Until now, edge computing has held a great deal of promise but without much practical application. In 2021, this is set to change. According to industry experts from Forbes, Forrester and the IDC, we will see the concept of the edge becoming much more widespread among the general population in 2021. Much like everyone knows the term “cloud”. “Until now, edge computing was promising but still developing,” Forrester said of its 2021 predictions. “In 2021, new business models will emerge that facilitate the deployment of edge in production.”
The IDC predicts that the edge computing market worldwide will rise to $250.6 billion by 2024. And Dave McCarthy, the firm’s research director of edge strategies, believes that edge products and services will power the next wave of digital transformation. “Until now, edge computing was promising but still developing. In 2021, new business models will emerge that facilitate the deployment of edge,” Forrester said in a summary of its predictions.
We already know is that the COVID-19 pandemic accelerated many technology trends already in motion. And edge computing is no exception.
What will drive the trend in 2021?
Data centre marketplaces emerge as edge hosting options
Edge computing technology has to sit as close to “the action” as possible. It can be in a data centre off premises but that data centre should ideally be close by. In 2021, a promising new option will emerge that unites smaller, local data centres in a cooperative marketplace model. These marketplaces locate and link small, widely distributed data centres so that applications can be hosted closer to the populations they serve.
5G will boost adoption among private enterprises
If any term could challenge edge computing as the buzzword for 2021, it’s 5G. When looking at how 5G will boost edge computing in 2021, the focus is on private, not public, networks. According to Forrester, private 5G – a network dedicated to a specific business or location like a warehouse or factory – will enable business infrastructure such as warehouse robots and mechanised factory machinery because it offers local processing and low-latency networks.
Funding will shift to the edge, complementing cloud
Keith Higgins, VP of digital transformation for Rockwell Automation, describes edge as the new cloud. “Edge computing will complement existing cloud infrastructure by enabling real-time data processing where the work takes place: motors, pumps, generators, or other sensors.” In 2021, the public cloud market will experience a growth decrease due to market maturation and much of this attention will shift towards the edge computing market. This doesn’t mean the end of public cloud, it just means that some of the money that would otherwise have gone towards cloud expansion will now be earmarked for edge computing investments.
In 2021, new business models will push edge computing “from science project to real value”. Are you ready to embrace the trend? At Nebula, it’s our job to help businesses navigate all aspects of their digital transformation journey. If you’d like to find out more about what we do complete the form below and we’ll get back to you.