Meticulous Research®—a leading global market research company, published a research report titled, ‘Edge Data Center 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 2030.’
According to this latest publication from Meticulous Research®, the global edge data center market is projected to reach $46.4 billion by 2030, at a CAGR of 20.9% during the forecast period. The growth of this market is attributed to the rising need for edge data center 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 center in online video streaming.
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The high upfront capital expenditure required to implement edge data center 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 center market.
The global edge data center market is segmented by type(metro edge data center and mobile edge data center), 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 center market is broadly segmented into metro edge data center and mobile edge data center. In 2023, the metro edge data center segment accounted for the larger share of the global edge data center market. The large 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. However, the mobile edge data center segment is projected to grow at the highest 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.
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Based on component, the global edge data center market is segmented into hardware, software, and services. In 2023, the software accounted for the largest share of the global edge data center market. The large share of this segment is mainly attributed to the increasing demand for workload orchestration, resource allocation, real-time data analysis, and the need to enable efficient data processing, security, and connectivity within edge computing environments. This segment is projected to record the highest CAGR during the forecast period.
Based on deployment mode, the global edge data center market is segmented into on-premise deployments and cloud-based deployments. In 2023, the cloud-based deployments segment accounted for the larger share of the global edge data center market. This segment is projected to record the highest CAGR during the forecast period. The segment's large share can be attributed to the increasing need to efficiently allocate resources, rapidly deploy applications and services closer to end users, enable scalable and cost-effective data storage, and reduce latency while improving performance. This segment is projected to record the highest CAGR during the forecast period.
Based on organization size, the global edge data center market is segmented into large enterprises and small & medium-sized enterprise. In 2023, the small & medium-sized enterprise segment accounted for the larger share of the global edge data center market. This segment is projected to record the highest CAGR during the forecast period. The segment's large share can be 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.
Based on application, the global edge data center 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 2023, the 5G and 4G infrastructure segments accounted for the largest share of the global edge data center 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 center for high bandwidth in 5G infrastructure. 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.
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Based on end-use sector, the global edge data center market is segmented into IT & telecommunications, automotive, transportation & logistics, healthcare, energy & utilities, manufacturing, government & defense, retail, and other end-use sectors. In 2023, the IT & telecommunications segment is expected to account for the largest share of the global edge data center 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. This segment is projected to record the highest CAGR during the forecast period.
Based on geography, the global edge data center market is segmented into North America, Europe, Latin America, and the Middle East & Africa. In 2023, Asia-Pacific is expected to account for the largest share of the edge data center market, followed by North America, Europe, Latin America, and the Middle East & Africa. The Asia-Pacific region is projected to register the highest CAGR during the forecast period. The major factors driving the market's growth are mainly attributed to the rising adoption of advanced technologies, such as IoT and cloud computing, increasing demand for low-latency applications, the need to alleviate network congestion, improve overall network efficiency, and increasing need for real-time analytics.
Key Players
The key players operating in the global edge data center 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 Group Corporation(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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Key questions answered in the report:
• Which are the high-growth market segments in terms of type, component, deployment mode, organization size, application, and end-use sector?
• What is the historical market for edge data center across the globe?
• What are the market forecasts and estimates for the period of 2023–2030?
• What are the major drivers, restraints, opportunities, challenges, and trends in the global edge data center market?
• Who are the major players in the global edge data center market, and what are their market shares?
• How is the competitive landscape?
• What are the recent developments in the global edge data center market?
• What are the different strategies adopted by the major players in the market?
• What are the geographic trends and high-growth countries?
• Who are the emerging players in the global edge data center market, and how do they compete with the other players?
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