IDC: Global edge computing investments to hit $232bn in 2024

Analyst firm IDC has got the abacus out again – and has forecast that worldwide spending on edge computing could hit $232 billion (£181.1bn) in 2024.

The figure is an increase of 15.4% on 2023, based on IDC’s Worldwide Edge Spending Guide, with the analyst citing artificial intelligence (AI) use cases as the primary growth driver.

IDC noted various emerging use cases to watch for, ranging from construction and utilities to retail; autonomous mining operations, site...

Global spending on edge computing to grow nearly 15% in 2022

Global Perspective

Global spending on edge computing in 2022 is expected to increase 14.8% over 2021 spending to reach $176 billion (£129.5bn).

Strong growth is forecast to continue well into 2025, when spending will reach roughly $274 billion (£201.5bn) according to leading market research firm International Data Corporation (IDC).

IDC’s latest 'Worldwide Edge Spending Guide' expects enterprise adoption of edge computing to facilitate the bulk of global growth.

Edge hardware...