Enterprise Edge Computing

Providers prepare to pounce on the emerging enterprise edge computing market. Edge computing is a way to process and manage data closer to where it is generated or used rather than sending it to a distant data center or cloud. By doing this, it helps to reduce delays, save bandwidth, and improve data privacy. It’s called “edge” because it occurs at the network’s edge, closer to devices like smartphones, sensors, and other gadgets. This approach is beneficial for applications that require quick responses or involve a large amount of data. Cloud, telco, equipment, and platform companies are vying for a share of enterprise investments in edge services and products that make computing faster, safer, and cheaper. Deloitte Global predicts that the enterprise edge computing market will grow 22% in 2023, compared to a 4% growth in spending on enterprise networking equipment and 6% on overall enterprise IT for the same year. Most of this growth will likely come from expenditures on hardware initially but will migrate toward software and services as the market matures.