Artificial Intelligence
Data Center Colocation Market Size to Outstrip $136,647.9Mn by 2028 Growth Projections at 15.3% CAGR During 2021 to 2028 COVID Impact and Global Analysis by TheInsightPartners.com
New York, Oct. 06, 2021 (GLOBE NEWSWIRE) — Data Center Colocation Market: Key Insights
According to our latest market study on “Data Center Colocation Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Type, Enterprise Size, and Application,” the Data Center Colocation Market Size was valued at US$ 50,579.1 million in 2021 and is projected to reach US$ 136,647.9 million by 2028; it is expected to grow at a CAGR of 15.3% from 2021 to 2028.
Data Center Colocation Market: Competitive Landscape and Key Developments
Equinix Inc.; IBM Corporation; AT&T Inc.; Cyxtera Technologies, Inc.; Digital Realty Trust LP; CoreSite Realty Corporation; CyrusOne, Inc.; QTS Realty Trust, Inc.; 365 Data Centers; and UnitedLayer are among the key players that were profiled during this market study. In addition to these players, several other important market players were studied and analyzed during the course of this market research study to get a holistic view of the global data center colocation market and its ecosystem.
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In June 2021, CoreSite Realty Corporation—a leading provider of secure, high-uptime data center campuses with high-performance cloud access and interconnection solutions across the US—recently released its 2021 State of the Data Center Report in collaboration with IDG Communications. The newest data center trends, strategies, requirements, and other results from an annual quantitative survey and in-depth interviews with top IT decision-makers are examined in this yearly study.
A colocation facility, often referred to as a colo, is a data center where an enterprise can rent space for servers and other equipment; however, a data center colocation provider manages these servers and equipment. The colocation firms offer the building, power, cooling, bandwidth, and physical security. Enterprises can lease space by the cabinet, rack, cage, or room. Being one of the popular alternatives to traditional hosting, data center colocation facilities house multiple businesses (multitenant) that may only need one or two server racks. Moreover, unlike the data centers connected to the big-name cloud vendors such as Google, Amazon, and Microsoft, most colocation data centers are often located in big metropolitan areas.
Beneficial features offered by data center colocation—such as lower costs compared to building one’s own facility, reduction in the number of technical processes, easy scalability, highest specification backup power generators, excellent physical security, and multiple network connections—are significantly bolstering the growth of the market. Versatile colocation facilities accommodate a wide range of customer needs by incorporating older legacy equipment and the latest in high-density server technology. It ensures 24x7x365 remote services to keep systems up and running regularly. Colocation data centers build hybrid and multi-cloud architectures to enhance data security and cloud flexibility, boosting the market growth.
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In Europe, there has been a significant percentage growth in the businesses migrating to the cloud. EU enterprises are using cloud computing for e-mail and file storage. Finland, Sweden, Denmark, and the Netherlands are among the major countries using cloud computing services. An increase in the adoption of cloud computing in the UK and Germany, along with several investments from the cloud and hyperscale providers such as Facebook, Google, and Apple, is anticipated to boost the growth of the data center colocation market in Europe. Further, the growth of edge computing, 5G, and the industrial internet of things (IIoT) has increased the demand for data security. This has increased European data compliance rules, thereby acting as a driver for the market. Rising adoption of big data and IoT for innovative initiatives and increasing projects such as Smart Cities are driving the data center colocation market in the region.
Artificial Intelligence is anticipated to bring about lucrative growth opportunities for the data center colocation market. AI in data centers protects networks, filters alerts, and moves workloads. The rise of AI compute as a service is anticipated to affect the data center colocation market positively. The increase in automation and robotics to install servers and manage disk storage and interconnection is also bolstering the market’s growth. Data center colocation providers are focusing on innovation and energy-efficient solutions to address both customers and regulatory requirements. The shift toward sustainable energy consumption is bolstering the growth of edge computing. The global rise in data use, the advent of 5G, and a long-term remote workforce are projected to drive the demand for edge computing. Enterprises are adopting AI to meet business challenges, including increasing efficiency, in-depth predictive analysis, and improving customer experience. AI-ready data center colocation facilities are utilizing graphics processing units (GPUs) to accelerate applications’ processing opportunities. Thus, companies such as NVIDIA are offering DGX-1 servers with GPUs with Deep Learning and increased performance levels that provide increased opportunities for enterprises to cater to their business objectives.
