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Request Now !Edge data centers are generally smaller facilities with more efficient architecture that extend edge of the network to deliver cloud computing resources and cached streaming content by transferring and processing data to local-end users. Edge data centers are primarily used in the IT infrastructure and communication sector and are positioned closer to local end-users to deliver faster services with minimum latency, owing to edge latching.Â
The financial and healthcare industry relying on high-frequency data-driven services depend on IoT edge computing devices or edge data centers to gain efficient network performance and security advantages that makes it difficult for any single disruption to take down the network. Edge data centers being positioned closer to end users offer less chance of network problem in distant location as well as help companies target desirable markets without having to invest in expensive infrastructure expansion.Â
Ongoing advancements in this field helps companies optimize their networks and its advantages over highly centralized traditional cloud computing networks implies that the edge data center market share would undergo exponentially high growth in the coming years.Â
The global edge data center market is segmented on the basis of component type, industry vertical, and region. Based on component type, the edge data center market is bifurcated into solution and services. The solution segment is further divided into cooling, power (UPS), IT racks and enclosures, networking equipment, and DCIM. The services segment is also further segmented into installation & integration, managed, and consulting.Â
In terms of industry vertical, the edge data center market is categorized into IT & telecommunication, BFSI, energy & power, government, industrial, healthcare, and others. Geographically, the market is analyzed across several regions such as North America, Europe, Asia-Pacific, and Latin America, Middle East & Africa (LAMEA).
Top Impacting Factors
Rise in adoption of IoT devices such as sensors, actuators, self-driven cars, robots in home, or industrial settings requiring service providers to place facilities closer to network to manage increase in volume of data propels the edge data center market growth. However, high initial investments, high maintenance cost of edge data centers as well as rise in data security and privacy concerns restricting entry of new players, which hamper the market growth.
On the contrary, increase in organizational and consumer data traffic requiring high bandwidth services and adoption of software-defined network and network function virtualization over costly-specialized hardware further boosts the edge data center market revenue. Commercialization of 5G technology and development of AR (Augmented Reality) to construct edge facilities is anticipated to present new pathways to the industry.
Global leading edge data center market players adopt necessary methods to develop new solutions to help enterprises and telecommunication companies speed their transition to edge computing in the 5G era. In 2019, Craig Huffman and Vance Kenney co-founded the edge data center named MetroEdge in Chicago. The micro data center product of MetroEdge is a modular unit that comprises of 8 to 25 cabinets in a 300-1,000sqft steel-mesh enclosure. These units can be deployed in office buildings, college campuses and industrial sites. This startup intends to use software-defined networking with a view to connect micro data centers to its NOC and link them together into a nationwide grid. In March 2019, MetroEdge entered into a partnership with ClearSky Data to deliver storage-as-a-service from micro data centers that will offer primary storage, backup and cloud disaster recovery as a unified service.
With rise in push toward data sovereignty and rules to safeguard data privacy worldwide, companies are able to keep data close at hand through edge data centers that are ideally positioned to meet these requirements by virtue of physical proximity, while still fulfilling IT requirements. Elimination of latency and connectivity issues provides greater reliability, which benefits enterprises to function smoothly ensuring efficient productivity within organizations.
In May 2020, IBM Business Partners launched a number of new edge services including IBM Edge Application Manager, IBM Telco Network Cloud Manager and a portfolio of edge-enabled applications such as IBM Visual Insights, IBM Connected Manufacturing, and IBM Asset Optimization.Â
IBM Edge Application Manager is an autonomous management solution powered by Open Horizon that enables AI, IoT enterprise workloads, and 100 edge nodes to be deployed and remotely monitored by a single administrator delivering real-time analysis at scale.Â
IBM Telco Network Cloud Manager runs on Red Hat OpenShift to deliver smart automotive capabilities to arrange virtual and container network functions in minutes. These solutions are designed to accelerate the utility of edge computing which will be able to support crucial cases such as emergency response, robotic surgery, connected vehicle features that benefit from few milliseconds latency saved by not having to send workloads to a centralized cloud.Â
Key Benefits of the Stakeholders
COVID-19 Scenario Analysis
Questions Answered in the Edge Data Center Market Research Report
Edge Data Center Market Report Highlights
Aspects | Details |
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By Industry Vertical |
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Key Market Players | 365 Operating Company LLC, Eaton Corp., Compass Datacenters, EdgeConneX Inc., Huawei Technologies Co. Ltd., Hewlett-Packard Enterprise Company, Fujitsu Ltd., Schneider Electric, DC BLOX Inc., Flexential Corp. |
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