Artificial Intelligence
Contract Cleaning Services Market Projected to Grow at 6.56% CAGR, Crossing US$ 639.5 Billion by 2032; Market.us
<!– Name:DistributionId Value:8826188 –> <!– Name:EnableQuoteCarouselOnPnr Value:False –> <!– Name:IcbCode Value:2790 –> <!– Name:CustomerId Value:1269133 –> <!– Name:HasMediaSnippet Value:false –> <!– Name:AnalyticsTrackingId Value:924ce8d6-4a30-40b9-ab85-df2298e51ed1 –>
New York, April 26, 2023 (GLOBE NEWSWIRE) — The global Contract Cleaning Services Market in terms of revenue was estimated to be worth USD 344.2 Billion in 2022 and is poised to reach 639.5 Billion by 2032, growing at a CAGR of 6.56% from 2023-2032. Business organizations are charged by service providers mainly based on two criteria: the type of service used, and the frequency of the intended service, which can be daily, once per week, every two years, every month, or annually. However, the frequency and cost of using building cleaning services, vary depending on the amount of cleaning to be required. To ensure a green and healthy working environment for their employees, businesses are spending a lot in maintaining a good workplace.
To get additional highlights on major revenue-generating segments, Request a Contract Cleaning Services market sample report at https://market.us/report/contract-cleaning-services-market/request-sample/
Key Takeaway:
- By Service Type, in 2022, the Contract Cleaning Services market was dominated by the Floor & carpet cleaning segment due to its increased usage.
- By end-user, the commercial segment dominated the largest market share.
- In 2022, North America dominated the market with the highest revenue share of 31.7%.
Factors affecting the growth of the Contract Cleaning Services Market?
There are several factors that can have an impact on the growth of Contract Cleaning Services. Some of these factors include:
- Increase In Awareness: One of the major factors influencing the demand for contract cleaning services is an increase in awareness of the sustainability and well-being of the workplace. Cleaning services are now used by many businesses because they offer several advantages, such as comprehensive workplace cleaning and affordable costs. With the development of technology came changes in the contract cleaning sector, from the advent of simple cleaning tools to more smart tools and services. The innovation has contributed to the market’s expansion and importantly enhance cleansing effectiveness. Tools like steam cleansers, low-noise vacuum cleaners, high-grade cleaners, and providers have resulted in efficient and good quality services.
- Green Cleaning Solution: A key market development for contract cleaning services that are fostering their expansion is the use of green cleaning solutions. Cleaning product ingredients that cause allergies and cancer is dangerous for both the ecosystem and workers. Recurrent exposure to these dangerous substances has also been related to cancer, decreased fertility, and symptoms like headaches, allergies, and rashes. As a result, green cleaning methods are spreading like wildfire because they promote sustainability and safeguard the environment.
- Technological Advancements: The desire for cleaning services may be impacted by developments in cleaning technology, including the use of robotics and automation. More businesses might decide to engage in these solutions as technology advances and costs drop, potentially reducing the demand for human cleaners.
To understand how our report can bring a difference to your business strategy, Inquire about a brochure at https://market.us/report/contract-cleaning-services-market/#inquiry
Market Growth
The contract cleaning services market has been experiencing steady growth in recent years, and this trend is expected to continue in the coming years. One of the key drivers of growth in the contract cleaning services market is the increasing demand from the commercial and industrial sectors. The contract cleaning services market is expected to continue its growth trajectory due to increasing demand from various sectors, technological advancements, and the importance of sustainability and eco-friendliness.
Regional Analysis
In 2022, North America would hold a commanding 31.7% revenue share in the global contract cleaning services industry. A significant number of service providers, particularly in the US, define the region. To ensure a sanitary workplace for their employees, the bulk of commercial establishments also have contractual service arrangements with the service providers. Therefore, it is anticipated that the trend of outsourcing cleaning duties will persist, supporting regional market development throughout the predicted time.
