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The Time is Now Ripe for Edge Computing to Transform Telecommunications. Mobile Edge Computing to Reach $2.7 Billion
The global market for Mobile Edge Computing is expected to reach US$2.7 billion by the year 2027, trailing a post COVID-19 CAGR of 30.8% over the analysis period2020 through 2027.
Mobile edge computing, also popular as multi-access edge computing, represents an advanced edge computing option intended to bring cloud storage and computing closer to the network edge for sophisticated capabilities. The origin of mobile edge computing architecture can be attributed to the European Telecommunications Standards Institute (ETSI) initiative that places edge nodes on mobile and fixed networks. The concept allows processing in central offices, bases stations and other key aggregation points on a network.
Luxembourg s 1st Public 5G Projects to Launch in January
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Global 5G in Defense Market 2020 Applications, SWOT Analysis, Remarkable Growth and Competitive Landscape by 2025
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As the World Searches for a Solution to Latency in IoT Devices, Edge Computing Will Receive a 27.7% Growth Boost
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 IoT ecosystem is exploding with billions of self-aware devices expected to be connected to the edge of networks by 2030. The Internet of Things (IoT) devices have gained significant traction in the recent years and are likely to witness increasing penetration in the coming years. While organizations and end-users focus on IoT devices, network connectivity intended to facilitate their communication receives relatively little attention. Public cloud and public Internet architectures are often unable to host critical, time-sensitive communications.