Leading Corporations Reap the Benefits of Expanding Cloud Capabilities
FinancialBuzz.com News Commentary
NEW YORK, July 18, 2022 /PRNewswire/ -- Cloud computing is a highly complex segment. Microsoft describes it as the delivery of computing services—including servers, storage, databases, networking, software, analytics, and intelligence — over the Internet. Ideally, this leads to faster innovation, flexible resources, and economies of scale. Over the last decade, the increasing volume of data generation in websites and mobile apps, the rising focus on delivering customer-centric applications for driving customer satisfaction, and the growing need to control and reduce Capital Expenditure (CAPEX) and Operational Expenditure (OPEX) are just a few of the factors driving the growth of the emerging trends in cloud computing. And, according to data provided by MarketsandMarkets research, the global cloud computing market size is expected to grow from USD 445.3 Billion in 2021 to USD 947.3 Billion by 2026, while at a Compound Annual Growth Rate (CAGR) of 16.3% during the forecast period. uCloudlink Group Inc. (NASDAQ: UCL), Nokia Corp. (NYSE: NOK), AT&T Inc. (NYSE: T), CommScope Holding Company, Inc. (NASDAQ: COMM), Hewlett Packard Enterprise (NYSE: HPE).
The cloud computing market is also expected to be impacted by the emergence of 5G technology. Ideally, a blend of 5G and cloud computing technologies will enhance the capability and functionality of a number of industries, especially for cloud businesses themselves. According to a report by Forbes, "As 5G infrastructure gets deployed and cloud computing resources are extended to the edge of the network, cloud infrastructure and communications networks are becoming increasingly integrated and merged, a trend that is likely to continue with the expansion of 5G deployments. 5G means more data — the fuel for cloud applications around the world. Cloud providers and service providers all want to extend infrastructure and services to capture, transport, and process this data."
uCloudlink Group Inc. (NASDAQ: UCL) announced earlier this month breaking news that it, "has formed a strategic partnership with Tuya Inc. ("Tuya") (NYSE: TUYA), a global leading IoT cloud development platform, to initiate comprehensive technological cooperation in the field of Internet of Things ("IoT"). UCLOUDLINK and Tuya will leverage their respective technological advantages and make joint efforts into research and development in the IoT industry of cloud era.
'We are excited to extend our partnership in the IoT industry by cooperating with Tuya. Empowered by UCLOUDLINK's expertise in data connectivity services, Tuya's smart products will benefit from UCLOUDLINK's cloud SIM technology and hyper-connectivity solution to access reliable, better, and high-quality internet data connectivity services, helping users expedite the process of digital transformation and enabling them to enjoy the benefits provided by the enhanced IoT solutions,' said Chaohui Chen, Director and CEO of UCLOUDLINK.
Mr. Chen continued, 'The partnership will not only produce win-win outcomes but also go a long way in driving the innovation of IoT industry in the cloud era as a whole. UCLOUDLINK specializes in developing innovative IoT solutions empowering single entry point to access all available networks while reducing overall data connectivity services costs, and our solutions are widely applied in a variety of commercial scenarios including industry Wi-Fi router, IP Camera, Power, emergency services and Autopilot, etc.'
UCLOUDLINK continues to facilitate the acceleration of the cloud era of IoT through its PaaS and SaaS platform based on cloud SIM technology and hyper-connectivity solution. The possible surge in demand for IoT cloud services will create significant business growth opportunities for UCLOUDLINK. As the pioneer technology solution provider in the data connectivity sector, UCLOUDLINK will keep collaborating with more business partners worldwide to accelerate the development of IoT industry in the cloud era."
Nokia Corp. (NYSE: NOK) announced on June 21st, the launch of the 5G Innov Lab platform as part of the France Recovery plan. The Nokia-led platform has the objective of testing and integrating 5G industrial uses, using an open and transversal approach; and brings together various entities, including Airbus Secure Land Communications, Augmented Acoustics, Digital Immersion, IMT, SNEF Lab, Nokia Bell Labs, and Paris-Saclay Hardware Accelerator. Pierre-Gaël Chantereau, President of Nokia in France, said: "5G will play a critical role in the transformation of the industry and verticals and this Nokia-led platform will enable the development in France of new use cases, with the support of all partners. France has many assets, supported by both historical and new players, and the cooperation of these actors is essential to accelerate developments and guarantee our competitiveness at the European and global levels."
AT&T Inc. (NYSE: T) announced in a blog post on June 7th, participation in the Department of Defense Demonstration of 5g-enabled Smart Warehouse Solutions at Naval Base Coronado. The demonstrations occurred at Naval Base Coronado in San Diego where the smart warehouse concept is being explored by DoD. AT&T's private 5G network at the base delivered data throughput speeds of 3.9 gigabits per second with less than 10 milliseconds of latency when powering the demonstrations. Lance Spencer, Client Executive Vice President – Defense, AT&T Public Sector and FirstNet said, "The AT&T 5G-powered solution we've delivered at Naval Base Coronado is a first of its kind, high-performance, highly secure, and scalable private network solution. We expect it will serve as the foundation for improved efficiency, timeliness, accuracy, security, and safety of Naval warehouse operations."
