The global edge computing market is facing massive growth with the Philippines expected to be a strong market for development and growth in cloud-based services, according to GlobalData. These services target both the consumer segment and the enterprise, with enterprise spending on cloud services forecasted to grow from US$1.8 billion in 2020 to US$2.6 billion in 2024 . In addition, the report stated that the Philippines is among the first few countries within the region to launch commercial 5G services, with coverage expanding fast across the country.
As the Philippines cloud market is growing rapidly in a constantly developing IT landscape, it is crucial for both the government and businesses to adopt newer technology such as edge while keeping sustainability as a top priority.
“The need for edge is there,” said Tony Kang, Business Vice President, Secure Power Division at Schneider Electric Philippines. “Edge growth is needed to enable a connected digital world, but there also a great responsibility that comes with it. If unchecked, the edge will grow at the detriment of sustainability — this issue is what Schneider Electric is trying to help businesses prevent.”
