Global Data Center Market was valued at US$ 18 Bn in 2019 and is expected to reach US$ 39 Bn by 2026, at a CAGR of 10.15% during the forecast period.
The report includes an analysis of the impact of COVID-19 lockdown on the revenue of market leaders, followers, and disruptors. Since the lockdown was implemented differently in various regions and countries; the impact of the same is also seen differently by regions and segments. The report has covered the current short-term and long-term impact on the market, and it would help the decision-makers to prepare the outline and strategies for companies by region.
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Data center market is growing rapidly as users can access computing resources remotely and at their convenience without requirement of any supporting system hardware. Increasing demand for cloud-based storage as one of the primary factor which is boosting the growth of the data center market during forecast period, data center market will grow progressively by 2026. Cloud storage is being considered to a revolution in the storage market as it is an on-demand service provided by different firms like Facebook, Amazon.com, and Google.
Data Centers are also referred to as virtual or physical infrastructures which are being used by enterprises to store a large amount of acute data. Data centers are contributing to the storage, retrieval, and processing of this data. These data centers needs multiple back up supply units, cooling systems, networking connections, for running the association’s core applications. Data centers including a number of elements like power distribution units, uninterruptible power supplies, electrical switches, ventilation, and providing network connectivity. Modern data centers are using management and monitoring software which allows to manage of the equipment and monitor the facilities remotely to the IT administrators.
Digital Realty Trust, Inc. is one of the leading players in the data center market. It maintains a range of data centers solutions like data center cages, Electrical and Cooling systems, and suites. The Company focusing on building customized data centers, cages, and suites based on client requirements. While, IBM Corporation focusing on middleware services, storage services, data center outsourcing, and networking services. For data center infrastructures, Hitachi Ltd., Cisco System, Inc., Hewlett-Packard Inc. focusing on building optimized operation.
The increase in demand for data storage management and cloud technology are factors driving the growth of the global data center market. But, the high initial cost of investment will be limiting the growth of the market during the forecast period. Gaining popularity of the community cloud technology is projected to create beneficial opportunities for the data center market.
Server workloads will continue to grow with each passing year, which is being adversely effective on IT operations. It is expected that there is an increase of 30% data growth rate per year, and in many organizations, it is resulted to double their on-premises storage in a duration of three years. Rising digitization globally is projected to contribute value to various end-user industries, like BFSI, IT services, which is increasing the need for data centers worldwide. Numerous governmental bodies have been recognized to facilitate Industry 4.0 by deploying IoT and cloud services, which is expected to drive the data center market during the forecast period.
North American is holding the largest share of the global market followed by Europe, and Asia Pacific regions. U.S. and Canada are dominating the North American market because of rising technological developments and the increasing popularity of community clouds in the region. The region also has a well-established infrastructure, which allows faster implementation of advanced technologies. Also, increasing investment in data centers in the U.S. is another major factor driving the growth of the data center market in the region.
The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data, and projections with a suitable set of assumptions and methodology. The report also helps in understanding Global Data Center market dynamics, structure by identifying and analyzing the market segments and project the global market size.
Further, the report also focuses on competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence. The report also provides PEST analysis, PORTER’s analysis, SWOT analysis to address questions of shareholders to prioritizing the efforts and investment in the near future to emerging segment in the Global Data Center market.
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Scope of the Global Data Center Market: Inquire before buying
Global Data Center Market by Type:
• Corporate data centers
• Web hosting data centers
Global Data Center Market by Service:
• Data center system integration service
• Data center maintenance and support service
• Data center consulting service
Global Data Center Market by Solution:
• Data center IT infrastructure
• Data center electrical solutions
• Data center mechanical solutions
Global Data Center Market by Vertical:
• Banking & Financial Services
• Telecom & IT
• Government
• Healthcare
• Other
Global Data Center Market by Geography:
• North America
• Asia-Pacific
• Europe
• Latin America
• Middle East & Africa
Key Players Operated in Global Data Center Market
• Digital Realty Trust, Inc.
• IBM Corporation
• Hitachi Ltd
• Cisco System, Inc.
• Hewlett-Packard Inc.
• EMC Corporation
• CyrusOne
• Global Switch
• DuPont Fabros Technology
• Telehouse
• Dell
• Fujitsu
• Intel Corporation
• Juniper Networks, Inc.
• Verizon
• Apple Inc.
• Google Inc.
• Equinix Inc.
• NTT Communications Corporations
• AT&T Inc
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