in order to offer edge services through the low latency 5G networks of operators is already being recognized by hyperscalers. Wavelength is a computing platform developed by AWS specifically for use on edge nodes used by mobile operators. Partnerships between AWS and Verizon, Vodafone Business, KDDI, and SKT have been announced. In the meanwhile, Azure and AT&T have partnered to offer a comparable service they've dubbed "Network Edge Compute."

The next step in edge computing will be a challenge for Telco Mobile operators to increase sales from the edge computing sector. IT hardware suppliers, independent software providers, and hyperscalers have already started to create their solutions and approaches. Only a handful of the world's top operators have announced edge projects, and even fewer have launched services for sale. Additionally, whereas Google, AWS, and Azure all have well-established developer communities that are accustomed to working in their settings, if operators choose for proprietary edge computing services, they will face the challenging process of creating a developer community.

To develop the telco edge, operators should instead collaborate with current hardware suppliers and hyperscale service providers. While the owners of well-established computing platforms are an advantage for IT and cloud suppliers, 5G low latency networks and proximity to business clients are advantages for operators. Additionally, it's conceivable that the edge market will eventually merge with the cloud industry.

Many operators nowadays are reluctant to directly sell their own clouds. They are evolving toward a business model in which they provide enterprises capabilities to manage all of their cloud resources from a single location as well as specialized connection to several clouds.

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Report Store Frequently Asked Questions How big was the market for edge computing in 2021?

In 2021, the market for edge computing was estimated to be worth $9.7 billion.

What is the market growth rate for edge computing?

The market for edge computing is anticipated to expand at a CAGR of 16.6% from 2022 to 2026.

What are the main market factors for edge computing?

The adoption of the internet of things (IoT), expenditures in network modernization, and the launch of 5G technology are all propelling the growth of the edge computing market.

What are the main commercial sectors for edge computing?

Hardware, software, and services that make up the IT infrastructure Edge data centers, telco edge solutions, edge gateway hardware, enterprise edge hardware, and device edge are among the hardware segments.

Edge Software (Others), Edge Software/Platforms, and Edge Aggregation & Orchestration are the software segments.

Services Segments: IoT Edge/Edge Gateways Connectivity, Managed Edge Services, and Edge Integration Services BFSI, manufacturing, information technology, communication, government, and other vertical segments.

Smart cities, AR/VR, content delivery networks, IIoT, remote monitoring, and others are application segments.

Micro (less than 50), Small (51-250), Medium (251-1000), Large (1001-4999), and Very Large (5000+) are the segments of the employee size band.

Which organizations are on the cutting edge of computing?

Microsoft Corporation, IBM Corporation, Hewlett Packard Enterprise Co., Dell Technologies Inc., Cisco Systems Inc., Amazon, and Intel Corporation are the market leaders in edge computing.

Huawei Technologies Co. Ltd, Telefonaktiebolaget LM Ericsson, and EdgeConnex.

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