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New Research Study on Edge Computing Market Predicts Steady Growth Till 2026 | COVID19-Corona Virus Impact Analysis on Edge Computing Industry

06-19-2020 12:42 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: AllTheResearch

The Global Edge Computing Market is expected to reach US$ 9.3 billion in 2026, growing with a significant CAGR by 2026.
The ripple effect of Coronavirus-COVID19 on the Edge Computing Market Ecosystem needs to become part of strategy discussions to emerge strong. The Analyst team is meticulously tracking the impact and relevance to all the sectors in the Edge Computing Market. Key data sets include Revenue Impact analysis, Disruptions and New opportunities in the Supply Chain, Revised Vendor Landscape Mix, New opportunities mapping, and more.

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The global Edge Computing Market is expected to reach US$ 9.3 billion in 2026, growing with a significant CAGR during the forecast period. Edge computing is an architecture that processes data near the edge of network where the data is being generated, instead of a centralised data-processing system. Edge computing enables real-time data processing at high speed and without latency. It is used in smart applications to allow devices to respond instantaneously to the data, by eliminating the lag time. It is a way of streamlining the flow of traffic from the Internet of Things (IoT) devices and it provides real-time analysis.
AllTheResearch offers a most recent distributed report on Global Industrial Hemp industry examination and figure 2019-2027conveying key bits of knowledge and giving an upper hand to customers through a point by point report. The report contains XX pages which profoundly displays on current market investigation situation, up and coming just as future chances, income development, evaluating and gainfulness.

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Market Segmentation:
Following Top Key players are profiled in this Market Study:
Hewlett Packard Enterprise Development LP, Cisco Systems, Inc., Amazon Web Services, Inc., The Linux Foundation, Dell Inc., Saguna Networks Ltd., CLEARBLADE, IBM Corporation, Cloudera Inc., ZEDEDA Inc., and Telefonaktiebolaget LM Ericsson, amongst others

By End-Users: Connected Cars, Traffic Management, Augmented Reality, Content Delivery, Smart City, Remote Monitoring, Others

Based on the component type, hardware is expected to hold the largest market share during the forecast period.
Based on type, the market has been segmented into neural networks, case-based reasoning, inductive learning, ambient- intelligence and others. The neural networks segment is projected to have the largest share of 32% in the global market. Moreover, continuous developments in AI are further increasing the scope for applications of neural networks. AI can bring a significant transformation with the new technique, such as Recurrent Neural Networks (RNN) that can assist to detect fraud at initial stages across industries, such as BFSI and e-commerce and able to solve thousands of transactions immediately. It is an advanced deep learning algorithm that is used for modelling sequence to sequence information. RNN focuses on cases where there is a significant probability of fraud and thereby, saves a lot of time.

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Regional Analysis:
North America
Europe
Asia Pacific
LATAM
Middle East Africa

Based on regions:
Asia Pacific region is expected to grow with the highest CAGR during the forecast period in the edge computing market.
Managing cloud technology is becoming a challenging task with the increasing number of users in the region. This is shoving the companies to use edge computing to speed up data processing, in order to avoid latency and congestion. Banks, retail stores, and other industries are shifting to edge computing to focus on edge locations away from the core data centre. Deployment of various projects in the region from countries such as Taiwan, China, and others, is increasing the demand for edge computing in the region.

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AllTheResearch
Contact Person: Rohit B.
Tel: 1-888-691-6870
Email: contactus@alltheresearch.com
Website: https://www.alltheresearch.com

About Us:
AllTheResearch was formed with the aim of making market research a significant tool for managing breakthroughs in the industry. As a leading market research provider, the firm empowers its global clients with business-critical research solutions. The outcome of our study of numerous companies that rely on market research and consulting data for their decision-making made us realise, that its not just sheer data-points, but the right analysis that creates a difference.

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