Colocation Edge Data Center Market Share

North American Market Forecast

The colocation edge data center market in the North America is anticipated to gain a share of about 46% by the end of 2037. The market growth in the region is expected on account of the growing use of cloud services by US and Canadian businesses in a variety of industries. According to a report, about 70% of businesses use cloud services in the U.S. which has increased the total spending on cloud services by 25%.

Cloud solutions from hyper-scale providers like AWS, Microsoft, and Oracle are being used by enterprises more frequently to meet their computing capacity requirements with the least amount of money. In addition to this, several data centers have already been developed by businesses in the region. Therefore, these factors are accelerating the growth of the colocation edge data center market in the region.

APAC Market Statistics

The APAC region will also encounter huge growth for the colocation edge data center market during the forecast period and will hold the second position owing to a significant increase in the data centers and edge computing solutions in countries like China, India, and Singapore, which is escalating the growth of the market in the region. According to a report, there has been an increase of about 12% in Asia’s data center landscape.

Additionally, the influence of 5G networks in the region is expected to further drive the growth of colocation edge data centers, as they can support the low-latency requirements of emerging technologies like autonomous vehicles and smart cities.