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Edge Data Center Market Drivers, Restraints, Opportunities, and Trends in Coming Years

The mounting over-the-top traffic will also fuel the edge data center market at a CAG of 25.4% during 2020–2030. The market revenue stood at $5.3 billion in 2019 and it is projected to reach $53.1 billion by 2030. The surging OTT traffic can be attributed to the burgeoning demand for OTT services and rising shift toward online content. 

OTT platforms often experience latency due to the location of conventional data centers, which are usually established at long distances from users. At present, edge data center solutions are being largely utilized by the information technology (IT) and telecom sector, due to the soaring IT expenditure and escalating need for efficient IT services. 


Whereas, the banking, financial services, and insurance (BFSI) sector is also expected to adopt edge data center solutions at the fastest pace in the forthcoming years, due to the soaring focus of financial institutions on providing a diverse range of digital solutions, such as digital transactions, digital trade management, and online banking, and burgeoning demand for securely storing and processing the data of customers.

Currently, the edge data center solution and service providers, such as IBM Corporation, Schneider Electric SE, Vertiv Holdings Co., Hitachi Vantara, Panduit Corporation, Vapor IO Inc., VxChnge Holdings LLC, Huawei Technologies Co. Ltd., Fujitsu Ltd., 365 Operating LLC, and Hewlett Packard Enterprise Company, are focusing on providing technologically advanced products to customers. 

For instance, in February 2020, Huawei Technologies Co. Ltd. introduced FusionPower 2.0, a new UPS power module, at Huawei Industrial Digital Transformation Conference 2020. This product allows the power density of a single module to reach 100 kilowatts (kW)/3 Units.

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