Edge Data Center Market Highlights:
According to Market Research Future (MRFR)’s latest analysis, the global edge data center market is projected to strike a robust CAGR of 13% during the forecast period 2017 t0 2023. The value of the market is expected to reach USD 1,740 Mn towards the end of 2023.
The rising market presence of internet services has led to an exponential increase in the digital need of the global population. This, in turn, has catalyzed the momentum of growth of the edge data center market.
Investments are likely to flow towards the Edge Data Center Market and open avenues of innovation and technological developments. It is prognosticated to catapult the edge data center market on an upward trajectory. The increase in global economic growth coupled with the dependency of enterprises on the internet has intensified the need for the adoption of edge data centers. It facilitates seamless connectivity, storage, and uninterrupted UPS.
This is likely to drive the growth of the market significantly through the assessment period. Other factors that are expected to favor the proliferation of the market include rising complexities within the IT infrastructure, thriving data traffic, increase in complexities within data centers, etc.
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The global edge data center market comprises a host of key players. This includes names like Wave-2-Wave Solution Corporation (U.S.), Panduit Corp (U.S.), Rittal (Germany), Elliptical Mobile Solutions (U.S.), Anixter International (U.S.), Cisco Systems, Inc. (U.S.), Zellabox (Australia), Dell Inc. (U.S.), Huawei Technologies Co. Ltd. (China), Silicon Graphics, Inc. (U.S.), and others.
A key trend noticed in the global edge data center market is the high level of network infrastructure and computing that is being used for operating IoT software. Leading players like Zellabox offers a range of modular data center solutions, which are flexible, energy efficient, scalable, robust, and aesthetic. Huawei, a leading Chinese technology MNC, is expected to play a major role in data center networking solutions. This is due to its fast-paced growth in market share and its innovative solution offerings in software and hardware. Rittal, a pioneering player in the edge data center market, is offering a number of solutions, wherein it is providing pre-configured service for quick and smooth deployment.
The global edge data center market has been segmented in terms of organization size, vertical, service, and components.
- By components, the market branches down into software, hardware, and service.
- By service, the market narrows down into support & maintenance service and professional service.
- By vertical, the market comprises healthcare, BFSI, IT & Telecommunication, and others.
- By organization size, the market segments into small- and medium-sized enterprises (SMEs) and large-scale enterprises.
The global edge data center market is geographically distributed across the following key regions: Asia Pacific, North America, Europe, and the Rest of the World (RoW).
North America spearheads the global edge data center market with the maximum share percentage under its belt. The digitalization of business operations due to the integration of cloud computing and IoT is anticipated to push the North American edge data center market growth. Additionally, the presence of a number of major players in North America is another key factor driving its growth.
Europe, on the other hand, is expected to experience large-scale deployment of edge data centers in the coming years due to the surging demand from various business enterprises. The regional market is expected to retain its position and stand tall in the second spot of the global edge data center market standings over the forecast period.
Elsewhere, Asia Pacific is reported to pose major opportunities of growth in the coming years. Herein, fast developing and emerging economies like India and China are anticipated to garner major revenue and contribute significantly to the growth of the Asia Pacific regional market. Add to this, the favorable and encouraging support from the government in promoting digitalization herein is majorly accelerating the adoption rate of edge data centers in Asia Pacific, thereby pushing its market growth.
July 2019, one of the leading providers of enterprise-class data center, managed services, and connectivity, DataBank, announced in a release about the expansion of its Pittsburgh-based edge data center. The PIT1 expansion is aimed to address the demand for enterprise grade infrastructure alongside robust interconnection options.
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Table of Contents
1 Market Introduction
1.2 Scope of Study
1.2.1 Research Objective
1.3 Market Structure
List of Tables
Table 1 Edge Data Center Market, By Components
Table 2 Edge Data Center Market, By Organization Size
Table 3 Edge Data Center Market, By Vertical
List of Figures
Figure 1 Research Type
Figure 2 Edge Data Center Market: By Components (%)
Figure 3 Edge Data Center Market: By Organization Size (%)
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