North America is expected to hold a major share in the edge data center market owing to the increased use of smart devices and growing number of consumers switching to OTT. The stable economic conditions in the U.S. and Canada are boosting the growth of SMEs in the region. Increasing adoption of advanced technologies, such as IoT in industries, is also an important factor driving the regional market growth. Moreover, Asia Pacific is also projected to witness fast growth in the adoption of such data centers over the forecast timeline. Rising government initiatives for digital transformation are driving the edge data center market growth in the region.
Edge Data Center Market size is anticipated to grow at a rapid rate owing to the rising demand for data center space in smaller emerging markets. The network infrastructure and high level of computing used for operating IoT software are providing significant opportunities to the edge data center market growth. The proliferation of IoT is driving the service providers to move strategic IT assets closer to the network edge. With emerging economies investing largely in digital transformation, there has been an increase in the tier-two cities in these progressing countries.
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By organization size, the edge data center market is segmented into large organizations and small & medium organizations. Edge data centers enable SMEs to store, process, and collect data at the edge of the network and closer to the source, reducing the operational costs. Moreover, the rise in the number of SMEs in emerging economies is making them invest in sophisticated ways for data storage and management. Shifting content closer to the edge enables lower operational costs, which is a major factor contributing to the increased adoption of edge data centers by such businesses.
Based on verticals, the edge data center market is classified into BFSI, healthcare, IT & telecommunication, and entertainment and media. The IT & telecom segment is expected to hold the majority of the revenue share in the industry. With emerging economies trying to improve their telecom infrastructure, the edge data center market for the IT & telecom is anticipated to witness a rapid growth. Enhanced security and reduced operational costs of these data centers make them a feasible option for storing and transferring sensitive data.
Key players in the edge data center market include Edgeconnex, Rittal, Huawei Technologies Co., Ltd., Dell, Inc., Zellabox, Anixter, VXchnge, 365 Data Centers, Compass Data Centers, and Bytegrid. In September 2017, Edgeconnex announced the launch of its edge data center in Toronto to provide robust connectivity to metro area customers. The players operating in the edge data center market are increasingly focusing on collaborations and acquisitions to offer enhanced services to customers. For instance, in February 2018, Compass Datacenters announced the acquisition of edge data center startups, such as Bitbox USA and Edgepoint, with an aim to strengthen its market presence.
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