Skip to main content

Edge Data Center Market Drivers, Restraints, Opportunities, and Trends in Coming Years

The mounting over-the-top traffic will also fuel the edge data center market at a CAG 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. 


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.

Currently, the edge data center solution and service providers, such as IBM Corporation, Schneider Electric SE, Vertiv Holdings Co., Hitachi Vantara, Panduit Corporation, Vapor IO Inc., VxChnge Holdings LLC, Huawei Technologies Co. Ltd., Fujitsu Ltd., 365 Operating LLC, and Hewlett Packard Enterprise Company, are focusing on providing technologically advanced products to customers. 

For instance, in February 2020, Huawei Technologies Co. Ltd. introduced FusionPower 2.0, a new UPS power module, at Huawei Industrial Digital Transformation Conference 2020. This product allows the power density of a single module to reach 100 kilowatts (kW)/3 Units.

Comments

Post a Comment

Popular posts from this blog

AI in Agriculture Market Share, Size, Future Demand, Top Leading Player, and Emerging Trends

The booming population is putting immense pressure on the agrarian community to produce more of all kinds of crops, dairy products, and meats than ever before. In addition, the growing cities, which are eating up agricultural land, are making this task increasingly difficult. This is why the focus at the individual farmer and government levels has started shifting toward modern ways of practicing agriculture. Like most industries, agriculture is now embracing digitization and, with it, its various components, such as drones, robots, and sensors. To make all these systems more effective and the cultivation and animal husbandry processes more fruitful, artificial intelligence (AI) is being leveraged. As per P&S Intelligence, this will be the key reason behind the growth of the AI in agriculture market from $852.2 million in 2019 to $8,379.5 million by 2030, at a 24.8% CAGR between 2020 and 2030. The purpose of using AI in agriculture is to offer real-time updates on sowing and reapi...
Post a Comment
Read more

How Is Military and Defense Sector Boosting Underwater Robotics Market Growth?

Categories under the type segment of the underwater robotics market include autonomous underwater vehicle (AUV) and remotely operated vehicle (ROV). Of these, the ROV category is expected to exhibit the faster growth during the forecast period, due to the burgeoning demand for ROVs in the deep-sea oil drilling industry. Further, the AUV category will also register considerable growth in the forecast years, primarily on account of the surging deployment of such robots for detecting submerged wrecks and obstructions in the defense sector. The application segment of the underwater robotics market is classified into scientific research, defense and security, and commercial exploration. Get the Sample Copy of this Report @ https://www.psmarketresearch.com/market-analysis/underwater-robotics-market/report-sample Among these, the defense and security category holds a substantial market share, due to the surging deployment of AUVs in the defense and security sector. For example, in 2019, Gener...
Post a Comment
Read more

Wi-Fi Analytics Market To Generate $52,975.5 Million Revenue by 2030

The Wi-Fi analytics market is expected to exhibit a CAGR of 24.2% during the forecast period (2020–2030), due to the increasing penetration of smartphones, escalating Wi-Fi deployment rate, and the rising proliferation of big data technology worldwide. The market generated a revenue of $5,210.0 million in 2019 and it is projected to generate $52,975.5 million revenue by 2030. Wi-Fi analytics refers to the use of a Wi-Fi network to collect data from internet-enabled devices, such as smartphones and laptops. One of the major growth drivers for the market is the increasing deployment of public Wi-Fi hotspots, primarily on account of the burgeoning use of wearable devices, smartphones, tablets, and other internet-enabled devices. Get the Sample Copy of this Report @ https://www.psmarketresearch.com/market-analysis/wifi-analytics-market-report/report-sample Public Wi-Fi networks have emerged as one of the most viable solutions for meeting the burgeoning demand for high bandwidth. Furthermor...
Post a Comment
Read more