Data processing, analytics, and storage increasingly is taking place at the network edge, close to where users and devices need access to the information. Not surprisingly, edge computing is becoming a key component of IT strategy at a growing number of organizations.
A recent report from Grand View Research predicted the global edge computing market will reach $3.24 billion by 2025, expanding at a “phenomenal” compound annual growth rate (CAGR) of 41% during the forecast period.
One of the biggest contributors to the rise of edge computing is the ongoing growth of the Internet of Things (IoT). The vast amounts of data created by IoT devices might cause delays and latency, Grand View says, and edge computing solutions can help enhance the data processing power, which further aids in avoiding delays. Data processing takes place closest to the source of the data, which makes it more feasible for business users to gain real-time insights from the IoT data devices are gathering.