Edge Data Center Market to Hit $50 Billion by 2032, Predicts
Selbyville, Delaware, Nov. 17, 2022 (GLOBE NEWSWIRE) —
Edge Data Center Market is expected to cross a $50 billion valuation by 2032, according to the latest research report by Global Market Insights Inc.
The rapid growth of the IT and telecommunications sector and growing consumer demand to drive the growth of the industry. Additionally, increasing data generation in metropolitan areas and remote locations is expected to accelerate the industry demand for edge data centers as these infrastructure facilities are deployed closer to local areas, requiring effective management solutions. to access and store data, driving SMB adoption. and other businesses.
Request a sample of this report @ https://www.gminsights.com/request-sample/detail/2421
Expansion of the IT and telecommunications sector to define the landscape of the industry
The solutions segment recorded more than $7 billion in revenue in 2022. Growing penetration of IoT technologies to support automated and digitized capabilities in IT and telecommunications is fueling the demand for edge data center solutions . The evolution of the information technology and telecommunications sector in countries such as the United States, China and Germany encourages organizations to use these solutions.
Substantial use of online services to push hyperscale/enterprise data centers
The edge data center market of the hyperscale/enterprise data center industry is expected to reach over USD 20 billion by 2032, driven by the constant need for cloud computing services for efficient data storage. The high demand for large-scale or enterprise data centers due to a high propensity for online services, such as gaming websites, social networks and live channels, which generate a huge amount of data .
Strong demand for transparency to increase product usage in government applications
The government application industry accounted for 10% edge data center market in 2022, edge data center utilization in this industry is expected to remain high for years to come. The growing trend of digitization is expected to drive product demand. The growth of the segment is expected to be complemented by significant citizen demand for increased transparency and accountability in the government sector, which has increased the amount of data generated.
Major investments to increase Internet accessibility in Asia-Pacific
The APAC edge data center industry is poised to grow at a CAGR of 20% from 2023 to 2032. The region could become a major hub for this industry due to growing internet usage and investments of government authorities in improving the IT infrastructure. Additionally, emerging economies including China, India, Australia, and Singapore are strongly supporting data centers and colocation providers, which is expected to accelerate regional growth.
Geographical development must remain a key growth strategy
The strategic landscape of the edge data center market is expected to exhibit a series of efforts and mergers and collaborations by the participants. Some of the major players featured include Vertiv Group Co., IBM Corporation, Dell Inc., Hewlett Packard Enterprise Company, Huawei Technologies Co., Ltd. and Eaton Corporation, among others.
Request to customize this research report @ https://www.gminsights.com/roc/2421
Partial Table of Contents (ToC) of the report:
Chapter 2 Executive Summary
Browse our report store – GMIPulse @ https://www.gminsights.com/gmipulse
About Global Market Insights Inc.
Global Market Insights Inc., headquartered in Delaware, USA, is a global provider of market research and advisory services, offering syndicated and custom research reports as well as consulting services. growth. Our business intelligence and industry research reports provide clients with in-depth insights and actionable market data specially designed and presented to aid in strategic decision-making. These comprehensive reports are designed using proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.