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Edge Data Center Market Trends

  • Report ID: GMI2421
  • Published Date: Aug 2024
  • Report Format: PDF

Edge Data Center Market Trends

To maximize data management, cloud service providers are expanding their infrastructure to the edge and offering hybrid cloud solutions that combine on-premises and cloud resources. By implementing edge data centers, these providers enable companies to process data closer to where it is generated, significantly reducing latency and improving performance for real-time applications. This proximity supports applications such as IoT, AI, and streaming services that require quick data processing, enhancing user experiences, and maintaining efficient centralized cloud management. Businesses can benefit from the cloud's advanced services, scalability, and flexibility while keeping centralized cloud management.
 

This hybrid approach allows companies to use cloud-based analytics, backup, and extensive storage for long-term data needs, while local edge resources handle immediate data demands. This results in a more cost-effective, responsive, and efficient IT infrastructure that meets the needs of modern applications and complies with legal regulations. In January 2024, IBM and American Tower announced a strategic collaboration aimed at enhancing edge cloud services for enterprises. This partnership will focus on deploying a hybrid, multi-cloud computing platform at the edge, leveraging both companies' strengths in digital infrastructure and cloud technologies.

Authors: Preeti Wadhwani, Aishvarya Ambekar

Frequently Asked Questions (FAQ) :

The market size of edge data center reached USD 10.6 billion in 2023 and is set to register over 19% CAGR between 2024 and 2032, owing to the rise in online services such as cloud computing, streaming, e-commerce, and digital communications.

The IT and telecom segment in the edge data center industry accounted for around USD 2.8 billion in 2023, due to rollout of 5G networks, and need for high-speed, low-latency data processing.

North America market held over 40% share in 2023, driven by substantial investments from major technology companies and data center operators.

Dell, Eaton, Fujitsu Ltd., HPE, Huawei, IBM, NVIDIA, Rittal, Schneider, and Vertiv, Co.

Edge Data Center Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 23
  • Tables & Figures: 330
  • Countries covered: 24
  • Pages: 270
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