Menu

EDGE FEATURE NEWS

IDC Anticipates Serious Growth in Managed Edge Services Over Next Five Years

By Luke Bellos August 23, 2021

The managed services industry has experienced a massive surge in demand over the last decade, but a new forecast model created by the International Data Corporation (IDC) expects to see a major leap edge in services growth over the next five years

The demand for managed edge services makes sense in the current state of the post-pandemic economy, as many businesses continue to operate in remote or hybrid environments. The need for low-latency services, customer support enhancements, network security, and data management services has created a highly competitive market that hopes to support the evolving global economy.

According to IDC’s forecast, managed edge services revenues are projected to reach $445.3 million by the end of this year, jumping 43.5% from 2020. That same forecast expects the compound annual growth rate (CAGR) for managed edge services to be around 55.1%, demonstrating the spike in demand within the business world. 

The forecast also shows that on-premise edge services will likely be the fast growing section, with a CAGR of 74.5%. Service provider edge and CDN follow slightly behind, with CAGR rates of 59.2% and 41.9% respectively.

"Managed edge services represent a significant monetization opportunity for service providers to capitalize on their investment in edge computing," commented Ghassan Abdo, research vice president, Worldwide Telecom, Virtualization, and CDN, IDC. "At the same time, service providers are keenly aware of the potential impact of the edge on their current market position and are watching closely for unforeseen competition from adjacent markets and new disruptors. Technology vendors including network equipment providers (NEPs) and software, datacenter, and networking vendors are vying to shape this market and play a significant role in delivering innovative edge services."

Learn more about managed services improving business functionality by joining MSPEXPO this February in Fort Lauderdale, Florida from February 8-11, 2022.




Edited by Maurice Nagle

Editor, IoTevolutionworld

SHARE THIS ARTICLE
Related Articles

Real World Use Cases for Intelligent Edge Infrastructure

By: Ken Briodagh    4/26/2022

The Intelligent Edge is being integrated into nearly every industry and now that aging infrastructure is being updated all over the world, Intelligent…

Read More

Are Energy and Utility Companies in Position to Generate New Revenues through 5G Services with Existing Physical Infrastructure?

By: Matthew Vulpis    4/11/2022

The recent, rapid rise of digitalization has brought with it a vast number of devices and applications revolutionizing the way daily processes get don…

Read More

Telco Global Alliance Introduced at Mobile World Congress: Linux Foundation Unveils CAMARA

By: Juhi Fadia    2/28/2022

In a surprise move that had everyone buzzing at Mobile World Congress in Barcelona today, the Linux Foundation, in collaboration with the GSMA, introd…

Read More

Supermicro Delivers Intelligent Edge

By: Maurice Nagle    2/17/2022

Supermicro announced the SuperEdge server, developed for environments demanding high-density compute and I/O in a small form factor. Optimized for Edg…

Read More

Industrial IoT Evolution at the Edge Picks Up the Pace with IOTech's Edge Xpert 2.1 Supporting EdgeXFoundry

By: Special Guest    2/3/2022

With the transformative influence of IoT innovation over various industries, there have been a plethora of new solutions pioneered that have evolved h…

Read More