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Edge Data Center Market Size

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

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Edge Data Center Market Size

Edge Data Center Market size valued at USD 9 billion in 2022 and is projected to grow at over 15% CAGR from 2023 to 2032.

Significant technological advancements in smart computing, storage, and networking have lifted the demand for data centers around emerging nations. The continuous data transfer from private servers to cloud-based resources is anticipated to fuel industry growth in varied end-use verticals. Furthermore, the soaring data generation across different sectors, such as automotive, manufacturing, healthcare, IT & telecom, BFSI, energy, and government, is set to provide lucrative development opportunities for the industry.

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Notably, the growing consumer base that uses online services for shopping and other financial transactions due to snowballing smartphone penetration is augmenting the demand for high-quality streaming services. This has resulted in a positive inclination of companies toward edge data centers. For instance, in January 2022, RailTel, an Indian railways subsidiary, announced its plans to build edge data centers in 102 developed locations across the country.

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.