A key component of 5G, the Edge Data Center market is expected to grow from $7.2 billion in 2021 to $19.1 billion by 2026, at a CAGR of 21.4 percent, according to a report by MarketsandMarkets. Edge Data Center solutions and services are being driven globally by large enterprises as well as by small and mid-sized enterprises, because of the adoption of automation and digitalization, the increase in adoption of BYOD (“Bring Your Own Device”) and advent of low-latency 5G capabilities, according to the report.
“As the demand for data and accessible information continues to become more critical to businesses, information technology professionals are facing challenges in terms of technology solutions,” the report reads. “IT and Telecom account for the largest share of the edge data center market during the forecast period, with social media users posting real-time events further fueling the growth in data center traffic.” Continue Reading |
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