Edge Data Center Market Size, Share, Growth, Trends and ApplicationsPosted by Devanshu Shrivastava on June 9th, 2021 A number of factors such as the commercialization of 5G, high demand for internet of things (IoT) devices, and dense over-the-top (OTT) and mobile data traffic are expected to drive the edge data center market at a CAGR of 25.4% during the forecast period (2020–2030). The market revenue stood at 5.3 billion dollar in 2019, and it is projected to reach 53.1 billion dollar by 2030. In recent years, the rising adoption of IoT technology in the healthcare and automotive industries has become a major market trend. The increasing mobile data traffic is a prominent growth driver of the edge data center market across the world. The growing usage of smartphones and IoT devices is resulting in the generation of high volumes of data.
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To manage the mounting amount of data, umpteen edge data centers are being deployed across the world. The rising penetration of the internet has fueled the adoption of these devices around the world. Additionally, the soaring OTT traffic, on account of the surging demand for OTT services and rising shift toward online content, will also augment the edge data center market growth in the coming years.
As conventional data centers are usually located far away from the users, OTT content sometimes observes latency, owing to which, the video or song keeps buffering. To provide an uninterrupted OTT experience, a large number of edge data centers are being set up in the proximity of users, because these centers reduce the transmission time of the data from the source to its destination.
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