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Global Edge Data Centers (Metro, Mobile) Business Research Report 2024: Low-latency Processing and Real-time Automated Decision-making Solutions Fueling Demand – Forecasts to 2030

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DUBLIN, Feb. 28, 2024 /PRNewswire/ — The “Edge Data Centers Market by Type (Metro, Mobile), Component, Deployment, Organization, Application (AI, IoT, 5G & 4G, AR/VR), End-use Sector (IT & Telecommunication, Automotive, Transportation & Logistics), and Geography – Global Forecast to 2030” report has been added to  ResearchAndMarkets.com’s offering.

The global edge data centers market is expected to reach $46.4 billion by 2030, growing at a CAGR of 20.9% during the forecast period of 2023-2030.

The research report provides in-depth analysis of edge data centers market across five major geographies and emphasizes on the current market trends, market sizes, market shares, recent developments, and forecasts till 2030.

The growth of the edge data centers market is mainly attributed to the increasing need for edge data centers for industrial IoT applications, the growing demand for low-latency processing and real-time automated decision-making solutions, and the increasing utilization of edge data centers in online video streaming. The high upfront capital expenditure required to implement edge data centers restrains the growth of this market.

Asia-Pacific is expected to account for the largest share of the edge data centers market, followed by North America, Europe, Latin America, and the Middle East & Africa. The Asia-Pacific region is projected to register the highest CAGR during the forecast period. The major factors driving the market’s growth are the rising adoption of advanced technologies, such as IoT and cloud computing, increasing demand for low-latency applications, the need to alleviate network congestion, improve overall network efficiency, and the increasing need for real-time analytics.

Additionally, the emergence of autonomous vehicles and the commercialization of 4G technology are expected to generate growth opportunities for the players in this market. Data privacy and security concerns are a major challenge for market growth. Furthermore, the rising adoption of IoT devices across industries and the growth in 5G networks are prominent trends in the edge data centers market.

Based on type, the global edge data centers market is broadly segmented into metro edge data centers and mobile edge data centers.

In 2023, the metro edge data centers segment accounted for the larger share of the global edge data centers market. The large share of this segment is mainly attributed to the growing deployment of 5G networks, increasing data traffic, and the need to provide localized cloud computing resources for businesses and organizations. However, the mobile edge data centers segment is projected to grow at the highest CAGR during the forecast period.

Based on component, the global edge data centers market is segmented into hardware, software, and services.

In 2023, the software accounted for the largest share of the global edge data centers market. The large share of this segment is mainly attributed to the increasing demand for workload orchestration, resource allocation, real-time data analysis, and rising demand for ultra-low latency applications. This segment is projected to record the highest CAGR during the forecast period.

Based on deployment mode, the global edge data centers market is segmented into on-premise deployments and cloud-based deployments.

In 2023, the cloud-based deployments segment accounted for the larger share of the global edge data centers market. This segment is projected to record the highest CAGR during the forecast period. The segment’s large share can be attributed to the increasing need to efficiently allocate resources, rapidly deploy applications and services closer to end users, and reduce latency while improving performance. This segment is projected to record the highest CAGR during the forecast period.

Based on organization size, the global edge data centers market is segmented into large enterprises and small & medium-sized enterprises.

In 2023, the small & medium-sized enterprise segment accounted for the larger share of the global edge data centers market. This segment is projected to record the highest CAGR during the forecast period. The segment’s large share can be attributed to the increasing demand for real-time processing and localized data management, enabling a competitive edge, optimizing operations, and accelerating the digital transformation journey.

Based on application, the global edge data centers market is segmented into artificial intelligence, Internet of things, AR/VR, telemedicine, 5G & 4G infrastructure, autonomous vehicles, video/live streaming, network functions virtualization, and other applications.

In 2023, the 5G and 4G infrastructure segments accounted for the largest share of the global edge data centers market. The large market share of this segment is mainly attributed to the rising demand for ultra-low latency applications, growing adoption of 5G networks, and growing adoption of edge data centers for high bandwidth in 5G infrastructure. However, the artificial intelligence segment is projected to record the highest CAGR during the forecast period.

