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Data Center Market Research 2024: Exponential Increase in Data Generation from Digital Transformation Initiatives Fueling Demand and Growth - Global Trends and Forecasts to 2029
Globenewswireยท 2025-03-05 09:42
Core Insights - The Data Center Market was valued at USD 200.3 Billion in 2023 and is projected to reach USD 479.80 Billion by 2029, with a compound annual growth rate (CAGR) of 15.50% [1][13]. Market Drivers - The growth of the data center market is driven by the exponential increase in data generation due to digital transformation, the rise of cloud computing, and the adoption of technologies such as artificial intelligence (AI), machine learning (ML), and the Internet of Things (IoT) [1][4]. - The demand for cloud services is a significant growth driver, as businesses migrate to cloud-based environments, necessitating robust and scalable data centers [5][6]. - Edge computing is becoming increasingly important, requiring data centers to be deployed closer to end-users to enhance performance and reduce latency [4][9]. Energy Efficiency and Sustainability - Data centers are exploring alternative cooling methods, such as liquid cooling and free cooling, to improve energy efficiency and reduce energy consumption [7][8]. - The adoption of energy-efficient hardware and virtualization technologies is crucial for optimizing overall energy usage in data centers [8]. - There is a growing emphasis on sustainability, with companies investing in renewable energy sources to power their operations and reduce their carbon footprint [11][12]. Edge Computing and 5G Impact - The need for real-time data processing drives the adoption of edge computing, which reduces latency and enhances user experiences [9][10]. - The rise of 5G networks is expected to further propel the demand for edge data centers, enabling new applications that require ultra-fast connectivity [10]. Competitive Landscape - Major players in the data center market include NTT Communications, IBM, Hitachi, Cisco, Amazon, Oracle, SAP, Microsoft, Hewlett Packard Enterprise, and Equinix [14][17]. Market Outlook - The report covers various aspects of the data center market, including types, density, end-users, and regional analysis, providing a comprehensive outlook for the period from 2023 to 2029 [15][20].
Fastly(FSLY) - 2024 Q4 - Earnings Call Transcript
2025-02-13 02:05
Fastly, Inc. (NYSE:FSLY) Q4 2024 Earnings Conference Call February 12, 2025 4:30 PM ET Company Participants Vernon Essi - Investor Relations Todd Nightingale - Chief Executive Officer Ronald Kisling - Chief Financial Officer Conference Call Participants Frank Louthan - Raymond James & Associates, Inc. Rudy Kessinger - D.A. Davidson & Co. Sanjit Singh - Morgan Stanley Madeline Brooks - Bank of America Merrill Lynch Jeff Van Rhee - Craig-Hallum Capital Group Christopher Fountain - RBC Capital Markets LLC Quin ...