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Hyperscale Edge Computing Market Size

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

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Hyperscale Edge Computing Market Size

Hyperscale Edge Computing Market size valued at USD 2 billion in 2021 and is expected to grow at over 30% CAGR from 2022 to 2030.

The rising adoption of digital services has led to a rising inclination toward bandwidth-intensive applications. In countries including India, Canada, and the United States, edge data centers are extensively deployed to help telecommunication operators provide high-speed Internet services.

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Digital infrastructure, such as data center facilities and hyperscale locations, has also witnessed significant growth in recent years. Based on data from Dutch Cloud Community, there were over 500 hyperscale data centers observing year-on-year growth in June 2020, mainly due to the gradual migration of IT towards the cloud. This commendable growth trajectory of data centers will contribute to the development of hyperscale edge computing architecture.

Hyperscale Edge Computing Market Report Attributes
Report Attribute	Details
Base Year:	2021
Hyperscale Edge Computing Market Size in 2021:	USD 2 billion
Forecast Period:	2022 to 2030
Forecast Period 2022 to 2030 CAGR:	30%
2030 Value Projection:	USD 25 Billion
Historical Data for:	2018 to 2021
No. of Pages:	350
Tables, Charts & Figures:	440
Segments covered:	Component, Enterprise Size, Application, End-user, and Region
Growth Drivers:	Increasing number of edge data centers Rising demand for hyperscale cloud computing from SME Growing popularity of hyperscale edge technologies for video streaming Upsurge in the adoption of High-Performance Computing (HPC) Spike in the need for upscaling IT architectures due to voluminous data growth
Pitfalls & Challenges:	Increased CAPEX owing to advanced cabling requirement Complex networking requirements to address better machine-server connectivity

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High installation costs may hinder industry expansion

Advanced cabling requirements and high capital expenditures may create a hindrance to the hyperscale edge computing market growth. In data centers, optical cables with fiber counts of around 6,912 are deployed, which are highly expensive. Moreover, the increasing requirement for advanced cables has drastically increased the CAPEX of companies. These high upfront installation costs may impede the industry demand.

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.