Based on end-use sector, the global edge data centers market is segmented into IT & telecommunications, automotive, transportation & logistics, healthcare, energy & utilities, manufacturing, government & defense, retail, and other end-use sectors.

In 2023, the IT & telecommunications segment is expected to account for the largest share of the global edge data centers market. The large share of this segment is mainly attributed to the increasing demand for low-latency and high-bandwidth communication, real-time data processing, and the need to reduce the risk of data breaches during transmission while ensuring compliance with data protection regulations in the sector. This segment is projected to record the highest CAGR during the forecast period.

Key questions answered in the report:

Which are the high-growth market segments in terms of type, component, deployment mode, organization size, application, and end-use sector?What is the historical market for edge data centers across the globe?What are the market forecasts and estimates from 2023-2030?What are the major drivers, restraints, and opportunities in the global edge data centers market?Who are the major players in the global edge data centers market, and what shares of the market do they hold?Who are the major players in various countries, and what shares of the market do they hold?How is the competitive analysis?What are the recent developments in the global edge data centers market?What strategies are adopted by the major players in the global edge data centers market?What are the geographical trends and high-growth countries?Who are the local emerging players in the global edge data centers market, and how do they compete with the other players?

Market Insights

Factors Affecting Market Growth

Impact Analysis of Market DynamicsRising Need for Efficient Data Collection and ManagementIncreasing Demand For Low-latency Processing and Real-time Automated Decision-making SolutionsGrowth in Online Video Streaming Driving the Utilization of Edge Data CentersHigh Costs of Implementing Edge Data Centers Limiting Adoption among Small & Medium-sized EnterprisesEmergence of Autonomous Vehicles Driving theUse of Edge Data Centers for Low-latency Inter-vehicle CommunicationsCommercialization of 4G Technology Creating Market Growth OpportunitiesData Privacy & Security Concerns to Remain Major Challenges In the Utilization of Edge Data CentersRising Adoption of IoT Devices Across IndustriesGrowth in 5G Networks

Porter’s Five Forces Analysis

Comparison Between Traditional Data Centers And Edge Data Centers

Companies Featured

Dell Technologies Inc. (U.S.)Cisco Systems Inc. (U.S.)Eaton Corporation plc (Ireland)Fujitsu Limited (Japan)Schneider Electric SE (France)Hewlett Packard Enterprise Company (U.S.)Huawei Technologies Co. Ltd. (China)IBM Corporation (U.S.)NVIDIA Corporation (U.S.)Mitsubishi Electric Corporation (Japan)Equinix Inc (U.S.)American Tower Corporation (U.S.)Cyxtera Technologies Inc. (U.S.)ABB (Switzerland)Nxtra Data Limited (India) (a subsidiary of Bharti Airtel Limited)Zenlayer Inc. (U.S.)Switch Inc. (U.S.)Vertiv Group Corporation(U.S.)Nokia Corporation (Finland)EdgeConneX Inc. (U.S.)Reichle & De-Massari AG (Switzerland)Ubiquity Management LLC (U.S.)Vapor IO Inc. (U.S.).

For more information about this report visit https://www.researchandmarkets.com/r/4g5now

About ResearchAndMarkets.com
ResearchAndMarkets.com is the world’s leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

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Research and Markets
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SOURCE Research and Markets

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PowerReviews Launches Partner Program to Expand Reach and Value of User-Generated Content

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April 7, 2025

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Partners of PowerReviews, a 1WorldSync company, to grow revenue by referring clients to  industry-leading technology, including ratings and reviews, display, syndication, social curation, product sampling and analytics tools

CHICAGO, April 7, 2025 /PRNewswire/ — Today, PowerReviews, a leading provider of ratings, reviews and user-generated content (UGC) solutions, announced the launch of its new PowerReviews Partner Program. Designed to maximize the impact and reach of UGC, this program fosters collaboration with technology providers, agencies and strategic partners and their end-customers. 

Partners are eligible for incentives on new business referrals. Interested partners can learn more about the program during monthly informational webinars, beginning April 9.

