Data Center Market Research Report Size, Growth & Global Forecast – 2022-2029
The Data Center Market is estimated to reach USD 432.5 billion in 2029, growing at a CAGR of 5.1% over the forecast period (2022-2029).
The factors driving growth of the Data
Center Market includes growing influence of social media platforms around the
world, transition from traditional on-premises physical servers to virtual
network-based data centers, increasing investments by companies to set-up
modern data centers around the world and improvements in the living standards. Moreover,
growing adoption of advanced technologies such as Artificial Intelligence (AI),
Internet of Things (IoT) and Machine Learning (ML), increased deployment of optical
fiber-based low-cost interconnects by data centers to meet power and latency
needs, rise in the launch of innovative products and rapid urbanization, are
some of the additional factors supplementing the Global Data Center Market.
In addition, the increasing investments by leading companies on research and
development, rising disposable incomes, strategic collaborations between
companies, commercialization of 5G technology and growing population growth
rates, are further propelling the Data
Center Market size.
However, growth of the Data Center Market
is hindered attributed to rising concerns related to data privacy.
The leading players operating in the market
are Oracle Corporation, SAP SE, Microsoft Corporation, Alphabet
Inc., Amazon Inc., Cisco Systems Inc., Equinix Inc., Huawei, IBM
Corporation and NTT Data Corp, among others.
Based on Type, the Colocation Data Center segment is predicted to grow at
a remarkable CAGR during the forecast period
Colocation data center minimizes IT
infrastructure costs, helps in managing daily operations and is cost-effective,
are propelling Data Center Market share.
Based on Component Solutions, the Security Solutions segment is projected
to dominate the market over the forecast period
Data centers helps in meeting compliances
and offers environmental monitoring and biometric access, are pushing growth of
the segment.
Based on Region, the North American region, is anticipated to capture the
largest market share during the forecast period
Presence of the leading players such as
Alphabet Inc., Amazon Inc., and Cisco Systems Inc., increasing number of data
centers across United States and Canada, rapid industrialization, rising
population growth rates and high per capita incomes, are some of the important
factors augmenting the Data Center Market Growth in the North American
region.
Key Development
·
In 2020, Amazon decided to
invest around USD 1.6 billion in the Indian data centers. The company planned
to open two data centers in Hyderabad
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
·
Asia Pacific
o
China
o
Japan
o
India
o
Rest of APAC
·
North America
o
United States of America
o
Canada
·
Europe
o
United Kingdom
o
Germany
o
France
o
Spain
o
Rest of Europe
·
RoW
o
Brazil
o
South Africa
o
Saudi Arabia
o
UAE
GMI
Research is a market research and consulting firm which provides market
insights and intelligence across 12 major sectors helping our clients in making
effective investment and business decisions.
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