Hyperscale Edge Computing Market size is set to exceed USD 25 billion by 2030, according to the latest research report by Global Market Insights Inc.
The demand for cloud computing solutions from small- and medium-sized enterprises will amplify the industry expansion. The burgeoning adoption of hyperscale edge computing networks by SMEs can be credited to the extensive digitalization across industries and the introduction of supportive government initiatives. As per data statistics from Eurostat, around 36% of European enterprises adopted cloud computing services in 2020. SMEs also rely on scalable and cost-effective networking solutions, thereby fostering business development.
Requirement for complex networking may hamper industry share
One of the key restraining factors of the hyperscale edge computing market is the need for complex networking to address machine-server connectivity. Hyperscale edge infrastructure leverages servers, routers, and different other components, increasing the time to address user-base issues. Furthermore, lack of visibility may also impede the demand for hyperscale edge computing devices.
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Rapid development of edge-based technologies
The services segment in global market is poised to exhibit a CAGR of around 30% through 2030. The development of edge-based technologies that run on hyperscale infrastructure is increasing. This factor stimulates the requirement for edge computing services that provide guidelines on the implementation and maintenance of edge solutions to improve end-user experiences.
Browse key industry insights spread across 350 pages with 402 market data tables and 38 figures & charts from the report “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” in detail along with the table of contents:
Growing usage of hyperscale edge computing devices in large enterprises
The large enterprises segment will account for over 75% of the hyperscale edge computing market share by 2030. This can be accredited to the increasing adoption of hyperscale edge computing devices among these enterprises, especially during the coronavirus pandemic. As per the Digital Economy outlook, the use of the Internet by large enterprises rose by 40% in 2020 for calling and data storage.
Rising demand for quality content delivery
Pertaining to the escalating need for high-quality content delivery and fast streaming, scalable edge content delivery networks have gained popularity in the entertainment and gaming industries. The report cites that the content delivery segment will depict a growth rate of more than 30% between 2022 and 2030. This is further driven by myriad advantages such as reduced backhaul and low latency offered by hyperscale edge devices.
Mounting adoption of real-time data tracking services in the utility sector
The utility sector is poised to attain nearly 15% gains from 2022 to 2030 on account of high necessity of real-time data tracking and monitoring in this industry. Data analysis and active monitoring of risky gas pipes, humidity, water level, and temperature have also become key aspects of edge computing platforms, says the report.
North America to emerge as a lucrative avenue pocket
The North America hyperscale edge computing market recorded revenue worth above USD 1 billion in 2021. Robust presence of major players including Microsoft, IBM Corporation, and other hyperscale edge computing service providers in the region will fuel the industry statistics. The number of IoT devices and intelligent apps has also surged in the region, thereby accelerating the overall market outlook.
Partnerships to remain a key growth strategy
The competitive landscape of the market for hyperscale edge computing is slated to witness partnerships and other business expansion deals among industry players. For instance, in February 2022, AT&T collaborated with Microsoft to design a 5G edge computing ecosystem. Under the partnership, they were intended to work on the AT&T private edge, enabling them to retain their footprint in the market. Some of the key companies profiled in the report include Hewlett Packard Enterprise Company, Cisco Systems, Inc., Google, LLC, Huawei Technologies Co., Ltd., Microsoft Corporation, and SAP SE, among others.