Increasing Mobile Data Traffic is Strongest Driver of Edge Data Center Market

According to the Cisco Visual Networking Index: Global Mobile Data Traffic Forecast Update 2017–2022 report published in February 2019, “the mobile data traffic has been estimated at nearly 26.8 exabytes per month in 2019, and it is predicted to reach over 77.5 exabytes per month by 2022.” Apart from the growing mobile data traffic, the rising over-the-top (OTT) traffic is also propelling the demand for edge data centers across the globe.

Because of these reasons, the global edge data center market will grow, in valuation, from $5.3 billion to $53.1 billion from 2019 to 2030. The market is also predicted to advance at a CAGR of 25.4% between 2020 and 2030. with the growing number of internet users, rising popularity of internet-based applications and online streaming services, and the increasing adoption of big data, IoT, and cloud solutions in business operations, the requirement for minimal latency will surge, which will, in turn, fuel the development of edge data centers across the world in the upcoming years. 

Solutions and services are the two main categories, under the component segment of the edge data center market. Between them, the solutions category will exhibit higher growth in the market in the coming years. This category is further classified into cooling, IT racks & enclosure, storage, networking equipment, data center infrastructure management (DCIM), and power and uninterruptible power supply (UPS).

Globally, the North American edge data center market is currently being observed to be the most prosperous, as per the findings of P&S Intelligence, a market research firm based in India. This is attributed to the commercialization of 5G and the increasing investments being made by the governments of North American countries for developing data centers in the region. 

The expansion of the market in this region will be driven by the rising internet penetration and rapid digitization, especially in the developing countries such as China, Indonesia, and India. According to the Internet & Mobile Association of India (IAMAI), the country was home to over 504 million internet users as of November 2019. Further, the organization found that there was a 12% rise in the number of internet users in the country from March to November 2019.

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

Read More

Increasing Stem Cell Transplant Procedures Pushing Up Medical Gloves Sales in Asia-Pacific

With the recent outbreaks of various contagious diseases such as Middle East respiratory syndrome (MERS), Zika, severe acute respiratory syndrome (SARS), and Ebola, medical gloves are increasingly becoming extremely essential in healthcare operations. The outbreak of the COVID-19 (SARS CoV-2) pandemic has further pushed up the requirement for medical gloves, on account of their ability to prevent direct contact between persons, which is very essential for reducing the spread of the coronavirus.

To learn more about this report: https://bit.ly/3iR7rGf

As per the estimates of the World Health Organization (WHO), the incidence of chronic diseases would rise by as much as 57% by the end of 2020. Due to soaring population, the prevalence of chronic diseases would grow massively in the developing nations in the coming years. Furthermore, the increasing prevalence of these diseases is pushing up the requirement for surgeries. For example, as per reports, in Mexico, 4,900 coronary artery bypass graft surgeries were performed in 2015.

This number rose to 5,125 in 2016 in the country. Similarly, in France, the number of such surgeries grew from 19,242 to 19,310 from 2015 to 2016. Because of these reasons, the sales of medical gloves are skyrocketing across the world. This is causing the expansion of the global medical gloves market. As a result, the value of the global medical gloves market is predicted to grow from $6,633.4 million to $20,435.6 million from 2019 to 2030.

Geographically, the medical gloves market is predicted to demonstrate the fastest advancement in the Asia-Pacific (APAC) region in the upcoming years, due to the increasing geriatric population, surging number of diagnostic examinations and surgical procedures, and the soaring cases of COVID-19 in the regional countries. In addition to this, the increasing number of stem cell transplant procedures in the APAC countries is fueling the demand for medical gloves in the region.

Therefore, it can be said without any doubt that the sales of medical gloves are predicted to rise enormously all over the world in the coming years, primarily because of the growing incidence of contagious and chronic diseases, the recent outbreak of the COVID-19 pandemic, and the rising awareness about hygiene among the people and healthcare practitioners.

Read more: https://www.psmarketresearch.com/market-analysis/medical-gloves-market-report

Read More

Demand for Peer-to-Peer Carsharing Services Expected to Increase in Europe

The need for cost-effective mobility solutions is increasing across the globe. Youngsters these days are becoming more and more inclined towards making use of alternative mobility options rather than buying personal vehicles. As people are becoming more aware regarding the negative impacts of fuel-based vehicles on the environment, they are shifting towards more eco-friendly solutions. Ascribed to this, the adoption of peer-to-peer (P2P) carsharing services has increased considerable across the globe. Under this service, car owners are able to rent their personal vehicles to other people in their area. 

