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Edge Data Center Market to Expand by USD 22.11 Billion (2024-2028), Rising Video Streaming Demand Fuels Growth, Report Highlights AI’s Market Impact – Technavio

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NEW YORK, Nov. 28, 2024 /PRNewswire/ — Report on how AI is redefining market landscape – The global edge data center market size is estimated to grow by USD 22.11 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of almost 23.57% during the forecast period. Rising demand for video streaming services is driving market growth, with a trend towards implementation of ai in data centers. However, monitoring edge data center equipment across multiple locations poses a challenge. Key market players include 365 Data Centers, Compass Datacenters LLC, DC BLOX Inc., Dell Technologies Inc., Digital Realty Trust Inc., Eaton Corp. Plc, EdgeConneX Inc., Equinix Inc., Flexential Corp., Friedhelm Loh Stiftung and Co. KG, Fujitsu Ltd., Hewlett Packard Enterprise Co., Hitachi Ltd., Huawei Technologies Co. Ltd., International Business Machines Corp., Johnson Controls International Plc, Panduit Corp., Schneider Electric SE, Vapor IO Inc., and Vertiv Holdings Co..

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Forecast period

2024-2028

Base Year

2023

Historic Data

2018 – 2022

Segment Covered

End-user (IT and telecommunication, Manufacturing and automotive, BFSI, Healthcare and life sciences, and Others), Component (IT infrastructure, General construction, Power management systems, Cooling systems, and Others), and Geography (North America, APAC, Europe, South America, and Middle East and Africa)

Region Covered

North America, APAC, Europe, South America, and Middle East and Africa

Key companies profiled

365 Data Centers, Compass Datacenters LLC, DC BLOX Inc., Dell Technologies Inc., Digital Realty Trust Inc., Eaton Corp. Plc, EdgeConneX Inc., Equinix Inc., Flexential Corp., Friedhelm Loh Stiftung and Co. KG, Fujitsu Ltd., Hewlett Packard Enterprise Co., Hitachi Ltd., Huawei Technologies Co. Ltd., International Business Machines Corp., Johnson Controls International Plc, Panduit Corp., Schneider Electric SE, Vapor IO Inc., and Vertiv Holdings Co.

Key Market Trends Fueling Growth

Edge data centers are gaining popularity in today’s digital world, particularly in industries that require real-time data processing and low latency. Trends like Big Data, Artificial Intelligence, Cloud, Streaming services, and 5G are driving the need for edge computing. Edge data centers help businesses process data closer to the source, improving application performance, network traffic management, and business agility. Industries like E-commerce platforms, Walmart, and the logistics industry are adopting edge data centers for data processing and industrial automation. Edge data centers are also essential for industries with remote sites, such as branch offices, production floors, and oil rigs. Edge data centers are crucial for industries with high network traffic, like AI applications, machine learning, natural language processing, and video streaming. Dell Technologies, Equinix Inc, EdgeConneX Inc, and vXchnge are leading providers of edge data center components, services, IT racks & enclosures, DCIM software, data center analytics, professional services, and managed services. Edge data centers help businesses in the IT & telecom industry, BFSI industry, Government industry, Healthcare & life science, and Retail & E-commerce industries to operate more efficiently. Edge data centers also help improve the streaming experience for gaming & entertainment applications. Despite their benefits, edge data centers face challenges such as dust, heat, and vibration. Remote operations and managing components in edge data centers require specialized skills and services. However, the benefits of edge computing far outweigh the challenges. 

Edge data centers are enhancing energy efficiency through the implementation of Artificial Intelligence (AI). AI technology enables faster decision-making and optimization of server, power, and cooling systems. Edge data center service providers use AI in automation software to eliminate human intervention, leading to energy savings. Additionally, AI facilitates effective cooling control, allowing for optimal power usage in the overall data center process. By utilizing AI, edge data centers can improve performance, reduce costs, and ensure efficient operations. 

