Connect with us


Colocation Edge Data Center Market revenue to cross USD 25 Bn by 2028: Global Market Insights Inc.



Colocation Edge Data Center Market revenue to cross USD 25 Bn by 2028: Global Market Insights Inc.

Major colocation edge data center market players include China Telecom Global Limited, Digital Realty Trust, Inc., Eaton Corporation PLC, Emtel, Equinix, Inc., Fujitsu Limited, Hewlett-Packard, IBM Corporation, KDDI Corporation, NTT Communications Corporation, Ltd., Rackspace Inc., Schneider Electric SE, Singapore Telecommunications Limited, Teraco Data Environments, Verizon Communications Inc., and Vertiv Group Corp.

SELBYVILLE, Del., Feb. 24, 2022 — The colocation edge data center market size is anticipated to record a valuation of USD 25 billion by 2028, according to the most recent study by Global Market Insights Inc.  The market growth can be attributed to the increasing demand for robust IT infrastructures that enable efficient data management at optimum costs.

The increasing demand for retail colocation that offers highly a secure space in a multi-tenant data center will help in the colocation edge data center market expansion. These environments are easily deployable and allow businesses to expand their IT infrastructure footprints while maintaining the highest levels of security and operational dependability regarding mission-critical data. Colocation edge data center service providers offer server security, storage, cooling, power, and networking equipment to customers. Retail colocation companies cater to large geographies while offering managed services, on-site employees, and carrier & cloud connections. SMEs with limited budgets are increasingly using retail colocation services to leverage the benefits of cost-efficient & high-quality edge data centers with increased scalability.

To deliver better services to their residents, governments are adopting digital technologies. They gather and store large amounts of sensitive & confidential data, which must be safeguarded and managed to prevent data breaches and losses. As municipal and state government services become increasingly digital, IT specialists are required to manage complex systems, thereby boosting the demand for colocation edge data centers that enable high-speed data processing. The increasing use of digital technologies will stimulate the demand for efficient edge data centers in data management. Upgrading to colocation edge data centers can help government organizations in saving money & energy while improving operational efficiency to offer secured services to citizens.

The increasing digitalization of the banking sector in North America is driving the colocation edge data center market progression. With the surging use of online banking, mobile wallets, and smart card-based payments, there is a rising demand for effective data management systems. Banks and financial institutions are progressively storing & processing sensitive consumer information, thereby fostering the demand for robust IT infrastructure. Increased capacity and throughput are required for mission-critical systems, high-bandwidth applications, and online transaction activities including digital transfers. The colocation edge data center provides effective & dependable assistance for banking applications. It also helps banks and financial institutions to efficiently plan for disaster recovery, thereby enabling business continuity.

The prominent companies operating in the colocation edge data center market include China Telecom Global Limited, Digital Realty Trust, Inc., Eaton Corporation PLC, Emtel, Equinix, Inc., Fujitsu Limited, Hewlett-Packard, IBM Corporation, KDDI Corporation, NTT Communications Corporation, Ltd., Rackspace Inc., Schneider Electric SE, Singapore Telecommunications Limited, Teraco Data Environments, Verizon Communications Inc., and Vertiv Group Corp.

Some of the major findings of the colocation edge data center market report are:

  • The increasing use of dependable, scalable, and secure IT infrastructure for efficient data management and business continuity is accelerating the colocation edge data center market value. Colocation offers higher cost benefits and data management capabilities as compared to building & maintaining exclusively owned data center facilities.
  • Government organizations focusing on the expansion of the energy sector to support the demand for colocation edge data centers. Data centers offer robust data storage & processing infrastructure for large data volumes generated from seismic interpretation, unconventional systems engineering, and well-path planning.
  • The growing demand for retail colocation that provides a secure space in a multi-tenant data center will augment the colocation edge data center market demand. Customers are increasingly using retail colocation services to leverage the benefits of high-quality edge data center services with increased scalability at optimum prices.
  • The need for colocation edge data centers is growing as they allow large enterprises to lease large floor spaces that are close to customers while scaling up IT infrastructure. Colocation allows major enterprises to focus on their core businesses rather than on edge data center maintenance & upgrades. It also helps to efficiently manage & maintain large volumes of data.
  • The rising number of online shoppers is resulting in increased data traffic. This factor has encouraged investments in IT infrastructure, particularly in data centers. Several retailers are switching to colocation edge data centers to reduce operational IT expenses.


