Technology
Notice to extraordinary general meeting in Scibase Holding AB (publ)
Published
2 weeks agoon
By
STOCKHOLM, Nov. 12, 2024 /PRNewswire/ — Shareholders of SciBase Holding AB (publ), reg. no. 556773-4768 (the “Company”), are hereby summoned to an extraordinary general meeting to be held on 13 December 2024 at 10.00 CET at Advokatfirman Schjødt, Hamngatan 27, in Stockholm. The registration to the meeting will open at 9.30 CET.
Right to participate and notice of participation
A shareholder who wishes to participate at the extraordinary general meeting must:
(i)
be recorded in the share register maintained by Euroclear Sweden AB on 5 December 2024, and
(ii)
notify the Company of its intention to participate by post to Advokatfirman Schjødt, att: William Hellsten, Box 715, 101 33 Stockholm, or by e-mail to william.hellsten@schjodt.com, no later than on 9 December 2024. Notification shall include full name, personal identification number or corporate registration number, address, telephone number, shareholding and, if appropriate, information about assistants (no more than two).
Nominee-registered shares
Shareholders whose shares are held in the name of a nominee must, in order to be able to participate at the general meeting and exercise their voting right, temporarily re-register the shares in their own name in the share register maintained by Euroclear Sweden AB (so-called voting right registration). When preparing the share register for the general meeting per the record date, 5 December 2024, voting right registrations completed by the nominee no later than on 9 December 2024 will be considered. This means that the shareholders must request that the nominee completes such voting right registration well in advance of 9 December 2024.
Participation by proxy
Shareholders represented by proxy must issue a power of attorney for the proxy. If the power of attorney is issued by a legal entity, a copy of the legal entity’s certificate of registration, showing who has authority to issue the power of attorney, must be enclosed. The original version of the power of attorney and, if applicable, the certificate of registration, should well in advance of the general meeting, be sent by post to Advokatfirman Schjødt, att: William Hellsten, Box 715, 101 33 Stockholm, or by e-mail to william.hellsten@schjodt.com. The power of attorney must not be older than one year unless a longer validity term (however no longer than five years) is specifically stated in the power of attorney. A proxy form is available on the Company’s website, https://scibase.com/.
Proposed agenda
Opening of the meetingElection of chairman of the meetingPreparation and approval of the voting listApproval of the agendaElection of one or two persons who shall approve the minutes of the meetingDetermination of whether the meeting has been duly convenedResolution to amend the articles of association in order to enable the issues of units under items 8 and 9Resolution to approve of the board of directors’ resolution on a rights issue of unitsResolution to approve of the board of directors’ resolution on a directed issue of unitsClosing of the meeting
PROPOSALS FOR RESOLUTION
Item 7 – Resolution to amend the articles of association in order to enable the issues under items 8 and 9
To enable the registration of the resolution on the issues of units under items 8 and 9 below, the board of directors proposes that the general meeting resolves that the limits to the share capital in § 4 and the number of shares in § 5 of the articles of association are amended.
The board of directors, the CEO, or anyone appointed by the board of directors or the CEO, shall be authorised to make such minor amendments to the above resolution as may be necessary in connection with the registration of the resolution with the Swedish Companies Registration Office or Euroclear Sweden AB or due to other formal requirements.
A resolution in accordance with this item 7 is conditional upon that the meeting also resolves in accordance with items 8 and 9. A valid resolution requires that the resolution is supported by shareholders representing at least two thirds of the votes cast as well as of the shares represented at the extraordinary general meeting.
The board of directors proposes that the extraordinary general meeting resolves on the following amendments to sections 4-5 of the articles of association.
Proposed wording section 4:
The share capital shall amount to not less than SEK 16,440,000 and not more than SEK 65,760,000.
Proposed wording section 5:
The number of shares shall not be less than 328,800,000 and not more than 1,315,200,000.
Item 8 – Resolution to approve of the board of directors’ resolution on a rights issue of units
The board of directors proposes that the general meeting resolves to approve the board of directors’ resolution, taken on 12 November 2024, on a new issue of a maximum of 131,723,040 shares, entailing a maximum increase of the share capital of SEK 6,586,152, and a new issue of a maximum of 131,723,040 warrants of series TO 3 entitling to subscription of 131,723,040 shares in the Company, whereby the share capital may increase by an additional maximum of SEK 6,586,152 if all issued warrants of series TO 3 are exercised. In total, the share capital can increase by a maximum of SEK 13,172,304.
The issues shall be treated as one resolution and be carried out through the issuance of so-called units. One (1) unit consists of three (3) new shares and three (3) warrants of series TO 3.
Otherwise, the following conditions shall apply.
