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Data Center Market Size In China is set to grow by USD 181.33 billion from 2024-2028, Rising demand for hyper-converged data centers boost the market, Technavio

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NEW YORK, July 24, 2024 /PRNewswire/ — The data center market size in China is estimated to grow by USD 181.33 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 34.28% during the forecast period. Rising demand for hyper-converged data centers is driving market growth, with a trend towards use of server disaggregation to improve utilization rates. However, growing focus on consolidating data centers poses a challenge. Key market players include Alibaba Group Holding Ltd., AT and T Inc., Baidu Inc., Beijing Sinnet technology Co. Ltd., China Mobile Ltd., China Telecom Corp. Ltd., China Unicom Hong Kong Ltd., CICC Data Group Co. Ltd., Digital Realty Trust Inc., Eaton Corp. Plc, Equinix Inc., Fujitsu Ltd., GDS Holdings Ltd., Global Switch Ltd., Shanghai Dataport Co. Ltd., Telstra Corp. Ltd., Tencent Holdings Ltd., VNET Group Inc., Wangsu Science and Technology Co. Ltd., and Zenlayer Inc..

Get a detailed analysis on regions, market segments, customer landscape, and companies- View the snapshot of this report

Data Center Market In China Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 34.28%

Market growth 2024-2028

USD 181335.6 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

25.64

Regional analysis

China

Performing market contribution

APAC at 100%

Key countries

China

Key companies profiled

Alibaba Group Holding Ltd., AT and T Inc., Baidu Inc., Beijing Sinnet technology Co. Ltd., China Mobile Ltd., China Telecom Corp. Ltd., China Unicom Hong Kong Ltd., CICC Data Group Co. Ltd., Digital Realty Trust Inc., Eaton Corp. Plc, Equinix Inc., Fujitsu Ltd., GDS Holdings Ltd., Global Switch Ltd., Shanghai Dataport Co. Ltd., Telstra Corp. Ltd., Tencent Holdings Ltd., VNET Group Inc., Wangsu Science and Technology Co. Ltd., and Zenlayer Inc.

Market Driver

Data centers in China are facing the challenge of increasing power consumption due to the growing adoption of cloud computing, AI, machine learning, and IoT workloads. To address this issue, server disaggregation is gaining popularity as a solution. This approach logically separates server components into memory and compute subsystems, increasing server efficiency and reducing power consumption. With server disaggregation, workloads can utilize exactly the resources they need, preventing the need for replacing entire servers for just one component. Vendors are introducing composable server infrastructure solutions to help data centers in China allocate resources dynamically and efficiently, driving market growth during the forecast period.

The Data Center market in China is witnessing significant growth due to increasing digital services and data storage needs. Regulatory requirements and expanding user bases drive businesses to prioritize scalability and efficiency in their infrastructure. This includes increasing storage capacity, computing power, and adopting green data centers with renewable energy sources like solar, wind, and hydroelectric electricity. Energy-efficient solutions and the rollout of 5G networks are also key trends. Businesses, including large enterprises and cloud service providers, are investing in data centers for hyper scalability and modern processes. The market consists of hardware and software segments, with enterprise network equipment, virtualization, and professional services playing crucial roles. Traditional data centers are being replaced by modularized, compact, and portable options, which offer cost savings and flexibility. Despite the high initial cost, data center operators are turning to hyperscale and hyper-dense server racks for advanced technologies like Artificial Intelligence and Machine Learning.

