Artificial Intelligence
The data center cooling market was valued at USD 8.07 billion in 2019 and is expected to reach a value of USD 16.62 billion by 2025 at a CAGR of 12.5% during the forecast period 2020-2025
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New York, Nov. 24, 2020 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Data Center Cooling Market – Growth, Trends, Forecasts (2020 – 2025)” – https://www.reportlinker.com/p05821472/?utm_source=GNW
– Development in IT Infrastructure in emerging countries is driving the market. The increasing construction of hyperscale facilities with a power capacity of over 50 MW will fuel the need for innovative infrastructure in the market over the next few years globally in developed countries. According to the National Association of Software and Services Companies (NASSCOM), IT exports from India may exceed USD 330 billion by 2019-20. This accounts for nearly 14% of the projected worldwide spend if India maintains its current share of the global offshore IT market. Key Market Trends – The IT industry needs on-premise private data storage centers and hyperscale data centers for its operations according to the size of the organization. Additionally, the adoption of cloud storage has increased over the years due to growth in SaaS providers, which is enabling cloud storage providers to expand their capacities and is expected to increase the demand for data center cooling systems. Asia-Pacific to Register a Significant Growth – Asia-Pacific to witness high market growth in the future. China is one of the major markets for data center cooling solutions, owing to the exponential growth in the number of data centers in the country, along with the government’s policies to support more energy-efficient infrastructure in the country. Competitive Landscape Reasons to Purchase this report: About Reportlinker __________________________
– The estimates by various sources suggest that the data center accounts for 2% to 5% of the global Green House Gas (GHG) emissions. The cooling systems are responsible for almost 40% of the power consumption in a data center. Companies are trying to tackle this issue by setting up Green data centers which use Free air cooling systems instead of traditional Air conditioners. The growing trends toward the deployment of green data centers for storing, managing, and distributing information helped many software companies reduce energy consumption and the total energy cost.
– As the hyperscale providers roll out their services more widely across the Europe region, the rate of hyperscale procurement of data center capacity in many other European cities would increase rapidly. Hence, markets, such as Madrid, Milan, Warsaw, and Zurich would witness a substantial increase in colocation activity. Equinix announced a new joint venture with GIC to develop and operate hyperscale data centers in the Europe region. For the past many years, an important trend has been the expansion of large-scale facilities to support the growth of hyperscale companies, including the largest cloud service providers.
– However, adaptability requirements and power outages are challenging the market to grow.A typical data center cooling system must be pre-engineered, standardized, and modular. It is required to be scalable and flexible to meet the needs of the data center. This is very difficult in today’s world with companies looking to cut costs and not willing to spend much on the high-end customized cooling systems.
Information Technology Industry to Witness Highest Growth
– Cloud storage providers, like Microsoft, AWS, and Google, are expanding their storage capabilities to offer more efficient work-flow on the cloud. These companies are making investments in hyperscale deals. In May 2018, Google announced that it was adopting liquid cooling systems for AI data crunching, as the heat generated its new tensor processing units (TPUs) exceeded the limits of its previous data center cooling solutions.
– Moreover, CloudHQ stated that, by 2022, the industry is expected to get the 350-megawatt storage campuses. In 2018, the company signed a 72-megawatt lease in Ashbum, which is the largest in the data center history.
– In February 2018, the second-largest grocery chain in America, Albertsons Companies, announced the adoption of cloud storage service from Microsoft to improve the retail experience. With this, the company planned to leverage the cognitive analytics, AI, and data science capabilities from Microsoft. Such advancements among top retailers are expected to launch new data center establishments which will drive the demand of data center cooling market.
– According to the report on Energy Consumption of Data Centers in China, the current numbers of small- and medium-sized data centers in China exceeded 400,000, and the annual total power demand reached 100 billion kWh, i.e., around 250,000 kWh for each data center, annually. Also, the rising trend of data localization in the country may further promote the development of data centers.
