The edge data center market in 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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Increased deployment of edge computing and the need for having a greater control on data has enhanced the edge data center market penetration across numerous industry verticals worldwide. Establishing a data center close to the source of information allows for a faster access and real-time analysis of data, complemented with reduced network traffic and lower cost for operating and maintaining the infrastructure. The edge data center industry has enabled organizations and cloud-based service providers to reach smaller cities, locations where large data centers do not have a presence but represent considerable data generation.
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.
Asia Pacific edge data center market is witnessing high growth owing to the rising demand for the effective data storage facilities. Countries including India, China, and Japan have adopted several strategies, such as globalization, public-private partnerships, and government support to the industrial sectors, to ensure the growth of their economic conditions. The growth of these industrial segments has led to the generation of a massive volume of data, driving the edge data center market. Moreover, the process of deploying 5G connectivity in China and Japan is at a rapid pace, which is expected to drive the edge data center market growth.
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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.
Major Key Points from Table of Content:
Chapter 5. Edge Data Center Market, By Application
5.1. Key trends, by application
5.2.1. Market estimates and forecast, 2013 – 2024
5.2.2. Market estimates and forecast, by region, 2013 – 2024
5.3.1. Market estimates and forecast, 2013 – 2024
5.3.2. Market estimates and forecast, by region, 2013 – 2024
5.4.1. Market estimates and forecast, 2013 – 2024
5.4.2. Market estimates and forecast, by region, 2013 – 2024
5.5.1. Market estimates and forecast, 2013 – 2024
5.5.2. Market estimates and forecast, by region, 2013 – 2024
5.6.1. Market estimates and forecast, 2013 – 2024
5.6.2. Market estimates and forecast, by region, 2013 – 2024
5.7.1. Market estimates and forecast, 2013 – 2024
5.7.2. Market estimates and forecast, by region, 2013 – 2024
5.8. IT & telecom
5.8.1. Market estimates and forecast, 2013 – 2024
5.8.2. Market estimates and forecast, by region, 2013 – 2024
5.9.1. Market estimates and forecast, 2013 – 2024
5.9.2. Market estimates and forecast, by region, 2013 – 2024
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