Cloud and Edge Computing - The Stats You Need to Know for 2018
We’ve put together a rundown of the key stats and data points you need to know about cloud and edge computing, ready for 2018.
2018 will likely mark the push to real edge computing as device numbers proliferate and data centres move to be closer to their customers.
Take a look at the numbers and charts below to arm yourself with the latest facts.
“IDC estimated that overall cloud services will grow 24.4% year over year to $122.5 billion.”
“By 2020, IDC forecasts public cloud spending will reach $203.4 billion worldwide.”
“The industries that will see the fastest growth in public cloud spending over the five-year forecast period are professional services (23.9% CAGR), retail (22.8% CAGR), media (22.5% CAGR), and telecommunications (22.1% CAGR).”
“Gartner projects that IoT devices will climb to a total of 50 billion by 2020, up from 20 billion. That demand will also drive the need for edge computing.”
“By 2020, 67% of enterprise infrastructure and software will be for cloud-based offerings.”
“The global edge analytics market will grow 27.6% CAGR during the period between 2017 and 2025.”
“The Cisco survey forecasts that SaaS will account for 60% of all cloud-based workloads—a 12% increase over 2017 predictions.”
“Gartner predicts that by 2022, as a result of digital business projects, 75% of enterprise-generated data will be created and processed outside the traditional, centralized data center or cloud, which is an increase from today’s less than 10%.”
“We estimate that 5.6 billion IoT devices owned by enterprises and governments will utilize edge computing for data collection and processing in 2020.”
“Currently, around 10% of enterprise-generated data is created and processed outside a traditional centralized data center or cloud. By 2022, Gartner predicts this figure will reach 50%.”
“The Mobile Edge Computing market is expected to grow from USD 185.8 Million in 2017 to USD 838.6 Million by 2022, at a Compound Annual Growth Rate (CAGR) of 35.2%.”
“By 2020, the IT spend on edge infrastructure will reach up to 18% of the total spend on IoT infrastructure.”
“The global edge computing market is expected to reach USD 6.72 billion by 2022 at a compound annual growth rate of a whopping 35.4 percent.”
“The Mobile Edge Computing (MEC) market is expected to grow with a CAGR of around 50.2% during the forecast period 2016-2023.”
“A report by Transparency Market Research (TMR), forecasts the global edge computing market will be worth US$8,024.5 mn in 2017 and further become worth US$13,313.7 mn by the end of 2022 at a CAGR of 10.7% therein.”
“Expanding at a CAGR of 10.3% over the forecast period, the North America edge computing market is likely to be worth US$5,696.6 mn by the end of 2022.”
Find out more about Edge Computing in our recent article, “The Cloud Revolution - Is it moving to the edge?”