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Edge Computing: Doing Computing Locally
Number 6 on Gartner’s list of top 10 Technology Trends for 2020 is Edge Computing, a computing architecture where computing is performed on non-centralized devices located on the fringe of a network. The Edge Computing Model is basically the inverse of the centralized model of Cloud Computing — rather than computing in the cloud, it is located closer to the end user.
Matt Trifirio, chief marketing office at Vapor IO, said that “the whole point of edge computing is to get closer to devices, to reduce the amount of data that needs to be moved around for latency reasons, to get closer so that responses are faster.”
Investment firm GP Bullhound thinks that 2020 will be a breakout year for vendors selling into the Edge Computing market, products that include computer, network, infrastructure and cybersecurity. Business will also pick up for service integrators and managed service providers.
Three areas where Edge Computing is expected to make a big impact are manufacturing, healthcare and construction.
MarketsandMarkets reports that the global Edge Computing market is expected to reach $9 billion by 2024 from the current level of $2.8 billion. The report cites the “growing adoption of Internet of Things (IoT) across industries; rising demand for low-latency processing and real-time, automated decision-making solutions; and a need for surmounting exponentially increasing data volumes and network traffic.”
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