Juniper Research: Mobile Edge Computing Annual Spend to Reach $11.2 billion by 2024, Fuelled by IoT, Start-Ups, AI & Machine ...
25 Juni 2019 - 08:00AM
Business Wire
$9.8 billion rise from 2019 to 2024 fuelled by
increasing demand to acquire real-time analysis of critical data at
the Edge, for industries such as manufacturing, asset tracking and
transportation
A new study from Juniper Research has found that total annual
spend on Mobile Edge Computing (the collection and analysis of data
at the source of generation, at the Edge of the network, instead of
a centralised location such as the cloud), will reach $11.2 billion
by 2024. This is up from an estimated $1.3 billion in 2019, with an
average annual growth of 52.9%.
For more insights, download our free whitepaper: How AI &
Machine Learning Are Advancing Edge Processing.
The Leaders in Edge Processing
Juniper Research ranked leading players in the Edge processing
sector by a range of factors, such as the depth of their experience
in IoT, their geographical footprint, along with the number, and
type, of industries served. The top five players are:
- Siemens
- Bosch
- AWS
- VMware
- Telit
Mobile Operators to support Edge Processing of 5G
Applications
Juniper Research believes that mobile operators will play an
important role in connecting Edge processing devices via 5G,
particularly for smart city initiatives, due to the large numbers
of device users they serve, as well as their ownership of mobile
spectrum and local real estate assets.
Far East & China Accounts for Lion’s Share of $9.8
billion Increase
The new research Edge Processing in IoT: Market Strategies,
Challenges & Future Outlook, 2019-2024 forecasts that the
annual spend on Edge processing in the Far East & China region
will reach an estimated $4.6 billion in 2024; 41% of the global
total spend. China’s three leading mobile operators have been
conducting Edge processing pilots since 2017, while Huawei, Intel
and Alibaba have collaborated to further Edge processing
capabilities.
Research author, Elson Sutanto explains: “Edge Computing and 5G,
supported by continued advancements in machine learning and
AI-derived algorithms, will continue to be the key drivers of Big
Data analytics and complex real-time analysis at the Edge of
networks.’’
Juniper Research provides research and analytical services to
the global hi-tech communications sector; providing consultancy,
analyst reports and industry commentary.
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Sam Smith Press Relations T: +44(0)1256 830002 E:
sam.smith@juniperresearch.com