Edge Data Centers Market to Be Worth $48.3 Billion by 2031 - Exclusive Report by Meticulous Research®

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.

Download Sample Report Now- https://www.meticulousresearch.com/download-sample-report/cp_id=5411 

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.

Get a Glimpse Inside: Request Sample Pages- https://www.meticulousresearch.com/request-sample-report/cp_id=5411 

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.

Have Specific Research Needs? Request a Customized Report- https://www.meticulousresearch.com/request-customization/cp_id=5411 

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.).

Browse In-depth Report Now- https://www.meticulousresearch.com/product/edge-data-center-market-5411 

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

Unlock Opportunities: Buy Now- https://www.meticulousresearch.com/Checkout/64015339 

Related Reports:

Edge Computing Market by Application (Smart Cities, Industrial IoT, Remote Monitoring, Content Delivery, AR VR), Industry (Manufacturing, Retail, Healthcare, Media, Telecommunications, Logistics, Government, Energy, Utilities) - Global Forecast to 2027

Software-Defined Wide Area Network (SD-WAN) Market by Component, Organization Size, Deployment Mode, End User (Communication Service Providers, Data Centers, and Enterprises), and Geography—Global Forecast to 2029

Cloud Computing Market by Service Model (Infrastructure as a Service, Platform as a Service, and Software as a Service), Deployment Mode, Organization Size, End User (BFSI, Retail, and Healthcare), and Geography—Global Forecast to 2030

Infrastructure as a Service Market by Offering (Data Centers, Storage, Compute, Network), Deployment Mode (Public Cloud, Private Cloud, Hybrid Cloud), End-use Industry (IT & Telecom, BFSI, Healthcare), and Geography—Global Forecast to 2030

Cloud Security Market by Component (Solutions, Services), Security Type (Network Security, Application Security), Service Model, Organization Size, and End User (BFSI, Government, Retail, and Other End Users)—Global Forecast to 2029

Cloud Managed Services Market by Type, Deployment Mode, Organization Size, Sector (IT & Telecommunications, BFSI, Retail & Consumer Goods and Healthcare & Life Sciences)—Global Forecast to 2030

Cloud Analytics Market by Component, Type (Predictive, Prescriptive, Descriptive, Diagnostic), Deployment Mode, Industry Vertical (BFSI, Healthcare, IT, Manufacturing, Media, Retail, Education, Utilities), and Region—Global Forecast to 2028

About Meticulous Research®

Meticulous Research® was founded in 2010 and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a private limited company under the Companies Act, 1956. Since its incorporation, the company has become the leading provider of premium market intelligence in North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.

The name of our company defines our services, strengths, and values. Since the inception, we have only thrived to research, analyze, and present the critical market data with great attention to details. With the meticulous primary and secondary research techniques, we have built strong capabilities in data collection, interpretation, and analysis of data including qualitative and quantitative research with the finest team of analysts. We design our meticulously analyzed intelligent and value-driven syndicate market research reports, custom studies, quick turnaround research, and consulting solutions to address business challenges of sustainable growth.

Contact:
Mr. Khushal Bombe
Meticulous Market Research Inc.
1267 Willis St, Ste 200 Redding,
California, 96001, U.S.
USA: +1-646-781-8004
Europe : +44-203-868-8738
APAC: +91 744-7780008
Email- sales@meticulousresearch.com
Visit Our Website: https://www.meticulousresearch.com/
Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research
Content Source: https://www.meticulousresearch.com/pressrelease/639/edge-data-center-market-2031

Logo: https://mma.prnewswire.com/media/1757980/Meticulous_Research_Logo_1.jpg