Hyperscale Edge Computing Market 2024 | Market Size, Key Drivers, Industry Developments, Share, Future Growth Prospects and Forecast To 2033

 

The Hyperscale Edge Computing  by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

 

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According to The Business Research Company’s Hyperscale Edge Computing , The hyperscale edge computing market size has grown exponentially in recent years. It will grow from $3.43 billion in 2023 to $4.58 billion in 2024 at a compound annual growth rate (CAGR) of 33.4%.  The  growth in the historic period can be attributed to demand for real-time decision making, edge infrastructure development, cloud augmentation with edge computing, latency-sensitive applications, data privacy and security concerns..

 

The hyperscale edge computing market size is expected to see exponential growth in the next few years. It will grow to $15 billion in 2028 at a compound annual growth rate (CAGR) of 34.5%.  The growth in the forecast period can be attributed to 5g network expansion, iot proliferation, ai and machine learning integration, edge data analytics, autonomous vehicles and smart cities.. Major trends in the forecast period include emergence of edge-native development platforms, decentralized data processing, edge ai and machine learning, edge-optimized cloud services, rise of edge-as-a-service (eaas)..

 

The increasing number of edge data centers is expected to propel the growth of the hyperscale edge computing market going forward. Edge data centers are smaller, decentralized facilities that offer computing and storage in a place nearer to where data is being generated and used, where by lowering latency and maximizing bandwidth, these facilities make new applications possible. Hyperscale edge computing is used in edge data centers to provide scalability of IT infrastructure to increase the computational ability of data centers, networking infrastructure, or storage resources to respond to demands to comprehensive data analysis that leads to better insights, quicker response times and improved user experiences. For instance, in May 2021, according to the Uptime Institute, LLC, a US-based IT service management company survey, over 90% of respondents in North America plan to use more than five edge data centers in the next two to three years. The US and Canada have the highest percentage of owners/operators who intend to use more than 20 edge data centers in the coming years, with Asia-Pacific and China coming in second and third, respectively. Therefore, the increasing number of edge data centers is driving the growth of the hyperscale edge computing market.

 

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The hyperscale edge computing market covered in this report is segmented –

1) By Component: Hardware, Software, Service

2) By Enterprise Size: Small and Medium Size Enterprises (SMEs), Large Enterprises

3) By Application: Industrial IoT, Content Delivery, AR (Augmented Reality) Or VR (Virtual Reality), Remote Monitoring, Other Applications

4) By End-User: IT (Information Technology) And Telecom, Government, Healthcare, BFSI (Banking, Financial Services And Insurance), Retail, Utility, Manufacturing, Other End-Users

 

Top Major Players

Hewlett Packard Enterprise

Amazon Web Services Inc.

Cisco Systems Inc.

Dell Inc.

Google LLC

 

Strategic partnerships are a key trend in gaining popularity in the hyperscale edge computing market. Major companies operating in the hyperscale edge computing market are focused on partnership and collaboration to strengthen their position in the market. For instance, in February 2021, Hewlett Packard Enterprise Company, a US-based company operating in the hyperscale edge computing market, partnered with Microsoft Corporation, a US-based technology corporation for an undisclosed amount. Through this partnership, Hewlett Packard Enterprise Company aims to deliver edge computing, artificial intelligence (AI)and Azure cloud computing capabilities on the International Space Station (ISS). Furthermore, in December 2021, Verizon Communications Inc., a US-based telecommunication company that offers edge computing solutions collaborated with Google LLC, a US-based technology company and Ericsson, Telefonaktiebolaget LM Ericsson, a Sweden-based networking and telecommunications company. With the partnerships, companies aim to build a 5G edge computing ecosystem to provide a dedicated private network and on-premises edge computing infrastructure that is beneficial for businesses in a variety of industries.

 

The hyperscale edge computing  market report table of contents includes:

1. Executive Summary

2. Hyperscale Edge Computing Market Characteristics

3. Hyperscale Edge Computing Market Trends And Strategies

4. Hyperscale Edge Computing Market - Macro Economic Scenario

5. Global Hyperscale Edge Computing Market Size and Growth

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31. Global Hyperscale Edge Computing Market Competitive Benchmarking

32. Global Hyperscale Edge Computing Market Competitive Dashboard

33. Key Mergers And Acquisitions In The Hyperscale Edge Computing Market

34. Hyperscale Edge Computing Market Future Outlook and Potential Analysis

35. Appendix

 

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