Artificial Intelligence
Edge Computing Market Study 2020-2025: Impact of COVID-19, Market Dynamics, Use Cases, Key Players
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Dublin, Aug. 21, 2020 (GLOBE NEWSWIRE) — The “Edge Computing Market by Component (Hardware, Platform, and Services), Application (Smart Cities, IIoT, Content Delivery, Remote Monitoring, AR and VR), Organization Size (SMEs and Large Enterprises), Vertical, and Region – Global Forecast to 2025” report has been added to ResearchAndMarkets.com’s offering.
The Global Edge Computing Market is Projected to Grow from USD 3.6 Billion in 2020 to USD 15.7 Billion by 2025, at a Compound Annual Growth Rate (CAGR) of 34.1% During the Forecast Period.
Rising focus of enterprises on increasing speed, ensuring resiliency and security and eliminating outage issues in minimal time, to drive the growth of edge computing market
The edge computing market is growing rapidly with the growing adoption of the Internet of Things (IoT)across industries; rising demand for low-latency processing and real-time, automated decision-making solutions; and the need for surmounting exponentially increasing data volumes and network traffic. However, a reluctance among Small and Medium-sized Enterprises (SMEs)to adopt edge computing solutions owing to initial Capital Expenditure (CAPEX) for infrastructure is projected to limit the growth of the market.
Industrial Internet of Things application segment to grow at the highest CAGR during the forecast period The implementation of IoT across industries has increased rapidly, which drives companies to implement solutions that could enhance IoT deployments through data processing closer to the source. By infusing edge computing in Industrial Internet of Things (IIoT) processes, companies could achieve an improved network communication and cooperative coordination with the cloud connected to the system. Further, it helps organizations to reduce workloads by facilitating lost-cost, low-power, and high bandwidth networks.
Manufacturing vertical to hold the largest market size during the forecast period
Edge computing facilitates localized processing which helps reduce latency issues and enables smart and intelligent manufacturing through predictive analytics. With the rise in IoT deployment, manufacturing companies have been rapidly adopting edge computing to improve interoperability among IoT devices, reduce unforeseen downtime issues, and improve production efficiency.
Edge computing market in the Asia Pacific to grow at the highest CAGR during the forecast period
The high growth of the market in the Asia Pacific (APAC)is attributed to the pervasive use of mobile devices, growing data volumes, and increasing assimilation of workload-centric Information Technology (IT) infrastructure in the region with the rising need for businesses to remain globally competitive. Furthermore, the inclination of countries across the region toward emerging technologies, such as cloud computing, IoT, 5G, and Artificial Intelligence (AI), is also expected to fuel the growth of the edge computing market. However, limited technology sophistication among SMEs, privacy issues, and limited technical expertise in advanced technologies remain the biggest hurdle in the edge computing adoption across APAC. Regional technological advances and increasing awareness of edge computing benefits to minimize infrastructure complexities and installation costs opens new avenues for the growth of edge computing market in the region.
Research Coverage
The edge computing market revenue is primarily classified into revenues from hardware, platform, and services. Hardware revenue is associated with hardware offerings, such as local data centers, edge gateways, and edge devices, while platform revenue is associated with edge computing tools and software. Further, services’ revenue is associated with various support and maintenance, consulting and training, and integration services. The market is also segmented on the basis of application, organization size, vertical, and region.
The edge computing market comprises major solution providers, such as cisco (US), HPE (US), Huawei (China), IBM (US), Dell Technologies (US), Nokia (Finland), Litmus Automation (US), AWS (US), FogHorn Systems (US), SixSq (Switzerland), MachineShop (US), Saguna Networks (Israel), Vapor IO (US), ADLINK (Taiwan), Altran (France), Axellio (US), GE Digital (US), Moxa (Taiwan), Sierra wireless (Canada), Digi International (US), Juniper Networks (US), Clearblade (US), EdgeConneX (US), Edge Intelligence (US), and Edgeworx (US). The study includes an in-depth competitive analysis of these key players in the edge computing market with their company profiles, recent developments, and key market strategies.
