Edge Data Center Market Highlights:
Edge Data Center platforms address the needs of the growing IT sector by quickly developing an IT environment that can be used flexibly. Digital transformations across the world indicate that the manufacturing industry would never be the same again. The proliferation of smart connected devices, IoT devices, sensors, actuators, equipment, and robots has been enabling industry 4.0 and mobile data to offer new possibilities to communicate with the central production control system and also with each other.
In such scenarios, large volumes of data of production processes and the production infrastructure are being generated that need to be made available and processed quickly. The edge data center platforms address these high demanding situations. Using a high level of computing and network infrastructure for operating IoT software is an emerging trend in the edge data center industry.
Over the last couple of years, the edge data center market is gaining considerable prominence. Due to the growing number of businesses, the need to reduce latency and speed delivery of services and data is increasing hugely. Moreover, the penetration of cloud applications, the Internet of Things (IoT) escalates the market globally.
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Acknowledging the exponential growth of the market, Market Research Future (MRFR) asserts that the value of the global edge data center market would reach approximately USD 1,740 MN by 2023. MRFR also confirms that the market would register a CAGR of 13% throughout the forecast period (2017 and 2023).
Various offerings of the Edge Data Center Market, including the value beyond hub data centers in retail locations, server closets, and more, alongside, the rising edge deployments drive the growth of the market. Also, increasing the availability of plug-n-play assemblies in various output classes that can be combined in no time at all, positively impact the growth of the market. Such ready-to-use solutions help companies to get a data center activated far faster with optimum operating efficiency.
Furthermore, increasing deployments of edge data centers in industries ranging from smart retail to smart healthcare push the growth in the market. Rising number of smart city projects and the expansion of 5G mobile networks wherein, edge data centers can carry out data processing directly at the mobile base station drive the growth of the market.
Edge Data Center Market Geographical Analysis:
North America is the leader in the global edge data center market. The presence of major technology providers alongside, the well-established infrastructure that enables rapid implementation of advanced technologies positively impacts the regional market. Moreover, factors such as increasing investments in edge computing and data centers, rapid advances in technologies, and increasing popularity of cloud platform foster the regional market growth.
The Edge Data Center Market in Europe takes the second lead in the global space, heading with the high adoption of cloud technology and IoT. Germany, backed by the increasing demand for IoT leads the regional market, creating a large revenue pocket. Furthermore, augmenting demand for edge data centers to ensure continuous delivery of operations and management services positively impacts the growth of the market in the region.
The Asia Pacific edge data center is rapidly emerging as a promising market, globally. Augmenting demand for the highly efficient, edge data centers to replace server rooms of increasing number of SMEs in the region fosters the growth of the market in the region.
The edge data center market is brisk, especially in rapidly developing countries such as China, Japan, and India due to the increasing numbers of enterprises in these regions. APAC countries have been increasingly attracting several multinational companies over the last couple of decades, which indicates that the region has a wide scope to grow significantly in the edge data center market during the forecast period.
Major Key Players:
Players leading the edge data center market include Cisco Systems, Inc. (US), Rittal (Germany),Elliptical Mobile Solutions (US), Panduit Corp (US), Huawei Technologies Co. Ltd. (China), Anixter International (US), Zellabox (Australia), Wave-2-Wave Solution Corporation (US), Dell Inc. (US), and Silicon Graphics, Inc. (US), among others.
Edge Data Center Market Segments:
The report segments the market into four key dynamics to widen the scope of understanding,
- By Components: Hardware, Software, and Services (Professional Service, Support, Maintenance Service, and others)
- By Organization Size: Small & Medium Enterprises (SMEs), and Large Enterprises
- By Vertica: IT & Telecommunication, Healthcare, and BFSI, among others.
- By Region: Asia Pacific, North America, Europe, and the Rest-of-the-World.
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Edge Data Center Market Competitive Analysis:
Highly competitive, the edge data center market appears to be fragmented due to the presence of numerous large and small vendors. Matured technology providers increasingly focus on maximizing their market share while small players find it challenging to compete with them.
Increasing products & services, technological innovations, & M&A activities are intensifying the competitive environment of the market. Many brands have outlined plans to widen the penetration by including various types of technologies to their product portfolio.
Innovation/ Industry/Related News:
July 12, 2019 —- RF Code (the US), a leading global provider of critical asset tracking and protection solutions for data centers, announced its newest product – RF Code. RF Code’s edge data center is a complete solution for edge data centers, featuring real-time visibility and analytics for these vital facilities. Its new offering addresses the needs of the growing edge data center market.
June 24, 2019 — Rittal (Germany), a leading global developer of Edge data center, announced a global strategic collaboration with Atos and Siemens to develop intelligent edge data center solutions for smart industries, smart retail, smart cities, energy & utilities, and public sectors. Rittal’s Edge data centers allow small and medium businesses to configure complete, turnkey “private cloud” solutions very easily.
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