Due to the ongoing market weakness, Nokia reported a 19% year-on-year constant currency decline in net sales in the first quarter of 2024. Within a challenging environment, order trends continue to improve year-on-year, particularly in the Network Infrastructure business unit.

Read more: Resilience Amidst Market Volatility: Nokia's Q1 2024 Performance

Smart cities use information and communication technologies to enhance quality of life, sustainability, and efficiency in infrastructure and processes. By 2025, the Middle East expects to invest nearly USD 50 billion in smart city projects. In densely populated urban areas, services like building management systems, video, and Wi-Fi use huge amounts of internet bandwidth. Therefore, smart cities need the construction of high-bandwidth, highly secure, reliable, and flexible all-optical networks to reduce operational expenses (OpEx) and support future growth.

Read more: Rosenberger's Structured Cabling Solutions: Creating Smart Network Connectivity for the Middle East

In today's tech-driven world, advancements in artificial intelligence (AI), autonomous driving, Internet of Things (IoT), and 5G Advanced (5G-A) are reshaping the landscape of computing. One of the most significant trends emerging from this evolution is the increasing demand for edge computing. According to Grand View Research, the global edge computing market size reached USD 16.45 billion in 2023 and is projected to witness a remarkable compound annual growth rate (CAGR) of 36.9% from 2024 to 2030. Edge computing, still in its infancy, holds tremendous promise for businesses worldwide.

Read more: Unlocking the Potential of Edge Computing with Rosenberger's Intelligent Micro Data Center Solution

Huawei Cloud showcased its industry-leading intelligent and simplified cloud native security solutions, which protect entities across the Middle East and Central Asia against sophisticated cyberattacks, during GISEC Global 2024 in Dubai.

Read more: Huawei’s Smart Cloud Native Security Solutions for Enterprise

In 2023, Huawei—the Chinese tech giant—saw its profits soar, more than doubling to 87 billion Chinese yuan (CNY) (equivalent to USD 12 billion), compared to CNY 35.6 billion in 2022. However, this fell short of its record profit of CNY 113.7 billion in 2021. The company also reported a 9.6% surge in revenue, amounting to CNY 704.2 billion.

Read more: Huawei 2023 Profits Double, Reaching USD 12 Billion

In the ever-evolving landscape of technology, few advancements have promised as much transformative potential as artificial intelligence (AI). With its ability to analyze vast amounts of data, recognize patterns, and make informed decisions autonomously, AI is poised to revolutionize industries across the board. As we look ahead to the next few years, the growing importance of AI is undeniable, particularly in the realm of data centers.

Read more: AI in the Data Center: Are MTP® Connectors Revolutionizing the Technological Landscape?

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