Moreover the forecast period, it is expected that the Asia Pacific region will grow significantly. One of the primary reasons anticipated to contribute to the expansion of the regional market is the rising number of unfinished units, which necessitates routine clean-up for proper site management.
For more insights on the market share of various regions – Download a Sample Report
Scope of the Report
| Report Attribute | Details |
| Market Value (2022) | USD 344.2 Billion |
| Market Size (2032) | USD 639.5 Billion |
| CAGR (from 2023 to 2032) | 6.56% |
| North America Revenue Share | 31.7% |
| Historic Period | 2016 to 2022 |
| Base Year | 2022 |
| Forecast Year | 2023 to 2032 |
Market Drivers
- Technological Innovations: There are technological advances in the contract cleaning industry, such as robotic cleaners that are more efficient than traditional methods of cleaning. This will continue to drive demand for contract cleaning services.
- Increasing Demand: Due to increasing awareness of the health benefits that maintaining clean and healthy environments can bring, demand for contract cleaning services has grown significantly – particularly within the commercial, healthcare, and hospitality sectors.
- Growing Urbanization: Urbanization is rapidly increasing the number of residential and commercial buildings, which will continue to drive demand for contract cleaning services over the coming years.
Market Restraints
- Labor Costs: In cleaning businesses, labor represents one of the biggest expenses, and increasing wages and benefits may reduce profit margins. Additionally, it may be challenging to locate qualified workers due to a labor shortage, which will raise the cost of hiring and training.
- Price Sensitivity: When it comes to contract cleaning services, customers are frequently price-conscious, which can make it difficult for service providers to keep their profit margins. Customers might decide to move to less expensive providers or bargain for lower prices, which could hurt contract cleaning companies’ bottom lines.
- Competition: Contract cleaning services have a high level of competition, with both established players and new entrants competing for contracts. Smaller players may struggle if they lack the funds to invest in technology.
Market Opportunities
- Growing demand: Due to the increasing outsourcing of cleaning needs by businesses and organizations, demand for contract cleaning services will continue to rise. This presents contract cleaners with an excellent opportunity to expand their services and reach more clients.
- Technology: The contract cleaning industry is being transformed by technological advancements like robotics, automation, and artificial intelligence. Companies can adopt these innovations and integrate them into their operations for cleaner services – potentially increasing demand and market share at the same time.
- Franchising: Franchising is a great option for contract cleaners as it promotes rapid expansion and brand recognition. A successful franchise model can help contract cleaning businesses expand rapidly and boost their market share.
Grow your profit margin with Market.us – Purchase This Premium Report at https://market.us/purchase-report/?report_id=40362
Report Segmentation of the Contract Cleaning Services Market
Service Type Insight
In the market for contract cleaning services, the segment that generated the most income is floor and carpet cleaning. Large floor areas in corporate buildings and industrial facilities make it labor- and time-intensive to clean the floors and carpets. As a result, this service is more expensive than others like couch cleaning and window washing. However, the price of these services varies based on several variables, including location, frequency, intricacy, and timing. Furthermore, floor cleaning is necessary for any business or industrial setting and is typically contracted out to qualified professionals.
End User Insight
The income share of the commercial sector is greatest in 2022. The commercial sector, which is primarily made up of workplace buildings, invests a lot in keeping things clean. The recovery of the construction and real estate sector after a brief slump during the first half of this decade and the resulting rise in the number of business buildings are the primary causes of the high share of this segment. Hospitals, schools, hotels, restaurants, and retail stores are just a few examples of other commercial facilities that prefer to contract out the required cleaning work so that management and staff can focus on their core business operations. As a result, it is anticipated that both during and after the pandemic, the commercial sector will offer enormous development opportunities for service providers.
Recent Development of the Contract Cleaning Services Market
March 2022: Office Pride Commercial Cleaning Services is a joint partnership between Trivest Partners and Three20 Capital Group. One of the business cleaning franchise systems in the US that have experienced the fastest growth, Office Pride, declared its development target to be 300 units and USD 300 million in system sales. The Office Pride franchise network spans 25 states and has more than 145 franchise sites. The network is expected to expand over the next five years as a result of acquisitions and the addition of new units.
