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Asia-Pacific Data Center Colocation Market Outlook and Forecast 2019-2024 – Tax Incentives to Boost Hyperscale Data Center Deployment Spurs Growth – ResearchAndMarkets.com

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DUBLIN–(BUSINESS WIRE)–The “Data Center Colocation Market in APAC – Industry Outlook and Forecast 2019-2024” report has been added to ResearchAndMarkets.com’s offering.

The APAC data center colocation market is expected to grow at a CAGR of over 8% during the period 2018-2024.

The increased investment from global and local operators is driving the APAC colocation market.

The region has and will be a preferred one for cloud service and global colocation providers. The increasing adoption of high-performance infrastructure is likely to revolutionize the APAC colocation market. Factors such as increased demand for cloud computing, the Internet of Things (IoT), and big data analytics solutions, especially from BFSI, healthcare, government, and heavy industries is contributing to the growth. Several enterprises are involved in the procurement of high-performance computing (HPC) systems to process complex application workloads involving machine learning and artificial intelligence (AI).

Market Dynamics

Market Growth Enablers

  • Increasing Interest to Open Cloud Regions in APAC
  • Increase in Colocation Investment to Boost Service Growth
  • Increasing Demand for Green Data Centers
  • Tax Incentives to Boost Hyperscale Data Center Deployment

Market Growth Restraints

  • Power Outages & Reliability Challenges
  • Budget Constraints Limiting Operations of Efficient Data Centers
  • Restrictions on Data Center Design
  • Land Scarcity Obstructs Data Center Growth
  • Prefabricated & Self-build Data Centers Hinder Colocation Services

Market Opportunities & Trends

  • High Emphasis on Renewable Energy Procurement
  • Increase in Submarine Fiber Cable Deployment
  • 5G Deployment Across APAC Region
  • Rising Adoption of High-performance Infrastructure & Rack Power Density

The growing adoption of converged and hyper-converged solutions and virtualization is likely to boost the rack power density to an average of 8-10kW during the forecast period. Leading operators are developing innovative designs that can support the growth of the rack power density and meet dynamic consumer demands over the next few years. The integration of facilities with power and cooling infrastructure that supports rack density up to 40 kW and liquid immersion cooling that support density up to 200 kW will transform the APAC colocation market.

APAC Data Center Colocation Market: Segmentation

This research report includes detailed segmentation by electrical infrastructure, mechanical infrastructure, general construction, colocation services, cooling systems, and geography.

The APAC generators market will continue to grow because of the increased construction of large and mega facilities in the region. The adoption of Diesel Rotary Uninterruptible Power Supply (DRUPS) systems is popular in the region as they combine both battery and flywheel UPS systems and a diesel generator to provide backup power during outages. The adoption of single-phase lithium-ion UPS systems is expected to increase in the modular data center development as these systems can provide significant benefits to reduce OPEX for service providers. Vendors are also continuously coming up with innovative UPS solutions to increase efficiency.

A majority of the data centers are adopting a combination of air and water-based cooling techniques to cool down the facility.

Facilities in Shanghai are equipped with chilled water CRAC units and use energy-efficient free cooling techniques with redundant units. Some cities in China can facilitate free cooling for over 5,000 hours annually. The growth in the data center construction market in APAC will aid in the development of facilities that comprise multiple chillers, cooling towers, and CRAH units with N+N redundant configuration. Data centers are also designed with hot/cold aisle containment systems and equipped with a rack size of 42U. 42U rack units are the most commonly used ones, and they are expected to dominate the market during the forecast period. However, the market for rack units with a size of 45-48U is expected to witness growth during the forecast period. Data centers in Southeast Asia are designed to cool servers through water-based cooling techniques.

The high demand for hyperscale services is driving the market share of the building development segment.

China is considered as one of the favorable site selections for the construction of multiple hyperscale facilities. The country offers an abundant land area and favorable climatic conditions, which are likely to attract investors to build their facilities during the forecast period. Beijing and Shanghai are the leading centers for data center operations. However, a majority of development is likely to be built in rural areas during the forecast period. Australia is witnessing an increase in the construction of Greenfield projects. Some of the major cities where greenfield developments to increase includes Perth, Canberra, Melbourne, Brisbane, and Sydney. Taylor Group and Benmax Group are among the major key players providing construction services in Australia.

The retail colocation segment continues to dominate the APAC market.

