According to the estimates of PS Intelligence, a market research company based in India, the value of the market will rise from $5.3 billion in 2019 to $53.1 billion by 2030. Furthermore, the edge data center market is predicted to advance at a CAGR of 25.4% between 2020 and 2030. Between edge data center solutions and services, the demand for the former is predicted to surge in the coming years.

Out of cooling, IT racks and enclosure, power and uninterruptible power supply (UPS), networking equipment, data center infrastructure management (DCIM), and storage, the demand for cooling solutions is predicted to soar in the future years. This will be because of the increasing adoption of various cooling technologies by edge data centers for maintaining the optimal temperature in the data center facilities. Both large enterprises and small and medium enterprises (SMEs) are major end users of edge data centers.

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Between these, the requirement for edge data centers was found to be higher among large enterprises in the years gone by, because of the huge investments made by various large enterprises on data centers and the generation of large volumes of unstructured data by these organizations. Geographically, the demand for edge data centers will shoot up in Asia-Pacific (APAC) in the forthcoming years. This will be because of the increasing digitization and the surging internet penetration in the regional countries.

Hence, it is safe to say that the demand for edge data centers will skyrocket all over the world in the coming years, primarily because of the growing penetration of the internet, the mushrooming usage of smartphones, and the soaring OTT traffic around the world.