Press release
Global Data Center Market Anticipated To Reach USD 326.23 Billion by 2028| Price Trends, Production, Forecast Report
Global Data Center Market size was valued at USD 234.96 Billion in 2021 and is projected to reach USD 326.23 Billion by 2028, growing at a CAGR of 4.8% from 2022 to 2028. The Analysis Period 2023-2030.
A data center is a physical facility that organizations use to manage their critical applications and data. It consists of a network of computing and storage resources that enable the storage and delivery of shared applications and data. The design of modern data centers has undergone significant changes compared to a short time ago, particularly in terms of infrastructure. These components work together to facilitate various organizational data operations, such as email and file sharing, customer relationship management (CRM), enterprise resource planning (ERP), databases, big data analytics, artificial intelligence, machine learning, and more. The data center market is expected to witness significant growth during the forecast period.
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Key Players for the Global Data Center Market:
• Coresite (USA)
• QTS Realty Trust, Inc (USA)
• China Telecom (China)
• Interxion Holding N.v. (Netherlands)
• NTT Communications (Japan)
• IBM Corporation (USA)
• Amazon Web Services (USA)
• CyrusOne Inc (USA)
• Equinix (USA)
• Digital Realty (USA)
• Cyxtera Technologies (USA)
• Iron Mountain Inc (USA)
• KAO Data Campus (UK) and Other Major Players
Market Dynamics:
Driver:
The data center market is experiencing significant growth due to the increasing number of companies adopting cloud services to harness emerging technologies like big data and 5G. As organizations seek to leverage the power of these technologies to gain insights, improve operational efficiency, and enhance customer experiences, the demand for robust data centers is surging. Cloud services provide the scalability, flexibility, and cost-efficiency required to handle the massive amounts of data generated by big data analytics and the high-speed connectivity demands of 5G networks
Opportunities:
The increasing demand for modern data centers is being driven by the growing need to improve their performance and enhance the overall reliability of data centers. As organizations rely more heavily on data-driven processes and applications, the performance of data centers becomes crucial to their success. Modern data centers are equipped with advanced technologies, such as high-performance servers, efficient cooling systems, and intelligent management software, to ensure faster processing speeds, higher data storage capacity, and improved energy efficiency. Increasing Demand for Modern Data Centers creates an opportunity for the Data Centre market.
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Moreover, the report includes significant chapters such as Patent Analysis, Regulatory Framework, Technology Roadmap, BCG Matrix, Heat Map Analysis, Price Trend Analysis, and Investment Analysis which help to understand the market direction and movement in the current and upcoming years.
Market Segmentation
By Type
• Enterprise
• Managed services
• Cloud-based
• Others
By Service Provided
• Data Processing
• Data Storage
• Networking
• Data Management and Distribution
By Uptime
• Tier I
• Tier II
• Tier III
• Tier IV
By End User
• BFSI
• IT & Telecom
• Healthcare
• Energy
• Others
Regional Analysis Of Data Center Market:
North America covers a majority of share in Global Data Center Market revenue. Last year, North America region dominated the market with over 40% of market share. This is by and large attributed to number of several cloud service providers operating in the region. Moreover, rising e-commerce sales in the United States and Canada are responsible for regional market expansion. U.S. serves as a home for many giant IT firms, such as Google, Facebook, Uber, Twitter, etc. and hence has a highly advanced, extensive, and efficient technological infrastructure which leads to high demand for modern next-generation data centers that are more technologically advanced and efficient in managing large amount of data.
By Region
• North America (US, Canada, Mexico)
• Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
• Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
• Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
• Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)
• South America (Brazil, Argentina, Rest of SA)
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Key Industry Developments in the Global Data Center Market
In December 2022, Equinix, Inc., the world's leading digital infrastructure company, announced its plans to enter the South African market with an investment of US$160 million data center investment in JOHANNESBURG. Equinix is entering one of the largest and most digitally developed nations on the African continent. Earlier this year Equinix also had the acquisition of MainOne, the leading West African data center and connectivity solutions provider.
In March 2022, QTS Realty Trust, a giant hybrid colocation and mega-scale data center solutions provider announced its plan of expanding its connectivity ecosystem by providing more robust alternatives to traditional metro interconnect facilities. As part of this expansion, Amazon Web Services (AWS) has deployed components of its network infrastructure that support interconnect for a wide variety of AWS services in QTS' mega data centers.
Report includes Competitor's Landscape:
• Major trends and growth projections by region and country
• Key winning strategies followed by the competitors
• Who are the key competitors in this industry?
• What shall be the potential of this industry over the forecast tenure?
• What are the factors propelling the demand for the Action Figures and Statues?
• What are the opportunities that shall aid in significant proliferation of the market growth?
• What are the regional and country wise regulations that shall either hamper or boost the demand for Action Figures and Statues?
• How has the covid-19 impacted the growth of the market?
• Has the supply chain disruption caused changes in the entire value chain?
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Introspective Market Research (introspectivemarketresearch.com) is a visionary research consulting firm dedicated to assist our clients grow and have a successful impact on the market. Our team at IMR is ready to assist our clients flourish their business by offering strategies to gain success and monopoly in their respective fields. We are a global market research company, specialized in using big data and advanced analytics to show the bigger picture of the market trends. We help our clients to think differently and build better tomorrow for all of us. We are a technology-driven research company, we analyze extremely large sets of data to discover deeper insights and provide conclusive consulting. We not only provide intelligence solutions, but we help our clients in how they can achieve their goals.
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