Edge Computing Market Research Report - Global Forecast till 2030

Edge Computing Market Research Report - Global Forecast till 2030

ID: MRFR/ICT/2348-CR | | Region: Global | 150 pages

Impact of covid-19 on the Global Edge Computing Market

The outbreak of the Coronavirus (COVID-19) has caused a lot of hardship across the world. The majority of the global population is struggling with the effects of the COVID-19 outbreak on public health, the economy, and society at large. During the COVID-19 pandemic, edge computing and edge data centers are playing a vital role in delivering cached content and cloud computing resources across the globe. Edge computing is proving to be a life-saving technology for the healthcare industry due to the various IoT medical applications that it provides. These telemedicine programs, diagnostic devices, and software applications allow medical professionals to quickly reach the patients by using the patients’ data. The benefits of edge computing have become more apparent during the COVID-19 pandemic. The worldwide lockdown has compelled businesses to move towards digitalization for the provision of work from home facilities to their employees. This has boosted the use of edge servers that are being deployed by the key players in the market, including Amazon Web Services and Microsoft. The impact of the COVID-19 pandemic is significantly driving the demand for edge computing as the leading technology companies are integrating automation and intelligence into their businesses using the edge computing technology.

Country-wise, the US is one of the significant adopters of edge computing during this pandemic period. For instance, According to MRFR analysis, around 76% of US households have subscribed either to Amazon, Hulu, or Netflix. Due to the COVID-19 pandemic, this percentage has risen considerably. Edge computing has enabled these streaming service providers to improve the end-user experience. Due to the lockdown, the use of video conferencing applications in the country has also seen tremendous growth. This has resulted in the partial outrage by Zoom Communication Ltd., one of the leading providers of video conferencing. There has been enormous network congestion due to the abrupt increase in data traffic. However, edge computing is helping these businesses by providing better quality and reliability.

In the US, millions of people are expected to lose their jobs due to the COVID-19 pandemic. However, edge AI is providing unemployed people with new career prospects in the country. Furthermore, using edge AI, countries such as China have deployed robots and drones specifically related to the healthcare domain. Thus, edge computing has helped in gathering accurate information and real-time insights that have enabled the healthcare teams to identify, treat, and isolate COVID-19 patients effectively.

Edge Computing Market