Edge Data Center Market Growth Analysis | Trends, Drivers and Vendor Forecasts for 2021-2025
Technavio has been monitoring the edge data center market and it is expected to grow by $ 8.72 bn, accelerating at a CAGR of almost 17% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking
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Edge Data Center Market: Key Trends to impact market growth
Focus on development of smart cities is augmenting the edge data center market growth. A smart city comprises of extensive machine-type communication (MTC) applications, including smart metering, property monitoring, logistics management, smart parking, and smart waste management. Connected devices used in smart cities require a long reach and high-speed network connectivity and edge data centers to store, manage, and process real-time information. Growing investments in smart city projects are leading to an increase in the number of connected devices and systems, which is also driving investments in edge data centers. This research report provides a detailed impact analysis of all the trends that are likely to influence the growth of the market in focus.
Edge Data Center Market: Top Drivers to Boost Demand
The rising demand for video streaming services is one of the primary factors driving the growth of the edge data center market. A majority of the OTT content is being accessed on smartphones. Smartphone penetration is increasing globally at a rapid pace, which is a high growth opportunity area for OTT service providers. The growing demand for live streaming videos globally is driving investments in edge data centers, thereby, boosting the growth of the edge data center market. The report provides a detailed study of all the factors that are likely to boost the market. This analysis will enable clients to leverage growth opportunities to their advantage and set their business
Vendor Analysis: Compass Datacenters LLC, Eaton Corporation Plc and Equinix Inc. are key growth contributors
The market is concentrated. The research report provides insights into the top market player and their product portfolio along with a pipeline analysis of upcoming developments and growth opportunities. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Compass Datacenters LLC, Eaton Corporation Plc, Equinix Inc., Fujitsu Ltd., Hewlett Packard Enterprise Development LP, Hitachi Ltd., Huawei Investment and Holding Co. Ltd., International Business Machines Corp., Schneider Electric SE, and Vertiv Holdings Co. are some of the major market participants.
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Edge Data Center Market: Key Highlights of the Report for 2021-2025