KaarTech Expands Digital Transformation Footprint with Acquisition of Dunn Solutions Group Inc.




KaarTech , a global Digital Transformation Consulting company, is excited to announce its latest strategic move in the world of digital transformation. The company has broadened its’ capabilities and geography by successfully acquiring Dunn Solutions Group Inc. , a leading Customer Experience Solutions Consultancy headquartered in Chicago, Illinois.

Founded in 2006, KaarTech has solidified its position as a key player within the SAP ecosystem. With a proven track record of delivering digital transformation success across various sectors, including Discrete Manufacturing, Process Manufacturing, and Consumer Packaged Goods, KaarTech has carved a niche for itself. The company has also developed proprietary intellectual property, KEBS for Professional Services and KTern.AI for SAP Digital Transformation , reinforcing its reputation as a formidable force in the Digital Transformation Arena.

Founded in 1988, Dunn Solutions is headquartered outside of Chicago and has offices both in Minneapolis and Bengaluru. The company has carved its niche as a Digital Commerce and Business Transformation Consultancy. Their core mission revolves around delivering unmatched velocity and transformative solutions to their clients.

This strategic acquisition facilitated by Eiliant Advisors, a Bangalore based Investment Banking Firm, marks a watershed moment for KaarTech as it combines its extensive SAP domain expertise, especially in SAP S/4HANA, with Dunn Solutions’ prowess in Digital Customer Experience.

Speaking about the acquisition, Mr. Maran Nagarajan, CEO of KaarTech, says, “We are excited to join forces with Dunn Solutions to accelerate our vision of redefining Digital Transformation. This partnership brings together the best of both worlds – our SAP expertise and Dunn Solutions’ prowess in Customer Experience – to create a transformative force that will deliver exceptional value to our clients.”

This union not only broadens the horizontal scope of KaarTech’s services but also strengthens its commitment to providing cutting-edge digital solutions that drive business growth and competitiveness. With this partnership, KaarTech solidifies its position as a true leader in the Digital Transformation Arena.

Mr. Bill Dunn, CEO of Dunn Solutions, says “KaarTech has earned a reputation as a key driver of SAP innovation across a number of verticals over the years globally, and we are excited to join them as we look to leverage the assets and experience of Dunn Solutions to continue building on KaarTech’s success in the Digital Transformation Space.”

Continue Reading

Insurtech Named Among Most Innovative Insurtech Companies by FinTech Global



Prestigious InsurTech100 List for 2023 Recognizes the Austrian AI Pioneer’s Contribution to Transforming Insurance Processes today announced that they have been named to FinTech Global’s Sixth Edition of its prestigious InsurTech100 list for 2023. The ranking celebrates the groundbreaking tech companies that are developing solutions to the insurance industry’s most daunting challenges.

Our approach to intelligent document processing paves the way for insurers to explore a wealth of new opportunities, differentiating them from competitors in the digital transformation journey.

Over the last couple of years, insurance firms have faced an uphill battle to rapidly digitize their services and meet the evolving customer demands, nurturing a competitive landscape of Insurtech companies. This meant this year’s battle to earn a spot amongst the 100 InsurTech visionaries was intense. A select group of analysts and seasoned industry specialists sifted through a list of over 1,900 contenders presented by FinTech Global. The chosen few were acknowledged for their inventive technological applications either to solve a major industry challenge or to bolster efficiency throughout the insurance value chain.

“FinTech Global acknowledges for the second consecutive time’s role in revolutionizing document-centric processes within the insurance sector,” said Rainer Kegel, CEO of “It’s incredibly gratifying to be recognized for our efforts in addressing a significant industry challenge, namely reducing the need for human intervention in the document review process. Our approach to intelligent document processing paves the way for insurers to explore a wealth of new opportunities, differentiating them from competitors in the digital transformation journey.”

