REDDING,
Calif., July 31, 2024 /PRNewswire/ -- According to
a new market research report titled, 'Edge Data Centers
Market by Type (Metro, Mobile), Component, Deployment,
Organization, Application (AI, IoT, 5G & 4G, AR/VR), End-use
Sector (IT & Telecommunication, Automotive, Transportation
& Logistics), and Geography- Global Forecast to 2031,' the
edge data centers market is expected to reach $48.3 billion by 2031, at a CAGR of
20.9% from 2024 to 2031.
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An edge data center is a small data center located at a
network's edge. Edge data centers provide the same functionality as
traditional data centers, albeit in a smaller footprint, closer to
company devices and users. Edge data centers can deliver cached
content and cloud computing resources to these devices. Typically
featuring a smaller footprint, edge data centers are designed to
process time-sensitive data faster while sending less critical
information to a larger, centralized data center intended for big
data analytics.
The growth of this market is attributed to the rising need for
edge data centers for industrial IoT applications, the growing
demand for low-latency processing and real-time automated
decision-making solutions, and the increasing utilization of edge
data centers in online video streaming.
The high upfront capital expenditure required to implement edge
data centers restrains the growth of this market. The emergence of
autonomous vehicles and the commercialization of 4G technology are
expected to generate growth opportunities for the players in this
market. However, data privacy and security concerns are a major
challenge for market growth.
The rising adoption of IoT devices across industries and the
growth in 5G networks are prominent trends in the edge data centers
market.
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The global edge data centers market is segmented by type (metro
edge data centers and mobile edge data centers), component
(hardware, software, and services), deployment mode (on-premise
deployments and cloud-based deployments), organization size (large
enterprises and small & medium-sized enterprise), application
(artificial intelligence (AI), internet-of-things (IoT), AR/VR,
telemedicine, 5G & 4G infrastructure, autonomous vehicles,
video/live streaming, network functions virtualization (NFV), and
other applications), end-use sector (IT & telecommunications,
automotive, transportation & logistics, healthcare, energy
& utilities, manufacturing, government & defense, retail,
and other end-use sectors), and geography (Asia-Pacific, Europe, North
America, Latin America, and
the Middle East & Africa). The study also evaluates industry
competitors and analyses the market at the country and regional
levels.
Based on type, the global edge data centers market
is broadly segmented into metro edge data centers and mobile edge
data centers. In 2024, the metro edge data centers segment
accounted for the larger share of around 60.8% of the edge
data centers market. The large market share of this segment is
mainly attributed to the growing deployment of 5G networks,
increasing data traffic, and the need to provide localized cloud
computing resources for businesses and organizations are support
the segment's growth. Metro edge data centers are an essential
part of the distributed computing infrastructure, as they bring
computing resources closer to the source of data generation,
consumption, and processing. These centers are designed to provide
low-latency, high-bandwidth connectivity and computing resources to
support local applications and services. Metro edge data centers
typically have a power capacity of around 5+ megawatts and occupy
an area of 50,000+ square feet. They are strategically located in
suburban (Tier II/III) markets. These data centers are
characterized by smaller footprints, lower power requirements, and
fewer server racks than larger data centers.
However, the mobile edge data centers segment is projected to
record the higher CAGR during the forecast period. The growth of
this segment is attributed to factors such as the increasing demand
to reduce latency in mobile applications, enhance user experience,
enable real-time functionalities, optimize network bandwidth, and
alleviate congestion by processing data locally. Mobile edge data
centers (MEC) are an important component of the evolving edge
computing ecosystem, catering to the growing demands of emerging
technologies. Also referred to as spoke edge data centers, mobile
edge computing, or mobile edge clouds, MEC is designed to be agile
and deployable at various locations to address specific use cases
and events. These data centers typically have a power capacity
ranging from 50 to 150+ kilowatts, occupying hundreds of square
feet per site.