– Furthermore, the healthcare industry in Asia was expected to increase by 11.1% in 2018. This significant growth is driven by the increasing adoption of digital technologies, innovative healthcare access programs, and the delivery of care outside of traditional hospital settings. In June 2018, China’s Guizhou Province launched a healthcare data center. Its plan to set up a national healthcare data network is approaching a major milestone, with the first of the five specialist data centers coming online.
– The growing demand for liquid cooling systems for data centers in the domestic market is also fueling foreign players to invest in the Japanese data center cooling market. For instance, a distributed data center company, Cloud&Heat Technologies, has shipped a container-based system to a Japanese vendor who plans to sell the German firm’s liquid-cooled offerings in the local market.
– Moreover, in July 2019, Equinix, Inc. announced the opening of its eleventh IBX data center TY11 in Japan. It has deployed energy-efficient lighting systems, adaptive control systems that reduce power consumption and increases cooling capacity through active airflow management, and cold aisle containment that reduces energy consumption and enhances cooling.
– Enterprises in the market are concerned about water consumption and efficiency, in terms of cooling and energy consumption, of the chillers. However, vendors are focusing on upgrading their offerings, in order to overcome such hurdles. For example, Prasa deployed intelligent chiller boosters in the cooling systems of data centers, primarily for supercomputers in the Ministry of Earth Sciences, Government of India. This system decreased electricity consumption by nearly 38% and increased cooling efficiency by 43%.
The data center cooling market is fragmented as the benefits offered by the technology and support from the government by imposing efficiency regulations on data centers are expected to directly help the growth of the data center cooling market. Market penetration is growing with a strong presence of major players in established markets and with the increasing focus on innovation, the demand for new technologies is growing, which, in turn, is driving investments for further developments. Key players are Vertiv Co., Schneider Electric SE, STULZ GMBH, etc. Some of the key developments in the market are –
– June 2020 – Asetek announced a collaboration with Hewlett Packard Enterprise (HPE) to deliver its premium data center liquid cooling solutions in HPE Apollo Systems, which are high-performing and density-optimized to target high-performance computing (HPC) and Artificial Intelligence (AI) needs. The integration enables the deployment of high wattage processors in high-density configurations to support compute-intense workloads.
– May 2020 – EcoData Center in Falun, the world’s first climate-positive data center deployed a new method for liquid-based cooling, developed in a collaboration between Schneider Electric, Iceotope and Avnet. The plant in Falun is entirely powered by renewable energy sources attributable to the integration with Falu Energi & Vatten all waste heat is led back to the heating plant. To further reduce energy consumption, a completely new, chassis-based liquid cooling method is now being installed. The method has been developed in a collaboration between the energy specialist Schneider Electric, the cooling technology company Iceotope and the consulting company Avnet, which works with technical integration. Implementation is estimated to reduce energy consumption for rack cooling by up to 90 %and for the entire data center by about 14%.
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Artificial Intelligence
Complyport’s new AI tool – ViCA.Chat – set to revolutionise compliance support services
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LONDON, June 14, 2024 /PRNewswire/ — ViCA.Chat, the Virtual Compliance Assistant powered by AI technology, is set to transform regulatory compliance consulting. Developed by ComplyMAP Group’s AI engineers and Complyport’s compliance consulting teams, ViCA redefines compliance support services and propels governance, risk and compliance consulting into a new era of innovation.
Offering real-time assistance across a vast array of UK and EU regulatory frameworks, ViCA delivers unparalleled efficiency, detail and precision in disentangling and dealing with complicated regulatory frameworks.
The key differentiator of ViCA is its specialised and purposely constructed unique databases that leverage Complyport’s 22 years of regulatory expertise, combined with tailored AI training tools, enabling ViCA to operate as an experienced compliance consultant. A dedicated human support team continuously improves and updates ViCA’s knowledge and responses through a feedback loop process and quality assurance sessions. This powerful symbiosis of AI and human expertise sets ViCA apart and ensures businesses have the latest regulatory information instantaneously and seamlessly.
