Converged Edge System Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2019 - 2027
Albany, NY -- (SBWIRE) -- 04/10/2019 -- The Industrial Internet of Things (IIoT) has barely started to grow 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 trend demands convergence and virtualization on edge gateways and servers. Converged edge system would empower end-users to standardize multiple services, systems, and applications for near-real-time analytics. Convergence and edge computing empowers end-users to implement actionable and useful applications on-premises, while filtering the data that is sent to the cloud through edge analytics.
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It simply does not make sense to send every sensor reading to the cloud. Converged edge systems can store sensor data and use machine learning, physics-based simulations, and artificial intelligence (AI) on the data streams coming off any asset or process at any single location. As end-users of IIoT solutions need more edge analytics and edge computing, as many sectors collect more types of data in changing environments. Converged edge systems enable end-users to process and capture data from multiple protocols, reduce bandwidth, and lower response time. Converged edge systems solve problems in near real-time.
The global converged edge system market is primarily driven by the increasing demand for data protection and disaster recovery, by enterprises. This is primarily because converged edge system supports running legacy platforms and software, and new micro-services based applications on a hardware platform. These features enable enterprises to gain higher levels of operational efficiency through consolidating workloads running at the edge. Additionally, rising adoption of converged edge system among organizations in order to reduce operational expenditure (OPEX) and capital expenditure (CAPEX) is expected to boost the demand for converged edge system across the world. Moreover, converged edge system is a centrally managed solution that can be deployed and maintained with massive scale easily.
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This, in turn, is further accelerating the demand for converged edge system worldwide, as deployment is the biggest challenge for organizations. Furthermore, rising demand for lowering of costs, IT simplification, business acceleration, and risk minimization among organizations are major factors driving the global converged edge system market. Increased flexibility, improved scalability, and enhanced agility of network edge solutions provided by converged edge system are key factors that are anticipated to boost the demand for converged edge system across the globe. However, disparate data needs to be collected from multiple sources, which is restraining the converged edge system market.