Connect with us

Technology

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

Published

on

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.

Discover 360° analysis of this market. For complete information, schedule your consultation – Book Here!

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/

View original content to download multimedia:https://www.prnewswire.com/news-releases/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-302204048.html

SOURCE Technavio

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

Quarterhill Awarded High-Speed Weigh-In-Motion Prescreening Contract in Belgium

Published

on

By

The new WIM station will assist Brussels Mobility in achieving its goals of improving road safety and creating a fair regulatory environment by reducing the number of overloaded vehicles on the roads of the Brussels region.Traffic data provided by the system will support Brussels Mobility’s mission to foster economic growth and improve quality of life through the development of transport infrastructure.

TORONTO, Jan. 10, 2025 /PRNewswire/ – Quarterhill Inc. (“Quarterhill” or the “Company”) (TSX: QTRH) (OTCQX: QTRHF), announced today a contract to provide weigh-in-motion (“WIM”) technology to Brussels Mobility through a joint project with Belgium-based technology integrator Jacops NV (“Jacops”). Quarterhill will be responsible for the design and supply of the WIM subsystem, technical support, and training. Quarterhill will also provide Jacops with the software necessary for commercial vehicle monitoring and enforcement.

Quarterhill will supply the WIM system for the Brussels-Capital Region weigh station, which will be used to pre-select overloaded vehicles for enforcement. The dynamic weighing station will promote and improve the efficiency of inspections by screening vehicles at highway speeds in advance of the law enforcement inspection site. In addition, the weigh station will generate data that provides an accurate, real-time picture of the vehicles on the E19 highway.

The system’s goal is to reduce the number of overloaded vehicles on the Brussels Region’s roads. Overloading causes many problems, such as rapid road deterioration, more serious accidents, and unfair competition between transport companies. Quarterhill’s technology mitigates these issues by screening for overweight vehicles while optimizing the use of enforcement resources.

“We are excited at the prospect of introducing our advanced enforcement technology to Brussels Mobility and expanding our presence in Europe,” said Chuck Myers, CEO of Quarterhill. “Together with Jacops, we will deploy a state-of-the-art high-speed WIM system that will make Belgian roads safer and more sustainable. We have a longstanding relationship with Jacops as a customer for our microwave sensor products, and this project demonstrates how having a broad portfolio of traffic technologies and established relationships with traffic system integrators leads to further opportunities.”

The weigh station will monitor four lanes of one-way traffic on the highway and record data on vehicle classification and vehicle tax without impeding traffic. An overview camera provides images to help enforcement personnel clearly identify vehicles flagged by the system. An Automated Number Plate Reader system will photograph, recognize, store, process, and transmit the number plates of vehicles approaching the dynamic weighing station.

Quarterhill’s iSINC WIM controller was selected for the project as it offers preselection of overweight vehicles, creates comprehensive vehicle records, classifies vehicles, and meets the desired standards for continual uptime monitoring and ease of service. iSINC’s versatility allows it to control a wide array of sensors, cameras, dimensioning systems, communication systems, and custom equipment.

WIM sensors that comply with the accuracies outlined in the Nmi International WIM standard Specification and test procedures for WIM Systems will be installed at the site. The WIM sensors meet the lane width specifications and provide high durability, stable output over time, and IP68 water resistance.

Quarterhill will advise Jacops on the design and placement of the WIM system components to ensure optimal operation, including onsite technical support for installation, testing, and initial calibration. Quarterhill will also provide Jacops with thorough training on the WIM components and system calibration. Over the 2-year warranty period, Quarterhill will provide remote diagnostics and technical support to ensure continuous uptime and optimal performance.

“This project shows that Quarterhill’s technology is well suited to the precise needs of European agencies. We are set to elevate road safety and integrity in the region, reinforcing our expanding footprint in this important market,” stated Heimo Haub, Managing Director, Quarterhill Europe.

