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Data Center Rack Market in Saudi Arabia | Growing Deployment of Edge Computing to Stimulate Growth During 2020-2024 | Technavio

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The data center rack market in Saudi Arabia is set to grow by USD 8.87 million accelerating at a CAGR of almost 4%, during the period spanning over 2020-2024. One of the key factors driving growth is the increased investments in data centers. The growing interest in cloud computing has created a need for data centers in Saudi Arabia. The growing deployment of edge computing is a significant trend that will further stimulate market growth. The increasing benefits of edge computing have encouraged various enterprises to deploy edge computing solutions in Saudi Arabia to cater to the growing demand.

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Parent Market Analysis

Technavio categorizes the data center market in Saudi Arabia as a part of the global Internet services and infrastructure market within the global IT services market. The parent global IT services market cover companies offering IT consulting and system integration services, application services, electronic data processing services, business process outsourcing services, infrastructure services, and Internet services. The global Internet services and infrastructure market covers companies providing services and infrastructure for the Internet industry, including data centers and cloud networking and storage infrastructure. It also includes companies providing hosting services. Growth in the global internet services and infrastructure market will be driven by the planned expansion by hyperscalers.

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Data Center Rack Market in Saudi Arabia: Segmentation by End-user

The report segments the market by end-user: Cabinet and Open frame. The major demand for data center racks came from the cabinet segment in 2019. Enterprises in Saudi Arabia are adopting cabinet racks for data centers, primarily for servers, which is leading to an increase in demand for such racks. This is encouraging various vendors in the market to offer cabinet racks to gain more market shares.

Data Center Rack Market in Saudi Arabia: Segmentation by Type

The server rack segment was leading the segment in 2019. Several enterprises in Saudi Arabia are actively investing in the installation of high-performance computing (HPC) and focusing on adopting HPC-as-a-service as their IT model. In addition, the rising adoption of cloud-based models has increased the demand for server units. These factors are driving the demand for server racks in Saudi Arabia. This report provides an accurate prediction of the contribution of all the segments to the growth of the data center rack market size.

Data Center Rack Market in Saudi Arabia: Growth Drivers

The market is driven by increasing investments in data centers. The growth in the volume of data generation has compelled many enterprises to build their own new data centers or lease data center spaces. Also, the increasing adoption of cloud-based solutions has further increased the need for data centers. In addition, the Government in Saudi Arabia is undertaking various initiatives to develop smart cities across the country. The development of smart cities will lead to the generation of massive amounts of data, which in turn, will drive the growth of the market during the forecast period.

Data Center Rack Market in Saudi Arabia: Challenges to Overcome

The rising adoption of cloud services and IoT devices has increased the threat of cyberattacks. Also, Saudi Arabia ranks number two in the world in terms of data breach costs. In 2018, Saudi Arabia reported that more than 155,000 cyberattacks hit its servers each day. Such events would discourage investments in data centers in Saudi Arabia, which might challenge the growth of market vendors.

Data Center Rack Market in Saudi Arabia: Vendor Landscape

This report provides information on revenue, organizational developments, and key go-to-market strategies of several leading data center rack companies, including:

  • Dell Technologies Inc.
  • Eaton Corporation Plc
  • Fujitsu Ltd.
  • Hewlett Packard Enterprise Co.
  • Legrand SA
  • Oracle Corp.
  • Panduit Corp.
  • Rittal GmbH & Co. KG
  • Schneider Electric SE
  • Vertiv Group Crop

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Technavio reports cover the following key research areas:

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  • Market favorability index
  • Market opportunity by segments
  • Customer Landscape
    • Analysis of drivers of price sensitivity
    • Key purchase criteria
    • Customer purchase basket
  • Impact of drivers and Challenges
  • Vendor landscape
    • Factors of differentiation
    • Landscape disruption
    • Key industry risks
    • Market position of vendors

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focus 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, Technavios 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 Technavios 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.

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CleanSpark Provides Update on Bitcoin Balance and Mining Revenue

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SALT LAKE CITY, Jan. 20, 2021 /PRNewswire/ — CleanSpark, Inc. (Nasdaq: CLSK), (“CleanSpark, or the Company”), an advanced software and controls technology solutions company focused on solving modern energy challenges, today provided an update on the number of Bitcoins mined by its wholly-owned subsidiary, ATL Data Centers LLC.  In the first 40 days since the acquisition of the mining operation, the Company has generated just over 56 Bitcoins as of end of business, January 19, 2021.

Microgrid Technology Company Updates Bitcoin Mining Results

 The Company had previously stated its plan to strategically manage the percentage of the coins it holds or sells according to market conditions and current Bitcoin prices. To date, CleanSpark continues to hold approximately 31 of the 56 Bitcoins it has mined.  As the Company observes a 9/30 fiscal year end, the mining revenue thus far in FY 2021 has exceeded $1.6 Million based on the daily price of Bitcoin on the date they were mined.