The right to subscribe for units shall, in accordance with the shareholders’ preferential rights, vest with those who are registered as shareholders in the Company on 20 December 2024 (the “Record Date”). Each shareholder receives one (1) unit right for each share held. Five (5) unit rights entitle to subscription of one (1) unit. The subscription price for each unit is SEK 1.35, corresponding to a subscription price of SEK 0.45 per share. The amount that exceeds the share’s quota value shall be transferred to the unrestricted premium reserve. Warrants of series TO 3 are issued free of charge.Subscription for units, with preferential rights, is made with the support of unit rights. The right to receive unit rights to subscribe for units with preferential rights, shall vest with persons registered as shareholders with Euroclear Sweden AB as of the Record Date.Subscription of units with the support of unit rights must be made by simultaneous cash payment during the period from and including 27 December 2024 until and including 13 January 2025. The board of directors has the right to extend the subscription and payment period.Subscription of units without the support of unit rights must be made on a special subscription list during the period from and including 27 December 2024 until and including 13 January 2025. Payment for units that are subscribed for without the support of unit rights must be paid in cash in accordance with the instructions on the transaction note no later than the third banking day after notification of allocation is sent to the subscriber through transaction note. The board of directors has the right to extend the subscription period and payment period.One (1) warrant of series TO 3 gives the holder the right to subscribe for one (1) new share in the Company against a cash payment amounting to 80 percent of the volume-weighted average price of the Company’s share on Nasdaq First North Growth Market during the measurement period from and including 10 November 2025 until and including 21 November 2025, however, not less than SEK 0.45 and not more than SEK 0.75 per share. The amount that exceeds the quota value of the share shall be transferred to the unrestricted premium reserve. Warrants of series TO 3 may be exercised during the period from and including 24 November 2025 until and including 5 December 2025.The new shares issued in the rights issue shall carry a right to dividends commencing on the first record date that occurs after the registration of the shares with the Swedish Companies Registration Office and the entry of the shares in the share register kept by Euroclear Sweden AB. Shares issued as a result of exercise of warrants of series TO 3 shall carry a right to dividends commencing on the first record date that occurs after the interim registration of the shares in the share register kept by Euroclear Sweden AB.The full terms and conditions for the warrants of series TO 3 are available on the Company’s website, https://scibase.com/.In the event all units in the rights issue are not subscribed for with the support of unit rights, the board of directors shall, within the maximum amount of the rights issue, resolve on the allotment of units subscribed for without the support of unit rights. In case of over-subscription, allotment shall be made in according to the following principles:
i. Firstly, allocation shall be made to those who subscribed for units with the support of unit rights, regardless of whether the subscriber was a shareholder on the record date or not, and, in case of oversubscription, in relation to the number of unit rights that each party has exercised for the subscription of units, and, if this is not possible, by drawing lots.
ii. Secondly, allocation shall be made to other subscribers who subscribed to Units without the support of unit rights, and, in case of oversubscription, in relation to the subscribed amount, and, if this is not possible, by drawing lots.
iii. Thirdly, allocation of any remaining Units shall be made to guarantors in accordance with signed guarantee commitments. In the event that allotment cannot be made in full, allotment shall be made in proportion to the amount guaranteed by each guarantor and, if this is not possible, by drawing lots.
The board of directors, the CEO, or anyone appointed by the board of directors or the CEO, shall be authorized to make such minor amendments to the above resolution as may be necessary in connection with the registration of the resolution with the Swedish Companies Registration Office or Euroclear Sweden AB or due to other formal requirements.
A resolution in accordance with this item 8 is conditional on that the general meeting also resolves in accordance with items 7 and 9.
Item 9 – Resolution to approve of the board of directors’ resolution on a directed issue of units
The board of directors proposes that the general meeting resolves to approve the board of directors’ resolution, taken on 12 November 2024, on a new issue of a maximum of 50,008,872 shares, entailing a maximum increase of the share capital of SEK 2,500,443.60, and a new issue of a maximum of 50,008,872 warrants of series TO 3 entitling subscription of 50,008,872 shares in the Company, whereby the share capital may increase by an additional maximum of SEK 2,500,443.60 if all issued warrants of series TO 3 are exercised. In total, the share capital may increase by a maximum of SEK 5,000,887.20.
The issues shall be treated as one resolution and be carried out through the issuance of so-called units. One (1) unit consists of three (3) new shares and three (3) warrants of series TO 3.
Otherwise, the following conditions shall apply.
