Edge computing refers to the deployment and use of computer processing, data storage, and analytics capabilities close to the places where data is collected and where digital content and applications are consumed. According to GlobalData forecasts, total global spending by enterprises on edge computing amounted to $8.6 billion in 2020.
- The benefits of edge computing include the higher performance and cost savings that can be achieved when developing, hosting, and powering applications closer to points of consumption. They also include making faster decisions about data collected from internet-connected sensors on factory floors, transportation networks, retail outlets, and many other locations.
- According to GlobalData forecasts, total global spending by enterprises on edge computing amounted to $8.6 billion in 2020. We predict that global spending by enterprises on edge computing will reach $9.6 billion by the end of 2021, up 11% on the previous year, and $17.8 billion by the end of 2025. The compound annual growth rate (CAGR) between 2020 and 2025 will be nearly 16%.
- The US is the biggest geographic market for enterprise spending on edge computing, hitting $3 billion in 2020. China and Japan are also important territories, although they are significantly smaller than the US.
- This report provides an overview of the edge computing theme.
- It identifies the key trends impacting growth of the theme over the next 12 to 24 months, split into three categories: technology trends, macroeconomic trends, and regulatory trends.
- It includes comprehensive industry analysis, including forecasts for enterprise spending on edge computing to 2025.
- It contains details of M&A deals driven by the edge computing theme, and a timeline highlighting milestones in the development of edge computing.
- The detailed value chain shows comprises six categories of edge computing: device edge, remote edge, branch edge, enterprise edge, telco or MEC edge, and cloud edge. Leading and challenging vendors are identified across all six categories.
Reasons to Buy
- Edge computing is widely seen as one of the hottest topics in IT. By decentralizing computing and other IT resources and positioning them closer to where digital applications and services are consumed, edge computing promises to unlock multiple benefits for end-users.
- This report provides an invaluable guide to this important theme, including details of the leading players and up-to-date market forecasts.