Worldwide spending on edge computing is expected to increase 13.1 percent to $208 billion in 2023, according to IDC.
Enterprise and service provider spending on hardware, software, and services for edge computing solutions is forecast to reach nearly $317 billion through 2026.
Edge use cases – content delivery networks, virtual network functions, and multi-access edge computing (MEC) – will see the largest investments in 2023. These three use cases will account for 20 percent of all edge spending this year. Service providers will invest more than $44 billion in enabling edge offerings in 2023.
The United States will be the edge spending leader throughout the forecast period delivering more than 40 percent of the worldwide total, followed by Western Europe and China. Latin America and China will experience the fastest spending growth over the five-year forecast with CAGRs of 18.1 percent and 18.0 percent, respectively.