The right to subscribe for units shall, with deviation from the shareholders’ preferential rights, vest with Maria Anderkvist, Praktikerinvest AB, Victor Anderkvist, Haga Gruppen Holding AB, Kåre Gilstring, Ulf Andersson, Johan Gyllenswärd AB, Sven Holmgren, Max Leitgeb, Opthron Förvaltning Aktiebolag, Klimage AB, MLJK Konsult AB and Irene Kotschy. Oversubscription may not occur. The Company’s board of directors has made an overall evaluation and carefully considered raising the necessary capital only through a rights issue, but has made the assessment that, for several reasons, it is more favorable for the Company and the shareholders to partially raise capital in the capital raising through a directed issue. Among other things, the directed issue reduces the need for guarantee commitments in the rights issue and thus also the fee to guarantors. The directed issue also contributes to strengthening the shareholder base in the Company with professional investors, which is considered positive in a long-term perspective. Since the subscription price in the directed issue was determined by the board of directors based on arms-length discussions with investors at a price corresponding to the closing price of the Company’s share on Nasdaq First North Growth Market on 11 November 2024, it is the board of directors’ assessment that the subscription price in the directed issue therefore reflects current market conditions and demand. Conclusively, the directed issue is deemed to be in the interest of the Company and all shareholders.The subscription price for each unit is SEK 1.35, corresponding to a subscription price of SEK 0.45 per share. The amount that exceeds the share’s quota value shall be transferred to the unrestricted premium reserve. Warrants of series TO 3 are issued free of charge. The subscription price has been determined based on an assessment of the current market situation, the historical development of the business and the Company’s business prospects.Subscription and payment of units shall be made no later than on 20 December 2024. The board of directors shall have the right to extend the time for subscription and payment.One (1) warrant of series TO 3 gives the holder the right to subscribe for one (1) new share in the Company against a cash payment amounting to 80 percent of the volume-weighted average price of the Company’s share on Nasdaq First North Growth Market during the measurement period from and including 10 November 2025 until and including 21 November 2025, however, not less than SEK 0.45 and not more than SEK 0.75 per share. The amount that exceeds the quota value of the share shall be transferred to the unrestricted premium reserve. Warrants of series TO 3 may be exercised during the period from and including 24 November 2025 until and including 5 December 2025.The full terms and conditions for the warrants of series TO 3 are available on the Company’s website, https://scibase.com/.The new shares issued in the directed issue shall carry a right to dividends commencing on the first record date that occurs after the registration of the shares with the Swedish Companies Registration Office and the entry of the shares in the share register kept by Euroclear Sweden AB. Shares issued as a result of exercise of warrants of series TO 3 shall carry a right to dividends commencing on the first record date that occurs after the interim registration of the shares in the share register kept by Euroclear Sweden AB.
The board of directors, the CEO, or anyone appointed by the board of directors or the CEO, shall be authorized to make such minor amendments to the above resolution as may be necessary in connection with the registration of the resolution with the Swedish Companies Registration Office or Euroclear Sweden AB or due to other formal requirements.
A resolution in accordance with this item 9 is conditional upon that the meeting also resolves in accordance with items 7 and 8. A valid resolution requires that the resolution is supported by shareholders representing at least two thirds of the votes cast as well as of the shares represented at the extraordinary general meeting.
Documentation etc.
The board of directors’ proposals and related documents will be available at the Company’s office and on the Company’s website, www.scibase.se, no later than two weeks prior to the general meeting and will be sent free of charge to shareholders who so request and provide their postal address.
This notice is a translation of a Swedish notice and in case of any deviations between the language versions, the Swedish version shall prevail.
Shareholders’ right to request information
Shareholders are reminded of their right to request information from the board of directors and managing director in accordance with Chapter 7 Section 32 of the Swedish Companies Act.
Use of personal data
For information regarding the processing of your personal data, please see the integrity policy that is available at Euroclear Sweden AB’s website: www.euroclear.com/dam/ESw/Legal/Privacy-notice-bolagsstammor-engelska.pdf.
_______________
Stockholm in November 2024
SciBase Holding AB (publ)
The board of directors
For additional information, please contact:
Pia Renaudin, CEO, tel. +46732069802, e-mail: pia.renaudin@scibase.com
Certified Advisor (CA):
Carnegie Investment Bank AB (publ)
Phone: +46 (0)73 856 42 65
E-mail: certifiedadviser@carnegie.se
About SciBase
SciBase is a global medical technology company, specializing in early detection and prevention in dermatology. SciBase develops and commercializes Nevisense, a unique point-of-care platform that combines AI (artificial intelligence) and advanced EIS technology to enhance diagnostic accuracy, ensuring proactive skin health management.
Our commitment is to minimize patient suffering, allowing clinicians to improve and save lives through timely detection and intervention and reduce healthcare costs.
Built on more than 20 years of research at Karolinska Institute in Stockholm, Sweden, SciBase is a leader in dermatological advancements.
