Edge Data Center Market Worth $45.2 Billion by 2030

Meticulous Research®-a leading global market research company, published a report titled, Edge Data Center Market, by Component, Organization Size, Application (Smart Cities, Factory Automation, Connected Healthcare, Others), and End User (Healthcare, Energy & Utilities, Automotive, Telecommunication) and Geography-Global Forecasts to 2030.'

According to the latest publication from Meticulous Research®, the edge data centers market is projected to reach $45.2 billion by 2030, at a CAGR of 17.8% during the forecast period 2023-2030. The growth of this market is attributed to the rising need for edge data centers in industrial IoT, growing demand for low-latency processing and real-time automated decision-making solutions, and the proliferation of online video streaming.

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The emergence of autonomous vehicles, commercialization of 5G, rising investments by enterprises, telecommunications in edge data centers to speed up various applications, including streaming video and factory automation, and growing awareness regarding the benefits of edge data centers in the medical field/imaging are expected to offer significant opportunities for growth of this market. However, high upfront capital expenditure is restraining the growth of this market. Also, the rise in data privacy and security concerns is a major challenge to the growth of this market.

The edge data centers market is segmented by component, organization size, application, and end-user. The study also evaluates industry competitors and analyzes the regional and country-level markets.

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Based on component, the edge data centers market is segmented into hardware, software, and services. In 2023, the hardware segment is expected to account for the largest share of the edge data centers market. The growth of this segment is attributed to the growing demand for IoT deployments across different industry verticals for various applications, the rising need for edge gateways and hyper-converged infrastructure, and the surge in consistent investments from industry players in incorporating edge data solutions in their businesses and product or service offerings. However, the software segment is projected to register the highest CAGR during the forecast period.

Based on organization size, the edge data centers market is segmented into large enterprises and small & mid-size enterprises. In 2023, the large enterprises segment is expected to account for the largest share of the edge data centers market. The growth of this segment is attributed to the early adopters of advanced technologies such as 5G and IoT that directly impact revenue growth, increasing focus on developing strategic IT initiatives, and consistently deploying solutions to expand organizations' data center capabilities. However, the small & mid-size enterprises segment is projected to register the fastest growth rate in the edge data centers market during the forecast period.

Based on application, the edge data centers market is segmented into smart cities, factory automation, AR/VR, connected healthcare, content delivery, autonomous vehicles, and other applications. In 2023, the smart cities segment is expected to account for the largest share of the edge data centers market. The large market share of this segment is attributed to the growing incorporation of IoT solutions empowering smart city initiatives around the world, increasing proliferation of internet services and broadband speed, specifically in emerging economies, and the growing need to address issues of safety associated with roadways and other infrastructure. However, the content delivery segment is projected to register the highest CAGR during the forecast period.

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Based on end user, the edge data centers market is segmented into energy & utilities, transportation & logistics, healthcare, manufacturing, government & defense, retail, automotive, telecommunication, and others. In 2023, the telecommunication segment is expected to account for the largest share of the edge data centers market. The large market share of this segment is attributed to the growing demand for data edge centers from telecommunication companies, as edge allows them to take advantage of their geographically distributed infrastructure. Growing demand for data services, rise in the number of users generating data traffic, the surge in adoption for cloud computing, high-density networks, technological growth of the telecom industry with the emergence of 5G technology, and the proliferation of IoT-enabled devices are driving the growth of this segment. However, the healthcare industry segment is projected to register the highest CAGR during the forecast period.

Based on geography, the edge data centers market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2023, North America is expected to account for the largest share of the market. The large share of this region is attributed to the presence of several key edge computing technology vendors, along with the early adoption of new and advanced technologies across multiple end-users in the region. Additionally, many companies in the region are adopting edge data centers to enhance their IT infrastructure and leverage the benefits of new technologies, such as 5G and IoT, and higher cloud adoption. The development of innovative concepts, such as autonomous cars, within the region is also expected to propel the growth of edge data centers in North America. However, the Asia-Pacific region is projected to register the highest CAGR during the forecast period.

To gain more insights into the market with a detailed table of content and figures, click here: https://www.meticulousresearch.com/product/edge-data-center-market-5411

Key Players

The key players operating in the edge data centers market are Cisco Systems, Inc. (U.S.), IBM Corporation (U.S.), Dell Inc. (U.S.), Eaton (Ireland), Fujitsu (Japan), Schneider Electric (France), NVIDIA Corporation (U.S.), Huawei Technologies Co., Ltd. (China), 365 Data Centers (U.S.), COMMSCOPE (U.S.), Vertiv Group Corp. (U.S.), Hewlett Packard Enterprise Development LP (U.S.), Flexential (U.S.), Rittal GmbH & Co. KG (Germany), Vapor IO. (Austria), Servtech, Inc. (U.S.), Zella DC (Australia), VXCHNGE Holdings (U.S.), Zenlayer (U.S.), and DC BLOX (U.S.).

Key questions answered in the report-

Which are the high-growth market segments based on component, organization size, application and end user?
What was the historical market for the edge data centers market?
What are the market forecasts and estimates for the period 2023-2030?
What are the major drivers, restraints, opportunities, and challenges in the edge data centers market?
Who are the major players, and what shares do they hold in the edge data centers market?
How is the competitive landscape in the edge data centers market?
What are the recent developments in the edge data centers market?
What are the different strategies adopted by the major players in the edge data centers market?
What are the key geographic trends, and which are the high-growth countries?

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Content Source: https://www.meticulousresearch.com/pressrelease/540/industrial-cybersecurity-market-2030

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