Europe edge data center market will observe traction with the rising interest of global companies to expand their business operations in the region to manage the massive data generated in several application industries. For instance, in November 2018, EdgeConneX announced the acquisition of the Linxdatacenter facility based in Poland. The newly acquired data center facility will support the company’s expanding business operation in the country. The favorable environmental conditions and the availability of other resources, such as suitable government regulations and the availability of the suppliers, are encouraging the players to select the region for deploying their infrastructure facilities, thereby driving the market demand.
The networking equipment segment is anticipated to witness steady growth over the forecast timespan. This equipment is installed in infrastructure facilities to provide effective connectivity and networking to electrical devices. They allow facility operators to manage the facilities by monitoring, analyzing, and detecting the status of the component with the integration of several network devices such as routers, switches, and modems. The implementation of these components in the infrastructure facilities allows companies to adopt perform edge computing in their established infrastructure facilities. These components allow them to store, manage, and access the data in a centralized computing environment, thereby propelling their demand in the edge data center market.
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The BFSI sector is installing these facilities for managing, storing, processing, and accessing their classified & confidential information. The sector has witnessed a shift with businesses switching from the usage of physical documents to digitization. Banks and financial institutions face challenges arising from large volumes of data processing and storage, which has led to rise in the demand for high quality data center infrastructure. Moreover, banks and financial institutions are increasingly storing sensitive customer information that needs reliable data storage solutions. Increasing IT security threats have forced organizations to invest in reliable facilities, thereby driving demand for the edge data center market.
Continuous growth of the IT and telecommunications, healthcare, banking and energy segments have gradually propelled the edge data center market revenue over the last few years. These sectors generate enormous amounts of information which are used by enterprise customers and businesses to enhance consumer experience. Growing popularity of online streaming services has also benefited the edge data center industry, as caching web application or content on servers nearer to the market allows for high-quality and high-bandwidth services. Companies like 365 Data Centers and EdgeConneX have tapped into these opportunities and expanded their edge data centers around the globe.
Major players participating in the edge data center market are Rittal GmbH & Co. KG, Huawei Technologies Co., Ltd., Hewlett-Packard Enterprise Company, Eaton Corporation, IBM Corporation, Hitachi Vantara, Vertiv, Co., Panduit Corporation, Flexential Corporation, 365 Operating Company LLC, vXchnge Holdings, LLC, EdgeConneX, Inc., and Vapor IO, Inc. among others.
All in all, the rising network consumption in the telecommunications industry consumers and the augmented utilization of edge computing in other sectors will fuel the global edge data center market, with its valuation estimated to cross USD 13 billion by 2024. Fast-growing companies like Anixter, Cisco Systems, Dell, EdgeConneX, 365 Data Centers, Panduit Corp, Schneider Electric, and many others offer the required edge data center infrastructure, equipment and third party services.
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