This information was brought to you by Cision http://news.cision.com
The following files are available for download:
https://mb.cision.com/Main/12371/4065376/3109751.pdf
Notice to EGM (Eng) – (Final)
View original content:https://www.prnewswire.co.uk/news-releases/notice-to-extraordinary-general-meeting-in-scibase-holding-ab-publ-302303280.html
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Technology
E-Learning Market in the US to Grow by USD 56.44 Billion (2024-2028), Driven by Evolved Learning Landscape, AI Driving Market Transformation – Technavio
Published
18 minutes agoon
November 25, 2024By
NEW YORK, Nov. 25, 2024 /PRNewswire/ — Report with the AI impact on market trends – The e-learning market in us size is estimated to grow by USD 56.44 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 16.48% during the forecast period. Evolved learning and education landscape is driving market growth, with a trend towards advent of advanced technologies. However, competition from moocs poses a challenge.Key market players include Adobe Inc., Cengage Learning Holdings II Inc., Coursera Inc., D2L Corp., Docebo Inc., Flatworld Solutions Pvt. Ltd., Houghton Mifflin Harcourt Co., Infopro Learning Inc., Udemy Inc., VitalSource Technologies LLC, 2U Inc., Anthology Inc., Articulate Inc., eLearning Co. Inc., iEnergizer, Instructure Holdings Inc., John Wiley and Sons Inc., McGraw Hill LLC, Microsoft Corp., and Stylus Solutions Pvt. Ltd..
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E-Learning Market In US Scope
Report Coverage
Details
Base year
2023
Historic period
2018 – 2022
Forecast period
2024-2028
Growth momentum & CAGR
Accelerate at a CAGR of 16.48%
Market growth 2024-2028
USD 56.44 billion
Market structure
Fragmented
YoY growth 2022-2023 (%)
15.54
Regional analysis
US
Performing market contribution
North America at 100%
Key countries
US and North America
Key companies profiled
Adobe Inc., Cengage Learning Holdings II Inc., Coursera Inc., D2L Corp., Docebo Inc., Flatworld Solutions Pvt. Ltd., Houghton Mifflin Harcourt Co., Infopro Learning Inc., Udemy Inc., VitalSource Technologies LLC, 2U Inc., Anthology Inc., Articulate Global Inc., eLearning Co. Inc., iEnergizer, Instructure Holdings Inc., John Wiley and Sons Inc., McGraw Hill LLC, Microsoft Corp., and Stylus Solutions Pvt. Ltd.
Market Driver
The e-learning market in the US is experiencing significant growth, particularly in sectors like childhood education and K-12 education. Public-private funding and digitalize classrooms are key trends driving this growth. VIPKID, an education firm, leads the way in delivering courses digitally. Smart education is the new norm, with IoT devices, cloud-based solutions, and digital tools becoming essential in schools and universities. Higher education institutions offer online degree programs, including affordable college degrees and online MBA degrees. Test preparation, vocational programs, and e-learning solutions are also popular. However, challenges like inadequate internet access and slow loading times persist. Ongoing efforts to deploy 5G networks and innovative learning solutions, such as AI-based learning, AR, and VR, are addressing these issues. E-learning market statistics show continued growth, with e-learning market companies providing cost-effective training methods for businesses and educational institutions. Remote learning solutions and interactive learning platforms are the future of education and training.
The US e-learning market has been shaped by the adoption of advanced technologies, including virtual assistants, AR, and VR. These technologies have transformed e-learning by enabling dynamic and efficient learning through devices like Google Glass, Oculus Rift, and Apple Watch. AR and VR systems offer learning experiences by simulating virtual environments and placing learners in roleplay situations. This customized approach enhances engagement and improves learning outcomes. The implementation of these technologies has significantly evolved the e-learning landscape in the US.
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Market Challenges
The E-Learning market in the US is growing rapidly, with a focus on digitalizing K-12 education and higher education. Companies like VIPKID lead the way, providing digital learning solutions for students. Schools and universities are deploying cloud-based solutions for course delivery in a virtual environment. IoT devices and smartphones are used as digital tools for teaching and learning. However, challenges persist, such as inadequate internet access and slow loading times. E-learning market statistics show ongoing efforts to overcome these issues with 5G networks and innovative learning solutions. E-learning market companies offer cost-effective training methods through e-learning platforms, including interactive learning platforms with AI, AR, and VR. Vocational programs and academic courses are available online, making education more accessible and affordable for students. E-learning solutions provide standardized training and educational content for corporations, enhancing training and development.In the US e-learning market, Massive Open Online Courses (MOOCs) have emerged as a popular alternative due to their open and free access. This affordability sets MOOCs apart from traditional e-learning, making them a cost-effective option for learners. Vendors providing e-learning face intense competition as MOOCs offer community support, a vast selection of content, and semi-syncronicity. Modern MOOCs incorporate analytics, engaging designs, and provide verified certificates and diplomas from reputable institutions and businesses. Functionally and engagement-wise, MOOCs are comparable to e-learning.
