Close
  • Latest News
  • Artificial Intelligence
  • Video
  • Big Data and Analytics
  • Cloud
  • Networking
  • Cybersecurity
  • Applications
  • IT Management
  • Storage
  • Sponsored
  • Mobile
  • Small Business
  • Development
  • Database
  • Servers
  • Android
  • Apple
  • Innovation
  • Blogs
  • PC Hardware
  • Reviews
  • Search Engines
  • Virtualization
Read Down
Sign in
Close
Welcome!Log into your account
Forgot your password?
Read Down
Password recovery
Recover your password
Close
Search
Logo
Subscribe
Logo
  • Latest News
  • Artificial Intelligence
  • Video
  • Big Data and Analytics
  • Cloud
  • Networking
  • Cybersecurity
  • Applications
  • IT Management
  • Storage
  • Sponsored
  • Mobile
  • Small Business
  • Development
  • Database
  • Servers
  • Android
  • Apple
  • Innovation
  • Blogs
  • PC Hardware
  • Reviews
  • Search Engines
  • Virtualization
More
    Subscribe
    Home Android
    • Android
    • Apple
    • Applications
    • Big Data and Analytics
    • Cloud
    • Innovation
    • Networking
    • PC Hardware

    Why Edge Computing Market Will Grow 30 Percent by 2022

    Written by

    Chris Preimesberger
    Published January 22, 2018
    Share
    Facebook
    Twitter
    Linkedin

      eWEEK content and product recommendations are editorially independent. We may make money when you click on links to our partners. Learn More.

      We’re hearing a lot about so-called “edge computing”—largely because our devices (smartphones, laptops, tablets, IoT devices) on the fringes of centralized systems can hold much more information and do more with it than in years past.

      Definition: Edge computing is a method of optimizing cloud computing systems by performing data processing at the edge of the network, near the source of the data. This reduces the communications bandwidth needed between sensors and the central data center by performing analytics and knowledge generation at or near the source of the data. This approach requires using resources that may not be continuously connected to a network, such as laptops, smartphones, tablets and sensors.

      By its very nature, edge computing—which also includes these devices communicating with each other via Bluetooth and other non-cloud methods—decreases workloads that used to be processed inside 24/7 cloud computing systems. This not only increases the efficiency of computing and data applications but also promotes further implementation of emerging technologies, such as artificial intelligence and 5G bandwidth.

      This made edge computing a focus of discussion in 2017; naturally, interest continues to grow in the new year. OpenStack, for one open source community, has taken a central position in all of this change.

      Substantial Growth Expected in Next Four Years

      With this background, TrendForce on Jan. 22 forecast that the edge computing market of products and services will grow by a compound annual growth rate (CAGR) of more than 30 percent from 2018 to 2022. That’s a non-trivial expansion pattern, to say the least.

      TrendForce analyst Jimmy Liu reminded eWEEK in a media advisory that the traditional architectures of cloud computing systems have led the market for many years and have created new business opportunities, such as cloud storage and big data analysis. However, with increasing numbers of big-data workloads and the rise of real-time computing, conventional architectures are slowing down and eventually will be unable to meet future demand.

      With its decentralized structure, edge computing integrates networks, computing, storage and self-management at the edge of field devices and cloud gateways, enabling real-time response of field devices and enhancing the efficiency of data collection and advanced application. Edge computing also can reduce the cost compared with traditional architectures, Liu said.

      Supply Chains Have Been Developing Industry Standards, Ecosystem

      A number of new corporate alliances have been setting new standards for edge computing, because the trend is expected to bring changes to the architectures and actual applications in the market. For example, the Multi-Access Edge Computing (MEC) of the European Telecommunications Standards Institute (ETSI), the OpenFog Reference Architecture for Fog Computing and the Edge Computing Consortium led by Huawei have been actively developing reference architectures to establish new business ecosystems .

      In addition, several companies have rolled out their edge-computing solutions, such as Azure IoT Edge launched by Microsoft, which puts machine learning, advanced analytics and AI services at front-end IoT devices which are closer to the source of data. Chip software provider Arm also introduced Mbed Edge, a computing platform to assist in protocol translation, gateway management and edge computing.

      The rest of the industry chain—including server providers, network equipment providers, industrial computer providers, traditional manufacturers, and open source organizations—have all introduced corresponding solutions.  

