USD 220 billion
Report ID: SQSG45B2008 | Region: Global | Published Date: December, 2022 | Pages: 157 | Tables: 119 | Figures: 67
Data Center Market is valued at USD 220 billion in 2021 and is projected to attain a market size of USD 311.63 billion by 2028 at a CAGR of 5.10% during the forecast period (2022-2028).
The data center market is the backbone of the IT and OTT industry. The demand for data center services has been growing rapidly as the industry expands. They are primarily needed to store, process, and distribute data. They are also needed to provide connectivity and security for networks. The growth in demand for data centers is driven by the following factors: Increasing internet usage, growing popularity of streaming services, and increase in cloud computing.
The number of internet users across the global data center market has been increasing steadily over the past few years. This is due to the increasing use of mobile devices and the availability of high-speed broadband connections. As more people use the internet, there is a need for more data storage and processing power. This increases the growth for data center services.
Streaming services such as Netflix, Hulu, and Amazon Prime Video have become very popular in recent years. These services require a lot of bandwidth and storage capacity. This increases the demand for data center services. From the last few years, the global data center market has been experiencing a significant boost the in demand for cloud computing. It allows businesses to scale their operations quickly and efficiently without having to invest in their own infrastructure. This increase in cloud computing is driving up demand for data center services.
US Data Center Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 220 billion
IT & Telecom
IT & Telecom
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For better understanding, we have segmented the global data center market by component, type, enterprise size, and end users. Wherein, the component segment is bifurcated into solution and services. By type, the market is segmented into hyperscale, edge, colocation, and others. Moving ahead, we have also sub-segmented enterprise size into large enterprises and small and medium enterprises (SMEs). By end users, the global data center market is further classified into IT & Telecom, Energy & Utilities, BFSI, Government, and Others. By region, the market is categorized into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa
Analysis by Size
Small data centers are dominating the global data center market for a variety of reasons. First, they are nimbler and can respond faster to changes in technology and user needs. Second, they are more energy efficient, which is a major cost savings for companies. Third, they often have better security because they can be located in remote locations that are less likely to be targeted by hackers. Finally, small data centers typically use less water and generate less environmental waste than large data centers.
According to a report by SkyQuest Technology, small data centers are dominating the global data center market. The report found that small data centers (defined as those with less than 5,000 square feet of space) now account for 58% of all data center construction starts worldwide.
This is a trend that is being driven by a number of factors, including the rise of edge computing and the need for greater agility and flexibility in data center operations. Smaller data centers are easier to deploy and manage than large enterprise-grade facilities, and they can be located closer to end users, which reduces latency.
The growth of small data center market is also being fueled by the increasing popularity of hyperconverged infrastructure (HCI), which enables businesses to consolidate their server, storage and networking resources into a single system. HCI eliminates the need for expensive SANs or NAS systems, making it ideal for small data centers with limited budgets.
Analysis by End User
By end user, the global data center market is dominated by IT& telecom industry. There is a high demand for data centers market among IT and telecom companies. A data center is a facility used to house computer systems and associated components, such as telecommunications and storage systems. The main purpose of a data center is to store, process, and distribute large amounts of data.
Data centers come in a variety of sizes, from small facilities that can fit inside a single room to large complexes that occupy several acres. The size of a data center depends on the needs of the company that it will be serving. For example, smaller businesses may only need a few racks of servers, while larger businesses may require hundreds or even thousands of servers.
The location of a data center also varies depending on the company's needs. Some organizations prefer to keep their data centers close to their headquarters so that they can easily access its resources. Others choose to locate their data centers in remote areas so that they can take advantage of lower energy costs, which in turn, give impetus to the growth of data center market. As company use different strategies to improve market revenue and market share.
Data centers are critical components of any IT or telecom infrastructure. Without them, companies would not be able to store or process the large amounts of data required for their operations. As more and more businesses rely on digital information, the demand for data centers is expected to continue growing.
