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Fax Services Market is Set to Reach $5.47 Billion by 2028, Cloud and Hybrid Solutions Leading the Future of the Market – Arizton

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CHICAGO, Jan. 31, 2024 /PRNewswire/ — According to Arizton’s latest research report, the fax services market is growing at a CAGR of 11.03% from 2022 to 2028. 

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Browse in-depth TOC on the Fax Services Market       
270 – Pages                  94 – Tables        71 – Figures   
The Global Fax Services Market Report Scope
Report Attributes
Details
Market Size (2028)
USD 5.47 Billion
Market Size (2022)
USD 2.92 Billion
CAGR (2022-2028)
11.03 %
Base Year
2022
Forecast Year
2023-2028
Market Segmentation
User Type, Service Type, Industry-users, and Geography
Geographic Analysis
North America, Europe, APAC, Latin America, and Middle East & Africa
Market Dynamics
•  Growing Banking Industry
•  Flexibility & Scalability of Internet Fax
•  Automation of Fax Workflow
•  Regulatory Compliance
•  Data Security & Portability
 
Fax services have undergone significant transformations over the past two decades, yet traditional methods still hold a notable 10% share of usage. Despite the persistence of traditional fax machines globally, the evolution of modern fax systems has seen a remarkable leap due to digital technology. Analog signals from scanners are now converted into digital format and compressed, facilitating the transmission of large data volumes over standard phone lines. While large enterprises predominantly favor on-premises FOIP (Fax Over IP) solutions, the rise of cloud-based VOIP (Voice Over IP) services is expected to drive the emergence of hybrid fax services, thus expanding the fax services market. Moreover, the increasing adoption of Cloud-based fax services across various industries, such as healthcare, automotive, telecom, and retail, is driven by the need for secure and reliable communication solutions amidst digital transformation efforts. Factors like the demand for cost-effective communication solutions, the uptake of cloud-based technologies, and growing awareness of the benefits of cloud-based solutions and integration of AI and ML are poised to propel the market demand.
Fax Services Embrace Cloud and Hybrid Solutions for Modern Communication Needs
The increased adoption of cloud-based communication and collaboration platforms has recently driven the global fax services market. Several organizations offer fax solutions, such as data and voice services, as part of their communication and collaboration platforms. For instance, major vendors, such as RingCentral and eFax (Consensus Cloud Solutions), provide cloud-based phone systems and other voice and data services. In addition, few vendors offer secure information exchange solutions, such as Open Text. Computer-based fax services were introduced around 30 years ago. Faxes were sent in the same manner as a frame of analog television, with each scanned line transmitted as a continuous analog signal. Horizontal resolution depended upon the value of the scanner, transmission line, and printer. Since then, the market has witnessed significant changes with the introduction of fax as part of Voice over Internet Protocol (VOIP) communication and cloud-based faxing services. The use of computer-based analog fax services declines, whereas Fax over Internet Protocol (FOIP) connectivity will likely prevail until the end of the forecast period. A significant development of the modern fax system resulted from digital technology, where the analog signal from scanners was digitized and then compressed, resulting in the ability to transmit a large amount of data across standard phone lines. The use of on-premises FOIP solutions is still higher among large enterprises worldwide. The increased adoption of cloud-based VOIP services will likely lead to the growth of hybrid fax services, thereby reducing the deployment of traditional on-premises fax services. Most providers offer on-premises faxing solutions and cloud-based faxing solutions. Some vendors have innovated their offerings among the on-premises providers by introducing cloud-based and hybrid fax services, namely Open Text and Biscom. On-premise fax providers depend on fax hardware providers, such as Dialogic, for fax board physical and virtual infrastructure solutions. The on-premises deployment of fax services has shifted from standalone physical server deployment modules to virtual server deployment modules.
North America Leading the Market Share
