The Latin America, Middle East and Africa Edge Data Center Market would witness market growth of 22.5% CAGR during the forecast period (2021-2027).
The usage of edge caching allows a rapid delivery of services with little latency, which is a major feature of an edge data center. For enterprises working with the internet of things, big data, cloud, and streaming services, latency could be a major concern. Edge data centers can also be used to give end consumers high performance and low latency, leading to an improved user experience. Edge data centers are usually connected to a bigger, central data center or several other edge data centers. Data is processed as near to the end-user as feasible, with less critical or time-sensitive data transmitted to a central data center for processing. This allows a company to cut down on latency.
The commercialization of 5G, increased penetration of internet of things devices, along rising cellular data traffic as well as over-the-top traffic are all driving the growth of the edge data center business. The increased demand for high computing power is driving service providers to install data centers at edge locations for low-latency connection, which presents the market with many potential prospects. The trend toward bandwidth-intensive apps has shifted as internet usage has increased, followed by an increase in the number of connected devices.
The Middle East's digitalization trend has been accelerated by the cooperation of government and individual entities. Enterprises are migrating from server room operations to data center services like colocation, managed services, and hybrid infrastructure services as their operational business requirements grow. The rise of wholesale and retail colocation services across the region is being fueled by the rising implementation of cloud services. Colocation spaces are in great demand in both current and new data centers.
Smart city projects in key Middle Eastern countries like the United Arab Emirates and Saudi Arabia are highlighting the importance of data in increasing communication between cities, inhabitants, autos, electronics, and devices, as well as the entire smart city infrastructure.
The Brazil market dominated the LAMEA Edge Data Center Market by Country in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $327.5 million by 2027. The Argentina market is estimated to grow at a CAGR of 23.1% during (2021 - 2027). Additionally, The UAE market would experience a CAGR of 22.1% during (2021 - 2027).
Based on Component, the market is segmented into Solution (Networking Equipments, DCIM & Analytics, Power, Cooling, and Others) and Services (Integration & Implementation, Consulting, and Managed). Based on Facility Size, the market is segmented into Large and Small & Medium. Based on Vertical, the market is segmented into IT & Telecom, BFSI, Retail & E-commerce, Government, Healthcare & Life Sciences, Manufacturing, Gaming & Entertainment, Automotive, and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Edge Data Center Market is Predict to reach $21.4 Billion by 2027, at a CAGR of 19.9%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Dell Technologies, Inc., Eaton Corporation PLC, NVIDIA Corporation, Schneider Electric SE, Hewlett Packard Enterprise Company, Huawei Technologies Co., Ltd., IBM Corporation, Vertiv Holdings Co., Fujitsu Limited, and Equinix, Inc.
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