Cloud Computing In Industrial IoT – Global IaaS Storage And Related Computing Revenue To Reach $42.9 Billion By 2025: ResearchAndMarkets

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  • Virtualised servers in support of the multi-access edge computing market will reach $127 million market by 2025
  • Driven by enterprise-hosted deployment, the mobile edge computing as a service market will reach $104.3 million by 2025
Image for representation (Pic credit -queensu.ca)

The cloud computing in industrial IoT Global IaaS Storage and Related Computing revenue will reach $42.9 billion by 2025 as per a report by ResearchAndMarkets. It also said that Global cloud computing revenue will reach $342 billion by 2025 at 24.8 per cent CAGR. Virtualized servers in support of the multi-access edge computing market will reach $127 million market by 2025.

Enterprise and industrial focused businesses have many telecom and IT-related decisions to make about ICT infrastructure and services. Two of the most important areas are cloud computing and Internet of Things (IoT). Mobile Edge Computing (MEC) in particular is anticipated to become a major complement to enterprise computing infrastructure.

Edge accelerated Web browsing will represent a $67.8 million market by 2025

It added, “While both computing and IIoT require considerable planning and often considerable investment, the payoff is quite substantial for companies that make the right decisions about integrating new technologies with existing systems and processes.”

Manufacturing, industrial automation, and robotics are key sectors that will benefit substantially from MEC. Breaking down the market by category of use, edge accelerated Web browsing will represent a $67.8 million market by 2025.Driven by enterprise-hosted deployment, the mobile edge computing as a service market will reach $104.3 million by 2025 added the report. Driven by private LTE and 5G networks for the industrial segment, the largest industrial vertical for MEC will by manufacturing. Driven by smart factories, the multi-access edge computing market in support of manufacturing in Asia will reach $257.4 million by 2025.

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