For more insights on the historical and Forecast market data from 2016 to 2032 – download a sample report at https://market.us/report/contract-cleaning-services-market/request-sample/
Market Segmentation
Based on the Service Type
- Window Cleaning
- Floor & Carpet Cleaning
- Upholstery Cleaning
- Construction Cleaning
- Other Services
Based on End-User
- Residential
- Industrial
Commercial
- Healthcare & Medical Facilities
- Educational Institutions
- Hotels & Restaurants
- Retail Outlets
- Corporate Offices
- Financial Institutions
- Other End-Users
By Geography
- North America
-
- The US
- Canada
- Mexico
- Western Europe
-
- Germany
- France
- The UK
- Spain
- Italy
- Portugal
- Ireland
- Austria
- Switzerland
- Benelux
- Nordic
- Rest of Western Europe
- Eastern Europe
-
- Russia
- Poland
- The Czech Republic
- Greece
- Rest of Eastern Europe
- APAC
- China
- Japan
- South Korea
- India
- Australia & New Zealand
- Indonesia
- Malaysia
- Philippines
- Singapore
- Thailand
- Vietnam
- Rest of APAC
- Latin America
-
- Brazil
- Colombia
- Chile
- Argentina
- Costa Rica
- Rest of Latin America
- Middle East & Africa
-
- Algeria
- Egypt
- Israel
- Kuwait
- Nigeria
- Saudi Arabia
- South Africa
- Turkey
- United Arab Emirates
- Rest of MEA
Competitive Landscape
The ServiceMaster Co., LLC, ABM Industries Inc., Cleaning Services Group, Inc., Jani-King International Inc., Stanley Steemer International Inc., Mitie Group plc, ISS Facility Services, Inc., Vanguard Cleaning Systems Inc., Pritchard Industries Inc., and Sodexo Group are a few of the major competitors in the global contract cleaning services market. As part of their competitive strategy, these market leaders frequently introduce new product lines, broaden their business operations internationally, and take part in smart mergers and acquisitions.
- ABM Industries Incorporated
- Jani-King International Inc.
- ISS Facility Services, Inc.
- Sodexo Group
- Mitie Group plc.
- Pitchard Industries Inc.
- Vanguard Cleaning Systems Inc.
- Stanley Steemer International Inc.
- Cleaning Services Group, Inc.
- The ServiceMaster Company, LLC
- Temko Service Industries, Inc.
- Anago Cleaning Systems
- Aramark Corporation
- Atalian Global Services, Inc.
- Atlas FM Services Ltd.
- Bonus Building Care
- ChemDry
- Clean First Time
- CleanNet USA, Inc.
- Compass Group Plc.
- Duraclean International Inc.
- Extra Clean Inc.
- Harvard Maintenance Inc.
- ISS A/S
- Jan-Pro Systems International
- Other Key Players
Browse More Related Reports:
- Medical Device Cleaning Market size is expected to be worth around USD 86.7 Bn by 2032 from USD 17.9 Bn in 2022, CAGR of 17.60%
- Carpet Cleaning Product’s Market value was US$ 1,600 Mn. This market is forecast to grow at a CAGR, of 4.9% between 2022-2032.
- Vacuum Cleaner Market was valued at USD 12.6 Bn in 2022 and is expected to reach around USD 31.3 Bn in 2032. Between 2023 and 2032, this market is estimated to register the highest CAGR of 9.8%.
- Raised Access Floor Market size was worth around USD 1,611.30 Mn in 2023 and is estimated to grow to about USD 2,230.30 Mn by 2033, with a compound annual growth rate (CAGR) of approximately 6.11% over the forecast period
- Floor Saw Market is USD 329.3 Mn in 2022 and is expected to record over 6.8% CAGR from 2022 to 2032.