In addition to being a cost-effective and convenient solution for users, P2P carsharing services enable car owner to generate additional revenue, thereby aiding them in recovering the car’s cost of ownership. Users of these services can book vehicles as per their requirement, and need to pay for services on the basis of distance and time taken, in addition initial registration cost. These factors make P2P carsharing services a viable option of commuting for users, and are leading to the growth of the global peer-to-peer carsharing market.

Luxury, economy, and executive are the three types of cars that are used for providing P2P carsharing services. Out of these, the demand for economy cars was the highest in the past, and the situation is expected to remain the same in the coming years as well. The high preference for these vehicles can be attributed to their increased fuel efficiency as compared to luxury and executive cars. Users can avail these services for personal or business applications. The demand for P2P carsharing services was higher for personal use in the past and is expected to be higher in the years to come as well.

Speak to Analyst:

This can be ascribed to the fact that most people utilize these services for personal purposes such as commuting to workplace, travelling to specific destinations, such as airport or railway stations, and running errands including grocery shopping. Geographically, the European region is expected to emerge as a major P2P carsharing market in the near future, which can be attributed to the reluctance of people to buy personal vehicles due to their high maintenance needs in the region. In addition to this, the increasing number of initiatives in the region for decreasing environmental pollution and reducing traffic congestion are also resulting in the surging adoption of alternate mobility options.

In conclusion, the demand for P2P carsharing services is growing due to the increasing demand for cost-effective and convenient mobility solutions.

Read More

Business Impacts of COVID-19 on Virtual Mobile Infrastructure Market | Strategies of Major Industry Competitors

The rising need for data security is also a key factor responsible for the increasing adoption of virtual mobile infrastructure. This is mainly due to the fact that VMI allows the storage of data on secure servers and thus ,removes the need for storing data on personal devices. The soaring penetration of 5G network is expected to significantly boost the adoption of VMI in future primarily on account of the fact 5G network offers much higher speed and bandwidth than the 4G network and this will considerably enhance the overall VMI user experience, thereby leading to its high demand.

Get the Sample Copy of this Report @ https://www.psmarketresearch.com/market-analysis/virtual-mobile-infrastructure-market/report-sample

Powered by the above-mentioned factors, the global virtual mobile infrastructure market is expected to increase its value from $115.8 million in 2018 to $194.3 million in 2024, with a CAGR of 9.7% during the forecast period (2019–2024). VMI is used in multiple sectors namely IT & Telecom, government, healthcare, and banking, financial services, and insurance (BFSI). Amongst these, the BFSI sector, owing to the rising need for enhanced data security, recorded the highest adoption of VMI in 2018 and is also predicted to demonstrate the fastest growth in the adoption of VMI during the forecast period. 

The faster growth is predicted to be registered by the service division, which is further bifurcated into managed and professional. When industry is taken into consideration, the virtual mobile infrastructure market is primarily categorized into healthcare, banking, financial services, and insurance (BFSI), government, and information technology (IT) & telecom.

Make Enquiry Before Purchase @ https://www.psmarketresearch.com/send-enquiry?enquiry-url=virtual-mobile-infrastructure-market

The VMI market is currently witnessing shifting preference toward the use of cloud-based VMI platforms across the globe. Cloud-based solutions commonly include Software as a Service (SaaS) model, in which consumers can virtually access the VMI platforms, through the internet. The cloud-based deployment of VMI platforms offer several advantages to the users such as lower IT infrastructure costs, greater affordability, and higher scalability and flexibility, as compared to the conventional modes of deployment.

Read More

What Role Are Virtual Fitting Rooms Playing in E-Commerce Era?

GSMA’s 2020 Mobile Economy report says that from 5.2 billion in 2019, the number of smartphone users around the world would rise sharply to 5.8 billion by 2025. In other words, compared to 67% in 2019, almost 70% of the people on this planet would own a smartphone. Additionally, compared to 3.8 billion, or 49% of the world’s population in 2019, 5 billion, or 61% of the global population would be a regular mobile internet user in 2025. 

Get the Sample Copy of this Report @ https://www.psmarketresearch.com/market-analysis/virtual-fitting-room-market/report-sample

It is already a well-known fact that the penetration of smartphones and the internet has been instrumental in driving the popularity of e-commerce. While e-commerce gives people the convenience of ordering stuff from home and getting it delivered to them at cost-effective rates, products, especially clothes, can only be tried on once they reach the customer. 

The cameras analyze the person’s physique and movements and digitally superimpose the attire on their own 2D or 3D image, to show people how it would look on them in reality. P&S Intelligence expects the rising usage of these technologies and smartphones to take the virtual fitting room market to $19,250.4 million by 2030, from $3,128.6 million in 2019, at an 18.5% CAGR between 2020 and 2030.