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Market Challenges

Edge data centers are becoming essential for businesses as they deal with increasing demands for ‘big data’, ‘artificial intelligence’, and ‘cloud’ services from ‘streaming services’, ‘5G’, and ‘e-commerce platforms’. Challenges include managing ‘real-time data analysis’, ‘network traffic’, and ‘application performance’ at the edge. ‘Dell Technologies’ and other providers offer ‘components’ and ‘services’ for edge data centers, addressing issues like ‘operating costs’, ‘latency’, and ‘performance’. Industries like logistics, ‘industrial automation’, and ‘autonomous automobiles’ benefit from edge data centers for ‘data processing’ and ‘remote operations’. Edge data center providers like Equinix Inc, EdgeConneX Inc, and vXchnge offer ‘modular data centers’ and ‘professional services’ to meet the needs of various industries, including IT & telecom, BFSI, government, healthcare & life science, and retail & e-commerce. However, edge data centers also face challenges such as ‘dust’, ‘heat’, and ‘vibration’ management. Companies like Walmart and Dell Technologies are investing in edge data centers for ‘business agility’ and improved ‘streaming experience’.Managing edge data centers presents unique challenges due to the decentralized nature of these facilities, which often have their own power and cooling systems. Keeping track of inventory across multiple edge sites requires real-time monitoring of cabinet equipment, including servers, networking devices, power distribution units (PDUs), and patch panels, as well as infrastructure devices and structured cabling. To address this challenge, end-users need a dashboard that displays real-time power and environmental status of their edge data centers on a single screen. This information enables administrators to identify potential issues such as hot spot formation, power capacity limitations, and loss of redundancy, allowing for proactive intervention. Effectively managing IT equipment from the core to the edge data center necessitates a team of Network Operations Center (NOC) technicians and experts.

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Segment Overview 

This edge data center market report extensively covers market segmentation by

End-user 1.1 IT and telecommunication1.2 Manufacturing and automotive1.3 BFSI1.4 Healthcare and life sciences1.5 OthersComponent 2.1 IT infrastructure2.2 General construction2.3 Power management systems2.4 Cooling systems2.5 OthersGeography 3.1 North America3.2 APAC3.3 Europe3.4 South America3.5 Middle East and Africa

1.1 IT and telecommunication- The edge data center market for the BFSI sector refers to the implementation of edge data centers designed to address the unique needs and challenges of the financial services industry. Edge data centers are smaller-scale facilities situated near end-users, delivering fast, secure processing and high-performance computing capabilities at the network’s edge. In the BFSI sector, edge data centers are utilized for various applications and services, such as real-time transaction processing, ensuring minimal latency and enhancing customer experience. Compliance with regulations is another key benefit, as edge data centers can be strategically placed in different regions to adhere to local data storage and privacy regulations while maintaining data security. Additionally, edge data centers play a vital role in disaster recovery and business continuity, offering data replication and backup capabilities to ensure uninterrupted operations. Advanced AI-powered analytics are also supported by edge data centers, enabling real-time processing of vast amounts of data and delivering valuable insights for informed decision-making. The growing adoption of cloud computing, artificial intelligence, and the Internet of Things (IoT) in the BFSI sector is expected to fuel the demand for edge data centers, making them essential for supporting BFSI operations in the forecast period.

Download complimentary Sample Report to gain insights into AI’s impact on market dynamics, emerging trends, and future opportunities- including forecast (2024-2028) and historic data (2018 – 2022) 

Research Analysis

The Edge Data Center Market is experiencing significant growth due to the increasing demand for real-time data analysis, low latency, and improved application performance. Big data, artificial intelligence, cloud, streaming services, 5G, and the Internet of Things (IoT) are driving this trend, as businesses seek to gain insights from network traffic and optimize their operations. Edge data centers are ideal for processing data closer to the source, reducing the need for long-distance data transfer and improving business agility. Edge data centers are essential for various industries, including e-commerce platforms, Walmart, branch offices, production floors, remote sites, and industrial automation. They enable AI applications, machine learning, natural language processing, and video streaming, among others. However, edge data centers face unique challenges, such as managing dust, heat, and vibration in remote locations, and the need for remote operations. Dell Technologies and other key players are investing in edge infrastructure solutions to address these challenges and meet the evolving needs of businesses.

