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Europe Edge Data Center Market to Register an Accelerated Growth Rate Over 2018 – 2024

Author : Ronak Bora | Published Date : 2019-05-30 

Europe edge data center market will observe traction with the rising interest of global companies to expand their business operations in the region to manage the massive data generated in several application industries. For instance, in November 2018, EdgeConneX announced the acquisition of the Linxdatacenter facility based in Poland. The newly acquired data center facility will support the company’s expanding business operation in the country. The favorable environmental conditions and the availability of other resources, such as suitable government regulations and the availability of the suppliers, are encouraging the players to select the region for deploying their infrastructure facilities, thereby driving the edge data center market demand.

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Increased deployment of edge computing and the need for having a greater control on data has enhanced the edge data center market penetration across numerous industry verticals worldwide. Establishing a data center close to the source of information allows for a faster access and real-time analysis of data, complemented with reduced network traffic and lower cost for operating and maintaining the infrastructure. The edge data center market has enabled organizations and cloud-based service providers to reach smaller cities, locations where large data centers do not have a presence but represent considerable data generation.

The BFSI sector is installing these facilities for managing, storing, processing, and accessing their classified & confidential information. The sector has witnessed a shift with businesses switching from the usage of physical documents to digitization. Banks and financial institutions face challenges arising from large volumes of data processing and storage, which has led to rise in the demand for high quality data center infrastructure. Moreover, banks and financial institutions are increasingly storing sensitive customer information that needs reliable data storage solutions. Increasing IT security threats have forced organizations to invest in reliable facilities, thereby driving demand for the edge data center market.

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The IT & telecom sector is witnessing a high adoption in the edge data center market. A rapid increase in the amount of data generated in the telecom sector is expected to drive the industry demand. The telecom operators are offering flexible offers, plans, and 4G internet connectivity, which are responsible for the generation of such massive information. Moreover, the companies are dependent on these facilities for a secure environment that will allow them to store confidential customer information to reduce the chances of data thefts.

The networking equipment segment is anticipated to witness steady growth over the forecast timespan. This equipment is installed in infrastructure facilities to provide effective connectivity and networking to electrical devices. They allow facility operators to manage the facilities by monitoring, analyzing, and detecting the status of the component with the integration of several network devices such as routers, switches, and modems.

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All in all, the rising network consumption in the telecommunications industry consumers and the augmented utilization of edge computing in other sectors will fuel the global edge data center market, with its valuation estimated to cross USD 13 billion by 2024. Fast-growing companies like Anixter, Cisco Systems, Dell, EdgeConneX, 365 Data Centers, Panduit Corp, Schneider Electric, and many others offer the required edge data center infrastructure, equipment and third party services.

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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Fractovia.org and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. He can be contacted at- [email protected] | https://twitter.com/RonakBora26

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