Enterprise CIOs and CTOs continue to explore the use cases and business applications for cloud edge computing. Moreover, CEOs and CFOs continue to fund IT digital transformation initiatives that support new growth and increased profitability. Worldwide spending on edge computing will reach $208 billion in 2023 -- that's an increase of 13.1 percent over 2022. Spending on hardware, software, and services for edge solutions will sustain this pace of growth through 2026 when new investment is forecast to reach $317 billion, according to the latest global market study by International Data Corporation (IDC). Edge Computing Market Development IDC defines edge as the technology-related actions that are performed outside of the centralized data center, where the edge is the intermediary between the connected endpoints and the core IT environment. The cloud computing edge is distributed, software-defined, and flexible. The value of edge is the movement of computing resources to the physical...
TMT Market Research and Analysis