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Edge Server Market Size to Grow USD 18990 Million by 2030 at a CAGR of 30.6% | Valuates Reports

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BANGALORE, India, July 10, 2024 /PRNewswire/ — Edge Server Market is Segmented by Type (Blade, Rack, HCI), by Application (Industrial Servers, Commercial Servers): Global Opportunity Analysis and Industry Forecast, 2024-2030.

The global Edge Server Market was valued at USD 2873.1 Million in 2023 and is anticipated to reach USD 18990 Million by 2030, witnessing a CAGR of 30.6% during the forecast period 2024-2030.

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Major Factors Driving the Growth of Edge Server Market:

Because of the growing need for real-time applications and low-latency data processing, the edge server market is expanding significantly. Closer to the end users, edge servers enable better performance and faster data handling for activities like IoT device management, autonomous driving, and infrastructure for smart cities. The development of 5G technology, the rising use of AI and machine learning at the edge, and the expanding need for effective data management solutions are the main factors driving this market expansion. In order to guarantee uninterrupted data processing capabilities, lower latency, and improve operational efficiency, businesses are substantially investing in edge computing infrastructure; as a result, the edge server market is an essential part of the contemporary digital ecosystem.

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TRENDS INFLUENCING THE GROWTH OF THE EDGE SERVER MARKET:

The market for edge servers is expanding thanks in large part to rack servers, especially for industrial use cases. Their dependability, scalability, and strong performance make them perfect for meeting the rigorous demands of industrial settings. Large volumes of data produced by industrial IoT devices and sensors may be effectively managed by rack servers, enabling real-time analytics and decision-making. Their capacity to meet demanding storage and high-performance computing requirements under challenging circumstances guarantees continuous operations and increased efficiency. Rack servers are essential for streamlining industrial processes by lowering latency and enabling localized data processing. This has led to a notable increase in the edge server industry.

Blade edge servers’ small size, high density, and energy efficiency are propelling the edge server market’s expansion. These servers are especially useful in spaces where there are limitations on space since they have a modular design that makes maintenance and scalability simple. Densely packing blade servers into a single chassis maximizes processing capability while reducing energy usage and physical footprint. Because of their capacity to handle a wide range of workloads and applications, they are perfect for edge computing scenarios where high performance and fast deployment are crucial. Blade edge servers are a popular option for companies wishing to expand their edge computing capabilities because to their efficiency and flexibility, which is driving market growth.

The market for edge servers is expanding due to the fact that commercial edge servers are fulfilling the different demands of companies in different industries. These servers are appropriate for a variety of business applications because they provide a good mix of performance, affordability, and ease of setup. Commercial edge servers facilitate localized data processing, which speeds up response times and improves user experiences in a variety of industries, including banking, retail, healthcare, and education. Particularly with the expanding usage of IoT and digital services, their scalability and agility enable organizations to better manage data flow and enhance their operations. Commercial edge servers are becoming increasingly popular due to their adaptability and usefulness, which is greatly propelling the edge server market’s growth.

The increasing need for low-latency applications is one of the main factors propelling the edge server market’s expansion. Near-instantaneous data processing is becoming critical due to the growth of real-time applications including financial trading platforms, online gaming, and driverless cars. Because of the physical distance that data must travel, traditional centralized data centers frequently increase delay. Faster reaction times are made possible by edge servers, which are situated closer to the data source and greatly minimize latency. This low-latency feature is essential for applications that need to process and receive data instantly, which helps explain why edge servers are becoming more and more popular in a variety of sectors.

The increasing need for low-latency applications is one of the main factors propelling the edge server market’s expansion. Near-instantaneous data processing is becoming critical due to the growth of real-time applications including financial trading platforms, online gaming, and driverless cars. Because of the physical distance that data must travel, traditional centralized data centers frequently increase delay. Faster reaction times are made possible by edge servers, which are situated closer to the data source and greatly minimize latency. This low-latency feature is essential for applications that need to process and receive data instantly, which helps explain why edge servers are becoming more and more popular in a variety of sectors.

The market for edge servers is mostly driven by cost effectiveness. Infrastructural and maintenance costs for traditional centralized data centers are high. Conversely, edge servers provide a more affordable option by eliminating the requirement for large-scale data transmission and central processing. Reduced bandwidth expenses and a reduced need for costly data center expansions are two benefits of localized data processing. Moreover, enterprises may extend their infrastructure in accordance with demand by deploying edge servers progressively. Because of their affordability and scalability, edge servers are a desirable choice for businesses trying to maximize their IT spending.