Market Research Overview

The Edge Data Center Market is experiencing significant growth due to the increasing demand for real-time data analysis and application performance in various industries. Big data, artificial intelligence, cloud, streaming services, 5G, and the Internet of Things (IoT) are driving this trend. Edge data centers are essential for businesses seeking to reduce latency, improve streaming experience, and enhance business agility. They are being deployed in diverse sectors such as e-commerce platforms, Walmart, branch offices, production floors, remote sites, and industrial automation. Edge data centers are also crucial for AI applications, machine learning, natural language processing, and video streaming in industries like logistics, autonomous automobiles, and gaming & entertainment. Dell Technologies, Equinix Inc, EdgeConneX Inc, and vXchnge are key players in this market. Edge data centers come with modular designs, components, and services including IT racks & enclosures, DCIM software, data center analytics, professional services, and managed services. Operating costs are a concern, but the benefits of improved performance and network traffic handling outweigh the expenses. The large facility segment, IT & telecom industry, BFSI industry, government industry, healthcare & life science, and retail & e-commerce are major consumers of edge data centers.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

End-userIT And TelecommunicationManufacturing And AutomotiveBFSIHealthcare And Life SciencesOthersComponentIT InfrastructureGeneral ConstructionPower Management SystemsCooling SystemsOthersGeographyNorth AmericaAPACEuropeSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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Duck Creek CEO Hardeep Gulati Brings the Trusted AI Playbook to Insurtech Insights USA

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Duck Creek and Coaction Global reveal how insurers can deploy agentic AI across underwriting and claims without sacrificing compliance or control

BOSTON, June 3, 2026 /CNW/ — Duck Creek, the intelligent core of insurance, today announced that Chief Executive Officer Hardeep Gulati will present at Insurtech Insights USA on Thursday, June 4 at 1:45 p.m. ET alongside Ramana Narayanam, Head of IT at Coaction Global, for a featured mainstage session titled, “No Trust, No Scale: The Executive Playbook for Trusted AI Decisioning in P&C Insurance.” Duck Creek will also meet with insurers and demo its insurance native Agentic AI Platform and new AI-powered applications including Agentic Underwriting Workbench and Agentic First Notice of Loss (FNOL) at Booth 505.

As insurers move from AI experimentation toward enterprise-wide adoption, the industry faces a critical inflection point. While generative and agentic AI technologies promise major improvements in underwriting, claims, and operational efficiency, insurers must also address growing concerns around explainability, compliance, consistency, and customer trust.

During the session, Gulati and Narayanam will discuss how insurers can embed trusted AI into core operations without sacrificing governance or regulatory control. The discussion will explore how orchestration, real-time data connectivity, and insurance-specific AI models can help carriers move beyond disconnected copilots toward scalable, auditable AI decisioning.

“Every insurer wants the upside of AI, including faster underwriting, smarter claims and better operations. The difference is whether they can deploy AI with the governance their regulators, customers and boards demand,” said Hardeep Gulati, Chief Executive Officer at Duck Creek. “At Insurtech Insights, we look forward to discussing and demonstrating how carriers can scale AI confidently with transparency, governance, and real-time orchestration into every workflow.”

Duck Creek’s Agentic AI Platform combines insurance domain intelligence, orchestration, and AI assurance capabilities to enable insurers to deploy AI agents across underwriting, claims, policy administration, billing, and payments workflows. The platform is designed to provide explainable, auditable, and compliant decisioning while allowing insurers to maintain human oversight and operational control.

“Modern insurers need AI solutions that are not only powerful, but trusted and grounded in real operational workflows,” said Ramana Narayanam, Head of IT at Coaction Global. “Our work with Duck Creek reflects a shared focus on building a stronger data foundation and enabling more intelligent, connected decision-making that supports both business agility and governance.”

For more information about Duck Creek’s presence at Insurtech Insights USA, visit www.duckcreek.com.