About Quarterhill
Quarterhill is a leading provider of tolling and enforcement solutions in the Intelligent Transportation System (ITS) industry. Our goal is technology-driven global leadership in ITS, via organic growth of our tolling and enforcement businesses, and by continuing an acquisition-oriented investment strategy that capitalizes on attractive growth opportunities within ITS and its adjacent markets. Quarterhill is listed on the TSX under the symbol QTRH and on the OTCQX Best Market under the symbol QTRHF. For more information: www.quarterhill.com.

Forward-looking Information
This news release contains forward-looking information and forward-looking statements within the meaning of applicable Canadian securities laws (collectively, “forward-looking statements”). Such forward-looking statements relate to future events, conditions or future financial performance of ‎Quarterhill based on future economic conditions and courses of action. All statements other ‎than statements of historical fact may be forward-looking statements. Such forward-looking statements ‎are often, but not always, identified by the use of any words such as “seek”, “anticipate”, “budget”, ‎‎”plan”, “goal”, “expect” and similar expressions.

Forward-looking statements involve known and unknown risks, assumptions, ‎uncertainties and other factors that may cause actual results or events to differ materially from those ‎anticipated in such forward-looking statements. Material risk factors that could cause actual results to differ materially from the forward-looking statements contained in this news release include, among others, demand for Quarterhill’s products and services; general economic and market conditions; competition; risks relating to technological advances and cyber-security; and other risks set forth in the Company’s most recent annual information form available on SEDAR+ at www.sedarplus.ca. The Company believes the expectations reflected in ‎the forward-looking statements are reasonable, but no assurance can be given that these expectations ‎will prove to be correct and such forward-looking statements included in this news release should not be ‎unduly relied upon.‎ Material factors and assumptions used to develop the forward-looking statements contained in this news release include, among others: Quarterhill’s ability to execute on its business plan; demand for Quarterhill’s products and services; operating assumptions; and financial projections and cost estimates. Quarterhill has no intention, and undertakes no obligation, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

View original content:https://www.prnewswire.com/news-releases/quarterhill-awarded-high-speed-weigh-in-motion-prescreening-contract-in-belgium-302347610.html

SOURCE Quarterhill

Continue Reading

Technology

ez1099 2024 Edition Tax Preparation Software for 2025 Tax Season Is Available for Electronic Filing

Published

on

By

REDMOND, Wash., Jan. 10, 2025 /PRNewswire/ — Designed for US business owners, tax professionals and entrepreneurs, the latest ez1099 tax form software from Halfpricesoft.com is easy to navigate and streamline processing unlimited forms for multiple companies for one flat rate.  The latest edition of ez1099 supports paper form printing, pdf printing and efile feature. It also comes with a recipient data import feature from the spreadsheet and QuickBooks IIF file.

 

“ez1099 2024 software is now available for business owners and tax professionals to print and file 1098’s and 1099’s, seamlessly.” Dr. Ge, Founder of Halfpricesoft.com, says.

ez1099 software streamlines the preparation, printing, and e-filing of essential IRS forms, including W2G, 1097BTC, various 1098 forms (1098, 1098C, 1098E, 1098F, 1098Q, 1098T), numerous 1099 forms (1099A, 1099B, 1099C, 1099CAP, 1099DIV, 1099G, 1099INT, 1099K, 1099LTC, 1099MISC, 1099NEC, 1099OID, 1099PATR, 1099Q, 1099QA, 1099R, 1099S, 1099SB, 1099SA), 5498 forms (5498, 5498ESA, 5498QA, 5498SA), as well as 8935, 3921, 3922, and 1096 forms.

Cost is only $79 per installation for the basic version of ez1099 Software or $139 per installation for the advanced version with bulk printing feature, import feature, PDF file creation and electronic filing capability. Also offered in a network version for two or more installations starting at $199 to enable sharing data between computers or offices.

ez1099 is compatible with Windows 11, 10, and 8.  It can also run on Windows Vista system, 7, and MAC machines (Mac can run the system only if installed with Bootcamp).

The features in the latest version ez1099 software include but are not limited to:

electronically file unlimited forms to the IRS with one flat rateez1099 blank paper prints out recipient copiesPrint in bulk for faster processingQuick data importing featureCustomers can save even more time by compiling and saving form data for later use and modificationSupport unlimited accounts and unlimited recipients at no additional chargeGo green with optional PDF document converting and e-file (electronic filing) featuresFeature to process correction forms included

Starting at $79.00 for the print and mail version and $139.00 to electronically file. Halfpricesoft.com welcomes all clients to begin the no obligation thirty-day test drive today at https://www.halfpricesoft.com/1099_software.asp#purchase

About halfpricesoft.com

Halfpricesoft.com is a leading provider of small to midsize business software, including online and desktop payroll software, online employee attendance tracking software, accounting software, in-house business and personal check printing software, W2, software, 1099 software, 1095 ACA form software and ezACH direct deposit software. Software from halfpricesoft.com is trusted by thousands of customers for over 20 years and will assist business owners simplify payroll processing and streamline business management.

View original content to download multimedia:https://www.prnewswire.com/news-releases/ez1099-2024-edition-tax-preparation-software-for-2025-tax-season-is-available-for-electronic-filing-302340859.html

SOURCE Halfpricesoft.com

Continue Reading

Technology

The New York Stem Cell Foundation Research Institute Enters Agreement to Accelerate Precision Drug Discovery for Neurodegenerative Disease

Published

on

By

Partnership Will Harness NYSCF’s Automated Cell Culture Systems and Artificial Intelligence Capabilities to Study Disease at an Unprecedented Cellular Level

NEW YORK, Jan. 10, 2025 /PRNewswire/ — The New York Stem Cell Foundation (NYSCF) Research Institute today announced they have entered into an agreement with Janssen Research & Development, LLC, a Johnson & Johnson company, to use NYSCF’s AI-powered platform for drug discovery to target neurodegenerative disease. This initiative brings together NYSCF’s advanced robotic systems for stem cell research and J&J’s expertise in drug discovery and data science to unlock novel disease insights and accelerate the development of more effective and tailored treatments.

NYSCF has developed proprietary automation technology that enables large-scale, reproducible disease modeling and drug screening using patient-derived stem cells. By combining high-content cell imaging with machine learning-driven analysis, NYSCF’s platform can reveal previously undiscovered disease phenotypes and therapeutic targets leading to the development of novel therapeutic approaches. This versatile platform is adaptable to a wide range of cell types and diseases, making it uniquely positioned to advance precision medicine for patients.

“This work with Johnson & Johnson allows us to integrate our cutting-edge stem cell automation and AI platform with their deep expertise in therapeutic development,” said Jennifer J. Raab, President and CEO of NYSCF. “Together, we look forward to accelerating the discovery of innovative treatments for patients affected by devastating neurodegenerative disease.”

About The New York Stem Cell Foundation Research Institute
The New York Stem Cell Foundation (NYSCF) Research Institute is an independent non-profit organization accelerating cures and better treatments for patients through stem cell research. The NYSCF Research Institute is an acknowledged world leader in stem cell research and in the development of pioneering stem cell technologies, including the NYSCF Global Stem Cell Array®, which is used to create cell lines for laboratories around the globe. NYSCF focuses on translational research in an accelerator model designed to overcome barriers that slow discovery and replace silos with collaboration. For more information, visit nyscf.org.

CONTACTS:
David McKeon
212-365-7440
dmckeon@nyscf.org

Chris Taylor
chris@christaylorpr.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/the-new-york-stem-cell-foundation-research-institute-enters-agreement-to-accelerate-precision-drug-discovery-for-neurodegenerative-disease-302347569.html

SOURCE The New York Stem Cell Foundation

Continue Reading

Trending