Edge computing is a network of microdata centers that processes and stores sensitive data closer to the data source or closer to the end user. This reduces network traffic by reducing communication bandwidth between the central data center / cloud and end-user devices. Edge computing can be used for data collection, mobile signature analysis, data caching, and more.
Increased penetration of the Internet of Things (IoT) and increased adoption of cloud services and solutions are key drivers of the global edge computing market. In addition, the increase in Smart City projects and the adoption of connectivity devices are other factors that are expected to drive growth in the global edge computing market during the forecast period. As the adoption of real-time analysis and analysis of large data increases, the demand for edge computing becomes even higher. This is another factor expected to drive the growth of the global edge computing market during the forecast period.
Concerns about high deployment costs and data security are a major factor impeding the growth of the global edge computing market. The lack of skilled workforce is another factor that will hinder the growth of the global edge computing market during the forecast period.
The global edge computing market is segmented by components, applications, end users and geographies. By region, the global edge computing market is divided into North America, Europe, Asia Pacific, Latin America and the Middle East and Africa.
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