Data centers, the backbone of cloud services, are significant energy consumers.
In 2023, the market was valued at approximately $25.20 billion and is projected to grow at a compound annual growth rate (CAGR) of 19.2% from 2024 to 2030.
Innovations such as advanced cooling systems and energy-efficient hardware are reducing the energy footprint of data centers.
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Midsize businesses are tapping into the social business market because large companies do not need the help of start-ups to create a “social technology stack.” But a social business stack cannot generate revenue by itself.