Data Center Market Overview:
The Data Center Market size is estimated to reach $418 billion by 2030, growing at a CAGR of 9.6% during the forecast period 2023-2030. The advantages of Data Centers include hyper-scalability, sustainability and automation for modern business processes. It is set to propel the demand for Data Centers during the forecast period. According to USITC, as of 2022, there are approximately 8000 physical data centres present across the globe.
The adoption of advanced technologies such
as Artificial Intelligence, Machine Learning, the Internet of Things (IoT), Cloud computing
and Edge computing create immense Data Center market opportunities. In
September 2020, Accenture invested $3 billion to launch "Cloud First." It is
estimated to accelerate the adoption of cloud computing further. This
represents the Data Center Industry Outlook.
Market Snapshot:
Data Center Market - Report Coverage:
The “Data Center Market Report - Forecast (2023-2030)” by IndustryARC, covers an in-depth analysis of the following segments in the Data Center Market.
Attribute |
Segment |
By Infrastructure |
• IT Infrastructure • Electrical Infrastructure • Mechanical Infrastructure • Support Infrastructure • Others |
By
Data Center Type |
• Colocation |
By Data Center Rating |
• Tier 1 |
By Enterprise Size |
• Large Enterprises |
By End-use Industry |
• BFSI • IT & Telecommunication • Government • Healthcare • Retail • Manufacturing • Others |
By Geography |
• North America (the US, Canada and Mexico) • Europe (Germany, France, the UK, Italy, Spain, Russia
and the Rest of Europe), • Asia-Pacific (China, Japan, South Korea, India,
Australia & New Zealand and the Rest of Asia-Pacific), • South America (Brazil, Argentina, Chile, Colombia and
the Rest of South America) • The Rest of the World (the Middle East and Africa). |
COVID-19 / Ukraine Crisis - Impact Analysis:
With fewer people out in public during the pandemic,
the internet has seen a rise in global traffic. Many organizations have
encouraged working from home and limiting the number of staff and employees
on site. As a result, Data centres are essential for keeping business operations running
smoothly. There was a 30-35% increase in data centre capacity due to the trend of remote working and increased internet usage in 2021. This growing demand for data centre capacity
drives the market growth in the post-pandemic situation.
Due to Russia’s Ukraine invasion, many companies are
pulling out their operations from Russia. In March 2022, SAP SE announced the
suspension of sales of new products in Russia due to the Russia-Ukraine crisis.
In April, the company announced to shut down all Data Centers, as well as stop
support and maintenance of its on-premise products in Russia.
Key Takeaways:
The Dominance of the North American Region
IT Infrastructure is Holding Largest Market Share
Large Share of Hyper-Scale Data Centers
The Emergence of Green Data Centers is Poised to Drive Data Center Market Growth
Integration of Artificial Intelligence
Data Security Issues Hamper Market Growth
Data
Center Market: Market Share (%) by region, 2022
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Key Market Players:
Product/Service launches, approvals,
patents and events, acquisitions, partnerships and collaborations are key
strategies adopted by players in the Data Center Market. The top 10 companies
in this market include:
- IBM
Corporation (IBM Cloud®, IBM Watson)
- Amazon.com
Inc. (AWS Database Migration Service)
- Equinix
Inc. (IBX SmartView, Smart Hands)
- Hewlett
Packard Enterprise Company (HPE Alletra, HPE Primera)
- Cisco
System Inc (Nexus, HyperFlex Systems)
- Alphabet
Inc. (Google Data Center)
- Microsoft
Corporation (Data Center Visio)
- NTT
Communications Corporation (NTT TX1 Data Center)
- Oracle
Corporation (Oracle Cloud Region)
- SAP SE (SAP HANA Cloud)
Scope of Report:
Frequently Asked Questions:
Q1. What is the estimated growth rate of the Data
Center market during the forecast period?
The Data Center market is projected to grow at a 9.6% CAGR during
the forecast period 2023-2030.
Q2. What is the predicted
growth of Global Data Center Market size from 2022 to 2030?
The global Data Center Market size is estimated at $220 billion
in 2022 and is projected to reach $418 billion by 2030.
Q3. What are
the key players in Data Center Market?
The major players in the Data Center market are IBM Corporation, Amazon.Com Inc., Equinix Inc.,
Hewlett Packard Enterprise Company and Cisco System Inc., are some of the leading key players in the Data Center market.
The proliferation of IoT-enabled devices, widespread adoption of artificial intelligence and emergence of sustainable green data centers are some of the major trends that would shape the future of the Data Center market.
Increased demand from the BFSI sector and a surge in penetration of high-end cloud computing in enterprises are driving the market forward.
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