Edge Data Center Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Edge Data Center Market
The edge data center market size was valued at USD 9.30 billion in 2022, and the market is now projected to grow from USD 11.02 billion in 2023 to USD 41.60 billion by 2030, exhibiting a CAGR of 20.9 % during the forecast period of 2023-2030.
The pandemic raised the significance of business stability and latency among enterprises that had shifted their business operations digitally. Workers and learners had to work and study from home, prominent to the upsurge in internet traffic, the use of collaborative software, and the need to uphold data security. The use of edge computing abilities facilitated better address these concerns.
Government organizations through the world have been associating with market performers to set up new data centers, which further quickens the edge data center market growth. Governments are also encouraging remarkable funding to significantly advance the edge ecosystem. Such examples boost small-scale performers to enlarge their efforts in developing their expertise in the technology. Moreover, the implementation of edge solutions across smart city initiatives is showing to promptness the market’s upcoming. Edge solutions in a smart city initiatives offers an instantaneous insights into transportation ways, airborne quality, climate, and others. These insights further help to recognize difficulties before they hinder the people and benefit to help public facilities such as transportation management proficiently.
Technological developments, industrial IoT applications, video streaming, and Augmented Reality (AR)/VR are between the top trends motivating the market improvement. In modern years, with the prolonged and distributed IT footprint, businesses have realized the prominence of potential and proximity for the successful delivery of their consumer service. This addresses the growing amount of data being transported and processed, resultant in an economical and boosted user experience.
Comprehensive Analysis of Edge Data Center Market
The market can be segmented in various ways, depending on the focus of analysis such as by component, by facility and by industry. Based on component, the market is segmented into solutions and services. Based on facility type, the market is subdivided into small & medium facility and large facility. Based on industry, the market is segregated into IT & telecom, BFSI, gaming & entertainment, government, healthcare, manufacturing, and others (transportation, energy & utilities).
North America region is dominating the edge data center market share due to initial implementation of new-age technologies, surge in the number of connected devices, cloud implementation, the need for prompt handling, and a well-crafted network arrangement.
The key players are enthusiastically contributing in planned events that are targeted at maintaining durable market position and growing market share by merger, partnerships and others. These players include Acromove Inc. (U.S.), American Tower Corporation (U.S.), AtlasEdge Data Centres (Netherlands), DartPoints (U.S.), DXN (Australia), Open Access Data Centres (WIOCC Group) (Nigeria), Proximity Data Centres (nLighten) (U.K.), Vertiv Holdings Co (U.S.), Zenlayer Inc. (U.S.), EdgeConneX Inc. (Netherlands) these market players spending severely on research and development in order to arise with more new technology so that they can maintain and improve their existing market.
In July 2023, Ubiquity acquired a data center solutions company, EdgePresence, and prolonged its product portfolio. This acquisition would benefit the company to quicken up its promise to emphasis on ownership of acute last-mile network infrastructure assets.
Segmentation Table
ATTRIBUTE DETAILS
Study Period 2017-2030
Base Year 2022
Estimated Year 2023
Forecast Period 2023-2030
Historical Period 2017-2021
Growth Rate CAGR of 20.9% from 2023 to 2030
Unit Value (USD Billion)
Segmentation By Component
Solutions
DCIM
Power
Cooling
Network Equipment
IT Racks and Enclosures
Services
By Facility Type
Small & Medium Facility
Large Facility
By Industry
IT & Telecom
BFSI
Gaming & Entertainment
Government
Healthcare
Manufacturing
Others (Transportation, Energy & Utilities)
By Region
North America (By Component, By Facility Type, By Industry, and By Country)
U.S.
Canada
Mexico
South America (By Component, By Facility Type, By Industry, and By Country)
Brazil
Argentina
Rest of South America
Europe (By Component, By Facility Type, By Industry, and By Country)
U.K.
Germany
France
Italy
Spain
Russia
Benelux
Nordics
Rest of Europe
Middle East & Africa (By Component, By Facility Type, By Industry, and By Country)
Turkey
Israel
GCC
North Africa
South Africa
Rest of Middle East & Africa
Asia Pacific (By Component, By Facility Type, By Industry, and By Country)
China
Japan
India
South Korea
ASEAN
Oceania
Rest of Asia Pacific
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