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Data Center Cooling Market Value Projected to hit around US$ 11.97 Billion by 2026

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Pune, India, Oct. 05, 2021 (GLOBE NEWSWIRE) — The worldwide data centers cooling market size is projected to arrive at USD 11.97 billion by 2026. The expanding industrialization across the world will set out a few development open doors for organizations working in this market. As per a report distributed by Fortune Business Insights, named “Server farm Cooling” Market Size, Share and Industry Analysis, By Product (Air Conditioners, Precision Air Conditioners, Chillers, Air Handling Unit, and Others), By Data Center Type (Large Scale DC, Medium Scale DC, and Small Scale DC), By Cooling Technique (Room Based Cooling, Rack Based Cooling, and Row Based Cooling), By Industry (BFSI, IT and Telecommunication, Manufacturing, Retail, Healthcare, and Others) and Regional Forecast, 2019-2026,” the market size was USD 6.27 billion of every 2018 and will display a CAGR of 8.5% during the conjecture time frame, 2019-2026.

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List of Key Companies in Data Center Cooling Market:

  • ABB Ltd.
  • Airedale Air Conditioning
  • Asetek, Inc.
  • Black Box Corporation
  • Commscope
  • Cormant, Inc.
  • Device42, Inc.
  • Emerson Electric Co.
  • FNT GmbH
  • Nlyte
  • Nortek Air Solutions, LLC
  • Optimum path Inc.
  • Panduit
  • Rackwise
  • Schneider Electric
  • Sunbird Software, Inc.
  • Vertiv Group Corp

Report Scope & Segmentation

Report Coverage Details
Forecast Period 2019 to 2026
Forecast Period 2019 to 2026 CAGR 8.5%
2026 Value Projection 11.97 Billion
Base Year 2018
Market size in 2018 6.27 Billion
Historical Data for 2015 to 2017
No. of Pages 160
Segments covered Product, Data Center Type, Cooling Technique, Industry and Geography
Growth Drivers Growth in 5G technology, penetration of big data and IoT market
Increasing application areas of digital services sites and social media platforms
North America to Witness Considerable Growth; High Investments in Product Development to Aid Growth
Increasing Number of Product Launches Will Aid Growth

Data Center Cooling Market Landscape and Market Scenario Includes:

  • Current market size estimate
  • Revenues by players Top Companies
  • Market size by product categories
  • Market size by regions/country

Click here to get the short-term and long-term impact of COVID-19 on this Market. Please visit: https://www.fortunebusinessinsights.com/industry-reports/data-center-cooling-market-101959

Key Market Driver –

  • Growth in 5G technology, penetration of big data and IoT market
  • Increasing application areas of digital services sites and social media platforms

Key Market Restraint –

  • Need to obtain authorization from concerned government authority for using modular data center systems and rising cyber-crimes involving risk in handling confidential company data risks

Regional Insights

North America to Witness Considerable Growth; High Investments in Product Development to Aid Growth

The report breaks down the progressing server farm cooling market patterns across North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Among these locales, the market in North America will arise predominantly in the coming years. The developing interest in server farms by enormous scope organizations situated in the United States will help the development of the market in this area. Other than North America, the market in the Asia Pacific will observe impressive development in the coming years, inferable from the presence of a few huge scope organizations across this district.

Server farms are actual organization drives that store enormous information for organizations and related associations. The continually rising IT area has given a monstrous potential to the development of the market lately. The gigantic interests in the improvement of existing frameworks, just as the accentuation on joining fresher innovations, will straightforwardly affect the development of the Data Center Cooling market. The advantages offered by information cooling focuses have prompted a more extensive item appropriation. They help maintain a strategic distance from information misfortunes and hence limit monetary misfortunes. The expanding reception of server farms by driving organizations across the world will straightforwardly affect the development of the market.

The report gives a top to bottom investigation of the worldwide server farm cooling market. It features the most recent item dispatches and late advancements on the lookout and states their effect on the development of the market. The serious scene has been examined in detail and forecasts are made regarding driving organizations and items in the coming years. Conjecture esteems have been accommodated in the market for the time of 2021-2027. The authentic figures have been gotten through confided in sources. In addition, these expectations are made based on broad examination investigation strategies, combined with the assessments of experienced statistical surveying experts.

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Increasing Number of Product Launches Will Aid Growth

The report encompasses several factors that have contributed to the growth of the market in recent years. Due to the huge potential held by the Data Center Cooling market, several companies are looking to better their existing portfolios. In August 2021, Schneider Electric announced the expansion of its data center solutions portfolio with the integration of enhanced and digitized versions of critical facility operations. These solutions are specifically designed for large data center operators. With benefits such as increased operational efficiency, lower risk, and maximum uptime, and efficient IT planning, the product is wet to witness huge demand in the coming years.

Key Industry Developments

  • November 2021: Huawei Technologies Co., Ltd. introduced an advanced cloud modular data center in South Africa, which would be available by the end of 2021. Similarly, in January 2021, the company opened a new data center switch that is powered and backed by an artificial intelligence (AI) chip. This advanced data center is developed with an aim to optimize the overall performance and reduce latency to near zero.

