Growth opportunities in the Data Center Market look promising over the next six years. This is mainly due to the increasing potential of edge computing and the growing need of reliability and expandability in IT infrastructure.
Data Center Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)
Key Drivers
One of the prime factors responsible for the growth of the global data center market includes the augmenting acquisition of cloud services throughout the nation. The server systems and storage & network infrastructure are anticipated to generate a substantial share of income. Also, the surging need for safety, scalability, and dependability in the IT infrastructure is strengthening the market size. The technological environment referred to as interconnect expanded remarkably with the increase in data rates and computing power of switches & servers. These centers are increasingly employing optical fiber-based economical interconnects to meet power, cost, and latency requirements. Moreover, these centers are continuously expanding their optical communication and architecture along with the attempts for a high-performance, stable outlook to maximize their actions. Edge computing accounts for trending technologies in the IT industry and relies on data processing closer to the data collection source (defined as the edge of a network) instead of a central server. This considerably boosts the speed and decreases the intermission, thereby stimulating the market growth. However, excessive mantainence and initial costs coupled with insufficient overall control will hinder the market share.
Component Segment Drivers
Based on the component, security solutions are projected to witness a faster CAGR over the forecast period. These data centers are required to fulfill the specific security requirements and more proactive operators concerning safety. Also, they must offer environmental systems supervision and physical access to the surveillance systems, including biometric access, motion sensor, and CCTV system.
Regional Drivers
Based on the regional coverage, North America is predicted to dominate the market over the forecast period. This is primarily attributed to the prevalence of a prominent number of data centers with their fast acceptance led by the availability of safe, advanced, and inclusive solutions. On the other hand, Asia-Pacific is expected to expand at a faster CAGR during the forecast period. This is due to the growing number of data traffic, especially in China, India, and Australia. Additionally, macro-economic factors, such as accelerating population, rapid globalization, economic promotion, will propel the market growth.
Data Center Market’s leading Manufacturers:
- NTT Data Corp.
- Microsoft Corporation
- Oracle Corporation
- Cisco Systems Inc
- Alphabet Inc.
- Equinix Inc.
- SAP SE
- IBM Corporation
- Amazon Inc.
- Huawei
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)
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