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Data Center Construction Market to Reach USD 58.33 Billion, at a 9.2% CAGR By 2030 – Market Research Future (MRFR)

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New York, USA, May 24, 2023 (GLOBE NEWSWIRE) — According to a Comprehensive Research Report by Market Research Future (MRFR), “Data Center Construction Market Information by Design Type, Tier Type, Industry Vertical, and Region – Forecast till 2030”, Data Center Construction Market could thrive at a rate of 9.2% between 2022 and 2030. The market size will be reaching around USD 58.33 Billion by the end of the year 2030.

Market Synopsis:

Data center construction refers to the process of designing, building, and operating physical infrastructures for data storage, processing, and management. This includes everything from server rooms and small data centers to large hyper-scale facilities. The global data center construction market is driven by several factors, including increasing demand for data storage and processing, adoption of cloud-based services, and growing investment in data centers by government and private organizations.

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Market Competitive Landscape:

The affluent companies in the Data Center Construction industry include.

  • AECOM
  • Arup Group
  • Corgan Associates Inc.
  • DPR Construction
  • Gensler
  • HDR Architecture
  • Turner Construction
  • Syska Hennessy
  • Hoffman Construction Company
  • Floor Construction
  • Fortis Construction
  • Mortenson Company
  • Brasfield & Gorrie, L.L.C.
  • ISG LTD
  • The Boldt Company

Latest Industry Updates:

  • June 2021NTT Ltd. launched its Data Center Interconnect, a global network service that offers secure and private connections between NTT’s data centers and major cloud service providers through a single physical port supporting multiple virtual network services. This service aims to provide a seamless and secure network infrastructure for enterprises across the globe.
  • August 2020Arup was awarded for its sustainable summit that empowered suppliers to build a sustainable supply chain. The company developed a Carbon Management Plan for the event and worked with main suppliers to create a sustainable supply chain. This award recognition is expected to positively impact Arup’s revenues and profits by showcasing its expertise in sustainability and responsible supply chain management.

Scope of the Report – Virtual Private Network Market:

Report Metrics Details
Market Size by 2030 USD 58.33 billion
Market CAGR during 2022-2030 9.2%
Base Year 2021
Forecast 2022-2030
Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Key Market Dynamics Rising Number of IOT Devices Rapid Installation of Data Center Facilities

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Market USP Covered:

Market Drivers:

One of the main drivers of the data center construction market is the increasing demand for data storage and processing capabilities. With the exponential growth of data, driven by the adoption of new technologies such as the Internet of Things (IoT), artificial intelligence (AI), and machine learning (ML), there is a need for robust and scalable data storage solutions. This has led to a surge in the construction of data centers worldwide, particularly in regions such as North America, Europe, and Asia Pacific.

Browse In-depth Market Research Report (122 Pages, Charts, Tables, Figures) on Data Center Construction Market:
https://www.marketresearchfuture.com/reports/data-center-construction-market-5809

Market Restraints:

One of the primary restraints is the high cost of building and operating data centers. Data center construction involves significant capital investment, and operating costs can be high due to factors such as energy consumption, cooling requirements, and maintenance. Additionally, the construction process can be time-consuming and complex, involving several stakeholders such as architects, contractors, and equipment suppliers. These factors can lead to delays and cost overruns, which can negatively impact the growth of the market.

COVID 19 Analysis:

The COVID-19 pandemic has had a mixed impact on the data center construction market. On the one hand, the pandemic has led to an increase in demand for data center services as more people work and study from home, increasing the need for cloud computing and data storage. This has led to an increase in data center construction projects and investments. On the other hand, the pandemic has also led to supply chain disruptions, labor shortages, and delays in construction projects due to lockdowns and social distancing measures. This has affected the pace of data center construction projects and led to higher costs. Additionally, the pandemic has forced many organizations to reassess their data center needs and consider alternative solutions, such as edge computing and hybrid cloud models. This may impact the demand for large-scale data center construction projects in the long term.

