The Asia Pacific Edge Computing Market would witness market growth of 17.6% CAGR during the forecast period (2022-2028).
The capacity to perform on-site big data analytics and aggregation, which enables almost real-time decision making, is one of the advantages of edge computing. By maintaining all of that computing power locally, edge computing further lowers the danger of exposing sensitive data and enables businesses to implement security procedures or adhere to legal requirements.
When data is housed and managed by various data centres or hosting companies, it might be more difficult to meet regulatory and compliance standards. This is due to the unique privacy and regulatory constraints that each data centre has. With edge computing, this is not the case because data is created, stored, and processed in a single location, making it simple to comply with legal and regulatory standards.
When consumers attempt to use centralized hosting systems or centers-hosted programme and data, delays may result. When there are problems with internet access, the procedure of requesting data from such data centers can become delayed. This problem is resolved by edge computing, which keeps the data closer to the devices' edges for easier access.
As equipment vendors and tech companies launched 5G testbeds in India and began working on the development of use cases, there was an increased emphasis on getting indigenous telecom equipment makers to join in the 5G trial in India. Thus, the dispute in the 5G India telecom circle regarding the dependability of foreign telecom equipment was a major role in the postponement of 5G in India. This rising adoption of 5G has resulted in the growing demand for enhanced data security and better protection. This is resulting in market growth for edge computing in the Asia Pacific region.
The China market dominated the Asia Pacific Edge Computing Market by Country in 2021; thereby, achieving a market value of $9.2 billion by 2028. The Japan market is registering a CAGR of 16.9% during (2022 - 2028). Additionally, The India market would showcase a CAGR of 18.3% during (2022 - 2028).
Based on Organization Size, the market is segmented into Large Enterprises and SMEs. Based on Application, the market is segmented into Smart Cities, Industrial Internet of Things (IIoT), Remote Monitoring, Content Delivery, Augmented Reality (AR) & Virtual Reality (VR), and Others. Based on Component, the market is segmented into Hardware, Software, and Services. Based on Vertical, the market is segmented into Manufacturing, Government & Defense, Retail & Consumer Goods, Healthcare & Life Sciences, Telecommunications, Transportation & Logistics, Media & Entertainment, Energy & Utilities, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Edge Computing Market is Projected to reach USD 111.4 Billion by 2028, at a CAGR of 16.8%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Cisco Systems, Inc., Hewlett Packard Enterprise, Huawei Technologies Co., Ltd., IBM Corporation, Dell Technologies, Inc., Nokia Corporation, Amazon Web Services, Inc., Intel Corporation, Google LLC and Microsoft Corporation.
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