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Data Center Solutions Market worth $591.7 billion by 2028 – Exclusive Report by MarketsandMarkets™

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CHICAGO, Jan. 24, 2024 /PRNewswire/ — Incorporating edge computing, embracing AI more widely, emphasising sustainability, and fostering hybrid and multi-cloud environments are all key components of the Data Centre Solutions market’s future. Other developments include the growing importance of Software-Defined Data Centres (SDDC), containerisation, research into quantum computing, and a persistent focus on disaster recovery, security, and resilience. Expansion of data centres worldwide, demountable infrastructure, automation of IT operations, Internet of Things integration, and a dedication to user-friendly interfaces and automated regulatory compliance are other noteworthy aspects of the changing scenery.

The Data Center Solutions Market is expected to grow from USD 338.8 billion in 2023 to USD 591.7 billion by 2028 at a Compound Annual Growth Rate (CAGR) of 11.8% during the forecast period, according to a new report by MarketsandMarkets™. The Data Center Solutions Market is fueled by the surging volume of data, accelerated adoption of cloud and edge computing, and the pervasive influence of technologies like AI and IoT. Opportunities arise from the demand for scalable and secure data management, the growth of hybrid and multi-cloud strategies, and the push towards sustainability. Additionally, factors such as 5G integration and heightened security needs contribute to a dynamic market with ample prospects for innovation and expansion.
Browse in-depth TOC on “Data Center Solutions Market”
225 – Tables 55 – Figures280 – Pages
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Scope of the Report
Report Metrics
Details
Market Size Available For Years
2018–2028
Base Year Considered
2023
Forecast Period
2023–2028
Forecast Units
Value (USD Million/Billion)
Segments Covered
Offering (Hardware, Software, Services), Tier Type, Data Center Type, Data Center Size, and Vertical
Regions Covered
North America, Europe, Asia Pacific, Middle East & Africa, and Latin America
Companies Covered
 AWS (US), Microsoft (US), Google (US), Equinix (US), Dell (US), Huawei (China), Digital Realty (US), NTT (Japan), KDDI (Japan), HPE (US), CyrusOne (US), China Telecom (China), Cyxtera Technologies (US), GDS Holdings (China), CoreSite (US), and others.
 
