Edge Data Center Market Size to Reach USD 56.7 Billion by 2032 growing at 20.5% CAGR - Exclusive Report by Acumen Research and Consulting
The Edge Data Center market, valued at USD 10.8 Billion in 2023, is projected to surpass USD 56.7 Billion by 2032, indicating a robust CAGR of 20.5%
An edge data center is a small facility located close to the devices or users it serves, designed to process data quickly and reduce latency. By bringing computing resources closer to the "edge" of the network, it helps improve performance and supports real-time applications.
The rapid development in demand for over-the-top (OTT) high-quality content, the proliferation of IoT, the expanding need for secure computing environments, growing data storage requirements in metro regions, and the rise in CDN traffic have all aided the expansion of the worldwide edge data center market. The North American market is expected to grow at a significant CAGR due to the increasing usage of advanced computing technologies and the presence of a large number of global players in the IT and telecom sectors in the region. However, limited infrastructure and skilled workforce in remote locations became a restraint for the edge data center market. Furthermore, expansion of smart cities and autonomous vehicle networks prompted the edge data center market.
Edge Data Center Market Statistics
- The global edge data center market, which generated USD 10.8 billion in 2023, is projected to experience a strong CAGR of over 20.5% from 2024 to 2032
- North America leads the market with significant revenue of USD 3.67 billion in 2023
- The Asia-Pacific region is expected to see notable growth, with a projected CAGR of 21.4%
- In terms of components, solutions dominate the market, holding 87% of the market share in 2023
- For facility size, the large facility sub-segment captured 79% of the market share in 2023
- By application, the manufacturing and automotive sectors held a 21% market share in 2023
- A noticeable trend in the edge data center market is the increasing advancements in minimally invasive treatment options
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Edge Data Center Market Dynamics
Growing Adoption of IoT Devices and 5G Networks Fuels the Edge Data Center Market Value
The increasing usage of IoT devices, as well as the development of 5G networks, are driving growth in the edge data center market. These technologies require quicker data processing and lower latency, which edge data centers meet by moving computing resources closer to end users. As IoT and 5G rise, so does the demand for scalable, decentralized data centers, which drives market growth. This tendency is especially strong in businesses like smart cities, self-driving cars, and industrial automation, where real-time data processing is essential. As a result, the market for edge data centers is rapidly expanding to satisfy these demands.
Integration of Edge Computing With Cloud Services for Hybrid Solutions Offer Significant Edge Data Center Market Opportunity
The combination of edge computing with cloud services yields hybrid solutions, which are driving considerable growth in the edge data center market. This technique enables data processing closer to the source, lowering latency and improving real-time decision-making capabilities. Businesses may improve performance, security, and scalability by combining the advantages of edge computing's local processing with the centralized power of cloud computing. This hybrid paradigm may support a wide range of applications, including IoT, AI, and 5G, making it critical for enterprises wishing to update their infrastructure and increase operational efficiency. The increased need for integrated solutions is likely to drive significant growth in the edge data center market.
Edge Data Center Market Segmentation
The global market for edge data center has been segmented into component, facility size, and application, and region.
- Component is classified into solution {cooling, power (UPS), it racks & enclosures, networking equipment, DCIM} service {installation & integration, managed, and consulting}
- Facility size are divided into small and medium facility, and large facility
- Application are categorized into IT And Telecom, BFSI, healthcare and lifesciences, manufacturing & automotive, government, gaming and entertainment, retail and e-commerce, and others
- The edge data center market is geographically split into Europe, North America, Latin America, APAC, and the Middle East and Africa
Edge Data Center Market Regional Outlook
In terms of edge data center market analysis, the worldwide edge data center market is segmented into five regions: North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa. North America is predicted to be the largest revenue-generating region in the global edge data center market. North America is expected to develop at a rapid pace during the forecast period due to the increased adoption of advanced computing technologies and the presence of a significant number of global players in the IT and telecom sectors in the area. Several economies, including the United States and Canada, are installing these facilities to improve the efficacy and productivity of company operations across various industry verticals.
Asia-Pacific is expected to experience significant growth over the projection period. This growth is linked to the growing requirement to manage the massive amounts of data created by a variety of application industries. The increasing amount of information provided by various robotic devices is causing organizations to install these facilities, which is driving regional market expansion. Asia-Pacific is also predicted to develop significantly during the forecast period, owing to increased usage of edge data centers and continued technological advancements in the region.
Edge Data Center Market Players
Edge data center companies profiled in the report include Fujitsu Ltd, Eaton Corporation, Huawei Technologies Co., Ltd., EdgeConneX, Inc, Hewlett-Packard Enterprise Company, Rittal GmbH & Co. KG, Flexential Corporation, IBM Corporation, 365 Operating Company LLC., Schneider Electric SA, Vapor IO, Inc., and Panduit Corporation.
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