Edge Data Center Market Size, Share & Trends Analysis Report Forecast 2024-2031.

Edge data center market is anticipated to grow at a significant CAGR of 21.7% during the forecast period. The global data center market is expected to grow during the forecast period due to the growing usage of internet services followed by the rise in the number of connected devices has transferred the trend toward bandwidth-intensive applications. The increasing adoption of digital services is changing the way data center are being utilized. As it takes extra time to deliver digital services to customers when the distance from the data center increases, establishing a data canter closer to the point of the application provides complete control over data processing and storage at the edge of a network compared to establishing it in a centralized warehouse. The demand for decreasing network traffic, real-time data analysis, low operating costs, and enhance application performance will fuel the growth of the edge data center market.

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Impact of COVID-19 Pandemic on Global Edge Data Center Market

Due to the COVID-19 pandemic, organizations across the globe were experiencing huge changes in the way products and services were bought and sold. Many studies and survey organizations, including large enterprises and SMEs, have increased their marketing spending during and after the COVID-19 pandemic situation. Furthermore, Technologies such as IoT and 5G, along with edge computing, make it manageable for the organization to handle COVID-19-related risks and customer expectations. Software applications, telemedicine programs, and diagnostic devices utilizing patient data can enable medical professionals to reach their patients rapidly and efficiently. Edge computing authorizes streaming services to enhance their network performance for end-users.

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by Solutions (DCIM & Analytics, Power, Cooling, Networking Equipment, and Others),

by Services (Integration & Implementation, Consulting, and Managed), and

by Verticals (IT & Telecom, BFSI, Healthcare & Life sciences, Manufacturing, Government, Automotive, Gaming & Entertainment, Retail & E-Commerce, and Others)

Market Players Outlook

The major companies serving the global edge data center market include 365 Operating Company LLC, Cisco Systems, Inc., Compass Datacenters, Compass Datacenters, Dell International Services India Pvt. Ltd., Eaton Corp. plc, and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers & acquisitions, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in December 2020, Mimik technology, Inc. collaborated with IBM to build AI-enabled collaborative workflow solutions designed to help accelerate automation and digital transformation across manufacturing, retail, IoT, and healthcare. Mimik's hybrid edge cloud platform transforms cloud applications from a fixed client-server architecture where server functionality is limited to servers in data centers and gateways to a fully distributed architecture, authorizing client devices to act as servers.

The Report Covers

Annualized market revenues ($ million) for each market segment.
Country-wise analysis of major geographical regions.
Key companies operating in the global edge data center market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
Analysis of market entry and market expansion strategies.
Competitive strategies by identifying 'who-stands-where' in the market.

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