“We are thrilled to launch the PowerReviews Partner Program as a key part of our strategy to expand the influence of user-generated content and provide our partners an additional revenue stream,” said Brandon Kiffer, President UGC Solutions at PowerReviews, a 1WorldSync company. “Partnering with leading technology providers and agencies allows us to help businesses of all sizes harness the power of UGC to drive sales, strengthen brand and retailer trust, and enhance the customer experience.”

Partners will gain access to PowerReviews’ industry-leading technology, including ratings and reviews, display, syndication, social curation, product sampling and analytics tools. Partners also receive exclusive benefits such as co-branded webinars, live events, case studies and blog collaborations. Additionally, partners will receive sales enablement resources, including training and marketing materials, along with dedicated support from PowerReviews experts for onboarding, training and ongoing assistance.

The PowerReviews Partner Program is open to technology providers, agencies, and other businesses that share PowerReviews’ mission of helping brands and retailers leverage the power of UGC.

Caddle has joined forces with PowerReviews as a referral partner. As a leading consumer rewards app, Caddle generates hundreds of thousands of reviews for top-tier brands and retailers across Canada. “We are excited to refer and collaborate with 1WorldSync’s PowerReviews to harness their world-class syndication platform,” said Ransom Hawley, CEO of Caddle. “With the combined power of PowerReviews’ tools and Caddle’s innovative solutions, this partnership will drive significant value for both companies, helping brands collect and amplify authentic consumer feedback more effectively than ever.”

To learn more about the program and how to become a partner, please visit the PowerReviews website. 

About PowerReviews, a 1WorldSync Company
PowerReviews is a leading provider of ratings, reviews, and user-generated content (UGC) solutions. PowerReviews helps brands and retailers collect, manage, and display high-quality UGC to drive sales and enhance the customer experience. As part of 1WorldSync, PowerReviews is committed to optimizing product detail pages (PDPs) and enhancing the digital shopping experience through authentic, impactful content. For more information, visit www.powerreviews.com.

Media Contact:
Ryan Hunt
rhunt@1worldsync.com 

Partner Program Contact:
Moses De Los Santos, Strategic Alliances Director, UGC
PowerReviews a 1Worldsync company
mdelossantos@1worldsync.com 

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SOURCE 1WorldSync

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Woodforest Financial Group Announces Strategic Investment in Zelus Automation Platform

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April 7, 2025

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THE WOODLANDS, Texas, April 7, 2025 /PRNewswire/ — Woodforest Financial Group, Inc., the parent company of Woodforest National Bank, today announced a strategic investment in Zelus Automation Platform, LLC, a Houston-based technology firm specializing in innovative software solutions for the banking industry. This investment reflects Woodforest’s ongoing commitment to advancing technologies that improve banking operations and customer experiences.

Zelus Automation Platform’s flagship solution, SNAP (Simple New Account Platform), is an end-to-end, real-time system designed to streamline the account opening process for financial institutions. SNAP integrates directly with a bank’s core operating system, automating workflows to reduce data entry, ensure process consistency, minimize errors, and shorten customer waiting and staff training times. Banks using SNAP open new accounts in under 10 minutes with 90 % reduction in errors.

“We are excited to partner with Zelus Automation Platform and support their forward-thinking approach to banking technology,” said Robert E. Marling, Jr., Chairman and CEO of Woodforest Financial Group. “This investment aligns with our strategic focus on innovation that enhances operational efficiency and elevates customer service.”

Russell Bond, CEO of Zelus Automation Platform, shared his perspective on the new partnership: “Woodforest’s investment is a powerful endorsement of our mission to transform banking operations and the customer experience through intelligent automation. With their support, we are positioned to accelerate the development and adoption of SNAP, bringing greater efficiency and consistency to account opening processes across the industry.”

This strategic collaboration exemplifies Woodforest’s dedication to fostering innovation and supporting companies that are driving technological change in the financial services sector. Through its investment in Zelus, Woodforest aims to play a key role in shaping the future of digital banking.