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Market Segmentation:

  • By Design Type – The design types in the market include General Construction, Electrical Construction, And Mechanical Construction.            
  • By Tier Type – By tier type, the segment includes Tier 1, Tier 2, Tier 3, and Tier 4
  • By Industry Vertical – By industry vertical, the segment includes BFSI, Healthcare, IT & Telecommunication, Media & Entertainment, Oil & Energy, Public Sector, and Others

Regional Insights:

In North America, the growth of the data center construction market is mainly driven by the increasing adoption of cloud-based services and the growth of big data analytics. The demand for high-density data centers with low latency and high-speed connectivity is also driving the market in this region. Additionally, in Europe, the market is driven by the increasing demand for colocation data centers, which offer cost-effective solutions to businesses that cannot afford to build and operate their data centers. The growth of the e-commerce sector, along with the increasing use of mobile devices and IoT, is also driving the demand for data centers in this region.

Further, in the Asia-Pacific region, the market is driven by the increasing adoption of cloud-based services, big data analytics, and IoT. The region is home to some of the world’s largest and fastest-growing economies, which are witnessing significant growth in digitalization and internet penetration. The demand for data centers in this region is also driven by the increasing adoption of 5G technology and the growth of the e-commerce sector.

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  • Threat Intelligence Market – The Threat Intelligence Market is predicted to reach USD 21.6 Billion by 2030, registering a 6.90% CAGR during the forecast period, 2022–2030.
  • Industrial Analytics Market – Worldwide Industrial Analytics market is anticipated to grow at USD 54.7 billion with a CAGR of 15.40% during the review period from 2022 to 2030.
  • Cognitive Assessment and Training Market – Global cognitive assessment & training market is expected to grow with approximately USD 21,443.06 Million 27.1% of CAGR during the forecast period 2020-2030.

Browse through more Information And Communications Technology Research Reports.

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

Contact Us:

Market Research Future (Part of Wantstats Research and Media Private Limited)
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New York, NY 10013
United States of America
+1 628 258 0071 (US)
+44 2035 002 764 (UK)
Email: [email protected]
Website: https://www.marketresearchfuture.com
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Artificial Intelligence

Point Fort Fichet, a division of ASSA ABLOY France, Partners with Essence Security to Provide the MyShield Intruder Intervention System to the French Security Market

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The ASSA ABLOY subsidiary selected Essence’s advanced active solution after identifying a need among French property owners to have direct, remote control over security
HERZLIYA, Israel, April 16, 2024 /PRNewswire/ — Essence Security, a part of Essence Group, a leading technology group developing and supplying wireless, cloud-based security solutions for homes and businesses, today announced its collaboration with Point Fort Fichet, France’s leading locksmith network and a subsidiary of ASSA ABLOY AB (ASSAB:Stockholm). The partnership aims to distribute and implement Essence’s all-encompassing MyShield connected smoke-generating intruder prevention solution across France. MyShield is available for private properties, retail establishments and small businesses — specifically those dealing with large volumes of tax revenue — to fortify these spaces against intensifying security threats.