      Implementation of AI, 5G Will Depend on Edge Computing

      Edge computing will have significant implications for the widespread use AI and 5G. Liu said that AI used to rely on powerful cloud-computing capabilities for data analysis and algorithm, but with the advancement of chips and the new architectures, field devices and gateways have been given basic AI abilities that allow them to assist in the initial data screening and analysis, immediate response to requirements and other attributes.

      This advantage can further improve existing services in industries, smart cities and consumer markets, such as real-time alerts, security system, smart assistant and predictive maintenance, Liu said.

      Edge computing is also an important technological transformation for 5G. Compared with 3G and 4G era, 5G network features far more diverse applications and network demands. Therefore, 5G networks must offer corresponding solutions for different applications and requirements, Liu said.

      Chris Preimesberger
      Chris Preimesberger
      https://www.eweek.com/author/cpreimesberger/
      Chris J. Preimesberger is Editor Emeritus of eWEEK. In his 16 years and more than 5,000 articles at eWEEK, he distinguished himself in reporting and analysis of the business use of new-gen IT in a variety of sectors, including cloud computing, data center systems, storage, edge systems, security and others. In February 2017 and September 2018, Chris was named among the 250 most influential business journalists in the world (https://richtopia.com/inspirational-people/top-250-business-journalists/) by Richtopia, a UK research firm that used analytics to compile the ranking. He has won several national and regional awards for his work, including a 2011 Folio Award for a profile (https://www.eweek.com/cloud/marc-benioff-trend-seer-and-business-socialist/) of Salesforce founder/CEO Marc Benioff--the only time he has entered the competition. Previously, Chris was a founding editor of both IT Manager's Journal and DevX.com and was managing editor of Software Development magazine. He has been a stringer for the Associated Press since 1983 and resides in Silicon Valley.
      Linkedin Twitter

      Get the Free Newsletter!

      Subscribe to Daily Tech Insider for top news, trends & analysis

      Get the Free Newsletter!

      Subscribe to Daily Tech Insider for top news, trends & analysis

      MOST POPULAR ARTICLES

      Artificial Intelligence

      9 Best AI 3D Generators You Need...

      Sam Rinko - June 25, 2024 0
      AI 3D Generators are powerful tools for many different industries. Discover the best AI 3D Generators, and learn which is best for your specific use case.
      Read more
      Cloud

      RingCentral Expands Its Collaboration Platform

      Zeus Kerravala - November 22, 2023 0
      RingCentral adds AI-enabled contact center and hybrid event products to its suite of collaboration services.
      Read more
      Artificial Intelligence

      8 Best AI Data Analytics Software &...

      Aminu Abdullahi - January 18, 2024 0
      Learn the top AI data analytics software to use. Compare AI data analytics solutions & features to make the best choice for your business.
      Read more
      Latest News

      Zeus Kerravala on Networking: Multicloud, 5G, and...

      James Maguire - December 16, 2022 0
      I spoke with Zeus Kerravala, industry analyst at ZK Research, about the rapid changes in enterprise networking, as tech advances and digital transformation prompt...
      Read more
      Video

      Datadog President Amit Agarwal on Trends in...

      James Maguire - November 11, 2022 0
      I spoke with Amit Agarwal, President of Datadog, about infrastructure observability, from current trends to key challenges to the future of this rapidly growing...
      Read more
      Logo

      eWeek has the latest technology news and analysis, buying guides, and product reviews for IT professionals and technology buyers. The site’s focus is on innovative solutions and covering in-depth technical content. eWeek stays on the cutting edge of technology news and IT trends through interviews and expert analysis. Gain insight from top innovators and thought leaders in the fields of IT, business, enterprise software, startups, and more.

      Facebook
      Linkedin
      RSS
      Twitter
      Youtube

      Advertisers

      Advertise with TechnologyAdvice on eWeek and our other IT-focused platforms.

      Advertise with Us

      Menu

      • About eWeek
      • Subscribe to our Newsletter
      • Latest News

      Our Brands

      • Privacy Policy
      • Terms
      • About
      • Contact
      • Advertise
      • Sitemap
      • California – Do Not Sell My Information

      Property of TechnologyAdvice.
      © 2024 TechnologyAdvice. All Rights Reserved

      Advertiser Disclosure: Some of the products that appear on this site are from companies from which TechnologyAdvice receives compensation. This compensation may impact how and where products appear on this site including, for example, the order in which they appear. TechnologyAdvice does not include all companies or all types of products available in the marketplace.

      ×