In 2022, with a market share of 48.75%, the North American region dominated the global fax services market. The significant contribution came from the US, with a market share of 62.60%. The Canadian market is expected to grow significantly. A leading Canadian online fax provider added at least 1,000 new customers for its services every month in the North American region. Therefore, North America will remain a major revenue generator during the forecast period, with identified growth among SMEs in all industry sectors. In addition, the use of on-premises fax services is prevalent in the region. With the growth of cloud-based communication and collaboration platforms, the adoption of cloud-based and hybrid faxing will continue to grow over the next few years. In 2022, North America was followed by Europe, with a market share of around 27.49%. The UK, Germany, France, Italy, and Russia led the European region. Ireland and Spain are other countries with considerable growth in adopting online fax services. The contribution from Eastern European countries is still low, and data localization laws in the region are expected to propel the market during the forecast period. In Europe, the migration to cloud-based and hybrid fax services will be a key driver for the market’s growth. Some corporate customers use on-premises fax server solutions hosted in data centers.
Healthcare Users to Occupy Largest Share in the Fax Services MarketIn 2022, the healthcare sector emerged as the primary growth driver in the global fax services market. Given the sector’s stringent regulations and emphasis on safeguarding patient data, security and privacy remain paramount. While email presents an alternative, its susceptibility to breaches poses significant privacy risks. Many healthcare organizations have turned to fax server (FOIP) solutions for secure document transmission to address these concerns. Furthermore, the rise in operational costs and a growing focus on environmental sustainability have fueled the expansion of cloud-based fax services. The increasing adoption of record management applications among small and medium-sized healthcare providers, including physicians and specialists, is expected to propel market growth further. However, the emergence of online portals for healthcare communication presents a notable challenge. While these portals offer convenience, security concerns may drive continued support on fax services for secure data transmission within the healthcare industry.
The Fax Services Market Report Encompasses Crucial Data, Including:     CAGR (Compound Annual Growth Rate) during the forecast period: This metric provides insights into the annual growth rate of the fax services market over the specified time frame.     Detailed information on growth drivers: The report offers in-depth information on the factors that will propel the fax services market growth from 2023 to 2028. This includes an analysis of various market influences.     Precise estimation of market size: Accurate assessments of the fax services market size and its contribution and focusing on key market segments.     Predictions about upcoming trends and changes in consumer behavior: The report offers insights into anticipated trends and shifts in consumer behavior that are likely to impact the fax services market, helping businesses prepare for future market dynamics.     Geographical market growth: The report covers the development of the fax services market across different regions, including North America, Europe, APAC, Latin America, the Middle East, and Africa. This provides a comprehensive understanding of the market’s global landscape.     Competitive landscape analysis: A thorough examination of the market’s competitive landscape is presented, including detailed information about companies operating in the fax services market. This includes an overview of key players, their market share, strategies, and key developments.     Analysis of growth challenges: The report includes a comprehensive analysis of factors that may pose challenges to the growth of companies in the fax services market, providing a well-rounded view of the market dynamics.   
Buy this Research @ https://www.arizton.com/market-reports/fax-services-research-report
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1hr of free analyst discussion10% off on customizationKey Company Profiles
Consensus Cloud SolutionsBiscomDropboxRingCentralOpenTextConcordActFaxAlhambraMDaemon TechnologiesCeloCopiaEskeretherFAXExtracommEC Data SystemsFaxcoreGFI SoftwareiFAXImagicleUplandUtboxSoftlinxPamConsultRetarusOceanX TechnologyAlohiMedsenderFAXAGESRFaxFAX.PLUSFaxBurnerMarket Segmentation
User Type
Large EnterprisesSmall & Medium Enterprises (SMEs)Individuals & Home OfficesService Type
On-premises Fax SolutionsCloud-based Fax ServicesHybrid Fax SolutionsIndustry-users
HealthcareBanking, Financial Services, & Insurance (BFSI)LegalManufacturingOthersGeography
North AmericaThe USCanadaEuropeThe UKGermanyFranceItalyRussiaSpainAPACAustraliaJapanChinaIndiaSouth KoreaMiddle East & AfricaSouth AfricaThe UAESaudi ArabiaLatin AmericaBrazilMexicoArgentinaCheck Out Detailed TOC @ https://www.arizton.com/market-reports/fax-services-research-report?details=tableOfContents
Key Questions Answered in the Report How big is the fax services market?What is the growth rate of the global fax services market?Which region dominates the global fax services market share?What are the significant trends in the fax services market?Who are the key players in the global fax services market?
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Validation Cloud Secures $5.8 Million in Inaugural Funding to Propel Web3 Infrastructure

