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Edge Data Center Market Analysis

Report ID: GMI2421
Published Date: Aug 2023
Report Format: PDF

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Edge Data Center Market Analysis

In terms of component, the service segment held more than 20% of the edge data center market share in 2022. Organizations face challenges associated with the installation, operation, and modification of advanced technologies, which is accelerating the demand for edge data center services. Additionally, several players in the IT industry are engaging with service providers to optimize and maintain data centers, thereby impelling segment uptake.

Global Edge Data Center Market Size, By Data Center,

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With respect to data center size, the edge data center market from micro data centers segment is estimated to exhibit over 20% growth rate between 2023 and 2032. This growth is attributed to the swelling number of SMEs. The mounting adoption of IoT solutions in SMEs is enhancing the need for high bandwidth, superior reliability, low latency, and robust security.

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The colocation application segment is anticipated to reach nearly USD 18 billion by 2032. The increased focus of companies on reducing expenses linked to the maintenance and construction of data centers is bolstering the demand for data center solutions. Colocation facilities offer server security, storage, cooling, power, and networking equipment, which is poised to foster segment outlook.

North America Edge Data Center Market Size

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North America edge data center market recorded around USD 4 billion in revenue in 2022 as a result of significant efforts by organizations to enhance technological power through the integration of big data analytics and cloud solutions. In addition, the booming BFSI, telecom, and education industries in the region are foreseen to present beneficial opportunities for market progress.

Top participants operating in the industry are Schneider Electric SE, Vertiv Group Co., IBM Corporation, Dell Inc., Hewlett Packard Enterprise Company, Huawei Technologies Co., Ltd., Eaton Corporation, EdgeConneX, Inc., and NVIDIA Corporation. These leaders are engaging in strategic alliances with key OEMs to address prevalent consumer demand and deliver improved product offerings, strengthening their business standing. For instance, in March 2022, electric services specialist Vertiv and Elea Digital, a major firm in the sector, partnered to develop edge data center services in Brazil in a move to expand their continent-wide footprint.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of edge data center crossed USD 9 billion in 2022 and is set to progress at over 15% growth rate during the next 10 years owing to prevalent smartphone penetration and an upsurge in technological advancements in smart computing, storage, and networking.

The colocation application segment is primed to surpass USD 18 billion in revenue by the end of 2032 backed by the surging emphasis of companies on reducing expenditure related to the maintenance and construction of data centers.

The micro data centers segment is estimated to grow at over 20% CAGR between 2023 and 2032 as a result of the mounting adoption of IoT solutions in SMEs, which is boosting the need for high bandwidth, superior reliability, low latency, and robust security.

The North America market hold at more than USD 4 billion in 2022 on account of efforts made by organizations towards enhancing technological power via the inclusion of big data analytics and cloud solutions in the region.