Edge Data Center Demand Is Skyrocketing - And Generative AI And IoT Are The Key Drivers Fueling This Rapid Growth
CLOUDPro, Tuesday, August 13th, 2024
The edge data center market is expected to surpass $300 billion in value by 2026, but what's driving this rapid growth?
Edge data centers are set for a boom thanks to the growth in Internet of Things (IoT) and generative AI technologies, according to new research.
Analysis from global real estate consulting firm JLL predicts that the global market for edge IT infrastructure and data centers will hit $317 billion by 2026, more than doubling from the 2020 value of $153 billion.
The main driver for this growth, the firm said, is the increasing use of IoT and AI technologies, with JLL forecasting that IoT will show a compound annual growth rate (CAGR) of 9.8% over the next five years.