Edge Data Center Market Size, Share, Trends, Growth Outlook, and Opportunities to 2028
The Edge Data Center Market Size 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, according to new research report by MarketsandMarkets™ The need for low latency requirements for applications such as IoT, real-time analytics, and augmented reality has driven market growth.
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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
Top Edge Data Center Companies –
Dell (US), Eaton (Ireland), IBM (US), NVIDIA (US), Schneider Electric (France), Fujitsu (Japan), HPE (US), Cisco (US), Huawei (China), 365 Data Centers (US)