In 2018, wholesale colocation services witnessed a high uptake among large enterprise businesses and cloud providers. The market will continue to gain traction during the forecast period on account of the emergence of artificial intelligence (AI) and big data technology among industries. Retail colocation services are likely to grow as several enterprises in Southeast Asia are shifting from traditional server room infrastructure to data centers. However, the adoption of in-house prefabricated solutions by enterprises and government agencies in the region is likely to pose a challenge to the retail colocation market.

Wholesale services are estimated to experience increased adoption during the forecast period.

With the increased construction of wholesale colocation space in China, Hong Kong, Australia, Singapore, Japan, and India, service providers offer customized wholesale colocation solutions, where the pre-leased customer can work with the service provider to design and develop the facility according to the customer’s IT infrastructure operational requirement. Moreover, the development of multiple mega and hyperscale projects across the region is increasing, supporting wholesale colocation demand.

Market Segmentation by Investment

  • Electrical Infrastructure
  • Mechanical Infrastructure
  • General Construction
  • Area
  • Power Capacity

Market Segmentation by Electrical Infrastructure

  • UPS Systems
  • Generators
  • Rack PDUs
  • Transfer Switches and Switchgears
  • Others

Market Segmentation by Mechanical Infrastructure

  • Cooling Systems
  • Racks
  • Other Mechanical Infrastructure

Market Segmentation by General Construction

  • Building Development
  • Installation & Commissioning Services
  • Building Design
  • Physical Security
  • Data Center Infrastructure Management (DCIM)

Market Segmentation by Services Types

  • Retail
  • Wholesale

Geographical Insights

China & Hong Kong are the major destinations in the APAC region. The increasing demand for cloud, IoT, and Big data and other advanced technology services among enterprise business is leading the development of facilities in the region. The data center colocation market in Australia and New Zealand is growing at a considerable rate. However, the Australia market is witnessing higher investments from data center providers than New Zealand. The increasing adoption of renewable energy is expected to drive investment in Australia.

The data center market in India is gaining traction due to the increase in the adoption of cloud-based services, IoT devices, big data, and artificial intelligence, and other advanced technologies. Singapore, Malaysia, Thailand, Indonesia, and Vietnam are major countries in the colocation markets in Southeast Asia. Singapore is a strong hub in Southeast Asia with the increasing number of the internet, cloud, telecommunications, and colocation service providers operating their facilities. The rise in submarine cable investments such as SEA-ME-WE 5, Trident Subsea Cable, Australia Singapore Cable, Indigo Cable System, and Indonesia Global Gateway Project will have high impact on growth during the forecast period.

Key Vendor Analysis

The APAC data center colocation market witnessed an investment of around $4 billion through new and under construction facilities in January 2018. APAC countries have reflected the incredible development trajectory over the previous few years, and the region is expected to attract more investment during the forecast period. GDS Services, NTT Communications are the major investors. Equinix, Tecent, Global Switch, and Digital Realty invested over $200 million in the data center development in the APAC region.

The market also witnessed an increased investment from players such as NEXT DC, CtrlS, Keppel Data Centers, ST Telemedia, CyrusOne, ST Telemedia, and Sify Technologies. Leading cloud service providers are partnering with colocation providers to open cloud regions in APAC countries. This trend will continue during the forecast period and is likely to become competitive in terms of operations by 2024. In addition, Colt DCS, a leading colocation service provider is coming up with its new hyperscale facility in Mumbai, India with an estimated investment of around $300 million.

INET (Thailand), VADS BERHAD (Malaysia), and AirTrunk (Australia & Singapore) are developing mega facilities in the APAC region. ST Telemedia invested in Defu 2 facility in Singapore, and DCI Indonesia is also expanding its presence in the region. Modular service developers are like to focus on APAC. Huawei is a leading modular service provider in the region. Huawei, along with Keppel Data Centers, is investing in Singapore facility.

Key Market Insights include:

  • The report provides the following insights into the APAC data center colocation market for the forecast period 2019-2024.
  • It offers comprehensive insights into current industry trends, trend forecasts, and growth drivers about the APAC data center colocation market.
  • The report provides the latest analysis of share, growth drivers, challenges, and investment opportunities.
  • It offers a complete overview of segments and the regional outlook of the APAC data center colocation market.
  • The report offers a detailed overview of the vendor landscape, competitive analysis, and key strategies to gain a competitive advantage.

