With the increasing penetration of the internet and the surging mobile data traffic, the demand for edge data centers is growing rapidly all over the world. The soaring adoption of internet of things (IoT)-based devices and smartphones is one of the major factors responsible for the surge in mobile data traffic around the world. This is, in turn, pushing up the demand for edge data centers, as these centers are required for managing the mushrooming data volumes.
According to a recent report produced by the Cisco Visual Networking Index: Global Mobile Data Traffic Forecast Update 2017–2022 in February 2019, the total mobile data traffic all over the world was around 26.8 exabytes per month in 2019 and it is expected to rise to more than 77.5 exabytes per month by 2022. Apart from this factor, the increasing over-the-top (OTT) traffic around the world is also fueling the demand for edge data centers.
This is subsequently fueling the expansion of the global edge data center market. According to the estimates of P&S Intelligence, a market research company based in India, the value of the market will rise from .3 billion in 2019 to .1 billion by 2030. Furthermore, the market is predicted to advance at a CAGR of 25.4% between 2020 and 2030. Between edge data center solutions and services, the demand for the former is predicted to surge in the coming years.
This market research report provides a comprehensive overview of the market
Future potential of the market through its forecast for the period 2020– 2030
Major factors driving the market and their impact during the short, medium, and long terms
Market restraints and their impact during the short, medium, and long terms
Recent trends and evolving opportunities for the market participants
Historical and the present size of the market segments and understand their comparative future potential
Potential of on-demand logistics services, so the market players make informed decisions on the sales of their offerings
