Global revenues for managed edge services will reach $445.3 million in 2021, an increase of 43.5 percent over 2020. Over the 2021 to 2025 forecast period, the compound annual growth rate (CAGR) for managed edge services is expected to be 55.1 percent, reaching total global revenues of perhaps $2.8 billion by 2025.
If so, managed services might represent about 10 percent of the total market for edge computing hardware, software, platforms and connectivity or computing services.
IDC believes public cloud providers, or hyperscalers, will be key enablers of edge services.
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