According to the new research report available at MarketStudyReport.com under the title ‘Edge Data Center Market Size By Component (Solution [Cooling, Power {UPS}, IT Racks & Enclosures, Networking Equipment, DCIM] Service [Installation & Integration, Managed, Consulting]), By Application (BFSI, Colocation, Energy, Government, Healthcare, Manufacturing, IT & Telecom), Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2019 – 2025’, the global edge data center market is anticipated to surpass USD 16 billion by the year 2025.
 

Rising digitalization, increasing use of social networking platforms, deployment of 5G technology, and IoT proliferation are propelling edge data center market share. Edge data centers usually facilitate the processing of large volumes of data close to the base stations in 5G infrastructure. These facilities are deployed to help organizations improve their data management capabilities at the edge of the network.
 

The increasing demand for edge data center facilities can be attributed to the fact that they enable efficient processing & managing of data, reduce latency, overcome intermittent connections, and compute data close to the end-users. Further, their deployment close to end-users helps enhance the latter’s content delivery infrastructure efficiency and leads to better local connectivity.
 

In terms of component type, the edge data center market from cooling solution segment is presumed to experience a substantial growth in the upcoming years. This lucrative growth can be credited to the rising need to improve data center performance and to ensure reduced operational costs. Cooling solutions also help to control humidity levels and maintain a balanced temperature in edge data centers. Not to mention, cooling solutions facilitate reduction in the damages caused to systems and processors by preventing the prevalence of excessive heat across the overall infrastructure.
 

Based on application, BFSI segment may emerge as a profitable avenue for edge data center market. This can be attributed to the rise in demand to securely manage a huge amount of consumer data. In such financial institutions, the edge data center facilities help in reducing the risk of data theft and speeding up disaster detection and prevention.
 

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Considering the regional landscape, APAC is anticipated to experience an accelerated growth rate in the predicted time period. This can be attributed to increasing penetration of telecom operators and Over-the Top (OTT) providers in the region. Additionally, some of the Asian economies such as India, China, and Japan are experiencing an increase in the internet penetration rate that will trigger the regional edge data center market size.
 

The prominent companies that form a part of the competitive landscape of edge data center market include vXchnge Holdings LLC, Vertiv Co., Vapor IO, Inc, Schneider Electric SE, Rittal Gmbh & Co. KG, Panduit Corporation, IBM Corporation, Huawei Technologies Co., Ltd., Hitach5Gi Vantara Corporation, Hewlett Packard Enterprise Company, and Fujitsu Ltd., among others. The emergence of several applications, such as precision agriculture, autonomous vehicles, immersive entertainment, and AR is enabling firms to construct edge facilities.