The global edge data center market revenue stood at $5.3 billion in 2019, and it is expected to surge to $53.1 billion by 2030. Furthermore, the market will advance at a CAGR of 25.4% from 2020 to 2030, as per the estimates of the market research company, P&S Intelligence.

The market is being driven by the rapid 5G commercialization, increasing over-the-top (OTT) traffic and mobile data traffic, and the surging demand for internet of things (IoT) devices across the world. The increasing adoption of smartphones and IoT devices is fueling the soaring mobile data traffic, which is, in turn, propelling the requirement for edge data centers.

This is because these centers are required for managing the huge volumes of data being generated all over the world. Moreover, the growing popularity of OTT platforms, on account of the rising demand for online content, is augmenting the generation of data. As conventional data centers are usually located far away from users, OTT content experiences latency issues frequently, which affects the viewer experience.

Thus, in order to reduce the time taken for data transmission from the source to the destination and provide an uninterrupted OTT experience, OTT platforms are increasingly focusing on establishing edge data centers near users. This is causing the growth of the edge data center market. Depending on component, the market is divided into solutions and services categories. Between these, the solutions category contributed higher revenue to the market in 2019.

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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