Edge Data Center Market by Component (Hardware, Services, Software), Deployment Mode (On-premises Edge Data Centers, Cloud/Hybrid Edge Data Centers), End-User, Facility Size - Global Forecast 2025-2032
Description
The Edge Data Center Market was valued at USD 10.83 billion in 2024 and is projected to grow to USD 12.82 billion in 2025, with a CAGR of 19.82%, reaching USD 46.03 billion by 2032.
A strategic introduction explaining why edge data centers are now essential infrastructure and how they reshape priorities for performance, resilience, and operational design
The rise of edge data centers represents an inflection point in how organizations design infrastructure to meet latency, resilience, and locality requirements. Rapid growth in real-time applications, distributed computing models, and the proliferation of connected devices have pushed compute and storage resources closer to end users and critical processes. As a consequence, leaders in infrastructure, IT operations, and digital services must reevaluate architecture, procurement, and operational practices to reduce latency, minimize backhaul, and support regulatory and data sovereignty imperatives.
This introduction frames the strategic context for stakeholders considering edge deployments. It highlights the convergence of driving forces-application performance demands, evolving enterprise digital transformation agendas, and regulatory pressures-while also emphasizing how technological advances in modular hardware, software-defined operations, and automation are lowering barriers to adoption. In doing so, the introduction clarifies why investment and planning at the edge should be prioritized now and sets expectations for the practical trade-offs that follow when balancing cost, performance, and manageability.
A concise analysis of the transformative shifts reshaping edge data center deployment models, operational frameworks, and ecosystem partnerships across industries
The landscape of edge data center deployment is transforming under multiple, interlocking shifts that are altering design, procurement, and operational models. First, the maturation of compact, energy-efficient hardware and converged systems has enabled higher compute density at remote sites, which in turn reduces the footprint and simplifies site requirements. Concurrently, the rise of software-defined networking and orchestration frameworks has decentralized control planes, enabling consistent policy enforcement and lifecycle management across distributed sites while preserving centralized visibility.
At the same time, the commercial model for edge infrastructure is shifting. Service providers and integrators increasingly offer turnkey solutions that combine modular hardware, managed services, and edge-native software stacks, enabling faster time-to-value for enterprises that lack specialized in-house expertise. Additionally, ecosystem partnerships between telcos, cloud providers, and systems integrators are redefining go-to-market strategies, creating hybrid offerings that blend public cloud elasticity with localized processing. Collectively, these shifts are producing a new operating environment where agility, interoperability, and vendor collaboration are decisive factors for success.
An evidence-based examination of how United States tariff measures announced in 2025 have altered procurement dynamics, supply chain strategies, and deployment timelines for edge infrastructure
Trade policy adjustments and tariff measures imposed by the United States in 2025 have introduced tangible complexities into global supply chains for edge infrastructure components. Tariffs on imported networking equipment, servers, and certain storage technologies have elevated landed costs for hardware sourced from affected jurisdictions, prompting procurement teams to reassess vendor mixes and total landed expense. In response, procurement cycles have lengthened as organizations perform additional due diligence on origin, classification, and exemption opportunities to mitigate immediate cost impacts.
Beyond cost effects, these tariff actions have accelerated strategic shifts toward supply chain diversification and nearshoring. Vendors and systems integrators are increasingly exploring dual-sourcing strategies and regional manufacturing partnerships to reduce exposure to tariff-driven volatility. For organizations deploying edge sites, this has translated into a greater focus on modular designs that can tolerate component substitutions, longer procurement lead times baked into deployment plans, and a renewed emphasis on firmware compatibility and support commitments. Over time, these adaptations are reshaping supplier relationships and the way specifications are written, with a stronger emphasis on compliance, traceability, and the flexibility to pivot between alternative component sources.
Deep segmentation insights revealing how component-level choices and vertical-specific requirements determine successful edge data center strategies across diverse end users and technical stacks
A granular segmentation analysis reveals differentiated demand drivers and technical priorities across components and end-user verticals, offering a practical lens for targeting product and service offerings. Based on Component, the landscape is organized into Hardware, Services, and Software; within Hardware, emphasis falls on Networking Equipment, Servers, and Storage Devices, each demanding specific cooling, power, and footprint optimizations for distributed sites; within Services, Consulting Services, Installation & Deployment Services, and Maintenance & Support Services are central to enabling remote operations and shortening time-to-production for complex rollouts. This component-level view underscores that hardware selection alone will not guarantee success: it must be paired with services and software that simplify orchestration, telemetry, and lifecycle maintenance.
