The cutting edge: Trends to watch in 2023 for edge computing

Edge computing has gained in significance as the Internet of Things and data volume have expanded. We examine the cutting-edge trends to watch in 2019.

Edge computing enables data to be processed at the source rather than being sent to a centralised data centre, reducing latency and increasing the speed of data processing. This is a result of the increasing number of connected devices, including Internet of Things (IoT) devices, that generate massive amounts of data. Real-time insights, better decision-making, and enhanced effectiveness follow from this.

Many causes, including the rise of 5G networks, the rise of IoT devices, and the necessity for real-time data processing, are behind the rising need for edge computing. Edge computing technologies are now being used in new applications like autonomous vehicles and smart cities thanks to the expansion of 5G networks. The edge computing market is anticipated to expand rapidly in the upcoming years; according to certain industry analysts, the market will reach US$132 million by 2028.

The edge computing trends to watch in 2023 are highlighted below.

1: Continued Edge expenditure

The edge computing industry will expand at a compound annual growth rate (CAGR) of 21.6% between 2022 and 2028 to reach an estimated $132.11 million, claims data from ReportLinker. Future growth was projected to be much greater in the "2022 Global Edge Computing Market study," which predicted the market will reach $90 billion by 2030.

2: The development of 5G 5G will provide the extremely low latency needed by many edge computing applications. As networking speeds increase, remote sensors may be able to provide real-time updates about the connected equipment. A new set of tools with more advanced capabilities will be needed to handle the growth in real-time processing.

3: A growing amount of data

According to market research and consumer data company Statista, there will be 29.4 billion IoT devices in use worldwide by 2030, up from 15.1 billion in 2023. The statistics were raised even higher by IDC, which predicted that by 2025 there will be 55.7 billion IoT devices, producing up to 80 zettabytes of data.

4: A target is Edge.

Threat actors are increasingly viewing IoT devices and edge computing use cases as prime targets as a result of the expanding quantity of these technologies. According to the AT&T Cybersecurity Insights Report: Protecting the Edge, 74% of the security, IT, and line-of-business leaders polled believed their company was likely to be infiltrated.

5: The importance of containers

Hyperscale cloud providers are starting to realise how well-suited containers and Kubernetes are as an edge platform. Core services, persistent storage, high availability, and durability can all be offered via containers and storage that is native to containers. Moreover, it can facilitate effortless edge-to-cloud migration with little effort.

6: 6G is approaching.

Sixth-generation wireless, or 6G, networks will use frequencies and capacities that are higher than those of 5G. Additionally, 6G will present new opportunities, with distributed computing expected to play a significant role. This is similar to how 5G capabilities increased edge computing and promoted new edge computing use cases.