Computing and storage are moving to the edge, and IT needs to be ready [CNBC]
Forrester Research, Inc. (FORR)
Last forrester research, inc. earnings: 2/13 04:05 pm
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Source: CNBC
One of the biggest signs that IT is rapidly expanding beyond the data center is the rise of edge computing, a distributed computing model that places functions such as computation, data analysis and storage closer to the sources of the data. With edge technology, users are likely to be physically closer to servers than if all servers were in one place such as a data center. This can help make applications run faster and speed up access for users by reducing the latency compared with applications run on servers in a data center. Worldwide spending on edge computing is expected to be $232 billion in 2024, an increase of 15% over 2023, according to a March 2024 forecast from the International Data Corporation. Combined enterprise and service provider spending across hardware, software, professional services, and provisioned services for edge will sustain strong growth through 2027, the IDCsaid, when spending will reach nearly $350 billion. Companies typically use edge computing in
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