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Major Table of Contents:

  • Introduction
    • Definition, By Segment
    • Research Approach
    • Sources
  • Executive Summary
  • Market Dynamics
    • Drivers, Restraints, and Opportunities
    • Emerging Trends
  • Key Insights
    • Macro and Micro Economic Indicators
    • Consolidated SWOT Analysis of Key Players
    • Porters Five Forces Analysis
  • Global Data Center Cooling Market Analysis, Insights and Forecast, 2015-2026
    • Key Findings / Summary
    • Market Size Estimates and Forecasts
      • By Product (Value)
        • Air Conditioners
        • Precision Air Conditioners
        • Chillers
        • Air Handling Unit
        • Others (Air Economizers, Heat Rejection and Others)
      • By Data Center Type (Value)
        • Large Scale DC
        • Medium Scale DC
        • Small Scale DC
      • By Cooling Technique (Value)
        • Room-based Cooling
        • Rack-based Cooling
        • Row-based Cooling
      • By Industry (Value)
        • Banking, Financial Services, and Insurance
        • IT and Telecom
        • Manufacturing
        • Retail
        • Healthcare
        • Others (Government & Defence, Energy, and Others)
      • By Geography (Value)
        • North America
        • Europe
        • Asia Pacific
        • The Middle East and Africa
        • Latin America

TOC Continued….!

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Fortune Business Insights™ delivers accurate data and innovative corporate analysis, helping organizations of all sizes make appropriate decisions. We tailor novel solutions for our clients, assisting them to address various challenges distinct to their businesses. We aim to empower them with holistic market intelligence, providing a granular overview of the market they are operating in.

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Artificial Intelligence

VIVOTEK Launches Successful Make Tomorrow Easier, Today! Vision During ISC West 2024

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TAIPEI, April 18, 2024 /PRNewswire/ — VIVOTEK (3454-TW), the global leading IP security solution provider, announces that last week’s 2024 ISC West trade show in Las Vegas was a tremendous success as it unveiled the 2024 theme Make Tomorrow Easier, Today! to partners, attendees, and the media. Make Analytics Easier, Make Cloud Easier, Make Search Easier, and Make Integration Easier were the core essential components of the 2024 theme, and both the booth staff and visitors were very busy discussing its vision throughout the show. This also demonstrates that VIVOTEK’s AI security solutions and cloud-based service VORTEX attracted interests by many customers for their rich versatility in applications.

From the outset, it was clear that this year’s ISC West was going to surpass previous editions. There were more engagements, and these engagements lasted longer than the past as attendees and the media were hyper-focused on VORTEX, its new camera solutions, AI integration, re-launch of VIVOTEK Premium Partner Program, additional technology solutions, and the roll-out of the 2024 theme.
AI has quickly become a priority in the security industry, and it was a focal point of VIVOTEK’s strategy during the show as well. During its many sales and marketing meetings at ISC West, discussions primarily revolved around how to integrate AI into the product lines and software platforms, much to the gratification of its partners who are seeing a quickly growing need for this technology to satisfy their customers’ needs.
As many of its customers may know by now, VIVOTEK recently entered into an integration partnership with Kisi, a modern cloud-based access control solution based in Brooklyn, New York. This partnership aims to secure physical spaces dedicated to providing a seamless and efficient user experience, making Kisi ideally suited as a VIVOTEK partner. During ISC West, VIVOTEK provided Kisi with a station in the booth to perform demonstrations, which proved to be very popular during the show.
Throughout the event, VORTEX remained a central focal point and rapidly gained popularity among partners since its launch. This was evident throughout the show as the VORTEX station was continuously used for strategic demonstrations. As for the theme, attendees commended on how much they liked this year’s booth layout, how the message of “Making Tomorrow Easier, Today” was delivered in every stations, how accessible the staff was in meeting with them, and how much they enjoyed the partner reception party.
VIVOTEK’s commitment to innovation and customer-centric solutions shone brightly at ISC West, as evident in the overwhelmingly positive feedbacks it received from partners, end users, media, and even other exhibit manufacturers. VIVOTEK extends heartfelt thanks to everyone who contributed to making this year’s ISC West a tremendous success. We look forward to making next year’s ISC West even better!
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Artificial Intelligence

aiOla’s Speech AI Technology Outperforms OpenAI’s Whisper in Recognizing Jargon

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aiOla’s model automates the creation of customized processes and workflows for conducting reports and inspections across industries such as manufacturing, supply chain and logistics, pharma, and more
TEL AVIV, Israel, April 18, 2024 /PRNewswire/ — aiOla, an AI-powered technology that automates business workflows by capturing spoken data, has announced a major milestone in speech recognition. aiOla’s solution, powered by a novel keyword spotting model, has advanced to match human proficiency in understanding industry-specific jargon. The patented AdaKWS model achieved 95% accuracy in keyword spotting, surpassing OpenAI’s industry-leading Whisper model which reached 88% accuracy.

