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Edge Data Center Market Size to Grow by USD 22.11 billion from 2024 to 2028, 365 Data Centers & Compass Datacenters LLC to emerge as some of the key companies, TechnavioNEW YORK, March 15, 2024 /PRNewswire/ -- The Edge Data Center Market is projected to reach a value of USD 22.11 billion, with a CAGR of 23.57% between 2023 and 2028. Companies employ strategies like alliances, mergers, expansions, and product launches to bolster their market presence. 365 Data Centers offers network connectivity, colocation, and managed hosting services. Compass Datacenters LLC designs, installs, and maintains information centers for major cloud and content providers. Insights on market size historic period (2017 to 2021) and Forecast (2023 to 2027) before buying the full report
Growth Factors: The rapid increase in mobile data traffic notably propels market growth, fueled by digitalization, automation adoption, and IoT usage. Establishing centers in traffic hotspots can alleviate congestion and improve service speed. Market players introduce edge computing platforms to enhance data management at the network edge. For instance, Hewlett Packard Enterprise launched the HPE Edgeline EL8000 Converged Edge System in February 2021, tailored for communication service providers. Rising mobile data traffic is expected to boost market growth in the forecast period.
Explore more about market dynamics: Key Companies
For details on the vendor and its offerings Segment Overview Technavio has segmented the market based on type, End-user (IT and telecommunication, Manufacturing and automotive, BFSI, Healthcare and life sciences, and Others), Component (IT infrastructure, General construction, Power management systems, Cooling systems, and Others), and Geography (North America, APAC, Europe, South America, and Middle East and Africa).
Geography Overview By geography, the global edge data center market is segmented into North America, APAC, Europe, South America, and Middle East and Africa. The report provides actionable insights and estimates the contribution of all regions to the growth of the global edge data center market.
For insights on global, regional, and country-level parameters with growth opportunities from 2017 to 2027 Analyst Review: The Edge Data Center market is witnessing significant growth driven by the proliferation of edge computing technologies. These data centers bring processing capabilities closer to the point of data generation, reducing latency and enhancing the efficiency of IoT applications and cloud services. With the exponential growth of data, network infrastructure must evolve to meet the demands of modern computing. Edge servers and micro data centers play a crucial role in supporting edge computing architecture, enabling rapid data processing and storage at the edge. Edge computing solutions offer diverse applications across various industries, from smart cities to industrial automation. They facilitate real-time analytics, enabling actionable insights and improved decision-making. However, as edge computing deployment expands, security becomes a paramount concern. Ensuring the integrity and confidentiality of data processed at the edge requires robust security measures to mitigate potential risks. Despite its benefits, edge computing presents challenges, including scalability and interoperability. As the market continues to evolve, edge computing providers are focusing on addressing these challenges and optimizing edge computing solutions for enhanced efficiency and performance. The edge computing market is poised for further growth, driven by advancements in technology and the increasing demand for low-latency, high-bandwidth applications across various sectors. Market Overview: The edge data center market is witnessing rapid growth due to the increasing demand for edge computing solutions. Edge data centers play a crucial role in processing data closer to its source, enabling faster data processing, reducing latency, and improving network infrastructure. With the proliferation of Internet of Things (IoT) devices and the adoption of cloud computing, there is a growing need for edge servers and micro data centers to handle data processing at the edge. Edge analytics further enhance the capabilities of edge computing platforms, offering efficient data processing and storage solutions. However, challenges such as security and scalability remain, highlighting the need for innovative edge computing technology and architectures to address market demands effectively. Related Reports: The Malaysia - data center market size is estimated to grow at a CAGR of 16.15% between 2022 and 2027. The Data Center Maintenance and Support Services Market size is forecast to increase by USD 11.31 billion, at a CAGR of 12.45% between 2023 and 2028. About US Contact View original content to download multimedia:https://www.prnewswire.com/news-releases/edge-data-center-market-size-to-grow-by-usd-22-11-billion-from-2024-to-2028--365-data-centers--compass-datacenters-llc-to-emerge-as-some-of-the-key-companies-technavio-302089683.html SOURCE Technavio |