Selbyville, Delaware, Nov. 17, 2022 (GLOBE NEWSWIRE) --
Edge Data Center Market is expected to cross a valuation of USD 50 billion by 2032, according to the latest research report by Global Market Insights Inc.
The rapid growth of the IT & telecommunications sector and rising consumer demand to drive the industry growth. Additionally, the escalating generation of data in metro areas and remote locations is foreseen to accelerate edge data center industry demand as these infrastructure facilities are deployed closer to local areas, requiring effective management solutions for accessing and storing the data, thereby promoting the adoption of SMBs and other enterprises.
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Expansion of IT & telecommunication sector to define industry landscape
The solution segment recorded more than USD 7 billion revenues in 2022. The soaring penetration of IoT technologies to support automated and digitized abilities in IT & telecommunications is fueling the demand for edge data center solutions. The evolution of the IT & telecom sector in countries, including the U.S., China, and Germany, is encouraging organizations to use these solutions.
Substantial usage of online services to push hyperscale/enterprise data centers
The edge data center market from the hyperscale/enterprise data center sector is expected to reach over USD 20 billion by 2032 driven by the consistent need for cloud computing services for efficient data storage. The heavy demand for hyper-scale or enterprise data centers due to a strong inclination towards online services, such as gaming websites, social networks, and live channels, which generate a huge amount of data.
Strong demand for transparency to augment product utilization in government applications
The government application industry accounted for 10% edge data center market in 2022, The utilization of edge data centers in this sector is anticipated to remain high in the forthcoming years. The burgeoning digitalization trend is foreseen to boost product demand. The segment growth is set to be further complemented by significant demand from citizens for improved transparency and accountability in the government sector, which has raised the amount of data generated.
High investments towards increasing internet accessibility in Asia Pacific
The APAC edge data center industry is poised to grow at 20% CAGR from 2023 to 2032. The region may emerge as a major hub for this industry owing to surging internet usage and high investment by government authorities toward improving the IT infrastructure. Furthermore, emerging economies, including China, India, Australia, and Singapore, are strongly supporting data centers and colocation providers, which is likely to expedite regional growth.
Geographical development to remain a key growth strategy
The strategic landscape of the edge data center market is slated to showcase a series of efforts and mergers & collaborations by participants. Some of the leading players profiled include Vertiv Group Co., IBM Corporation, Dell Inc., Hewlett Packard Enterprise Company, Huawei Technologies Co., Ltd., and Eaton Corporation, among others.
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Partial Table of Contents (ToC) of the report:
Chapter 2 Executive Summary
2.1 Edge data center industry 3600 snapshots, 2018-2032
2.2 Business trends
2.2.1 Total Addressable Market (TAM), 2023 - 2032
2.3 Regional trends
2.4 Component trends
2.5 Data center size trends
2.6 Application trends
Chapter 3 Edge Data Center Industry Insights
3.1 Introduction
3.2 Impact analysis of coronavirus (COVID-19) pandemic
3.3 Russia-Ukraine war impact
3.4 Edge data center industry ecosystem analysis
3.5 Edge data center architecture
3.6 Technology & innovation landscape
3.7 Patent landscape
3.8 Key initiative & news
3.9 Regulatory landscape
3.10 Industry impact forces
3.10.1 Growth drivers
3.10.1.1 Increasing usage of online services globally
3.10.1.2 Growing demand for edge computing in autonomous vehicle in Europe
3.10.1.3 Rising investment in telecommunication sector in Asia Pacific
3.10.1.4 Growing penetration of colocation data centers in South America
3.10.1.5 Increasing urbanization in MEA
3.10.2 Industry pitfalls & challenges
3.10.2.1 High initial investments
3.10.2.2 Security issues in green storage technologies
3.11 Investment portfolio
3.12 Growth potential analysis
3.13 Porter’s analysis
3.14 PESTEL analysis
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About Global Market Insights Inc.
Global Market Insights Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.