Based on End-User, the adoption patterns vary materially across Banking, Financial Services & Insurance, Energy & Utilities, Government & Defense, Healthcare, IT & Telecommunication, Manufacturing, and Retail, with each vertical imposing distinct compliance, uptime, and data locality constraints. Financial services prioritize low-latency processing and strict data controls, utilities require resilient designs that integrate with operational technology networks, and healthcare emphasizes secure management of sensitive patient data and integration with clinical systems. In turn, IT and telecommunications organizations focus on network parity and integration with edge-native cloud capabilities, while retail and manufacturing emphasize real-time analytics and automation. Recognizing these end-user nuances enables vendors to tailor solutions-packaged bundles of hardware, managed services, and verticalized software-to accelerate adoption while addressing the operational realities of each sector.
Key regional insights explaining how Americas, Europe Middle East & Africa, and Asia-Pacific market conditions drive differentiated edge deployment strategies and partnership models
Regional dynamics are shaping deployment priorities and partnership models, with distinct regulatory, economic, and infrastructure conditions influencing where and how edge assets are placed. In the Americas, dense urban ecosystems and advanced digital services markets are driving deployments that prioritize latency-sensitive applications, high-density compute, and collaboration with major cloud and telco partners; regulatory frameworks differ by jurisdiction but often emphasize consumer protections and data security. Europe, Middle East & Africa present a heterogeneous mix of regulatory environments and investment appetites, where data sovereignty rules and energy considerations are central, prompting solutions that emphasize modularity, renewable energy integration, and strong compliance controls.
Asia-Pacific exhibits a combination of large-scale consumer markets, rapid digital adoption, and ambitious national infrastructure programs that favor rapid, scalable edge rollouts. Across all regions, operators are adapting to local conditions by forming alliances with regional system integrators and service providers to navigate permitting, power availability, and site acquisition. Consequently, regional go-to-market approaches increasingly blend global platform consistency with local operational customization, recognizing that centralized management must coexist with on-the-ground partnerships to ensure reliability and regulatory alignment.
Actionable insights into how provider differentiation, open interoperability, and alliance strategies influence procurement decisions and long-term success for edge infrastructure vendors
Competitive dynamics among solution providers are converging around several differentiators that matter most to enterprise buyers. Providers that demonstrate end-to-end capability-combining hardened, modular hardware with robust orchestration software and dependable service-level agreements-tend to gain traction with customers that require predictable outcomes across distributed sites. In addition, companies that invest in open standards and interoperability reduce integration friction, enabling customers to mix and match components and services without vendor lock-in concerns.
Partnership and alliance strategies are also instrumental. Firms that cultivate relationships with cloud providers, telecommunications operators, and local systems integrators can accelerate deployments and provide smoother interoperability with existing networks and cloud backends. Moreover, firms that offer clear operational frameworks and professional services-covering design, site preparation, installation, and ongoing maintenance-create differentiated value for organizations that lack specialized edge operations teams. Finally, suppliers who prioritize long-term support, lifecycle upgrade paths, and cybersecurity capabilities are better positioned in an environment where uptime and data protection are non-negotiable.
Clear, prioritized recommendations that industry leaders can implement to build resilient supply chains, scalable architectures, and partnership models for edge deployments
Industry leaders should pursue a prioritized set of actions to translate strategy into reliable, scalable deployments while managing cost and regulatory risk. Begin by embedding supply chain resilience into procurement processes, including multi-sourcing options, contractual flexibility for component substitutions, and closer collaboration with logistics partners to mitigate disruptions. Next, adopt modular hardware and software-defined architectures that permit incremental scaling and simplified field upgrades, thereby minimizing site downtime and reducing the need for specialized on-site interventions.
Simultaneously, invest in integrated management and orchestration platforms that provide consistent policy enforcement, telemetry, and security across distributed sites, enabling centralized control without sacrificing edge performance. Strengthen partnerships with regional integrators and telecommunications providers to expedite site acquisition, power provisioning, and local regulatory compliance. Finally, cultivate operational excellence through targeted training programs and managed-service options that can be offered to customers; this will accelerate adoption among buyers that require turnkey solutions and reduce long-term operational risk for both vendors and operators.