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Based on component, the edge data centers market
is segmented into hardware, software, and services. In 2024, the
software accounted for the largest share of around 46.4% of
the edge data centers market. The large share of this segment is
mainly attributed to the increasing demand for workload
orchestration, resource allocation, real-time data analysis, and
insight extraction at the edge drive the growth of the software
segment. Edge data center software plays a critical role in
enabling efficient data processing, resource allocation, security,
and connectivity within edge computing environments. This software
encompasses applications, platforms, and tools utilized to manage,
orchestrate, and optimize the operations of edge data centers. It
is responsible for the centralized management and coordination of
edge data centers' resources. The software provides real-time
monitoring, alerts, and remote administration of the edge data
centers' infrastructure
Additionally, the software segment is also projected to record
the highest CAGR during the forecast period.
Based on deployment mode, the global edge
data centers market is segmented into on-premise deployments and
cloud-based deployments. In 2024, the cloud-based deployments
segment accounted for the larger share of around 54.7% of
the global edge data centers market. This segment is projected to
record the highest CAGR during the forecast period. The large share
of this segment is mainly attributed to the increasing need to
efficiently allocate resources, rapidly deploy applications and
services closer to end users, and reduce latency while improving
performance. Cloud computing technology has transformed businesses,
enabling scalable and cost-effective data storage, processing, and
delivery. Cloud-based deployments for edge data centers offer a
powerful solution that brings new efficiency and agility to data
management and service delivery across various industries.
Additionally, the cloud-based deployments segment is projected
to record the highest CAGR during the forecast period.
Based on organization size, the global edge data
centers market is segmented into large enterprises and small &
medium-sized enterprise. In 2024, the small & medium-sized
enterprise segment accounted for the larger share of around
55.6% of the global edge data centers market. The large
share of this segment is mainly attributed to the increasing demand
for real-time processing and localized data management, enabling a
competitive edge, optimizing operations, and accelerating the
digital transformation journey. Edge data centers have emerged as a
cutting-edge solution for small & medium-sized enterprises,
addressing unique challenges and offering significant advantages.
SMEs often experience rapid growth and changing business needs,
which can require substantial upfront investments and ongoing
operational expenses. Edge data centers provide SMEs with the
ability to leverage localized computing resources without the need
for significant infrastructure investments. This empowers
organizations to embrace innovation and leverage emerging
technologies for process automation, real-time analytics, and
personalized customer experiences.
Additionally, the small & medium-sized enterprise segment is
projected to record the highest CAGR during the forecast
period.
Based on
application, the global edge data centers market
is segmented into artificial intelligence (AI), internet-of-things
(IoT), AR/VR, telemedicine, 5G & 4G infrastructure, autonomous
vehicles, video/live streaming, network functions virtualization
(NFV), and other applications. In 2024, the 5G & 4G
infrastructure segments accounted for the largest share of around
26.2% of the edge data centers market. The large market
share of this segment is mainly attributed to the rising demand for
ultra-low latency applications, growing adoption of 5G networks,
and growing adoption of edge data centers for high bandwidth in 5G
infrastructure. Edge data centers play a crucial role in enhancing
performance, hosting cri tical functions, and enhancing the
efficiency of both 5G & 4G infrastructures. 5G & 4G refer
to generations of wireless network technology and their
infrastructure, including the hardware and software components that
make these networks function. The rollout of 5G & 4G networks
requires higher bandwidth and lower latency capabilities. Edge data
centers help to meet these stringent latency requirements by
bringing compute capabilities into the network closer to the end
user.
However, the artificial intelligence (AI) segment is projected
to record the highest CAGR during the forecast period. The growth
of this segment can be attributed to factors such as the increasing
need for real-time analytics, enhanced data privacy, and reduced
network costs. Edge artificial intelligence is the implementation
of artificial intelligence in an edge computing environment that
allows computations where data is collected rather than at a
centralized cloud computing facility or an offsite data center. By
processing data locally, only relevant insights or aggregated
results are sent back to the central cloud, reducing the amount of
data that needs to be transmitted.
