Global Edge Data Center Market Size to grow USD 31.6 Billion by 2030 | CAGR of 23.9%

Global Edge Data Center Market worth $31.6 billion by 2030

According to a research report published by Spherical Insights & Consulting, the Global Edge Data Center Market Size to grow from USD 5.9 billion in 2021 to USD 31.6 billion by 2030, at a Compound Annual Growth Rate (CAGR) of 23.9% during the forecast period. Rising internet usage and quickening digitization are anticipated to fuel the growth of the edge data centre market.

Browse key industry insights spread across 192  pages with 129 market data tables and figures & charts from the report” Global Edge Data Center Market Size, Share, and COVID-19 Impact Analysis By Component (Solutions and Services), By Application (Retail, Banking financial services and insurance (BFSI), Logistics & Transportation, Healthcare, Government and IT & Telecom), By Organization (Large Enterprises and Small & Medium Enterprises (SMEs)) and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East and Africa), Analysis and Forecast 2021 – 2030“in detail along with the table of contents. https://www.sphericalinsights.com/reports/edge-data-center-market

View a detailed Table of Content here–

The COVID-19 pandemic has made an adverse impact on credit portfolios. There has been an unprecedented rise in unemployment and disruption in economic activity, putting a strain on the solvency of customers and companies. Central banks have taken a proactive approach by injecting liquidity into the market by lowering interest rates and asset purchase programs. Managing and monitoring credit, market, liquidity, and operational risk across financial markets were hard enough with ongoing geopolitical tensions, international trade wars, and the occasional hurricanes and earthquakes. The current pandemic has forced chief risk officers and their teams to recalibrate old assumptions and models used to manage and monitor risk. COVID-19’s global impact has shown that interconnectedness plays an important role in international cooperation. As a result, many governments started rushing toward identifying, evaluating, and procuring reliable solutions powered by AI.

The solution segment to account for the largest market size during the forecast period

Based on the Component, the Edge Data Center market is categorized into Solutions and Services. The Solutions segment accounts for the largest market size during the forecast period.  The solutions segment has a higher impact on the growth of the edge data centre market. An edge data centre serves as a caching and data-aggregation point between users and larger data centres in this IT-intensive environment with high data traffic to lessen the burdensome IT load.

The Small & Medium Enterprises (SMEs) segment to hold a higher CAGR during the forecast period

Based on the Organization, the Edge Data Center market is categorized into Large Enterprises and Small & Medium Enterprises (SMEs). The Small & Medium Enterprises (SMEs) segment holds a higher CAGR during the forecast period.  In the upcoming years, SMEs are anticipated to quickly embrace edge data centre solutions since they are experiencing strong digitization and online services, both of which require data-intensive applications.

The BFSI segment is to hold a higher CAGR during the forecast period.

Based on the application, the Edge Data Center market is categorized into Banking, financial services, and insurance (BFSI)s, Logistics & Transportation, Healthcare, Government, IT & Telecom and Retails. The BFSI segment is to hold a higher CAGR during the forecast period.  The BFSI industry will have the biggest need for edge data centres because of its growing emphasis on effective, reliable IT infrastructure and its growing requirement for safe processing and storage of customer data.

North America to hold a higher CAGR during the forecast period.

The Global Edge Data Center Market has been segmented into five major regions: North America, Europe, Asia-Pacific, South America, the Middle East and Africa. Asia-Pacific is estimated to account for the highest market share in 2021. Due to the commercialization of 5G, increasing data traffic, and government initiatives to develop data centres, North America now holds the biggest market share. The majority of these solutions are used in the U.S., where states also spend heavily on data centres and provide higher financial incentives than Canadian provinces and territories.

Major vendors in the Global Edge Data Center Market include Eaton Corporation, EdgeConneX, Inc., Flexential Corporation, Fujitsu Ltd., Hewlett-Packard Enterprise Company, Hitachi Vantara, Huawei Technologies Co., Ltd., and IBM Corporation.

Related Report:

Global Modular Data Centre Market Size, Share Forecast 2030

https://www.sphericalinsights.com/reports/modular-data-centre-market

Global Data Center Equipment Market Size, Share Forecast 2030

https://www.sphericalinsights.com/reports/data-center-equipment-market

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