A rigorous mixed-methods research approach combining primary interviews, vendor briefings, regulatory review, and data triangulation to ensure robust and actionable findings
This research employs a mixed-methods approach to ensure findings are grounded in both empirical evidence and practitioner perspectives. Primary research included structured interviews with infrastructure architects, procurement leaders, systems integrators, and service providers, complemented by vendor briefings that clarified product roadmaps and support commitments. Secondary research encompassed a review of regulatory guidance, technical specifications, and public statements that informed understanding of compliance and interoperability constraints.
Data synthesis was achieved through triangulation across sources, with iterative validation cycles that reconciled differing viewpoints and highlighted consensus areas. Where applicable, case studies and deployment scenarios were analyzed to extract operational lessons and success factors. The methodology explicitly acknowledges limitations related to proprietary deployment details and rapidly evolving technology roadmaps, and it applies conservative inference principles to ensure recommendations remain robust under varying market conditions.
A succinct conclusion synthesizing implications for decision-makers and summarizing the strategic attributes required for successful edge infrastructure initiatives
In closing, edge data centers have transitioned from experimental architectures to indispensable components of modern digital infrastructure, driven by performance demands, regulatory considerations, and evolving business models. Success at the edge requires more than deploying compact hardware; it demands cohesive strategies that align modular equipment choices with orchestration software, services, and regional operational realities. Organizations that integrate supply chain flexibility, standards-based interoperability, and strong partner ecosystems will be better placed to deliver consistent service levels and adapt to evolving application requirements.
Decision-makers should view edge initiatives as strategic programs rather than isolated projects, integrating them into broader IT and operational technology roadmaps. By doing so, they can maximize the benefits of reduced latency, enhanced resilience, and localized processing while managing the operational complexity inherent in distributed infrastructures. The cumulative effect of thoughtful design, disciplined procurement, and collaborative partnerships will determine who successfully leverages edge infrastructure to unlock competitive advantage.
Note: PDF & Excel + Online Access - 1 Year
A strategic introduction explaining why edge data centers are now essential infrastructure and how they reshape priorities for performance, resilience, and operational design
The rise of edge data centers represents an inflection point in how organizations design infrastructure to meet latency, resilience, and locality requirements. Rapid growth in real-time applications, distributed computing models, and the proliferation of connected devices have pushed compute and storage resources closer to end users and critical processes. As a consequence, leaders in infrastructure, IT operations, and digital services must reevaluate architecture, procurement, and operational practices to reduce latency, minimize backhaul, and support regulatory and data sovereignty imperatives.
This introduction frames the strategic context for stakeholders considering edge deployments. It highlights the convergence of driving forces-application performance demands, evolving enterprise digital transformation agendas, and regulatory pressures-while also emphasizing how technological advances in modular hardware, software-defined operations, and automation are lowering barriers to adoption. In doing so, the introduction clarifies why investment and planning at the edge should be prioritized now and sets expectations for the practical trade-offs that follow when balancing cost, performance, and manageability.
A concise analysis of the transformative shifts reshaping edge data center deployment models, operational frameworks, and ecosystem partnerships across industries
The landscape of edge data center deployment is transforming under multiple, interlocking shifts that are altering design, procurement, and operational models. First, the maturation of compact, energy-efficient hardware and converged systems has enabled higher compute density at remote sites, which in turn reduces the footprint and simplifies site requirements. Concurrently, the rise of software-defined networking and orchestration frameworks has decentralized control planes, enabling consistent policy enforcement and lifecycle management across distributed sites while preserving centralized visibility.
At the same time, the commercial model for edge infrastructure is shifting. Service providers and integrators increasingly offer turnkey solutions that combine modular hardware, managed services, and edge-native software stacks, enabling faster time-to-value for enterprises that lack specialized in-house expertise. Additionally, ecosystem partnerships between telcos, cloud providers, and systems integrators are redefining go-to-market strategies, creating hybrid offerings that blend public cloud elasticity with localized processing. Collectively, these shifts are producing a new operating environment where agility, interoperability, and vendor collaboration are decisive factors for success.