About Duck Creek

Duck Creek is the intelligent core that leading insurers choose to build on. Purpose-built for property and casualty (P&C) and general insurance, Duck Creek unifies the full insurance lifecycle on a single platform with one data foundation. As an agentic platform, it connects intelligence across underwriting, policy, billing, claims, and payments workflows where decisions are made and compliance is non-negotiable. Duck Creek enables carriers to launch products faster, adapt quickly to change, and grow with precision and confidence. Solutions are available individually or as a full suite via Duck Creek OnDemand. Visit www.duckcreek.com and follow Duck Creek on LinkedIn and X.

Media Contacts:
Marianne Dempsey / Tara Stred
duckcreek@threeringsinc.com

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SOURCE Duck Creek

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Biz2X Announces Off-Campus Recruitment Drive for AI, Engineering and Data Science Roles

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NEW DELHI, June 3, 2026 /PRNewswire/ — Biz2X, the leading digital lending SaaS platform and subsidiary of Biz2Credit, has announced that it will open applications for engineering and data science roles through an off-campus recruitment drive starting in the second week of June.

The drive will focus on graduates from IITs, NITs, IIITs and other Tier-1 campuses, with opportunities available at the company’s Noida and Pune locations. Candidates with BE/B.Tech backgrounds in information technology, computer science, electronics and communication engineering, artificial intelligence and machine learning, and mathematics and computing will be eligible to apply.

The company expects the drive to draw more than 10,000 applications, particularly from candidates interested in working on AI-led products and technology systems used by banks and financial institutions.

The selection process will comprise an aptitude test and an AI-skills assessment, followed by personal interviews. More than 250 candidates are expected to move to the interview stage, with onboarding expected to begin in the second week of July.

The hiring initiative comes as banks and financial institutions increasingly look for technology systems that can make lending workflows faster, more connected and easier to manage at scale. Biz2X’s AI-powered lending stack supports financial institutions across loan origination, loan management, collections and risk monitoring.

The company is also deepening the use of AI across lending workflows, including borrower interactions, document processing, credit assessment and operational automation.

“Digital lending is moving into a phase where engineering depth and practical AI capability will matter as much as product ambition. We are looking for people who can work on real lending problems, understand the discipline required in financial services and build AI-led technology that improves both speed and control. As AI becomes more deeply embedded across underwriting, servicing, risk monitoring and customer interactions, we need teams that can combine strong engineering fundamentals with an understanding of how intelligent systems should operate in a regulated environment,” said Mr. Rohit Arora, CEO and Co-Founder, Biz2X and Biz2Credit.

Biz2X currently has approximately 800 employees in India and 200 in the United States. During FY2026-27, the company expects its overall headcount to grow by about 25%, translating into roughly 250 to 300 additions across functions.

Biz2X has also earned the Great Place To Work Certification for the sixth consecutive year, reflecting its focus on employee development, continuous learning, collaboration and an inclusive work environment. The company’s people initiatives include learning and upskilling programmes designed to help employees build capabilities in areas such as AI, data analytics and fintech innovation.

Biz2X is growing at a rapid pace, with 40-50% YoY business growth and the hiring initiative will support product development, delivery and regional expansion across India and the Middle East as the company strengthens its focus on AI-led lending infrastructure.

About Biz2X

Biz2X is a turnkey global SaaS platform that enables financial institutions to provide a customized online lending experience for their small and midsize business customers. With a strong presence in the United States, MENA, and India, Biz2X is transforming the lending landscape with scalable, automated, and intelligent lending technology. For more details: www.biz2x.com

About Biz2Credit

Biz2Credit is a leading online platform helping small businesses access financing quickly and easily. Since its inception in 2007, Biz2Credit has facilitated over $8 billion in funding, offering a range of financial products including term loans and revenue-based financing. By leveraging its advanced technology, the platform provides tailored financing solutions with fast approval processes, simplifying the journey for businesses to secure the capital they need. Biz2Credit is committed to supporting small businesses through transparent, flexible, and efficient funding solutions. For more details: www.biz2credit.com

