European Edge Market Forecast, 2022-2027: May 2024 Update

Description

This IDC Market Forecast covers European edge spending for the 2022-2027 period, providing an update of the previously published forecast (see European Edge Market Forecast, 2022-2027, IDC #EUR251251723, October 2023) and leveraging data from IDC's latest Worldwide Edge Spending Guide, released in February 2024."Europe is progressing steadily toward digitalization despite prevailing macroeconomic uncertainty. Edge computing is a crucial factor in this development, as it is transforming various industries and fortifying them through innovation. This transformative process will empower businesses to use data-driven insights at the source, with the help of IoT, AR/VR, and AI at the edge. This will enable real-time decision-making and unlock new possibilities for efficiency and competitiveness," said Alexandra Rotaru, Data & Analytics manager, Data and Analytics Group, IDC Europe.

Product Code: EUR150461824

IDC Market Forecast Figure

Executive Summary

Advice for Technology Suppliers

Emphasize Security and Data Privacy
Enable Intelligence with AI and Analytics
Focus on Sustainability and Green Computing
Build Strategic Partnerships and Alliances
Educational Initiatives and Skill Development

Market Forecast

Geographic View
Technology View
- Provisioned Services
- Professional Services
- Hardware
- Software
Industry Sectors View
- Distribution and Services
- Manufacturing and Resources
- Public Sector
- Telecommunication and Utilities
- Financial Services
- Service Provider
Edge Domains View

Market Context

Drivers and Inhibitors
- Drivers
  - Generative AI
  - Industry Revolution
  - Service Providers' Provisions
- Inhibitors
  - Deployment Complexity
  - Investment Costs
Significant Market Developments
Changes from Prior Forecast