Edge Data Center Market to be Worth $34.91 Billion by 2030: Grand View Research, Inc.
SAN FRANCISCO, Nov. 22, 2022 /PRNewswire/ -- The global edge data center market size is anticipated to reach USD 34.91 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 17.9% from 2022 to 2030. Increasing adoption of the internet of things across various end-use industries, the rapid growth of mobile and IoT applications, and the rising popularity of online streaming and e-commerce services are major drivers of the market. It is anticipated that factors including the increasing adoption of 5G technology to improve communication, rising spending on data center technology, increasing demand to reduce data center complexity, and development in the AR/VR technology will also contribute to the market growth.
Key Industry Insights & Findings from the report:
Read 100 page full market research report, "Edge Data Center Market Size, Share & Trends Analysis Report By Component (Solution, Service), By Facility Size (Small & Medium Facility, Large Facility), By End-use Industry, By Region, And Segment Forecasts, 2022 - 2030", published by Grand View Research.
Edge Data Center Market Growth & Trends
Furthermore, COVID-19 has increased the penetration of technologies such as 5G, IoT, cloud, and edge computing. Owing to the global adoption of the work-fro-home policy, the demand for edge data centers has witnessed a remarkable rise during the pandemic period. The pandemic has forced the major workforce to work remotely, which has resulted in a growing number of companies investing in IT services. The need for data centers has increased over the past few years as a result of this expanding digitization.
Edge Data Center Market Segmentation
Grand View Research has segmented the global edge data center market based on component, facility size, end-use industry, and region:
Edge Data Center Market - Component Outlook (Revenue, USD Million, 2017 - 2030)
Edge Data Center Market - Facility Size Outlook (Revenue, USD Million, 2017 - 2030)
Edge Data Center Market - End-use Industry Outlook (Revenue, USD Million, 2017 - 2030)
Edge Data Center Market - Regional Outlook (Revenue, USD Million, 2017 - 2030)
List of Key Players in Edge Data Center Market
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About Grand View Research
Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.
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