About Us:
Market.US (Powered by Prudour Pvt Ltd) specializes in in-depth market research and analysis and has been proving its mettle as a consulting and customized market research company, apart from being a much sought-after syndicated market research report-providing firm. Market.US provides customization to suit any specific or unique requirement and tailor-makes reports as per request. We go beyond boundaries to take analytics, analysis, study, and outlook to newer heights and broader horizons.
Follow Us On LinkedIn Facebook Twitter
Our Blog:
Artificial Intelligence
Businessabc.net, part of Ztudium group partners with IEBF to offer GenerativeAI tools for SMEs, Adds Dilip Pungliya to Leadership
LONDON and NEW DELHI, April 24, 2024 /PRNewswire/ — Businessabc.net part of ztudium group partners with Indo-European Business Forum IEBF and signed an MOU to collaborate in building tech AI-powered tools and trade corridors and technological solutions for businesses in India, UK, and Europe.
Businessabc.net is a global business abc AI, digital certification search engine, and directory marketplace that offers a fresh approach to business insights, and analytics and makes it accessible to every company, and employee, empowering knowledge-sharing and strategic insights across every level for businesses worldwide. Businessabc offers a digital hub marketplace to empower SMEs and businesses of all types with B2B, B2C, and AI-powered tools, that give them access to strategies, and insights and connect them with chambers of commerce, trade corridors, digital supply chains, provenance tools, and multi-store e-commerce solutions. The Indo-European Business Forum – IEBF is an independent, impartial organisation promoting two-way flows of trade, and investment in India, the UK, and EU member countries.
Businessabc.net owned by ztudium announces this strategic partnership with the IEBF and announces Dilip Pungliya as a new partner and Board Member to lead these endeavours. In this role, Mr. Pungliya, a tech, business, and data scientist executive will bring his extensive expertise in business strategy and digital transformation to lead key initiatives within the organisation.
The growth of Generative AI among Small and Medium Enterprises (SMEs) worldwide has been steadily gaining momentum, and in India, the UK, and Europe a burgeoning tech ecosystem is growing awareness of the transformative potential of artificial intelligence.
IEBF and Businessabc.net join forces to expand the platform with new indexes powered by Generative AI to enhance efficiency, streamline operations, and give companies a competitive edge in the market. Factors such as the availability of cost-effective AI solutions, the skilled workforce, and a global need to push towards digitalisation have contributed to the adoption of Generative AI technologies. GenAI tools and tech solutions are critical to unlocking new value for businesses and becoming the most important tools for organisations of all sizes. AI revolution through platforms such as businessabc.net semantic and GenAI search, indexes, and chatbots, can solve business problems and offer leaders integrated solutions for their growth.
IEBF has been collaborating with Governments in India, UK, and Europe,. Their contribution includes events in the UK House of Lords, Indian governmental organisations, and research and education initiatives for businesses. Created by Mr. Vijay Goel and Mr. Sunil Kumar Gupta the founders, responsibles for the organisation said about this: “We are excited to work and enhance business solutions between IEBF and Businessabc.net, part of Ztudium group. All businesses need to be aware, educated, and prepared for this new AI and digital growth tools world. Data from India’s Ministry of Electronics and Information Technology (MeitY) reports that GenAI is expected to add USD 450–500 billion to India’s GDP by 2025 – 10% of the country’s USD 5 trillion GDP target. We expect to work together to empower businesses in India, the UK, and Europe joining forces with Businessabc.net to organise strategic trade corridors, events, and Indexes.”
Dinis Guarda, Founder of Ztudium / Businessabc.net, a business top thought leader, author, and Youtuber said about the partnership: “We are thrilled to work with IEBF to expand the businessabc.net solutions to India, UK, and Europe businesses and welcome Dilip Punglyia to support, lead this partnership and Ztudium group. Together we will offer cutting-edge simple tools that use genAI in business and finance. In the financial sector alone GenAI is expected to increase global gross domestic product (GDP) by 7%—nearly $7 trillion—and boost productivity growth by 1.5%, according to Goldman Sachs Research.”