Quoting group benefits is probably one of the most challenging insurance processes as it requires the analysis of many documents of variable types and structures.’s intelligent document processing solution extracts, interprets and classifies complex information found in terms and provisions and is for example able to detect the best plan matching a competitor’s policy. “Large insurance carriers employ hundreds of people to manually review policies before submitting a quote for group benefits,” said Kegel. “Our solutions help them prepare more accurate quotes faster, and consequently close more deals.”’s Intelligent Document Processing (IDP) solutions leverage a unique approach to natural language understanding called Semantic Folding to reach unmatched levels of accuracy with unstructured text.’s solutions automatically search, extract and classify complex information from various documents such as insurance policies and emails with attachment, helping insurance companies eliminate quoting errors, improve customer response times and reduce labor intensive processes.

FinTech Global director Richard Sachar said, “The widespread availability of generative AI capabilities has opened the doors for even greater innovation within insurance. We’re entering a new wave of digitalization and insurance firms need to be prepared. The InsurTech100 will help top-level insurance executives in discerning the tech pioneers revolutionizing key areas like underwriting, pricing, distribution, and data analytics.”

About delivers highly efficient AI-based solutions that help enterprises unlock the value of unstructured text by leveraging a game-changing approach to Natural Language Understanding (NLU). SemanticPro is an intelligent document processing solution that accurately extracts, analyzes and classifies information based on meaning and builds the basis for document workflow automation. With more than 10 years expertise in implementing NLU solutions in the enterprise, has demonstrated its ability to solve the challenges of language ambiguity and variability across many use cases and verticals for Fortune 500 companies. has offices in the U.S. (New York and San Francisco) and Europe (Vienna).

Continue Reading


Boston based Startup Mona Lee Secures $3.25M Seed Round to Redefine the Clean Energy Experience for Consumers



Converting to sustainable energy can be a costly and confusing process for consumers. Mona Lee is moving the clean energy industry forward with its innovative and customer-centric approach, allowing homeowners to install solar panels and storage for 40-50% lower costs than what the competition offers.

Mona Lee, a Boston-based startup founded by former Tesla employee Walid Halty, has announced the successful closure of a $3.25 million seed funding round. The round included investments from prominent players in the technology and consumer sectors, such as Ludlow Ventures, Shrug VC, Palm Tree Crew (founded by Norwegian DJ Kygo), Coalition Operators, Plug and Play Ventures, and The Pags Group, owned by Boston Celtics’ owner Steve Pagliuca.

“Residential clean energy is a massive opportunity and we are excited to be redefining the buying and installation experience for eager consumers,” said CEO and Cofounder Walid Halty.

Mona Lee is on a mission to make solar, storage and EV charging installation for homes affordable and hassle-free. Since its launch, the company has experienced remarkable growth, installing in over 7 states with over 150 new customers per month and an average cost-per-order of $28,000.

The potential for growth in the home solar and storage industry is staggering, with an estimated $250 billion opportunity over the next six years alone. With 142 million homes in the U.S. and only 2 million having switched to solar in the past two decades, Mona Lee aims to tap into the remaining 140 million homes expected to adopt solar power alone by 2029.

The passage of the Inflation Reduction Act has fueled consumer interest in clean energy in recent years and Mona Lee has met the moment. The company’s unique selling proposition lies in its AI-powered buying experience. Mona Lee’s technology demystifies the process of designing and purchasing a complete solar panel and storage system for homes, while cutting costs for consumers by 40-50%.

Mona Lee’s CEO, Walid Halty, shared his excitement about the company’s recent funding success, stating, “This funding round is a testament to the need for Mona Lee’s innovative approach in the home solar and storage industry. We are committed to making solar and storage installation a no-brainer for all homeowners, and this investment will allow us to further accelerate our growth and expand our reach.”

With its innovative technology and commitment to bringing affordable and seamless solar and storage installation to homes across the country, Mona Lee is poised to redefine the clean energy experience for consumers.

About Mona Lee

Mona Lee is a Boston-based startup co-founded by Walid Halty, an ex-Tesla employee. The company is focused on making solar installation affordable and hassle-free for homeowners. With its AI-powered design and buying experience, Mona Lee aims to simplify the process of purchasing and installing a complete solar panel system–enabling every home to fulfill its own energy needs, while contributing to a more sustainable future.

Continue Reading


Subscribe to our Free Newsletter

Get Business and Marketing Insights from Experts, only onTimes of Startups!

Your Information will never be shared with any third party