Market Scenario:
Wireless networking has made the process so much faster and more efficient, with IT administrators able to add more computing power and storage space. Edge computing is focused on enhancing data by performing data processing, reporting and collecting. Its centers are used as storage systems. It improves the efficiency of content delivery of the structure. It handles data processing control at the edge of a network as an alternative to keeping it in the warehouse. The rise in the use of Internet services with the rise in the number of devices has enlarged the demand for bandwidth-intensive applications. The use of digital services across many industries is changing the way data centers are positioned.
By 2023 the Edge Data Center Market is predicted to grow by $1,740 million with a CAGR rate of 13% within the forecast period. The popularity of online streaming services is rising, helping the Edge Data Center Market grow globally. To meet up with the customer requirements, the servers need high-quality and high bandwidth services. The edge data center works similarly to the traditional data center but is smaller in size. The data centers are managed remotely and placed near the location they serve. It is a small figuring unit next to a 5G antenna, and it can be stretched to a room with 100-200 KW. These edge data center has facilities such as fire protection, great security systems and cooling system, and it provides great features such as uninterrupted UPS, storage systems, and board cooling; these features fuel the growth rate of the Edge Data Center Market. The pandemic covid-19 has impacted the economy globally, and it was a tough challenge for the demand for the Edge Data Center Market. The market got affected by the covid-19 due to the lockdown that was imposed in many countries. Many companies were shut down in order to maintain social distance, which affected the edge data center business.
COVID-19 Impact on the Global Edge Data Center Market
COVID-19 is an ongoing global public health emergency that has affected almost every industry, with long-term effects expected to affect industry growth over the projected period.
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Competitive Outlook:
The prominent players in the edge data center market are – Rittal (Germany), Cisco Systems, Inc. (U.S.), Elliptical Mobile Solutions (U.S.), Huawei Technologies Co. Ltd. (China), Panduit Corp (U.S.), Anixter International (U.S.), Wave-2-Wave Solution Corporation (U.S.), Zellabox (Australia), Dell Inc. (U.S.), Silicon Graphics, Inc. (U.S.) among others.
Segmentation:
The global edge data center industry has been segmented into components, service, organization size and vertical.
By components:
· Solutions
· Services
By Solutions:
· DCIM and Analytics
· Power
· Cooling
· Networking Equipment
· Others
By Services:
· Integration and Implementation
· Consulting
· Managed
By Facility Size:
· Small and Medium Facility
· Large Facility
· By verticals:
· IT and Telecom
· BFSI
· Healthcare and Lifesciences
· Manufacturing
· Government
· Automotive
· Gaming and Entertainment
· Retail and E-commerce
· Others
By regions:
· North America
· US
· Canada
· Europe
· UK
· Germany
· France
· Rest of Europe
APAC
· China
· Japan
· India
· Rest of APAC
Middle East
· UAE
· Saudi Arabia
· South Africa
· Rest of MEA
Latin America
· Brazil
· Mexico
· Rest of Latin America
Regional Analysis:
The Asia Pacific shows faster growth, and it is estimated to be the highest CAGR rate between the predicted period. Many online videos streaming on various platforms are expected to fuel the demand for edge data center solutions in this region.
In 2019 Europe had a 10% share, and it is estimated to show 20% growth by 2026. Europe has strong production sectors that launched advanced technology such as 5G, robotics, and loT devices. With the rising adoption of connected devices, the European region is expected to show speedy growth.
Industry News
In 2021 Eaton had announced the acquisition of Cobham Mission Systems to position Eaton’s aerospace business well for the future.
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Table of Contents:
1 Executive Summary
2 Scope of the Report
2.1 Market Definition
2.2 Scope of the Study
2.2.1 Research objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
Continued….
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