An evidence-based examination of how United States tariff measures announced in 2025 have altered procurement dynamics, supply chain strategies, and deployment timelines for edge infrastructure
Trade policy adjustments and tariff measures imposed by the United States in 2025 have introduced tangible complexities into global supply chains for edge infrastructure components. Tariffs on imported networking equipment, servers, and certain storage technologies have elevated landed costs for hardware sourced from affected jurisdictions, prompting procurement teams to reassess vendor mixes and total landed expense. In response, procurement cycles have lengthened as organizations perform additional due diligence on origin, classification, and exemption opportunities to mitigate immediate cost impacts.
Beyond cost effects, these tariff actions have accelerated strategic shifts toward supply chain diversification and nearshoring. Vendors and systems integrators are increasingly exploring dual-sourcing strategies and regional manufacturing partnerships to reduce exposure to tariff-driven volatility. For organizations deploying edge sites, this has translated into a greater focus on modular designs that can tolerate component substitutions, longer procurement lead times baked into deployment plans, and a renewed emphasis on firmware compatibility and support commitments. Over time, these adaptations are reshaping supplier relationships and the way specifications are written, with a stronger emphasis on compliance, traceability, and the flexibility to pivot between alternative component sources.
Deep segmentation insights revealing how component-level choices and vertical-specific requirements determine successful edge data center strategies across diverse end users and technical stacks
A granular segmentation analysis reveals differentiated demand drivers and technical priorities across components and end-user verticals, offering a practical lens for targeting product and service offerings. Based on Component, the landscape is organized into Hardware, Services, and Software; within Hardware, emphasis falls on Networking Equipment, Servers, and Storage Devices, each demanding specific cooling, power, and footprint optimizations for distributed sites; within Services, Consulting Services, Installation & Deployment Services, and Maintenance & Support Services are central to enabling remote operations and shortening time-to-production for complex rollouts. This component-level view underscores that hardware selection alone will not guarantee success: it must be paired with services and software that simplify orchestration, telemetry, and lifecycle maintenance.
Based on End-User, the adoption patterns vary materially across Banking, Financial Services & Insurance, Energy & Utilities, Government & Defense, Healthcare, IT & Telecommunication, Manufacturing, and Retail, with each vertical imposing distinct compliance, uptime, and data locality constraints. Financial services prioritize low-latency processing and strict data controls, utilities require resilient designs that integrate with operational technology networks, and healthcare emphasizes secure management of sensitive patient data and integration with clinical systems. In turn, IT and telecommunications organizations focus on network parity and integration with edge-native cloud capabilities, while retail and manufacturing emphasize real-time analytics and automation. Recognizing these end-user nuances enables vendors to tailor solutions-packaged bundles of hardware, managed services, and verticalized software-to accelerate adoption while addressing the operational realities of each sector.
Key regional insights explaining how Americas, Europe Middle East & Africa, and Asia-Pacific market conditions drive differentiated edge deployment strategies and partnership models
Regional dynamics are shaping deployment priorities and partnership models, with distinct regulatory, economic, and infrastructure conditions influencing where and how edge assets are placed. In the Americas, dense urban ecosystems and advanced digital services markets are driving deployments that prioritize latency-sensitive applications, high-density compute, and collaboration with major cloud and telco partners; regulatory frameworks differ by jurisdiction but often emphasize consumer protections and data security. Europe, Middle East & Africa present a heterogeneous mix of regulatory environments and investment appetites, where data sovereignty rules and energy considerations are central, prompting solutions that emphasize modularity, renewable energy integration, and strong compliance controls.
Asia-Pacific exhibits a combination of large-scale consumer markets, rapid digital adoption, and ambitious national infrastructure programs that favor rapid, scalable edge rollouts. Across all regions, operators are adapting to local conditions by forming alliances with regional system integrators and service providers to navigate permitting, power availability, and site acquisition. Consequently, regional go-to-market approaches increasingly blend global platform consistency with local operational customization, recognizing that centralized management must coexist with on-the-ground partnerships to ensure reliability and regulatory alignment.
Actionable insights into how provider differentiation, open interoperability, and alliance strategies influence procurement decisions and long-term success for edge infrastructure vendors
Competitive dynamics among solution providers are converging around several differentiators that matter most to enterprise buyers. Providers that demonstrate end-to-end capability-combining hardened, modular hardware with robust orchestration software and dependable service-level agreements-tend to gain traction with customers that require predictable outcomes across distributed sites. In addition, companies that invest in open standards and interoperability reduce integration friction, enabling customers to mix and match components and services without vendor lock-in concerns.