As a result, ViCA’s specialised regulatory database goes beyond readily available online resources which feature into traditional AI tools. ViCA offers exclusive insights, proprietary regulatory interpretations, historical data, bespoke and purposely structured compliance documentation and templates. With advanced scraping capabilities, ViCA also extracts relevant data from selected websites and publicly available information, ensuring an up-to-date and comprehensive understanding of compliance requirements across industries.
From agile fintech startups to established law firms, financial institutions, regulatory bodies, insurance providers, as well as compliance consultants, ViCA seamlessly adapts to unique compliance needs. Its user-friendly interface ensures navigating and analysing regulatory data is swift and intuitive, streamlining the compliance workflow.
“ViCA is a game-changer in how regulatory compliance advice will be provided in the future”, commented Luis Parra, Managing Director of ViCA. “With ViCA, compliance insights become available to all. No longer are regulated firms and responsible people overly dependent on advisors and compliance consultants. Through ViCA, the financial system will not only meet but exceed regulatory standards. Moreover, the level of information made available to the public will benefit society as a whole, in its interactions with the financial services sector.”
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About ViCA.Chat:
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Artificial Intelligence
LoRa and LoRaWAN IoT Market worth $32.7 billion by 2029- Exclusive Report by MarketsandMarkets™
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CHICAGO, June 14, 2024 /PRNewswire/ — The LoRa and LoRaWAN IoT Market is expected to reach USD 32.7 billion by 2029 from USD 8.0 billion in 2024, at a Compound Annual Growth Rate (CAGR) of 32.4 % during 2024–2029, according to a new report by MarketsandMarkets™.
Browse in-depth TOC on “LoRa and LoRaWAN IoT Market”
320 – Tables 58 – Figures294 – Pages
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Scope of the Report
Report Metrics
Details
Market size available for years
2018-2029
Base year considered
2023
Forecast period
2024–2029
Forecast units
Value (USD Billion)
Segments Covered
Offering, Network Deployment, Application, End User, and Region
Region covered
North America, Europe, Asia Pacific, Middle East & Africa, and Latin America.
List of Companies in LoRa and LoRaWAN IoT
The Bosch Group (Germany), Cisco (US), Orange SA (France), Comcast Corporation (US), Semtech (US), NEC Corporation(Japan), Tata Communications (India), AWS (US), Advantech (Taiwan), SK Telecom (South Korea), Murata (Japan), Kerlink (France), Actility (France), Digi International (US), MultiTech (US), Ezurio (US), Sensoterra (Netherlands), Nwave Technologies (US), RAKwireless (China), TheThings.io (Spain), Datacake (Germany), Milesight (China), LORIOT (Switzerland), Exosite (US), Orbiwise (Switzerland), Netmore Group (Sweden), and Radio Bridge Inc (US).
The LoRaWAN ecosystem influences development of tools, software libraries, and cloud-based platforms that streamline the creation, deployment, and management of IoT solutions. Continuously evolving, this ecosystem boasts a burgeoning array of vendors providing LoRa-compliant devices, gateways, and network management solutions. This vibrant competition within the ecosystem propels innovation while driving down costs for end-users. Moreover, the development of interoperable solutions fosters seamless integration and deployment of LoRaWAN networks, simplifying the implementation process for businesses and organizations. As the ecosystem continues to expand and mature, it empowers developers, system integrators, and IoT enthusiasts to unleash their creativity, accelerate time-to-market, and unlock the full potential of LoRaWAN technology in diverse applications and industries.
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Based on network deployment, the public network segment to hold the largest market size during the forecast period.
The robust security features integrated into public LoRaWAN networks play a significant role in driving the growth and adoption of LoRaWAN technology in the market. End-to-end encryption ensures that data transmitted between devices and gateways is protected from unauthorized access or interception, safeguarding sensitive information such as sensor readings, location data, and command messages. Message integrity checks verify the integrity of data packets, detecting any tampering or alteration during transmission and ensuring data authenticity and reliability. Additionally, mutual authentication mechanisms establish trust between devices and gateways, verifying the identity of both parties before allowing communication to occur. These security measures provide organizations and end-users with confidence in the integrity and confidentiality of their data, mitigating concerns related to data privacy, cybersecurity threats, and regulatory compliance. As a result, implementing robust security features in public LoRaWAN networks enhances trust and credibility in the technology, driving increased adoption and market growth as organizations seek reliable and secure connectivity solutions for their IoT deployments.
