|12-07-2018 11:13 AM CET - Business, Economy, Finances, Banking & Insurance||
Edge Data Center Market | Key Players - Rittal GmbH & Co. KG, Huawei Technologies Co., Ltd., Hewlett-Packard Enterprise Company, Eaton Corporation, IBM Corporation, Hitachi Vantara, Vertiv, Co., Panduit Corporation, Flexential Corporation, 365 Operating C
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The report is a comprehensive exploration of Edge Data Center Market offering growth rates, size of the industry, competitive landscape information, factors to the contributing growth of the Keyword Market and more.
Edge Data Center Market is expected to exceed USD 13 billion by 2024. The adoption of cloud technologies for storing and processing massive amount of data is growing at a rapid pace. This has resulted in an increase in data load and congestion on the cloud infrastructure. The companies are depending on edge facilities to store, process, and access their organizational data at a faster response rate and time. The manufacturers in the edge data center market are providing several effective solutions that allow these businesses to adopt edge computing technologies for managing the enterprise data. For instance, Dell Technologies, Inc. is offering several computing solutions such as PowerEdge XR2 server and PowerEdge R740/R740XD that are optimized for mobile Virtual Network Functions (VNF) workloads.
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Major players participating in the edge data center market are Rittal GmbH & Co. KG, Huawei Technologies Co., Ltd., Hewlett-Packard Enterprise Company, Eaton Corporation, IBM Corporation, Hitachi Vantara, Vertiv, Co., Panduit Corporation, Flexential Corporation, 365 Operating Company LLC, vXchnge Holdings, LLC, EdgeConneX, Inc., and Vapor IO, Inc. among others. The companies in the edge data center market are offering several advanced solutions and services to various industrial sectors. For instance, Rittal GmbH & Co. KG provides Secure Edge Data Center (SEDC), a complete plug & play facility, to sectors such as IT & telecom and energy.
The networking equipment segment is anticipated to witness steady growth over the forecast timespan. This equipment is installed in infrastructure facilities to provide effective connectivity and networking to electrical devices. They allow facility operators to manage the facilities by monitoring, analyzing, and detecting the status of the component with the integration of several network devices such as routers, switches, and modems. The implementation of these components in the infrastructure facilities allows companies to adopt perform edge computing in their established infrastructure facilities. These components allow them to store, manage, and access the data in a centralized computing environment, thereby propelling their demand in the edge data center market.
The BFSI sector is installing these facilities for managing, storing, processing, and accessing their classified & confidential information. The sector has witnessed a shift with businesses switching from the usage of physical documents to digitization. Banks and financial institutions face challenges arising from large volumes of data processing and storage, which has led to rise in the demand for high quality data center infrastructure. Moreover, banks and financial institutions are increasingly storing sensitive customer information that needs reliable data storage solutions. Increasing IT security threats have forced organizations to invest in reliable facilities, thereby driving demand for the edge data center market.
Asia Pacific edge data center market is witnessing high growth owing to the rising demand for the effective data storage facilities. Countries including India, China, and Japan have adopted several strategies, such as globalization, public-private partnerships, and government support to the industrial sectors, to ensure the growth of their economic conditions. The growth of these industrial segments has led to the generation of a massive volume of data, driving the edge data center market. Moreover, the process of deploying 5G connectivity in China and Japan is at a rapid pace, which is expected to drive the edge data center market growth.
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