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Data Center Colocation Market: Industry Overview
Based on industry, the market is segmented into IT & telecom, BFSI, healthcare, retail, and others. In 2020, the IT & telecom segment accounted for the largest share in the market.
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HONG KONG, May 27, 2024 /PRNewswire/ — Computime Group, a leading innovator in manufacturing, branded products and technology solutions, is proud to announce the upcoming launch of one of the first true Matter thermostats. This milestone highlights our commitment to pioneering smart home technology and providing our OEM and ODM customers with state-of-the-art solutions.
Matter is set to revolutionize the Internet of Things (IoT) landscape as the next-generation standard for connected devices. Developed by the Connectivity Standards Alliance, Matter offers an open, universal protocol that is not bound to any single ecosystem, providing consumers with unparalleled freedom and flexibility. It ensures privacy-sensitive, secure, and reliable local controls without the need for cloud dependency, addressing the growing demand for enhanced privacy and security in smart home devices.
The key principles driving Matter’s development include simplicity, reliability, interoperability, and security. By ensuring that all Matter-certified devices work seamlessly together, Matter eliminates the complexities often associated with smart home technology. This leads to greater compatibility, easier setup, and more robust user experiences across various device types, including thermostats.
Computime’s Matter thermostat represents a significant advancement in smart home technology, providing our customers with cutting-edge solutions and a short lead time to market, to meet the growing demand for interconnected and efficient home environments. We invite our customers to explore the capabilities of our new thermostat solutions. Computime’s extensive expertise in developing and manufacturing smart home devices ensures that our customers receive high-quality, reliable products with a short lead-time that stand out in the competitive market.
CONTACT: Computime Group, [email protected]
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MADRID, May 27, 2024 /PRNewswire/ — Global Voice Group (GVG) now features as one of the top 100 Africa-focused innovative RegTech organizations that are set to power Africa to a $1 billion market size by 2025.
This acknowledgment bears witness to GVG’s compliance monitoring capabilities within the Mobile Money (MM) ecosystem. GVG developed the Mobile Money Monitoring (M3) solution, an intelligent data platform that supports East African regulatory authorities in monitoring the fast-expanding MM market. Through M3, the authorities can ensure the security and integrity of the related financial transactions, as well as transparency and compliance, for enhanced revenue assurance. M3 currently monitors approximately 25% of the financial flows passing through MM platforms in East Africa, verifying over 90 billion USD worth of transactions annually.
Moreover, the platform is also in use in Central and West Africa, in the Republic of Congo and in Ghana. In Congo, M3 has brought the local telecommunications regulator, the ARPCE, 100% visibility and control over all utility payments made via Mobile Money to the government. In Ghana, it has contributed to an average annual growth of 20% in revenue since its deployment. Overall, M3 has captured, verified and analyzed 1 trillion USD in MM transaction value since 2014.
After demonstrating the relevance, effectiveness, and innovation of the M3 solution to the jury, composed of recognized leaders of the Regtech industry, GVG was shortlisted and, following the voting phase, earned a place on the prestigious list. The M3 platform uses machine learning to ensure effective oversight of the MM market, ensure regulatory compliance and detect suspicious transactions. Since its first implementation in 2013, GVG’s M3 solution has provided the relevant regulatory authorities with reliable MM ecosystem metrics to support data-driven decision-making, promote compliance within the market, and reduce fraud and revenue leakage.
