Skip to main content

Rising Mobile Traffic Data Fueling Demand for Edge Data Centers

According to the International Telecommunication Union (ITU), the global mobile data traffic per month will surge from 543EB in 2025 to 4,394EB in 2030. Thus, the mounting mobile data traffic, on account of the increasing internet penetration and surging adoption of internet of things (IoT) devices and smartphones, will augment the establishment of edge data centers in the coming years.

These centers are small data centers that are located near the edge of a network. Such centers offer the same devices provided by the traditional data centers, but are confined to a smaller area andcloser to end-users and devices. Additionally, the mounting over-the-top traffic will also fuel the edge data center market at a CAGR 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.

Get the Sample Copy of this Report @ https://www.psmarketresearch.com/market-analysis/edge-data-center-market-analysis/report-sample

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.
Labels:

Comments

Post a Comment

Popular posts from this blog

Increasing Internet Penetration Fueling Demand for Product Analytics

With the increasing penetration of the internet in both developing countries such as China and India and developed countries such as Singapore and the U.S., the worldwide demand for product analytics is rising rapidly. For example, according to the Office for National Statistics, in 2018, 90% of all households in Great Britain had access to the internet. Get the Sample Copy of this Report @ https://www.psmarketresearch.com/market-analysis/product-analytics-market/report-sample Additionally, the total percentage of adults who used the internet daily grew from 35% to 86% from 2006 to 2018 in the country. The rapid digital transformation in various countries is pushing up the requirement for product analytics solutions. Moreover, businesses all over the world are increasingly adopting advanced technologies such as product analytics for building a holistic understanding and delivering greater customer engagement. Apart from this, rapid advancements and innovations being made in various cog...
Post a Comment
Read more

Conversational AI Market Worldwide Opportunities, Driving Forces, COVID-19 Impact Analysis, Future Potential 2030

There are two ways in which conversational AI solutions are deployed, namely cloud and on-premises. Of these, the conversational AI solutions deployed through cloud recorded higher demand in 2018, and this deployment method is expected to remain more popular in the coming years. This is primarily attributed to the ballooning demand for scalability and easier maintenance features and 24*7 services offered by these solutions. Furthermore, many major companies are adopting cloud-based solutions for increasing their operational flexibility and reducing their operational costs. Coherent with these facts, the biggest phenomenon currently being observed in the conversational AI market is the mushrooming implementation of chatbots, as well as IVA, in various healthcare applications. Geographically, the highest demand for conversational AI market share has been witnessed in North America in the last few years, and the next few years will witness a similar situation. For instance, a Mahara...
Post a Comment
Read more

Battery Management System Market Size, Status, Top Players, Trends in Upcoming Years

The International Energy Association (IEA) predicts that the sale of battery electric vehicles (BEV) (trucks) and plug-in hybrid electric vehicles (PHEV) (trucks) will reach around 96,555 units and 107,571 units, respectively, by 2025. The organization also forecasts that the global stock of BEV cars and PHEV cars will reach 29,626,576 units and 16,335,941 units, respectively, by 2025. The surging electric vehicle (EV) sales will create an extensive requirement for battery management systems (BMSs) in the coming years, as batteries are the most important component of such vehicles. Besides, the surging use of rechargeable batteries in consumer electronic products is expected to drive the battery management system market at a vigorous CAGR of 15.0% during the forecast period (2021–2030).   The market revenue is expected to surge from $5,661.0 million in 2020 to $22,279.6 million by 2030. BMSs are installed in consumer electronics to control the operation of batteries and manag...
Post a Comment
Read more