The Edge Data Centers – Global Strategic Business Report has been released. Its results show that the market for Edge Data Centers was up to US$11.2bn in 2023 and it is expected to reach US$33.9bn by 2030. From 2023 to 2030, it is expected to grow at a CAGR of 14.8%.
The Global Edge Data Centers Market is the segment of the data centre industry which focuses on deploying small-scale data centres at the edge of the network, closer to end-users and their devices. Edge data centres are built to process, store and manage data locally, in order to reduce latency and improve performance. This market is driven by the increased demand for faster data processing and support for emerging technologies like IoT, 5G networks, autonomous vehicles and augmented/virtual reality.
The US market for edge data centres was estimated at US$5.1bn in 2023, while the market in China sits at 15.6% CAGR, which is expected to hit US$3.1bn by 2030. There are also strong growth trends from Japan, Canada, Germany and the Asia-Pacific.
The report also features company profiles of major players such as ABB Ltd., Amazon Web Services, Inc., and Cisco Systems.
Edge computing companies and solutions
The explosion of big data has transformed how we collect, store, and analyse information. As the volume of data continues to grow, traditional data centre-based approaches are facing increasing limitations in handling this increase in data effectively. This is where edge computing emerges as a promising solution for big data management and analysis.
In our Top 10: Edge Computing Companies and Solutions, we explored some of the biggest names in edge computing.
The rapid growth of AI – along with other modern technologies – is feeding an insatiable demand for data centres worldwide. According to research by Statista, the total amount of data created, captured, copied and consumed globally in 2020 was 64.2 zettabytes. Leading up to 2025, global data creation is projected to grow to more than 180 zettabytes. (For an idea of just how mind-bogglingly large that number is, one zettabyte is equal to a trillion gigabytes.)
Kove:SDM™ is a breakthrough technology that allows individual servers to draw from a common memory pool on a scale way beyond what’s possible using a physical server. Crucially, this means each job receives exactly the memory it needs.
Kove’s Founder and CEO John Overton describes this process as ‘memory virtualisation’, and says it is playing a crucial role in advancing computing capabilities – a feat that for decades has proven too tough a nut for conventional approaches to crack.
“Memory is the last component to have been virtualised, made generic and commodified in the way that every other facet of computing has been,” Overton explains. He adds that the company spent five years on “hardcore R&D”, before engaging in a disciplined, decade-long development effort to address the memory wall through a software-only approach.
The need of organisations to meet the increased power requirements of high-performance computing has spurred several innovations in the field of data centre design and technology.
One pioneering solution at the forefront of this transformation is Kove:SDM™, Kove’s Software-Defined Memory solution that enables enterprises to maximise the performance of their people and infrastructure.
“We took a look around and saw that nobody had any idea how to do it,” he says. “We tried everything that everybody else had done – and failed at repeatedly – but then we cracked the code. Now, here we are today. We’ve been doing extremely high-end computing for a long time and have worked our tails off to get here.”
Kove was founded 20 years ago with a mission to “think differently about what could be done with computing”, says Overton, who adds that today, the company is home to “passionate software engineers and technologists committed to delivering the products and personalised services that enable every enterprise to reach its full potential”.
