Future Prospects of Global Laboratory Proficiency Testing Market

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Laboratory Proficiency Testing Market  The global Laboratory Proficiency Testing Market is estimated to be valued at US$ 1.29 billion in 2023 and is expected to exhibit a CAGR of 7.3% over the forecast period 2023 - 2030, as highlighted in a new report published by Coherent Market Insights. Market Overview: Laboratory proficiency testing involves evaluating the performance of laboratories for a given scope of testing through inter-laboratory comparisons. It helps assess the quality and competence of laboratories by determining reproducibility and accuracy of test results. Proficiency testing products are used by laboratories to determine method validity and accuracy, and improve testing processes. Market Key Trends: One of the major trends in the laboratory proficiency testing market is the growing number of accredited medical laboratories. Accreditation assures compliance with ISO 15189 and ISO/IEC 17025 standards, which require participation in proficiency testing programs. Acc...

Edge Computing Market Analysis, Overview, Regional insights and Competitive Background

Edge computing is a method of improving cloud computing systems by processing data at the network's edge, close to the data source. Edge computing's main advantage is that it reduces operating time to milliseconds while also reducing network burden. The transmission of vast amounts of data places a huge strain on the network. Edge computing, instead of frequently broadcasting data across the network, analyses all data at the edge of its source, analyses it, and sends only important information on it. A smart thermostat, for example, only sends data when the temperature exceeds or falls below permitted levels.

The spread of Internet of Things (IoT) technology is one of the primary drivers driving the global edge computing industry forward. The rising popularity of smartphones, smart watches, and intelligent wearable gadgets, among other things, is fueling demand for IoT technologies. According to Coherent Market Insights, over 68 percent of the global population used a mobile phone in 2016, with about 2.5 billion of those using smartphones.

Edge Computing Market: Regional Insights

North America, Europe, Asia-Pacific, Latin America, the Middle East, and Africa are the regions that make up the global edge computing market. During the projected period, the market for edge computing in North America is expected to increase significantly. The development of IT infrastructure that is compatible with 4G LTE and 5G networks is credited with this rise. As a result, the adoption of broadband connectivity accelerates, and the number of smartphone customers in the region rises. According to Coherent Market Insights' estimate, over 88 percent of the United States' population, or over 280 million people, had access to the Internet in 2016. Furthermore, roughly 78 percent of the US population was documented using cellphones in November 2016. As a result of the rising demand for IoT technology, the regional edge computing market is predicted to rise at a faster rate.


Edge Computing Market
Edge Computing Market


Edge Computing Market: Competitive Background

Microsoft Corporation, IBM Corporation, Cisco Systems Inc., Google Inc., Hewlett Packard Enterprise Company, Intel Corporation, Schneider Electric SE, Nokia Corporation, Huawei Technologies Co. Ltd., and Aricent Inc. are all major competitors in the worldwide edge computing market. 

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