The demand for data transfer and storage has significantly grown over the past few years, this paired with an increase of internet traffic and mobile internet penetration has driven the proliferation of data centers worldwide.
Moreover, many countries around the world are actively investigating the social and economic benefits that can be achieved through the deployment of a mainly fibre-based telecoms infrastructure as smart cities become more of a reality. Finally, Conversational Systems and speech-based technology is gaining momentum as it is being integrated not only in the home but also in the workplace.
Global Data Center Market Forecast
Data centers are designed and developed as mission-critical facilities worldwide. They are used to process data that is generated by consumers and business end-users. Data centers connect consumers and business providers through fiber optic cables via telecommunication broadband connectivity or a satellite. They comprise IT infrastructure that includes servers, storage, and network devices. It also consists of power and cooling infrastructure that helps to offer highly reliable and scalable services to end-users. The building of data centers requires high capital investment depending on their location, size, and capacity.
Cloud, as both a destination and an operating model, is having a hugely transformative effect on all facets of datacenter networking. Up and down the network stack, the changes have become profound and undeniable. As enterprises worldwide continue to pursue the imperative of digital transformation, they increasingly embrace cloud-based models and services to meet their objectives, especially those pertaining to business agility. This places unrelenting pressure on the datacenter network to become more agile, more flexible, more elastic, and much simpler to use and manage.
The demand for data transfer and storage has also resulted in storage and compute solutions becoming more complex and advanced, creating a shift towards virtualization, modularity, edge computing, and Artificial Intelligence. The data center by itself; is evolving from the traditional brick and mortar model to a self-contained modular design.This trend will play a crucial role in the expansion of the overall data center market, especially with the advent of 5G and edge computing.
For more details, please visit: Global Data Centre Investment and Technology Trends, Forecast to 2022
Global Fixed Broadband Key Statistics and Insights
Contributing to global fixed broadband growth is the increasing appetite for bandwidth which is led by the emerging markets of Asia, Africa and the Middle East. The growth of data centres and cloud technology is also creating a new for
good high-speed broadband infrastructure.Fibre networks have become a key investment area and most national high-speed broadband network projects are now based around Fibre-to-the-Premises. There is also a boom in submarine cable build-outs underway around the world.
Many leading global organisations have now publicly acknowledged the enormous importance of well-developed broadband infrastructure for a sustainable future in terms of the economy, society and environment. As a result, there is massive government encouragement to build and improve upon fixed and mobile broadband infrastructure in many parts of the world. This is also leading to an increasingly competitive environment with governments, cable operators,
incumbents, mobile operators and alternative players all vying for a slice of the market.
Submarine infrastructure continues to be developed for international communications as it can carry more data and provide faster connection speeds than the other alternative satellites. It is estimated around 95% of international traffic is carried by undersea networks. Starting in around 2016, we have witnessed quite an explosion in submarine cable build-outs, and this continues today with at least 60 new submarine cables expected to be launched in the next three years.
Conversational Systems Market Analysis
Intelligent machine systems that understand language and can conduct a written or verbal conversation with their users are known as conversational systems. They utilize speech-based assistants and facilitate stronger interactions and greater engagement across users and platforms. Conversational systems combine speech-based technology, Natural Language Processing and Machine Learning into a single platform to develop and build applications for a specific, as well as for multiple use cases across verticals.
Conversational systems platforms can be used to build intelligent and secure conversational interfaces so that
businesses can easily interact with devices, services, customers, suppliers, and employees in real-time. Such systems have a high adoption rate in Banking, Financial Services and Insurance. They have recently been adopted by most entreprises for the purpose of cross-selling and up-selling goods and services which in turn has lowered business’s operational costs.
The North American region is expected to hold the largest market size in the overall conversational systems market, followed by Europe, owing to the rapid technological developments in this region. The adoption rate of conversational systems is rapidly increasing in Asia Pacific. Such growth in the region is being fueled by the increasing amount of business data across industry verticals and growing need to resolve customer queries in real-time and offer omnichannel customer experience in countries such as China, Japan, Australia, and India.
For more details, please visit: Conversational Systems Market by Component, Type, Application, Vertical And Region – Global Forecast to 2024