How data generated by IoT and other devices is stored, processed, analyzed and transported is being transformed by edge computing. With 5G being rapidly deployed and the rise of real-time applications requiring minimal latency, edge computing is being more widely adopted.
Stratus Technologies and Espalier shared market research that identified key use cases and industries projected to drive edge computing adoption up to 46% through 2026.
The research assessed a range of edge computing use cases for horizontal Industry 4.0 technologies. The technologies include IoT devices and platforms, AI and analytics, cybersecurity, augmented reality/virtual reality as well as traditional enterprise software workloads in industrial and non-industrial verticals.
Edge computing applications were grouped in three distinct markets and projected growth:
Various industry verticals are benefitting from edge computing and are helping drive adoption. The industries are oil and gas, digital manufacturing for discrete and complex discrete industries, life sciences and pharmaceutical manufacturing, and smart infrastructure and renewables.
Additionally, the research detected how companies across the industries are using edge computing.
“For nearly 20 years, Espalier has studied the edge compute market worldwide, and there’s no question edge is approaching a key inflexion point, post-pandemic. Enterprises across verticals are looking to complement prior cloud deployments by transforming how they collect data and manage critical processes at the edge with the highest levels of reliability,” said Inder Thukral, CEO of Espalier.
Edge computing, based on research results, is more suited for organizations that require local compute power for critical processes that receive the best business benefits.