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

Business Impacts of COVID-19 on AR and VR Market Strategies of Major Industry Competitors

The global augmented reality (AR) and virtual reality (VR) market generated a revenue of $37.0 billion in 2019 and it is predicted to progress at a CAGR of 42.9% between 2020 and 2030. Furthermore, the market will reach a value of $1,274.4 billion by 2030. The increasing adoption of the AR and VR technologies in the healthcare, entertainment, education, gaming, and tourism sectors is one of the major factors fueling the advancement of the market across the globe. Get the Sample Copy of this Report @ https://www.psmarketresearch.com/market-analysis/augmented-reality-and-virtual-reality-market/report-sample   Besides the aforementioned factor, the growing usage of smartphones and tablet computers is also propelling the expansion of the AR and VR industry across the world. According to various reports, the total number of smartphone users all over the world is predicted to rise to 3.5 billion by 2020, registering a growth rate of 9.3% from 2019. As smartphones are suitable hardware i...
Post a Comment
Read more

How Is 5G Infrastructure Enhancing Reliability of IoT-Enabled Devices?

To cater to the needs of end users, Ciena Corporation, Samsung Electronics Co. Ltd., China Mobile Ltd., KT Corporation, American Tower Corp., Hewlett Packard Enterprise Development LP, Airspan Networks Inc., Cisco Systems Inc., NEC Corporation, AT&T Inc., Huawei Technologies Co. Ltd., Affirmed Networks Inc., Telefonaktiebolaget LM Ericsson, and others are introducing new and advanced solutions and collaborating with other organizations to offer a strong 5G infrastructure. For instance, in June 2019, AT&T Inc. entered into a collaboration with International Business Machines (IBM) Corporation to provide edge computing and wireless 5G networking for business entities. The end user segment of the 5G infrastructure market is categorized into government, commercial, residential, and industrial. Among these, the industrial category is projected to witness the fastest growth during the forecast period, owing to the increasing advancements in IoT technology and expanding opportunities ...
Post a Comment
Read more

How Are Electronic Transactions Propelling Fraud Detection and Prevention System Usage?

To combat the various types of threats effectively, market players like TransUnion LLC and SAS Institute Inc. are offering a hybrid analytical approach. This approach integrates various aspects of fraud detection into one technological solution. Such integrated applications swiftly connect each and every aspect of the fraudulent activity and analyze each strand individually as a potentially greater threat. Thus, These solutions provide a holistic view of fraudulent behavior and support prepayment detection and prevention. Geographically, the North American fraud detection and prevention market generated the highest revenue in 2018. This was due to the wide-scale adoption of cloud-based technologies in small and large businesses, which has resulted in a significant number of fraudulent activities. Moreover, the extensive research and development (R&D) being undertaken for integrating the internet of things (IoT) technology in fraud detection and prevention systems will steer the ma...
Post a Comment
Read more