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North America is dominating the global data center market. There are many reasons why North America is the leading consumer of data center services. The region has the highest concentration of data-intensive industries, including finance, media, healthcare, and technology. Furthermore, North American businesses have been early adopters of cloud computing and other cutting-edge technologies that require large amounts of data storage and processing power.
The growth of North America's data center market has also been fueled by the region's demand for high-bandwidth applications and services, such as streaming video and online gaming. With more users accessing these types of services from mobile devices, there is an even greater need for data centers that can handle large volumes of traffic.
Another factor that has contributed to North America's dominance in the data center market is the region's favorable regulatory environment. In particular, the United States has laws and regulations in place that encourage companies to invest in data centers. For example, the Foreign Investment in Real Property Tax Act provides tax incentives for companies that build or expand their data centers in the United States.
Looking forward, it is expected that North America will continue to be the leading consumer of data center services due to the continued growth of cloud computing and other technological innovations.
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In a world where data is king, businesses are desperate to get their hands on as much of it as possible. That’s why the data center market is becoming more important by the day. Here are five reasons why:
A number of restraints are hindering the growth of the data center market.
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The data center market is one of the most competitive in the world. A number of companies have entered the market in recent years, and many more are expected to enter in the future. This article will provide a competitive analysis of the data center industry. Following are five key factors that will determine which company succeeds in this market:
Cost efficiency: The key to success for any company in this sector is reducing costs as much as possible. This can be done by looking for ways to reduce energy consumption, building efficiency into systems, or by outsourcing certain tasks to lower cost providers.
Innovation: In order to stay ahead of the competition, companies must continue to develop new technologies and find new ways to increase efficiency. This can include developments such as virtualization and cloud computing, which allow for greater flexibility and cost savings.
Customer service: Companies in the global data center market that can provide customer service that meets customer needs will be more successful than those that do not. This includes ensuring systems are up and running quickly, providing support when needed, and responding to customer complaints in a timely manner.
Scalability: The data center market is highly scalable and can be expanded quickly to meet customer needs. This means companies must be able to grow rapidly and adapt to changing conditions.
Networking: In order to provide services to customers, companies must have strong networking capabilities. This includes ensuring systems are connected securely, delivering consistent performance, and managing traffic congestion.
Top Player’s Profiles
1. Data center efficiency is critical
2. The demand for data center resources continues to grow
3. Cloud and big data are driving the need for data center infrastructure
4. Data center Virtualization is becoming more popular
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.
The data center industry is highly competitive, with a number of large players vying for market share. However, there are also a number of smaller niche players that specialize in specific areas or technologies. This fragmentation can make it difficult to get a clear picture of the overall data center market.
The report looks at the data center market from a global perspective and finds that the Asia-Pacific (APAC) region will experience the highest growth rate during the forecast period. This rapid growth is being driven by a number of factors, including the continued expansion of cloud computing and big data applications, the need for faster and more reliable connectivity, and the growing demand for edge computing. In addition, government initiatives around the world are mandating the use of data centers for critical infrastructure applications such as national security and disaster management.
The data center market is growing at a rapid pace and is expected to continue to grow in the coming years. There are a number of factors driving this growth, including the increasing demand for data storage and processing power, the need for better security and uptime, and the proliferation of cloud computing.
There are a number of trends that are impacting the data center industry, including the rise of artificial intelligence (AI) and machine learning, the increasing use of containers and microservices, and the move towards edge computing. These trends are all likely to have a significant impact on the way data centers are designed and operated in the future.
|Market size value in 2021||USD 220 billion|
|Market size value in 2028||USD 311.63 billion|
|Forecast Unit (Value)||USD Billion|
|Regions covered||North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)|
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Parent Market Analysis
KEY MARKET INSIGHTS
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Global Data Center Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Data Center Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Data Center Market:
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Product ID: SQSG45B2008