Dilip Pungliya, a seasoned tech, digital, and business strategy leader with more than twenty five years of experience creating data-driven solutions will be at the forefront of this partnership. Mr. Dilip Pungliya said about this: “I’m thrilled to join businessabc.net and Ztudium leadership team and contribute to the growth of the partnership with the IEBF and its holistic company’s mission of driving innovation and digital transformation through cutting-edge technologies like AI, fintech, Web 3.0, Metaverse, and Blockchain. This partnership will allow us to create a digital ID, new AI data-driven generative tools, and scale growth for businesses in India, UK, and Europe, and Dilip’s wealth of experience and strategic vision will be invaluable as we continue to drive innovation and empower businesses with transformative technologies.”
About the Indo-European Business Forum
IEBF is an independent, impartial body actively promoting two-way flows of trade, and investment in India and EU member countries. Indo European Business Forum is an open forum comprising like-minded people who believe that “India can offer strong and sustained business opportunities for European Union countries”. IEBF is patronised by leading personalities from both India and the EU having excellence in the fields of business, finance, real estate, and art, to name a few. Our advisory board consists of people who are determined to create a progressive world.
About the Businessabc.net,
Founded in August 2011 by Dinis Guarda, who was joined by Sonesh Sira as board and partner some years after businessabc.net part of Ztudium group has been creating Digital Transformation, and AI tools and being recognised as one of the top global thought leaders organisations by organisations like Thinkers360.com. The company has been working and advising Fortune 500 companies and governments and offers technology products and platforms. Some of its offers are citiesabc.com, fashionsabc.com, sportsabc.org. It also manages a media division with intelligenthq.com, tradersdna.com, hedgethink.com, and services that integrate a wide range of 4IR, AI, 3D, web 3.0, and blockchain technologies solutions such as Metaverseabc. tech, MStores.shopping, iDNA.technology, and AI.DNA. The platform unveiled recently its Top 10,000 Public Companies Market Cap Index, which lists tech giants like Apple, Microsoft, Google, Alphabet, Nvidia, and Meta, and LVMH, IBM, and JPMorgan Chase & Co., from other industries at the top.
About Ztudium: The maker of 4IR, AI, Web 3.0, and Smart Cities technologies
Ztudium is a UK-based global maker of leading proprietary intellectual property and technologies that integrate Fourth Industrial Revolution (4IR) technologies. The company creates technology products, platforms, media, and services that integrate fintech, smart cities, Web 3.0, AI, Metaverse, and Blockchain. Ztudium collaborates with multiple governments, organisations, educational institutions, and business networks worldwide.
For media inquiries, please contact:
Media Contact Name: Manan KothariEmail Address: [email protected] Number: +44 7833881659
Company Name: Businessabc / ZtudiumCompany Address: 85, Great portland street, London W1W7LTWebsite URL: www.businessabc.net, www.ztudium.com
View original content:https://www.prnewswire.co.uk/news-releases/businessabcnet-part-of-ztudium-group-partners-with-iebf-to-offer-generativeai-tools-for-smes-adds-dilip-pungliya-to-leadership-302126571.html
Artificial Intelligence
South Korea Data Center Market to Witness Investment of $7.22 Billion by 2029 – Get Insights on 35 Existing Data Centers and 19 Upcoming Facilities across South Korea
CHICAGO, April 24, 2024 /PRNewswire/ — According to Arizton’s latest research report, the South Korea data center market is growing at a CAGR of 8.43% during 2023-2029.