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Market Challenges

Infrastructure-as-a-Service (IaaS) is a cloud computing concept that enables organizations to utilize virtualized computing resources over the Internet. The adoption of IaaS has resulted in data center consolidation, which involves reducing data center sizes or merging facilities. This consolidation leads to cost savings as organizations shift to common cloud platforms. However, the transition to virtualized storage requires careful planning for efficiency and capacity. Virtualization increases I/O streams through resource pooling, but efficiency can be compromised due to the high IOPS. Data center consolidation is a complex process requiring expertise and time, and carries risks. Despite these challenges, the focus on consolidation is expected to negatively impact the growth of the data center market in China during the forecast period.The Data Center market in China is experiencing significant growth due to the increasing demand for digital data from organizations, driven by remote working and the internet. Hyperscale data centers and cloud service providers lead this trend, requiring high server rack density and advanced technologies like Artificial Intelligence and Machine Learning. Traditional data centers face challenges in hyper scalability, sustainability, and automation. Modular data centers offer a solution, but small enterprises may find the upfront costs prohibitive. Technology providers are focusing on energy efficiency and green data centers to address concerns over electricity consumption and sustainability. The Department of Energy is pushing for modern business processes and asset performance management to optimize data center capacity and functionality. Information security is a top concern, with software testing and enterprise engineering solutions essential for maintaining operating conditions. Global traffic and internet usage continue to surge, driving the need for cloud computing and edge computing. Energy consumption remains a challenge, with electricity costs a significant expense. Organizations must balance functionality and cost-effectiveness while ensuring data security. Overall, the Data Center market in China presents both opportunities and challenges for businesses and technology providers alike.

For more insights on driver and challenges – Request a sample report!

Segment Overview

This data center market in China report extensively covers market segmentation by

Component1.1 IT infrastructure1.2 Power management1.3 Mechanical construction1.4 General construction1.5 OthersEnd-user2.1 BFSI2.2 Telecom and IT2.3 Government2.4 Energy and utilities2.5 OthersGeography3.1 APAC

1.1 IT infrastructure- The Data Center market in China continues to grow, with significant investments from domestic and international companies. In 2020, the market size was valued at over USD30 billion and is projected to reach USD60 billion by 2025. Key drivers include increasing digitalization, cloud adoption, and data protection regulations. Companies like Alibaba, Tencent, and Huawei are major players, expanding their data center capacities to meet growing demand. China’s favorable business environment and large population make it an attractive market for data center investments.

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2017-2021) – Download a Sample Report

Learn and explore more about Technavio’s in-depth research reports

The global Data Center Colocation and Managed Hosting Services Market is experiencing significant growth, driven by increasing demand for scalable, cost-effective IT solutions. Parallelly, the global Containerized and Modular Data Center Market is expanding due to rising adoption of flexible and efficient data center solutions. Additionally, the global Data Center Infrastructure Management (DCIM) Solutions Market is thriving as organizations seek enhanced visibility and control over data center operations. These markets are pivotal in supporting the evolving needs of businesses in a rapidly digitizing world.

Research Analysis

The Data Center Market in China is experiencing significant growth due to the increasing demand for digital services and expanding user base. Businesses require more storage capacity and efficient infrastructure to support modern processes and advanced technologies like Artificial Intelligence and Machine Learning. Regulatory requirements are also driving the need for data centers that prioritize sustainability and energy efficiency. Renewable energy sources, such as solar, wind, and hydroelectric electricity, are being integrated into data centers to reduce carbon emissions. Hyper scalability and automation are essential for business scalability, while energy-efficient solutions and 5G network enable faster data transmission speeds and edge computing services. Micro data centers and cloud services are also gaining popularity among large enterprises for their cost-effectiveness and flexibility. Overall, the Data Center Market in China is a dynamic and innovative space, driven by the demands of the digital economy and the pursuit of sustainability.

Market Research Overview

The Data Center Market in China is experiencing significant growth due to the expanding user base and increasing digital services adoption. Businesses require more data storage needs to support modern business processes, leading to a surge in demand for efficient infrastructure with high computing power. Regulatory requirements for data security and sustainability are driving the adoption of green data centers, which utilize renewable energy sources like solar, wind, and hydroelectric electricity. Energy-efficient solutions are essential for data center operators to reduce their carbon footprint and lower operating costs. The market comprises various segments, including hardware, software, and professional services. The hardware segment includes server racks, enterprise network equipment, and virtualization solutions. The software segment offers cloud services, data transmission services, and edge computing services. Modularized data centers, micro data centers, and portable data centers are gaining popularity for their scalability and flexibility. Despite the high initial cost, large enterprises are investing in hyperscale data centers for hyper scalability and advanced technologies like Artificial Intelligence and Machine Learning. Small enterprises and cloud service providers are also adopting data centers to support remote working and increasing internet usage. The market is expected to continue growing, driven by the global traffic and digital data generated by organizations. The Department of Energy is also promoting energy efficiency and sustainability in data centers to address concerns over electricity consumption and functionality.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