The company expects its daily production numbers to continue to increase over the coming weeks as we further expand mining production capacity. CleanSpark intends to update its investors with additional information as both the energy and data operation's upgrades progress.

Zach Bradford, CleanSpark's President and Chief Executive Officer stated, “We committed to our investors that we would deliver regular updates on the status of our Bitcoin mining activities as we proceed with our growth strategy. After 40 days, we are pleased with the results generated to date and look forward to providing additional updates on the progress towards our stated objectives both in the energy space and in Bitcoin mining. Our team is dedicated to working diligently to maximize shareholder value and we will continue to update all interested parties as we achieve future milestones.”

CleanSpark's Executive Chairman Matthew Schultz recently provided insights to investors about mining and other relevant topics at the RenMark Virtual Conference.  A recording of the presentation can be viewed HERE.

Parties interested in learning more about CleanSpark products and services are encouraged to inquire by contacting the Company directly at [email protected] or visiting the Company's website at www.cleanspark.com.

Investors are encouraged to contact the Company at [email protected] or visiting the Company's website at https://ir.cleanspark.com/

About CleanSpark:

CleanSpark, Inc., a Nevada corporation, is in the business of providing advanced software and controls technology solutions to solve modern energy challenges.  We have a suite of software solutions that provide end-to-end microgrid energy modeling, energy market communications, and energy management solutions.  Our offerings consist of intelligent energy monitoring and controls, intelligent microgrid design software, middleware communications protocols for the energy industry, energy system engineering, and software consulting services. 

Through its wholly owned subsidiary ATL Data Centers LLC, CleanSpark owns and operates a data center that provides customers with traditional on-site and cloud-based data center services. The Company also owns and operates a fleet of over 3,400 ASIC (application-specific integrated circuit) Bitcoin miners producing over 200 PH/s in mining capacity. Capacity is expected to increase to over 300 PH/s in mining capacity in early 2021. CleanSpark plans to apply its technologies with a goal of mining bitcoins at the lowest energy prices in the United States. For more information, visit https://ATL-DATA.com

Forward-Looking Statements:

CleanSpark cautions you that statements in this press release that are not a description of historical facts are forward-looking statements. These statements are based on CleanSpark's current beliefs and expectations. The inclusion of forward-looking statements should not be regarded as a representation by CleanSpark that any of our plans will be achieved. Actual results may differ from those set forth in this press release due to the risk and uncertainties inherent in our business, including, without limitation: the future value of Bitcoin, the successful deployment of energy solutions on the data center, the fitness of our energy software and solutions for this particular application or market, the expectations of future revenue growth may not be realized, ongoing demand for our software products and related services, the impact of global pandemics (including COVID-19) on the demand for our products and services; and other risks described in our prior press releases and in our filings with the Securities and Exchange Commission (SEC), including under the heading “Risk Factors” in our Annual Report on Form 10-K and any subsequent filings with the SEC. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof, and we undertake no obligation to revise or update this press release to reflect events or circumstances after the date hereof. All forward-looking statements are qualified in their entirety by this cautionary statement, which is made under the safe harbor provisions of the Private Securities Litigation Reform Act of 1995.

Contact – Investor Relations:
CleanSpark Inc.
Investor Relations
(801)-244-4405

 

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SOURCE CleanSpark, Inc.

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Thinking about trading options or stock in Netflix, Vir Biotechnology, Alibaba, Niu Technologies, or Advanced Micro Devices?

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NEW YORK, Jan. 20, 2021 /PRNewswire/ — InvestorsObserver issues critical PriceWatch Alerts for NFLX, VIR, BABA, NIU, and AMD.

Click a link below then choose between in-depth options trade idea report or a stock score report.

Options Report – Ideal trade ideas on up to seven different options trading strategies. The report shows all vital aspects of each option trade idea for each stock.

Stock Report – Measures a stock's suitability for investment with a proprietary scoring system combining short and long-term technical factors with Wall Street's opinion including a 12-month price forecast.

(Note: You may have to copy this link into your browser then press the [ENTER] key.)

 

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SOURCE InvestorsObserver

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Thinking about trading options or stock in General Motors, Eli Lilly, CarMax, Micron Technology, or Roku?

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NEW YORK, Jan. 20, 2021 /PRNewswire/ — InvestorsObserver issues critical PriceWatch Alerts for GM, LLY, KMX, MU, and ROKU.

Click a link below then choose between in-depth options trade idea report or a stock score report.

Options Report – Ideal trade ideas on up to seven different options trading strategies. The report shows all vital aspects of each option trade idea for each stock.

Stock Report – Measures a stock's suitability for investment with a proprietary scoring system combining short and long-term technical factors with Wall Street's opinion including a 12-month price forecast.

(Note: You may have to copy this link into your browser then press the [ENTER] key.)

 

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/thinking-about-trading-options-or-stock-in-general-motors-eli-lilly-carmax-micron-technology-or-roku-301211726.html

SOURCE InvestorsObserver

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