 
The rate of break-ins in France rose nationally by 3% in 2023, creating a demand for active intervention security solutions. As the first standalone security smoke device, MyShield is at the forefront of the battle against security threats with its ability to proactively detect and act to ensure swift intervention and minimal risk to property damage. Through this partnership, Point Fort Fichet will offer Essence’s MyShield system as a complement to its portfolio of preventative security solutions, which helps consumers gain control of their security from a smartphone or tablet. Together, Point Fort Fichet and Essence offer customers the ability to take direct action, enhancing safety protocols and providing peace of mind to business owners and residents alike.
“As theft and burglary rates rise, we are excited to partner with Essence Security to provide our customers with direct intervention capabilities to stop intruders in their tracks,” said Frederic Colin, Managing Director of Fichet Division of ASSA ABLOY France. “MyShield complements our high-security offerings by providing property owners, especially those who own small businesses, with an added layer of protection that takes auto-surveillance up a level to auto-action. At Fichet, we aim to address the demand for comprehensive solutions that are redefining the meaning of security, and we’re proud to collaborate with a company like Essence to help us achieve this goal.”
MyShield stands out for its intrusion detection and intervention capabilities through security smoke generation. The award-winning, first-of-its-kind device deploys a veil of harmless yet disorienting smoke that fills a room in 30 seconds, forcing intruders off premises before they can cause harm to people or property. MyShield acts as a ‘first responder,’ significantly narrowing the window of time in which intruders can operate and providing an enhanced level of security to residential and commercial users — particularly advantageous in high-risk environments with lone workers or unoccupied buildings where rapid response is crucial. MyShield provides Point Fort Fichet customers full agency over their residential and retail properties’ security.
“In today’s dynamic security landscape where threats are constantly evolving, it’s not enough to just passively watch; there must be action and intervention.”  said Dr. Haim Amir, CEO and Founder of Essence Group. “Partnering with a security leader like Point Fort Fichet ensures home and business owners in the French market will have direct control in protecting their assets. Together we are building on our combined expertise to deliver a comprehensive service that makes properties all over the country safe and secure.”
Easy-to-install, MyShield’s battery-powered system includes an integrated motion detector, high-definition video camera to eliminate false alarms, voice announcement and rapid action remote smoke deployment. It utilizes cellular IoT networks and can be used as a standalone app-based solution or integrated into existing security systems. The low-maintenance device can be easily moved to ensure properties have 24/7 security on demand for reliable protection.
To access MyShield through Point Fort Fichet, please visit here.
About Essence GroupEssence Group is a global technology leader with a mission to develop and deploy innovative, cloud-based, end-to-end security and healthcare solutions, underpinned by supporting services, that provide peace of mind to users. For over a quarter of a century, Essence has challenged convention by making care and safety both accessible and affordable. With over 75 million connected devices deployed worldwide, Essence helps people to live safer and more independent lives.
For more information: https://www.essence-grp.com/
Follow Essence Group on LinkedIn, Twitter and Facebook
About Point Fort FichetPoint Fort Fichet is the largest network of locksmiths in France, also operating in Spain, Belgium, Switzerland, Italy and Portugal. For more than 50 years, Point Fort Fichet has been France’s leading producer of anti-burglary doors, high security locks and cylinders. Point Fort Fichet protects what matters most.
For more information: https://www.fichet-pointfort.com/
 
Media Contact:Mushkie MeyerHeadline [email protected]:+19143364035
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Artificial Intelligence

HaloWallet Rebrands To Halo: Integrating SocialFi & AI To Revolutionize Social Influence Monetization

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VICTORIA, Seychelles, April 16, 2024 /PRNewswire/ — Today, it is thrilling to announce the official brand upgrade from HaloWallet to Halo (halo.social). This upgrade signifies a significant shift in Halo’s vision and commitment to thriving alongside millions of Halo users worldwide in the SocialFi UBI revolution.

