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 increasing penetration of Edge computing, cloud computing and the Internet of Things along with an enormous growth in data generation is fueling the growth of the Data Center market. According to Data Center Map, there are approximately 229 colocation data centers from 41 areas in Germany.

Access the Full Report Here - Data Center Market – by Infrastructure (IT Infrastructure, Electrical Infrastructure, Mechanical Infrastructure, Support Infrastructure, Others), by Data Center Type (Colocation, Hyperscale, Edge, Cloud Data Center, Enterprise Data Center, Micro Data Center, Others), by Data Center Rating (Tier 1, Tier 2, Tier 3, Tier 4), by Enterprise Size (Larger Enterprises, Small & Medium Enterprises), by End-use Industry (BFSI, IT & Telecommunication, Government, Healthcare, Retail, Manufacturing, Others), By Geography - Global Opportunity Analysis & Industry Forecast, 2023-2030.

Asia-Pacific accounted for the Highest Growth Rate during the Forecast Period:

The Asia-Pacific region is analyzed to grow at the highest CAGR of 10.7% during the forecast period. Digital transformation across industry verticals is generating demand for Data Centers in the region, and significant investments by major players in Data Center infrastructure is driving the market growth further. Data Center Investments in the Asia-Pacific region grew by around 35% in 2021, compared to 2020, contributing to the Data Center market share.

Data Center Market Growth Drivers:

Significant Growth in Data Generation Necessitates Efficient Storage Solutions:

One of the major factors driving Data Center Market growth is the rapid increase in data generation. According to Cisco Systems, internet traffic in 2021 was approximately 7.7 exabytes per day. This massive volume of metadata generated by IoT devices is driving the increase in data generation. Other factors include the creation of video and images, the consumption of content for entertainment and productivity-driven data such as log files on computer systems and servers. These things eventually influence the growth of the Data Center Market.

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Digital Transformation and Integration of IoT:

The data center landscape is changing as a result of the digital transformation and shift to IoT. This is expanding the Data Center market trends. Processes and analytics are critical components in a company's digital transformation. In July 2021, the U.K. government announced several projects to boost competition in the digital sector. These projects promote the country's technological sector as well as consumer protection rights. The digitalization processes would include IoT deployment in operations, capacity building, business development, infrastructure and system utilization. This fuels the growth of the Data Center market.

Scope of the Report:

Report Metric

Details

Base Year Considered

2022

Forecast Period

2023–2030

CAGR

9.6%

Market Size

$418 billion

Segments Covered

Infrastructure, Data Center Type, Data Center Tier, Enterprise Size, End-use Industry and Region



Geographies Covered

North America (the U.S 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), Rest of the World (the Middle East and Africa).



Key Market Players

  1. IBM Corporation
  2. Amazon.Com, Inc.
  3. Equinix, Inc.
  4. Hewlett Packard Enterprise Company
  5. Cisco System, Inc.
  6. Alphabet, Inc.
  7. Microsoft Corporation
  8. NTT Communications Corporation
  9. Oracle Corporation
  10. SAP SE.

Recent Developments:

  1. In May 2022, Amazon Web Services (AWS) announced its intention to spend almost $12 billion on five new data centres in Morrow County near Portland, Oregon.
  2. In February 2020, Equinix, Inc. announced the launch of its data centre in Melbourne, Australia, to support the demand from the government’s smart city development plans and the interconnection requirements of local customers.

Data Center Market: Competitive Landscape

Key companies profiled in the Data Center Market are IBM Corporation, Amazon.Com Inc., Equinix Inc., Hewlett Packard Enterprise Company, Cisco System Inc, Alphabet Inc., Microsoft Corporation, NTT Communications Corporation, Oracle Corporation and SAP SE.

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