It’s no surprise that the global edge computing market is expected to reach $9 billion by 2024, according to a study by MarketsandMarkets. Edge computing provides many benefits for enterprises including the ability to reduce latency, minimize the risk of network downtime, improve load distribution across networks, and better connect to remote enterprise locations.
Carrier networks are constantly being challenged. From the emergence of social media and specifically short-form video apps such as TikTok, to the bandwidth implications of work from home initiatives and virtual classrooms as a result of COVID-19, the only certainty is change itself.
As advancements in technology accelerate, carriers must quickly adapt to a changing ecosystem. From mobile 5G and fiber rollouts to network transformation and automation, significant change drivers are at play in the market that intensify the need for carriers to evolve their infrastructure. Doing so is vital to enable the Future Mode of Operation (FMO) of both physical and virtualized networks and services.
To keep pace with changing technologies and the rise of mobile 5G, underlying communication networks need modernization. TDM-based networks must transform into packet-based networks to meet the demands of pervasive data-centric applications and services. Packet-based networks not only enable new innovations, services, and business opportunities, they are also the most cost-effective, efficient, and scalable networks for content delivery.
In today’s world of connectivity and real-time data, bridging the gap between IT and OT systems creates new opportunities to improve operational efficiency, meet customer demands, and keep pace with digital transformation. With enterprise applications (IT) and operations running the grid (OT) working together, utilities can benefit from disaster recovery and business continuity efforts. The integration of these systems enables an organization to optimize data consistency and management, which increases productivity and other efficiencies including network planning and engineering, service assurance, and service fulfillment.