Key Topics Covered 1 Introduction 2 Research Methodology
3 Executive Summary
4 Premium Insights 5 Market Overview and Industry Trends 6 Edge Computing Market, by Component 7 Edge Computing Market, by Application 8 Edge Computing Market, by Organization Size 9 Edge Computing Market, by Vertical 10 Edge Computing Market, by Region 11 Competitive Landscape 12 Company Profiles For more information about this report visit https://www.researchandmarkets.com/r/z4ttmj
Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.
1.1 Introduction to COVID-19
1.2 COVID-19 Health Assessment
1.3 COVID-19 Economic Assessment
1.4 Objectives of the Study
1.5 Market Definition
1.6 Market Scope
1.7 Currency Considered
1.8 Stakeholders
4.1 Attractive Opportunities in the Edge Computing Market
4.2 Edge Computing Market, by Component
4.3 Edge Computing Market, by Application (2020 Vs. 2025)
4.4 Edge Computing Market, by Organization Size (2020 Vs. 2025)
4.5 Edge Computing Market, by Vertical (2020 Vs. 2025)
4.6 Market Investment Scenario
4.7 COVID-19 Impact
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Growing Adoption of IoT Across Industries
5.2.1.2 Rising Demand for Low-Latency Processing and Real-Time, Automated Decision-Making Solutions
5.2.1.3 Surmounting Exponentially Increasing Data Volumes and Network Traffic
5.2.2 Restraints
5.2.2.1 Initial Capex for Infrastructure
5.2.3 Opportunities
5.2.3.1 Emergence of Autonomous Vehicles and Connected Car Infrastructure
5.2.3.2 Lightweight Frameworks and Systems to Enhance Efficiency of Edge Computing Solutions
5.2.4 Challenges
5.2.4.1 Vulnerability Issues With Edge Nodes
5.2.5 Cumulative Factor Analysis
5.3 Use Cases
5.3.1 Use Case 1: Maximum Asset Utilization by Remotely Monitoring Machines Located in Harsh Environmental Conditions
5.3.2 Use Case 2: Improved Predictive Maintenance Through Consistent Asset Performance Evaluation
5.3.3 Use Case 3: Implementing Core-To-Edge Infrastructure for Network Complexity Reduction, Network Outage Elimination, and Patient-Care Improvement
5.3.4 Use Case 4: Deploying Edge Data Centers for Improved Content Delivery and Website Latency
5.3.5 Use Case 5: Improved Operational Margins Through Edge Analytics and Real-Time Visualization
5.3.6 Use Case 6: Enhanced Internet Performance and Gaming Consistency With Edge Nodes
5.3.7 Use Case 7: Reducing Road Traffic Accidents Through Real-Time Localized Processing
5.3.8 Use Case 8: Achieving Edge Colocation to Improve RoI and Meet Rising Consumer Demands
6.1 Introduction
6.2 Hardware
6.3 Platform
6.4 Services
7.1 Introduction
7.2 Smart Cities
7.3 Industrial Internet of Things
7.4 Remote Monitoring
7.5 Content Delivery
7.6 Augmented Reality and Virtual Reality
7.7 Others
8.1 Introduction
8.2 Small and Medium-Sized Enterprises
8.3 Large Enterprises
9.1 Introduction
9.2 Manufacturing
9.3 Energy and Utilities
9.4 Government and Defense
9.5 Telecommunications
9.6 Media and Entertainment
9.7 Retail and Consumer Goods
9.8 Transportation and Logistics
9.9 Healthcare and Life Sciences
9.10 Others
10.1 Introduction
10.2 North America
10.3 Europe
10.4 Asia-Pacific
10.5 Middle East and Africa
10.6 Latin America
11.1 Competitive Scenario
11.1.1 Partnerships, Agreements, and Collaborations
11.1.2 New Product Launches and Product Enhancements
11.1.3 Business Expansions
12.1 Introduction
12.2 Cisco
12.3 HPE
12.4 Huawei
12.5 Dell Technologies
12.6 Nokia
12.7 IBM
12.8 Amazon Web Services
12.9 Foghorn Systems
12.10 Machineshop
12.11 Saguna Networks
12.12 Litmus Automation
12.13 SixSQ
12.14 Azion Technologies
12.15 Vapor IO
12.16 Adlink
12.17 Altran
12.18 Axellio
12.19 GE Digital
12.20 Moxa
12.21 Sierra Wireless
12.22 Digi International
12.23 Juniper Networks
12.24 Clearblade
12.25 Edgeconnex
12.26 Edge Intelligence
12.27 Edgeworx
12.28 Right-To-Win
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Artificial Intelligence
Globant Augments Software Development Life Cycle with Its New AI Agents
