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Global Converged Edge System Market : Industry Analysis and forecast 2019 – 2027

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Edge Computing is a distributed computing concept, which is capable of bringing computation and data storage closer to the location wherever needed. This does specifically improve the response time and also save bandwidth. Edge computing nowadays carries on this approach through virtualization technology, which makes it easier to deploy and run more applications on the edge servers. Therefore, edge computing can also be defined as the computing happening at the edge of the network, outside the cloud, specifically in the applications where the real-time processing of data is required. The unique nature of this approach, requires a special encryption mechanism for the data, as it travels between distributed nodes connected through the internet.

Global Converged Edge System Market

Objective of the Report:

The objective of the report is to present a comprehensive analysis of the Global Converged Edge SystemMarket to the stakeholders in the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The report also helps in understanding Global Converged Edge System Market dynamics, structure by analyzing the market segments and project the Global Converged Edge SystemMarket size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Global Converged Edge System Market make the report investor’s guide.

visit at-https://www.maximizemarketresearch.com/market-report/global-converged-edge-system-market/82680/

Market Scenario:

The Global Converged Edge System Market was valued around at $4Bn in the year 2019and is projected to reach $XX Bn by the year 2027, growing at a CAGR of almost 35%during the forecasted period.

Market Overview:

Drivers:

• Rise in the Need for Data Security
With the growing rate of automation and other latest technologies, data protection and recovery have become important factors of concern. This factor could act as one of the major reasons for driving the market for converged edge systems during the forecast period. The reason being the basic feature provided by the edge systems, which supports running legacy platforms and software, and new micro services-based applications on hardware platforms in a very efficient manner.
• Edge Partnership for the Internet of Things (IoT)
The Industrial Internet of Things (IIoT) has recently started to enhance in terms of connecting devices to the cloud, and already, bandwidth costs, performance constraints, and latency requirements have forced end-users and vendors to move toward more computing, analytics, and functionality distributed to the edge. This, in turn, arises more demand for the convergence and virtualization on edge gateways and servers. This demand can be expected to drive the future for the converged edge systems market during the forecast period.

Restraint:

• Vulnerability across the Edge Nodes
Though Edge computing provides enormous benefits, it also comes with a high risk of cyber – attacks over various edge nodes and IoT devices. Many devices have low authentication and encryption, which makes them prone to malicious congestion, tampering, identity forging, and eavesdropping. Hence, this could act as one of the major restraints responsible for hampering the market for converged edge systems, during the forecast period.
Market Segmentation

The report for the global Converged Edge System market is studied across the 4 major segments:
• By Component

o Hardware
o Software
o Services
o Edge – Managed Platform

Based on the type of components used, the Hardware segment dominated the Converged Edge System market during the year 2019, and it is expected that the segment will also continue its dominance over the forecast period. The reason behind the highest market share could be attributed to the rise in demand for the deployment of hardware components, for decentralizing storage and computing operations.
• By Applications

o Smart Cities
o Industrial Internet of Things (IIoT)
o Content Delivery
o Augment & Virtual Reality
o Others
• By End – User Verticals

o Manufacturing
o Energy & Utilities
o Government & Defense
o Telecommunications
o Media & Entertainment
o Retail & Consumer Goods
o Transportation & Logistics
o Healthcare & Life Sciences
o Others

The Manufacturing segment is expected to witness the highest growth in the market of converged edge systems during the forecast period; thanks to the rise in advancements in industrial automation, with the help of edge computing elements in smart machines, which has helped the manufacturers to increase their efficiency in production lines and can develop various high – quality products.
• By Geography

o North America
o South America
o Asia Pacific
o Europe
o Middle East & Africa

Competitive Landscape

• The major key players operating in this market include -:

o Amazon Web Services Inc.
o Cisco Systems Inc.
o General Electric Company
o Intel Corporation
o Microsoft Corporation
o Huawei Technologies Co. Ltd.
o Hewlett Packard Enterprise Development

 

 

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