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Global edge computing investment will reach $232 billion in 2024
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Author : JIUZHOU
Update time : 2024-06-07 10:17:56
A data company predicts that global edge computing spending will reach $232 billion in 2024. By 2027, global edge computing spending will reach nearly $350 billion.
A data company predicts that businesses and service providers will spend more on technology for edge solutions by 2027. This includes hardware, software, and services. We expect the spending trend to continue.
Relevant personnel said:
"Edge computing will play a key role in the deployment of artificial intelligence applications."
"Many institutions need to use edge computing to be more scalable and efficient."
"OEMs, ISVs and service providers are taking advantage of this market opportunity to expand feature sets. Enable artificial intelligence at the edge."
A data company organizes edge ICT spending into 500 specific enterprise use cases in six areas across 19 industries.
Companies in the service provider industry make investments in edge service delivery. These investments focus on infrastructure spending for multi-access edge computing, content delivery networks, and virtual network functions. Collectively, these three scenarios will represent almost 22% of all edge expenditure this year.
Businesses and government are using cutting-edge technology with large investments and growth expected until 2027.
This includes improved maintenance and asset management. It also includes AI-enhanced supply and logistics, improved diagnostic and treatment systems, and resilient supply chains. Additionally, it involves remote patient monitoring at home and personalized marketing in stores.
Among enterprise end-user industries. Discrete and process manufacturing will dominate the majority of edge solution investments this year. Retail and professional services industries follow this.
The analytics company predicts that all 19 corporate sectors will grow at a rate of 15% over the next five years. This means that we expect each sector to experience steady growth.
We project that the growth rate will remain consistent across all sectors. The prediction is for a 15% growth rate in each sector over the next five years. Analysts project that the service providers' segment will experience the highest CAGR of 19.1%.
Most of the investments will focus on hardware, making up about 40% of total spending. This is to improve edge capabilities, especially in service provider infrastructure.
Expenditure on edge gateways, servers, and network equipment will propel hardware investment. Businesses will increasingly use Provisioned Services over hardware by 2026.
In the world of services, Connectivity and IaaS will be the most important and fastest growing categories, respectively.
On-site software will be important for edge infrastructure, but it will be the smallest category in spending.
A data company predicts that businesses and service providers will spend more on technology for edge solutions by 2027. This includes hardware, software, and services. We expect the spending trend to continue.
Relevant personnel said:
"Edge computing will play a key role in the deployment of artificial intelligence applications."
"Many institutions need to use edge computing to be more scalable and efficient."
"OEMs, ISVs and service providers are taking advantage of this market opportunity to expand feature sets. Enable artificial intelligence at the edge."
A data company organizes edge ICT spending into 500 specific enterprise use cases in six areas across 19 industries.
Companies in the service provider industry make investments in edge service delivery. These investments focus on infrastructure spending for multi-access edge computing, content delivery networks, and virtual network functions. Collectively, these three scenarios will represent almost 22% of all edge expenditure this year.
Businesses and government are using cutting-edge technology with large investments and growth expected until 2027.
This includes improved maintenance and asset management. It also includes AI-enhanced supply and logistics, improved diagnostic and treatment systems, and resilient supply chains. Additionally, it involves remote patient monitoring at home and personalized marketing in stores.
Among enterprise end-user industries. Discrete and process manufacturing will dominate the majority of edge solution investments this year. Retail and professional services industries follow this.
The analytics company predicts that all 19 corporate sectors will grow at a rate of 15% over the next five years. This means that we expect each sector to experience steady growth.
We project that the growth rate will remain consistent across all sectors. The prediction is for a 15% growth rate in each sector over the next five years. Analysts project that the service providers' segment will experience the highest CAGR of 19.1%.
Most of the investments will focus on hardware, making up about 40% of total spending. This is to improve edge capabilities, especially in service provider infrastructure.
Expenditure on edge gateways, servers, and network equipment will propel hardware investment. Businesses will increasingly use Provisioned Services over hardware by 2026.
In the world of services, Connectivity and IaaS will be the most important and fastest growing categories, respectively.
On-site software will be important for edge infrastructure, but it will be the smallest category in spending.
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