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Segment Overview
This e-learning market in US report extensively covers market segmentation by
Deployment1.1 On premise1.2 CloudEnd-user2.1 Higher education2.2 Corporate2.3 K12Product3.1 Content3.2 Technology3.3 ServicesGeography4.1 North America
1.1 On premise- The on-premises deployment type is the most common method for delivering e-learning in the US market. This deployment model significantly impacts the growth of the e-learning market in the US. Corporations and educational institutions, major consumers in the market, prefer on-premises solutions due to enhanced control over data and technology. Large players dominate the on-premises segment, but small and medium-sized businesses also offer specialized e-learning solutions. The US e-learning market’s expansion is driven by the increasing demand for secure and dependable learning solutions. The COVID-19 pandemic’s trend of remote work and learning has further boosted the growth of the on-premises deployment type. As a result, the on-premises segment is expected to continue its steady expansion throughout the forecast period, catering to the rising demand for reliable and secure learning solutions among businesses and educational institutions.
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Research Analysis
The E-learning market in the US is experiencing significant growth, particularly in sectors like childhood education and K-12 education. Public-private funding is driving the digitalization of classrooms, making education more accessible and cost-effective. Companies like VIPKID are leading the way in children’s language learning, while educational institutions are adopting e-learning solutions for course delivery. Electronic gadgets such as computers, PCBs, LEDs, and high-performance adhesives are essential components in creating an e-learning experience. However, challenges such as inadequate internet access and slow loading times persist, necessitating ongoing efforts to improve remote learning solutions. The e-learning market statistics show a promising future, with 5G networks set to revolutionize the way we teach and learn. E-learning market companies are continually innovating to provide cost-effective training methods for higher education and professional development. Despite these advancements, face-to-face interaction remains an essential aspect of education, and e-learning solutions must strive to replicate its benefits.
Market Research Overview
The E-Learning market in the US is experiencing significant growth, particularly in areas such as childhood education and K-12 education. Public-private funding is driving the digitalization of classrooms, with education institutes embracing cloud-based solutions and IoT devices for smart education. Higher education and test preparation are also benefiting from e-learning, with virtual environments and digital tools enabling cost-effective training methods. However, challenges such as inadequate internet access and slow loading times persist. Innovative learning solutions, including AI-based learning and remote learning solutions, are ongoing efforts to address these challenges. E-learning platforms are offering interactive learning experiences through digital content, online education market, and mobile and rapid e-learning. Vocational programs and corporate learning are also adopting e-learning for affordable and standardized training. The market is expected to continue growing, with the integration of artificial intelligence (AI), augmented reality (AR), and virtual reality (VR) enhancing the learning experience.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
DeploymentOn PremiseCloudEnd-userHigher EducationCorporateK12ProductContentTechnologyServicesGeographyNorth America
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
Technology
Data Center General Construction Market to Grow by USD 19.95 Billion (2024-2028) as AI Redefines Market Landscape, Investment Boosts Growth – Technavio
Published
18 minutes agoon
November 25, 2024By
NEW YORK, Nov. 25, 2024 /PRNewswire/ — Report with market evolution powered by AI – The global data center general construction market size is estimated to grow by USD 19.95 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 10.39% during the forecast period. Increase in investment in data centers is driving market growth, with a trend towards growing focus on construction of green data centers. However, emergence of containerized and micro mobile data centers poses a challenge.Key market players include ABB Ltd., ACS Actividades de Construccion Y Servicios SA, AECOM, Arup Group Ltd., Brasfield and Gorrie LLC, CORGAN, CyrusOne LLC, Digital Realty Trust Inc., DPR Construction, HDR Inc., Jacobs Solutions Inc., Jones Engineering Holdings Ltd., Legrand SA, M. A. Mortenson Co., Page Southerland Page Inc., Schneider Electric SE, Skanska AB, STO Building Group, The Walsh Group, and Vertiv Holdings Co..
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Data Center General Construction Market Scope
Report Coverage
Details
Base year
2023
Historic period
2018 – 2022
Forecast period
2024-2028
Growth momentum & CAGR
Accelerate at a CAGR of 10.39%
Market growth 2024-2028
USD 19.95 billion
Market structure
Fragmented
YoY growth 2022-2023 (%)
10.14
Regional analysis
North America, Europe, APAC, South America, and Middle East and Africa
Performing market contribution
North America at 31%
Key countries
US, Canada, China, UK, and Germany
Key companies profiled
ABB Ltd., ACS Actividades de Construccion Y Servicios SA, AECOM, Arup Group Ltd., Brasfield and Gorrie LLC, CORGAN, CyrusOne LLC, Digital Realty Trust Inc., DPR Construction, HDR Inc., Jacobs Solutions Inc., Jones Engineering Holdings Ltd., Legrand SA, M. A. Mortenson Co., Page Southerland Page Inc., Schneider Electric SE, Skanska AB, STO Building Group, The Walsh Group, and Vertiv Holdings Co.
