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Hyperscale Edge Computing Market Analysis

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

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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 SME 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.

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.

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.

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.

Authors: Preeti Wadhwani

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.