Edge Data Center Market Size to Reach US$ 26.97 Billion by 2030, at a CAGR of 19.23%
IMARC Group, a leading market research company, has recently releases report titled, “Edge Data Center Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“,?The study provides a detailed analysis of the industry, including the global?edge data center market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights:
How big is the edge data center market?
The global edge data center market size reached US$ 9.2 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 26.97 Billion by 2028, exhibiting a growth rate (CAGR) of 19.23% during 2023-2028.
What is edge data center?
An edge data center (EDC) is a specialized, robust, and smaller version of a conventional data center, designed to enable swift and efficient data processing and storage near the source of data generation. The primary purpose of an edge data center is to alleviate the data load on the core network, reduce latency, and enhance the quality of service, thereby ensuring optimal user experience. It is a part of the distributed computing paradigm, strategically located closer to end-users or network edge, which facilitates faster data access, real-time analytics, and efficient network operations. It is extensively used across various industries, such as telecommunications, information technology (IT), banking, retail, and healthcare, that require rapid, secure, and real-time access to data and applications. It offers a range of advantages in terms of improved speed, reduced data traffic, and enhanced reliability, making them a critical asset in the era of digitalization and Industry 4.0. At present, the integration of edge data center with modern technologies such as the Internet of Things (IoT), Artificial Intelligence (AI), and Machine Learning (ML) further underscores their importance in the current digital landscape.
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What are the growth prospects and trends in the edge data center industry?
The global edge data center market is primarily driven by the ongoing transition into an increasingly digital and connected world. Besides this, the proliferation of IoT devices, mobile computing, and AI technologies has led to an exponential rise in the volume of data being generated, strengthening the need for efficient data management solutions, such as edge data centers. In addition, the recent shift toward 5G technology is fueling the market growth as it necessitates the deployment of edge data center for faster processing and reduced latency. Along with this, the surge in demand for video streaming services, online gaming, and other real-time applications that require low latency and high-speed connectivity are contributing to the market growth. Moreover, rapid digitization and data localization laws are compelling companies to invest in localized data storage and processing capacities, thereby propelling the market growth. In line with this, due to the rising concerns over data security and privacy, businesses are seeking localized and secure data handling solutions, such as edge data center that provides enhanced security and reduces the chances of breaches. Apart from this, the growing interest in sustainable and green data centers and the emergence of micro data centers, which are small, self-contained units designed for edge computing, are favoring market growth. Furthermore, the advent of advanced technologies such as software-defined networking (SDN) and network functions virtualization (NFV) that offers flexible and efficient network management at the edge is catalyzing market growth. Other factors, including the rise of eCommerce, digital entertainment, online education, and telemedicine services, coupled with increasing penetration of internet services and digital technologies, regulatory compliance, and the development of smart cities, are also creating a favorable market outlook.
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Component:
Breakup by Facility Size:
Breakup by Vertical:
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Breakup by Region:
Who are the key players operating in the industry?
The report covers the major market players including:
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