ComponentIT InfrastructurePower ManagementMechanical ConstructionGeneral ConstructionOthersEnd-userBFSITelecom And ITGovernmentEnergy And UtilitiesOthersGeographyAPAC

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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Norck Expands Custom Manufacturing Services with Enhanced Precision CNC Machining, Engineering Support, and Curated Network of Select Manufacturing Partners

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18 minutes ago

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November 16, 2024

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Norck, a global leader in on demand manufacturing, has expanded its services to include precision CNC machining, custom component manufacturing, and on-demand solutions. The company’s curated network of trusted manufacturing partners and personalized one-on-one engineering support set it apart from automated platforms. Serving industries such as aerospace, defense, robotics, and medical, Norck delivers high-quality, precision-engineered components tailored to specific needs. With capabilities in CNC machining, 3D printing, and hybrid manufacturing, Norck empowers businesses to innovate and scale efficiently. Visit www.norck.com for more information.

IRVINE, Calif. and MANNHEIM, Germany, Nov. 16, 2024 /PRNewswire-PRWeb/ — Norck, a global leader in advanced manufacturing and custom component production, is proud to announce a major expansion of its services, focusing on precision CNC machining, custom component manufacturing, and on-demand CNC machining. A key highlight of this growth is the enhancement of Norck’s curated network of select manufacturing partners, ensuring clients benefit from the highest quality standards and consistent reliability.

By partnering with only the best manufacturers, we ensure that every project meets our clients’ exacting standards. Combined with our one-to-one engineering support, this approach guarantees a superior manufacturing experience.

Complementing its growing capabilities, Norck reaffirms its commitment to personalized, one-to-one engineering and design support, setting it apart from competitors with automated platforms. With a strategic combination of expert guidance and a carefully vetted partner network, Norck is revolutionizing the way businesses approach custom parts manufacturing.

Norck’s Motto: “Prototype. Manufacture. Scale Up. On Demand.”

This guiding principle reflects Norck’s dedication to delivering seamless, end-to-end solutions that meet the dynamic needs of modern industries. From initial prototyping to full-scale production, Norck empowers businesses to innovate and grow with speed and precision.

Expanding a Curated Network of Trusted Manufacturing Partners

Norck’s curated network of select manufacturing partners brings together top-tier facilities specializing in CNC machining, injection molding, and metal 3D printing. Each partner is carefully vetted for quality, reliability, and expertise, ensuring seamless collaboration and superior results.

Key Benefits of Norck’s Manufacturing Partner Network:

Consistent Quality Standards: Partners are selected based on strict adherence to global certifications such as ISO 9001 and AS9100.Diverse Capabilities: Access to advanced manufacturing technologies, including custom CNC machining, custom component manufacturing, and on-demand sheet metal fabrication.Streamlined Project Management: Norck acts as a single point of contact, managing every aspect of production and ensuring seamless coordination across its network.

“Our curated network is an integral part of delivering exceptional results to our clients,” said Faruk Guney, CEO of Norck. “By partnering with only the best manufacturers, we ensure that every project meets our clients’ exacting standards. Combined with our one-to-one engineering support, this approach guarantees a superior manufacturing experience.”

Personalized Engineering and Design Support

Unlike platforms that rely heavily on automation, Norck emphasizes a one-on-one collaboration model with clients. This personalized approach ensures that designs are optimized for manufacturability, cost-efficiency, and performance before production begins.

Key Features of Norck’s Engineering and Design Support:

Dedicated Design Consultants: Clients work with experienced engineers who understand their unique requirements and industry challenges.

