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Edge Data Center Market Trends

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

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Edge Data Center Market Market Trends

The edge data centers industry witnessed a negative impact on the development & investment of data center solutions during the COVID-19 pandemic. Strategic investments in building new edge data centers owing to stringent lockdowns and the decline in demand for IT solutions in firms hampered market progression. However, in the post-pandemic scenario, burgeoning penetration of smartphones across regions is foreseen to supplement the need for edge data centers in the future.

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.