Since its inception in October 2023, Halo has been at the forefront of the SocialFi movement. With the launch of Halo Genesis Pass, it has yielded a remarkable 2,000% return for holders and earned international acclaim from users of more than 100 countries.
Moving forward, Halo’s mission is to disrupt the Web2 monopoly and revolutionize the monetization of social influence while ensuring fair and equitable profit sharing. This mission is accomplished through the integration of AI and Web3 DID.
With funding from KuCoin Ventures, IDG, HashKey, and strategic Web3 partners globally, as well as the financial support of the Cyberport incubation program by the Hong Kong government, Halo is poised for an unprecedented leap forward within the realm of SocialFi.
Halo: Pioneering the SocialFi UBI Revolution
Halo (halo.social) is designed to create a revolutionary monetization layer within the SocialFi field, aiming to establish a new paradigm of Universal Basic Income (UBI) that provides ownership to everyone.
Web2 tech giants have generated immense commercial value. However, their centralized nature has led to many concerns on users’ loss of personal data autonomy and unequal value distribution. With blockchain, users can regain control over their assets, data, and accounts. Halo aims to capitalize on advertisement value while respecting user privacy and consent.
Beyond just advertisement, Halo identifies a crucial avenue for monetization: data value. The AI industry has grown rapidly, but due to vague ownership of data copyrights and a lack of unified regulations, high-quality AI corpus remains scarce. As an innovative Web3 project, Halo provides an innovative solution to address this requirement of AI.
Halo has the ability to acquire both on-chain transactions and social content, surpassing Scale AI with full copyright and user consent. By integrating the power of the community to complete data labeling tasks and implementing decentralized governance, Halo meets the demand for high-quality labeled data in AI, enabling the monetization of user data and ensuring a fair redistribution of business profits.
Jeff Hou, the Head of Halo, stated, “The brand upgrade is not merely a marketing move but a natural progression and evolution in the development of Halo. We are gradually transitioning from being a crypto wallet to becoming a fully-fledged ecosystem within SocialFi. It’s time for everyone to see Halo in a new light. We will lead the new wave of the SocialFi UBI revolution, monetizing users’ social influence through our advanced technology architecture and fantastic partnerships in the industry.”
The SocialFi UBI revolution is at our doorstep, and Halo is at the forefront, ready to unlock new opportunities for users to earn, learn, and socialize in a decentralized and equitable environment.
Looking Ahead
Halo token airdrop is a crucial aspect of our vision, designed to strengthen the bond among all members and foster a more engaged and dynamic Halo community. The largest share of Halo tokens, 35%, will be allocated to community, early adopters and alliance members from KuCoin, Mocaverse & other excellent partners.
As a key indicator, Halo Membership Pass will be available for minting on April 26, operating on a season-based promotion system. We’ve launched exclusive discount code giveaways of the Pass with our esteemed partners. Join now to secure a high-level Pass.
Stay tuned for more updates and information on TGE as we continue to evolve and grow as Halo.
About Halo
Halo (halo.social) is designed to build a revolutionary monetization layer within the SocialFi field. We aim to create a new paradigm of UBI (Universal Basic Income) that grants ownership to everyone. By integrating AI, Web3 DID, and Wallet Aggregator, and implementing decentralized governance, Halo is dedicated to transforming the way social influence is monetized and fostering a system of fair and equitable profit sharing.
Website | X | Discord | Telegram
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Artificial Intelligence

Carbon Accounting Startup Zevero Acquired by LEVELUP to Help Companies in Fight to Reduce Global Carbon Emissions

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The combined company will operate under Zevero brand26 and 27-year-old founders secure multi-million-pound deal following rapid UK growthZevero will expand its specialisms in high-emission food and beverage industry to new industries and geographies with a new global management teamLONDON, April 16, 2024 /PRNewswire/ — Zevero, a decarbonisation platform that empowers companies to reach a net zero future, announced it has been acquired by Singapore-based climate tech startup, LEVELUP. The multi-million-pound deal will see the two companies merge under the Zevero brand and expand operations across Asia, Europe and the U.S., fuelling Zevero’s access to the global $15 billion* carbon accounting market.