Keyword spotting is an essential aspect of speech recognition that tackles the problem of identifying jargon by detecting predefined words and phrases. “Think about a courier delivery where your package arrives damaged. The courier needs to file a report using specific codes and acronyms that describe the situation — those codes and acronyms are keywords. Industry jargon is everywhere and in many fields, it dominates communication, comprising up to half of workers’ speech,” said aiOla’s CEO and co-founder, Amir Haramaty. “The ability to spot keywords enables automation of everyday processes across a wide range of industries, from filing a parcel damage report to completing a safety inspection in a food manufacturing plant, transforming speech into actions.”
aiOla’s process automation applications can accurately understand speech, jargon and acronyms across over 100 languages, regardless of accents and background noises. aiOla achieves this by combining its state-of-the-art keyword spotting model with a speech recognition model. The onboarding process takes mere hours: clients provide examples of their checklists or forms, and aiOla automatically generates custom language models for the use case. Workers are then able to complete their operations verbally using the aiOla app while keeping their eyes and hands on the equipment. aiOla’s exceptional ability to spot rare industry terms with high accuracy allows the platform to easily distinguish between speech related to work processes and everyday conversation.
The app leverages a proprietary model that was developed by aiOla’s team of scientists to recognize a predefined list of keywords within speech. This enables aiOla’s solution to be instantly adapted to the jargon of any industry without needing to retrain its AI model. On a benchmark of keyword and jargon detection that includes 16 languages, Whisper’s largest model yields 88% accuracy compared to aiOla’s model achieving 95% accuracy. Additionally, in a recent benchmark which is composed of hard-to-detect keywords taken from English language audiobooks, the CED model from a team of Apple researchers yields 92.7% whereas aiOla’s AdaKWS reaches 95.1% accuracy.
“Keyword spotting poses significant challenges due to the scarcity of training data, especially across diverse languages and dialects. It typically requires industry-specific fine-tuning to enable models to recognize jargon not commonly found in everyday speech,” said aiOla’s Chief Scientist, Professor Joseph Keshet. “Our model consistently surpassed the OpenAI Whisper baselines by a significant margin, achieving a substantial improvement compared to the top-performing baseline. Furthermore, our model is far more efficient, using 15x fewer parameters.”
To learn more about aiOla’s technology visit: https://aiola.com
Explore aiOla’s keyword spotting research: https://arxiv.org/pdf/2309.08561.pdf
About aiOla:
aiOla’s patented technology comprehends over 100 languages, and discerns jargon, abbreviations and acronyms, demonstrating a low error rate even in noisy environments. aiOla’s technology converts manual processes in critical industries into data-driven, paperless, AI-powered workflows through cutting-edge speech recognition.

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Artificial Intelligence

AMN utilises SpaceX’s Starlink Constellation to Connect Rural Villages in Nigeria

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LONDON, April 18, 2024 /PRNewswire/ — AMN is pleased to announce that the first AMN base station is now live using LEO backhaul from SpaceX’s Starlink. In 2023, AMN announced a commercial agreement to use Starlink, SpaceX’s constellation of satellites in low Earth orbit, to connect AMN’s mobile network base stations with high-speed, low-latency broadband services.

By utilising Starlink terminals to provide low-latency satellite backhaul, we are able to deliver the full capability of AMN’s unique multi-carrier radio access node (the ARN) with 3G and 4G as well as 2G, with ever-increasing amounts of bandwidth and data volumes demanded by subscribers whilst remaining economically sustainable. The LEO backhaul also paves the way for AMN to deliver 5G services, targeted before the end of 2024.
AMN began rolling out rural base stations in Nigeria in 2018, and the company now owns and operates 1600 base stations across the country. Yebu was the first rural community to be connected using AMN’s ubiquitous solar powered base station. The village is located approximately 80km from Abuja, but can take four hours to reach due to road conditions. Yebu is predominantly an agricultural community, with a market offering local farmers the opportunity to sell their goods.
Since connecting the community in November 2018, AMN has processed more than 9 million voice minutes in Yebu, with significant growth in 2022 and 2023 following the BTS upgrade to AMN’s own radio node (ARN). AMN became an OEM for RAN equipment in 2020 following the acquisition of Range Networks, and now operates more than 1200 ARN across Africa and Latin America. The impact of this strategic move is clear in Yebu. In 2023, the site processed almost three times the amount of traffic than it did in 2020.
“Yebu community was left behind and blind but the coming of Africa Mobile Networks in 2018 has made us to achieve a lot of things like police division station, 24 hours solar light and steady communication all over the world. Before then there was nothing like those things listed.” – Salihu, on behalf of the Yebu community
AMN believes that all communities of any significant size should have access to telecommunication services to benefit the population educationally, economically and socially. AMN has deployed over 4000 base stations across Africa and Latin America. Installation of new sites continues throughout 2024 in Nigeria, DRC, Cameroon, Madagascar, Ivory Coast, Benin and Rwanda. At AMN, we appreciate that any solution to close the digital divide must be economically sustainable and offer a service of the same quality as in urban areas. From designing and manufacturing our own BTS, uniquely developed for the solar-powered rural site, to offering cutting-edge backhaul solutions, we are committed to bringing high quality connectivity to those living in rural and ultra-rural areas.
CONTACT: Jennifer Darcy, [email protected], +44 1908 394482
 

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