To Know More, Download the Free Sample Report: https://www.arizton.com/market-reports/south-korea-data-center-market-investment-analysis
South Korea Data Center Market Report Scope
Report Attributes
Details
Market Size (Investment)
USD 7.22 Billion (2029)
Market Size (Area)
688 thousand sq. Feet (2029)
Market Size (Power Capacity)
143 MW (2029)
CAGR Investment (2023-2029)
8.43 %
Colocation Market Size (Revenue)
USD 1.42 Billion (2029)
Historic Year
2020-2022
Base Year
2023
Forecast Year
2024-2029
South Korea is becoming a resilient data center market, propelled by a strategy prioritizing cloud service, a conducive business climate, and a well-established regulatory framework. Moreover, South Korea is a prominent Southeast Asian market, with investment opportunities driven by Artificial Intelligence and Renewable Energy initiatives. Major investments from local and international data center providers position the country as a pivotal player in the Asia-Pacific (APAC) digital infrastructure landscape.
Recently, South Korea has seen the development of smart cities such as Seoul, Incheon, Busan, and Daejeon. These cities implemented various smart solutions, including the Integrated Public Transportation Fare System, Demand-Responsive Transportation (DRT), Smart Grid, Smart Waste Management System, and numerous others.
Investment Opportunities in South Korea
In October 2023, LGU+ announced the completion of their second facility, Pyeoungchon 2 Center, in South Korea.In September 2023, Kakao announced the completion of their data center facility in Ansan, Gyeonggi, South Korea.In September 2023, SK Ecoplant announced plans to develop a data center campus facility in Pohang, South Korea.In August 2023, the South Korean government announced plans to develop a 1GW data center campus in the Southwest of South Korea.In June 2023, Empyrion DC commenced constructing its first data center facility in the Gangnam area of Seoul, South Korea.Market Trends
The South Korean government has committed to overturning the earlier policy by the administration of phasing out nuclear energy—the previous approach aimed to reduce the number of operational nuclear plants to 17 by 2034.South Korea plans to reduce its dependence on coal-fired power generation to 19.7% by 2030 and further down to 14.4% by 2036. Additionally, the country aims to decrease its reliance on gas-fired generation to 22.9% by 2030 and 9.3% by 2036.KOEN, formerly Korea South-East Power (KOSEP), generates renewable power from photovoltaic – 36 MW, hydro – 18.6 MW, fuel cells – 51.9 MW, wind – 58.4 MW, and biomass – 325 MW.Korea Western Power owns and operates around 17 solar power plants with a total capacity of around 43 MW. The Taean Small Hydro Power plant generates 2.2 MW, and the Hwasun Wind Power plant produces around 16 MW. In addition, the company generates around 39 MW of power capacity through fuel cells, generating around 35 MW of power through biomass.Significant Growth in Cloud, Mission Critical, and High-Performance Infrastructure to Increase OCP and Arm-based Server Adoption Booming the Market Growth
The expansion of hyperscale data centers will likely increase the demand for arm-based servers and promote the procurement of high-performance infrastructure solutions and OCP infrastructure solutions. South Korea-based cloud service provider Douzone Bizon adopted Intel Xeon Scalable Processor solutions to decrease the total cost of ownership for managing blade servers.
Why Should You Buy This Research?
