Edge Data Center Market Size, Share, Growth Analysis, By Component (Solutions, Services), By Organization Size (Large Enterprises, SMEs), By End User Industry, By Location, By Application, By Region - Industry Forecast 2024-2031

Global Edge Data Center Market size was valued at USD 9.33 billion in 2022 and is poised to grow from USD 11.05 billion in 2023 to USD 42.66 billion by 2031, growing at a CAGR of 18.4% during the forecast period (2024-2031). 

The network's edge is greatly expanded by edge data center as they provide processing and sending data to local end users, thus making it possible for them to have access to cloud computing resources and cached streaming content in smaller energy efficient structures. Due to the edge snagging effect, edge data centres are closer to local end users and are mainly used in the IT infrastructure as well as communication. This allows them to provide speedier services with lower latency. IoT edge computing devices, or edge data centres, are essential to the financial and healthcare industries, which depend on high-frequency data-driven services.

To achieve effective network performance and robust security, edge data center provides advantages that make it impossible for a single disruption to bring down the network. Positioning edge data centres closer to end users reduces the possibility of network issues in remote regions and enables businesses to target lucrative markets without incurring costly infrastructure expansion costs. As a result of ongoing developments in this region, which aid businesses in optimizing their networks and offer advantages over highly centralized traditional cloud computing networks, it is expected that the market share of edge data centres will expand rapidly in the years to come.