Colocation Edge Data Center Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The colocation edge data center market size has grown exponentially in recent years. It will grow from $7.87 billion in 2023 to $9.88 billion in 2024 at a compound annual growth rate (CAGR) of 25.5%. The growth in the historic period can be attributed to rising investment in digital transformation, rising use cases of cloud-based solutions, expansion of the IT and telecom industries, introduction of new data center facilities, and increase in utilization of online services.
The colocation edge data center market size is expected to see exponential growth in the next few years. It will grow to $24.67 billion in 2028 at a compound annual growth rate (CAGR) of 25.7%. The growth in the forecast period can be attributed to growing adoption of 5G networks, rising demand for edge data centers as a service, demand for advanced technologies, growing use of cloud services, and an and an increase in data centers and edge computing solutions. Major trends in the forecast period include need to improve data handling and customer services, use of edge solutions, innovation of hybrid cloud infrastructure, rising integration of cloud-based solutions, and implementation of advanced technologies in existing systems.
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Scope Of Colocation Edge Data Center Market
The Business Research Company’s reports encompass a wide range of information, including:
- Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
- Drivers: Examination of the key factors propelling market growth.
- Trends: Identification of emerging trends and patterns shaping the market landscape.
- Key Segments: Breakdown of the market into its primary segments and their respective performance.
- Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
- Macro Economic Factors: Assessment of broader economic elements impacting the market.
Colocation Edge Data Center Market Overview
Market Drivers –
The increasing adoption of 5G networks is expected to propel the growth of the colocation edge data center market going forward. 5G network technology refers to the fifth generation of mobile network technology, which represents a significant advancement over its predecessors (2G, 3G, and 4G/LTE, or Long-Term Evolution). The adoption of 5G is driven by the need for faster data speeds, lower latency, and increased network capacity to support the growing demands of IoT, streaming services, and emerging technologies like autonomous vehicles and smart cities. Colocation edge data centers enable the widespread adoption of 5G technology by delivering low-latency, high-performance computing resources at the network edge. These facilities enable edge computing, scalability, dependability, and IoT deployments, which provide the infrastructure needed to fully utilize 5G networks. For instance, in April 2023, according to 5G Americas, a US-based industry trade organization, there was a 76% growth in global 5G wireless connections from the end of 2021 to the end of 2022, reaching a total of 1.05 billion connections. Therefore, the increasing adoption of 5G networks is driving the growth of the colocation edge data center market.
Market Trends –
Major companies operating in cloud accounting software are focusing on innovating new software solutions such as accounting and audit services, to manage core accounting tasks. This software solution is designed to help accounting firms streamline their operations efficiently by providing a comprehensive platform. For instance, in November 2023, Zoho Corporation, an India-based multinational technology company, launched Zoho Practice, an end-to-end practice management solution for chartered accountants (CAs). The software may act as a one-stop solution for simplifying a cloud accounting and auditing firm’s activities and allowing internal and internal communication with clients for several business requirements. Additionally, the software integrates with Zoho Books, enhancing the overall functionality and insights available to accounting professionals.
The colocation edge data center market covered in this report is segmented –
1) By Type: Retail Colocation, Wholesale Colocation
2) By Application: Banking, Financial Services And Insurance (BFSI), Energy, Government And Defense, Healthcare, Information Technology And Telecom, Manufacturing, Retail, Other Applications
3) By End-Use: Small And Midsize Enterprise (SMEs), Large Enterprises
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Regional Insights –
North America was the largest region in the colocation edge data center market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the colocation edge data center market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Key Companies –
Major companies operating in the colocation edge data center market are Verizon Communications Inc., Dell Inc., Huawei Technologies Co. Ltd., NTT Communications Corporation, Hitachi Ltd., China Telecom Global Limited, International Business Machines Corporation, Cisco Systems Inc., KDDI Corporation, Schneider Electric SE, Fujitsu Limited, Hewlett Packard Enterprise Company, NVIDIA Corporation, NEC Corporation, Eaton Corporation PLC, Inventec Corporation, ASUSTeK Computer Inc., Singapore Telecommunications Limited, Equinix Inc., Vertiv Group Corporation, Super Micro Computer Inc., Digital Realty Trust Inc., Rackspace Inc., Arm Ltd., Inspur Co. Ltd., Arrcus Inc.
Table of Contents
1. Executive Summary
2. Colocation Edge Data Center Market Report Structure
3. Colocation Edge Data Center Market Trends And Strategies
4. Colocation Edge Data Center Market – Macro Economic Scenario
5. Colocation Edge Data Center Market Size And Growth
…..
27. Colocation Edge Data Center Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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