By offering, the hardware segment will hold the largest market size during the forecast period.
The hardware segment involves physical components that constitute a data center’s foundation, including servers, storage systems, networking equipment, and power and cooling infrastructure. Servers serve as the computational backbone, while storage systems house and manage data. Networking equipment facilitates communication between different components, and power and cooling solutions ensure efficient and reliable operation. Hardware offerings are characterized by continuous advancements in performance, energy efficiency, and scalability to meet the evolving demands of modern data centers. Data centers are increasingly adopting specialized hardware accelerators, such as GPUs for parallel processing and AI workloads, FPGAs (Field-Programmable Gate Arrays), and other accelerators designed to optimize performance for specific applications and tasks. The hardware segment has seen the emergence of modular and converged infrastructure solutions. These pre-integrated systems offer simplified deployment, scalability, and ease of management, providing a more streamlined approach to building and expanding data center infrastructure.
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By data center size, the mid-sized data center segment holds the second-largest market share during the forecast period.
Data centers considered mid-sized have an area ranging from 10,000 to 25,000 square feet. Both enterprises and cloud service providers use these types of data centers, and they are known for their ability to handle large amounts of computing power. Due to their operational costs and the need for energy efficiency, these data centers have tight constraints. To optimize the use of servers, mid-sized data centers have a high use of virtualized environments, and efficient allocation of data center resources is required. To facilitate high performance, efficient design, and easy deployment, these data centers are increasingly adopting data center transformation services. Organizations that have outgrown small data centers but do not require the extensive capacity of large data centers often opt for mid-sized facilities to meet their specific scaling requirements. Mid-sized data centers also offer a cost-effective solution for organizations seeking to expand their IT infrastructure without overspending. They have redundancy and high availability features, ensuring business continuity and minimizing the risk of downtime due to equipment failure or maintenance.
By region, Asia Pacific will grow at the highest CAGR during the forecast period.
The Data Center Solutions Market in the Asia Pacific (APAC) region is experiencing robust growth, driven by the rapid digitalization of economies, the proliferation of cloud services, and the increasing adoption of emerging technologies. Countries such as China, India, Japan, and Singapore are witnessing a surge in demand for data center infrastructure to support the expanding digital ecosystem. With the rise of e-commerce, IoT applications, and data-driven businesses, there is a pressing need for scalable and efficient data storage and processing facilities. The region’s data center market is also influenced by the deployment of 5G networks, fueling demand for edge computing and low-latency data processing.
Top Key Companies in Data Center Solutions Market:
Some of the key players operating in the Data Center Solutions Market are – AWS (US), Microsoft (US), Google (US), Equinix (US), Dell (US), Huawei (China), Digital Realty (US), NTT (Japan), KDDI (Japan), and HPE (US).
Recent Developments:
In December 2023, Equinix revealed its intentions to extend its backing for advanced liquid cooling technologies, including direct-to-chip solutions, to over 100 International Business Exchange (IBX) data centers across more than 45 cities globally. This initiative builds upon Equinix’s current provision that facilitates liquid-to-air cooling, incorporating in-rack heat exchangers in nearly all IBX facilities. The expansion aims to empower a broader spectrum of businesses to leverage high-performance cooling technologies suitable for robust, high-density hardware crucial for compute-intensive workloads such as Artificial Intelligence (AI).In November 2023, DXC Technology and AWS are expanding their collaboration to accelerate customers’ transition to modern, cloud-centric it. The partnership aims to facilitate the migration from aging data center facilities to agile, secure, and sustainable cloud solutions provided by AWS, driving down operating costs for DXC and its customers. Additionally, DXC plans to divest some of its current data centers to interested parties.In November 2023, Microsoft announced that it is increasing its presence in Canada by establishing several new data centers in Quebec. The company recently revealed its plan to invest $500 million in expanding its cloud computing and artificial intelligence infrastructure in Quebec over the next two years.In November 2023, Google announced the building of its Teros data center project in Uruguay. The company has officially submitted applications for the required environmental permits for the development.In October 2023, Telehouse initiated construction for a second data center at its TH3 Paris Magny campus in France. This development aligns with Telehouse’s strategic initiative to bolster European and national digital sovereignty. By enhancing hosting and connectivity capabilities at its existing European sites, the company aims to attract global Internet traffic to European grounds.In August 2023, Digital Realty introduced high-density colocation services on its global data center platform, PlatformDIGITAL. Featuring infrastructure configurations designed for high-performance