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.