PUBLISHER: The Business Research Company | PRODUCT CODE: 1563198
PUBLISHER: The Business Research Company | PRODUCT CODE: 1563198
Hyperscale edge computing refers to an advanced evolution of edge computing, designed to meet the growing demand for efficient data processing in a world increasingly reliant on the Internet of Things (IoT) and real-time applications.
The hyperscale edge computing market consists of sales, by entities (such as organizations, sole traders or partnerships), of hyperscale edge computing solutions (hardware, software and services) that involve the deployment of highly scalable and efficient computing resources at the edge of the network, closer to where data is generated and consumed. This technology enables the processing of large volumes of data with minimal latency, thereby supporting real-time applications and services.
The global hyperscale edge computing market was valued at $889.19 million in 2018 which grew till 2023 at a compound annual growth rate (CAGR) of more than 30.0%.
Growth In The Adoption Of Cloud Computing
Growth in the adoption of cloud computing boosted the growth of the hyperscale edge computing market during the historic period. The rise in cloud computing adoption spurred demand for efficient, scalable data processing. As businesses moved to the cloud, they needed real-time, low-latency solutions that traditional infrastructure could not fully support. Hyperscale edge computing meets these needs by decentralizing resources closer to data sources, enhancing processing speed and reducing latency, thus supporting scalable cloud services and data-intensive applications. According to Gartner, Inc., a US-based technological research and management consulting company, global end-user spending on public cloud services was estimated to rise by 20.7% to $591.8 billion in 2023, up from $490.3 billion in 2022. This growth rate surpasses the 18.8% increase projected for 2022. Additionally, according to the 2022 State of the Cloud report published by Flexera, a US-based computer software company, a survey of 753 respondents on cloud adoption was performed in 2021. The survey stated an increase in year-on-year spending on cloud, with 53% spending $1.2 million in 2022, up from 38% in 2021. Therefore, growth in the adoption of cloud computing contributed to the growth of the hyperscale edge computing market.
Deployment Of Air-Gapped Cloud Appliances For Improved Digital Ecosystem Management
Major companies in the hyperscale edge computing market are focusing on advanced digital ecosystem management, with the deployment of air-gapped cloud appliances for providing secure, isolated environments for data processing and application deployment. These appliances are designed to operate independently from external networks, ensuring that sensitive data remains protected against cyber threats and unauthorized access. For instance, in July 2024, Google LLC, a US-based multinational corporation and technology company, introduced an air-gapped version of its Google Distributed Cloud (GDC) hardware for AI (artificial intelligence) edge computing. This solution allows enterprises to leverage cloud infrastructure for AI workloads in environments beyond Google's data centers. The new GDC offering includes an air-gapped appliance that operates Google's cloud stack, featuring Kubernetes clusters, data security services and the Vertex artificial intelligence (AI) platform. The Google Distributed Cloud air-gapped appliance will allow the Air Force Rapid Sustainment Office to deploy a digital maintenance ecosystem to remote locations, enhancing agility, while ensuring security and reliability.
The global hyperscale edge computing market is fragmented, with a large number of small players in the market. The top ten competitors in the market make up 9.67% of the total market in 2023.
Hyperscale Edge Computing Global Market Opportunities And Strategies To 2033 from The Business Research Company provides the strategists; marketers and senior management with the critical information they need to assess the global hyperscale edge computing market as it emerges from the COVID-19 shut down.
Where is the largest and fastest-growing market for hyperscale edge computing? How does the market relate to the overall economy; demography and other similar markets? What forces will shape the market going forward? The hyperscale edge computing market global report from The Business Research Company answers all these questions and many more.
The report covers market characteristics; size and growth; segmentation; regional and country breakdowns; competitive landscape; market shares; trends and strategies for this market. It traces the market's history and forecasts market growth by geography. It places the market within the context of the wider hyperscale edge computing market; and compares it with other markets.