Blockchain Press Releases

Edge Computing Market size worth $ 11.92 Billion, Globally, by 2028 at 23.97% CAGR: Verified Market Research®

Published

1 year ago

August 1, 2023

The “Global Edge Computing Market Size By Component, By Application, By Vertical, By Geographic Scope And Forecast” report has been published by Verified Market Research®. The report provides an in-depth analysis of the global Edge Computing Market, including its growth prospects, market trends, and market challenges.

JERSEY CITY, N.J., Aug. 1, 2023 /PRNewswire/ — The Global Edge Computing Market is projected to grow at a CAGR of 23.97% from 2021 to 2028, according to a new report published by Verified Market Research®. The report reveals that the market was valued at USD 2.98 Billion in 2020 and is expected to reach USD 11.92 Billion by the end of the forecast period.

Download PDF Brochure: https://www.verifiedmarketresearch.com/download-sample?rid=35584

Browse in-depth TOC on “Edge Computing Market“

202 – Pages
126 – Tables
37 – Figures

Real-Time Data Processing and the IoT Revolution Fuel Growth in the Edge Computing Market

As the demand for real-time data processing and the increasing implementation of Internet of Things (IoT) technologies transform the digital landscape, the edge computing market is expanding quickly. By utilising decentralised processing capacity, edge computing, which is used to describe computational facilities close to data sources, enables mobile computing and Internet of Things applications. This technology, in contrast to conventional data centres, processes data directly on devices, minimising the need for internet traffic and encouraging quicker decision-making.

Edge computing has become more popular as a result of the growing strain that IoT proliferation has placed on cloud infrastructure. Businesses are adopting edge computing technologies, which hasten decision-making processes, across numerous industrial verticals.

Additionally, by addressing concerns about latency and expense associated with a complete IT infrastructure move to the cloud, telecom enterprises’ increased use of edge computing creates opportunities for the Edge Computing Market. Notably, organisations using IoT devices like sensors and actuators are increasingly adopting edge computing solutions including edge nodes, devices, and hyper-localized data centres.

One of the best examples of edge computing’s potential is Purdue University. The institution uses IoT sensors and gadgets to optimise plant growth and food production operations in partnership with a vendor of edge computing solutions. Purdue can effectively gather, integrate, analyse, and publish enormous amounts of sensor data by utilising wireless and edge computing technology. This results in time and cost savings, greater research accuracy, and quicker communication.

After the COVID-19 outbreak, the market for edge computing is expected to rise significantly. Low-latency connectivity and strong network security become essential as work-from-home arrangements become the new standard and the healthcare system increasingly relies on online consultations. As a result, during the next three to four years, the demand for edge computing solutions is anticipated to skyrocket.

Edge computing has developed into a solution-specific technology with specialised hardware for a range of uses. Over the projection period, several key use cases, including 5G and network function virtualization, streaming gaming, next-generation content delivery networks (CDNs), and cloud services, are expected to see significant development. This is the first steps towards a future internet environment where edge computing is widely accessible and has user-friendly interfaces for developers.

Although the Edge Computing Market has many advantages, issues with cybersecurity and hacking could limit its expansion. For the sector to have a secure and profitable future, these issues must be resolved. Moreover, due to the current structure of edge computing, there is a lack of standardization and challenges in edge computing processes and connectivity, which is the primary restraint for the Edge Computing Market growth. The significant capital expenditure required to deploy it could be the market’s biggest stumbling block. Edge computing’s main disadvantage is that it can potentially lead to an increase in vector attacks, which could cause a market decline.

Key Players in Edge Computing Market

IBM, Cisco, HPE, Huawei, GE Digital, Saguna Networks, Dell Technologies, Cloudflare, Inc, and Microsoft are among the leading companies pushing innovation and reshaping the edge computing market. These businesses are pioneers in market share, SWOT, key development strategies, product benchmarking, and market ranking analysis.

The processing and use of data has the potential to be revolutionised as the edge computing market grows. Edge computing is positioned for considerable development in the upcoming years thanks to its capacity to supplement cloud-based solutions and support the IoT revolution. However, to fully take advantage of the potential that lie ahead, industry players must work together to overcome cybersecurity challenges.

To get market data, market insights, financial statements and a comprehensive analysis of the Global Edge Computing Market, please Contact Verified Market Research®.

Based on the research, Verified Market Research® has segmented the global Edge Computing Market into Component, Application, Vertical, And Geography.

