5 things to know for December 07: Data centre CAPEX growth, WANdisco accelerates IBM’s shift to Hybrid Cloud
Here are the five things you need to know this afternoon, December 07, 2020, from around the world.
Data centre CAPEX continues to grow despite COVID-19
Demand for data centre services continues to rise despite COVID-19 and its economic impacts, according to Omdia’s Cloud & Colocation Data Centre CAPEX Market Tracker.
Data centre CAPEX by cloud and colocation service providers is expected reach $180 billion in 2024, growing at a 15.7% compound annual growth rate (CAGR) from 2020 through 2024 as service providers work to stay ahead of customer demand.
Cloud and colocation service providers continue to benefit from the sustained secular demand trends already in place, but enterprises will continue to accelerate their digital transformation activities as they mitigate the risk of potential unknown future fallout from the pandemic and its economic impact.
The greatest portion of total data centre capital spending is IT equipment including servers, storage, networking and other devices, which is forecast to be 71.5% of total spend for CY20. Physical infrastructure equipment represents 19.5% and land & building at 9%.
Snowflake’s financial results for Q3 of fiscal 2021
Data cloud provider Snowflake (NYSE: SNOW) has announced financial results for its third quarter of fiscal 2021, ended October 31, 2020.
Total revenue for the quarter was $159.6 million, representing 119% year-over-year growth and product revenue was $148.5 million, representing 115% year-over-year growth.
"We are pleased with our performance this first quarter as a public company," said Snowflake CEO, Frank Slootman.
"The period was marked by continued strong revenue growth coupled with improving unit economics, cash flow, and operating efficiencies. Our vision of the Snowflake Data Cloud mobilizing the world’s data is clearly resonating across our customer base."
D4t4 Solutions Plc wins new contracts
D4t4 Solutions Plc has announced two new contract upgrades in the financial services sector for the Group’s Celebrus customer data platform (CDP).
These contract upgrades will add a further £3.5 million to revenue in the current financial year and bring the total added to second half revenue from recent contract successes, as announced on 5 November 2020, to £9 million.
Peter Kear, CEO of D4t4 Solutions said, "We are delighted with these contract successes. Financial services is a key market for us where we see increasing opportunities for growth.
“These contracts provide us with excellent references for our technology, including with a top three US financial services company who are expanding the use of our software to collect real-time digital data throughout their organisation.”
American Tower Edge data centres available through Cloudnexion
American Tower (NYSE: AMT) has announced it is now working with Cloudnexion, a technology and telecommunications firm that helps its customers source and procure telecom infrastructure, to share key information on its six Edge data centre locations.
American Tower has launched sites in Atlanta, Georgia; Austin, Texas; Boulder, Colorado; Denver, Colorado; Jacksonville, Florida; and Pittsburgh, Pennsylvania.
"Edge computing is only becoming more critical in today's cloud-based environment,” said Jake Cummins, Founder and CEO of Cloudnexion.
“Milliseconds matter in order for many applications in the modern IT ecosystem to run properly, be it real-time apps or enterprise applications. Working with a leading service provider, such as American Tower, and an expert advisory partner that understands the edge, like Cloudnexion, is sure to make your edge deployment successful."
WANdisco accelerates IBM’s shift to Hybrid Cloud
WANdisco has announced that its existing relationship with IBM has been extended to integrate WANdisco’s LiveData Migrator, into IBM’s Big Replicate solution.
IBM Big Replicate already features WANdisco’s patented LiveData Plane technology, which enables data consistency within distributed environments to help clients keep unstructured data accessible, accurate and consistent across multiple Hadoop distributions.
David Richards, CEO and Co-founder of WANdisco said, “We have been working successfully with IBM for four years and it is exciting to see our partnership evolve to encompass LiveData Migrator, our latest product, and provide IBM customers with the ability to start moving data at petabyte-scale to the cloud in minutes.
“With legacy Hadoop platforms being retired over the next 12 months, there is an immediate need for enterprises to consider their choices for their next-generation analytics platforms.”