The demand for edge data centers has also been growing due to the rapidly increasing over-the-top (OTT) traffic. The swift shift of customers towards online content and the surging demand for OTT services are resulting in the growing OTT traffic. According to Cisco, the worldwide IP gaming, video, multimedia streaming traffic is predicted to reach over 81% of all internet traffic by 2021, rising from 75% in 2019. This will create high demand for edge data centers in the coming years.

The edge data center market is predicted to attain a revenue of $53.1 billion by 2030, increasing from $5.3 billion in 2019, progressing at a 25.4% CAGR during the forecast period (2020–2030). On the basis of application, the market is divided into IT & telecom, retail, BFSI, government, healthcare, logistics & transportation. Out of these, the IT & telecom division held the major share of the market in 2019.

The rising IT spending across the globe and increasing requirement for efficient IT services are leading to growth of the category. Other than this, the BFSI industry is projected to register the fastest growth during the forecast period, owing to the increasing focus of financial institutions on expanding digital services that they are offering, including digital trade management, online banking, and digital transactions. In addition to this, the rising requirement for securely processing and storing the data of customers is predicted to drive division’s growth.

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Geographically, the edge data center market was dominated by North America in 2019, owing to the increasing government financial incentives for establishing data centers, commercialization of the 5G technology, and surging data traffic. Apart from this, the Asia-Pacific region is expected to grow at the fastest pace during the forecast period, which can be ascribed to the rising adoption of IoT and increasing government initiatives in the region.

This market research report provides a comprehensive overview of the edge data center market

Historical and the present size of the edge data center 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