Since the past few years, there has been a sharp rise in penetration of the Internet around the world. That, in turn, has led to a massive surge in data consumption, which has driven up the demand for high speed internet network across the world. With the increasing popularity of online streaming services and the emergence of the Internet of Things, big data and the cloud, data consumption is set to grow further in the coming years.By processing and analyzing data close to the end users, edge data centers allow companies to considerably reduce latency and improve the speed of business operations.
According to Cisco, the global IP (internet protocol) gaming, multimedia, and video streaming traffic is predicted to increase from 75% to over 81% of the total internet traffic in the world from 2019 to 2021, which will, in turn, augment the requirement for edge data centers in the future years. Because of these reasons, the global edge data center market will grow, in valuation, from $5.3 billion to $53.1 billion from 2019 to 2030.
The market is also predicted to advance at a CAGR of 25.4% between 2020 and 2030. Solutions and services are the two main categories, under the component segment of the edge data center market. Between them, the solutions category will exhibit higher growth in the market in the coming years. This category is further classified into cooling, IT racks & enclosure, storage, networking equipment, data center infrastructure management (DCIM), and power and uninterruptible power supply (UPS).
Due to the rising requirement for maintaining optimal temperatures in the data center facilities, the adoption of cooling systems and other technologies will rise at the fastest rate, which will consequently cause the fastest growth of the cooling category in the market in the future years. According to the estimates of the market research company, P&S Intelligence, the Asia-Pacific (APAC) edge data center market will be very prosperous in the forthcoming years.
The expansion of the market in this region will be driven by the rising internet penetration and rapid digitization，especially in the developing countries such as China，Indonesia, and India.ccording to the Internet & Mobile Association of India (IAMAI), the country was home to over 504 million internet users as of November 2019. Further, the organization found that there was a 12% rise in the number of internet users in the country from March to November 2019.
Read the full report: https://www.reportlinker.com/p05982508/?utm_source=GNW