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Hyperscale Edge Computing Market Analysis
- Report ID: GMI5322
- Published Date: Aug 2022
- Report Format: PDF
Hyperscale Edge Computing Market Analysis
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.
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.
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.
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.
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.
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Hyperscale Edge Computing Market Scope
