The Edge Data Center by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Edge Data Center , 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..
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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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
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.
The edge data center market report table of contents includes:
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