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EDGE SERVER MARKET SHARE:

Because of its robust technological infrastructure, early adoption of 5G and IoT, and concentration of large tech businesses heavily invested in edge computing solutions, North America has the highest market share.

Asia Pacific is expanding rapidly as a result of growing industrial automation, government programs supporting digital transformation, and a thriving IoT market. Although China is a major participant in this, developing nations like South Korea and India are also expanding rapidly.

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Key Companies:

Dell IncHPELenovoCiscoNokiaHuaweiGIGABYTE TechnologyFujitsu LimitedADLinkAtosAdvantechSugonInspurOnLogicTrusme

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Technology

MESCIUS inc. Recognized in 2024 ComponentSource Awards

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PITTSBURGH, July 19, 2024 /PRNewswire/ — MESCIUS inc, a global provider of award-winning enterprise software development tools, is pleased to announce that it has been recognized as the 2024 number two publisher and top five publisher by ComponentSource, the world’s largest marketplace for software components and development tools. ComponentSource also recognized MESCIUS for its many top-selling products on its annual listing.

Discover what MESCIUS products received top awards in the 2024 ComponentSource Awards.

As the component and tools market continues to expand with more mature technologies, MESCIUS inc. is pleased to offer high-performing and robust components that allow developers to “write once, deploy anywhere” across mobile, web, desktop, server, and multiple OS platforms.

ActiveReports. NET Professional received a #5 Product Award and a Top 5 Product Award. Spread. NET and ComponentOne Studio Enterprise were each honored with Top 10 Product Awards. ActiveReports .NET Standard and ComponentOne Studio WinForms received a Top 25 Product Award, while SpreadJS and Wijmo earned Top 50 Product Awards. ComponentOne Studio ActiveX, ComponentOne Studio WPF, and ActiveReportsJS secured a Top 100 Product Award. In addition to the various product awards, MESCIUS inc received a #2 Publisher Award and a Top 5 Publisher Award.

Publisher and product rankings are calculated based on ComponentSource’s actual sales orders placed by customers globally during 2023.

View the 2024 Publisher Awards List.View the 2024 Product Awards List.

“As with previous years, these awards are derived from the orders we’ve received from our global customer base,” said Sam Patterson, ComponentSource CEO. “They offer an authentic snapshot of the global market for commercial software components and development tools in 2023. We believe our awards provide precise, real-world insights into how our customers are utilizing these components and development tools in their most recent projects.”

“The rebranding from GrapeCity Developer Solutions to MESCIUS Inc. in 2023 marked a significant milestone, introducing not only a new name but also a revitalized approach to our product suite,” stated Joseph Lininger, Director of Marketing at MESCIUS (formerly GrapeCity). “We are delighted to continue our longstanding partnership with ComponentSource, which has been instrumental in distributing our .NET and JavaScript grids, UI components, reporting tools, spreadsheet and document APIs, and mobile controls. This collaboration ensures that our global developer community remains well-equipped with superior products and services they have come to expect from us.”

About ComponentSource ComponentSource is the world’s largest marketplace for reusable software components for all platforms. The respected barometer for the component industry, ComponentSource pioneered the open market for reusable software components in 1995 and continues to drive the market through its award-winning e-business model and groundbreaking work to establish the first widely accepted reusable component standard. A global e-business with customers in over 180 countries, ComponentSource is headquartered in Atlanta, GA United States and has offices in Reading, England, Dublin, Ireland and Tokyo, Japan. For more information, please visit http://www.componentsource.com.

About MESCIUS MESCIUS inc. is one of the world’s largest providers of developer components. The company retains 400 employees and hundreds of thousands of customers worldwide. MESCIUS inc. is committed to providing enterprises around the world with state-of-the-art developer tools and components, software services, and solutions. For more information, visit https://developer.mescius.com.

All product and company names herein may be trademarks of their respective owners.

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tKash Celebrates 1st Anniversary with Major Milestones and Exciting Promotions

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Achieving 100,000 Registrations, International Reach, and Celebratory Promotions Highlight tKash’s Remarkable First Year

KUALA LUMPUR, Malaysia, July 19, 2024 /PRNewswire/ — tKash, a pioneering financial services app, is celebrating its first anniversary with notable achievements and exciting promotions. Launched with a vision to simplify financial transactions, tKash has reached impressive milestones, including 100,000 registrations and up to 10,000 daily active users.

Since its inception, tKash has been dedicated to providing seamless and secure financial services. The app has enabled users to transfer up to RM 1 million across borders, offering peace of mind with its reliable and efficient service. In addition to money transfers, tKash provides convenient currency exchange services for up to 10 countries’ currencies, including Bangladesh, Indonesia, India, the Philippines, Pakistan, Singapore, Vietnam, Thailand, and Myanmar.

