The global data center market value was $187.25 billion in 2020. The data center market is forecast to grow at a compound annual growth rate (CAGR) of 10.2% during the forecast period from 2021-2027.
A data center is a physical facility in an enterprise used in order to house and process data, distribute applications, and share IT operations. Enterprise data centers consist of software applications and data storage systems that enable the enterprise to share data. Increasingly, data centers worldwide are becoming virtual data centers thanks to the advance of multi-cloud computing, which has made physical servers redundant. An enterprise’s data center can communicate with multiple sites, including cloud computing and on-premises systems.
Moreover, modern data centers are increasingly extending their operations from a physical infrastructure to a public or private cloud computing infrastructure to increase their storage and processing capabilities. In addition, they can run large workloads on virtual servers in off-shore environments.
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Factors Affecting
- A primary factor driving growth in the data center market is data center complexities due to scalability, which will increase market complexity.
- Data centers are likely to grow during the forecast period as enterprises in developing economies rely on high-end cloud computing.
- The market growth will result from a rise in investment in data center applications worldwide.
- Rising concern regarding data privacy and the demand for managed services could limit the market’s growth.
- During the forecast period, the penetration of the Internet of Things and hybrid & multi-cloud architecture will create lucrative opportunities for the global data center market.
Covid-19 Impact
Data Center market growth is significantly affected by the emergence of COVID-19 in 2020. A surge in demand is a key factor hampering the growth of the cloud computing market, despite cloud computing solutions being a critical concern. In addition, the data center market suffered from several obstacles, including the lack of access to a professional workforce due to a practical and complete lockdown. In addition, the data center market will grow owing to an increase in adoption in the healthcare, government, and financial services sectors following the pandemic.
Regional Impact
Data centers in the Asia Pacific are growing steadily, thanks to the continued investments from the cloud and hyper-scale service providers. The market for data centers development was dominated by China and Hong Kong, followed by India, Australia, Japan, and Singapore. In addition to these countries, Indonesia, Thailand, and Malaysia made significant contributions. The implementation of 5G has commenced in several countries, which will significantly affect the market as telecommunication providers and service providers partner to build edge data centers.
Companies Profile
Several leading players profile in the global data center market are:
- Microsoft
- Amazon.com Inc.
- IBM Corporation
- Digital Realty
- Equinix Inc.
- Oracle
- Alphabet Inc.
- Hewlett Packard Enterprise
- NTT Communication Corporation
- SAP SE
- Others
Market Segmentation
The global data center market segmentation consists of Enterprise Size, Component, End-User, Type, and Region.
Segmentation based on Enterprise Size
- Small Enterprise
- Medium Enterprise
- Large Enterprise
Segmentation based on Component
- Service
- Solution
Segmentation based on End-User
- BFSI
- IT & Telecom
- Government
- Energy & Utilities
- Others
Segmentation based on Type
- Colocation
- Hyperscale
- Edge
- Others
Segmentation based on Region
- North America
- The U.S.
- Canada
- Mexico
- Europe
- Western Europe
- The UK
- Germany
- France
- Italy
- Spain
- Rest of Western Europe
- Eastern Europe
- Poland
- Russia
- Rest of Eastern Europe
- Asia Pacific
- China
- India
- Japan
- Australia & New Zealand
- ASEAN
- Rest of Asia Pacific
- Middle East & Africa (MEA)
- UAE
- Saudi Arabia
- South Africa
- Rest of MEA
- South America
- Brazil
- Argentina
- Rest of South America
Table of Content
Chapter 1: Global Data Center Industry Overview
Chapter 3: Market Dynamics
Chapter 4: Top Company Profiles
Chapter 5: Global Data Center market Competition, by Players
Chapter 6: Global Market Size by Regions
Chapter 7: Global Market Segment by Application
Chapter 8: Global Data Center Industry Segment by Type
Chapter 9: Market Chain, Sourcing Strategy, and Downstream Buyers
Chapter 10: Strategies and key policies by Distributors/Suppliers/Traders
Chapter 11: Key Marketing Strategy Analysis, by Market Vendors
Chapter 12: Market Effect Factors Analysis
Chapter 13: Global Data Center market Size Forecast (2023-2032).
Continue….
Reasons to Buy This Report
(A) The research provides valuable insights for top administration, policymakers, professionals, product advancements, sales managers, and stakeholders in the market. It helps them make informed decisions and strategize effectively.
(B) The report offers comprehensive analysis of Data Center market revenues on a global, regional, and country level, projecting trends until 2032. This data allows companies to assess their market share, identify growth opportunities, and explore new markets.
(C) The research includes segmentation of the Data Center market based on types, applications, technologies, and end-uses. This segmentation enables leaders to plan their products and allocate resources based on the expected growth rates of each segment.
(D) Analysis of the Data Center market benefits investors by providing insights into market scope, position, key drivers, challenges, restraints, expansion opportunities, and potential threats. This information helps them make informed investment decisions.
(E) The report offers a detailed analysis of competitors, their key strategies, and market positioning. This knowledge allows businesses to better understand the competition and plan their own strategies accordingly.
(F) The study helps evaluate Data Center business predictions by region, key countries, and top companies, providing valuable information for investment planning and decision-making.
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