Edge Computing

• [New] Businesses will be in favor of spending on edge computing rather than a public cloud in 2021.
• [New] The global edge computing market size is anticipated to reach US$ 43.4 billion by 2027, exhibiting a CAGR of 37.4% over the forecast period.
• [New] Tech giant IBM is banking on 5G at CES 2020, but it's all about how edge computing on the new networks will help push the internet of things.
• [New] 5.6 billion IoT devices owned by enterprises and governments will utilise edge computing for data collection and processing in 2020.
• Forrester forecasts that the edge cloud service market will grow by at least 50% in 2020, while IDC predicts that by 2022, 45% of IoT-generated data will be stored, processed, analyzed and acted upon close to or at the network edge.
• The worldwide edge computing market is predicted to reach approximately $250 billion in 2024, with a compound annual growth rate of 12.5% over the next four years.
• Global spending on edge computing will grow an average of 12.5% a year between 2019 and 2024, when it will reach $250.6 billion.
• In Edge Computing, Mobile Experts anticipates the global market for connected edge computing services to grow to about $7 billion in 2025.
• The market for 5G cellular connections in manufacturing is expected to reach US$ 10.8 billion by 2030, at a Compound Annual Growth Rate of 187%.
• The overall edge computing market is expected to grow from US$ 1.17 Billion in 2016 to US$ 7.97 Billion by 2024, at a CAGR of 39.06% from 2018 to 2024 in the given forecast period.
• The worldwide edge computing market will reach $250.6 billion in 2024 with a compound annual growth rate of 12.5% over the 2019-2024 forecast period.
• By 2022, the edge computing market will be worth $7 billion.
• The global edge computing market will hit USD 6.72 trillion within 2 years and that by the end of 2021 the number of IoT devices will exceed 30 billion.
• The global edge computing market is expected to grow USD 15.7 billion by 2025, at a Compound Annual Growth Rate of 34.1% during the forecast period.
• The global edge computing market is expected to reach USD 6.72 billion by 2022 at a CAGR of 35.4%.
• Despite being in a nascent stage, the multi-access edge computing market - an edge computing commercial offering from operators in wireless networks - is estimated to grow at an astounding compound annual growth rate of 157.4%, garnering a revenue of $7.23 billion by 2024 from $64.1 million in 2019.
• The global multi-access edge computing market might range between $1.5 billion and $5 billion by about 2025, when Starlink might hope to have increased its fleet closer to 42,000 satellites.
• The edge computing market is forecasted to grow by a CAGR of 19.9% by the end of 2025.
• By 2022, over 40% of organizations' cloud deployments will include edge computing, and 25% of endpoint devices and systems will execute AI algorithms.
• In 2020, more than 50% of European organizations' cloud deployments will include edge computing and 20% of endpoint devices and systems will execute AI algorithms.
• 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.
• 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.

Last updated: 17 January 2021