Published Date: 12-May-22
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According to a new report, published by KBV research, The Global Edge Data Center Market size is expected to reach $21.4 billion by 2027, rising at a market growth of 19.9% CAGR during the forecast period.
The Services segment is showcasing a CAGR of 22.1% during (2021 - 2027). The services are an important aspect of the deployment and operation life cycle for both hardware and software. Services such as consultation, product support, integration, updates, and maintenance are required at various phases, from pre-sales needs analysis to post-sales product deployment and execution, allowing the client to achieve the highest possible return on investment. Integration, consulting and training, and support and maintenance services are all included in the offerings. Services play an important role in bringing the solution onboard, providing training, and managing and maintaining the software.
The Large segment is leading the Global Edge Data Center Market by Facility Size in 2020, thereby, achieving a market value of $14.5 billion by 2027. Large facilities are defined as those with 12 to 49 racks with a power usage of 12 kW/rack to 14 kW/rack or cabinet. These large-scale data centers are suitable for companies with multiple branch offices since they can readily maintain and grow their data center capabilities. They are also perfect for minimizing the requirement of significant space, requiring lesser time for installation, and reducing costs. Therefore, this factor is driving the growth of this segment of the market.
The IT & Telecom segment acquired maximum revenue in the Global Edge Data Center Market by Vertical in 2020; thereby, achieving a market value of $4.7 billion by 2027. The IT and telecom industries are flourishing, with millions of people joining the internet every day. Social media is being used by telecom users in order to post real-time events, which is supporting the development of data center traffic. The demand for data services is surging, resulting in an exponential increase in the requirement for a reliable mobile computing platform. Additionally, as the number of customers producing data traffic within a region grows, high-density networks are becoming essential. These data centers provide a comprehensive IT solution for the telecommunications and information technology industries, including high-end equipment as well as network technologies to enable high-density network regions.
The North America market dominated the Global Edge Data Center Market by Region in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $8.0 billion by 2027. The Europe market is estimated to witness a CAGR of 19.6% during (2021 - 2027). Additionally, The Asia Pacific market would exhibit a CAGR of 20.7% during (2021 - 2027).
Full Report: https://www.kbvresearch.com/edge-data-center-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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.
By Facility Size
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