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Colocation Edge Data Center Market Size

Report ID: GMI5200
Published Date: Feb 2022
Report Format: PDF

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Colocation Edge Data Center Market Size

Colocation Edge Data Center Market Size exceeded USD 5 billion in 2021 and is projected to grow at over 20% CAGR from 2022 to 2028. Advancements, such as cloud computing, IoT, Big Data, Machine Learning (ML), and Artificial Intelligence (AI), will foster the market growth during the forecast timeline.

Colocation Edge Data Center Market Overview

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Companies, such as Microsoft Corporation, IBM Corporation, and The Hewlett Packard Enterprise Company, are investing in R&D to develop their existing product range sets. For instance, in April 2021, IBM Corporation introduced updates to its Elastic Storage System (ESS). The new version of ESS3200 provides double-read performance capabilities, and the ESS 5000 offers an additional 10% storage capacity as compared to its predecessor. It supports end users in easy deployment & scalability options, enabling them to shift their data onto colocation sites. Owing to the availability of solutions with seamless data migration processes, more customers will be encouraged to use cloud-based technology.

Colocation Edge Data Center Market Report Attributes
Report Attribute	Details
Base Year:	2021
Colocation Edge Data Center Market Size in 2021:	5 billion (USD)
Forecast Period:	2022 to 2028
Forecast Period 2022 to 2028 CAGR:	20%
2028 Value Projection:	25 billion (USD)
Historical Data for:	2018 to 2021
No. of Pages:	300
Tables, Charts & Figures:	249
Segments covered:	Type ,End User, Application and Region
Growth Drivers:	Rising investment in digital transformation across multiple sectors in Europe & Asia Pacific Technological advancement in cloud-based solutions in North America Expansion of IT & telecom industry in MEA Introduction of new data center facilities across region in Europe & Latin America Increase in utilization of online services in Asia Pacific
Pitfalls & Challenges:	High start-up and maintenance cost Location restraints for colocation facilities

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Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

Global market size of colocation edge data center crossed USD 5 billion in 2021 and may register 20% CAGR through 2028, driven by advancements such as artificial intelligence and cloud computing.

Germany market share may depict 20% CAGR through 2028 driven by increasing number of data centers and adoption of expansion strategies by colocation providers.

U.S. market size may witness 20% CAGR through 2028 on account of the expansion of the regional healthcare sector and increasing investments in infrastructural development.

The BFSI sector will emerge as a prominent hotspot for industry, given that this vertical has lately been adopting advanced technologies, like data analytics and cloud computing for enhanced consumer services.