Partnership and alliance strategies are also instrumental. Firms that cultivate relationships with cloud providers, telecommunications operators, and local systems integrators can accelerate deployments and provide smoother interoperability with existing networks and cloud backends. Moreover, firms that offer clear operational frameworks and professional services-covering design, site preparation, installation, and ongoing maintenance-create differentiated value for organizations that lack specialized edge operations teams. Finally, suppliers who prioritize long-term support, lifecycle upgrade paths, and cybersecurity capabilities are better positioned in an environment where uptime and data protection are non-negotiable.
Clear, prioritized recommendations that industry leaders can implement to build resilient supply chains, scalable architectures, and partnership models for edge deployments
Industry leaders should pursue a prioritized set of actions to translate strategy into reliable, scalable deployments while managing cost and regulatory risk. Begin by embedding supply chain resilience into procurement processes, including multi-sourcing options, contractual flexibility for component substitutions, and closer collaboration with logistics partners to mitigate disruptions. Next, adopt modular hardware and software-defined architectures that permit incremental scaling and simplified field upgrades, thereby minimizing site downtime and reducing the need for specialized on-site interventions.
Simultaneously, invest in integrated management and orchestration platforms that provide consistent policy enforcement, telemetry, and security across distributed sites, enabling centralized control without sacrificing edge performance. Strengthen partnerships with regional integrators and telecommunications providers to expedite site acquisition, power provisioning, and local regulatory compliance. Finally, cultivate operational excellence through targeted training programs and managed-service options that can be offered to customers; this will accelerate adoption among buyers that require turnkey solutions and reduce long-term operational risk for both vendors and operators.
A rigorous mixed-methods research approach combining primary interviews, vendor briefings, regulatory review, and data triangulation to ensure robust and actionable findings
This research employs a mixed-methods approach to ensure findings are grounded in both empirical evidence and practitioner perspectives. Primary research included structured interviews with infrastructure architects, procurement leaders, systems integrators, and service providers, complemented by vendor briefings that clarified product roadmaps and support commitments. Secondary research encompassed a review of regulatory guidance, technical specifications, and public statements that informed understanding of compliance and interoperability constraints.
Data synthesis was achieved through triangulation across sources, with iterative validation cycles that reconciled differing viewpoints and highlighted consensus areas. Where applicable, case studies and deployment scenarios were analyzed to extract operational lessons and success factors. The methodology explicitly acknowledges limitations related to proprietary deployment details and rapidly evolving technology roadmaps, and it applies conservative inference principles to ensure recommendations remain robust under varying market conditions.
A succinct conclusion synthesizing implications for decision-makers and summarizing the strategic attributes required for successful edge infrastructure initiatives
In closing, edge data centers have transitioned from experimental architectures to indispensable components of modern digital infrastructure, driven by performance demands, regulatory considerations, and evolving business models. Success at the edge requires more than deploying compact hardware; it demands cohesive strategies that align modular equipment choices with orchestration software, services, and regional operational realities. Organizations that integrate supply chain flexibility, standards-based interoperability, and strong partner ecosystems will be better placed to deliver consistent service levels and adapt to evolving application requirements.
Decision-makers should view edge initiatives as strategic programs rather than isolated projects, integrating them into broader IT and operational technology roadmaps. By doing so, they can maximize the benefits of reduced latency, enhanced resilience, and localized processing while managing the operational complexity inherent in distributed infrastructures. The cumulative effect of thoughtful design, disciplined procurement, and collaborative partnerships will determine who successfully leverages edge infrastructure to unlock competitive advantage.
