Edge Data Center Market Growing at a CAGR of 20% to 2024 | Top Key Players are Huawei Technologies Co., Hewlett-Packard Enterprise Company, IBM Corporation, Hitachi Vantara, Vertiv, vXchnge Holdings, LLC, EdgeConneX

The global edge data center market is estimated to emerge as a highly remunerative vertical in the coming years on account of the rising need for higher wireless bandwidth as well as the increasing demand for OTT (Over-The-Top) platforms. The globe has lately become extensively dependent on wireless connections. In the years to come, workplaces are estimated to require more sophisticated applications that can facilitate faster and more reliable data transfers. Infrastructures are expected to evolve to support high wireless bandwidth and data usage in the future. As a result, service providers are improving their fiber networks to carry wireless data back to edge data centers to serve situations where local processing is needed for low-latency applications such as autonomous cars and remote surgery.

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Moreover, to support technologies like Cloud Radio Access Networks, edge computing will be employed to support 5G wireless technologies as there will be more data processed at the edge of the network in the coming years.

Good fiber optics infrastructure will also offer reliable and cost-effective transmission capacity to edge data centers, while having them close to IoT sensors and actuators to reduce transmissions latency and cost, which will drive market growth.

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.

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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.

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.

Table of Content:

Chapter 1. Edge Data Center Market Methodology and Scope

Chapter 2. Edge Data Center Market Executive Summary

Chapter 3. Edge Data Center Industry Insights

Chapter 4. Edge Data Center Market, By Component

Chapter 5. Edge Data Center Market, By Application

Chapter 6. Edge Data Center Market, By Region

Chapter 7. Edge Data Center Market Company Profiles

Outer scope of this report another factor that is likely to drive the edge data center market demand is the rapid growth of OTT platforms encouraging companies to build network facilities at the edge locations. For instance, the OTT market is experiencing immense growth, particularly in India. The country apparently hosts the world’s second largest online viewing audience, which is expected to rise up to 500 million by the end of 2020, which is a lucrative factor that would drive the OTT industry as well as the edge data center market.

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Related Report:

Global Edge Data Center Market 2018-2022

An edge data center is about providing service, connectivity-rich, and carrier-dense offerings close to customers within close regions, it provides critical services to customers with solid connectivity options, low latency networks, and a quality data center experience.

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