Edge Computing Market, by Component

Hardware
Platform
Services

Edge Computing Market, by Application

Industrial Internet of Things
Smart Cities
Remote Monitoring
Others

Edge Computing Market, by Vertical

Telecommunications
Media And Entertainment
Government And Defense
Others

Edge Computing Market, by Geography

North America

U.S
Canada
Mexico

Europe

Germany
France
U.K
Rest of Europe

Asia Pacific

China
Japan
India
Rest of Asia Pacific

ROW

Middle East & Africa
Latin America

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Visualize Edge Computing Market using Verified Market Intelligence -:

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Our 250 Analysts and SMEs offer a high level of expertise in data collection and governance use industrial techniques to collect and analyze data on more than 15,000 high impact and niche markets. Our analysts are trained to combine modern data collection techniques, superior research methodology, expertise and years of collective experience to produce informative and accurate research.

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Blockchain

Blocks & Headlines: Today in Blockchain

Published

3 hours ago

January 16, 2025

Peter Tolan

Blockchain technology continues to expand its reach, influencing industries far beyond its origins in cryptocurrency. From strategic collaborations to emerging trends, today’s briefing explores key developments shaping the blockchain ecosystem. Here’s the latest.

Blockchain Lobby Groups Unite for Crypto-Friendly Advocacy

In a landmark move, eight major blockchain lobby groups in the U.S. have joined forces to push for crypto-friendly policies under the new administration. With a regulatory climate expected to favor innovation in blockchain and cryptocurrency, these organizations aim to present a unified voice to influence legislation and public discourse.

The coalition’s agenda focuses on fostering technological adoption, ensuring consumer protection, and clarifying taxation policies. This collaboration highlights the growing recognition of blockchain’s potential to drive economic transformation while addressing concerns about regulation.

Source: CoinDesk

Five Underrated Layer-1 Blockchain Tokens to Watch in 2025

As competition among blockchain platforms intensifies, several Layer-1 blockchain tokens are poised to gain significant traction this year. Analysts spotlight projects that prioritize scalability, interoperability, and developer engagement as ones to watch.

While giants like Ethereum and Solana dominate headlines, emerging players are carving out niches in sectors like decentralized finance (DeFi), gaming, and supply chain solutions. These tokens underscore the innovation flourishing within the Layer-1 ecosystem.

Source: The Crypto Basic

AI and Blockchain Drive Innovation in Mining Industry

The integration of AI and blockchain technologies is revolutionizing the mining sector. Blockchain’s immutable ledger capabilities ensure transparency in supply chain operations, while AI optimizes resource extraction and predictive maintenance.

Together, these technologies address critical challenges such as environmental impact and operational inefficiency. As sustainability takes center stage, the mining industry’s adoption of blockchain and AI represents a significant leap forward.

Source: Mining Technology

The Rapid Rise of Blockchain Mini-Games

Blockchain-powered mini-games are capturing the attention of developers and players alike, thanks to their innovative use of tokenization and play-to-earn models. These games—smaller in scope but high in engagement—offer players real ownership of in-game assets and a chance to earn rewards.

The trend’s popularity stems from its low barrier to entry and appeal to casual gamers, signaling a shift in the gaming landscape. As blockchain gaming continues to evolve, mini-games are emerging as a powerful gateway to mainstream adoption.

Source: Crypto Times

Bybit and SignalPlus Announce $100,000 USDC Global Trading Showdown

Bybit and SignalPlus have teamed up to launch a global trading competition with a $100,000 USDC prize pool. The event aims to showcase advanced trading strategies while fostering community engagement within the crypto trading ecosystem.

Participants will compete across multiple trading challenges, highlighting the growing sophistication of crypto markets. This collaboration underscores the role of competitions in promoting market education and innovation.

Source: PR Newswire

The post Blocks & Headlines: Today in Blockchain appeared first on News, Events, Advertising Options.

Blockchain Press Releases

Bybit Pledges RMB 5 Million to Support Relief Efforts Following Devastating Tibet Earthquake

Published

7 hours ago

January 16, 2025

CISION (PR Newswire)

bybit-pledges-rmb-5-million-to-support-relief-efforts-following-devastating-tibet-earthquake

DUBAI, UAE, Jan. 16, 2025 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, is deeply saddened by the devastating earthquake that struck Tibet earlier this week, leaving a trail of destruction and heartache.