Zevero’s innovative software platform uses AI-driven carbon modelling, automated emissions calculations and real-time analytics to help companies within the fast-moving consumer goods (FMCG) industry to accurately measure, manage and reduce their carbon footprint across their entire supply chain. In bringing together these capabilities with LEVELUP’s extensive agriculture industry expertise, the new combined offering will be a powerful tool in the global fight against climate change.
“In just three years, Zevero has proven its ability to provide full-stack carbon accounting to clients in over 13 countries,” said Shigeo Taniuchi, incoming CEO of Zevero – previously of LEVELUP. “Combining Zevero’s strong product foundations and UK market experience with our team’s expertise across Asia will rapidly accelerate our shared mission to become the definitive carbon management solution for businesses worldwide.”
Zevero was founded in 2020 by friends Ben Richardson and George Wade, then both just 23. The pair grew frustrated at how challenging it was for businesses to understand their carbon impact end-to-end. With increasing environmental-focused regulation at the time impacting more and more industries, Ben and George recognised a critical need to digitise the carbon accounting process and make it possible for businesses to see the full picture of their carbon impact throughout each stage of their supply chain. As, only through having this visibility, can businesses make any impactful changes to their operations.
A strong footing in the UK
Zevero initially made its name in the UK carbon accounting market, quickly acquiring customers in the food and beverage industry – such as Brixton Brewery and MOTH, amongst others. Rising consumer demand for environmentally-friendly products and services, increasing regulatory enforcement and consequent supply chain pressures are driving the need for accurate emissions data and credible decarbonisation strategies – both areas in which many companies currently lack the right resources, knowledge and tools.
“Climate change is the biggest threat facing society. For most companies, there are multiple challenges in their way.” said Ben Richardson, Co-Founder of Zevero. “Despite pressure to act, they lack the capabilities to see the full impact of their products on the environment. Without that transparency, it’s impossible to set realistic emission reduction targets and drive meaningful change.”
“Traditionally, calculating corporate emissions has relied on spreadsheets and static PDFs. Zevero makes it easier and more accurate for companies to measure, reduce and report on their carbon emissions in real-time, not just once a year,” said George Wade, Zevero’s other Co-Founder. “Much has been said about brands greenwashing, but what we’re hearing from these businesses is that they actively want to make drastic changes to clean up their supply chains – but up until now they haven’t had the data to make those decisions confidently. Zevero has created a solution for that.”
Through the acquisition, Ben and George will remain actively involved as Co-Founders – together with other Co-Founders, seasoned executive, Shigeo Taniuchi and serial entrepreneur, Yuya Kuratomi – and will be responsible for driving Zevero’s product roadmap and growth initiatives. Zevero’s diverse leadership team will integrate LEVELUP’s extensive presence and network in Asia to accelerate the expansion and impact of Zevero.
Notes to Editors
*https://www.fortunebusinessinsights.com/carbon-accounting-software-market-107292
Media pack can be found here
Media Contacts
Hannah Martin: [email protected]; Jo Cresswell: [email protected] 
About Zevero
Zevero is a leading carbon accounting and decarbonisation platform empowering companies towards a net zero future. Its full-stack software solution leverages AI, automated emissions calculations, supply chain data integrations and real-time analytics to accurately measure and reduce carbon footprints for companies across multiple industries. With an impressive track record of operating in 13 countries and 50 million kgCO2e under management, Zevero is headquartered in London with operations across the UK, Europe, Asia and North America. To learn more, visit https://www.zevero.earth/
About Co-Founders
Benjamin Richardson is a Co-Founder of Zevero, a leading carbon accounting and decarbonisation platform that empowers companies to achieve a net zero future. Zevero’s platform leverages AI to make it more efficient to measure and reduce its supply chain carbon emissions. Before Zevero, Ben started a carbon consultancy helping SMEs in the UK with carbon reporting and reduction.George Wade is a Co-Founder of Zevero, a leading carbon accounting and decarbonisation platform that empowers companies to achieve a net zero future. Zevero’s platform leverages AI to make it more efficient to measure and reduce its supply chain carbon emissions. George started Zevero after working in a waste technology startup whilst studying at the University of Exeter. George also founded the positive climate newsletter, The Grumpy Optimist, in 2020, sharing positive climate news with over 4,000 people each week.Shigeo Taniuchi is a Co-Founder and CEO of LEVELUP Climate Tech and is the CEO of Zevero after the integration. Shigeo is the former CEO of a global life science company and a proven global business executive with more than 25 years of experience in various senior roles, including Head of Europe and China. Having studied at Judge Business School and CISL of the University of Cambridge, Shigeo is leveraging his business and academic expertise to lead the global expansion of Zevero and to continue its contribution to society.Yuya Kuratomi is a Co-Founder of Zevero. Yuya is an award-winning serial entrepreneur with a successful track record of launching a digital startup offering enterprise cyber security platform, which he divested at $173M to GMO Internet Group, one of the leading internet service providers in Japan. Since his relocation to Singapore in 2022, he has launched several startups, including LEVELUP Climate Tech.

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