Market size is available regarding investment, area, power capacity, and South Korea colocation market revenue.An assessment of the data center investment in South Korea by colocation, hyperscale, and enterprise operators.Investments in the area (square feet) and power capacity (MW) across cities in the country.A detailed study of the existing South Korea data center market landscape, an in-depth market analysis, and insightful predictions about market size during the forecast period.Snapshot of existing and upcoming third-party data center facilities in South KoreaFacilities Covered (Existing): 35Facilities Identified (Upcoming): 19Coverage: 12+ CitiesExisting vs. Upcoming (Area)Existing vs. Upcoming (IT Load Capacity)Data Center Colocation Market in South KoreaColocation Market Revenue & Forecast (2023-2029)Wholesale vs. Retail Colocation Revenue (2023-2029)Retail Colocation PricingWholesale Colocation PricingThe South Korea data center market investments are classified into IT, power, cooling, and general construction services with sizing and forecast.A comprehensive analysis of the latest trends, growth rate, potential opportunities, growth restraints, and prospects for the industry.Business overview and product offerings of prominent IT infrastructure providers, construction contractors, support infrastructure providers, and investors operating in the industry.A transparent research methodology and the analysis of the demand and supply aspects of the industry.Buy this Research @ https://www.arizton.com/market-reports/south-korea-data-center-market-investment-analysis
Post-Purchase Benefit
1hr of free analyst discussion10% off on customization The Report Includes the Investment in the Following Areas:
IT InfrastructureServersStorage SystemsNetwork InfrastructureElectrical InfrastructureUPS SystemsGeneratorsTransfer Switches & SwitchgearsPDUsOther Electrical InfrastructureMechanical InfrastructureCooling SystemsRack CabinetsOther Mechanical InfrastructureCooling SystemsCRAC & CRAH UnitsChiller UnitsCooling Towers, Condensers & Dry CoolersEconomizers & Evaporative CoolersOther Cooling UnitsGeneral ConstructionCore & Shell DevelopmentInstallation & Commissioning ServicesEngineering & Building DesignFire Detection & Suppression SystemsPhysical SecurityData Center Infrastructure Management (DCIM)Tier StandardTier I & Tier IITier IIITier IVGeographySeoulOther CitiesVendor Landscape
IT Infrastructure Providers
Arista NetworksAtosCisco SystemsDell TechnologiesFujitsuHewlett Packard EnterpriseIBMInspurIntelLenovoNetAppData Center Construction Contractors & Sub-Contractors
BEHIVE ArchitectsDPR ConstructionGS E&CHanmiGlobalHyundai Engineering & ConstructionISGPOSCO ICTSAMOO Architects & EngineersSamsung C&TSupport Infrastructure Providers
ABBCaterpillarCumminsDelta ElectronicsEatonFuji ElectricLegrandMitsubishi ElectricPiller Power SystemsRittalRolls-RoyceSchneider ElectricSTULZVertivData Center Investors
ActisDigital RealtyDreammark1Digital EdgeEquinixHostway IDCKakao CorpKT CorpLG UplusLG CNSNaverNHN CorpSOLISIDCSK BroadbandNew Entrants
Empyrion DCESROneAsia NetworkPrinceton Digital GroupPure Data Centres GroupSC Zeus Data CentersST Telemedia Global Data CentresSTACK InfrastructureKey Questions Answered in the Report: How big is the South Korea data center market?How many existing and upcoming data center facilities exist in South Korea?How much MW of power capacity will be added across South Korea during 2024-2029?What factors are driving the South Korea data center market?What is the growth rate of the South Korea data center market?Who are the key investors in the South Korea data center market?
Get the Detailed TOC @ https://www.arizton.com/market-reports/south-korea-data-center-market-investment-analysis
Check Out Some of the Top-Selling Research Reports: Indonesia Data Center Market – Investment Analysis & Growth Opportunities 2024-2029
Thailand Data Center Colocation Market – Supply and Demand Analysis 2024-2029
Singapore Data Center Market – Investment Analysis & Growth Opportunities 2023-2028
Australia Data Center Market – Investment Analysis & Growth Opportunities 2023–2028
Why Arizton? 100% Customer Satisfaction 24×7 availability – we are always there when you need us 200+ Fortune 500 Companies trust Arizton’s report 80% of our reports are exclusive and first in the industry 100% more data and analysis 1500+ reports published till date
About Us:
Arizton Advisory and Intelligence is an innovative and quality-driven firm that offers cutting-edge research solutions to clients worldwide. We excel in providing comprehensive market intelligence reports and advisory and consulting services.
We offer comprehensive market research reports on consumer goods & retail technology, automotive and mobility, smart tech, healthcare, life sciences, industrial machinery, chemicals, materials, I.T. and media, logistics, and packaging. These reports contain detailed industry analysis, market size, share, growth drivers, and trend forecasts.
Arizton comprises a team of exuberant and well-experienced analysts who have mastered generating incisive reports. Our specialist analysts possess exemplary skills in market research. We train our team in advanced research practices, techniques, and ethics to outperform in fabricating impregnable research reports.
