Innovating At The Edge
The worldwide edge computing market is predicted to reach approximately $250 billion in 2024, according to research firm IDC. An impressive 46 percent of all edge spending by 2024 will be in the form of services, followed by hardware at 32 percent, and then edge-related software at 22 percent. That leaves the door open for a wide swath of edge computing startups to assist businesses seeking to collect, secure, and process the explosion of data being generated at the edge.
But the edge still means many things to many different businesses and upstarts. For some companies, it means extending compute, storage, and data analytics to new places – like hospital parking lots or curbside locations for retail locations as a result of the COVID-19 pandemic. For others, it refers to not only the branch office anymore, but anywhere the employee is working, even their homes. Businesses are often working with a variety of vendors to tackle edge, including the Secure Access Service Edge (SASE) players, edge computing application automation software providers, and edge colocation vendors, to name a few.
From market newcomers to upstarts with a few years of experience under their belts, here are ten of the hottest edge computing startups that were on the scene this year.