Edge Data Center Market Worth to cross USD 20603.28 million By 2027
Posted On July 09, 2021
The Global Edge Data Center Market value is expected to grow by an impressive 20% of CAGR during the forecast period of 2021 to 2027. The market can grow to USD 20603.28 million by 2027 as per the report by Value Market Research. The key factors driving the edge data center market are the launching of 5G, increased adoption of IoT devices, and surge in OTT and mobile data traffic. Owing to increasing demand for high computational efficiency, service providers are setting up data centers at edge locations to minimize latency creating a positive impact on the market. Moreover, the increasing use of the internet and connected devices is fuelling the demand for bandwidth-intensive applications. In addition, the need for real-time data analysis and demand for enhanced application performance will fuel the edge data market. Furthermore, increasing demand for autonomous vehicles, smart cities, and video streaming services will boost the market. However, the Covid-19 pandemic will hinder edge data center market growth.
Edge data center is a small-sized facility situated in close proximity to the end-users, it serves. It provides cloud computing services and cached content to its clients. It processes client data as near to its source of origin as possible and helps to implement edge computing. The main advantages of edge data center are fast delivery of services and reduced latency. Latency is a major problem for organizations that work with big data, IoT, streaming and cloud services. But with edge data centers, organizations can minimize latency and offer improved customer experience. Edge data centers join with a bigger, central data center or numerous other data centers and are managed remotely.
The detailed research study "Global Edge Data Center Market Report By Data Center Size (Micro Data Centers, Hyperscale/Enterprise Data Center, Others), By Industry (Banking, Financial Services, And Insurance (BFSI), IT And Telecom, Research And Academics, Government And Defense, Retail, Manufacturing, Healthcare, Media And Entertainment, Others) And By Regions - Industry Trends, Size, Share, Growth, Estimation And Forecast, 2021-2027" assists in understanding the market dynamics with qualitative as well as quantitative data.
On the basis of data center size the market is segmented into Micro Data Centers, Hyperscale/Enterprise Data Center, Others. By industry the edge data center market is categorised as Banking, Financial Services, and Insurance (BFSI), IT and Telecom, Research and Academics, Government and Defense, Retail, Manufacturing, Healthcare, Media and Entertainment, Others (Energy and Utilities, and Transportation and Logistics).The regions covered in the market study are North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. This section throws light on the geographical spread of revenue and/or volume of the edge data center market.
The Report Segments Global Edge Data Center Market -
By Data Center Size
- Micro Data Centers
- Hyperscale/Enterprise Data Center
- Banking, Financial Services, and Insurance (BFSI)
- IT and Telecom
- Research and Academics
- Government and Defense
- Media and Entertainment
- Others (Energy and Utilities, and Transportation and Logistics)
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
Players Profiled In the Report:
365 Operating Company LLC, IBM Corporation, Eaton Corporation, Dell Technologies, Inc., EdgeMicro, EdgeConneX, Inc., EdgePresence, Flexential Corporation, Hewlett Packard Enterprise (HPE) Company, Fujitsu Ltd, Huawei Technologies Co., Ltd., Netrality Properties LP, NVIDIA Corporation, Panduit Corporation, Rittal Gmbh & Co. KG, Panduit Corporation Schneider Electric SE, Systel, Inc.Servtech Inc., Smart Edge Data Centres Limited, Vapor IO, Inc., vXchnge Holdings LLC, Vertiv Group Co., Zella DC.
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