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ZUG, Switzerland, Feb. 28, 2024 /PRNewswire/ — In a significant stride towards revolutionizing Web3 infrastructure, Validation Cloud has proudly announced the successful closure of its first external investment round, amassing $5.8 million. Spearheaded by San Francisco-based Cadenza Ventures, this funding round exceeded expectations with contributions from an impressive roster of international investors, including Blockchain Founders Fund, Bloccelerate, Blockwall, Side Door Ventures, Metamatic, GS Futures, and AP Capital.

Alex Nwaka, Co-Founder of Validation Cloud, expressed enthusiasm about the funding, “This investment marks a pivotal moment for Validation Cloud as we aim to address the urgent demand for scalable and compliant Web3 infrastructure. We’re honored to collaborate with our investors who are instrumental in propelling the global adoption of our platform among cutting-edge networks, developers, and asset managers.”
Validation Cloud is at the forefront of Web3 technology, having developed an innovative system architecture that paves the way for significant advancements in the sector. Known as the “Cloudflare of Web3,” the company offers a robust, scalable, and intelligent platform providing Staking, Node API, and Data services, drawing inspiration from Cloudflare’s transformative impact on Web2 infrastructure.
Founded by veterans in the Proof-of-Stake domain, Validation Cloud boasts a team of highly experienced professionals from renowned organizations such as Uber, Workday, Deloitte, Citadel, Morgan Stanley, Binance, Crypto.com, Figure, R3, and more, emphasizing a talent-first approach with a worldwide workforce.
Kumar Dandapani, Managing Partner at Cadenza Ventures, highlighted the strategic vision behind their investment, “At Cadenza, we do not invest in just any company; we invest in the future of transformative technologies. Validation Cloud’s pioneering role in Proof-of-Stake and their relentless pursuit of next-generation Web3 infrastructure have set them apart as leaders in the Web3 space.”
Aly Madhavji, Managing Partner at Blockchain Founders Fund, shared his thoughts on the investment, “We believe in the transformative power of Web3 and its ability to redefine how businesses operate. Investing in Validation Cloud aligns perfectly with our vision of supporting innovative platforms that are ready to lead the next wave of digital transformation.”
Validation Cloud has earned a reputation for its close partnerships with networks from their nascent stages, supporting a wide array of ecosystems from established ones like Chainlink, Hedera, and Stellar to emerging networks such as Aptos, Eigenlayer, and Berachain. Their platform lays the groundwork for the enterprise adoption of networks, positioning Validation Cloud as a key player in the Web3 infrastructure landscape.
For further details on Validation Cloud and its offerings, please visit www.validationcloud.io.
Please contact: Kelly Clark, Director of Communications | [email protected] 
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MWC 2024 | Huawei Multilayer Ransomware Protection (MRP) Solution Becomes the First to Get Tolly-certified

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BARCELONA, Spain, Feb. 28, 2024 /PRNewswire/ — At MWC Barcelona 2024, Huawei’s Multilayer Ransomware Protection (MRP) Solution was certified by Tolly Group, an authoritative international testing organization. The test results show that Huawei MRP detected 100% of the ransomware samples through network-storage collaboration. Network devices can perceive information and level of the ransomware, and collaborate with storage devices for blocking and protection, restoring services to the normal state.

