Summary:
1. The Asia-Pacific Space-Based Edge Computing Market is projected to grow at a CAGR of 22.74% from USD 20.1 million in 2022 to USD 181.8 million in 2033, driven by technological advancements and increasing demand from the military industry.
2. India dominates the space segment in the Asia-Pacific region but lags in development and research in the space-based edge computing market compared to other regions.
3. The increasing need for resilient operations within communication networks is driving greater demand for space-based edge computing capabilities, which are being integrated into satellite-based communications networks globally.
Further details can be found in the original article published on finance.yahoo.com.
Article:
The Asia-Pacific Space-Based Edge Computing Market is on track for significant growth in the coming years, with a projected CAGR of 22.74% from 2022 to 2033, reaching USD 181.8 million. This growth is attributed to technological advancements and the rising demand from the military industry. The region’s abundance of manpower and resources supports intensive research, development, and production activities related to space-based edge computing, with several launches planned in the near future driving an increase in demand for solutions. While India dominates the space segment in the Asia-Pacific region, it lags behind in development and research in the space-based edge computing market compared to other regions.
The concept of edge computing, dating back to the 1990s with the introduction of Akamai’s content delivery network (CDN), has evolved significantly over time. Space-based edge computing has gained popularity due to the growing need to move data centers into space and reduce latency through satellite constellations in low Earth orbit (LEO), opening up new opportunities for cost-effective edge computing components through increased research and development efforts. The market segmentation includes end users such as commercial entities, defense organizations, and civil government agencies across various countries within Asia-Pacific.
The increasing need for resilient operations within communication networks is fueling greater demand for space-based edge computing capabilities, which are being integrated into satellite-based communications networks globally. With rapid developments taking place across various sectors, it’s imperative for stakeholders to understand these emerging markets to take advantage of revenue opportunities that are expected to evolve as a result of ongoing developments. This article was originally published on finance.yahoo.com.