computing (HPC), these services empower businesses to address challenges related to the rapid growth of unstructured data and leverage artificial intelligence (AI) with enhanced processing capabilities.In June 2023, Equinix revealed notable improvements to Equinix Fabric, including introducing virtual connections to cloud service providers at 25 and 50 gigabits per second (Gbps). These enhancements enable businesses to easily handle more extensive workloads, such as data-intensive AI training models or establishing scalable enterprise networks, by swiftly and seamlessly provisioning virtual connections to major cloud platforms.In June 2023, AWS is increasing its investment in Ohio data center operations, with plans to spend around $7.8 billion for expansion by 2030.In June 2023, NTT unveiled its most recent hyperscale data center campus, Chennai 2. Additionally, it introduced its subsea cable system, MIST, to the city. The Chennai 2 campus, situated in Ambattur and spanning 6 acres, represented a pioneering project with a planned total capacity of 34.8 MW for critical IT load across two data center buildings.In May 2023, Wipro announced that its FullStride Cloud Studio partnered with Google Cloud’s Rapid Migration Program (RaMP) to help clients fast-track their journey to the cloud and pursue a migration strategy anchored in business outcomes.In March 2023, NYIIX, operated by TELEHOUSE America (a KDDI Group company), launched a neutral Point of Presence (PoP) at Equinix, Inc., expanding Internet peering options in the New York Metropolitan Area. Equinix customers at their NY2 International Business Exchange (IBX) data center and connected facilities within the Secaucus campus, including NY4, 5, 6, and 7, can now access NYIIX peering services.In February 2023, Microsoft and SAP partnered to launch RISE with SAP on Microsoft’s hyperscale cloud data center region in Qatar. SAP customers in Qatar can now host RISE with SAP on Microsoft Azure, expanding the opportunities for building a cloud-first economy in Qatar, the GCC, and the MENA region.In January 2023, Google entered into a long-term lease agreement for a data center spanning approximately 381,000 square feet in Navi Mumbai, Idia. This strategic move is part of Google’s expansion of its cloud infrastructure in India, addressing the increasing demand in one of its key growth markets.Inquire Before Buying@ https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=232213604
Data Center Solutions Market Advantages:
Organisations may effectively increase or contract their computer capabilities in response to demand thanks to the scalable architecture that data centre solutions offer. Cost-effectiveness and appropriate resource utilisation are guaranteed by this scalability.High availability and dependability are guaranteed by the redundancy and failover measures incorporated into data centre technologies. This improves business continuity, reduces downtime, and protects against data loss.Advanced cooling technologies, effective power distribution, and hardware optimisations are all part of data centre solutions that prioritise energy saving. Lower power consumption and a smaller environmental effect result from this.Security features like encryption, access controls, and compliance adherence are given top priority in data centre solutions. These features assist companies in adhering to regulations and safeguard confidential information from unwanted access.The time required for resource provisioning and configuration is decreased by virtualization and automation, which allow for the flexible deployment of services and applications. Faster reaction to shifting company needs is made possible by this adaptability.Administrators have a unified picture of the data centre infrastructure thanks to centralised management tools. This makes it possible to efficiently manage resources, monitor them, and troubleshoot them from a single dashboard.Organisations can effortlessly combine cloud services with on-premises infrastructure thanks to data centre technologies that support hybrid and multi-cloud architectures. Because of its adaptability, a hybrid IT infrastructure can be created to meet unique company needs.Report Objectives
To define, describe, and forecast the global Data Center Solutions Market based on offerings, data center type, data center size, verticals, and regionTo provide detailed information about the major factors (drivers, opportunities, restraints, and challenges) influencing the growth of the Data Center Solutions MarketTo analyze the opportunities in the market for stakeholders by identifying the high-growth segments of the Data Center Solutions MarketTo forecast the market size concerning five central regions—North America, Europe, Asia Pacific, the Middle East & Africa, and Latin AmericaTo analyze the subsegments of the market concerning individual growth trends, prospects, and contributions to the overall marketTo profile the key players of the Data Center Solutions Market and comprehensively analyze their market size and core competenciesTo track and analyze competitive developments in the global Data Center Solutions Market, such as product enhancements, product launches, acquisitions, partnerships, and collaborations.Browse Adjacent Markets: Data Center and Networking Market Research Reports & Consulting
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Industrial Networking Solutions Market – Global Forecast to 2028
Software Defined Networking Market – Global Forecast to 2028
Data Center Transformation Market – Global Forecast to 2028
Managed Network Services Market- Global Forecast to 2026
Data Center Power Market- Global Forecast to 2025
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ZTE set to bring brilliant 5G-A highlights to MWC 2024, unfolding the intelligent future

