Security News > 2022 > January > Spending on edge computing to reach $176 billion in 2022

Worldwide spending on edge computing is expected to be $176 billion in 2022, an increase of 14.8% over 2021.

Enterprise and service provider spending on hardware, software, and services for edge solutions is forecast to sustain this pace of growth through 2025 when spending will reach nearly $274 billion, according to the International Data Corporation Worldwide Edge Spending Guide.

"Edge computing continues to gain momentum as digital-first organizations seek to innovate outside of the datacenter," said Dave McCarthy, research vice president, Cloud and Edge Infrastructure Services at IDC. "The diverse needs of edge deployments have created a tremendous market opportunity for technology suppliers as they bring new solutions to market, increasingly through partnerships and alliances."

Retail and professional services will also see spending of more than $10 billion on edge computing in 2022 while all 19 industries profiled in the Spending Guide will experience double-digit spending growth over the five year forecast period.

"In the service provider segment, a five-year compound annual growth rate of 21.6% reflects the edge infrastructure buildout underway to deliver edge cloud services. For enterprise edge technology buyers, growing at a 14.1% CAGR, provisioned services such as IaaS will grow significantly and capture an increasing share of total expenditures over the forecast period," said Marcus Torchia, research vice president, Customer Insights & Analysis group.

From a geographic perspective, the United States will be the largest investor in edge solutions with spending forecast to reach $76.5 billion in 2022.

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https://www.helpnetsecurity.com/2022/01/28/edge-computing-spending-2022/