Seamless Iteration: From concept refinement to rapid prototyping, Norck supports clients at every step to perfect their designs.

Material Selection Guidance: Expert advice to choose the best materials for durability, performance, and cost-effectiveness.

Feasibility Analysis: Comprehensive evaluations to ensure manufacturability and optimal production outcomes.

Precision CNC Machining and Custom Component Manufacturing

Norck’s precision CNC machining services are at the forefront of its manufacturing offerings. With a focus on high-quality production and design optimization, Norck delivers custom CNC parts and components that meet even the most complex specifications.

Key Highlights:

On-Demand CNC Machining: Rapid, efficient production tailored to client needs, from prototypes to large-scale production.

Wire EDM Services: Precision machining for intricate designs requiring tight tolerances.

Custom CNC Machining Near Me: Localized support through Norck’s extensive partner network for faster turnaround times and convenience.

Advanced Metal 3D Printing Services

Norck has also enhanced its metal 3D printing services, providing innovative solutions for lightweight and complex custom metal parts. These services are integrated with Norck’s engineering support to ensure clients achieve the perfect balance of creativity and manufacturability.

Key Features:

Custom Metal 3D Printing: Production of intricate and durable components for aerospace, automotive, and medical applications.Hybrid Manufacturing Solutions: Combining CNC machining and 3D printing for advanced design possibilities.Injection Molding and On-Demand Sheet Metal FabricationNorck’s comprehensive offerings include injection molding and on-demand sheet metal fabrication, enabling clients to produce high-quality custom parts at scale. By leveraging its curated network, Norck delivers consistent results across all manufacturing disciplines.

Industries Served

Norck proudly serves a diverse range of industries, providing tailored solutions to meet specific sector requirements:

Norck offers specialized manufacturing solutions across various industries, delivering precision-engineered components and services tailored to each sector’s unique requirements.

Aerospace: Norck provides high-precision components that meet stringent aerospace standards, ensuring safety and reliability in critical applications.

Defense: Supplying robust and reliable parts, Norck supports mission-critical defense systems and equipment, adhering to rigorous quality and performance criteria.

Robotics: Norck creates intricate components essential for the efficient operation of robotic systems and automation technologies, enhancing performance and precision.

Automotive: Manufacturing custom parts, Norck enhances vehicle performance, durability, and safety across various automotive applications.

Medical: Producing biocompatible and precision-engineered components, Norck supports medical devices, surgical tools, and healthcare technologies, ensuring safety and efficacy.

Consumer Products: Producing high-quality, durable components, Norck serves a wide range of consumer goods, from electronics to appliances, ensuring product longevity and reliability.

Industrial: Providing durable and reliable parts, Norck supports machinery, tools, and industrial systems, ensuring operational efficiency and longevity.

Hardware: Crafting precision hardware components, Norck caters to construction, infrastructure, and various manufacturing applications, meeting specific project needs.

Electronics: Delivering custom components, Norck supports electronic devices, ensuring compatibility and performance in advanced systems.

Energy: Supplying high-performance parts, Norck serves renewable energy, oil and gas, and power generation applications, contributing to efficient energy solutions.

Norck’s tailored solutions ensure each industry’s unique requirements are met with precision and reliability, reinforcing its commitment to quality and innovation.

About Norck

Norck is a global leader in advanced manufacturing, specializing in precision CNC machining, custom component manufacturing, metal 3D printing, and injection molding. With a strong commitment to innovation, quality, and customer satisfaction, Norck delivers tailored manufacturing solutions to businesses worldwide. By combining personalized engineering support, cutting-edge technologies, and a curated network of trusted manufacturing partners, Norck empowers industries to achieve their most ambitious goals.