Note: PDF & Excel + Online Access - 1 Year
Table of Contents
189 Pages
- 1. Preface
- 1.1. Objectives of the Study
- 1.2. Market Segmentation & Coverage
- 1.3. Years Considered for the Study
- 1.4. Currency
- 1.5. Language
- 1.6. Stakeholders
- 2. Research Methodology
- 3. Executive Summary
- 4. Market Overview
- 5. Market Insights
- 5.1. Implementation of AI-driven predictive maintenance across distributed edge data center micro facilities
- 5.2. Deployment of modular prefabricated edge data centers for rapid expansion in urban areas
- 5.3. Integration of advanced liquid cooling systems to improve energy efficiency in edge sites
- 5.4. Adoption of secure multi-access edge computing platforms to support low latency financial services
- 5.5. Utilization of renewable energy sources to power remote edge data centers reducing carbon footprint
- 5.6. Orchestration of distributed edge computing resources with hybrid cloud for seamless data processing
- 6. Cumulative Impact of United States Tariffs 2025
- 7. Cumulative Impact of Artificial Intelligence 2025
- 8. Edge Data Center Market, by Component
- 8.1. Hardware
- 8.1.1. Networking Equipment
- 8.1.2. Servers
- 8.1.3. Storage Devices
- 8.2. Services
- 8.2.1. Consulting Services
- 8.2.2. Installation & Deployment Services
- 8.2.3. Maintenance & Support Services
- 8.3. Software
- 9. Edge Data Center Market, by Deployment Mode
- 9.1. On-premises Edge Data Centers
- 9.2. Cloud/Hybrid Edge Data Centers
- 10. Edge Data Center Market, by End-User
- 10.1. Banking, Financial Services & Insurance
- 10.2. Energy & Utilities
- 10.3. Government & Defense
- 10.4. Healthcare
- 10.5. IT & Telecommunication
- 10.6. Manufacturing
- 10.7. Retail
- 11. Edge Data Center Market, by Facility Size
- 11.1. Small Edge Data Centers
- 11.2. Large / Hyperscale Edge Data Centers
- 11.3. Medium Edge Data Centers
- 12. Edge Data Center Market, by Region
- 12.1. Americas
- 12.1.1. North America
- 12.1.2. Latin America
- 12.2. Europe, Middle East & Africa
- 12.2.1. Europe
- 12.2.2. Middle East
- 12.2.3. Africa
- 12.3. Asia-Pacific
- 13. Edge Data Center Market, by Group
- 13.1. ASEAN
- 13.2. GCC
- 13.3. European Union
- 13.4. BRICS
- 13.5. G7
- 13.6. NATO
- 14. Edge Data Center Market, by Country
- 14.1. United States
- 14.2. Canada
- 14.3. Mexico
- 14.4. Brazil
- 14.5. United Kingdom
- 14.6. Germany
- 14.7. France
- 14.8. Russia
- 14.9. Italy
- 14.10. Spain
- 14.11. China
- 14.12. India
- 14.13. Japan
- 14.14. Australia
- 14.15. South Korea
- 15. Competitive Landscape
- 15.1. Market Share Analysis, 2024
- 15.2. FPNV Positioning Matrix, 2024
- 15.3. Competitive Analysis
- 15.3.1. 365 Data Centers
- 15.3.2. Amazon Web Services, Inc.
- 15.3.3. American Tower Corporation
- 15.3.4. AtlasEdge Data Centres
- 15.3.5. Broadcom, Inc.
- 15.3.6. Cisco Systems, Inc.
- 15.3.7. CommScope Holding Company, Inc.
- 15.3.8. Compass Datacenters
- 15.3.9. DartPoints
- 15.3.10. Dell Inc.
- 15.3.11. Digital Realty Trust Inc.
- 15.3.12. Eaton Corporation PLC
- 15.3.13. Edge Centres Pty Ltd.
- 15.3.14. EdgeConneX, Inc.
- 15.3.15. EdgePresence by Ubiquity
- 15.3.16. Equinix, Inc.
- 15.3.17. Flexential Corporation
- 15.3.18. Fujitsu Limited
- 15.3.19. Google LLC by Alphabet Inc.
- 15.3.20. H5 Data Centers
- 15.3.21. Hewlett Packard Enterprise Company
- 15.3.22. HostDime Global Corp.
- 15.3.23. Huawei Technologies Co., Ltd.
- 15.3.24. International Business Machines Corporation
- 15.3.25. Lumen Technologies, Inc.
- 15.3.26. Microsoft Corporation
- 15.3.27. NEC Corporation
- 15.3.28. Nvidia Corporation
- 15.3.29. Oracle Corporation
- 15.3.30. Penta C.V.
- 15.3.31. Rittal GmbH & Co. KG
- 15.3.32. SAP SE
- 15.3.33. Schneider Electric SE
- 15.3.34. The Siemon Company
- 15.3.35. Vapor IO, Inc.
- 15.3.36. Vertiv Group Corporation
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