About Woodforest Financial Group, Inc.
Woodforest Financial Group, Inc. is the parent company of Woodforest National Bank, a community bank established in 1980 and headquartered in The Woodlands, Texas. With more than 760 branches across 17 states, Woodforest National Bank is dedicated to delivering high-quality financial services and supporting community growth initiatives. For more information about Woodforest Financial Group and Woodforest National Bank, please visit Woodforest.com.

About Zelus Automation Platform, LLC
Founded in 2020 and based in Houston, Texas, Zelus Automation Platform, LLC is a technology innovation company providing advanced software solutions to banks. Its flagship product, SNAP, revolutionizes the account opening process by seamlessly integrating with core banking systems to drive efficiency, reduce operational errors, and enhance customer satisfaction. For more information about SNAP and Zelus Automation Platform, please visit zap-llc.com.

For more information contact Russell Bond, CEO, Zelus Automation Platform (972) 841-8007, russell.bond@zap-llc.com

CONTACT: James Dreibelbis, President, Woodforest Financial Group (832) 375-2023, JDreibelbis@woodforest.com

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SOURCE Woodforest Financial Group, Inc.

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Older Pittsburgh Voters to Play Decisive Role in 2025 Mayoral Election

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April 7, 2025

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PITTSBURGH, April 7, 2025 /PRNewswire/ — A new survey from AARP Pennsylvania reveals that Pittsburgh voters 50+ will be the deciding factor in determining the city’s next leader.

According to the survey, Democratic challenger Corey O’Connor leads incumbent Mayor Ed Gainey, 58 percent to 24 percent, with 16 percent undecided. Tony Moreno leads with voters 50+ on the Republican side, with a 40 percent lead over challenger Thomas West. 

Pittsburgh voters aged 50 and older constitute a significant voting bloc that candidates cannot afford to ignore. In the 2021 mayoral primary, voters over 50 made up 57 percent of all voters, and 60 percent of all in the general election.

The survey also found that a large majority of voters 50-plus are engaged and intend to participate in the upcoming primary election. Their priorities include economic stability, public safety, and access to essential services—issues that will shape their choice at the ballot box. 

Among other issues Pittsburgh voters 50-plus are looking for the next mayor to address: 

83 percent say the candidates’ positions on access to quality health care will affect their vote

51 percent Pittsburgh’s economy is getting weaker

80 percent support a change in city ordinances to make it easier for owners to create accessory dwelling units, a residential unit built on the same lot as an existing single-family home and can be attached or detached to the home. 

“Candidates running for mayor must address the concerns of Pittsburgh’s older residents, like economic stability, affordable housing options, and access to essential services, if they hope to secure victory,” said Bill Johnston-Walsh, State Director of AARP Pennsylvania. “This demographic votes consistently and expects elected officials to prioritize their needs.” 

With the election approaching, these results suggest that candidates who focus on policies that support older residents—such as affordable housing, transportation, and healthcare access—will be more likely to gain their support. 

AARP commissioned American Directions Research Group to conduct a survey of 805 voters 50 and older living in Pittsburgh, PA from March 12 to March 19, 2025. The interviews were conducted by phone and online, with 650 live phone interviews (80.75%) and 155 (19.25%) from an opt-in panel sample list of registered voters age 50+ living in Pittsburgh. The data was weighted by age and gender to reflect registered voters in Pittsburgh age 50 or older, based on the population of registered voters 50+ from the sample source. The margin of sampling error at the 95% confidence level for the 805 citywide sample is ±3.4 

View the full survey results at www.aarp.org/pittsburghmayorpoll2025 

About AARP 

AARP is the nation’s largest nonprofit, nonpartisan organization dedicated to empowering people 50 and older to choose how they live as they age. With a nationwide presence and nearly 38 million members, AARP strengthens communities and advocates for what matters most to families: health security, financial stability and personal fulfillment. AARP also produces the nation’s largest circulation publications: AARP The Magazine and AARP Bulletin. To learn more, visit www.aarp.org, www.aarp.org/espanol or follow @AARP, @AARPenEspanol and @AARPadvocates, @AliadosAdelante on social media.

CONTACT: Randy LoBasso, rlobasso@aarp.org, 267-964-8001 

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SOURCE AARP Pennsylvania

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