Artificial Intelligence
Edge Server Market Size to Grow USD 18990 Million by 2030 at a CAGR of 30.6% | Valuates Reports
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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Artificial Intelligence
G42 Collaborates with NVIDIA to Deliver Next-Generation Climate Solutions Using Earth-2
ABU DHABI, UAE, Sept. 20, 2024 /PRNewswire/ — G42, a leader in AI and cloud computing, today announced that it is partnering with NVIDIA to advance climate technology with a focus on developing AI solutions aimed at dramatically enhancing the accuracy of weather forecasting globally.
The collaboration builds on NVIDIA’s Earth-2, an open platform that accelerates climate and weather predictions with interactive, AI-augmented, high-resolution simulation. G42 and NVIDIA will initially focus on a square-kilometer resolution weather forecasting model that improves the accuracy of meteorological predictions.
Key to this initiative is the establishment of a new operational base and Climate Tech Lab in Abu Dhabi. This state-of-the-art facility will serve as a hub for research and development, driving forward both companies’ commitment to environmental sustainability. This facility will also mobilize the creation of tailored climate and weather solutions that leverage over 100 petabytes of geophysical data assets.
Peng Xiao, Group CEO of G42, said, “This initiative with NVIDIA is a testament to our commitment to applying AI in ways that not only innovate but also solve critical global challenges. Establishing the Earth-2 Climate Tech Lab in Abu Dhabi allows us to leverage our unique capabilities and insights to foster a sustainable future for the world.”
In addition to fostering innovation in climate technology, the initiative will focus on building a robust framework for integrating enhanced weather prediction capabilities with comprehensive data metrics and visualization. This will assist organizations worldwide in achieving their sustainability goals through well-informed, data-driven environmental strategies.
“Our collaboration with G42 marks a pivotal step toward harnessing AI to understand and predict climate phenomena with unprecedented accuracy,” said Jensen Huang, founder and CEO of NVIDIA. “The Earth-2 Climate Tech Lab will propel environmental solutions using the most advanced accelerated computing and AI technology to benefit millions of people around the world.”
By uniting G42’s AI expertise with NVIDIA’s computational acumen, this partnership aims to deliver transformative climate solutions that combine scientific accuracy with real-world applicability, driving impactful change across industries and ecosystems.
About G42
G42 is a technology holding group, a global leader in creating visionary artificial intelligence for a better tomorrow. Born in Abu Dhabi and operating worldwide, G42 champions AI as a powerful force for good across industries. From molecular biology to space exploration and everything in between, G42 realizes exponential possibilities, today. To know more visit www.g42.ai.
Media contactsMedia and PR Team, [email protected]
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Artificial Intelligence
GEEKOM releases a perfect mini PCs with dual 2.5Gbps Ethernet ports – GEEKOM GT1 MEGA
TAIPEI, Sept. 20, 2024 /PRNewswire/ — GEEKOM, a Taiwanese tech company also known as the Green Mini PC Global Leader, recently released a strong lineup of flagship mini PCs with Intel Core Ultra processors and dual Ethernet ports, making it possible for users to enjoy impeccable performance and superb networking functionalities at the same time.
One of these mini PCs is the GEEKOM GT1 Mega, which employs a beautiful aluminum chassis with plenty of I/O, including two full-function 40Gbps USB4 Type-C, six USB Type-A, 2 HDMI2.0, a 3.5mm audio jack, an SD card reader and dual Ethernet ports. The two Ethernet jacks are both of 2.5Gbps standard, which not only delivers high-speed and reliable internet connection for people’s daily computing chores, but also enables the mini PC to serve more sophisticated networking functionalities as a soft router, a virtual machines, a hardware firewall, or even a home server. Besides, dual Ethernet ports can separate internal and external network connections, providing logical and physical separation of trusted and untrusted network traffic and keeping data safe from potential cyber-attacks.
The GT1 Mega is powered by Intel’s latest and smartest Core™ Ultra processor (up to CoreTM U9-185H) and dual-channel DDR5-5600MHz RAM. Thanks to the new CPU, GPU, and NPU three tier multi-processing architecture, the mini PC is ready to harness the superpowers of Artificial Intelligence. It is compatible with more than 500 AI models across 20+ categories and supports high-performance low-power processing in a wide range of computing scenarios, which include enhancing facial features and blurring the background during video calls, removing the vocals from songs to create karaoke tracks, and generating large-scale images based on texts or voice commands. Basically, the GT1 Mega allows users to finish tasks that used to take hours or even days through only a few keystrokes!
The GEEKOM GT1 Mega,is now available on GEEKOM’s official website.
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SAN FRANCISCO, Sept. 19, 2024 /PRNewswire/ — Lucinity and Sift have announced a partnership, unifying fraud and Anti-Money Laundering (AML) into Lucinity’s integrated FinCrime compliance platform for case management, agent-enabled workflow automation, and Generative AI.
Sift is an AI-powered fraud platform securing digital trust for leading global businesses. Its Global Data Network analyzes more than 1 trillion events and identity signals per year to prevent fraud across the entire consumer journey. Lucinity and Sift formed this new partnership to address the challenges of fragmented fraud and AML systems, aiming to centralize and enhance financial crime investigations.
Sift’s AI-powered solution will now be integrated into Lucinity’s platform. This collaboration enhances Lucinity’s ability to provide a seamless and efficient compliance solution. It allows teams to review and manage fraud alerts more effectively through Lucinity’s unified Case Management system, thanks to the native integration between the systems. Key benefits to Lucinity’s users include:
Real-Time Fraud Screening: Payments are screened for potential fraud in real time, utilizing Sift’s fraud detection capabilities.Automatic Payment Holds: Payments suspected of fraud are temporarily held, ensuring verification before processing.Streamlined Reviews: Compliance teams can conduct thorough reviews of flagged payments within Lucinity’s Case Management solution.Risk Level Adjustments: Fraud detection parameters can be customized to adjust sensitivity levels, adapting to emerging fraud trends and risk appetites.This partnership also enables users to leverage Lucinity’s Generative AI capabilities through the Luci copilot to investigate fraud cases more efficiently.
Udi Nessimyan, President and Chief Revenue Officer of Lucinity, comments, “One of the greatest challenges in fighting financial crime is fragmented systems and data. Our partnership with Sift helps address this challenge by providing a centralized platform for various case types, including AML, fraud, sanctions, and ad hoc cases. Our collaboration significantly enhances the productivity of investigation teams, reducing the time spent on cases from hours to minutes.”
Sift’s Chief Marketing Officer, Armen Najarian, emphasizes the collaborative effort to enhance financial crime prevention, stating, “Cybercriminals are increasingly leveraging AI to bypass traditional anti-money laundering and fraud controls, creating sophisticated and dynamic threats. To combat these evolving risks, companies must adopt a ‘fight fire with fire’ approach by leveraging AI-powered solutions. Through Sift’s partnership with Lucinity, businesses can stay ahead of fraudsters, ensuring robust protection against abuse and enabling fearless growth.”
About Sift: https://sift.com About Lucinity: https://lucinity.com
Media contact:Celina [email protected] +354 792 4321
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