Edge Data Center Market Size, Status, Top Players, Trends in Upcoming Years
Posted by Devanshu Shrivastava on December 28th, 2020
Due to the increasing commercialization of the 5G network, the growing usage of the internet of things (IoT) devices, and the soaring over-the-top (OTT) traffic and mobile data traffic, the global edge data center market will grow substantially in the coming years. The market attained a value of .3 billion in 2019 and is predicted to reach a revenue of .1 billion by 2030. Furthermore, the market is predicted to progress at a CAGR of 25.4% from 2020 to 2030.
The surging mobile data traffic is one of the biggest factors responsible for the expansion of the market across the globe. The growing usage of IoT devices and smartphones is augmenting the mobile data traffic, which is, in turn, fueling the development of edge data centers around the world. According to the report, the Cisco Visual Networking Index: Global Mobile Data Traffic Forecast Update 2017–2022, in 2019, the total mobile data traffic was around 26.8 exabytes per month.
Furthermore, the report predicts that the total mobile data traffic will rise to more than 77.5 exabytes per month by 2022. Apart from these factors, the surging OTT traffic all over the globe is also driving the progress of the edge data center market. The burgeoning requirement for OTT services and the soaring consumer preference for online content are the major reasons behind the ballooning OTT traffic around the world.
According to Cisco, the worldwide internet protocol (IP) gaming, multimedia, and video streaming traffic is predicted to reach over 81% of all internet traffic by 2021. This will push up the requirement for edge data centers, which will, in turn, propel the growth of the market. Depending on component, the edge data center market is divided into solutions and services. Between these, the solutions category is predicted to record the highest growth in the market in the upcoming years.
This market research report provides a comprehensive overview of the edge data center market
* Future potential of the market through its forecast for the period 2020– 2030
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About the AuthorDevanshu Shrivastava
Joined: January 31st, 2020
Articles Posted: 105
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