The North America Edge Data Center Market would witness market growth of 19.1% CAGR during the forecast period (2021-2027).
Edge data centers, at their most basic level, serve as a link between two networks. Within an internet exchange point, the edge data center would be closer to whichever machine is submitting a request. A physical place where several network carriers, as well as service providers join, is known as an internet exchange point. It allows traffic to flow quickly between networks. The edge data center itself might be a micro-data center, which would store the same gadgets as a typical data center but in a smaller space. The amount of time it takes to bring data back can be reduced if processing requests such as JavaScript files or HTML can be moved closer to the requesting machine.
One of the primary factors and driving forces for edge data center deployment is a recent trend and rising acceptance of IoT. Customers are increasingly shifting to IoT services to track and effectively utilize the services supplied by IoT-enabled devices to end-users. With the high number of nodes and their dispersion across broad areas. Issues with connectivity appear to be a major concern. Data congestion is also mentioned. These issues are fueling the growth of the edge data center industry. In addition, increased demand for effective data storage is expected to drive up industrial demand.
North America is one of the world's most technologically advanced areas. It consists of the United States and Canada, and it holds the greatest share of the worldwide Edge Data Center Market owing to the US markets' early adoption of the technology. The utilization of Edge Data Center services and solutions is accelerating as the pace of digitization in SMEs accelerates across verticals. Large Edge Data Center providers and consumers are present in the region, which is helping to drive market growth.
The growing number of collaborations and partnerships between Edge Data Center and other technology companies for ongoing technological developments and advancements in the edge computing sector has aided the Edge Data Center Market's growth in North America. SAS, for example, a provider of edge analytics solutions, and HPE, a provider of edge computing infrastructure, teamed up to create complete IoT analytics solutions. These factors are expediting the growth of the regional market. Further, the availability of connectivity networks would be a driving element in the deployment of Edge Data Centers. The number of digital gadgets available to citizens is growing at an exponential rate.
The US market dominated the North America Edge Data Center Market by Country in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $5,840.2 million by 2027. The Canada market is poised to grow at a CAGR of 21.8% during (2021 - 2027). Additionally, The Mexico market would display a CAGR of 20.8% 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 U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Edge Data Center Market is Estimated to reach $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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