![globant-augments-software-development-life-cycle-with-its-new-ai-agents](https://roboticulized.com/wp-content/uploads/2024/06/150775-globant-augments-software-development-life-cycle-with-its-new-ai-agents.png)
Globant’s more than 10 years of investment in AI are now reflected in an innovative suite of AI Agents and products to empower teams and boost resultsThese new AI Agents will be augmented by humans and will impact the full SDLC, including backend prototyping, application design, testing, and more, to enhance efficiency by solving tasks autonomously SAN FRANCISCO, June 27, 2024 /PRNewswire/ — Globant (NYSE: GLOB), a digitally native company focused on reinventing businesses through innovative technology solutions, announced the integration of its proprietary AI Agents to the software development life cycle (SDLC) to enhance its core development capabilities. Supervised by humans, these AI Agents are designed to enhance Globant’s solutions and keep supporting various industries in accelerating their AI adoption.
Combined with Globant X’s already existing AI products such as Augoor, MagnifAI, Navigate, GeneXus Next, and GeneXus Enterprise AI, the new AI Agents co-create more efficient development cycles by autonomously performing tasks. Globant’s teams will leverage new AI Agents throughout the full cycle with the following initial set of Agents:
– Product Definition AI Agent: Takes multiple inputs to break down the user stories that the development team needs to build a product
– Backend Prototyping AI Agent: Enables users, regardless of their technical knowledge, to create the backend of a business application in record time
– Application Design AI Agent: Brings your vision to life from a simple text input, accelerating the design process and simplifying teamwork
– Code Tester AI Agent: Helps companies deliver high-quality software, faster, by developing comprehensive test plans and executing those tests
– Code Fixer AI Agent: Fixes issues based on contextual understanding of the existing codebase and the reported bug
“Until today, the power of AI productivity lay largely in the hands of individuals. Globant is bringing a breakthrough shift in the symbiotic relation between AI and humans by introducing a set of sophisticated AI Agents. Augmented and supervised by humans, these AI Agents will streamline operations, bring efficiencies, and grant scalability at a corporate level. The potential productivity gain of AI Agents rivals the breakthrough of Henry Ford’s assembly line, which made manufacturing more efficient and scalable,” said Martín Migoya, Co-Founder and CEO of Globant.
As an industry pioneer, Globant has incorporated artificial intelligence throughout its organization since 2013 to create best-in-class solutions that deliver real value to clients. From the initial launch of the Data and AI Studio to the creation of these AI Agents, Globant remains at the forefront of innovation. Almost 100% of Globant’s pods are AI-certified, ensuring that all teams can apply the power of AI to every one of their projects.
“We are transforming our approach to product development by utilizing advanced AI to bring out the best of both worlds: technology and humanity,” said Diego Tartara, Chief Technology Officer at Globant. “Enhancing human and AI collaboration is poised to revolutionize business operations, leading to unprecedented productivity and growth to many industries. Globant’s AI Agents combined with our suite of AI platforms provide a clear advantage to help organizations benefit from these gains.”
Globant harnesses disruptive tech to put businesses at the forefront. To learn more about Globant’s AI and digital transformation journey, solutions, and milestones, click here.
About GlobantAt Globant, we create the digitally-native products that people love. We bridge the gap between businesses and consumers through technology and creativity, leveraging our experience as an AI powerhouse. We dare to digitally transform organizations and strive to delight their customers.
