These edge computing companies offer solutions ranging from data centers at the edge to workload management tools for edge deployments.
With the global proliferation of internet-connected devices, efficiency in data transmission and processing is becoming increasingly crucial.
The amount of annual data generated is expected to grow from 40 zettabytes in 2019 to 175 zettabytes in 2025, according to an IDC report. For context, 175 zettabytes is nearly equivalent to 175T gigabytes (or 5.4 billion years of YouTube content in 1080p).
While cloud computing has traditionally served as a reliable and cost-effective way to managing these data streams, the total growth of data will put increasing strain on network bandwidth.
Fortunately, edge computing has emerged to prepare our networks and underlying infrastructure for our data-abundant future.
Edge computing involves placing resources closer to where data originates (i.e. motors, pumps, generators, or other sensors) — or at the “edge.” This reduces the need to transfer data back and forth between centralized computing locations, such as the cloud. This, in turn, helps to limit network congestion and reduce latency.
The global edge computing market is estimated to reach $34B by 2023, according to the CB Insights Market Sizing tool.