The Industrial Internet of Things (IIoT) has barely started to grow in terms of connecting devices to the cloud, and already, bandwidth costs, performance constraints, and latency requirements have forced end-users and vendors to move toward more computing, analytics, and functionality distributed to the edge. This trend demands convergence and virtualization on edge gateways and servers. Converged edge system would empower end-users to standardize multiple services, systems, and applications for near-real-time analytics. Convergence and edge computing empowers end-users to implement actionable and useful applications on-premises, while filtering the data that is sent to the cloud through edge analytics. It simply does not make sense to send every sensor reading to the cloud. Converged edge systems can store sensor data and use machine learning, physics-based simulations, and artificial intelligence (AI) on the data streams coming off any asset or process at any single location. As end-users of IIoT solutions need more edge analytics and edge computing, as many sectors collect more types of data in changing environments. Converged edge systems enable end-users to process and capture data from multiple protocols, reduce bandwidth, and lower response time. Converged edge systems solve problems in near real-time.
The global converged edge system market is primarily driven by the increasing demand for data protection and disaster recovery, by enterprises. This is primarily because converged edge system supports running legacy platforms and software, and new micro-services based applications on a hardware platform. These features enable enterprises to gain higher levels of operational efficiency through consolidating workloads running at the edge. Additionally, rising adoption of converged edge system among organizations in order to reduce operational expenditure (OPEX) and capital expenditure (CAPEX) is expected to boost the demand for converged edge system across the world. Moreover, converged edge system is a centrally managed solution that can be deployed and maintained with massive scale easily. This, in turn, is further accelerating the demand for converged edge system worldwide, as deployment is the biggest challenge for organizations. Furthermore, rising demand for lowering of costs, IT simplification, business acceleration, and risk minimization among organizations are major factors driving the global converged edge system market. Increased flexibility, improved scalability, and enhanced agility of network edge solutions provided by converged edge system are key factors that are anticipated to boost the demand for converged edge system across the globe. However, disparate data needs to be collected from multiple sources, which is restraining the converged edge system market.
The global converged edge system market can be segmented based on component, enterprise size, industry, and region. In terms of component, the market can be segregated into software and hardware. Based on enterprise size, the global converged edge system market can be divided into small and medium enterprises and large enterprises. In terms of industry, the global converged edge system market can be classified into IT & telecom, industrial and manufacturing, oil and gas, and retail.
In terms of region, the global converged edge system market can be segmented into Europe, North America, Middle East & Africa, South America, and Asia Pacific. The market in North America is estimated to expand at a substantial growth rate during the forecast period. This is primarily due to early acceptance of converged edge solutions by organizations in the region. The market in Asia Pacific is projected to expand significantly during the forecast period. The region is estimated to offer significant opportunities to the converged edge system market in the near future. Increase in industrialization and data storage concern among enterprises are propelling the demand for converged edge system. This, in turn, is driving the adoption of converged edge system in the region.
Major players operating in the global converged edge system market include Hewlett Packard Enterprise Development LP, Cisco systems Inc., VMware, Inc., Aricent Inc., and Riverbed Technology.
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