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BARCELONA, Spain, Feb. 23, 2024 /PRNewswire/ — ZTE Corporation (0763.HK / 000063.SZ), a global leading provider of information and communication technology solutions, is proud to unveil the highlights of 5G-A during the Mobile World Congress 2024. This initiative aims to unlock the full potential of 5G technology and create infinite value.

Green Infrastructure Pursuing the Bit-Watt Perfect Curve
Industry’s first constant PA efficiency radio platform for optimal performanceThe latest radio platform achieves near-constant PA efficiency, ensuring optimal performance at all times. This enables 25-30 percentage points higher PA efficiency and 35% lower RRU power consumption than the industry average.  
0 bit 0 watt with industry-first hibernationThe industry’s first hibernation technology has been deployed at scale across over 300,000 AAUs to reduce the power consumption of AAU to as low as 5 watts when there is no traffic. This technology has also been applied to RRU, helping achieve power consumption as low as 3 watts when there is no traffic. For small cells, hibernation enables 0 watts for pRRUs when there is no traffic, and the cell can be awakened in seconds when there are any attempts of service access.
5G-A B2C: Seamless 10Gbps+ Experiences
Uni-Radio enables site simplification with 10 times fewer radios The Uni-Radio (A+P) achieves extremely simplified integration of 7-bands into 1, with dual-band AAU, the industry’s unique 5-band UBR and FDD full-band antenna, achieving a reduction of radio units from 10 to 1.
Industry-unique 12TR RRU goes extremely green, enabling superior energy efficiencyThe industry-unique dual-band 12TR RRU evolves based on a new platform, achieving near-constant PA efficiency. This enables a 35% lower RRU power consumption than the industry average. With the industry’s first RF pooling, the 12TR RRU enables inter-sector output power sharing. For any given sector, 4*120W can be used as 4x160W, achieving higher power efficiency.
Industry’s highest integration FDD Massive MIMO pushes the 4G capacity envelope even furtherThe tri-band FDD Massive MIMO supports all RATs from 2G to 5G and NB-IoT with an impressive 640W output power in only 115L, achieving up to 6 times throughput improvement. Additionally, AI beamforming enhances FDD Massive MIMO performance by 30%, while the industry-unique beam-level DSS optimizes spectrum utilization, achieving an additional 10% data rate gain.  
Industry’s largest bandwidth mmWave AAU empowers 5G-A 10Gbps+ experience The industry’s largest 1.6GHz bandwidth mmWave AAU enables single cell to achieve 28Gbps+ capacity, empowering 10Gbps+ experiences. It serves for diverse scenarios, including fixed wireless access (FWA), large-bandwidth mobile backhaul, and UHD live broadcasting, among others.  
5G-A B2B: Network-Cloud Integration, Service Commissioning in One Hour
UniEngine: All-in-one-box private 5G solution for core productionsUniEngine realizes all-in-one integration of 5G core, 5G RAN, and simplified O&M, while providing powerful computing to enable effortless deployment of 3rd party applications. Enhanced deterministic capabilities of RAN offer much improved service guarantees. The simplified O&M significantly assists even less experienced enterprises in rolling out their private 5G networks and enables end-to-end service performance monitoring.  
Indoor 5G-A CampSite creates new possibilities for TV broadcasting and VR entertainmentThe suitcase-sized CampSite is easy to deploy by one person. It integrates communication and computing, enabling 5G-A network setup within one hour. Additionally, with the inclusion of MiCell, the industry’s first mmWave distributed micro-cell and IF pooling solution, it achieves 2,500m2 coverage, providing up to 6Gbps downlink or 4Gbps uplink, with ultra-low latency of [email protected]% and high reliability. CampSite facilitates new use cases such as 5G-powered TV broadcasting, wireless large-scale and backpack-free VR entertainment, among others.  
5G-A B2X: Boosting the New Economy
Ultra-reliable 5G-A network and edge-cloud integration realize cost-efficient V2X for smart transportationZTE deployed the first 5G-A based vehicle-road-cloud integrated V2X network, empowering autonomous driving and enhancing traffic efficiency. The ultra-reliable network and the edge-cloud at base-station achieve [email protected]% latency, enabling L4 autonomous driving for L2 vehicles at speeds of up to 60km/h.  
5G-A NTN realizes universal connectivity through space-ground integrationZTE has developed the industry’s first NTN ground base station and completed the world’s first 5G IoT-NTN direct-to-cell trial over the S-band as well as the industry’s first maritime trial and NR-NTN lab and field trials. These efforts aim to provide capabilities for emergency communication, wide-area IoT, and internet services.   
Ubiquitous Intelligence: Achieving All-Round High Efficiency
5G-A BBU, the integration of communication and computation for rich AI applications5G-A BBU achieves seamless integration of communication and computation capabilities. Leveraging its computation capability, base-station native AI enhances RAN intelligence, enabling highly efficient service guarantees to boost traffic, implement more precise power-saving strategies, and facilitate L4 autonomous network O&M. By opening the computation resource open to third parties, cost-efficient app deployment at the base station becomes possible, enriching the range of new applications.   
AIGC empowered uSmartNet commercial used during a grand sports event in Asia Based on AIGC and digital twin technology, ZTE’s uSmartNet achieved the industry’s first smart games assurance during the event. This accomplishment resulted in zero major issue and zero major customer complaints, improving operational efficiency by 15% and reducing workload by 30%.
ABOUT ZTE:ZTE helps to connect the world with continuous innovation for a better future. The company provides innovative technologies and integrated solutions, and its portfolio spans all series of wireless, wireline, devices and professional telecommunications services. Serving over a quarter of the global population, ZTE is dedicated to creating a digital and intelligent ecosystem, and enabling connectivity and trust everywhere. ZTE is listed on both the Hong Kong and Shenzhen Stock Exchanges. www.zte.com.cn/global
FOLLOW US:Facebook  www.facebook.com/ZTECorpTwitter  www.twitter.com/ZTEPressLinkedIn  www.linkedin.com/company/zteYouTube www.youtube.com/@ZTECorporation
MEDIA INQUIRIES:ZTE CorporationCommunicationsEmail: [email protected] 

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MIAMI INVESTOR SUMMIT KICKS OFF TODAY WITH GLOBAL LEADERS DISCUSSING HUMANITY’S BIGGEST CHALLENGES

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MIAMI, Feb. 23, 2024 /PRNewswire/ — Leading figures from finance, government, business, tech, and innovation are convening to deliberate on a range of pressing economic and public policy issues at FII PRIORITY Miami summit, a major global investor summit, held today and tomorrow at Miami’s Faena Forum.

