Edge computing: Revolutionizing the future of data processing

The edge computing market value is on the rise due to the increasing number of IoT devices and the amount of data they collect.

The global edge computing market will reach USD 155.9 billion by 2030, with a CAGR of above 38.9% during the forecast period, according to this comprehensive report. The increasing demand for low-latency processing, the growth of the Internet of Things (IoT), and the rising adoption of cloud-based services are among the factors driving the growth of the edge computing market.

Edge computing can eliminate latency issues for mission-critical and time sensitive applications. As the practice head of disruptive tech at GlobalData Kiran Raj explains in this interview, “Edge computing technology is the missing link of IoT as it processes data at the network edge instead of sending it back to the cloud or a datacentre, thus reducing the latency issue for businesses related to their internet and networking infrastructure impacted by the growing number of devices and data.” Aside from ensuring low latency, the GlobalData report highlights more industrial benefits of edge computing, including:

• Increased resilience - eliminating a single point of failure leading to improved reliability of the connected environment.
• Better efficiency - reducing travel time for data processing, thus shortening the entire process.
• Lower costs - reducing the amount of data moved to and from the cloud, helping to maintain the costs and prevent them from increasing.
• Scalability - allowing organizations to easily deploy and manage edge devices as required. Scaling at the edge is a more efficient approach as the cost of endpoint hardware and edge devices is lower than the computing resources within a centralized data center.
• Enhanced privacy and security - keeping data close to the edge and away from centralized servers that are prone to cyber-attacks.

Edge computing will evolve in the upcoming years to enable even more use cases. Another prediction is that edge computing will shift toward platform-centric solutions by utilizing orchestration software and advanced management techniques to simplify the infrastructure and ensure easy implementation of edge services and applications.

That tendency is already a reality with Orchestra, our market-proven platform designed to simplify networking, provisioning, and remote management of edge computing devices and applications. The Orchestra platform has been supporting a variety of turnkey IoT and edge computing applications across verticals such as manufacturing, logistics, smart utilities, robotics, and more.

Our Orchestra was designed to fit any use case as it allows for secure, low-latency data capturing and brokering from processes and assets on a massive scale. In fact, it has already proven successful in collecting over 7.3 million datapoint measurements from the deployed field IoT devices in just a few months.

Edge computing has the power to revolutionize business processes, especially when it comes to data-intensive services.

Find out how you can transform your operations and lower your costs with our secure and scalable Orchestra Platform here