Key Company Profiles

  • China Telecom Global
  • Digital Realty
  • Equinix
  • GDS Holdings
  • Global Switch
  • NextDC
  • NTT Communications

Other Prominent Vendors

  • 21Vianet (Century Internet Data Center)
  • AIMS Data Centre
  • Bharti Airtel (NXTRA DATA)
  • Biznet Data Center
  • Bridge Data Centres
  • Canberra Data Centres
  • Chayora
  • China Mobile
  • China Unicom
  • CMC Telecom

For more information about this report visit https://www.researchandmarkets.com/r/67pjft

Contacts

ResearchAndMarkets.com

Laura Wood, Senior Press Manager

press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470

For U.S./CAN Toll Free Call 1-800-526-8630

For GMT Office Hours Call +353-1-416-8900

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Shortages of Low-Skill, Middle-Skill, and High-Skill Workers Causing Revenue Declines and Other Headaches for Employers, TrueBlue’s Latest Study Finds

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December 6, 2019

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TACOMA, Wash.–(BUSINESS WIRE)–While there has been a lot of discourse around the shortage of high-skill workers in the U.S., a new study by staffing giant TrueBlue shows a significant percentage of employers are also struggling with deficits in low-skill and middle-skill workers – and dealing with a host of business challenges as a result.

According to TrueBlue’s nationwide survey, which included nearly 1,500 managers (HR, operational, and business), skills shortages are widening across skills categories:

  • 32% of managers can’t find workers to fill low-skill positions (generally classified as those that may or may not require a high school diploma and require little to no experience)
  • 46% can’t find workers for middle-skill jobs (typically require some experience and continuing education such as college courses, an apprenticeship or certification, but don’t necessarily require a four-year college degree)
  • 35% can’t find workers for high-skill jobs (typically require a four-year degree or higher and specialized experience)

“Low unemployment coupled with globalization, accelerated technology advancement, and evolving work models are creating talent deficits across all skill levels within organizations,” said Patrick Beharelle, CEO of TrueBlue. “The skills supply is not keeping up with demand, which is fueling a greater intensity in an already competitive labor market and adversely impacting productivity, service quality, and revenue growth for businesses.”

Impact of Talent Shortages on Businesses

The top three business challenges managers are experiencing due to prolonged job vacancies within their organizations include:

  • Quality – More than a third of managers (35%) reported that extended job vacancies have caused lower product or service quality.
  • Turnover – 25% have seen higher employee turnover.
  • Revenue – 23% said their companies experienced a decline in revenue.

To address talent shortages and minimize associated business impact, 2 in 5 companies (41 percent) reported that they plan to raise compensation for entry-level workers and nearly half (46 percent) plan to train and hire the long-term unemployed in the coming year.

Survey Methodology

This SurveyMonkey survey was conducted online in the U.S. by TrueBlue between September 23 and October 15, 2019. It included 1,499 managers (HR, operations and general). The survey was across regions, industries, and company sizes.

About TrueBlue

TrueBlue (NYSE: TBI) is a global leader in specialized workforce solutions that help clients achieve business growth and improve productivity. In 2018, the company connected approximately 730,000 people with work. TrueBlue’s PeopleReady segment offers on-demand industrial staffing services, PeopleManagement offers contingent and productivity-based, on-site industrial staffing and driver staffing services, and PeopleScout offers recruitment process outsourcing (RPO) and managed service provider (MSP) solutions to a wide variety of industries. Learn more at www.trueblue.com.

Contacts

Jennifer Grasz

Vice President, Corporate Communications

jgrasz@trueblue.com
(312) 840-6327

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Law Firm of Estey & Bomberger Reports: Uber Says Nearly 6,000 Rapes, Sexual Assaults Occurred in Two-year Period

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2 days ago

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December 6, 2019

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SAN DIEGO–(BUSINESS WIRE)–The law firm of Estey & Bomberger reported today that Uber’s long-awaited sexual assault report was released Dec. 5, with the ride-hailing company admitting that 5,981* passengers and drivers were raped or sexually assaulted between 2017-2018.

“I applaud Uber for releasing the data that acknowledges there is a problem with sexual assaults occurring in rideshare. While we believe these assaults were preventable, Uber’s report represents a tremendous step for ride-hailing safety,” said Estey & Bomberger attorney Mike Bomberger. “I think there are many positive measures Uber is taking. However, Uber still has an obligation to help the victims who have been raped and assaulted and facing a lifetime of emotional pain. They will need ongoing therapy.”

Estey & Bomberger represents more than 100 ride-hailing sexual assault victims.

