The Future of Edge Data Center Market Valuation to Hit $29.6 Billion by 2028

The Edge Data Center Market is expected to grow from USD 10.4 billion in 2023 to USD 29.6 billion by 2028 at a CAGR of 23.2% during the forecast period. The need for low latency requirements for applications such as IoT, real-time analytics, and augmented reality has driven market growth.

Browse in-depth TOC on “Edge Data Center Market"

260 - Tables

50 - Figures

271 – Pages

Download PDF Sample: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=142018469

Edge Data Center Market Dynamics

Drivers

Surge

in IoT devices

·      
Low
latency requirements

Restraints

·      
Heavy
initial capital investment

·      
Regulatory
compliance

Opportunities

·      
Growing
demand for smart city initiatives

·      
Growing
demand for edge data center as a service

List of Top Companies

·      
Dell
(US)

·      
Eaton
(Ireland)

·      
IBM
(US)

·      
NVIDIA
(US)

·      
Schneider
Electric (France)

·      
Fujitsu
(Japan)

·      
HPE
(US)

·      
Cisco
(US)

·       Huawei (China)

Inquiry Before Buying: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=142018469

Services segment to grow at a higher CAGR during the forecast
period

The edge data center market, by component, includes solutions
and services. Service providers aid in designing and deploying edge data
centers in various locations; this includes selecting suitable hardware,
networking equipment, and software solutions curated for the specific needs of
edge computing. This factor has increased the demand for edge data center
services among end users.

Large Facility segment to capture the largest market share

Adopting large edge data center facilities depends on various
factors, including the specific needs of organizations, the nature of
applications, the geographic distribution of users, and available resources.
Large edge data center facilities are suitable for resource-intensive
applications like AI training, complex simulations, and data analytics that
require significant computing power and storage.

Manufacturing vertical to capture the second-largest market
share

Edge data centers enable manufacturers to monitor production
processes in real-time, allowing for immediate adjustments and interventions to
optimize efficiency, reduce downtime, and improve product quality. The
proliferation of IoT devices in manufacturing, such as sensors on machinery,
robotics, and assembly lines, generates large amounts of data. Edge data
centers process this data locally, reducing latency and improving
responsiveness for real-time decision-making. Edge data centers play a critical
role in implementing predictive maintenance strategies. By analyzing data from
sensors and equipment at the edge, manufacturers can predict potential
equipment failures, schedule maintenance more efficiently, and reduce unplanned
downtime. Edge data centers allow manufacturers to analyze data from various
stages of the production process locally. This data-driven approach helps
identify bottlenecks, inefficiencies, and areas for process improvement.

North America segment to capture a significant market share
during the forecast period

The edge data center market includes regional segmentation
into Europe, Asia Pacific, North America, the Middle East and Africa, and Latin
America. As per region, North America accounts for the largest market share in
the global edge data center market in 2023, and this trend will persist during
the forecast period. North America has the most established edge data center
adoption due to several factors, such as large enterprises with sophisticated
IT infrastructure and skilled technical expertise. North America’s two most
significant edge data center market contributors are the US and Canada. It is a
region with strict regulations for several economic sectors and advanced
technology. North America is known for its technological advancements and early
adoption of innovative solutions. The large enterprises in this region are
rapidly adopting edge data center solutions and services to improve employee
experience and tackle any business continuity challenges amid COVID-19. In
North America, large enterprises and SMEs focus on developing innovative edge
data centers integrated with technological advancements, such as  5G, IoT,
AI, and ML; this would boost growth in the future.

About MarketsandMarkets™

MarketsandMarkets™
has been recognized as one of America's Best Management Consulting Firms by
Forbes, as per their recent report.

MarketsandMarkets™
is a blue ocean alternative in growth consulting and program management,
leveraging a man-machine offering to drive supernormal growth for progressive
organizations in the B2B space. With the widest lens on emerging technologies,
we are proficient in co-creating supernormal growth for clients across the
globe.

Today,
80% of Fortune 2000 companies rely on MarketsandMarkets, and 90 of
the top 100 companies in each sector trust us to accelerate their revenue
growth. With a global clientele of over 13,000 organizations, we
help businesses thrive in a disruptive ecosystem.

The
B2B economy is witnessing the emergence of $25 trillion in new revenue streams
that are replacing existing ones within this decade. We work with clients on
growth programs, helping them monetize this $25 trillion opportunity through
our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution,
Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built
on the 'GIVE Growth' principle, we collaborate with several Forbes Global 2000
B2B companies to keep them future-ready. Our insights and strategies are
powered by industry experts, cutting-edge AI, and our Market Intelligence
Cloud, KnowledgeStore™, which integrates research and provides
ecosystem-wide visibility into revenue shifts.

In
addition, MarketsandMarkets SalesIQ enables sales teams to identify high-priority accounts and
uncover hidden opportunities, helping them build more pipeline and win more
deals with precision.

To
find out more, visit www.MarketsandMarkets™.com or follow us on Twitter , LinkedIn and Facebook 

Contact:

Mr. Rohan Salgarkar

MarketsandMarkets™ INC.

1615
South Congress Ave.

Suite
103, Delray Beach, FL 33445

USA: +1-888-600-6441

Email:
sales@marketsandmarkets.com

Visit
Our Website: https://www.marketsandmarkets.com/