This week, the first 5G edge computing center by Tencent Cloud is officially open to the public.
According to the official introduction, this computing center located in Binhai New Area means to show off Tencent Cloud’s cutting-edge products its one-stop product matrix in the fields of hardware, network, platform, and multiple levels of applications.
The accessibility of this center indicates that the insufficiency due to the lack of computing powers in the fields of network latency, smart communities, smart medical care, and industrial Internet will be problems of the past.
5G edge computing is the core focus of major tech companies such as Intel and Huawei, both making improvements in their corresponding product lines.
In this market, Tencent’s advantage of achieving differentiated competition lies in its self-operated business model, self-production of business needs, and its operating experience in fields such as the video and the gaming business, etc.
According to a report released by Fior Markets, the global edge computing market is expected to grow from $2.8 billion in 2019 to $18.3 billion in 2027. Furthermore, it will grow at a compound annual growth rate of 26.5% during the forecast period of 2020–2027. According to CCID Consulting Company Limited’s forecast, China’s edge computing market will reach $4.8 billion in the year 2021. In addition, due to the increase of technological acceptance in North America and the influx of suppliers. It is foreseen that North America will occupy the largest market share of 42.32% in the global edge computing market.