Market Driver
The Data Center General Construction market is experiencing significant growth due to the increasing demand for IT infrastructure in various sectors like Information Technology, Healthcare, Automation, Banking, and Telecommunications. Trends such as Big Data Analytics, Artificial Intelligence, IoT Devices, and Cloud Computing are driving the need for more data centers. Data Centers are essential for managing data flow, data storage, and data exchange. Data Center Architecture is evolving with Computing Economics, IP-Based Networking, and Hyperscale facilities becoming popular. Power distribution, cooling solutions, and IT equipment are key components of Data Center Design. Hyperscale facilities, public cloud providers, and colocation services are major consumers of data centers. Tier 3 segment, with its redundancy and high-performance computing capabilities, is a preferred choice for many businesses. Temperature, humidity levels, miscellaneous expenses, and security infrastructure costs are crucial factors in Data Center Design. Electrical and Mechanical Construction play a vital role in building data centers. Power distribution, cooling efficiency, airflow optimization, and balanced workload are essential for efficient data center operations. Colocation service providers and telecommunications service providers are key players in the market. Social networking giants and e-commerce companies are significant consumers of data centers.
Green data centers are energy-efficient structures designed to minimize environmental impact during construction and operation. These centers utilize low-emission building materials for sustainable ecosystems, including efficient waste recycling. Advanced technologies, such as catalytic converters in backup generators and alternative energy sources like photovoltaics, heat pumps, and evaporative cooling, are employed. Although the initial investment for building and certifying a green data center is substantial, the long-term cost savings are realized upon operation.
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Market Challenges
The Data Center General Construction Market is experiencing significant growth due to the increasing demand for IT infrastructure in sectors like Information Technology, Healthcare, Automation, and Banking. With the rise of Big Data Analytics, Artificial Intelligence, IoT Devices, and Cloud Computing, there is a need for more data centers for Data Exchange, Data Storage, and Data Flow. This growth brings challenges in Data Center Architecture, Computing Economics, and IT infrastructure design. Electrical and Mechanical Construction play crucial roles in Power distribution, Cooling solutions, and Temperature/Humidity control. Hyperscale facilities, Public cloud providers, and Multi-tenant facilities require advanced cooling efficiency, airflow optimization, and balanced workload management. Security infrastructure costs, Miscellaneous expenses, and Property costs are essential considerations for Tier 3 segment Data Centers, which offer Redundancy and High-performance computing. Media providers, Telecommunications service providers, Social networking giants, and E-commerce companies are major consumers of IT equipment and cooling equipment. Power Plants and IP-Based Networking are also integral to Data Center Design. Edge computing and AI are emerging trends, requiring specialized IT equipment and cooling solutions. Colocation service providers and Power backup systems are essential for businesses seeking to outsource their IT needs.Containerized data centers, also known as modular data centers, offer businesses a flexible and efficient solution for their infrastructure needs. These portable data centers consist of servers, storage devices, and networking equipment, housed within standard shipping containers. The construction process for containerized data centers is significantly faster than traditional data centers, with completion possible in a few weeks. This trend is gaining popularity in the global data center market due to its cost-effective nature, allowing organizations to expand their infrastructure without the high capital expenditure typically associated with building a new data center facility.
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Segment Overview
This data center general construction market report extensively covers market segmentation by
End-user 1.1 BFSI1.2 Government1.3 Manufacturing1.4 Media and entertainment1.5 OthersType 2.1 Base building shell construction2.2 Architecture planning and designingGeography 3.1 North America3.2 Europe3.3 APAC3.4 South America3.5 Middle East and Africa
1.1 BFSI- The digital transformation of various industries, particularly in the BFSI sector, is driving the need data center infrastructure. With an increase in digital transactions and new users, financial organizations require data centers to efficiently store and manage their data. Compliance with regulatory requirements, such as the EU’s General Data Protection Regulation (GDPR), is crucial for financial institutions. Breaches of these guidelines can result in significant fines. For instance, Morgan Stanley paid a USD60 million fine in October 2020 for data breaches. To ensure data security and adherence to regulations, financial services firms are turning to data center colocation and managed hosting services. The growing importance of securely storing large volumes of financial data, by governments, is expected to fuel the demand for data center infrastructure in the BFSI segment during the forecast period.
Download a Sample of our comprehensive report today to discover how AI-driven innovations are reshaping competitive dynamics
Research Analysis
The Data Center General Construction Market is experiencing significant growth due to the increasing demand for Information Technology (IT) services and the explosion of data generated by Big Data Analytics, Artificial Intelligence (AI), IoT Devices, and Data Exchange. Data Centers are essential infrastructure for storing, processing, and managing the vast amounts of data flowing between various IT systems and end-users. Data Center Architecture is a critical factor in computing economics, as it impacts data consumption, cooling requirements, and overall operational efficiency. Hyperscale facilities, public cloud providers, multi-tenant facilities, and colocation services are driving the market’s growth, with IT equipment, cooling equipment, and miscellaneous expenses being significant cost components. Temperature and humidity levels are crucial factors in Data Center design, as they impact the performance and reliability of servers and other IT equipment. Security infrastructure costs and property costs are also significant expenses in Data Center construction. Edge computing is an emerging trend that aims to bring data processing closer to the source, reducing latency and improving overall performance. AI and IT equipment are key components of Edge computing, and cooling requirements may differ from traditional Data Centers due to their decentralized nature.
