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, according to new research report by MarketsandMarkets™. The need for low latency requirements for applications such as IoT, real-time analytics, and augmented reality has driven market growth.
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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.
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Key Market Players
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.
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