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Hyperscale Edge Computing Market Size by Component (Software, Hardware [Sensors, Nodes], Service [Managed Service, Professional Service]), By Application (Remote Monitoring, Industrial IoT, Content Delivery, AR/VR), By Enterprise Size (Large Enterprises, SMEs), By Industry Vertical (IT & Telecom, Retail, BFSI, Government, Utility, Healthcare, Manufacturing), COVID-19 Impact Analysis, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2022 – 2030

  • Report ID: GMI5322
  • Published Date: Aug 2022
  • Report Format: PDF

Industry Statistics

Hyperscale Edge Computing Market size valued at USD 2 billion in 2021 and is expected to grow at over 30% CAGR from 2022 to 2030.
 

The rising adoption of digital services has led to a rising inclination toward bandwidth-intensive applications. In countries including India, Canada, and the United States, edge data centers are extensively deployed to help telecommunication operators provide high-speed Internet services.
 

Hyperscale Edge Computing Market

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Digital infrastructure, such as data center facilities and hyperscale locations, has also witnessed significant growth in recent years. Based on data from Dutch Cloud Community, there were over 500 hyperscale data centers observing year-on-year growth in June 2020, mainly due to the gradual migration of IT towards the cloud. This commendable growth trajectory of data centers will contribute to the development of hyperscale edge computing architecture.

High installation costs may hinder industry expansion

Advanced cabling requirements and high capital expenditures may create a hindrance to the hyperscale edge computing market growth. In data centers, optical cables with fiber counts of around 6,912 are deployed, which are highly expensive. Moreover, the increasing requirement for advanced cables has drastically increased the CAPEX of companies. These high upfront installation costs may impede the industry demand.
 

Rising usage of IIoT and IoT sensors

The hardware components segment held more than 50% of the market share in 2021, which was attributable to the mounting usage of IIoT and IoT sensors and components across multiple end-users. Based on the IIoT statistics 2021, above 86.7 million IoT devices were deployed in 2020, thus accelerating the installation of hyperscale edge computing hardware components.
 

Increasing reliance on scalable edge solutions

The hyperscale edge computing market from SMEs segment is projected to observe 38% gains through 2030. This is mainly driven by their reliance on scalable and cost-effective solutions that can be seamlessly adopted over the system infrastructure while maintaining cost scalability.
 

Rapid decentralization of edge environments in remote sites

Global Hyperscale Edge Computing Market Size, By Application,

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The rapid decentralization of edge environments and the deployment of IT infrastructure in remote sites have proliferated the growth of the remote monitoring segment, which registered a revenue of around USD 600 million in 2021. Remote monitoring locations are also prominent across industrial floors, hospital emergency rooms, fraud detection, and network closets.
 

Healthcare to emerge as a major end-user of hyperscale edge computing services

The hyperscale edge computing market from healthcare sector is predicted to exceed USD 4 billion in revenue by 2030. The installation of hyperscale edge computing hubs is increasing in the healthcare sector, due to the strong demand for medical devices and the mounting need for efficient medical service delivery. According to the WHO, over 24% of the medical staff deployed IoT- and AI-based smart medical devices in 2021, proliferating the need for scalable edge computing solutions.
 

APAC to serve as a prominent hub for industry participants

Asia Pacific Hyperscale Edge Computing Market Size, By Country,

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The Asia Pacific hyperscale edge computing market is set to exhibit nearly 35% growth rate through 2030 propelled by a surge in IT infrastructure deployments. As per the Asia Cloud Computing Association Report, 77% of organizations experienced an increase in business owing to IT infrastructure adoption in 2020. This will encourage businesses to rely on edge-based scalable infrastructures across business verticals in the region.
 

Product upgradation strategies to define the competitive landscape

Prominent hyperscale edge computing market players are Hewlett Packard Enterprise Company, Amazon Web Services, Inc. Cisco Systems, Inc., Dell Technologies Inc., Google, LLC, Huawei Technologies Co., Ltd., IBM Corporation, Intel Corporation, Microsoft Corporation, and SAP SE. These firms are focusing on product developments and business expansions to enhance their presence in the industry.
 

Impact of COVID-19 on the hyperscale edge computing business outlook

In wake of the COVID-19 pandemic, video streaming traffic showcased a commendable increase. These video streaming applications consume approximately 70% of the bandwidth in July 2021, according to data from Verizon. This interactive multimedia application requires a real-time response. These factors have increased the popularity of hyperscale edge computing technologies during the pandemic, which can provide storage and computational resources and minimize latency and response time.
 

This hyperscale edge computing market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2018 to 2030 for the following segments:

Market, By Component

  • Hardware
    • Sensors
    • Nodes
    • Others
  • Software
  • Service
    • Managed services
    • Professional services

Market, By Application

  • Industrial IoT
  • Content Delivery
  • AR/VR
  • Remote Monitoring
  • Others

Market, By Enterprise Size

  • SMEs
  • Large Enterprises

Market, By End-user

  • IT & Telecom
  • Government
  • Healthcare
  • BFSI
  • Retail
  • Utility
  • Manufacturing
  • Others

The above information has been provided for the following regions and countries:

  • North America
    • U.S.
    • Canada
  • Europe
    • UK
    • France
    • Italy
    • Spain
    • Germany
    • Netherlands
  • Asia Pacific
    • China
    • Japan
    • South Korea
    • India
    • Australia & New Zealand
  • Latin America
    • Brazil
    • Argentina
    • Mexico
  • MEA
    • UAE
    • Saudi Arabia
    • South Africa

 

Authors: Preeti Wadhwani, Smriti Loomba

Frequently Asked Questions (FAQ) :

The market size of hyperscale edge computing crossed USD 2 billion in 2021 and is slated to depict a CAGR of around 30% through 2030, driven by the high implementation of data centers to deliver Internet services.

The hardware segment held more than 50% of the hyperscale edge computing industry share in 2021, which was attributable to the mounting usage of IoT and IIoT sensors and components.

The SMEs segment is anticipated to exhibit a growth rate of about 38% from 2022 to 2030, due to their reliance on scalable and cost-effective solutions to be seamlessly adopted over the system infrastructure.

The remote monitoring segment registered a revenue of over USD 600 million in 2021, owing to the rapid decentralization of edge environments and the deployment of IT infrastructure in remote sites.

The healthcare segment is expected to record a revenue of nearly USD 4 billion by 2030, given the strong demand for medical devices and the mounting need for efficient medical service delivery.

The Asia Pacific hyperscale edge computing market is set to exhibit a CAGR of nearly 30% through 2030, driven by surging IT infrastructure deployments.

Some of the key players include Hewlett Packard Enterprise Company, Amazon Web Services, Inc. Cisco Systems, IBM Corporation, Intel Corporation, Microsoft Corporation, and SAP SE, among others.

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Premium Report Details

  • Base Year: 2021
  • Companies covered: 18
  • Tables & Figures: 440
  • Countries covered: 19
  • Pages: 350

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