Based on end-use sector, the global edge data centers
market is segmented into IT & telecommunications, automotive,
transportation & logistics, healthcare, energy & utilities,
manufacturing, government & defense, retail, and other end-use
sectors. In 2024, the IT & telecommunications segment is
expected to account for the largest share of around 41.1% of
the global edge data centers market. The large share of this
segment is mainly attributed to the increasing demand for
low-latency and high-bandwidth communication, real-time data
processing, and the need to reduce the risk of data breaches during
transmission while ensuring compliance with data protection
regulations in the IT & telecommunications sector. Edge data
centers are revolutionizing the IT & telecommunications sector
by facilitating connectivity, ensuring continuous operations,
minimizing downtime, and enabling seamless global communication.
These facilities provide decentralized computing
power, enabling rapid data processing and reducing
latency.
Additionally, the IT & telecommunications segment is
projected to record the highest CAGR during the forecast
period.
Based on geography, the global edge data centers market is
segmented into North America,
Europe, Latin America, and the Middle East & Africa. In 2024, Asia-Pacific is expected
to account for the largest share of around 36.2% of the edge
data centers market, followed by North
America, Europe,
Latin America, and the
Middle East & Africa. The large share of the Asia-Pacific market is attributed to the
growing demand and adoption of advanced technologies, such as IoT
and cloud computing, increasing adoption of internet-of-things
(IoT) devices, and rising mobile data traffic and over-the-top
(OTT) traffic across the region. IoT adoption has accelerated
in Asia-Pacific countries. IoT and
edge data centers are integral components of the modern digital
ecosystem. They work together to address the challenges posed by
the massive influx of data from IoT devices and enable real-time,
low-latency applications across various industries. High
investments in smart factories, AR/VR, satellite IoT devices, and
5G IoT are expected to drive the demand for edge data centers.
Moreover, Asia-Pacific is also
projected to register the highest CAGR of 22.5% during the
forecast period.
The key players operating in the global edge data centers market
are Dell Technologies Inc. (U.S.), Cisco Systems, Inc. (U.S.),
Eaton Corporation plc (Ireland),
Fujitsu Limited (Japan), Schneider
Electric SE (France),
Hewlett-Packard Enterprise Company (U.S.), Huawei Technologies Co.,
Ltd. (China), IBM Corporation
(U.S.), NVIDIA Corporation (U.S.), Mitsubishi Electric Corporation
(Japan), Equinix, Inc. (U.S.),
American Tower Corporation (U.S.), Cyxtera Technologies, Inc.
(U.S.), ABB (Switzerland), Nxtra
Data Limited (India) (a subsidiary
of Bharti Airtel Limited), Zenlayer Inc. (U.S.), Switch, Inc.
(U.S.), Vertiv Holdings Co. (U.S.), Nokia Corporation (Finland), EdgeConneX, Inc. (U.S.), Reichle
& De-Massari AG (Switzerland),
Ubiquity Management, LLC (U.S.), and Vapor IO, Inc. (U.S.).
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Scope of the Report:
Edge Data Centers Market Assessment—by
Type
- Metro Edge Data Centers
- Mobile Edge Data Centers
Edge data centers Market Assessment—by
Component
- Hardware
- Software
- Services
- Training & Support
- Consulting Services
Edge Data Centers Market Assessment—by Deployment
Mode
- On-premise Deployments
- Cloud-based Deployments
Edge Data Centers Market Assessment—by Organization
Size
- Large Enterprises
- Small & Medium-sized Enterprise
Edge Data Centers Market Assessment—by
Application
- Artificial Intelligence (AI)
- Internet-of-Things (IoT)
- AR/VR
- Telemedicine
- 5G & 4G Infrastructure
- Autonomous Vehicles
- Video/live Streaming
- Network Functions Virtualization (NFV)
- Other Applications
Edge Data Centers Market Assessment—by End-use
Sector
- IT & Telecommunications
- Automotive
- Transportation & Logistics
- Healthcare
- Energy & Utilities
- Manufacturing
- Government & Defense
- Retail
- Other End-use Sectors
Edge Data Centers Market Assessment—by
Geography
- North America
- U.S.
- Canada
- Asia-Pacific
- Japan
- China
- India
- South Korea
- Rest of Asia-Pacific
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Rest of Europe
- Latin America
- Middle East & Africa
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