The summit brings together investors from around the world gathered with CEOs of major global corporations and policy experts to seek workable impactful solution to issues such as the regulation of AI. This year’s theme, ‘On the Edge of a New Frontier,’ reflects the profound changes the world is experiencing as technology transforms society and economies.
Richard Attias, CEO of FII Institute, said,”Today’s conversations reflected a sense of urgency as the world grapples with what to do about AI, political uncertainty, and changes in the shape of the global economy. And we bring these conversations to Miami—the new America—so we can chart a steadfast course towards a prosperous future, fully equipped with the insights and knowledge we need, harnessing the power of collective work and thought.”
In his opening conversation, H.E. Yasir Al-Rumayyan, Public Investment Fund Governor and Future Investment Initiative (FII) Institute Chairman, underscored the role of AI and its key contribution to future economies, saying “Al is coming in a big way! The impact will be very positive as soon as we have regulations in place to monitor, control, and enable this technology. AI could increase global GDP by 14%.”
Michael Dell, Chairman and CEO of Dell Technologies, addressed the issue of AI regulation, and how CEOs can innovate through periods of extreme volatility and pivot towards future trends, adding “regulations will struggle to match the rapid pace of technological change and may be outdated within a year. We have to ensure that emerging technologies reflect humanity and our system of values and beliefs.”
The summit’s much anticipated roundtable of global CEOs, entitled the “Board of Changemakers,” discussed trends and economic outlook. Participating in this year’s roundtable were Pamela Liebman, President and CEO of The Corcoran Group; Pierre Beaudion, Chairman of the Board of Bombardier Inc; Jenny Johnson, President and CEO of Franklin Templeton; Marcello Claure, Founder and CEO of Claure Group; and Stephen A. Schwarzman, Co-Founder, Chairman & CEO of The Blackstone Group. The session underscored the impact of digitalization, particularly blockchain and AI, on future investments, advocating for regulation and ethical usage. The members of the board also highlighted AI’s massive role in increasing efficiency and how AI can be harnessed to resolve climate change issues.
Mike Pompeo, 70th Secretary of State of the United States and Executive Chairman of Impact Investments, addressed the economic consequences of conflict, saying: “in the economic sphere, the connectivity between the things happening geopolitically is now ever more closely tied to thinking about investments and capital flows. It is impossible to separate geopolitical risk from capital allocation.”
Conclave sessions were held for select senior participants to delve into the concerns relevant to their sectors with full transparency.  For example, the conclave on AI convened many leading figures involved in the development of technologies, governance of AI, technology investment, and regulation, with a number of global initiatives on AI regulation presented
A special address by former Treasury Secretary Dr. Lawrence H. Summers, Charles W. Eliot University Professor & President Emeritus at Harvard University, and board member at OpenAI, highlighted economic and political contexts, including prospects for soft or hard economic landing, and likely outcomes of the US election. Dr. Summers was joined by Eric Schmidt, co-founder of Schmidt Fututes, who noted that AI is likely to double everyone’s productivity, underscoring the importance of AI regulation, he added “there are questions about what happens when computers start to make decisions.”
FII Institute’s Founding Partner is the Public Investment Fund of Saudi Arabia, which, alongside the Vision Partner, the Ministry of Investment of Saudi Arabia, and 26 international strategic partners are actively involved in the ongoing work of the institute. The FII Institute welcomed two new strategic partners at the summit: ACWA Power and Franklin Templeton. Speakers from strategic partners Franklin Templeton, GFH, HSBC, NEOM, ROSHN, Sanabil, Softbank, and State Street shared updates on their international projects relevant to the themes of the summit.
Notes to EditorFor media inquiries, please contact:Phone: +966 53 978 2030Email: [email protected]
The Future Investment Initiative (FII) Institute is a global non-profit foundation driven by data with an investment arm and one agenda: Impact on Humanity. Global and inclusive, we foster great minds from around the world and turn ideas into real-world solutions in four critical areas: Artificial Intelligence (AI) & Robotics, Education, Healthcare and Sustainability.
The FII PRIORITY Miami summit continues conversations held in Hong Kong and Riyadh in Autumn 2023. It is part of an ongoing global program of summits held throughout the year, with upcoming summits in Rio de Janeiro in June and Asia later in the year.
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Securitas issues a MEUR 500 Eurobond

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STOCKHOLM, Feb. 23, 2024 /PRNewswire/ — Securitas has today successfully closed a MEUR 500 bond in the Eurobond market with maturity in 2030. The coupon was 3.875 percent including a margin of 115 basis points.

The proceeds will mainly be used to refinance existing debt. 
The joint lead managers were BofA Securities, CIC, Commerzbank, Danske Bank, DNB and UniCredit. 
Further information:
Investors: Micaela Sjökvist, Vice President, Investor Relations, +46 76 116 7443, [email protected]
The following files are available for download:
https://mb.cision.com/Main/1062/3934748/2624675.pdf
Eurobond_Eng_20240223

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