BANGALORE, India, July 10, 2024 /PRNewswire/ -- Edge Server
Market is Segmented by Type (Blade, Rack, HCI), by Application
(Industrial Servers, Commercial Servers): Global Opportunity
Analysis and Industry Forecast, 2024-2030.
The global Edge Server Market was valued at USD 2873.1 Million in 2023 and is anticipated to
reach USD 18990 Million by 2030,
witnessing a CAGR of 30.6% during the forecast period
2024-2030.
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Major Factors Driving the Growth of Edge Server
Market:
Because of the growing need for real-time applications and
low-latency data processing, the edge server market is expanding
significantly. Closer to the end users, edge servers enable better
performance and faster data handling for activities like IoT device
management, autonomous driving, and infrastructure for smart
cities. The development of 5G technology, the rising use of AI and
machine learning at the edge, and the expanding need for effective
data management solutions are the main factors driving this market
expansion. In order to guarantee uninterrupted data processing
capabilities, lower latency, and improve operational efficiency,
businesses are substantially investing in edge computing
infrastructure; as a result, the edge server market is an essential
part of the contemporary digital ecosystem.
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TRENDS INFLUENCING THE GROWTH OF THE EDGE SERVER
MARKET:
The market for edge servers is expanding thanks in large part to
rack servers, especially for industrial use cases. Their
dependability, scalability, and strong performance make them
perfect for meeting the rigorous demands of industrial settings.
Large volumes of data produced by industrial IoT devices and
sensors may be effectively managed by rack servers, enabling
real-time analytics and decision-making. Their capacity to meet
demanding storage and high-performance computing requirements under
challenging circumstances guarantees continuous operations and
increased efficiency. Rack servers are essential for streamlining
industrial processes by lowering latency and enabling localized
data processing. This has led to a notable increase in the edge
server industry.
Blade edge servers' small size, high density, and energy
efficiency are propelling the edge server market's expansion. These
servers are especially useful in spaces where there are limitations
on space since they have a modular design that makes maintenance
and scalability simple. Densely packing blade servers into a single
chassis maximizes processing capability while reducing energy usage
and physical footprint. Because of their capacity to handle a wide
range of workloads and applications, they are perfect for edge
computing scenarios where high performance and fast deployment are
crucial. Blade edge servers are a popular option for companies
wishing to expand their edge computing capabilities because to
their efficiency and flexibility, which is driving market
growth.
The market for edge servers is expanding due to the fact that
commercial edge servers are fulfilling the different demands of
companies in different industries. These servers are appropriate
for a variety of business applications because they provide a good
mix of performance, affordability, and ease of setup. Commercial
edge servers facilitate localized data processing, which speeds up
response times and improves user experiences in a variety of
industries, including banking, retail, healthcare, and education.
Particularly with the expanding usage of IoT and digital services,
their scalability and agility enable organizations to better manage
data flow and enhance their operations. Commercial edge servers are
becoming increasingly popular due to their adaptability and
usefulness, which is greatly propelling the edge server market's
growth.
The increasing need for low-latency applications is one of the
main factors propelling the edge server market's expansion.
Near-instantaneous data processing is becoming critical due to the
growth of real-time applications including financial trading
platforms, online gaming, and driverless cars. Because of the
physical distance that data must travel, traditional centralized
data centers frequently increase delay. Faster reaction times are
made possible by edge servers, which are situated closer to the
data source and greatly minimize latency. This low-latency feature
is essential for applications that need to process and receive data
instantly, which helps explain why edge servers are becoming more
and more popular in a variety of sectors.
The increasing need for low-latency applications is one of the
main factors propelling the edge server market's expansion.
Near-instantaneous data processing is becoming critical due to the
growth of real-time applications including financial trading
platforms, online gaming, and driverless cars. Because of the
physical distance that data must travel, traditional centralized
data centers frequently increase delay. Faster reaction times are
made possible by edge servers, which are situated closer to the
data source and greatly minimize latency. This low-latency feature
is essential for applications that need to process and receive data
instantly, which helps explain why edge servers are becoming more
and more popular in a variety of sectors.
The market for edge servers is mostly driven by cost
effectiveness. Infrastructural and maintenance costs for
traditional centralized data centers are high. Conversely, edge
servers provide a more affordable option by eliminating the
requirement for large-scale data transmission and central
processing. Reduced bandwidth expenses and a reduced need for
costly data center expansions are two benefits of localized data
processing. Moreover, enterprises may extend their infrastructure
in accordance with demand by deploying edge servers progressively.
Because of their affordability and scalability, edge servers are a
desirable choice for businesses trying to maximize their IT
spending.
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EDGE SERVER MARKET SHARE:
Because of its robust technological infrastructure, early
adoption of 5G and IoT, and concentration of large tech businesses
heavily invested in edge computing solutions, North America has the highest market
share.
Asia Pacific is expanding
rapidly as a result of growing industrial automation, government
programs supporting digital transformation, and a thriving IoT
market. Although China is a major
participant in this, developing nations like South Korea and India are also expanding rapidly.
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Key Companies:
- Dell Inc
- HPE
- Lenovo
- Cisco
- Nokia
- Huawei
- GIGABYTE Technology
- Fujitsu Limited
- ADLink
- Atos
- Advantech
- Sugon
- Inspur
- OnLogic
- Trusme
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