Edge Data Center Market size worth around $16bn by 2025

Edge Data Center Market revenue is set to surpass USD 16 billion by 2025; according to a new research report by Global Market Insights, Inc.
 

The edge data center market is expected to witness significant growth from 2019 to 2025 owing to the rapid growth in the demand for Over-The-Top (OTT) services, encouraging enterprises to invest in network facilities at edge locations. Edge data centers offer higher bandwidth to these services and provide better experiences to users. Several telecom providers are witnessing increased requirements for these facilities and moving data processing to the edge of the network to speed up response times and reduce latency. Moreover, these facilities enable running applications in a secure computing environment and are ideally positioned for high-density networks. Traditional data centers located at several geographical areas experience congestion and weak connection issues, encouraging enterprises to shift to edge facilities.


 

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Increase in data traffic and big data analytics

High data generation is impacting data center investments across various regions. The rising number of smartphone and internet users coupled with the increasing demand for cloud-based services is propelling the edge data center market growth. Increasing data generation is forcing enterprises to scale up to modern operational requirements. Edge computing offers real-time data analysis by storing data on a local device than on the cloud. It provides several benefits such as reduced network traffic, low operating cost, and improved application performance. Moreover, factors, such as increasing digitalization and data localization laws in countries, are encouraging enterprises to invest in the construction of these facilities.
 

Browse key industry insights spread across 275 pages with 344 market data tables and 33 figures & charts from the report, “Edge Data Center Market Size By Component (Solution [Cooling, Power {UPS}, IT Racks & Enclosures, Networking Equipment, DCIM] Service [Installation & Integration, Managed, Consulting]), By Application (BFSI, Colocation, Energy, Government, Healthcare, Manufacturing, IT & Telecom), Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2019 – 2025” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/edge-data-center-market
 

Rising applications of DCIM for asset management, data recovery, and incident management

DCIM solutions allow operators to monitor & manage electrical devices and enable analysis & prediction of system failures by reducing the time and effort. They are expected to witness high demand owing to their wide adoption for managing power and cooling in data centers. The software offers easy access to accurate data, status of power, and space & cooling capacity and allows complete monitoring of resource utilization in data centers.
 

Service providers are partnering with DCIM solution providers for effective management and maintenance of IT assets, driving the edge data center market. For instance, in July 2018, The Siemon Company, which designs and manufactures IT infrastructure solutions for data centers announced its partnership with netTerrain DCIM from Graphical Networks for providing its customers a web-based platform to visualize and access components including cabinets, racks, cable, fiber connectivity, and PDUs.
 

Increasing cloud technology and favorable government policies accelerating the market in North America

North America accounted for a majority of the edge data center market share owing to the high adoption of cloud services, growing popularity of big data analytics and increasing investments in the ICT infrastructure. Enterprises in the U.S. and Canada are implementing these facilities for improving productivity and effectiveness in business operations across various industrial sectors. Technological advancements, such as IoT and cloud computing, are digitalizing industrial processes and operations, providing a positive outlook to the industry. The adoption of robotic devices in these countries is generating a massive amount of data, forcing companies to adopt these facilities. Moreover, the rise in government initiatives for supporting the rapid expansion of these facilities is driving market growth. For instance, in June 2019, in the U.S., the Illinois government announced to offer tax incentives on the equipment in data centers including cooling, heating equipment, servers, and storage racks.
 

The companies operating in the edge data center market are focusing on offering new products and services to improve the efficiency and reliability in data management and security. Global players are establishing long-term partnerships and collaborations with leading industrial players with an aim to strengthen their market presence. For instance, in September 2019, EdgeConneX, Inc., announced partnership with Lume Technologies Inc., a Georgia-based data center solution provider. The partnership will allow its customers to leverage Lume’s Cloud Anyware service suite and deploy hybrid, virtual private, and on-premise cloud solution. The move will also enable the company to enhance its portfolio of cloud solution providers globally.
 

As the demand for edge data centers increases, the competitive landscape is expected to become more intense, encouraging vendors to focus on several pricing and technology development strategies to remain competitive in the market. Some of the key players include Rittal GmbH & Co. KG, Huawei Technologies Co., Ltd., Vapor IO, Inc., Eaton Corporation, Vertiv, Co., 365 Operating Company LLC, EdgeConneX, Inc., Fujitsu Ltd, and Schneider Electric SE.
 

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