Contact Us Call: +1-312-235-2040 +1 302 469 0707 Mail: [email protected] Contact Us: https://www.arizton.com/contact-us Blog: https://www.arizton.com/blog Website: https://www.arizton.com/
Photo: https://mma.prnewswire.com/media/2396093/South_Korea_data_Arizton.jpgLogo: https://mma.prnewswire.com/media/818553/Arizton_Logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/south-korea-data-center-market-to-witness-investment-of-7-22-billion-by-2029—get-insights-on-35-existing-data-centers-and-19-upcoming-facilities-across-south-korea-302126231.html
REYKJAVIK, Iceland, April 24, 2024 /PRNewswire/ — Lucinity , a leader in generative AI for financial institutions, is thrilled to announce the appointment of Udi Nessimyan as its new President and Chief Revenue Officer. Udi brings to the role a wealth of experience from his time in AI development at some of the world’s most prestigious tech companies, including Sealed.ai, Oracle, and Amazon Web Services.
Gudmundur Kristjansson, Founder and CEO of Lucinity, expressed his enthusiasm about Udi’s appointment, stating, “Udi’s proven track record of driving growth and innovation aligns perfectly with our core mission at Lucinity. His strategic acumen and deep industry knowledge are invaluable as we continue to develop and deliver AI solutions that enhance the efficiency and effectiveness of our clients’ operations.”
Udi’s career highlights include co-founding and leading Sealed.ai as CEO, where he spearheaded the development of a cutting-edge conversational AI platform that redefined standards in business communication. At Basis Technology, he was instrumental in driving sales and operational strategies for their flagship products, including Rosette and various Cyber Forensics tools, achieving an annual recurring revenue growth rate exceeding 30%.
In his new role, Udi will focus on refining Lucinity’s approach to marketing, sales, and customer onboarding. His expertise will be crucial in ensuring that Lucinity’s innovative AI solutions are effectively communicated and reach the right audiences, thereby maximizing their impact and facilitating the adoption of the technology.
“Udi’s involvement is vital as we strive to make our AI tools more intuitive and impactful,” said Kristjansson. “His insights and leadership will enhance our ability to deliver these technologies efficiently and effectively, aligning them closely with customer needs and industry demands.”
Under Udi’s leadership, Lucinity is set to deepen its commitment to unleashing human efficiency with AI, expanding the reach and impact of its mission to create AI that makes people better at what they do.
Lucinity thanks its partners and stakeholders for their continued support and interest as it embarks on this exciting new chapter.
About Lucinity:
Lucinity is a leader in generative AI technologies for financial institutions, designed to accelerate workforce efficiency. Its platform features Luci, an AI copilot that enhances intelligence gathering, analysis, and decision-making, allowing institutions to streamline operations and reduce costs. As an open, configurable, no-code platform, Lucinity is a crucial tool for enhancing productivity and operational efficiency in the financial sector.
Media Contact
Celina PabloSenior Marketing [email protected] +354 792 4321
Logo: https://mma.prnewswire.com/media/2208676/4669079/Lucinity_Logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/lucinity-appoints-udi-nessimyan-as-president-and-chief-revenue-officer-302126327.html
-
Uncategorized5 days agoGenerative AI gold rush drives IT spending — with payoff in question
-
Uncategorized5 days ago
Do underwriters trust artificial intelligence?
-
Uncategorized5 days ago
Hans Jonas on Responsibility in the Age of Artificial Intelligence
-
Uncategorized5 days ago
Meta AI Assistant Adds Website, Expands Beyond US
-
Artificial Intelligence5 days agoFree Your Hands, QIDI Vida Smart AR Glasses Lead the Way in New Sports Experience.
-
Uncategorized5 days ago
The Ottawa Hospital doctors to try AI for patient notes
-
Uncategorized5 days ago
Can artificial intelligence reduce vehicle time to market?
-
Artificial Intelligence4 days agoAurionpro Solutions acquires Arya.ai, to power next generation Enterprise AI platforms for Financial Institutions
