Edge Computing

[New] The global edge computing market will grow from $2.8 billion in 2019 to $9 billion by 2024, spurred by growing adoption of Internet of Things (IoT) across industries.
[New] According to IDC by 2022, over 40% of organizations' cloud deployments will include edge computing and 25% of endpoint devices and systems will execute AI algorithms.
The global edge computing market is set to be worth $6.72 billion by 2022, with blue chip companies such as Microsoft investing billions more into the rapidly emerging edge computing revolution.
The global edge computing market is expected to hit $6.5 billion by 2022, growing at a rate of 41%.
By the end of 2023 more than half of all large enterprises will be using edge computing for six or more use cases.
Asia-Pacific expected to be the fastest-growing edge computing market while North America and Europe poised to be the biggest markets.
The edge computing market is poised to hit US$ 9 billion by 2024, based on a report by MarketsandMarkets.
The global edge computing market, valued at USD 3.5 billion in 2019, could reach USD 43.4 billion by 2027.
Storage, computing and advanced AI and analytics capabilities will expand capabilities of edge devices through 2028.
By 2021, European enterprise spending on cloud will grow to over $100 billion and, by 2022, more than 40% of European organizations' cloud deployments will include edge computing.
The global edge computing market is set for a combined annual growth rate of 32.8% from 2018-2025, and emerging 5G networks are a major factor presenting growth opportunities.
The global edge computing market is expected to reach $16.55 billion by 2025 and create various new jobs, primarily for software engineers.
The Middle East and Africa edge computing market is expected to reach USD1.46 Bn by 2023.
10 percent of each local company's endpoint devices will perform edge computing by 2022.
The total edge computing market size is expected to grow from US$ 2.8 billion in 2019 to US$ 9.0 billion by 2024, at a CAGR of 26.5% during the forecast period.
The global edge computing market size is expected to value at $3.24 B by 2025.
The global Neuromorphic Computing, Ai Hardware And Edge Analytic Market is expected to witness high growth during the forecast period.
Edge Computing is on the rise in IoT deployments and is expected to show solid growth over the coming years.
Gartner predicted storage, computing and advanced AI and analytics capabilities will expand the capabilities of edge devices through 2028.
Edge Computing related Telecom API revenue will reach $395M in North America by 2023.
Next year will be a defining year for edge and hybrid computing strategies as IoT and the global network of sensors pile on more data than the average cloud has had to handle in the past.
Edge computing including streaming and ML app deployments on smart devices will boost the market in the out years.
IDC research predicted in 3 years, 45% of IoT-created data will be stored, processed, analyzed, and acted upon close to, or at the edge of, the network and over 6 billion devices will be connected to the edge computing solution.

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Last updated: 09 August 2020