“It’s important to remember when reading this report that only one in three women report their sexual assault,” Bomberger said. “Therefore, the number of women who have been sexually assaulted is certainly much higher than reported here.”

Bomberger reiterated his call for all ride-hailing trips to be digitally recorded.

“We’re pleased that Uber is now testing cameras in Texas. That’s the real solution to this problem – if drivers know they’re being recorded they won’t rape and assault,” Bomberger said.

Estey & Bomberger is asking Lyft and Uber sexual assault victims, along with former employees of the ride-sharing firms, to contact its office by calling 866-964-1708 or emailing info@lyftsexualassaultlawyers.com.

*statistic courtesy NPR “Uber Received Nearly 6,000 U.S. Sexual Assault Claims in Past 2 Years,” Dec. 5, 2019.

Contacts

for Estey & Bomberger

Ed Vasquez, 408-420-6558

ed@ejvcommunications.com

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Best’s Market Segment Report: AM Best Maintains Global Reinsurance Market Outlook at Stable

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Published

2 days ago

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December 6, 2019

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OLDWICK, N.J.–(BUSINESS WIRE)–AM Best has maintained a market segment outlook of stable on the global reinsurance industry for 2020, citing a stabilized pricing environment — albeit at levels below long-term adequacy — the continuing alignment between traditional and third-party capital and ongoing stability in the global life reinsurance segment.

A new Best’s Market Segment Report, titled, “Market Segment Outlook: Global Reinsurance,” states that although rates in the non-life reinsurance market have improved modestly, pricing has not kept adequate pace with the changing risk dynamics, as illustrated by loss development from events such as hurricanes Irma and Maria and Typhoon Jebi, and potential losses from more-recent events (e.g., Hurricane Dorian). Property catastrophe pricing still is being driven by the availability of third-party capital; however, the increasing interdependence between traditional capacity and third-party capital through joint ventures, retrocession and direct ownership should serve to more closely align return objectives for the market overall. Third-party capital also represents a benefit in the form of stabilized earnings of rated balance sheets, due to tail risk being assumed by this capital.

Overall market conditions are improving, but AM Best remains concerned about insufficient rate adequacy relating to certain U.S. casualty lines, a steady decline in the benefit of favorable reserve releases and the pervasive low interest rate environment. The collective effect of these factors requires underwriting discipline, and failure to react to these pressures could adversely affect the segment.

The report outlines other factors that are driving the stable market segment outlook, including:

  • AM Best believes alternative third-party capital will hold the line on future return expectations following the recent heavy catastrophe loss years;
  • A decline in capital consumption and earnings volatility, due in part to the increased utilization of third-party capital in retrocessionaire programs;
  • Greater emphasis on underwriting discipline due to pressure on interest rates and potential slower economic growth globally;
  • Improving pricing momentum driven by higher loss costs, coupled with lower loss reserve redundancies;
  • Increased demand for non-life reinsurance due to primary companies’ recent loss experience, as well as new risk transfer opportunities and mergers and acquisitions;
  • Stable operating performance among life reinsurers, which continue to maintain defensible market positions and offer services beyond risk transfer that create hurdles for new entrants.

To access the full copy of the overall global reinsurance briefing, please visit http://www3.ambest.com/bestweek/purchase.asp?record_code=292334.

Separate briefings on the non-life and life reinsurance segments can be viewed at:

To view a video with AM Best Associate Director Scott Mangan about the global reinsurance market segment outlook, please visit http://www.ambest.com/v.asp?v=globalreoutlook1219.

AM Best is a global credit rating agency, news publisher and data provider specializing in the insurance industry. The company does business in more than 100 countries. Headquartered in Oldwick, NJ, AM Best has offices in cities around the world, including London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit www.ambest.com.

Copyright © 2019 by A.M. Best Company, Inc. and/or its affiliates.

ALL RIGHTS RESERVED.

Contacts

Robert DeRose
Senior Director
+1 908 439 2200, ext. 5435
robert.derose@ambest.com

Greg Carter
Managing Director
+44 20 7397 0288
greg.carter@ambest.com

Michael Porcelli, FSA
Director
+1 908 439 2200, ext. 5548
michael.porcelli@ambest.com

Christopher Sharkey
Manager, Public Relations
+1 908 439 2200, ext. 5159
christopher.sharkey@ambest.com

Jim Peavy
Director, Public Relations
+1 908 439 2200, ext. 5644
james.peavy@ambest.com

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