Global edge data centre market to hit $317 bil by 2026: JLL
JLL’s foresight comes as even more modern technologies, for example, generative artificial intelligence (AI) and Internet of Things (IoT), need the faster information movement and much higher data processing speed that edge data hubs can offer.
On top of that, international customer and commercial need for products and services that have minimal latency, faster computing speeds, and generative AI technology will stimulate the requirement for edge IT infrastructure. An example of this is the computer game sector, where innovations including cloud gaming have forced the requirement for edge computing that can optimize gameplay without having the need for equipment improvement.
Edge IT structure also takes a critical duty in expanding internet penetration fees. JLL sees significant chances occur in regions like Asia Pacific and Middle East North Africa, where the gulf in online and mobile penetration rates between metropolitan and countryside regions continue to be high.
Edge data centres are facilities situated nearer to the place the information is produced or utilized. This creates them much better able to action and analyse data in real-time, assisting in much faster decision-making and more reliable functions.
Realty consulting firm JLL predicts that the marketplace value for edge IT infrastructure and information centers will achieve $317 billion by 2026, according to an August 12 news release. This is more than double the $153 billion the market was valued at in 2020.
Without edge data facility the benefits of modern technology like IoT and generative AI will likely not change to conventional acceptance, states Jonathan Kinsey, EMEA lead and worldwide chair of data center solutions at JLL.
The growth of edge IT facilities– which covers an ecosystem including device vendors, chip manufacturers, telco providers, hyperscalers, data center operators and cloud service providers– is anticipated to mirror the development of IoT tools. JLL projects the latter to expand at a compound annual development rate of 9.8% over the next 5 years, built by industries consisting of mining, energy, public services, retail industry and logistics.
He adds: “By bringing the processing infrastructure closer to the data source and user, edge IT facilities will certainly become an essential part in the international overall economy.”