One of the standout features of tKash is its Live FC (foreign currency) Rates, which allows users to track currency fluctuations in real time, ensuring they make informed decisions when exchanging currencies.

The company’s growth and success have not gone unnoticed. tKash proudly featured its video on the iconic New York Times Square billboard and displayed billboards in Kuala Lumpur, enhancing its brand visibility on an international scale. Influencers from countries such as Thailand have shared positive reviews on social media, further boosting tKash’s presence on social media.

To celebrate its first anniversary, tKash is running a special promotion where users who refer their friends have the chance to share in a RM100,000 prize pool, making it even more rewarding to engage with the app. The company continues to innovate, with regular updates to its app, which are available for download on both the PlayStore and AppStore. In January 2024, tKash launched its official website, providing users another platform to access its services.

In just one year, tKash has proven to be a game-changer in the financial services industry, making everyday transactions smoother and more accessible. With its tech-savvy team and commitment to customer satisfaction, tKash is poised for continued growth and success.

tKash is a leading financial services app committed to making financial transactions easier and more accessible. With secure money transfers, real-time currency exchange rates, and a user-friendly interface, tKash transforms how people manage their finances. For more information, visit tKash.co.

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Saronic Raises $175 Million in Series B Funding, Valuing Company at $1 Billion

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Funding will accelerate Saronic’s growth and further scale production of its autonomous surface vessels for the U.S. Navy and its allies

AUSTIN, Texas, July 19, 2024 /PRNewswire/ — Saronic, a defense technology leader that designs and manufactures autonomous surface vessels (ASVs), today announced a $175 million Series B raise placing the company’s valuation at $1 billion. The funding round was led by Andreessen Horowitz (a16z), with participation from both new and existing investors, including 8VC, Caffeinated Capital, Elad Gil, and NightDragon, among others.

Saronic is redefining maritime superiority for the U.S. Navy and its allies by delivering the most effective and advanced ASVs at the speed and scale needed to meet the rapidly growing needs of the Joint Force. Saronic’s ASVs are designed to serve as a force multiplier for the existing Fleet, working alongside manned systems to allow naval forces to go farther and do more with less risk to life and mission. 

“We are creating an entirely new capability for the maritime domain, one that delivers naval power without the costs and delays of a shipyard,” said Saronic CEO Dino Mavrookas. “As the future of naval warfare will rely on manned and unmanned teaming, we must build solutions that easily integrate into the existing fleet and can be produced at scale to meet any emerging threat. We are grateful to our investment partners who believe so strongly in Saronic’s ability to meet that need.”

Saronic’s investor group is composed of firms committed to ensuring that the U.S. military maintains its decisive advantage in the face of an increasingly complex and competitive global threat landscape through the integration of advanced technology and innovative capabilities that truly meet the needs of the warfighter. 

“Our nation’s future depends on us continuing to build and deploy the best, most innovative technology” said Katherine Boyle, General Partner at a16z. “Saronic is developing the solutions we need to protect the warfighter and stay ahead of our adversaries, and we are proud to support their continued growth.”

This new investment will accelerate Saronic’s growth both domestically and internationally. At home, it will allow further expansion of Saronic’s in-house manufacturing capabilities and enable increased production of all its ASV models. Additionally, it will advance the research and development of new autonomous capabilities for naval and maritime forces, including increased technology and payload integration with government and commercial partners. Internationally, this investment will support Saronic’s expansion to more fully serve U.S. allies and partners in key markets.

“To deter China and other adversaries, the United States and our allies must bring intelligent, autonomous new capabilities to naval warfare,” said Alex Moore, Partner at 8VC. “Saronic delivers these capabilities on a relevant scale and timeline, and has enlisted the top engineers and operators in the industry.”

Saronic’s family of ASVs includes Spyglass (6′), Cutlass (14′) and Corsair, its largest model, which is currently in development and testing. Each vessel features integrated autonomous capabilities to meet a customer’s specific requirements and can carry diverse payloads in communication- and GPS-denied environments. Through the vertical integration of hardware and software as well as the use of a Modular Open Systems Architecture (MOSA), Saronic’s ASVs deliver greater interoperability at a price point that makes them attritable. Having a cost-effective capability that can be deployed without putting human operators in harm’s way increases the survivability of the fleet and enables commanders to engage in situations where the risk is too high to deploy a traditional manned system.

For more information about Saronic, please visit: https://www.saronic.com.  

Media Contact: Press@saronic.com 

 

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