As indicated by Acumen Research and consulting, the global edge data center market size is evaluated to reach around USD 13 billion by 2026 and CAGR to develop around 20% over the estimate time frame. Speedy growth in the demand for Over-The-Top (OTT) high-quality content, increase in the proliferation of IoT, mounting need for secure computing environment, growing data storage requirements in metro areas and rise in the CDN traffic have boosted the growth of the global edge data center market. The North America market is likely to expand at noteworthy CAGR owing to the escalation in the adoption of advanced computing technologies and presence of large number of global players in the IT & telecom sector in the region.
IT & Telecom Segment is Expected to Contribute Largest Market Share in the Market
On the basis of application, the edge data center market is bifurcated into BFSI, energy, government, IT & Telecom, healthcare, collocation and manufacturing. IT & Telecom segment is forecasted to dominate the global edge data center market during the forecast period owing to the growing adoption of advanced edge data center facilities for information access applications and management of data traffic. Numerous business operations in the industry are experiencing a rapid growth and expansion of the edge data center facilities and are witnessing the raise in costs and expenses for large data center facilities management. These factors are boosting the demand for improved facilities for enhanced data management, thereby increasing the growth of the market. On the other hand, the BFSI sector is also expected to witness high adoption rate of the edge data center facilities over the forecast period owing to the growing concerns for the safety and security of the confidential information. As large amounts of confidential data of the customers need to be stored and processed in a protected environment, the demand for edge data center facilities is increasing. Moreover, the use of IT facilities allows them to perform various modifications and advancements in the devices. These facilities provide various advantages such as minimized risk of data theft or loss, prediction & prevention, faster disaster detection, reduction in data transmission times and enabling faster intelligence. A number of telecom and service providers are witnessing augmented requirements for edge facilities owing to the increase in the demand for high computational power.
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North America to Continue to Grow at Maximum Growth Rate during the Forecast Period
Geographically, the global edge data center market has been divided into North America, Europe, Asia Pacific, Latin America and Middle East and Africa. North America is expected to be the topmost revenue generating region in the global Edge data center market. North America is anticipated to grow at substantial growth rate during the forecast period owing to the escalation in the adoption of advanced computing technologies and presence of large number of global players in the IT & telecom sector in the region. Various economies such as the U.S. and Canada are implementing these facilities in order to improve the effectiveness and productivity in business operations across various industry verticals. Europe is anticipated to show considerable growth during the forecast period. This growth is attributed to growing need to manage the huge data generated in numerous application industries. Rising amount of information generated by the various robotic devices forcing the companies to implement these facilities, thereby increasing the growth of the regional market. Asia Pacific is also expected to witness a considerable growth during the forecast period owing to the growing adoption of edge data center and ongoing technological advancements in the region.
GoodWe, Schneider Electric, Huawei, Shenzhen KSTAR and Delta Group are Likely to Continue to Lead the Global Edge data center Market
The edge data center market is consolidated with limited number of manufacturers. The company profiling of key players in the market includes company overview, major business strategies and revenues. The key players of the market are overview, major business strategies and revenues. The key players of the market are Huawei Technologies Co., Ltd., Rittal GmbH & Co. KG, IBM Corporation, Hitachi Vantara, Vertiv, Co., Schneider Electric SA, Hewlett-Packard Enterprise Company, EdgeConneX, Inc., Fujitsu Ltd., Flexential Corporation, vXchnge Holdings, Vapor IO, Inc., Panduit Corporation, Eaton Corporation and 365 Operating Company LLC.
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