Logo: https://mma.prnewswire.com/media/2789415/Biz2X_Logo.jpg

 

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New report by AIA and EY US identifies clear path to scale digital thread technologies

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NEW YORK, June 3, 2026 /PRNewswire/ — As aerospace and defense (A&D) organizations face unprecedented demand to increase output, digital thread initiatives are emerging as a critical enabler of end‑to‑end visibility and faster decision‑making. New joint research released today by the Aerospace Industries Association (AIA) and Ernst & Young LLP (EY US) finds that while digital thread efforts are delivering measurable benefits, most organizations remain unable to scale it across the enterprise. A framework for integrating data across systems and lifecycle stages of a product, digital thread is the seamless flow of trusted data across design, production and operations, enabling traceability and transparency.

The study, “Digital thread delivers value, so what’s stopping scale?“, is based on a survey of 57 A&D leaders as well as in-depth executive interviews. Findings show that while adoption is widespread, enterprise‑level impact remains limited. Three‑quarters of organizations are implementing digital thread in some capacity, yet only 14 percent say it is fully applied across the enterprise. The study pinpoints the moves that make digital thread programs succeed: the right ownership model, the right funding approach and the right use cases to start with.

“Aerospace and defense’s current challenges have turned digital thread from a nice-to-have into a must-have,” said Tim White, AIA Vice President of Engineering and Technology. “It sharpens quality, strengthens traceability, cuts redundancy and utilizes the data artificial intelligence needs to unlock real optimization. To meet unprecedented demand in the supply chain, digital thread is essential for organizations looking to compete and win in the future.”

“Digital thread is no longer a technology problem. It is an execution problem,” said Raman Ram, EY Americas Aerospace, Defense & Mobility Leader. “Organizations see value in pilots, but without enterprise‑level governance, performance measurement and data standardization, that value never scales to impact delivery, capital efficiency or risk.”

Key findings in the study include:

Despite years of investment in digital thread, 56 percent of A&D organizations remain in pilot or limited implementation phases.Execution, ownership and data readiness are the biggest barriers to enterprise impact.Fewer than half (45 percent) of leaders surveyed say their organization has a clear strategic vision and sustained commitment for digital thread.Data readiness is a critical constraint to digital thread implementation, with only 29 percent of respondents saying their enterprise data is standardized, governed and accessible, limiting organizations’ ability to connect workflows across the lifecycle and apply analytics and artificial intelligence (AI). While 71 percent of leaders expect the greatest future value from digital thread will come from predictive analytics and AI-enabled insights, the research reinforces that these outcomes depend on a mature digital thread foundation.

Read the full report to understand key barriers and opportunities for digital thread in A&D here.

About the study

EY US surveyed 57 leaders from Aerospace Industries Association (AIA) member organizations and conducted eight in-depth executive interviews to understand how digital thread is being applied in practice. The respondents are primarily from US‑based companies with annual revenues exceeding $100 million and at least three years of investment in digital thread initiatives.

About Aerospace Industries Association

The Aerospace Industries Association represents the nation’s aerospace and defense sector, a key driver of U.S. security, innovation, and economic strength. Since 1919, AIA has advanced policies that support industry competitiveness, workforce development, and technological leadership. As America celebrates its 250th anniversary, AIA ensures that our industry remains one of America’s defining success stories — and a foundation for its future.

About EY

EY is building a better working world by creating new value for clients, people, society and the planet, while building trust in capital markets.

Enabled by data, AI and advanced technology, EY teams help clients shape the future with confidence and develop answers for the most pressing issues of today and tomorrow.

EY teams work across a full spectrum of services in assurance, consulting, tax, strategy and transactions. Fueled by sector insights, a globally connected multidisciplinary network and diverse ecosystem partners, EY teams can provide services in more than 150 countries and territories.

All in to shape the future with confidence.

EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. Information about how EY collects and uses personal data and a description of the rights individuals have under data protection legislation are available via ey.com/privacy. EY member firms do not practice law where prohibited by local laws. For more information about our organization, please visit ey.com.

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SOURCE Ernst & Young LLP

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