Press release
Edge Data Center Market: Industry Analysis, Size, Share, Growth And Forecast To 2033
Edge Data Center Market
Edge Data Center 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 $34.81 billion In 2028 At A CAGR Of 26.0% :
The edge data center market size has grown exponentially in recent years. It will grow from $11.16 billion in 2023 to $13.83 billion in 2024 at a compound annual growth rate (CAGR) of 23.9%. The growth in the historic period can be attributed to low latency requirements, bandwidth-intensive applications, data sovereignty and privacy, edge analytics for real-time insights, edge security and compliance..
The edge data center market size is expected to see exponential growth in the next few years. It will grow to $34.81 billion in 2028 at a compound annual growth rate (CAGR) of 26.0%. The growth in the forecast period can be attributed to edge-native applications, smart cities and edge infrastructure, edge data centers in retail, energy efficiency in edge data centers, containerization at the edge.. Major trends in the forecast period include content delivery networks (cdn) at the edge, edge security solutions, micro data centers for edge deployments, edge data center interconnectivity, edge data center management tools, edge data analytics..
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Edge Data Center Market Major Segments
The edge data center market covered in this report is segmented -
1) By Component: Solution, Service
2) By Product Type: General construction, Power management systems, Cooling systems, Security solutions, Racks, Other Product Types
3) By Data Center Size: Micro Data Centers, Hyperscale or Enterprise Data Center, Other Data Center Sizes
4) By Application: Banking, Financial Services and Insurance, Telecommunication and IT, Government, Healthcare, Manufacturing, Media and Entertainment, Transportation and Logistics, Hospitality, Other Applications
Key Driver - Internet Penetration And Digitalization Driving Edge Data Center Market
Rising internet penetration and rapid digitization are expected to propel the growth of the edge data center market going forward. The relationship between the number of internet users in each country and its demographic data is called internet penetration, and the process of transforming information into a computer-readable format is known as digitization. Edge data centers are used to integrate various digital devices and electronic devices via the internet. An edge data server serves as a link between two networks that are geographically separated and connected via the internet. For instance, according to the article published by DataReportal, an India-based business intelligence company, in 2022, the number of people using the internet stood at 5 billion worldwide, accounting for 63% of the global population. Also, the world's connected population increased by about 200 million in April 2022. Therefore, the rise in internet penetration and digitalization are driving the edge data center market growth.
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Prominent Trend - Revolutionizing Edge Data Centers With Sustainability
Major companies operating in the edge data center market are focusing on reducing their environmental impact. It entails the optimization of energy-efficient technologies and practices to minimize environmental impact while enhancing performance and reliability at the network edge. For instance, in February 2023, nLighten, a digital infrastructure platform of I Squared Capital, a US-based infrastructure investor, announced the launch of edge data centres in Germany. The network will offer capacity in 10 locations in Germany. The company's infrastructure concept works with the utility sector to reduce emissions through grid stability and heat recovery and export to the community.
Edge Data Center Market Players
Major companies operating in the edge data center market report are 365 Data Centers Services LLC, Compass Datacenters LLC, DC BLOX Inc., Eaton Corporation PLC, Fujitsu Limited, Huawei Investment and Holding Co. Ltd., Rittal GmbH and Co. KG, Schneider Electric S. E., Vertiv Group Corp., vXchnge operating LLC, Panduit Corp., Hewlett Packard Enterprise Development LP, Hitachi Ltd., International Business Machines Corp., Flexential Corp., Vapor IO Inc., Microsoft Corporation, Anixter International, Wave-2-Wave Solution Corporation, Cisco Systems Inc., Elliptical Mobile Solutions, Zellabox DC, Dell Inc., Silicon Graphics Inc., Equinix Inc., EdgeMicro, AtlasEdge Data Centres, EdgeConneX Inc., Juniper Networks, Amazon Web Services Inc.
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Largest And Fastest Growing Region In The Market
North America was the largest region in the edge data center market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the edge data center 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. Edge Data Center Market Report Structure
3. Edge Data Center Market Trends And Strategies
4. Edge Data Center Market - Macro Economic Scenario
5. Edge Data Center Market Size And Growth
…..
27. Edge Data Center Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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