Edge spending on track to hit $176 billion this year

Enterprises and service providers alike are preparing to spend big to unlock the benefits of edge computing.
IDC on Thursday predicted that global spending on hardware, software and services for edge solutions will reach $176 billion this year, up 14.8 percent on 2021. As momentum accelerates and more players want in on the market, spending is forecast to grow to $274 billion by 2025.
“In the service provider segment, a five-year compound annual growth rate (CAGR) of 21.6 percent reflects