Market Research Overview
The Data Center General Construction Market is experiencing significant growth due to the increasing demand for IT infrastructure in various sectors, including Information Technology, Healthcare, Automation, Banking, and Telecommunications. Big Data Analytics, Artificial Intelligence, IoT Devices, and Cloud Computing are driving the need for more Data Centers, Data Exchange, and Data Storage. Data Flow requires advanced Data Center Architecture, Computing Economics, IP-Based Networking, and Cooling Solutions to ensure optimal performance. Hyperscale facilities, Public cloud providers, and Multi-tenant facilities are leading the market, with Colocation services and Servers being essential components. Cooling equipment, Power distribution, and Temperature & Humidity levels are crucial factors in Data Center Design. Miscellaneous expenses, including Security infrastructure costs and Property costs, are also significant considerations. The Tier 3 segment, with its redundancy and high-performance computing capabilities, is a popular choice for businesses requiring large Storage capacity and balanced workload. Media providers, Power backup, Cooling efficiency, Airflow optimization, and Balanced workload are essential for Colocation service providers and Telecommunications service providers. Social networking giants and E-commerce companies are significant consumers of Data Center resources.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
End-userBFSIGovernmentManufacturingMedia And EntertainmentOthersTypeBase Building Shell ConstructionArchitecture Planning And DesigningGeographyNorth AmericaEuropeAPACSouth AmericaMiddle East And Africa
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/
View original content to download multimedia:https://www.prnewswire.com/news-releases/data-center-general-construction-market-to-grow-by-usd-19-95-billion-2024-2028-as-ai-redefines-market-landscape-investment-boosts-growth—technavio-302314108.html
SOURCE Technavio
Technology
Secondary Tickets Market size is set to grow by USD 132.1 billion from 2024-2028, rising popularity of sports events to boost the revenue- Technavio
Published
18 minutes agoon
November 25, 2024By
NEW YORK, Nov. 25, 2024 /PRNewswire/ — The global secondary tickets market size is estimated to grow by USD 132.1 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 34.25% during the forecast period. Rising popularity of sports events is driving market growth, with a trend towards adoption of dynamic pricing. However, growing consumption of online content poses a challenge. Key market players include Ace Ticket LLC, Anschutz Entertainment Group Inc., Citizen Ticket Ltd., Coast To Coast Tickets LLC, CTS Eventim AG and Co. KGaA, eBay Inc., Eventbee Inc., Eventbrite Inc., Face-value Alliance Ticketing Ltd., Ideabud LLC, Live Nation Entertainment Inc., PrimeSport LLC, SeatGeek Inc., Ticket City Inc., TicketNetwork Inc., TickPick LLC, TiqIQ LLC, Twickets Ltd., Viagogo Entertainment Inc., and Vivid Seats Inc., StubHub, Ticketmaster, Razorgator, TicketIQ, TicketNetwork, Gametime
AI-Powered Market Evolution Insights. Our comprehensive market report ready with the latest trends, growth opportunities, and strategic analysis- View Free Sample Report PDF
Forecast period
2024-2028
Base Year
2023
Historic Data
2018 – 2022
Segment Covered
Type (Sports events, Concerts, Performing arts, and Movies), Mode Of Booking (Online and Offline), Usre, and Geography (North America, Europe, APAC, South America, and Middle East and Africa)
Region Covered
North America, Europe, APAC, South America, and Middle East and Africa
Key companies profiled
Ace Ticket LLC, Anschutz Entertainment Group Inc., Citizen Ticket Ltd., Coast To Coast Tickets LLC, CTS Eventim AG and Co. KGaA, eBay Inc., Eventbee Inc., Eventbrite Inc., Face-value Alliance Ticketing Ltd., Ideabud LLC, Live Nation Entertainment Inc., PrimeSport LLC, SeatGeek Inc., Ticket City Inc., TicketNetwork Inc., TickPick LLC, TiqIQ LLC, Twickets Ltd., Viagogo Entertainment Inc., and Vivid Seats Inc., StubHub, Ticketmaster, Razorgator, TicketIQ, TicketNetwork, Gametime
In the secondary tickets market, dynamic pricing is a popular strategy used by teams and event organizers to set flexible prices based on current demand. This approach allows ticket prices to fluctuate based on factors such as holidays, injuries, team records, day of the week, and weather forecasts. By implementing dynamic pricing, these entities can recover revenue that would otherwise go to scalpers or third-party vendors, reducing ticket touting. Dynamic pricing also helps undercut secondary prices, forcing scalpers to lower their own prices and bringing exchange prices closer to face value. Although this strategy decreases buying volume and profit margins in secondary markets, it effectively combats fraudulent activities and overpricing. Notable secondary ticket vendors employing dynamic pricing include Live Nation Entertainment and TiqIQ.