By offering, the services segment is expected to hold a higher growth rate during the forecast period.
IoT service providers are pivotal in driving adoption by developing vertical-specific solutions finely tuned to the distinct needs of industries like agriculture, healthcare, logistics, and smart cities. In agriculture, for instance, IoT services offer solutions for precision farming, crop monitoring, and livestock management, enabling farmers to optimize irrigation, monitor soil health, and enhance yields. Similarly, IoT services facilitate remote patient monitoring, asset tracking, and inventory management in healthcare, improving patient care, reducing costs, and ensuring compliance with regulatory standards such as HIPAA. In logistics, IoT services provide real-time tracking of shipments, fleet management, and predictive maintenance, enhancing supply chain visibility, efficiency, and reliability. For smart cities, IoT services offer solutions for traffic management, waste management, energy optimization, and public safety, transforming urban infrastructure and enhancing the quality of life for residents. By addressing industry-specific challenges, compliance requirements, and use cases, vertical-specific IoT solutions deliver tangible business value, driving adoption and fueling the growth of the IoT services market across diverse sectors.
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Asia Pacific is expected to hold a higher growth rate during the forecast period.
In the Asia Pacific region, where agriculture serves as a cornerstone of many economies, adopting IoT technologies, particularly LoRa and LoRaWAN, is revolutionizing traditional farming practices. LoRaWAN’s long-range connectivity and low-power consumption make it well-suited for deployment in rural agricultural settings, where access to reliable connectivity may be limited. Through LoRa-based IoT solutions, farmers can implement precision agriculture techniques to address pressing challenges such as water scarcity, soil degradation, and unpredictable weather patterns. LoRa-enabled sensors facilitate real-time monitoring of soil moisture levels, temperature, and humidity, allowing farmers to optimize irrigation schedules and conserve water resources. Remote sensing technologies powered by LoRaWAN enable farmers to gather actionable insights on crop health, pest infestations, and nutrient deficiencies, facilitating timely interventions and improving overall crop management practices. Furthermore, LoRa-based crop analytics platforms provide farmers with data-driven decision support tools, helping them optimize planting strategies, improve yield forecasting, and mitigate the impact of climate change on agricultural productivity. By harnessing the power of LoRa and LoRaWAN IoT solutions, farmers in the Asia Pacific region can increase yields, conserve resources, and enhance resilience to environmental challenges, driving the adoption and growth of the LoRaWAN IoT market in the agricultural sector.
Top Key Companies in LoRa and LoRaWAN IoT Market:
The major vendors covered in the LoRa and LoRaWAN IoT Market are The Bosch Group (Germany), Cisco (US), Orange SA (France), Comcast Corporation (US), Semtech (US), NEC Corporation(Japan), Tata Communications (India), AWS (US), Advantech (Taiwan), SK Telecom (South Korea), Murata (Japan), Kerlink (France), Actility (France), Digi International (US), MultiTech (US), Ezurio (US), Sensoterra (Netherlands), Nwave Technologies (US), RAKwireless (China), TheThings.io (Spain), Datacake (Germany), Milesight (China), LORIOT (Switzerland), Exosite (US), Orbiwise (Switzerland), Netmore Group (Sweden), and Radio Bridge Inc (US). These players have adopted various growth strategies, such as partnerships, agreements and collaborations, new product launches, enhancements, and acquisitions to expand their footprint in the LoRa and LoRaWAN IoT Market.
Browse Adjacent Markets: Digitalization and Internet of Things (IoT) Market Research Reports & Consulting
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Artificial Intelligence
Scoring a Seat at UEFA EURO 2024™ with Top-Performing AI-Powered TOSHIBA TV Lineup
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