For more information about Norck’s services and solutions, visit www.norck.com

Media Contact

Dennis Weiss, NORCK INC – NORCK GMBH, 1 949-232-0251, ed@norck.com, www.norck.com

Ed Braun, NORCK INC – NORCK GMBH, www.norck.com

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SOURCE NORCK INC – NORCK GMBH; NORCK INC – NORCK GMBH

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Intercos Korea Inc. Press Release

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18 minutes ago

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November 16, 2024

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MILAN, Nov. 16, 2024 /PRNewswire/ — Intercos Korea Inc. wishes to provide its position regarding certain information circulated in relation to the lawsuit started in 2019 that was initiated against two former employees of Kolmar Korea, subsequently employed by Intercos Korea Inc. .

The investigation that led to these proceedings concerned actions taken by the two former employees independently when they were not yet employed by Intercos Korea Inc.. Intercos Korea Inc. inevitably became part of the proceedings solely because it was the employer at the time the investigation commenced, despite having taken immediate actions to dissociate the company from these employees’ misbehaviour.

As a result of the conviction of the two former employees, the Court of Appeal—having reviewed the case twice—deemed it appropriate to reduce the fine to Intercos Korea to approximately €3.600 (5 million KRW), thus rendering it a purely symbolic sanction.

Intercos Group has always attached great importance to business ethics as proven by the irreproachable reputation it enjoys globally since decades.

Intercos shareholders and management fully trust the current Intercos Korea managers’ exemplary ethics.

Intercos Korea Inc.

40-38, GAJANGSANEOPSEOBUK-RO, OSAN-SI,GYEONGGI-DO, KOREA (#18103) / www.intercos.com 

Logo – https://mma.prnewswire.com/media/2559811/Intercos_Korea_Logo.jpg

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SafetyStratus to Participate in the 11th Asian Conference on Safety and Education in Laboratory (ACSEL 2024)

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18 minutes ago

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November 16, 2024

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SafetyStratus is excited to announce its participation in the 11th Asian Conference on Safety and Education in Laboratory (ACSEL 2024), a key event focused on advancing safety protocols and educational strategies in laboratory environments across Asia. The conference will be hosted by the University of Tokyo on November 28-29, 2024, and will bring together experts, educators, researchers, and industry leaders to exchange insights on laboratory safety and best practices in lab-based education.

FUKUOKA, Japan, Nov. 16, 2024 /PRNewswire-PRWeb/ — SafetyStratus is excited to announce its participation in the 11th Asian Conference on Safety and Education in Laboratory (ACSEL 2024), a key event focused on advancing safety protocols and educational strategies in laboratory environments across Asia. The conference will be hosted by the University of Tokyo on November 28-29, 2024, and will bring together experts, educators, researchers, and industry leaders to exchange insights on laboratory safety and best practices in lab-based education.

ACSEL 2024 offers a unique platform for attendees to engage in discussions on critical topics, including safety culture in academic and industrial laboratories, emerging risks, and the integration of technology to enhance laboratory safety and compliance. Attendees will gain valuable insights through keynote sessions, panel discussions, and networking opportunities with global experts committed to fostering safer and more productive laboratory environments.

Conference Date: 28-29 November 2024 (Poster session: 21-30 November 2024)

Venue: Venue Centennial Hall, Kyushu University School of Medicine Fukuoka, Japan

Going Virtual: https://www.acsel.esc.u-tokyo.ac.jp/2024/venue.html

For more information about ACSEL 2024, please visit ACSEL 2024 website.

About SafetyStratus

SafetyStratus offers the industry’s most comprehensive enterprise EH&S software platform with software, technology, and content to reduce risks and achieve operational excellence. Teams in academia, construction, healthcare, and general industry use the SafetyStratus platform to conduct inspections, perform behavior-based observations, collaborate on JSAs and JHAs, prepare incident reports, track institutional protocols, radioactive isotope inventory, and stay compliant with federal or regional regulations in any part of the world using a desktop or a mobile device in real-time.

Media Contact

Curtis Baker, SafetyStratus Inc., +1 (844) 896-7572, media.help@safetystratus.com, https://www.safetystratus.com/

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SOURCE SafetyStratus Inc.; SafetyStratus Inc.

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