Edge computing global spend to hit $250 billion by 2024, says IDC

Global spending on edge computing will hit $250 billion (£193.2bn) by 2024, according to IDC, led by a future of 'extraordinary value and opportunity.'

According to IDC's nascent Worldwide Edge Spending Guide, the market as defined will see a CAGR of 12.5% between the 2019 and 2024 forecast period.

Of that figure, the services market - taking into account professional and provisioned services - will account for almost half (46.2%) of all edge spending by 2024. Hardware...

Cloud vendors will take two thirds of edge service revenue, report predicts

The edge computing opportunity is an enticing one for cloud providers, telecoms operators, as well as enterprises. Yet according to a new market analysis, as much as two thirds of service revenue will fall to the cloud players.

The Edge Computing 2020 report, from analyst firm Mobile Experts, anticipates the global market for edge computing services to grow to approximately $7 billion in 2025. This makes for an interesting comparison with Frost & Sullivan, who assesses the...