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AI Propels Edge Data Center Market to $22.11 Billion Growth by 2028

AI Propels Edge Data Center Market to $22.11 Billion Growth by 2028

November 28, 2024, New York – Technavio has released a report revealing that the global edge data center market will grow with a revenue of USD 22.11 billion by 2024 and 2028 with an annual inflated rate of 23.57%. The significant factors that spur the growth of the data center market include an increasing number of users demanding video streaming services, and a rise in AI implementation in data centers. 

Edge data centers are now being popularized in industries that need real-time data processing along with low latency and improved network traffic management. Yet the organization of monitoring edge data center equipment at various locations does prove difficult because of these advances. 

Some prominent players in this market are Dell Technologies, Equinix Inc., EdgeConneX Inc., and vXchnge, among others. The components and IT racks, as well as professional services and analytics tools, which they provide, drive operations across industries, including IT and telecommunications, BFSI, government, healthcare, and retail. In addition to their application in e-commerce, logistics, and industrial automation, edge data centers optimize the streaming experience for gaming and entertainment applications.

AI is revolutionizing edge data centers enabling faster and efficient decision-making and optimization in power, server and cooling systems, leading to energy savings, cost reductions, and improved performance. AI-driven automation further reduces human participation in operation and performs all activities in a data center.

Some of the challenges faced by edge data centers are managing decentralized operations, ensuring that the environment is dust-free and not too hot, and real-time monitoring of cabinet equipment across several sites. A complete answer to these emerging challenges is advanced dashboards built for real-time monitoring coupled with a skilled team of Network Operations Center (NOC) technicians to maintain functionality at optimal levels.

While some challenges may exist, edge computing enables better data processing and business agility. As innovation continues, edge data centers are expected to remain a powerful base of modern digital infrastructures.

Source: https://www.prnewswire.com/news-releases/edge-data-center-market-to-expand-by-usd-22-11-billion-2024-2028-rising-video-streaming-demand-fuels-growth-report-highlights-ais-market-impact—technavio-302318447.html

 

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Savio Jacob
Savio is a key contributor to Times OF AI, shaping content marketing strategies and delivering cutting-edge business technology insights. With a focus on AI, cybersecurity, machine learning, and emerging technologies, he provides business leaders with the latest news and expert opinions. Leveraging his extensive expertise in researching emerging tech, Savio is committed to offering unbiased and insightful content. His work helps businesses understand their IT needs and how technology can support them in achieving their goals. Savio's dedication ensures timely and relevant updates for the tech community.
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