According to the research report titled ‘Colocation Edge Data Center Market Size, By Type (Retail Colocation, Wholesale Colocation), By End-use (SMEs, Large Enterprises), By Application (BFSI, Energy, Government & Defense, Healthcare, IT & Telecom, Manufacturing, Retail), COVID-19 Impact Analysis, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2022 – 2028,’ available with MarketStudyReport, global colocation edge data center market is slated to expand tremendously during 2022-2028.

Soaring investments in the digital transformation, proliferation of IT & telecom industry, and immense popularization of online services are factors driving the growth of global colocation edge data center market.

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For the uninitiated, edge data centers enable fast delivery of services over the network and offer minimum cost with less latency. Establishment of new data centre facilities across many regions is further accelerating the industry expansion. 

Despite this, huge costs involved in the set-up of such facilities, coupled with location restrictions are likely to hinder the progress of market during the forecast period. 

As per application spectrum, the retail segment is estimated to retain a substantial market share during the analysis period, given the rapid adoption of online shopping, quick internet access, improved mobile networks, and faster webpage accessibility enabled by edge computing.

Meanwhile, the IT & Telecom segment is anticipated to expand at a significant rate during the review period, due to increasing deployment of 4G & 5G technology, which is fostering the demand for edge data centers, particularly in remote areas to enable improved connectivity. 

Concerning regional terrain, Middle East & Africa market is poised to garner considerable valuation by the end of the assessment timeframe, attributed to extensive development of healthcare, BFSI, and retail sectors, rising availability of connected cars necessitating edge data capabilities, and increasing emphasis on deployment of autonomous vehicles, especially in countries like UAE. 

The key players in global colocation edge data center market include Verizon Communications Inc., China Telecom Corp., Teraco Data Environments, Digital Realty Trust Inc., Singapore Telecommunications Limited, Eaton Corporation plc, Schneider Electric SE, Emtel Ltd., Rackspace Technology Inc., Equinix Inc., NTT Communications, Fujitsu Limited., KDDI Corporation, Hewlett Packard Enterprise Company, and International Business Machines (IBM) Corporation among others.