Skip to main content

Increasing OTT Content Consumption Driving Edge Data Center Market Growth

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.

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

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

Comments

Post a Comment

Popular posts from this blog

Why is Demand for Ambient Lighting Surging in Asia-Pacific?

The surging adoption of LED lights in the industrial sector is credited to their high energy efficiency and excellent design structure. Additionally, the large-scale installation of LED lights in the residential sector is broadening the scope for greater efficiency and advanced designs. Luminaires and lamps, and lighting controls are the two most widely used types of ambient lighting solutions. Between these, the demand for luminaires and lamps was found to be higher in the world during the last few years. This was because luminaires and lamps are integral components of ambient lighting solutions. Furthermore, with the rising demand for greater energy efficiency, the adoption of LED lamps and luminaires is predicted to soar sharply in the forthcoming years.  Geographically, the demand for ambient lighting solutions was observed to be the highest in the Asia-Pacific (APAC) region in the years gone by and this trend will continue in the upcoming years as well. This is attributed to ...
Post a Comment
Read more

Why Are Air Compressor Sales Rising in APAC Manufacturing Sector?

Among the top manufacturing nations in the world are China, Japan, India, and South Korea. Their booming population and export volume are leading to a continuous increase in industrial production. New manufacturing clusters are being set up, and a huge volume and variety of production equipment is being procured in order to fulfill the rising demand for all things imaginable.  One of the key pieces of equipment used at factories is an air compressor, often as part of larger machines that operate on pneumatics (air pressure). Therefore, as per P&S Intelligence, with the burgeoning industrial production, the value of the APAC air compressor market will increase to $15.2 billion by 2024 from $11.8 billion in 2018, at a 4.1% CAGR during 2019–2024 (forecast period).  Some of the common industrial machines that work on pneumatics, therefore require air compressors, are rock drills, riveters, pavement breakers, paint sprayers, forging presses, blast cleaners, nail guns, and atom...
Post a Comment
Read more

Robotic Process Automation Market Drivers, Restraints, Opportunities, and Trends in Coming Years

Robotic process automation solutions allow businesses to create virtual workforce, which can work on routine and mundane tasks with high efficiency, thereby eliminating the requirement for manual intervention. These solutions offer scalability and reduce operational cost by over 50%, as the virtual workforce can work round the clock. As the RPA systems can work continuously, they offer enhanced customer satisfaction. With the growing complexities in operations, enterprises across the world are adopting automated solutions, interaction solutions, and decision support and management solutions to automate repetitive and mundane tasks. Apart from this, RPA software also helps in mechanizing back-end processes because it can run in the background 24*7. This, in turn, allows human employees to concentrate on more important tasks, such as product development or client handling. Get the Sample Copy of this Report @ https://www.psmarketresearch.com/market-analysis/robotic-process-automation-ma...
Post a Comment
Read more