The Europe Edge Data Center Market would witness market growth of 19.6% CAGR during the forecast period (2021-2027).
Smart devices, smart factories, virtual reality, artificial intelligence (AI), multimedia streaming, driverless vehicles, and 5G, all of these capabilities are infiltrating every business on the planet, and they all demand speed. Factories, retail shops, schools, wind turbine fields, farms, and dozens of other businesses are all searching for ways to increase efficiency and cut costs, and adding more processing power as well as data storage closer to the source can help with both.
When it comes to safety and security systems, the necessity to reduce latency and optimize bandwidth usage is driving Edge data centers. The data from motion-detection cameras is continuously sent to a cloud server with Edge, each camera would have its own local computer to operate the program and only send footage to the cloud as needed.
Manufacturing applications had a significant contribution to Europe's edge data center market. Additionally, it is anticipated to rise over the forecasting period. The industrial sector in Europe is strong, with new technologies such as 5G, robotics, IoT, and machine learning are being used to enhance production. The German government's Industry 4.0 program, coordinated by the ministries of economic affairs and energy (BMWI) and education and research (BMBF), intends to accelerate digitization across the manufacturing industry.
The demand for edge data centers for high-performance IT and network infrastructure solutions would grow as manufacturers adopt connected devices, boosting the edge data center market size to new heights. The powerful automotive sector in the UK, Germany, and Italy, with prominent businesses like BMW, AG, and Volkswagen, is propelling the development of autonomous vehicles that demand real-time processing of massive amounts of data. Edge data center companies are taking advantage of the European market's increasing automotive sector.
The Germany market dominated the Europe Edge Data Center Market by Country in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $1,368 million by 2027. The UK market is exhibiting a CAGR of 18.6% during (2021 - 2027). Additionally, The France market would exhibit CAGR of 20.5% during (2021 - 2027).
Based on Component, the market is segmented into Solution (Networking Equipments, DCIM & Analytics, Power, Cooling, and Others) and Services (Integration & Implementation, Consulting, and Managed). Based on Facility Size, the market is segmented into Large and Small & Medium. Based on Vertical, the market is segmented into IT & Telecom, BFSI, Retail & E-commerce, Government, Healthcare & Life Sciences, Manufacturing, Gaming & Entertainment, Automotive, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Edge Data Center Market Size will Hit $21.4 Billion by 2027, at a CAGR of 19.9%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Dell Technologies, Inc., Eaton Corporation PLC, NVIDIA Corporation, Schneider Electric SE, Hewlett Packard Enterprise Company, Huawei Technologies Co., Ltd., IBM Corporation, Vertiv Holdings Co., Fujitsu Limited, and Equinix, Inc.
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