Global Edge Data Center Market Witness a CAGR of 21.6%, Reach USD 19.78 Billion by 2027 | VynZ Research

The global edge data center market is estimated to reach USD 19.78 billion by 2027. It will register a 21.6% CAGR during the projected period. Factors attributing to the growth of the edge data center industry include tremendous development of mobile and IoT applications, increased prominence of online streaming services amidst COVID-19 crisis, development of autonomous vehicles and connected car infrastructure will accelerate the market development of edge data center solutions. Moreover, commercialization of 5G and development of AR technology, surging mobile data traffic, and over the top (OTT) traffic globally will propel the market growth of edge data center industry.

There is a need to for real-time data analytics, enhanced application performance,  and low operating cost, thereby propelling the edge data center solutions market growth. Furthermore, With the growth of IT and telecommunications, healthcare, energy sectors, and banking fueling the edge data centre market, businesses have been able to reach small cities and locations. Nevertheless, the increased demand for high computational power is encouraging service providers to host data centres at edge locations for low-latency connectivity, presenting the market with several growth opportunities.

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The COVID-19 outbreak has increased the adoption of edge data center solutions in several industries as users seek the benefits of field service solutions, such as expansions and lower costs. Furthermore, the increased adoption of work-from-home policy and surge in demand from healthcare sector will have a favorable impact on the edge data center market as it accelerate the digitalization process.

Based on industry vertical, IT ad telecommunication sector is anticipated to have a significant growth during the forecast period owing the increasing number of internet users. Telecom consumers are using social media to post real-time events, which is driving up data centre traffic. Service providers have increased the demand for data services, thereby demand for an efficient mobile computing platform will grow tremendously.

Furthermore, as the number of users generating data traffic within a region grows, the establishment of high-density networks becomes significnat. These data centers provide a comprehensive IT solution for the telecommunications and information technology industries, with high-end equipment and network technologies for high-density network zones. Thus, edge data centres are becoming increasingly popular for mobile computing and high-density networks due to their portability and scalability.

APAC is estimated to have a fastest growth during the forecast period owing to increased adoption of innovative technologies, increased spending on IT infrastructure, surge in internet penetration in developing economies like India, China, Indonesia, etc., increased prominence of OTT platforms like Netflix, YouTube, Amazon, etc.  will drive the market demand for edge data centers to ensure proper data management.

Moreover, it serves as a base for a number of national and international telecommunications and edge network companies, which include Huawei, Telstra, Vodafone, Optus, China Telecom, Vodafone, and NTT Docomo, and thus serves as a growth driver for the edge data centre market.

In February 2022, Fujitsu confirmed that it has been chosen by Japan’s New Energy and Industrial Technology Development Organization for the “Green Innovation Fund Project/Construction of Next Generation Digital Infrastructure” project in the field of “Technology Development of the Next Generation Green Data Center” (NEDO). NEC Corporation, AIO Core Corporation, Kioxia Corporation, Fujitsu Optical Components Limited, and KYOCERA Corporation also are chosen.

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