The secondary ticket market continues to be a significant trend in the events industry. With the increasing popularity of concerts, sports, and other live events, the demand for secondary tickets has grown. Companies offer various platforms for fans to buy and sell tickets, providing convenience and flexibility. Events like the Super Bowl, Coachella, and the World Cup generate high demand for secondary tickets. The use of digital platforms and secure payment methods has made the process more efficient and trustworthy. However, concerns around ticket prices and authenticity remain. Consumers must exercise caution and ensure they purchase tickets from reputable sources. The market for event tickets is expected to continue growing, offering opportunities for businesses to innovate and provide better services to customers.
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• The global secondary tickets market faces challenges due to the rise of online content consumption. In 2021, a significant increase in Internet speeds and affordable data plans led to a growth in online streaming of live events and movies. In the US, over 70% of adults watch weekly online videos, preferring long-form content. Media companies partner with tech providers to expand their online platforms, renewing and adding seasons to successful shows. This trend negatively impacts the secondary tickets market, particularly for sports events and movies, during the forecast period.
• In the secondary ticket market, one of the significant challenges is the issue of authenticity and reliability. Fraudulent tickets can be a major concern for both buyers and sellers. Another challenge is the high demand for popular events, leading to exorbitant prices for tickets. This can create a disparity between the face value and the market price. Additionally, the lack of a centralized platform for ticket sales can make it difficult to ensure fair pricing and prevent price gouging. Furthermore, the convenience of online ticket sales comes with its own set of risks, such as cybersecurity threats and identity theft. Lastly, the time difference in ticketing for international events can pose challenges for buyers in different time zones. These issues require constant attention and innovative solutions to ensure a secure and transparent market for secondary tickets.
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This secondary tickets market report extensively covers market segmentation by
Type 1.1 Sports events1.2 Concerts1.3 Performing arts1.4 MoviesMode Of Booking2.1 Online2.2 OfflineUser Geography 3.1 North America3.2 Europe3.3 APAC3.4 South America3.5 Middle East and Africa
1.1 Sports events- The secondary tickets market refers to the sale of tickets for events that have already been purchased by individuals but are now being resold. This market provides an opportunity for fans to purchase tickets to sold-out events. It operates through various platforms, including online marketplaces and brokers. The demand for secondary tickets is driven by the desire to attend popular events that may have limited ticket availability. The market functions based on supply and demand principles, with prices fluctuating according to the availability and desirability of the tickets. It’s essential to note that the purchase of secondary tickets may come with additional fees and potential risks, such as the possibility of counterfeit tickets.
Download complimentary Sample Report to gain insights into AI’s impact on market dynamics, emerging trends, and future opportunities- including forecast (2024-2028) and historic data (2018 – 2022)
The secondary tickets marketplace experiences significant demand during sold-out concerts, big athletic events, and blockbuster theatrical plays. This demand often leads to a spike in prices, making tickets unaffordable for sincere fans. The resale of tickets through unofficial channels and third-party platforms poses moral concerns and risks, including fraudulent activities, unfair competition, and deceptive advertising. Dishonest persons use automated software and bots to buy tickets in restricted quantities, leading to inflated prices and exorbitant costs. Ethical considerations and customer trust are crucial in this market, as fans seek convenience without falling victim to fraudulent scalpers.
The Secondary Tickets Market refers to the sale and purchase of tickets for events that have already been issued. This market operates independently of the primary market, which sells tickets directly from the event organizers or venues. The demand for secondary tickets arises due to various reasons such as unavailability of tickets in the primary market, high demand for popular events, or the convenience of purchasing tickets closer to the event date. The market for secondary tickets is regulated by various laws and regulations to prevent fraudulent activities and ensure fair pricing. The use of technology, such as mobile applications and websites, has significantly increased the accessibility and convenience of buying and selling secondary tickets. The market for secondary tickets is a dynamic one, with prices fluctuating based on various factors such as demand, supply, and the proximity of the event date.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
TypeSports EventsConcertsPerforming ArtsMoviesMode Of BookingOnlineOfflineUserGeographyNorth AmericaEuropeAPACSouth AmericaMiddle East And Africa
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
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.
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/
View original content to download multimedia:https://www.prnewswire.com/news-releases/secondary-tickets-market-size-is-set-to-grow-by-usd-132-1-billion-from-2024-2028–rising-popularity-of-sports-events-to-boost-the-revenue–technavio-302315097.html
SOURCE Technavio
E-Learning Market in the US to Grow by USD 56.44 Billion (2024-2028), Driven by Evolved Learning Landscape, AI Driving Market Transformation – Technavio
Data Center General Construction Market to Grow by USD 19.95 Billion (2024-2028) as AI Redefines Market Landscape, Investment Boosts Growth – Technavio
Secondary Tickets Market size is set to grow by USD 132.1 billion from 2024-2028, rising popularity of sports events to boost the revenue- Technavio
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