The tragedy has claimed at least 126 lives, injured 188 people, and displaced tens of thousands as over 3,000 buildings collapsed in the remote region near the northern base of Mount Everest. In response, Bybit is committing RMB 5 million in collaboration with the Red Cross Society of China (RCSC) to support critical relief and recovery efforts in the affected communities.

The 7.1-magnitude earthquake, which struck on January 7, has caused widespread devastation, with extreme winter conditions complicating rescue operations. More than 14,000 rescue workers have been mobilized to search for survivors amid sub-zero temperatures and strong winds, highlighting the urgent need for immediate aid.

“As a responsible global leader in the blockchain industry, Bybit is committed to standing with communities in their time of need,” said Helen Liu, Chief Operating Officer at Bybit. “Our thoughts are with the survivors, the rescue teams, and the families affected by this tragic event. We hope our contribution will help provide much-needed relief and support the road to recovery.”

The donation will be directed towards essential services, including emergency shelter, medical supplies, and food aid, as well as long-term rehabilitation efforts. Bybit is proud to partner with RCSC to ensure swift and impactful assistance to those in need.

At Bybit, we firmly believe in the power of compassion and collaboration. This contribution reflects our commitment to fostering resilience and hope in the face of adversity.

#Bybit / #TheCryptoArk

About Bybit

Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.

For more details about Bybit, please visit Bybit Press

For media inquiries, please contact: [email protected]

For updates, please follow: Bybit’s Communities and Social Media

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Blockchain Press Releases

Bybit & SignalPlus Unveil the 100,000 USDC Global Trading Showdown

Published

15 hours ago

January 16, 2025

CISION (PR Newswire)

bybit-&-signalplus-unveil-the-100,000-usdc-global-trading-showdown

DUBAI, UAE, Jan. 16, 2025 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, and SignalPlus, an innovative social trading platform aimed at democratizing options trading for digital and crypto assets, are excited to announce the Bybit x SignalPlus 2025 Global Trading Competition. With a staggering total prize pool of 100,000 USDC, this competition promises to be the ultimate stage for traders to showcase their skills and seize lucrative rewards.

From now until February 5, 2025, 8:00 AM UTC, the competition is open to all Bybit users—excluding residents of restricted jurisdictions.. This event invites participants to engage in options, spot, or futures trading for their chance to claim a share of the impressive prize pool.

“We are thrilled to partner with SignalPlus for the Bybit x SignalPlus 2025 Global Trading Competition,” said Joan Han, Sales & Marketing Director at Bybit. “This event reflects our commitment to fostering an active and vibrant trading community. Whether you’re a novice or a seasoned trader, this competition offers a platform to enhance your trading skills and earn exciting rewards.”

Chris Yu, CEO at SignalPlus, shared his enthusiasm: “Collaborating with Bybit reflects our unwavering commitment to empowering traders with cutting-edge tools and actionable insights. This competition is a unique opportunity for participants to showcase their trading expertise and be handsomely rewarded for their achievements.”

Competition Highlights

100,000 USDC Prize Pool: Compete for your share of a massive prize pool.
Daily Rewards System: Win prizes daily, with rewards credited promptly to energize your next trades.
Team Competition: The top four (4) teams will split a 7,300 USDC prize pool. Daily, one lucky team member will win a luxury 3-day, 2-night trip to Korea or its equivalent value in USDC.
Individual Competition: The top 35 winners will share 7,702 USDC, with individual prizes ranging from 30 USDC to 2,000 USDC. Daily rankings and lucky draws offer opportunities to win up to 250 USDC.
Daily Lucky Draw: Over 21 days, 129 winners will be chosen daily, ensuring that every trade counts toward exciting rewards.
Special Bonuses: Link your Bybit API to SignalPlus for a 10 USDC rebate. Complete your first Options trade on SignalPlus to earn an additional 20 USDC rebate.

For more details on the Bybit x SignalPlus 2025 Global Trading Competition, please visit here: https://announcements.bybit.com/article/-bybit-x-signalplus-2025-global-trading-competition-returns-with-bigger-rewards-win-your-share-of-the-100-000-usdc-prize-pool–blt36f0435aff9e950f/

#Bybit / #TheCryptoArk

About Bybit

For more details about Bybit, please visit Bybit Press
For media inquiries, please contact: [email protected]
For updates, please follow: Bybit’s Communities and Social Media

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View original content:https://www.prnewswire.co.uk/news-releases/bybit–signalplus-unveil-the-100-000-usdc-global-trading-showdown-302352908.html

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