Data Center Market:
The GMI Research expects the data center market to expand at an increased rate. From a regional perspective, North America is predicted to grow at a higher CAGR due to an increasing number of data centers and the high adoption owing to the availability of enhanced, secure, and comprehensive solutions.
Data Center Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)
Key Drivers
The strong adoption of cloud-based services is an essential factor augmenting the growth of the global data center market size during the forecast period. Server systems and storage & network infrastructure are projected to contribute significantly to the generated revenue share. Furthermore, the rising inclination towards security, scalability, and reliability in the IT infrastructure is a key driver accelerating the growth of the data center market share in terms of revenue. Due to the rising data rates and the computing power of servers & switches, the technological ecosystem referring to interconnects has changed drastically. Data centers are rapidly deploying optical fiber-based low-cost interconnects that fulfill power, cost, and latency needs. The data centers are consistently advancing their optical communication and architecture and strive for high-performance, durable approaches to optimize the operations. The growing potential for edge computing is further bolstering the growth of the data center market. Edge computing is the emerging trend for technologies in the IT sector. The edge computing model depends on data processing as near as possible to where the data is collected rather than a central server, thereby boosting the speed and decreases the latency. On the other hand, the increasing maintenance and initial expenses paired with lack of overall control will restraint the growth of the market in the upcoming years.
Component Segment Drivers
On the basis of component, the security solutions is projected to increase at a higher CAGR during the forecast period. The data centers are required to comply with specific security needs, and the operators are needed to be more proactive concerning security. Data centers must offer environmental systems monitoring and physical access to the security systems, which includes motion sensors, biometric access, and CCTV system.
Data Center Market’s leading Manufacturers:
- Alphabet Inc.
- Amazon Inc.
- Cisco Systems Inc.
- Huawei
- IBM Corporation
- Oracle Corporation
- SAP SE
- Microsoft Corporation
- Equinix Inc.
- NTT Data Corp
Data Center Market Segmentation:
Segmentation by Type:
- Enterprise Data Center
- Managed Services Data Center
- Colocation Data Center
- Cloud Data Center
Segmentation by Component:
- Power Management System
- IT Infrastructure
- Mechanical & General Construction
- Security Solutions
Segmentation by End-User:
- Banking & Financial Services
- IT & Telecom
- Government
- HealthcarE
- Others
Segmentation by Region:
- North America
- United States of America
- Canada
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE
- Rest of the world (remaining countries of the LAMEA region)
About GMI Research
GMI Research is a market research and consulting company that provides syndicated research reports, consulting services, and customized market research reports. Our reports are based on market intelligence studies to ensure relevant and fact-based research across numerous sectors, including healthcare, automotive, information technology & communication, FMCG, and other industries. GMI Research’s deep understanding related to the business environment helps us in generating objective strategic insights. Our research teams consisting of seasoned analysts and researchers have hands-on experience in various regions, including Asia-pacific, Europe, North America, and the Rest of the World. The market research report offers in-depth analysis, which contains refined forecasts, a bird’s eye view of the competitive landscape, factors impacting the market growth, and several other market insights to aid companies in making strategic decisions. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to help our clients to stay ahead of the curve.
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