Edge Data Center Market, is Projected to Show Profitable Expansions Over the forecast period 2027
Market Scenario:
Market Research Future (MRFR) predicts the global Edge Data Center Market to reach USD 1,740 million at a CAGR of 13% from 2017 to 2023 (forecast period).
The high level of computation and network infrastructure necessary to run IoT software is an emerging trend in the edge data center industry. Zellabox, a market leader in the data center market, offers a variety of modular data center solutions that are energy-efficient, flexible, robust, aesthetically pleasing, and scalable. Huawei is positioned as a challenger player for data center networking solutions due to its rapid expansion in market share and innovative hardware and software solutions. Rittal, a global leader in the edge data center industry, provides a wide range of solutions, enabling users through pre-configured services for easy and quick deployment.
By application, the edge data center consists of edge computing. Edge computing allows for real-time data analysis because the data is stored in a local device rather than at a remote location or in the cloud. It also provides other advantages such as lower operational costs, less network traffic, and increased application performance.
According to the analysis, the edge data center industry is being driven by booming digital demand, rising complexities in IT infrastructure, increased data traffic, and rising complexities within data centers. The edge data center market is divided into two categories: service type and vertical. The data center service market is classified into support services, consulting services, training services, financial services, application services, and outsourcing services.
COVID-19 Impact on the Global Edge Data Center Market
COVID-19 is an ongoing global public health emergency that has affected almost every industry, with long-term effects expected to affect industry growth over the projected period.
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Competitive Outlook:
The prominent players in the edge data center market are – Rittal (Germany), Cisco Systems, Inc. (U.S.), Elliptical Mobile Solutions (U.S.), Huawei Technologies Co. Ltd. (China), Panduit Corp (U.S.), Anixter International (U.S.), Wave-2-Wave Solution Corporation (U.S.), Zellabox (Australia), Dell Inc. (U.S.), Silicon Graphics, Inc. (U.S.) among others.
Segmentation:
The global edge data center industry has been segmented into components, service, organization size and vertical.
By components, the global edge data center industry has been segmented into Hardware, Software, Service.
By service, the global edge data center market has been segmented into professional service, support and maintenance service.
Based on organization size, the global edge data center industry has been segmented into small & medium enterprises and large enterprises.
By vertical, the global edge data center market has been segmented into Banking, IT & telecommunications.
Regional Analysis:
The global edge data center industry has been segmented into North America, Europe, Asia Pacific, and the rest of the world.
Because of the presence of large firms in the region, North America is a prominent player in the edge data center market. One of the main reasons for the growth of the edge data center market is that they are very efficient and are about to replace server rooms of SMEs in the region. The study also reveals that the Asia Pacific region has the potential to grow significantly in the edge data center market over the forecast period.
Industry News
The global edge data center market is anticipated to reach USD 1,740 million at a CAGR of 13% from 2017 to 2023 (forecast period). The edge data center market is being driven by rising complexity in IT infrastructure, increasing data traffic, and rising complexities within data centers. Moreover, the developing trend in the edge data center industry is focused on the high level of computation and network infrastructure required to run IoT software. These are also helping to strengthen the market.
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Table of Contents:
1 Executive Summary
2 Scope of the Report
2.1 Market Definition
2.2 Scope of the Study
2.2.1 Research objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
Continued….
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