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BFSI and Government End User Verticals to Drive the Growth of Edge Server Market in India-6Wresearch

21 February, 2018

Surging demand and awareness towards communication and collaboration solutions spurred the growth of edge server market in India. Edge server are located at the edge of the network assisting in fast data processing. Additionally, attributed to security features, edge servers are gaining acceptance by key end user verticals to control the external user access within an organization's internal network. Further, with an emerging trend of edge computing and exponentially increasing number of IoT devices, India edge server market is anticipated to exhibit substantial growth over the coming years.

According to 6Wresearch, India edge server market is projected to grow at a CAGR of 6.4% during 2018-24. In the overall edge server market, consolidated edge topology segment led the market in 2017. The segment is further projected to acquire major revenue share during the forecast period, primarily owing to low cost solution, and rising demand for centralized administration requirements among various verticals, especially the BFSI, and government segment. Among different geographies, the Southern region of India bagged highest revenue share in 2017 on account of presence of IT hubs in the region, predominantly in Bengaluru and Hyderabad cities.

According to Anuj Mehrotra, Senior Research Analyst, Research and Consulting, 6Wresearch, "In terms of edge service types, access edge service segment contributed highest revenue share, followed by audio/video edge service, and web conferencing segments. However, web conferencing is projected to register highest growth rate during the forecast period. The growth is attributed to flourishing enterprise segment in India, as edge server assist the enterprises in reducing travel cost, increasing productivity of employees as well as decision making."

"Moreover, among different server models, blade servers are forecast to gain immense acceptance over the coming years owing to less space consumption, higher energy saving potential and high computation capabilities," Anuj concluded.

According to Suman Gautam, Research Associate, Research and Consulting, 6Wresearch, "BFSI, government, and telecommunications are the major end user verticals of edge server market. In addition, the government segment is likely to exhibit highest growth during the forecast period. Digital India initiative and smart city projects are anticipated to majorly contribute towards this market growth in near future."

"Although, BFSI segment captured majority of the revenue share in 2017, however, telecommunications vertical is likely to display significant growth owing to launch of Voice over Long Term Evolution (VoLTE) services by Reliance Jio in 2016. In addition, edge server solution is projected to register higher demand on account of projected increase in number of VoLTE users, estimated to cross 370 million by 2022." Suman added.

Some of the major companies in India edge server market includes Hewlett Packard Enterprise (HPE) India, IBM India Pvt. Ltd, Dell India Pvt. Ltd, Lenovo India Pvt. Ltd, Cisco Systems (India) Pvt. Ltd, Microsoft Corporation (India) Pvt. Ltd, Amazon Web Services Inc., Fujitsu India Private Ltd, and Oracle India Pvt. Ltd.

"India Edge Server Market (2018-2024)" report provides in-depth analysis with 36 figures and 5 tables covered in 112 pages. The report estimates and forecast the overall India edge server market by types, topologies, edge services, regions, and end user verticals such as BFSI, government, telecommunication, commercial offices & IT/ITeS, and others. The report also offer insights on competitive landscape, companies benchmarking, company profiles, market drivers and restraints.

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