Ransomware attacks continue to be a global threat, with the service, IT, and manufacturing industries being the primary targets. Therefore, it is crucial for enterprises to enhance the “immunity” of their data centers to protect against viruses and ransomware attacks, and to ensure the stable operation of their core service systems.
Huawei MRP solution is the first ransomware protection solution in the industry to achieve network-storage collaboration, and provides a two-line defense that includes six-layers of protection. The network is the first line of defense for security defense, providing intrusion prevention at the network border and intranet spread prevention. The storage is the last line of defense for data protection, providing storage protection, secure snapshot, backup protection, and isolation zone protection. The MRP solution builds an in-depth defense system with pre-, in-, and post-event phases, which complies with the Identify, Protect, Detect, Respond and Recover (IPDRR) cyber security framework of the National Institute of Standards and Technology (NIST). It is a systematic solution to defend against ransomware attacks, and it can better meet the requirements of global enterprises to provide high security for data center infrastructure.
The MRP solution test involves 21 test cases. The MRP solution passed all of them. The test covers collaborative detection, collaborative blocking, collaborative protection, and service recovery.
At MWC 2024, Kevin Tolly, founder of the Tolly Group, issued the “Huawei Multilayer Ransomware Protection (MRP) Solution” certificate to Huawei. He said, “This test covered all four aspects of ransomware protection, including virus detection, virus blocking, system protection, and system recovery. It used 21 typical test scenarios and is the most comprehensive and strict test that Tolly has conducted so far on ransomware protection. The test results show that the capability of Huawei MRP solution is industry-leading.”
For more information, please download the test report at:
https://www.tolly.com/publications/detail/224103 
For details about Huawei MRP, please visit: https://e.huawei.com/en/solutions/data-center/multi-level-data-center/mrp
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Data Center Colocation Market to Reach $46.30 Billion by 2028, More than 5,175.6 MW Power Capacity to be Added in the Next 6 Years – Arizton

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data-center-colocation-market-to-reach-$4630-billion-by-2028,-more-than-5,175.6-mw-power-capacity-to-be-added-in-the-next-6-years-–-arizton

CHICAGO, Feb. 28, 2024 /PRNewswire/ — According to Arizton’s latest research report, the data center colocation market is growing at a CAGR of 7.25% from 2022 to 2028.

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Browse In-Depth TOC on the Data Center Colocation Market
932– Pages           238 – Tables           546 – Figures  
The Global Data Center Colocation Market Report Scope
Report Attributes
Details
Market Size (2028)
USD 46.30 Billion
Market Size (2023)
USD 30.42 Billion
CAGR by Investment (2022-2028)
7.25 %
Market Size – Area (2028)
25.97 million Square Feet
Power Capacity (2028)
5,175.6 MW
Colocation Market by Revenue (2028)
USD 84.61 Billion
Base Year
2022
Forecast Year
2023-2028
Market Segmentation
Colocation Service, Infrastructure, Electrical Infrastructure, Mechanical Infrastructure, Cooling Systems, Cooling Techniques, General Construction, and Geography
Geographical Analysis
North America, Latin America, Western Europe, Nordics, Central & Eastern Europe, Middle East, Africa, APAC, and Southeast Asia
 
