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Colocation Edge Data Center Global Market Exhibit a Remarkable CAGR of 25.7% and is expected to reach $24.67 Billion By 2028 | Dell Inc., Hitachi Ltd., Cisco Systems Inc., KDDI Corporation, Rackspace Inc.
Colocation Edge Data Center Global Market
As per the report, 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 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%.
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5G Adoption Fuels Growth In The Colocation Edge Data Center Market
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.
Companies Are Leveraging Colocation Edge Data Centers To Optimize Operations And Drive Innovation
Major companies operating in the colocation edge data center market are focused on providing advanced offerings, such as advanced colocation services, to expand their market reach and gain a competitive edge in the market. These data center colocation services provide a secure and cost-effective alternative to in-house server management. It also helps address the significant resource depletion associated with building and maintaining data centers. For instance, in August 2021, IT Block Pte. Ltd., a Singapore-based IT services provider company, launched data center colocation services, offering a comprehensive solution for the configuration, installation, and maintenance of server rooms. This service allows companies to focus on expanding their business by outsourcing the management of data centers. IT Block Data Center Colocation Services comprise equipment procurement, design and installation, power and cooling, security, management, and maintenance services. These services can be customized to meet unique corporate needs.
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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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.
Contents of the report:
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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