Edge Data Center Market Worth $19.1 Billion By 2026 - Report by MarketsandMarkets™
August 19, 2022 10:30 ET | Source: MarketsandMarkets Research Pvt. Ltd.
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Chicago, Aug. 19, 2022 (GLOBE NEWSWIRE) -- Edge Data Center Market size is expected to grow from USD 7.2 billion in 2021 to USD 19.1 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 21.4% during the forecast period according to a new report by MarketsandMarkets™. Edge data center solutions and services are rapidly gaining acceptance globally by large enterprises as well as mid-sized enterprises and small enterprises due to various benefits, growing adoption of automation and digitalization and the increase in adoption of BYOD and advent of 5G network to deliver instant communication experiences. The presence of many edge data center providers has made the market competitive. Many emerging players providing niche and differentiated offerings for target customers have come to the forefront.
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Browse in-depth TOC on "Edge Data Center Market”
169 - Tables
59 - Figures
197 - Pages
Scope of the Report
| Report Metrics | Details |
| Market size available for years | 2020-2026 |
| Base year considered | 2020 |
| Forecast period | 2021-2026 |
| Forecast units | Value (USD Million) |
| Market Value in 2021 | USD 7.2 billion |
| Forecast Value in 2026 | USD 19.1 billion |
| Segments covered | Component (Solutions and Services), Solutions (DCIM and analytics, power, cooling, networking equipments, and others (IT racks and enclosures)), Services (integration and implementation, consulting, and managed), Facility Size (small and medium, and large facility), Verticals, and Regions |
| Regions covered | North America, Europe, APAC, MEA, and Latin America |
| Companies covered | Cisco (US), Dell Technologies (US), Eaton (Ireland), Fujitsu ( Japan), HPE (US), Huawei (China), IBM (US), NVIDIA (US), Schneider Electric (France), Vertiv Group (Ohio), CommScope (US), Compass Datacenters (US), 365 Data Centers (US), EdgeConnex (US), and EdgeMicro (US) |
The solutions of edge data center is gaining popularity in the field service landscape and is expected to account for the largest market size during the forecast period. In this IT-intensive world with heavy data traffic, an edge data center acts as a caching and data-aggregation point between users and larger data centers to ease the overwhelming IT load. As the demand for data and accessible information continues to become more critical to businesses, IT professionals are facing challenges in terms of technology solutions. To overcome these challenges, several vendors provide various data center solutions such as DCIM and analytics, power, cooling, networking equipment, and others (IT racks and enclosures).
The networking equipment solution is likely to share large revenues in the estimated year. Networking solutions help optimize data centers based on an open ecosystem where organizations can pick from innovative, industry-standard network applications, OS, and hardware. It enables organizations to take their pick from innovative, industry-standard network applications, network operating systems, and network hardware. Open networking solutions enable IT managers to build an application-agnostic infrastructure and simplify data center management with standard automation tools and standards-based open platforms. Networking equipment provides virtual network services that run on a modular infrastructure platform, optimized for instant deployment and interconnection of network services and enables users to select, deploy, and connect to various virtual network services. It is used to deploy network services in proximity to the cloud providers and end users; unlock new use cases that core IT deployment models can’t handle such as IoT, machine learning, AI, and more.
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