The global data center colocation market is experiencing significant growth owing to the expanding use of IoT, cloud computing, and AI/ML technologies. Governments in various countries have launched digitalization initiatives to promote economic development, thereby boosting the operator confidence in managing data centers in the whole region. For example, the UK government implemented a cloud strategy to enhance the country’s adoption of cloud services. This has created a favorable environment for adopting cloud services among the Small and Medium-Sized Enterprises (SMEs) in Europe as businesses increasingly recognize the benefits of digital transformation. The considerable growth in demand for colocation data centers can be attributed to regional organizations continuing to migrate their workloads to the cloud. This has attracted investments from both local and global data center providers.
Growing M&A and Joint Ventures in the Data Center Colocation Market
In the global market, joint ventures and mergers and acquisitions are commonly used strategies for businesses to expand, collaborate, or restructure their operations. The data center industry has witnessed significant joint ventures, mergers, and acquisitions. Additionally, there is an influx of companies from the real estate industry acquiring data center companies to enter the market. These acquisitions and JVs provide opportunities for new players to enter the market, attract customers, and gain a larger market share. Private equity firms are rapidly expanding their investment, considering the increasing demand for data centers and better returns in the short term. New players are entering the market by acquiring existing data center operators or forming joint ventures. Several colocation vendors in the Latin America data center colocation market are actively participating in mergers and acquisitions. For instance, in March 2022, Equinix acquired four data centers of Entel, located in Chile and Peru. In December 2022, Aligned Data Centers agreed to acquire ODATA, marking the company’s entry into the Latin American market.
In Europe, colocation prices vary from country to country. Markets such as the UK, Germany, and France account for the highest colocation pricing in Europe compared to the other markets. The data center colocation market will continue to witness several mergers and acquisitions as large providers or investment trusts continue to propel their market share and presence in the region, thereby driving the colocation market growth. Retail colocation spaces will register a higher demand than wholesale colocation spaces in the region. Conversely, other European markets may offer more competitive pricing due to various factors, including lower operating costs, access to renewable energy sources, and emerging data center hubs. The colocation market in Western Europe is expected to witness several mergers and acquisitions as large providers or investment trusts aim to increase their market share and presence. This consolidation is anticipated to contribute to the continued growth and competitiveness of the European colocation market.
Geographical Overview
Many data center investments are witnessed in the US, driven by the deployment of 5G, technological advances, the adoption of Big data and IoT, digitalization, and the development of smart cities. The Southeastern region, particularly North Virginia, is considered the global data center capital, hosting a high concentration of facilities. Virginia, Texas, California, and Georgia are the top states attracting investments from global operators. In Arizona, businesses in FTZs can receive significant tax reductions. The Northeastern region faces space constraints for data center development, leading to expansions in large-scale colocation facilities. Salt Lake City experiences significant demand from the IT, cloud, entertainment, media, and retail sectors, while Chicago experiences rapid growth and is expected to continue expanding. The US data center colocation market is expected to see the entry of new players. In 2022, notable newcomers, such as AUBix, Edge Centres, Corscale Data Centers, Yondr, and Quantum Loophole, entered the market. However, these newcomers will face competition from both local and established global players in the market. The US data center colocation market is set to continue its revenue growth. This growth will be fueled by providers who construct new facilities and expand their existing capacities. In 2022, the US market experienced notable M&As due to increased industry demand. This led to data center suppliers entering M&A contracts to expand their portfolios. This trend is expected to persist throughout the forecast period. New entrants aiming to expand their revenue will also contribute to the growth of the colocation market in the US.
What’s Included
Comprehensive coverage of the global data center colocation market regarding investments and service revenue generated by operators in offering colocation services worldwide.Market estimations by investment, area, and power capacity globally and across key geographies – 8 regions and 50+ countries covered.The data center market investments are classified into multiple segments (electrical, mechanical, and general construction services) and sub-segments (UPS, generators, cooling systems, and others) with sizing and forecast.Market size and estimation for colocation services, i.e., revenue generated by colocation service providers offering retail and wholesale colocation services across 8 regions and 50+ countries.A detailed study of the existing market landscape, an in-depth industry analysis, and insightful predictions about the growth trajectory of the market and its sub-segmentsA comprehensive analysis of the key market enablers, latest trends, restraints, and growth prospects for the industryBusiness overview and service offerings of colocation service providers in the global market.A transparent research methodology and the analysis of the demand and supply aspects of the industry.The Global Data Center Colocation Market Report Encompasses Crucial Data, including:       
