The 2023 report on the “Data Center As a Service Market” presents a thorough and accurate examination of different factors pertaining to business expansion prospects, challenges, risk elements, and trends in all geographical regions. This report delivers current information on the most recent technological developments, along with SWOT and PESTLE analysis, and valuable insights on market size.
Global Data Center as a Service Market is valued at approximately USD 52.7 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 26.2% over the forecast period 2022-2029. Data center as a service (DCaaS) is the provision of offsite physical data center facilities and infrastructure to clients. DCaaS enables the lease or rent access to the provider’s data center, networking, using the servers, storage, and other computing resources that is owned by the DCaaS provider. Factors such as increasing demand for connected devices, high data center ownership costs, and rising number of strategic initiatives by the key market players are burgeoning the market demand across the globe.
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According to data from the U.S. Bureau of Economic Analysis and the U.S. Census Bureau, the goods and services deficit increased by $1.9 billion from $68.7 billion in January 2023 to $70.5 billion in February. The increase in the goods and services deficit in February was due to a $2.7 billion increase in the goods deficit to $93.0 billion and a $0.8 billion increase in the services surplus to $22.4 billion. Compared to the same period in 2022, the goods and services deficit has dropped this year by $35.5 billion, or 20.3%. $49.5 billion or 10.8% more was exported. 2.2% or $14.0 billion more was spent on imports.
As per the Statista report, in 2019, there was approximately 8.6 billion Internet of Things (IoT) connected devices were accounted for, which is projected to reach nearly 19.1 billion devices by 2025. Accordingly, the increasing usage of connected devices is propelling the demand for Data Center as a Service, which is accelerating global market growth.
In addition, an increase in the number of SMEs adopting digital technologies, as well as growing investment in R&D activities are presenting various lucrative prospects for market growth over the forecasting years. However, the lack of robust IT infrastructure in remote regions and rising data security concerns and privacy breaches are hindering stifles market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global Data Center as a Service Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America dominated the space in terms of revenue, owing to the growing use of digital services, rising emphasis on the technological developments, and increasing demand for data processing across diverse verticals. Whereas, Asia Pacific is expected to grow significantly during the forecast period, owing to factors such as increasing deployment of data centers, rising number of government initiatives as well as growing presence of telecom networks players.
Major market players included in this report are:
Amazon.com, Inc
Microsoft Corporation
Hewlett Packard Enterprise Development LP
Alphabet (Google)
IBM
Alibaba
Huawei Technologies Co., Ltd.
Dell Technologies, Inc.
Synology Inc.
DigitalOcean, LLC
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Recent Developments in the Market:
In August 2022, Amazon Web Service (AWS) announced the introduction of the company’s second region in the Middle East, the AWS Middle East (UAE) Region. This initiative supports entrepreneurs, startups, developers, and enterprises, along with government, nonprofit organizations, and education to run their applications by using advanced AWS technologies to drive innovation and serving end users from data centers across the United Arab Emirates (UAE).
In August 2022, Semtech declared the launch of novel CopperEdge product portfolio for the usage in next generation 400G (4x100G) and 800G (8x100G) data center interconnects by using copper cable and backplane interconnects.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Infrastructure:
Servers
Storage
Networking
By Organization Size:
SMEs
Large Enterprises
By Vertical:
Retail
BFSI
IT & Telecom
Healthcare
Manufacturing
Others
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By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
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