See full analysis Learn more 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 Hi, Would you like a quick online demo of our service from an experienced member of our team? Yes No