The Edge Data Center Market size is expected to grow at a Compound Annual Growth Rate (CAGR) of 21.4% during the forecast period, to reach USD 19.1 billion by 2026 from USD 7.2 billion in 2021. Growing adoption of IoT across industries, exponentially increasing growth of mobile and IOT applications, and growing popularity of online streaming services are the drivers of the market growth.
The major players have implemented various growth strategies to expand their global presence and increase their market shares. Key players such as Cisco, Dell, Eaton, Fujitsu and HPE have majorly adopted many growth strategies, such as new product launches, acquisitions, and partnerships, to expand their product portfolios and grow further in the edge data center market.
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Cisco has a strong product portfolio in the edge data center services category. The company has a strong partner network with offices across 450 locations across the globe. It holds a strong position in the edge data center market. The company is investing in R&D for growth and innovation. The company has a strong geographic presence and offering edge data center deployments in emerging markets such as India, China, and Brazil. The company’s strategy is to excel in the global market through strategic acquisitions and partnerships. For instance, In May 2021, Kloudspot Inc. and Cisco made a strategic partnership. The company announced a partnership with Cisco Meraki to help organizations to offer safer and smarter workplaces for employees and customers.
Dell Technologies adopted organic growth strategies, with its focus on the enhancement of the edge data center product portfolio. The company offers a diversified product portfolio and covers all the significant features of edge data center solutions. Apart from new product launches and product upgrades, it also extended its customer base by partnering with solution suppliers globally. The company has a strong global R&D presence. It is focusing on expanding its customer base through distribution channels, resellers, and direct sales. The company’s strategy is to excel in the global market through strategic acquisitions and partnerships. For instance, it announced an expanded collaboration with Equinix to expand the availability of Dell Technologies APEX through Equinix International Business Exchange data centers. The company is also entering emerging markets to expand its product reach in the global market.
Edge Data Center Market with Covid-19 Impact Analysis by Component(Solutions, Services), Facility Size(Small and Medium Facilities, Large Facility), Vertical and Region (North America, Europe, APAC, Latin America, Middle East) - Global Forecast to 2026
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