We have more than 28,900 employees and are present in 33 countries across 5 continents, working for companies like Google, Electronic Arts, and Santander, among others.We were named a Worldwide Leader in AI Services (2023) and a Worldwide Leader in CX Improvement Services (2020) by IDC MarketScape report.We are the fastest-growing IT brand and the 5th strongest IT brand globally (2024), according to Brand Finance.We were featured as a business case study at Harvard, MIT, and Stanford.We are active members of The Green Software Foundation (GSF) and the Cybersecurity Tech Accord.Contact: [email protected] Sign up to get first dibs on press news and updates.For more information, visit www.globant.com
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Artificial Intelligence
Value-Added Resellers (VARs) Software Market Size to Grow at a CAGR of 11% | Valuates Reports
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BANGALORE, India, June 27, 2024 /PRNewswire/ — Value-Added Resellers (VARs) Software Market is Segmented by Type (On-premise, Cloud-based), by Application (Large Enterprises, SMEs): Global Opportunity Analysis and Industry Forecast, 2024-2030.
The Global Value-Added Resellers (VARs) Software Market was valued at 550 million USD in 2023 and witnessed a CAGR of 11% during the forecast period 2024-2030.
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Major Factors Driving the Growth of Value-Added Resellers (VARs) Software Market
The value-added reseller (VAR) industry is expanding as a result of numerous important causes. The growing complexity of technological solutions, which necessitates specialist knowledge to customize goods to match particular client needs, is one important factor. VARs’ ability to provide specialized solutions that go above and beyond the original products makes them more appealing to companies searching for streamlined, integrated systems. The demand for VARs is also increasing due to the growth of cloud computing and digital transformation initiatives across various industries, since they offer vital services including integration, support, and consulting. Businesses must look for VARs in order to obtain a technology advantage and boost operational efficiency due to the competitive marketplace.
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TRENDS INFLUENCING THE GROWTH OF THE GLOBAL VALUE-ADDED RESELLERS (VARS) SOFTWARE INDUSTRY
The market for VAR software is mostly driven by large organizations’ embrace of cloud-based solutions. Cloud solutions are becoming more and more popular among large organizations because of their affordability, scalability, and flexibility, which allow them to effectively manage enormous volumes of data and intricate IT infrastructures. Cloud technologies facilitate worldwide collaboration and remote work, which are crucial in today’s dispersed work contexts. VARs are essential to this shift because they offer knowledge and experience with cloud migration, integration, and continuous support. They support businesses in tailoring cloud solutions to particular use cases, guaranteeing a smooth transition from old to new systems, and upholding strict security and regulatory requirements. Large enterprise IT environments are complicated, requiring specialist assistance and customized solutions, which VARs are well-positioned to provide.
Another important driver propelling the growth of the VARs software market is the increasing number of small and medium-sized businesses (SMBs) implementing cutting-edge software solutions. SMBs are realizing more and more how crucial it is to use technology to enhance customer experiences, streamline processes, and stay competitive. These companies, however, frequently lack the internal knowledge necessary to setup and oversee sophisticated software systems. SMBs may more easily embrace and profit from cutting-edge software solutions when VARs offer the required knowledge and assistance. VARs fuel market growth by enabling SMBs to compete with larger organizations through the provision of scalable and inexpensive solutions. The market for VAR software is developing as a result of SMBs’ tendency toward digital transformation and their increasing reliance on specialist software solutions.
The VARs software sector has undergone a transformation thanks to the emergence of cloud computing and Software-as-a-Service (SaaS) models. Cloud-based solutions are very appealing to companies of all sizes because they provide several benefits, such as lower upfront costs, scalability, and remote access. By adding cloud solutions into their portfolios, VARs have profited from this trend and given their clients the efficiency and flexibility they require in the fast-paced business world of today. In example, SaaS models give companies access to advanced software without requiring hefty infrastructure investments. The move to cloud computing has increased the importance of VARs because they now offer cloud-based solution integration, deployment, and continuing maintenance. The market for VAR software is expanding due to the growing demand for cloud solutions.
