Hyperscale Edge Computing Market Outlook, Opportunities And Strategies 2024-2033

"The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.

Hyperscale Edge Computing Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.

The Market Size Is Expected To Reach $15 billion In 2028 At A CAGR Of 34.5%.

The hyperscale edge computing market size has grown exponentially in recent years. It will grow from $3.43 billion in 2023 to $4.58 billion in 2024 at a compound annual growth rate (CAGR) of 33.4%. The growth in the historic period can be attributed to demand for real-time decision making, edge infrastructure development, cloud augmentation with edge computing, latency-sensitive applications, data privacy and security concerns..

The hyperscale edge computing market size is expected to see exponential growth in the next few years. It will grow to $15 billion in 2028 at a compound annual growth rate (CAGR) of 34.5%. The growth in the forecast period can be attributed to 5g network expansion, iot proliferation, ai and machine learning integration, edge data analytics, autonomous vehicles and smart cities.. Major trends in the forecast period include emergence of edge-native development platforms, decentralized data processing, edge ai and machine learning, edge-optimized cloud services, rise of edge-as-a-service (eaas)..

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Hyperscale Edge Computing Market Major Segments
The hyperscale edge computing market covered in this report is segmented -

1) By Component: Hardware, Software, Service
2) By Enterprise Size: Small and Medium Size Enterprises (SMEs), Large Enterprises
3) By Application: Industrial IoT, Content Delivery, AR (Augmented Reality) Or VR (Virtual Reality), Remote Monitoring, Other Applications
4) By End-User: IT (Information Technology) And Telecom, Government, Healthcare, BFSI (Banking, Financial Services And Insurance), Retail, Utility, Manufacturing, Other End-Users

Key Driver - Data Center Expansion Drives Demand For Hyperscale Edge Computing Solutions

The increasing number of edge data centers is expected to propel the growth of the hyperscale edge computing market going forward. Edge data centers are smaller, decentralized facilities that offer computing and storage in a place nearer to where data is being generated and used, where by lowering latency and maximizing bandwidth, these facilities make new applications possible. Hyperscale edge computing is used in edge data centers to provide scalability of IT infrastructure to increase the computational ability of data centers, networking infrastructure, or storage resources to respond to demands to comprehensive data analysis that leads to better insights, quicker response times and improved user experiences. For instance, in May 2021, according to the Uptime Institute, LLC, a US-based IT service management company survey, over 90% of respondents in North America plan to use more than five edge data centers in the next two to three years. The US and Canada have the highest percentage of owners/operators who intend to use more than 20 edge data centers in the coming years, with Asia-Pacific and China coming in second and third, respectively. Therefore, the increasing number of edge data centers is driving the growth of the hyperscale edge computing market.

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Prominent Trend - Strategic Partnerships Drive Innovation In Hyperscale Edge Computing Market

Strategic partnerships are a key trend in gaining popularity in the hyperscale edge computing market. Major companies operating in the hyperscale edge computing market are focused on partnership and collaboration to strengthen their position in the market. For instance, in February 2021, Hewlett Packard Enterprise Company, a US-based company operating in the hyperscale edge computing market, partnered with Microsoft Corporation, a US-based technology corporation for an undisclosed amount. Through this partnership, Hewlett Packard Enterprise Company aims to deliver edge computing, artificial intelligence (AI)and Azure cloud computing capabilities on the International Space Station (ISS). Furthermore, in December 2021, Verizon Communications Inc., a US-based telecommunication company that offers edge computing solutions collaborated with Google LLC, a US-based technology company and Ericsson, Telefonaktiebolaget LM Ericsson, a Sweden-based networking and telecommunications company. With the partnerships, companies aim to build a 5G edge computing ecosystem to provide a dedicated private network and on-premises edge computing infrastructure that is beneficial for businesses in a variety of industries.

Hyperscale Edge Computing Market Players
Major companies operating in the hyperscale edge computing market report are Hewlett Packard Enterprise, Amazon Web Services Inc., Cisco Systems Inc., Dell Inc., Google LLC, Huawei Technologies Co. Ltd., International Business Machines Corporation, Intel Corporation, Microsoft Corporation, ADLINK Technology Inc., SAP SE, Celestica Inc., Capgemini SE, ClearBlade Inc, Digi International Inc., Yokogawa Electric Corporation, Rittal GmbH & Co. KG, Siemens AG, eInfochips Inc, Signify Holding, Gavita International B V, GE Lighting, ams-OSRAM AG, Heliopsetra AB, California LightWorks, Valoya Oy, EYE Hortilux, Hortilux Schréder, BIOS Lighting, GrowGeneration, Kroptek, SANlight GmbH, Kind LED Grow Lights, Platinum LED .

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Largest And Fastest Growing Region In The Market
Asia-Pacific was the largest region in the hyperscale edge computing market in 2023. The regions covered in the hyperscale edge computing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Hyperscale Edge Computing Market Report Structure
3. Hyperscale Edge Computing Market Trends And Strategies
4. Hyperscale Edge Computing Market - Macro Economic Scenario
5. Hyperscale Edge Computing Market Size And Growth
…..
27. Hyperscale Edge Computing Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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