Edge Computing Market

The Strategic Partnership is an Important Strategy Adopted by the Key Market Players to Overcome Interoperability Challenges to Integrate Edge Computing Platform

The edge computing is adopted by companies across the globe in order to meet the demand for low latency and high bandwidth as required to accomplish critical tasks in real-time applications. Furthermore, due to the rising adoption of IoT technologies by enterprise operating in different verticals, edge computing is gaining high demand. The strategic partnership is an important strategy adopted by the key market players to overcome interoperability challenges to integrate edge computing platform with hardware components offered by different edge computing vendors. MarketsandMarkets forecasts the edge computing market to grow from USD 1.47 Billion in 2017 to USD 6.72 Billion by 2022, at a CAGR of 35.4%.

Edge computing caters to wide range of applications that include smart cities, location services, analytics, environmental monitoring, optimized local content, data caching, augmented reality, and others. There are several renowned vendors in the edge computing market, such as Nokia Networks (Finland), Huawei (China), Juniper Networks (US), Dell (US), Cisco Systems (US), HPE (US), SixSq Sŕrl (Switzerland), FogHorn Systems (US), Vasona Networks (US), MachineShop Inc. (US), Saguna Networks (Israel), Vapor IO (US), Xiotech (US), Mirror Image (US), Aricent (US), and ADLINK Technology (US). These players have adopted various strategies such as partnerships, collaborations, agreements, mergers and acquisitions, and new product developments to achieve growth in the edge computing market.

Huawei offers a broad array of solutions and services to cater to industry needs of cloud technology, telecom, and enterprise networks. Huawei offers hardware, platform, and services to cater to the varying needs of enterprises that include healthcare, manufacturing, government, education, and media and entertainment. The company has built a strong partner ecosystem comprising technology partners, channel partners, and system integrators to aid its product development and market its products and services across geographies. This can be observed through its recent partnership in July 2017, with China-based, state-owned telecommunication company, China Mobile Communications, to launch a pilot project for the MEC-based smart stadium.

Cisco offers integrated network solutions that help enterprises with digital transformation activities by facilitating the network, data center, collaboration, cloud, analytics, security, and IoT. Focus on innovation in order to offer competitive network solutions and products to enterprises, has been a major aspect of the company’s strategy. In February 2017, Cisco launched secured internet gateway in the cloud, Cisco Umbrella, which aims at addressing growing enterprise security concerns in the emerging cloud era. While in December 2014, Cisco released edge analytics software solution portfolio targeted for various industrial applications.

Related Reports:

Edge Computing Market by Component (Hardware, Platform, Solutions), Application (Smart Cities, Location Services, Analytics, Augmented Reality), Organization Size (SME, Large Enterprises), Vertical, and Region - Global Forecast to 2022

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Report Code
TC 5693
Published ON
Oct, 2017
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