One of the main factors propelling the VARs software industry is the need for integration and customized services. Software solutions that may be customized to a business’s unique workflows and connected with current systems are frequently needed. These services are best provided by VARs, who also offer seamless interaction with other enterprise apps and bespoke software setups. The ability to customize solutions to specific business requirements and guarantee compatibility with current systems improves VARs’ overall value proposition. For companies with complicated IT environments, where off-the-shelf software solutions might not work well, customization and integration services are especially crucial. VARs help companies maximize their software investments and boost operational effectiveness by attending to these needs. The market for VAR software is growing due to the rising need for tailored software solutions and seamless integration.
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VALUE-ADDED RESELLERS (VARS) SOFTWARE MARKET SHARE
Because of its technological leadership and mature market, North America—especially the United States—represents a large portion of the VARs software market. The supremacy of the region can be attributed to its strong IT infrastructure, high adoption rates of cutting-edge technology, and a large presence of top software providers. Specialized software and VAR services are in high demand since North American businesses are quick to adopt novel solutions in order to remain competitive. The region’s emphasis on digital transformation and large investments in cybersecurity, cloud computing, and data analytics are driving the market for VAR software. Additionally, the regulatory landscape in industries like banking and healthcare demands tailored software solutions in order to maintain compliance, which increases the demand for VAR services.
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Artificial Intelligence
Senior Data Leaders from Travel and Hospitality Industry to Discuss Sector’s Unique Challenges at CDO Travel & Hospitality Exchange
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LONDON, June 27, 2024 /PRNewswire/ — Following its hugely successful launch in 2023, the CDO Travel & Hospitality Exchange returns for its second year on 11-12 September 2024 at Hilton Syon Park in London. Bringing together senior data leaders from across the world of travel and hospitality for two days of learning, discussion and networking, attendees will gain unique insights on harnessing data for operational excellence, building world-class data teams and enhancing customer experience through effective use of data.
The multitude of systems and suppliers integral to the functioning of the travel and hospitality industry creates a distinct set of challenges in terms of data organisation and governance, with many data leaders feeling as though they are not maximising their organisation’s data potential. Coupled with the introduction of new legislation and the pressure to keep up with continually evolving customer expectations, a data leader’s role within travel and hospitality organisations has become increasingly demanding.
The CDO Travel & Hospitality Exchange agenda has been designed to address the complexities of implementing effective data strategies, helping travel and hospitality businesses to thrive in today’s data-driven world. With 70 select data leaders from the travel and hospitality industry in attendance and a variety of unique activity formats including industry-specific roundtables, plenary presentations and one-to-one meetings with solution providers, the Exchange format provides a tailored, unique platform to explore fresh solutions to real-world challenges that data leaders in this sector face.
The world-class speaker faculty is comprised of thought leaders from some of the travel and hospitality industry’s most recognisable brands, including Hirra Sulanki, Group Head of Digital Analytics & Optimisation at TUI, Gillian Cossey, Global Data Protection Officer at Virgin Atlantic, and Nick Beresford, Head of Data & Analytics at Heathrow Airport. Attendees will come away with the expert knowledge and actionable insights needed to create data-driven change within their organisations.
Other agenda highlights include a presentation on ‘The Ongoing Battle Between Modernisation and Legacy Systems’ by Philip Cotton, Head of Customer, Trending & Trading Insight at On the Beach. The event’s closing panel discussion on ‘Navigating the Path to Data Maturity’, notably featuring Andrea Ferrari, Director of Planning & Forecasting at Silversea Cruises, also promises to be an enriching discussion that will enable attendees to visualise the optimal data architecture, team structure and strategies needed for their organisation to excel.
Attendance at the CDO Travel & Hospitality Exchange is by invitation only. To be part of the conversation, network with fellow travel and hospitality data leaders and discover valuable solutions for your organisation, request your invitation by clicking here. For more information on the agenda and speaker lineup, visit the event website here.
Join us in shaping the future of data-driven success in travel and hospitality.
Media contacts: Kazia Green, [email protected]
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