How are Telecommunication and Healthcare Sectors driving Market Growth?
The telecommunications and healthcare sectors are the two leading industries driving the growth of the edge server market. The increasing adoption of 5G networks drives the demand for edge computing in the telecommunications industry to reduce latency and improve overall network performance.
It is particularly important for applications that require real-time data processing, such as video streaming, online gaming, and autonomous vehicles. Edge computing also helps to reduce the load on the centralized cloud infrastructure, improving its scalability and cost.
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In the healthcare sector, edge computing improves patient outcomes and reduces costs. Edge servers can collect and process data from various medical devices and sensors, including wearables, smart beds, and remote monitoring systems.
By processing this data at the network’s edge in real-time, healthcare providers can quickly identify and respond to critical situations, such as a sudden change in a patient’s vital signs. Edge computing also helps to protect patient privacy by keeping sensitive data on-site rather than transmitting it to a centralized cloud.
Overall, the adoption of edge computing is driven by the need for real-time data processing, reduced latency, and improved network performance. As more industries begin to recognize the benefits of edge computing, we can expect to see continued growth in the market.
Key Takeaways:
- The United States is dominating the global market by securing a maximum share by 2033.
- With a CAGR of 53.8%, the global edge server market is driving the market size during the forecast period.
- The market is securing a valuation of US$ 3.39 billion in the current year.
- In the historical period, the market secured a valuation of US$ 2.20 billion in 2022.
Other Prominent Players in the Market include:
- Dell Technologies
- Hewlett Packard Enterprise (HPE)
- Cisco Systems
- Huawei Technologies
- Fujitsu Limited
- NEC Corporation
- Juniper Networks
- International Business Machines Corporation
- Schneider Electric
- Vertiv Holdings
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Recent Developments in the Market are:
Dell Technologies: Dell Technologies is a multinational technology company that provides end-to-end computing solutions, including edge servers. In 2021, Dell Technologies launched its new edge computing portfolio, which includes the Dell EMC PowerEdge XE7100 server, designed for rugged environments and optimized for high-performance computing at the edge. Dell also announced its collaboration with International Business Machines to create an open-source platform for edge computing.
Hewlett Packard Enterprise (HPE): Hewlett Packard Enterprise is a multinational technology company that provides edge computing solutions, including servers, software, and networking solutions. In 2021, the company announced the launch of its new HPE Edgeline Converged Edge Systems, which combines edge computing, storage, and networking in a single ruggedized platform. Hewlett Packard Enterprise also acquired Silver Peak, a software-defined wide-area network (SD-WAN) provider, to enhance its edge-to-cloud networking capabilities.
Cisco Systems: Cisco is a multinational technology company that provides networking solutions, including edge servers. In 2021, Cisco announced the acquisition of Epsagon, a cloud-native application monitoring company, to expand its cloud and edge computing capabilities. Cisco also launched its new edge computing platform, the Cisco Catalyst Industrial Internet of Things 2.0, designed for industrial use cases such as manufacturing and oil and gas.
Lenovo: Lenovo is a multinational technology company that provides edge computing solutions, including servers and networking solutions. In 2021, Lenovo launched its new ThinkSystem SE350 edge server, designed for harsh environments and optimized for edge computing workloads. Lenovo also partnered with Microsoft to provide Azure Stack HCI solutions for edge computing.
Huawei: A multinational technology company that provides edge computing solutions, including servers, software, and networking solutions. In 2021, Huawei announced the launch of its new FusionServer Pro series servers, which are optimized for edge computing and Artificial Intelligence workloads. Huawei also launched its new OceanStor Pacific series storage system, designed for data-intensive workloads at the edge.
Know more about this market’s geographical distribution along with a detailed analysis of the top regions:
https://www.futuremarketinsights.com/reports/edge-server-market
Edge Server Market by Category
By Type:
- Hardware
- Services
- Platform
By Application:
- Internet of Things
- Video Surveillance
- Autonomous Vehicles
- Gaming
- Others
By Region:
- North America
- Latin America
- Europe
- South Asia & Pacific
- East Asia
- The Middle East & Africa (MEA)
Author:
Sudip Saha is the managing director and co-founder at Future Market Insights, an award-winning market research and consulting firm. Sudip is committed to shaping the market research industry with credible solutions and constantly makes a buzz in the media with his thought leadership. His vast experience in market research and project management a consumer electronics will likely remain the leading end-use sector cross verticals in APAC, EMEA, and the Americas reflects his growth-oriented approach to clients.
He is a strong believer and proponent of innovation-based solutions, emphasizing customized solutions to meet one client’s requirements at a time. His foresightedness and visionary approach recently got him recognized as the ‘Global Icon in Business Consulting’ at the ET Inspiring Leaders Awards 2022.
About Future Market Insights (FMI)
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