Make Enquiry Before Purchase @ https://www.psmarketresearch.com/send-enquiry?enquiry-url=virtual-fitting-room-market

Not anymore! With the virtual fitting room concept, clothes can be tried on even before customers get their hands on them, via technologies such as AI, augmented reality (AR), and virtual reality (VR). Anyone who has used Snapchat filters or even Photoshop would easily grasp the concept. A virtual fitting room is a digital representation of a fitting room, wherein images taken from cameras and processed by AI, AR, and VR let a person try on clothes and other pieces of attire in the virtual space. 

Read More

Demand for Electric Bus Charging Stations Highest in Asia-Pacific due to Increased Usage of Electric Buses in China

 The preference for electric vehicles has increase significantly all across the globe. This can be attributed to the surging air pollution levels, caused due to conventional ICE vehicles, rapid depletion of fossil fuels, and growing focus on renewable energy sources. Since electric vehicles can aid in curbing the emission of greenhouse gases into the atmosphere, their adoption has been increasing among people since the past few years.

While previously, the focus has majorly been on electrification of private vehicles, such as motorcycle, cars, and schools, now governments of several countries are also focusing on electrifying the public transport systems of their countries. Owing to this, the global electric bus charging station market is expected to register substantial growth in the years to come. The adoption of electric buses has particularly been increasing because of various incentive programs, including grants, tax rebates, and subsidies. Therefore, as the adoption of electric buses will rise, the need for related charging infrastructure will grow as well. 

Request to Get the Sample Report

The global electric bus charging station market is predicted to attain a revenue of $12.3 billion by 2025, increasing from $6.6 billion in 2019, and is predicted to grow at a 9.7% CAGR during the forecast period (2019–2025). On the basis of type, the market is divided into inductive charging, depot charging, and opportunity charging, among which, the depot charging division contributed the largest revenue share to the market in 2018. As these buses have similar operations as diesel buses, they are easier to operate.

The Asia-Pacific region held the major share of the electric bus charging station market in 2018, which can primarily be attributed to fact that China is the largest electric bus market across the globe. The country accounts for 99.0% of the total sales of electric buses around the world. This increasing penetration of electric buses in the country is bound to create high demand for related charging infrastructure, including electric bus charging stations.

Speak to Analyst

In conclusion, the market is growing due to the surging pollution across the globe, increasing use of electric buses, and government initiatives.

Read More

Silicon on Insulator Market Trends, Segmentation, Key Players, Application And Forecast

According to a report by P&S Intelligence, the global silicon on insulator (SOI) market is predicted to generate a revenue of $2,285.5 million by 2024, increasing from $684.9 million in 2018, progressing at a 22.7% CAGR during the forecast period (2019–2024). The market is growing due to the rising investments in the SOI ecosystem and increasing requirement for SOI wafers in the consumer electronics applications. In terms of wafer size, the market is divided into 300 mm, <200 mm, and 200 mm. 

Get the Sample Copy of this Report @ https://www.psmarketresearch.com/market-analysis/silicon-on-insulator-market/report-sample

Out of these, the 200 mm division accounted for the largest share of the market in 2018, due to the increasing demand for RF-SOI substrates, specifically designed for automotive and mobility industries, from Asia-Pacific and North America. On the basis of wafer type, the market is categorized into imager-SOI, radio frequency-SOI, photonics-SOI, fully depleted SOI, power-SOI, and partially depleted SOI, out of which, the RF-SOI category held the major share of the market in 2018. 

RF-SOIs are widely being utilized in innovative LTE smartphones. In addition to this, the increasing investments for the development of 5G network is also driving the demand for RF-SOI. The FD-SOI category is expected to witness the highest CAGR during the forecast period in the SOI market. These wafer types are widely used for ultra-low power applications such as wearable devices and smart appliances. Moreover, the cost-efficiency and relatively high performance of these wafers is leading to the category’s demand. 

Make Enquiry Before Buying the Report @ https://www.psmarketresearch.com/send-enquiry?enquiry-url=silicon-on-insulator-market

The Asia-Pacific (APAC) region held the largest share, of 55.4%, of the SOI market in 2018. Countries including South Korea, China, and Japan are widely focusing on the introduction and expansion of the 5G network services in the years to come, which is the major driving factor of the regional market. Moreover, the rising investments for the development of the 5G technology in APAC is also predicted to result in the growth of the regional market during the forecast period. 

This market research report provides a comprehensive overview of the SOI market

• Historical and the present size of the SOI market
• Future potential of the market through its forecast for the period 2019– 2024
• 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

Read More