Overview and Scope
Hyperscale edge computing is the extension of edge computing by the incorporation of computing and hyperscale data centers. It gives scalability by boosting processing power, memory, networking capabilities, or storage resources to meet needs in combination with edge computing, which provides in-depth data analysis resulting in better insights, shorter reaction times and improved user experiences.
Sizing and Forecast
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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Segmentation & Regional Insights
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
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
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Major Driver Impacting Market Growth
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.
Key Industry Players
Major companies operating in the hyperscale edge computing market are increasing their focus on introducing innovative computing solutions to gain a competitive edge in the market. For instance, in June 2023, Pulsant, a UK-based digital company, launched a new edge computing platform called PlatformEdge, which is designed to facilitate digital transformation across the UK. PlatformEdge is a comprehensive hyperscale edge computing solution that seamlessly integrates cloud services and edge computing capabilities to deliver scalable and efficient processing, storage, and networking resources at the edge of the network. PlatformEdge offers a comprehensive infrastructure that is scalable, high-performance, and low-latency, providing edge application delivery across the UK. Edge computing is a technology that places compute power as close to the end device as possible. This technology enables businesses to take advantage of data-dense opportunities such as video analytics, the Internet of Things (IoT), virtual reality (VR) gaming, autonomous vehicles, and remote monitoring. PlatformEdge provides a regional data center network with low-latency connectivity and distributed compute and storage platforms for edge workloads and hyperscale cloud integrations. Overall, PlatformEdge is a promising platform that offers numerous opportunities for businesses to leverage data-intensive applications for their digital transformation needs.
The hyperscale edge computing market report table of contents includes:
1. Executive Summary
2. Hyperscale Edge Computing Market Characteristics
3. Hyperscale Edge Computing Market Trends And Strategies
4. Hyperscale Edge Computing Market – Macro Economic Scenario
5. Global Hyperscale Edge Computing Market Size and Growth
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31. Global Hyperscale Edge Computing Market Competitive Benchmarking
32. Global Hyperscale Edge Computing Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Hyperscale Edge Computing Market
34. Hyperscale Edge Computing Market Future Outlook and Potential Analysis
35. Appendix
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