CAGR (Compound Annual Growth Rate) during the forecast period: This metric provides insights into the annual growth rate of the data center colocation market over the specified time frame.       
Detailed information on growth drivers: The report offers in-depth information on the factors that will propel the data center colocation market growth from 2022 to 2028. This includes an analysis of various market influences.       
Precise estimation of market size: Accurate assessments of the data center colocation market size and its contribution and focus on key market segments.       
Predictions about upcoming trends and changes in consumer behavior: The report offers insights into anticipated trends and shifts in consumer behavior that are likely to impact the data center colocation market, helping businesses prepare for future market dynamics.       
Geographical market growth: The report covers the development of the data center colocation market across different regions, including North America, Latin America, Western Europe, Nordics, Central & Eastern Europe, Middle East, Africa, APAC, and Southeast Asia. This provides a comprehensive understanding of the market’s global landscape.       
Competitive landscape analysis: A thorough examination of the market’s competitive landscape is presented, including detailed information about companies operating in the data center colocation market. This includes an overview of key players, their market share, strategies, and key developments.       
Analysis of growth challenges: The report includes a comprehensive analysis of factors that may pose challenges to the growth of companies in the data center colocation market, providing a well-rounded view of the market dynamics.
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1hr of free analyst discussion10% off on customizationProminent Data Center Investor
China Mobile InternationalChina TelecomChina UnicomChindata GroupCoreSiteCyrusOneDigital RealtyEdgeConneXEquinixGDS ServicesNTT DataSTACK InfrastructureST Telemedia Global Data CentresVantage Data CentersVNETOther Prominent Vendors
365 Data CentersAdaniConneXAfrica Data CentresAirTrunkAligned Data CentersAmerican TowerAtmanatNorth (Partners Group)AT TOKYOArubaBig Data Exchange (BDx)CDC Data CentresCenter3ChayoraCloudHQCologixColt Data Centre Services (Colt DCS)Compass DatacentersCOPT Data Center SolutionsCtrlS DatacentersCyxtera Technologies (Brookfield Infrastructure Partners)DATA4DataBankDC BLOXDCI IndonesiaEdge CentresePLDTFlexentialGlobal SwitchGreen MountainGulf Data HubH5 Data CentersHostDimeIron MountainInternet ThailandKDDIKeppel Data CentresKhazna Data CentersLG UplusMettaDCNEXTDCOpen Access Data CentresOrange Business ServicesPrinceton Digital GroupQTS Realty TrustRostelecom Data CentersSabey Data CentersSkybox DatacentersStream Data CentersScala Data CentersSify TechnologiesSUNeVison Holdings (iAdvantage)SwitchT5 Data CentersTenglong Holding GroupTierPointTurkcellUrbacon Data Centre SolutionsViettel IDCWinguYondrYotta InfrastructureNew Entrants
AQ ComputeCorscale Data CentersGaw Capital PartnersEDGNEX Data Centres by DAMACESRGatineau Data Hub (GDH)iMCriticalIXAfricaKasi CloudPowerHouse Data CentersQuantum LoopholeQScaleYCO CloudYTL Data CenterMarket Segmentation
Colocation Services
Retail ColocationWholesale ColocationInfrastructure
Electrical InfrastructureMechanical InfrastructureGeneral ConstructionElectrical Infrastructure
UPS SystemsGeneratorsTransfer Switches & SwitchgearPDUsOther Electrical InfrastructureMechanical Infrastructure
Cooling SystemsRacksOther Mechanical InfrastructureCooling Systems
CRAC & CRAH UnitsChiller UnitsCooling Towers, Condensers & Dry CoolersEconomizers & Evaporative CoolersOther Cooling UnitsCooling Techniques
Air-based CoolingLiquid-based CoolingGeneral Construction
Core & Shell DevelopmentInstallation & Commissioning ServicesEngineering & Building DesignFire Detection & SuppressionPhysical SecurityDCIM/BMS SolutionsGeography
North AmericaThe USCanadaLatin AmericaBrazilMexicoChileColombiaThe Rest of Latin AmericaWestern EuropeThe UKGermanyFranceNetherlandsIrelandSwitzerlandItalySpainBelgiumPortugalOther Western European CountriesNordicsDenmarkSwedenNorwayFinland & IcelandCentral & Eastern European CountriesRussiaPolandAustriaThe Czech RepublicOther Central & Eastern European CountriesMiddle EastThe UAESaudi ArabiaIsraelOmanQatarKuwaitJordanBahrainOther Middle Eastern CountriesAfricaSouth AfricaKenyaNigeriaEgyptEthiopiaOther African CountriesAPACChinaHong KongAustraliaNew ZealandIndiaJapanTaiwanSouth KoreaThe Rest of APACSoutheast AsiaSingaporeMalaysiaThailandIndonesiaPhilippinesVietnamThe Other Southeast Asian CountriesCheck Out Detailed TOC @ https://www.arizton.com/market-reports/data-center-colocation-market?details=tableOfContents
Key Questions Answered in the Report
How big is the data center colocation market?
What is the growth rate of the global data center colocation market?
What is the estimated market size in terms of area in the global data center colocation market by 2028?
What are the key trends in the data center colocation market?
How many MW of power capacity is expected to reach the global data center colocation market by 2028?
About Our Data Center Capabilities  
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