/PRNewswire/ — The “Singapore Data Center Market – Investment Analysis and Growth Opportunities 2020-2025” report has been added to ResearchAndMarkets.com’s… A handful of analysts are upgrading their 12-month price targets for Twilio stock after the company’s telling investor presentation. News overnight of Trump’s positive test result jolted investors as it adds to the political uncertainty about a month ahead of the election.
DUBLIN, Oct. 2, 2020 /PRNewswire/ — The “Singapore Data Center Market – Investment Analysis and Growth Opportunities 2020-2025” report has been added to ResearchAndMarkets.com’s offering.
Singapore data center market size to grow at a CAGR of over 4% during the period 20202025
ST Telemedia Global Data Centre (STT GDC), Global Switch, Facebook, Google, Equinix, China Mobile International, and Digital Realty are some of the prominent investors in the market. The public cloud market in Singapore is estimated to reach $2.5 billion in 2025.
The digital economy is aiding in the growth of the country’s GDP by around 0.5% on an annual basis, with an estimated contribution of around $8 billion to the GDP by 2020. Singapore is one of the mature data center markets in APAC. The continuous investment by AirTrunk, Digital Reality, ST Telemedia, and Kepple is like to contribute to the incremental growth and revenues till 2025. In terms of the colocation market, Equinix and ST Telemedia add to 35%-40% Singapore data center market share in 2019.
Singapore is likely to remain as a major connectivity hub in the APAC region with global cloud service providers continue to expand their presence in the country. Singapore is the fastest growing center for analytics innovations, contributing around 45% of the revenues in 2019. Several measures have been taken by the government to develop the overall digital economy and reach the goal of becoming a Smart Nation. In 2019, Singapore government launched the National AI Strategy to address challenges that affect the society. The growth in IoT and 5G network will generate the demand for edge computing data centers in the country.
The report considers the present scenario of the Singapore data center market and its dynamics for the forecast period 2020-2025. It covers a detailed overview of several growth enablers, restraints, and trends in the market. The study includes the demand and supply aspect of the data center market.
KEY HIGHLIGHTS OF THE REPORT:
This report offers an elaborative analysis of the Singapore data center market investments in terms of infrastructure and geography. It discusses sizing and estimation for different segments with respect to the investment in data centers. The segmentation includes:
Key Market Participants
IT Infrastructure Providers
Construction Service Providers
Support Infrastructure Providers
Data Center Investors
For more information about this report visit https://www.researchandmarkets.com/r/emfsz3
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Laura Wood, Senior Manager
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Author: Research and Markets
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Why Twilio Stock Soared on Friday
An analyst day presentation from Twilio (NYSE:TWLO), a provider of cloud-based communication tools and services for developers, has investors looking up on Friday. The stock was up 15% as of 1:08 p.m. EDT.
The company’s announcement that its third-quarter revenue would be above its previous guidance range for the period likely helped fuel the growth stock’s move higher. In addition to updating its view for its just-ended third quarter, management provided an optimistic forecast for its revenue growth potential over the next four years.
Image source: Getty Images.
Management “expects that the Company’s total revenue for the quarter ended September 30, 2020 will be ahead of the Company’s previously issued guidance of $401 million to $406 million,” the company disclosed in an 8-K filing along with its investor presentation on Thursday.
Analysts were modeling for revenue of $407.9 million, implying 42% year-over-year growth. But given Twilio’s move to go out of its way to let investors know it will beat its guidance range, a revenue beat is likely in the cards.
Twilio also said at its presentation on Thursday that it expects 30%-plus organic annualized revenue growth rates over the next four years.
Analysts loved the investor presentation and have been rushing to reiterate buy ratings on the stock, with many raising their price targets. Analysts from Wells Fargo, Piper Sandler, JMP Securities, Cowen, Baird, RBC Capital, and D.A. Davidson all raised their 12-month price targets for the stock after the event.
Author: Daniel Sparks
Stocks Close Lower After Trump Tests Positive for Coronavirus
U.S. stocks fell Friday after President Trump said he and the first lady tested positive for coronavirus, but all three major indexes held on to notch gains for the week.
The overnight development jolted investors and added to the political uncertainty about a month ahead of the election. For now, some investors’ initial impulse has been to sell stocks and pare back risk as they grapple with the implications of President Trump’s infection.
At its lowest point of the session, the Dow Jones Industrial Average was down more than 400 points. The blue chip index recouped much of those losses after House Speaker Nancy Pelosi issued a statement asking airlines to hold off on furloughs and firings as Congress works on an aid package for the industry, sending shares of those companies higher.
The Dow ended Friday down 134.09 points, or 0.5%, to 27682.81, its first loss in three days. Gains from recent sessions helped push the Dow up 1.9% for the week, halting a four-week losing streak.
Investors’ concerns range from how the government will function if President Trump’s condition worsens to whether other senior government officials are at risk, some analysts said. There are also worries about whether the development raises the stakes of a contested election or a delay, others added.
Author: Michael Wursthorn and Caitlin Ostroff