Edge Data Center Market Size, Share, Growth Insight, Leading Players 2028

The Edge Data Center Market is expected to grow from USD 10.4 billion in 2023 to USD 29.6 billion by 2028 at a CAGR of 23.2% during the forecast period. The need for low latency requirements for applications such as IoT, real-time analytics, and augmented reality has driven market growth.

Download Report Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=43010479

Services segment to grow at a higher CAGR during the forecast period

The edge data center market, by component, includes solutions and services. Service providers aid in designing and deploying edge data centers in various locations; this includes selecting suitable hardware, networking equipment, and software solutions curated for the specific needs of edge computing. This factor has increased the demand for edge data center services among end users.

Large Facility segment to capture the largest market share

Adopting large edge data center facilities depends on various factors, including the specific needs of organizations, the nature of applications, the geographic distribution of users, and available resources. Large edge data center facilities are suitable for resource-intensive applications like AI training, complex simulations, and data analytics that require significant computing power and storage.

Manufacturing vertical to capture the second-largest market share

Edge data centers enable manufacturers to monitor production processes in real-time, allowing for immediate adjustments and interventions to optimize efficiency, reduce downtime, and improve product quality. The proliferation of IoT devices in manufacturing, such as sensors on machinery, robotics, and assembly lines, generates large amounts of data. Edge data centers process this data locally, reducing latency and improving responsiveness for real-time decision-making. Edge data centers play a critical role in implementing predictive maintenance strategies. By analyzing data from sensors and equipment at the edge, manufacturers can predict potential equipment failures, schedule maintenance more efficiently, and reduce unplanned downtime. Edge data centers allow manufacturers to analyze data from various stages of the production process locally. This data-driven approach helps identify bottlenecks, inefficiencies, and areas for process improvement.

North America segment to capture a significant market share during the forecast period

The edge data center market includes regional segmentation into Europe, Asia Pacific, North America, the Middle East and Africa, and Latin America. As per region, North America accounts for the largest market share in the global edge data center market in 2023, and this trend will persist during the forecast period. North America has the most established edge data center adoption due to several factors, such as large enterprises with sophisticated IT infrastructure and skilled technical expertise. North America's two most significant edge data center market contributors are the US and Canada. It is a region with strict regulations for several economic sectors and advanced technology. North America is known for its technological advancements and early adoption of innovative solutions. The large enterprises in this region are rapidly adopting edge data center solutions and services to improve employee experience and tackle any business continuity challenges amid COVID-19. In North America, large enterprises and SMEs focus on developing innovative edge data centers integrated with technological advancements, such as 5G, IoT, AI, and ML; this would boost growth in the future.

Get More Info - https://www.marketsandmarkets.com/Market-Reports/edge-data-center-market-142018469.html

The primary technology vendors in the market include Dell (US), Eaton (Ireland), IBM (US), NVIDIA (US), Schneider Electric (France), Fujitsu (Japan), HPE (US), Cisco (US), Huawei (China), 365 Data Centers (US), Rittal (Germany), Panduit (US), Equinix (US), Sunbird (US), Vertiv Group (US), HUBER+SUHNER (Switzerland), CommScope (US), Siemon (US), Flexential (US), EdgeConneX (US), Compass Datacenters (US), Zenlayer (US), Vapor IO (US), Zella DC (Australia), Smart Edge Data Centers (UK), Ubiquity (US), DartPoints (US), Edge Centres (Australia), and SBA Edge (US). Most key players have adopted partnerships and product developments to cater to the demand for edge data centers.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com

About MarketsandMarkets™

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are moulded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit MarketsandMarkets™ or follow us on Twitter, LinkedIn and Facebook.

This release was published on openPR.