PUBLISHER: Orion Market Research | PRODUCT CODE: 1215839
PUBLISHER: Orion Market Research | PRODUCT CODE: 1215839
Title:Global Edge Data Center Market Size, Share & Trends Analysis Report by Solutions (DCIM & Analytics, Power, Cooling, Networking Equipment, and Others), by Services (Integration & Implementation, Consulting, and Managed), and by Verticals (IT & Telecom, BFSI, Healthcare & Lifesciences, Manufacturing, Government, Automotive, Gaming & Entertainment, Retail & E-Commerce, and Others) Forecast 2022-2028.
The global edge data center market is anticipated to grow at a substantial CAGR of 21.7% during the forecast period. The major factor that drives the global edge data center market due to the rise in demand for high computational power is encouraging service providers to host data center at edge locations for low-latency connectivity, providing various growth opportunities to the market. Furthermore, with the increasing adoption of connected devices among manufacturers, the demand for the edge data center for high-performance IT & network infrastructure solutions will escalate, fuel the global edge data center market.
The global edge data center market is segmented based on the solution, services, and verticals. Based on the solution, the market is segmented into DCIM & analytics, power, cooling, networking equipment, and others. Based on the services, the market is sub-segmented into the integration & implementation, consulting, and managed. Based on the verticals, the market is sub-segmented into IT & telecom, BFSI, healthcare & life sciences, manufacturing, government, automotive, gaming & entertainment, retail & e-commerce, and others. Among these, the integration and implementation services are likely to hold a prominent share in the global edge data center market. The proper deployment of edge data center solutions is important for several network systems and network infrastructure. Trained professionals are essential for deploying a solution. Integration service providers focus on providing seamless integration of the platform with other tools including CRM, analytics tools, AI-powered matchmaking assistance to enhance engagement, and networking opportunities of like-minded individuals.
Geographically market is segmented into: North America, Europe, Asia Pacific, and the Rest of the World. Asia Pacific region is expected to be the fastest-growing market during the forecast period due to the rising adoption of advanced technologies, such as IoT and cloud computing. For instance, In April 2019, Reichle & De-Massari (R&M) Holding AG introduced a micro data center for edge deployments in India. The data centers are supporting the growth of compact, high-performance data center infrastructure on the edge of the cloud.
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 September 2021, HP announced a sweeping series of new cloud services for the HPE GreenLake edge-to-cloud platform, providing customers with unmatched capabilities to power digital transformation for their applications and data. This represents HPE's entry into two large, high-growth software markets including merged analytics and data protection.
Research Methodology
The market study of the global edge data center market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market into various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives as possible, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.
Secondary Sources Include:
The report provides an in-depth analysis of market size, intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.
Market Segmentation
The Report Covers: