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Data Center Market size is set to grow by USD 434.8 billionn from 2024-2028, Rise in adoption of multi-cloud and network upgrades to support 5G to boost the market growth, Technavio

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NEW YORK, July 24, 2024 /PRNewswire/ — The global data center market size is estimated to grow by USD 434.8 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 14.52% during the forecast period. Rise in adoption of multi-cloud and network upgrades to support 5G is driving market growth, with a trend towards implementation of ai in data centers. However, cybersecurity issues poses a challenge. Key market players include 365 Data Centers, Alphabet Inc., Amazon.com Inc., Apple Inc., China Telecom Corp. Ltd., Cisco Systems Inc., CyrusOne LLC, Cyxtera Technologies Inc., Digital Realty Trust Inc., Equinix Inc., Hewlett Packard Enterprise Co., Intel Corp., International Business Machines Corp., KDDI Corp., Microsoft Corp., Nippon Telegraph and Telephone Corp., Oracle Corp., Salesforce Inc., SAP SE, and Verizon Communications Inc..

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Forecast period

2024-2028

Base Year

2023

Historic Data

2018 – 2022

Segment Covered

Component (IT infrastructure, Power management, Mechanical construction, General construction, and Security solutions), End-user (BFSI, Energy, IT, and Others), and Geography (North America, APAC, Europe, South America, and Middle East and Africa)

Region Covered

North America, APAC, Europe, South America, and Middle East and Africa

Key companies profiled

365 Data Centers, Alphabet Inc., Amazon.com Inc., Apple Inc., China Telecom Corp. Ltd., Cisco Systems Inc., CyrusOne LLC, Cyxtera Technologies Inc., Digital Realty Trust Inc., Equinix Inc., Hewlett Packard Enterprise Co., Intel Corp., International Business Machines Corp., KDDI Corp., Microsoft Corp., Nippon Telegraph and Telephone Corp., Oracle Corp., Salesforce Inc., SAP SE, and Verizon Communications Inc.

Key Market Trends Fueling Growth

Data centers are enhancing energy efficiency through the application of Artificial Intelligence (AI). AI technology enables faster decision-making and optimization of server, power, and cooling systems. Data center service providers use AI in automation software to eliminate human intervention, facilitating energy-efficient operations. AI also optimizes cooling processes, allowing effective power usage and reducing downtime and human errors. AI monitors device performance in data centers, predicting potential failures and adjusting processes accordingly. Benefits of AI-based data center automation software include reduced infrastructure costs, operating costs, and deployment time. By 2028, advanced robots with AI and machine learning capabilities will increase cloud data center operating efficiency by over 30%. This trend will significantly contribute to the growth of the global data center market. 

Data centers play a crucial role in storing and analyzing data for businesses, e-commerce companies, and individuals. With the rise of personalized data and application performance, data center workloads continue to grow. Mobile data use and internet usage have surged, leading to increased storage requirements. Cloud data storage solutions like Amazon Web Services offer scalability and flexibility. Data security, backups, and internet bandwidth are top priorities. Managed hosting and colocation offer customized solutions for businesses. Big data and data analytics are driving innovation, with intelligent buildings, public cloud, and hyper-scale platforms leading the way. The Department of Energy focuses on green data centers. AI, ML, IoT, and IT infrastructure are key trends. Software testing solutions ensure application performance. Customers demand digitalization, and businesses respond with innovative data center solutions. 

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Market Challenges

Data is a valuable asset for businesses, fueling revenue opportunities through trend analysis and informed decision-making. However, securing sensitive data, including customer information, is a significant concern. Cyberattacks, particularly those targeting cloud services and IoT solutions, pose a growing threat. Non-compliance with data protection regulations can lead to hefty penalties. The increase in DDoS attacks, which disrupt business continuity, is a major challenge. These factors may hinder the expansion of the global data center market. Enterprise server estates are at risk of being hacked, potentially compromising data and shutting down businesses. Strict government regulations on citizen data security add to the complexity for cloud service providers.Data Centers face numerous challenges in today’s digital world. Artificial Intelligence and Machine Learning require massive computing power, driving the need for advanced IT infrastructure. The Internet of Things (IoT) and Cloud Computing increase the demand for real-time data processing and scalability. Green Data Centers are essential for businesses seeking cost savings and sustainability. The Department of Energy and Enterprise Engineering Solutions focus on energy efficiency. Software Testing Help ensures data security and reliability. Customers, including individuals and B2B enterprises, demand faster response times and flexibility. Digitalization and the Digital Economy drive the exponential trend towards more data creation and usage. Challenges include latency, autonomous vehicles, smart cities, and decentralized Data Centers. Local special circumstances, data sovereignty regulations, and macroeconomic factors also impact Data Center strategies. Businesses must adapt to the S-curve function of digital transformation, balancing hardware-related expenses with the benefits of cloud technology and data center systems. Macroeconomic factors like exchange rates, business leaders, and competitors influence decisions. Data loss and speed are critical concerns for end-users. Online retail and other industries require customized solutions. National statistical offices track the level of digitization, providing valuable insights. In summary, Data Centers must address these challenges to meet the evolving needs of the digital age.

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Segment Overview 

This data center market report extensively covers market segmentation by

Component 1.1 IT infrastructure1.2 Power management1.3 Mechanical construction1.4 General construction1.5 Security solutionsEnd-user 2.1 BFSI2.2 Energy2.3 IT2.4 OthersGeography 3.1 North America3.2 APAC3.3 Europe3.4 South America3.5 Middle East and Africa

1.1 IT infrastructure-  The data center market is experiencing significant growth due to the increasing demand for digital transformation and cloud services. Companies are investing heavily in building and expanding their data centers to support their growing digital operations. Data centers provide businesses with the necessary infrastructure to store, manage, and process large amounts of data efficiently and securely. This investment in data centers is essential for businesses to remain competitive in today’s digital economy.

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2018 – 2022)  – 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 witnessing significant growth, driven by increased demand for scalable and secure infrastructure solutions. Meanwhile, the global Containerized and Modular Data Center Market is expanding rapidly, offering flexibility and cost-efficiency for enterprises. Additionally, the global Data Center Infrastructure Management (DCIM) Solutions Market is flourishing as organizations seek advanced tools for optimizing data center performance and energy efficiency. These markets collectively address the evolving needs of modern businesses, ensuring robust, efficient, and adaptive data center operations.

Research Analysis

The Data Center market is experiencing significant growth due to the increasing adoption of Artificial Intelligence (AI) and Machine Learning (ML) technologies, Internet of Things (IoT), Cloud computing, and Edge computing. These technologies are driving the demand for IT infrastructure to support real-time data processing, scalability, and flexibility. Digitalization is also playing a key role in the growth of the market, as businesses and individuals rely more on online retail, e-commerce, and personalized data for storing and analyzing data center workloads. Cloud technology and data center systems are becoming essential for cost savings and efficient management of data. However, the risk of lost data and the need for speed remain critical challenges for the market. Data Centers are essential for businesses to keep up with the demands of their customers and stay competitive. On-premises infrastructure continues to be a popular choice for some businesses due to its control and security benefits. Overall, the Data Center market is poised for continued growth as businesses and individuals increasingly rely on technology for their operations and personal lives.

Market Research Overview

The Data Center market is experiencing rapid growth due to the increasing demand for IT infrastructure to support Artificial Intelligence, Machine Learning, Internet of Things, and Cloud Computing. Green Data Centers are gaining popularity as businesses strive for cost savings, scalability, and flexibility. The Department of Energy is investing in energy-efficient data centers to reduce carbon emissions. Digitalization is transforming industries, from manufacturing to finance, with businesses and individuals relying on real-time data processing for decision-making. Decentralized Data Centers are emerging to address local special circumstances and data sovereignty regulations. Macroeconomic factors, such as the digital economy, internet penetration, and B2B enterprises’ hardware-related expenses, are driving the market’s exponential trend. Data center systems must provide application performance, storage requirements, and data security for mobile data use, internet usage, and cloud data storage. Data analytics and intelligent buildings are also key areas of focus, with public cloud, colocation, and hyper-scale platforms leading the way. Autonomous vehicles, IoT devices, and smart cities require low latency for optimal performance. Backups and data security are critical concerns for end-users, with managed hosting and colocation offering solutions for businesses. Big data and data analytics are essential for online retail and e-commerce, with personalized data storing and analyzing data center workloads becoming increasingly important. Cloud technology is revolutionizing the industry, with Amazon Web Services leading the charge. However, lost data and data security breaches remain significant challenges. The level of digitization, exchange rates, business leaders, and competitors are also influencing the market’s direction.

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 ConstructionSecurity SolutionsEnd-userBFSIEnergyITOthersGeographyNorth AmericaAPACEuropeSouth 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/

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SOURCE Technavio

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GEEKOM Launches A5 2027 Edition Mini PC, Built for Productivity That Lasts

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TAIPEI, Sept. 7, 2026 /PRNewswire/ — GEEKOM, a leading global Mini PC brand, is redefining the productivity Mini PC with the launch of the A5 2027 Edition. Designed for all-day productivity, the new A5 combines dependable performance, long-term reliability and flexible expansion in a compact form.

Powered by the 8-core, 16-thread AMD Ryzen™ 7 7730U, the A5 2027 Edition is built for real-world productivity — from running 30+ browser tabs alongside video meetings and large spreadsheets to Photoshop, 2D design and light 4K editing. With up to 64GB of memory, 7TB of storage and four-display support, it gives professionals, creators and small businesses the flexibility to build a workspace around the way they work.

But productivity also depends on how long a PC can be trusted to perform. The A5 2027 Edition uses brand-new SSDs, a reinforced all-metal internal frame and multi-layer motherboard protection, and undergoes 339 validation checks covering durability, aging, thermals and more. Together with flexible memory and storage upgrades, this quality-from-the-inside-out approach gives GEEKOM the confidence to offer a three-year warranty and engineer its PCs for more than five years of service.

Reliability also means being ready when work does not stop. The A5 2027 Edition‘s IceBlast 3.0 cooling system combines a larger silent fan, copper heat pipe and dedicated copper plate to efficiently move heat away from critical components. Better thermal control reduces throttling and long-term heat stress, enabling stable 24/7 operation for offices, retail systems, digital signage and other always-on environments.

The A5 2027 Edition also brings AI into everyday productivity. It can serve as a personal AI assistant for research, writing, content creation and data analysis, while emerging agentic applications can automate more complex, multi-step workflows. With stable, always-on operation, the A5 2027 Edition can keep these AI workflows running in the background when needed — helping users get more done with less hands-on effort.

The A5 2027 Edition brings GEEKOM‘s vision of all-day productivity to life: built to do more, built to keep running and built to last. Best All-Day Productivity Mini PC. Cool・Silent・Stable.

The GEEKOM A5 2027 Edition is available now through GEEKOM‘s official website and Amazon.

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SOURCE GEEKOM

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Real Estate Expert Howard Goldberg Details Coastal Rental and Multifamily Property Ownership in HelloNation

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The article explains how insurance costs, rental rules, maintenance demands, and seasonal changes shape coastal property ownership in South Florida.

FORT LAUDERDALE, Fla., Sept. 7, 2026 /PRNewswire/ — What should buyers know before purchasing a rental property or multifamily property near the beach in South Florida? That question is answered in a HelloNation article featuring expert insights from Howard Goldberg, Real Estate Expert with RE/MAX Consultants Realty 1. The article explores how coastal ownership affects daily routines, responsibilities, and long-term planning.

The article explains that owning rental property near the beach is not only a financial decision, but also a lifestyle commitment. While the scenery and walkability are appealing, owners often face ongoing planning around guests, vendors, weather, and property logistics. Multifamily property introduces additional complexity by increasing the number of tenants and systems that require attention.

One of the first considerations for coastal owners is insurance costs. The article notes that properties close to the ocean usually require flood coverage, wind protection, and higher deductibles. These expenses can rise sharply at renewal and may impact cash flow if not planned for. When multifamily property is involved, one change in policy affects several units, making financial buffers and consistent oversight even more important.

Rental rules also play a major role. The article emphasizes that South Florida cities often have strict requirements related to rental registration, tax accounts, inspections, and short-term rental regulations. In addition, many condo or homeowners associations add further restrictions, including lease minimums, parking limitations, and guest policies. Ignoring rental rules can result in fines or strained relationships with neighbors, making upfront research essential.

The article highlights how maintenance demands increase near the beach. Salt air corrodes materials, humidity stresses systems, and frequent storms challenge the durability of building exteriors. These factors create higher maintenance demands, which can disrupt weekends, stretch budgets, and complicate vendor scheduling, especially when guests are already occupying the property. With multifamily properties, shared infrastructure such as stairways and plumbing stacks can turn small issues into building-wide concerns.

While property management can reduce some of the daily involvement, it does not eliminate the need for owner participation. The article clarifies that owners must still review budgets, approve decisions, and respond quickly in case of emergencies. In South Florida, unexpected weather events or access issues may require urgent attention, regardless of whether a manager is in place.

The article also explores how personal use of a rental property presents challenges. Owners often want to reserve time for themselves, especially during peak seasons. However, holding dates back may reduce income, and using the property personally changes how it’s maintained and perceived. For multifamily properties, reserving one unit while others are booked may create inconsistencies that need clear policies to manage.

Seasonal changes also affect both income and operations. The article explains that winter often brings high demand but fast turnover, while summer may involve slower bookings and the need for more promotion. Owners should plan for vacancy periods, higher utility use, and variable staffing needs. Backup vendors for cleaning and repairs become important, particularly in larger properties with multiple units.

Before purchasing a rental property in South Florida, buyers are encouraged to weigh their time availability and risk tolerance against the demands of ownership. Understanding insurance costs, rental rules, and maintenance demands helps determine whether the lifestyle will feel rewarding or overwhelming.

Owning Rental or Multifamily Property Near the Beach: Lifestyle Considerations in South Florida features insights from Howard Goldberg, Real Estate Expert of Fort Lauderdale, FL, in HelloNation.

About HelloNation

HelloNation is America’s Good News Network, a premier media platform built on the idea that good news travels faster when real people tell real stories. Through its community-focused publications and innovative “edvertising” approach, HelloNation delivers content that informs, inspires, and spotlights the leaders making a meaningful impact in their communities.

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SOURCE HelloNation

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Hyosung Chairman Cho Hyun-Joon targets U.S. AI power market with 22.9kV SST

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World’s first 22.9kV Solid State Transformer (SST) developed, securing a competitive edge with next-generation technology.Completed local production bases for transformers and breakers in the U.S., cementing its position in the American power equipment market.

SEOUL, South Korea, Sept. 7, 2026 /PRNewswire/ — With the advent of the artificial intelligence (AI) era, optimizing power supply networks has emerged as a critical global challenge. In the United States, the surge in power demand driven by the proliferation of AI and data centers, coupled with the need to replace aging grid infrastructure, is driving large-scale investment in power infrastructure.

Anticipating these transformative shifts in the power market, Hyosung Chairman Hyun-Joon Cho has spearheaded proactive investments to meet the demands of the AI and data center era. These investments are now supporting Hyosung Heavy Industries’ efforts to strengthen its position in the U.S. AI and data center power market.

“Driven by the expansion of AI and data centers, power infrastructure has now become a core industry directly linked to national security,” stated Chairman Cho. “Building on Hyosung Heavy Industries’ U.S. manufacturing facilities and technological prowess, we must establish ourselves as an irreplaceable, essential long-term partner in stabilizing the American power grid.”

Hyosung Heavy Industries plans to accelerate its push into the U.S. AI data center power market by combining next-generation grid technologies with its U.S. manufacturing base and established strengths in power equipment, including ultra-high-voltage transformers and circuit breakers.

Pioneering Next-Generation 22.9kV SST Technology

Hyosung Heavy Industries identified the Solid State Transformer (SST) as an indispensable technology for power transmission and distribution in the AI era, initiating preemptive research and development. In 2022, the company successfully developed the world’s first 22.9kV 1.05MVA-class SST capable of direct connection to urban distribution networks. This milestone secured a competitive advantage in next-generation power conversion technology, strengthening the company’s position as it moves to capture emerging market opportunities.

SST is a next-generation power system that utilizes power semiconductors to precisely control voltage and current while maintaining the insulation functions of conventional transformers. It is considered a field with high technological barriers to entry, demanding sophisticated power control capabilities. According to global market research firms, the global SST market is projected to grow at an average annual rate of more than 40%, supported by the modernization of power infrastructure. The large-capacity SST market for data centers handling high voltages of 22.9kV and above is in its nascent stages, with only a limited number of companies worldwide pursuing commercialization and demonstration projects. With the market still in its early stages, Hyosung Heavy Industries plans to accelerate its efforts to secure an early-mover position based on its advanced technology.

Expanding U.S. Manufacturing and Strategic Partnerships

Hyosung Heavy Industries is continuously expanding its ultra-high-voltage transformer production base. The company has invested a total of USD 300 million in the acquisition and expansion of its ultra-high-voltage transformer manufacturing facility in Memphis, Tennessee. Once the ongoing expansion is completed, the company will secure one of the largest ultra-high-voltage transformer production capacities in the United States.

Furthermore, Hyosung Heavy Industries has established a joint venture with Quanta Services, a leading North American energy infrastructure solutions company, to locally produce 72.5kV to 800kV ultra-high-voltage circuit breakers in Pennsylvania. Through this strategic move, Hyosung becomes the first Korean power equipment manufacturer to secure local production capabilities for both ultra-high-voltage transformers and circuit breakers in the U.S. market.

Quanta has an extensive business presence and customer network across the United States, providing infrastructure solutions for large-scale power demand facilities.

By leveraging Quanta’s industry-leading infrastructure solutions and Hyosung’s world-class technological expertise, the company aims to strengthen its competitive edge. Hyosung Heavy Industries aims to establish itself as a key player in the data center power infrastructure market by integrating its accumulated technological prowess, its robust U.S. local production base, and next-generation power grid technologies such as SST, Energy Storage Systems (ESS), STATCOM, and High Voltage Direct Current (HVDC) systems.

Website: https://www.hyosung.com/en/

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SOURCE HYOSUNG CORPORATION; Hyosung Heavy Industries

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