Lumen Technologies ( LUMN Quick Quote LUMN - Free Report) has announced the expansion of Edge Computing Solutions in Europe by investing in the global Edge network.
This expansion is a component of Lumen's ongoing investment in cutting-edge solutions that modernize digital experiences and meet the requirements of enterprises. The company aims to transform its business operations through product evolution and digitization of customer interactions.
The edge infrastructure and services offer a wide array of solutions to support enterprise innovation and applications of the Fourth Industrial Revolution. These include Lumen Edge Bare Metal, Lumen Network Storage, Lumen Edge Private Cloud and Lumen Edge Gateway.
Businesses may now deploy data-intensive workloads and applications that require low latency at the cloud edge, thanks to edge computing. With increased capacity to power enhanced digital experience, this offers optimum performance and dependability.
Customers can now leverage the Lumen platform to concentrate their efforts on creating and launching applications instead of spending time on infrastructure deployment.
The company has also enabled an additional 100G MPLS and IP network connectivity and improved power and cooling at key edge data center locations as part of the current expansion.
Lumen Edge Computing Solutions meet approximately 70% of enterprise demand in Germany, Belgium, the U.K., France and the Netherlands within 5 milliseconds of latency. It also provides 97% of enterprise demand in the United States, per company reports.
Per a report from
markets and markets, the edge computing market size is expected to grow from $36.5 billion in 2021 to $87.3 billion by 2026, at a CAGR of 19.0%
Customers can purchase Lumen Edge Computing Solutions online and have access to the platform in one hour.
On Jan 21, 2022, Lumen
announced a network services contract worth more than $1.2 billion from the U.S. Department of Agriculture (“USDA”). Lumen platform's edge computing architecture will aid USDA in collecting and analyzing data closer to the edge of the network with secure remote access. As a result, this will significantly save bandwidth and minimize latency.
Lumen currently carries a Zacks Rank #3 (Hold). Shares of the company have lost 17.8% compared with the
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