Globally, North America holds the largest share in the edge data center market due to the surging data traffic, rising government initiatives for the development of data centers, and increasing commercialization of 5G in the region. Of the North American nations, the U.S. is the larger revenue contributor to the regional market as manystates in the U.S. provide extensive financial incentives for data centers and huge investments are being made by private companies in edge data centers in these states.
Whereas, the Asia-Pacific (APAC) edge data center market is expected to register the fastest growth during the forecast period. This can be ascribed to the rising internet penetration in the developing countries, such as China, Indonesia, and India, and increasing digitization in this region. For instance, the Internet & Mobile Association of India (IAMAI) revealed that in November 2019, India had over 504 million active internet users, which was a 12% more than the number recorded in March 2019.
Get the Sample Copy of this Report @ https://www.psmarketresearch.com/market-analysis/edge-data-center-market-analysis/report-sample
Besides, the escalating use of IoT devices and the surging shift toward OTT content is also driving the market growth in the region. The application segment of the edge data center market is classified into banking, financial services, and insurance (BFSI), information technology (IT) and telecom, logistics and transportation, retail, government, healthcare, and others such as manufacturing, energy, and media and entertainment.
Among these, the BFSI category will account for the largest market share throughout the forecast period, due to the surging focus of BFSI organizations on creating a robust IT infrastructure and the growing need for storing and processing consumer data securely. Thus, the surging mobile data traffic and OTT traffic and burgeoning use of IoT devices and smartphones will drive the demand for edge data centers in the foreseeable future.
Whereas, the Asia-Pacific (APAC) edge data center market is expected to register the fastest growth during the forecast period. This can be ascribed to the rising internet penetration in the developing countries, such as China, Indonesia, and India, and increasing digitization in this region. For instance, the Internet & Mobile Association of India (IAMAI) revealed that in November 2019, India had over 504 million active internet users, which was a 12% more than the number recorded in March 2019.
Get the Sample Copy of this Report @ https://www.psmarketresearch.com/market-analysis/edge-data-center-market-analysis/report-sample
Besides, the escalating use of IoT devices and the surging shift toward OTT content is also driving the market growth in the region. The application segment of the edge data center market is classified into banking, financial services, and insurance (BFSI), information technology (IT) and telecom, logistics and transportation, retail, government, healthcare, and others such as manufacturing, energy, and media and entertainment.
Among these, the BFSI category will account for the largest market share throughout the forecast period, due to the surging focus of BFSI organizations on creating a robust IT infrastructure and the growing need for storing and processing consumer data securely. Thus, the surging mobile data traffic and OTT traffic and burgeoning use of IoT devices and smartphones will drive the demand for edge data centers in the foreseeable future.
Comments
Post a Comment