Global Data Center Market Size, Share, Growth Analysis, By Component(Solution, Services), By Enterprise Size(Large enterprises, small), By Type(Hyperscale, edge), By End User(IT & Telecom, Energy & Utilities) - Industry Forecast 2023-2030

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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 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: 'IBM Corporation', 'HPE', 'Cisco System, Inc.', 'Hitachi Ltd', 'NTT Communications', 'ABB', 'Dell Technologies', 'Schneider Electric', 'Comarch SA', 'Huawei Technologies Co., Ltd.'

Demand for data continues to grow exponentially. By the end of 2022, the global data economy will be worth $2.7 trillion, which is more than double what it was in 2016.

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.