Edge Computing Investments Will Reach $232 Billion In 2024, Study Finds
FutureCIO, Wednesday, March 20th, 2024
Global spending on edge computing is projected to increase by 15.4% from 2023 to $232 billion in 2024, according to a new forecast from the International Data Corporation (IDC) Worldwide Edge Spending Guide.
Sustained growth
Experts project edge computing spending to sustain growth and reach almost $350 billion in 2027 through combined enterprise and service provider spending across hardware, software, professional services, and provisioned services for edge solutions.
"Edge computing will play a pivotal role in the deployment of AI applications," said Dave McCarthy, research vice president, Cloud and Edge Services at IDC. "To meet scalability and performance requirements, organisations will need to adopt the distributed approach to architecture that edge computing provides. OEMs, ISVs, and service providers are taking advantage of this market opportunity by extending feature sets to enable AI in edge locations."