Responding to the announcement, James Claude, GVG’s CEO, declared: “It is with a great sense of achievement that I see GVG featuring among the 100 top RegTech providers in Africa. On behalf of the whole company, I sincerely thank Africa RegTech Horizon, as well as our voters, for supporting us in what we do best: providing governments and regulatory authorities with the market insights they need to address the challenges related to the fast-expanding financial ecosystem.”
The Africa RegTech Horizon-100 list is a directory of African RegTech companies and solution providers compiled to showcase the products and services of the latter, as well as assist financial institutions, regulators, and governments in identifying high-performing and trustworthy RegTech providers.
About GVG
Founded in 1998 and present in 11 countries, Global Voice Group is a global provider of ICT and RegTech solutions for governments and regulatory bodies. GVG assists governments and authorities, through Big Data analytics, in their digital transformation and the effective promotion of compliant and truly inclusive digital ecosystems. The company monitors, collects and analyses data from crucial economic sectors and turns it into actionable information. We promote data-driven decision-making.
Discover GVG’s website: www.globalvoicegroup.com
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Artificial Intelligence
Unlock an Exclusive Olympic Experience: Celebrating Live4Well’s Sold-Out Genesis NFT
HONG KONG, May 25, 2024 /PRNewswire/ — The buzz surrounding Live4Well’s successful Genesis NFT membership launch on May 23 has captivated both traditional and web3 communities. Combining the power of AI technology and decentralized physical infrastructure (DePin) concept, Live4Well has infused new life into the NFT market. The overwhelming response to their first NFT sales, showcases the project’s immense potential. Renowned web3 community leaders from Azuki, Bored Ape, Pudgy Penguins, WELL3, etc have joined forces with Live4Well, propelling the Genesis NFT membership collection to its resounding success.
Live4Well aims to transform the wellness industry by creating a reward-based infrastructure that connects global fitness data, enhances their AI database, and drives the development of sports and wellness. Backed by a multi-billion family office, which recently invested $20 million in Live4Well, the project has gained support in both web3 and traditional spaces. The team believes that every drop of sweat and effort toward better health should be rewarded, fostering motivation and integrating exercise into daily lives for enhanced well-being.
Live4Well’s announcement of an Olympic-themed raffle for Genesis NFT holders reflects their commitment to connecting wellness between Web2 and Web3 platforms. This testament to Live4Well’s demand and innovative vision solidifies their position as a promising leader in the industry. Their integration of the Olympic signifies their determination to inspire a global audience, leveraging blockchain technology to create an immersive ecosystem that revolutionizes how individuals engage with fitness on a daily basis for better health. Live4Well’s dedication to bridging the gap between traditional practices and the digital landscape sets them apart as pioneers in promoting well-being on a global scale.
What is Genesis NFT membership?
The Genesis NFT unlocks a multitude of benefits for holders, including the opportunity to cash out their sportive income and access a range of exclusive physical products and services. In addition to future airdrops and angel round whitelist privileges, Genesis holders will receive VIP tailor-made product packs from an innovative German sportswear company, elevating their exercise performance to new heights. With over 400 million sweat points farmed by their users, they are eager to redeem through the Genesis NFT membership. These enticing incentives explain why there was a widespread eagerness to participate in this thrilling event.
Unlike typical projects that raise funds before launching products or services, Live4Well has already released its AI-powered app, amassing over 250,000 users as a community base actively engaging in daily exercise. This early success has fostered a promising community within the wellness industry, as users trust Live4Well’s roadmap and collaborative ventures. The growing traction from both ordinary individuals and web3 enthusiasts has intensified the demand for redeeming and cashing out sweat points, the project’s exercise-based rewards. Obtaining the Genesis NFT membership is now seen as an essential step for accessing the highest tier of benefits and cashing out sportive income.
What’s next for Live4Well?
Following the Genesis sales, Live4Well’s team will shift their focus to the upcoming token generation event (TGE) and a series of farming events. They also have exciting plans for partnerships and other collaborations in the global wellness and fitness industries. If you missed the initial launch, be sure to stay updated on Live4Well’s journey and join this extraordinary revolution.
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