Data Center Market  size reached USD 290.5 billion in 2021 and is estimated to reach USD 432.5 billion in 2029 and the market is estimated to grow at a CAGR of 5.1% from 2022-2029

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Market Dynamic

Key Drivers and Emerging Trends

The factors driving the global data center market include the adoption of cloud-based services across the world. A significant share of revenue is projected to be generated by the server systems and storage & network infrastructure. Moreover, the rising need for scalability, security, and reliability in the IT infrastructure is fuelling the data center market’s growth to a prominent extent. As the data rates and the computing power of servers & switches increase, the technological ecosystem referring to interconnects has evolved significantly. Data centers are increasingly deploying optical fiber-based low-cost interconnects that meet cost, power, and latency needs. The data centers are continually advancing their optical communication and architecture and strive for high-performance, durable approaches to optimize the operations. Increasing potential for edge computing is opportunistic for data center market growth. Edge computing is one of the trending technologies in the IT industry. The edge computing model relies on data processing as close as possible to where the data is collected (defined as the edge of a network) instead of a central server; this dramatically increases the speed and reduces the latency.

Restraint in the Data Center Market

Factors including high maintenance and initial costs paired with lack of overall control are projected to hamper the global data center market growth over the forecast period.

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Type- Segment Analysis

Based on the type, the collocation data center is projected to witness a lucrative growth rate in the global data center market. Datacenter colocation provides data center space & infrastructure that includes network bandwidth, power, physical security, and cooling components to the end-users on lease. Datacenter colocation helps in reducing the overall cost of IT enterprises. This is attributable to the growth of the data center colocation segment. There is a rising need for reducing IT expenditure that is majorly spent on commissioning a mission-critical data center facility. Datacenter colocation services offer the needed cost-effectiveness and scalability to manage daily data requirements.

Component – Segment Analysis

Based on the component, the security solutions segment is expected to grow at the highest CAGR over the forecast period in the global data center market. The data centers are necessitated to comply with specific security requirements, and the operators are required to be more proactive concerning security. Data centers must also provide environmental systems monitoring and physical access to the security systems, including biometric access, motion sensor, and CCTV system.

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Regional – Segment Analysis:

Based on the region, the North America region is expected to hold the largest market share over the forecast period in the global data center market. The region holds a significant market share due to a prominent number of data centers and a rapid adoption due to the availability of secure, advanced, and comprehensive solutions. Further, the Asia-Pacific region is projected to witness a lucrative growth rate over the forecast period because of rising volumes of data center traffic in China, India, and Australia. Also, macro-economic factors, including increasing population, growth in globalization, economic advancements, are projected to strengthen the demand for data centers in the market.

Top Market Players

Various notable players operating in the market, include, Alphabet Inc., Amazon Inc., Cisco Systems Inc., Huawei, IBM Corporation, Oracle Corporation, SAP SE, Microsoft Corporation, Equinix Inc., and NTT Data Corp,  among others. 

Key Developments:

• • In 2020, Amazon planned to make an investment of over US $1.6 Bn in the Indian data centers. The company planned for two data centers in Hyderabad.

Segments covered in the Report

The global data center market has been segmented on the basis of type, component, end user, and key regions. Based on type, the market is segmented into enterprise data center, managed services data center, colocation data center, and cloud data center. Based on Component, the market is segmented into power management system, it infrastructure, mechanical & general construction, and security solutions. By end user, the market is bifurcated into banking & financial services, IT & telecom, government, healthcare, and others. 

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Key questions answered in this research report:

• • At what pace is global security printing market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in Data Center Market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the Global Data Center Market?
  • Which Type generated maximum revenues in 2021 and identify the most promising Security during the forecast period?
  • What are the various Component areas of Global Data Center Market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Market Segmentation

Global Data Center Market by Type

• • Enterprise Data Center
  • Managed Services Data Center
  • Colocation Data Center
  • Cloud Data Center

Global Data Center Market by Component

• • Power Management System
  • IT Infrastructure
  • Mechanical & General Construction
  • Security Solutions

Global Data Center Market by End User

• • Banking & Financial Services
  • IT & Telecom
  • Government
  • Healthcare
  • Others

Global Data Center Market by Region

• • North America Data Center Market (Option 1: As a part of the free 25% customization)
    • By Type
    • By Component
    • By End User
    • US Market All Up
    • Canada Market All Up
  • Europe Data Center Market (Option 2: As a part of the free 25% customization)
    • By Type
    • By Component
    • By End User
    • UK Market All Up
    • Germany Market All Up
    • France Market All Up
    • Spain Market All Up
    • Rest of Europe Market All Up
  • Asia-Pacific Data Centers Market (Option 3: As a part of the free 25% customization)
    • By Type
    • By Component
    • By End User
    • China Market All Up
    • India Market All Up
    • Japan Market All Up
    • Rest of APAC Market All Up
  • RoW Data Centers Market (Option 4: As a part of the free 25% customization)
    • By Type
    • By Component
    • By End User
    • Brazil Market All Up
    • South Africa Market All Up
    • Saudi Arabia Market All Up
    • UAE Market All Up
    • Rest of world (remaining countries of the LAMEA region) Market All Up

Major Players Operating in the Data Center Market (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Alphabet Inc.
  • Amazon Inc.
  • Cisco Systems Inc.
  • Huawei
  • IBM Corporation
  • Oracle Corporation
  • SAP SE
  • Microsoft Corporation
  • Equinix Inc.
  • NTT Data Corp