Edge Computing

• [New] Between 2019 and 2028, cumulative capital expenditures of up to $800 billion USD will be spent on new and replacement IT server equipment and edge computing facilities.
• [New] Europe is another key market for edge computing that is anticipated to clock 10.4% CAGR over the forecast period of 2017-2022, for the region to be worth US$ 3,319.4 mn by 2022 end.
• [New] Among the cloud majors, Google Cloud has lagged behind Amazon AWS and Microsoft Azure in market share, but in the past year has made a very targeted bid for the high growth that is expected in the telco cloud sector, on the back of 5G and edge computing.
• Verizon customers will be able to tap into the combination to deploy a fully managed private mobile edge compute network within their on-premises environment that can handle low-latency applications.
• Edge computing will be a catalyst for innovation across industries, delivering new solutions and allowing businesses to rethink how they work.
• There is a huge opportunity for edge to digitally transform UK businesses - which we are already seeing through the role of mobile edge computing in the telecommunications sector, and the relationship between edge computing and connected and autonomous vehicles.
• Given the increase in the use of Edge Computing expected in the years to come, it is important that consideration is given now to whether the UK is developing a talent pool of IT professionals the technology sector will need to support and guide business use of Edge in the coming years.
• The value of the global edge computing market is estimated to reach $3.5 billion by 2027.
• By 2025, Cloud Computing will lead the ICT infrastructure market and Edge Computing will become an exponentially growing market, according to Reply's new research From Cloud to Edge, made possible by Reply's Trend SONAR proprietary data-driven platform and the support of Teknowlogy Group.
• Quantum computing By 2025, Europe will have its first computer with quantum acceleration paving the way for Europe to be at the cutting edge of quantum capabilities by 2030.
• 89% of the 230 UK IT decision-makers surveyed believe that edge computing will be important to their business over the next ten years.
• Edge computing (processing outside a traditional centralized data center or cloud) will account for 75% of enterprise-generated data by 2025, up from just 10% in 2018.
• 2022 will see use cases for edge computing and integrated IoT solutions rise dramatically and pave the way for more expansive adoption across global enterprises.
• By 2028, cumulative capital expenditures of up to $800 billion will be spent on new and replacement IT server equipment and edge computing facilities.
• Expanding at a CAGR of 10.3% over the forecast period, the North America edge computing market is likely to be worth US$ 5,696.6 mn by the end of 2022.
• The global edge computing market is anticipated to rise steadily in the upcoming years on the back of challenges arising from the excessive use of traditional cloud computing architecture.
• Edge computing is forecast to grow tremendously in the coming years as digital services mature and require distributed computing resources.
• In the next 5 five years Edge Computing will be an exponentially growing market in all Europe-5 and Big-5 clusters' countries.
• By 2022, the Edge computing market is assessed to be billions of dollars.
• To unlock cloud computing potential for self-driving vehicles, Cruise will leverage Azure, Microsoft's cloud and edge computing platform, to commercialize its autonomous vehicle solutions at scale.
• By 2025, cloud computing will lead the ICT infrastructure market, and edge computing will become an exponentially growing market.
• Germany will be the biggest European market for both Cloud Computing and Edge Computing; the USA will be the dominant market worldwide.

Last updated: 18 April 2021