CommScope Holding Company, Inc. (NASDAQ: COMM) announced last month a new cloud-to-edge suite of next-generation XGS-PON solutions built to facilitate the rapid global growth in FTTP deployments. Around the world, service providers are facing ever increasing competitive pressure to deploy new fiber networks or upgrade existing ones in response to exponential consumer demand as well as new opportunities in government and private sector infrastructure funding. To address this challenge, CommScope is introducing a new cloud-to-edge XGS-PON solution built with industry standards, supporting a 10G future. The suite achieves this through three primary attributes: a flexible architecture; open, interoperable components; and dynamic, cloud-based operation. The cloud-to-edge solution allows service providers in both greenfield FTTH and fiber-deeper scenarios to bridge multiple network topologies and take advantage of SDN efficiencies to prepare their networks for the future, regardless of what the future will require.
Hewlett Packard Enterprise (NYSE: HPE) announced June 14th, that Iliane, a French cloud services and hosting service provider, has selected the HPE GreenLake edge-to-cloud platform to accelerate the deployment of their cloud offerings for regional accounts. The HPE GreenLake platform meets Iliane's requirements for flexibility, security, manageability and fast delivery of resources and allows Iliane to administer their IT and cloud offerings with extreme flexibility. "We provide reliable, high performing and long-lasting solutions to our customers, so we need an innovative storage solution that will scale up with the increasing demand of the market today," said Eddy LE NENES, General Manager, Iliane. "The HPE GreenLake platform provides budget predictability and control over our expenses without compromising on the scalability, flexibility, or level of support we require to meet our customers' needs."
Subscribe Now! Watch us report LIVE https://www.youtube.com/FinancialBuzzMedia
Follow us on Twitter for real time Financial News Updates: https://twitter.com/financialbuzz
Follow and talk to us on Instagram: https://www.instagram.com/financialbuzz
Facebook Like Us to receive live feeds: https://www.facebook.com/Financialbuzz/
About FinancialBuzz.com
FinancialBuzz.com, a leading financial news informational web portal designed to provide the latest trends in Market News, Investing News, Personal Finance, Politics, Entertainment, in-depth broadcasts on Stock News, Market Analysis and Company Interviews. A pioneer in the financially driven digital space, video production and integration of social media, FinancialBuzz.com creates 100% unique original content. FinancialBuzz.com also provides financial news PR dissemination, branding, marketing and advertising for third parties for corporate news and original content through our unique media platform that includes Newswire Delivery, Digital Advertising, Social Media Relations, Video Production, Broadcasting, and Financial Publications.
FinancialBuzz.com is not a financial advisory or advisor, investment advisor or broker-dealer and do not undertake any activities that would require such registration. The information provided on http://www.FinancialBuzz.com (the 'Site') is either original financial news or paid advertisements provided [exclusively] by our affiliates (sponsored content), FinancialBuzz.com, a financial news media and marketing firm enters into media buys or service agreements with the companies which are the subject to the articles posted on the Site or other editorials for advertising such companies. FinancialBuzz.com has not been compensated directly by any of the companies mentioned here in this editorial unless mentioned otherwise. We are not an independent news media provider and therefore do not represent or warrant that the information posted on the Site is accurate, unbiased or complete. FinancialBuzz.com receives fees for producing and presenting high quality and sophisticated content on FinancialBuzz.com along with other financial news PR media services. FinancialBuzz.com does not offer any personal opinions, recommendations or bias commentary as we purely incorporate public market information along with financial and corporate news. FinancialBuzz.com only aggregates or regurgitates financial or corporate news through our unique financial newswire and media platform. For ucloudlink group inc. video production, filming editing, news reporting, financial and corporate news dissemination, FinancialBuzz.com has been compensated five thousand dollars by the company. Our fees may be either a flat cash sum or negotiated number of securities of the companies featured on this editorial or site, or a combination thereof. The securities are commonly paid in segments, of which a portion is received upon engagement and the balance is paid on or near the conclusion of the engagement. FinancialBuzz.com will always disclose any compensation in securities or cash payments for financial news PR advertising. FinancialBuzz.com does not undertake to update any of the information on the editorial or Site or continue to post information about any companies the information contained herein is not intended to be used as the basis for investment decisions and should not be considered as investment advice or a recommendation. The information contained herein is not an offer or solicitation to buy, hold or sell any security. FinancialBuzz.com, members and affiliates are not responsible for any gains or losses that result from the opinions expressed on this editorial or Site, company profiles, quotations or in other materials or presentations that it publishes electronically or in print. Investors accept full responsibility for any and all of their investment decisions based on their own independent research and evaluation of their own investment goals, risk tolerance, and financial condition. FinancialBuzz.com. By accessing this editorial and website and any pages thereof, you agree to be bound by the Terms of Use and Privacy Policy, as may be amended from time to time. None of the content issued by FinancialBuzz.com constitutes a recommendation for any investor to purchase, hold or sell any particular security, pursue a particular investment strategy or that any security is suitable for any investor. This publication is provided by FinancialBuzz.com. Each investor is solely responsible for determining whether a particular security or investment strategy is suitable based on their objectives, other securities holdings, financial situation needs, and tax status. You agree to consult with your investment advisor, tax and legal consultant before making any investment decisions. We make no representations as to the completeness, accuracy or timeless of the material provided. All materials are subject to change without notice. Information is obtained from sources believed to be reliable, but its accuracy and completeness are not guaranteed. For our full disclaimer, disclosure and Terms of Use, please visit: http://www.financialbuzz.com
Media Contact:
[email protected]
+1-877-601-1879
www.FinancialBuzz.com
SOURCE FinancialBuzz.com
![](https://rt.prnewswire.com/rt.gif?NewsItemId=IO19444&Transmission_Id=202207180900PR_NEWS_USPR_____IO19444&DateId=20220718)
Share this article