According to the International Data Corporation (IDC) Worldwide Edge Spending Guide, global spending on edge computing is estimated to reach $228 billion in 2024, marking a 14% increase from 2023.

This includes combined enterprise and service provider spending on hardware, software, professional services, and provisioned services for edge solutions. The forecast anticipates sustained strong growth through 2028, with spending expected to be near $378 billion, growing at a solid double-digit CAGR.
According to IDC, the edge encompasses the technology-related actions outside of centralized data centers, serving as an intermediary between connected endpoints and the core IT environment.

Edge is a crucial technology infrastructure that extends and innovates on the capabilities found in core datacenters, whether enterprise- or service-provider-oriented. The edge ecosystem comprises various technologies and services, including computing infrastructure (such as servers, storage, and networking equipment), diverse software (such as system infrastructure, security, and application development and deployment), as well as professional implementation and management services and provisioned services delivering cloud-based technologies.

Based on idc.com story by Alexandra Rotaru, Michael Shirer, September 10, 2024