Edge data centers are smaller data centers with more efficient architectures that extend the network’s edge to give cloud computing capabilities and cached streaming content to local-end users by moving and processing data. Due to edge latching, edge data centers are generally employed in the IT infrastructure and communication sectors and are located closer to local end-users to provide speedier services with minimal latency. Edge data center is used to deliver cloud computing resources and cached content to users.
Sizing and Forecast
The edge data center market size has grown exponentially in recent years. It will grow from $11.16 billion in 2023 to $13.83 billion in 2024 at a compound annual growth rate (CAGR) of 23.9%. The growth in the historic period can be attributed to low latency requirements, bandwidth-intensive applications, data sovereignty and privacy, edge analytics for real-time insights, edge security and compliance.
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Segmentation & Regional Insights
The edge data center market covered in this report is segmented –
1) By Component: Solution, Service
2) By Product Type: General construction, Power management systems, Cooling systems, Security solutions, Racks, Other Product Types
3) By Data Center Size: Micro Data Centers, Hyperscale or Enterprise Data Center, Other Data Center Sizes
4) By Application: Banking, Financial Services and Insurance, Telecommunication and IT, Government, Healthcare, Manufacturing, Media and Entertainment, Transportation and Logistics, Hospitality, Other Applications
North America was the largest region in the 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 edge data center market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
Rising internet penetration and rapid digitization are expected to propel the growth of the edge data center market going forward. The relationship between the number of internet users in each country and its demographic data is called internet penetration, and the process of transforming information into a computer-readable format is known as digitization. Edge data centers are used to integrate various digital devices and electronic devices via the internet. An edge data server serves as a link between two networks that are geographically separated and connected via the internet. For instance, according to the article published by DataReportal, an India-based business intelligence company, in 2022, the number of people using the internet stood at 5 billion worldwide, accounting for 63% of the global population. Also, the world’s connected population increased by about 200 million in April 2022. Therefore, the rise in internet penetration and digitalization are driving the edge data center market growth.
Key Industry Players
Major companies operating in the edge data center market report are 365 Data Centers Services LLC, Compass Datacenters LLC, DC BLOX Inc., Eaton Corporation PLC, Fujitsu Limited, Huawei Investment and Holding Co. Ltd., Rittal GmbH and Co. KG, Schneider Electric S. E., Vertiv Group Corp., vXchnge operating LLC, Panduit Corp., Hewlett Packard Enterprise Development LP, Hitachi Ltd., International Business Machines Corp., Flexential Corp., Vapor IO Inc., Microsoft Corporation, Anixter International, Wave-2-Wave Solution Corporation, Cisco Systems Inc., Elliptical Mobile Solutions, Zellabox DC, Dell Inc., Silicon Graphics Inc., Equinix Inc., EdgeMicro, AtlasEdge Data Centres, EdgeConneX Inc., Juniper Networks, Amazon Web Services Inc.
The edge data center market report table of contents includes:
1. Executive Summary
2. Edge Data Center Market Characteristics
3. Edge Data Center Market Trends And Strategies
4. Edge Data Center Market – Macro Economic Scenario
5. Global Edge Data Center Market Size and Growth
………..
31. Global Edge Data Center Market Competitive Benchmarking
32. Global Edge Data Center Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Edge Data Center Market
34. Edge Data Center Market Future Outlook and Potential Analysis
35. Appendix
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