Data Center Market 2022 Size, Growth Analysis Report, Forecast to 2032

 The global data center market was expected to register an impressive growth rate of 7.5% across the forecast period from 2022 to 2032. The market garnered a valuation of US$ 101.79 Billion in 2022 and is expected to accumulate a market value of US$ 209.8 Billion by 2032.

According to the historic period ranging from 2017 to 2021, the global data center market registered a healthy CAGR of 5.5%. Owing to the rising adoption of small and mid-scale data centers has fueled the growth across several sectors. The growth of the data center market is attributed to the exponential rise in data consumption and data generation by various organizations all over the world.

Countries all over the world reported massive data demand during the pandemic which elevated the importance of digital technology and data centers. Attributing to these factors, the data center demand is anticipated to increase with a 7.5% CAGR throughout the 2022-2032 assessment period.

Request a Report Sample @ 
https://www.futuremarketinsights.com/reports/sample/rep-gb-12922

Key Takeaways

  • Amidst the Covid 19 pandemic, the growth of the data center market accelerated at a robust pace since the pandemic pushed organizations towards digital transformations, owing to the rise in remote working calls and the need for rapid mobilization of cloud computing in order to cope with a rise in demand for data.
  • Data center colocation offers a high-performance environment for IT infrastructure. Customers can efficiently focus on their core business by collocating their data servers instead of tiring themselves by managing a data center. In addition to that, data center colocation also provides the benefits of 100% uptime SLA.
  • Data center colocation providers offer building (space), cooling, power units, bandwidth, and physical security for customers to install their own servers and storage. In addition to that, colocation also offers dedicated, private connection options to hundreds of networks and IT service providers to help streamline the architecture. Companies are able to scale their environment according to their customized needs by selecting a collocated, multi-tenant data center
  • The Internet has massively influenced individual consumers and large economies alike. It has become an increasingly crucial part of our everyday life. Emerging economies like India and China are exhibiting high demand for social media, television, video streaming, e-Commerce, and net banking, all of which require robust IT infrastructure and data networks.
  • Over the past couple of years, technological advancements have accelerated the pace of processing data and enabled vast amounts of data storage. The emergence of 5G IoT technology has totally transformed the design and deployment of data centers in the last two decades. It is estimated that IoT will include 35 billion units installed by 2022.
  • Large quantities of data are generated due to the deployment of IoT that needs to be processed and analyzed in real-time. As more data gets generated, a corresponding growth will be witnessed in demand for storage space.

Competitive Landscape

Key market players in the data center market are focusing on multiple expansion strategies in order to deepen their penetration all over the lucrative markets. These strategies comprise product launches, collaborations with key players, partnerships, acquisitions, and the strengthening of regional and global distribution networks.

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

Get More Information on this Report @
https://www.futuremarketinsights.com/reports/data-center-market

More Insights into the Cocoa Butter Market

The U.S. reported a year-on-year growth until 2020 of over 2.7% in order to reach a valuation of US$ 32.15 Billion. The U.S. is known as the dominant market owing to the increased data shipment due to the rising popularity of moving localized data center activity to colocation or cloud facilities. In addition to that, the market is likely to experience a rise in edge data center computing to deliver services with low latency and high efficiency across the country.

The U.K. is considered a lucrative market for colocation services as it comprises 250 operational colocation data centers. The rising demand for data center services from business and consumer end users is driving investment in the UK data center market. The U.K. data center market is estimated to reach a valuation of 7,379.0 Million by the end of 2032 by registering a CAGR of 10%.

Key Segments Profiled In The Data Center Market Industry Survey

Data Center by Component:

  • Data Center by Hardware
  • Data Center Software
  • Data Center Service

Data Center by Size:

  • Small Data Center
  • Mid-Sized Data Center
  • Large Data Center

Data Center Market by Industry:

  • Data Center for IT & Telecom
  • Data Center for BFSI
  • Data Center for Manufacturing
  • Data Center for Healthcare
  • Data Center for Media & Entertainment
  • Data Center for Others

Data Center by Region:

  • North America Data Center Market
  • Latin America Data Center Market
  • Europe Data Center Market
  • East Asia Data Center Market
  • South Asia & Pacific Data Center Market
  • Middle East & Africa Data Center Market

Comments

Post a Comment

Popular posts from this blog

OTT Content Market Research Report 2022 to Global Forecast till 2032

 The global  OTT content market  is anticipated to reach a valuation of US$ 434.98 Bn by 2032, with the market expanding at a prolific CAGR of 17.4% from 2022 to 2032. Predicted to reach an estimated US$ 87.46 Bn in 2022, the target market is likely fueled by a notable surge in market penetration as well as escalating demand for subscription-based services in emerging economies. The heightened popularity of live streaming channels will further aid the growth of the OTT content market during the forecast period. The deep market penetration of 4G and rising 5G infrastructure development across the globe aids the market growth of OTT content. An upsurge in high-speed bandwidth- which is an important criteria for proper functioning OTT services- propels the target market growth. The widespread usage pf high speed internet and smartphones, at competitive prices, amplifies the demand for the OTT content market. The gradual preference for SVOD over conventional TV services will supplement thi
Read more

Digital Transformation in Healthcare Market Trends | Segmentation, Outlook, Industry Report to 2033

 The global  digital transformation in healthcare market  is valued at approximately USD 65.2 billion in 2023. It is anticipated to grow to about USD 253.6 billion by 2033, with a consistent annual growth rate of 14.5% from 2023 to 2033. As digital health platforms like telehealth, mobile health, and wireless technologies become more common in medical facilities and nursing homes, they are providing patients with immediate access to medical care. This has made digital health a widely recognized term in healthcare. The impact of digital technology on various sectors such as public, retail, banking, financial services, and insurance (BFSI), and production is tremendous, but it has evolved into a game-changing technology in the medical field as end users’ reliance on digital health platforms grows. Request for a Sample of this Research Report: https://www.futuremarketinsights.com/reports/sample/rep-gb-708 The emergence of healthcare smartphone applications and incentive proposals by gover
Read more

Flame Arrestor Market 2023 Outlook, Current and Future Industry Landscape Analysis 2030

  The Flame Arrestor market is witnessing robust demand due to increased industrial safety regulations. Growing awareness of explosion prevention measures in various sectors, including oil and gas, chemicals, and manufacturing, is driving the adoption of flame arrestors. The market is poised for expansion as companies prioritize safety solutions to mitigate the risk of fire and explosions. Flame Arrestor Market size was valued at USD 923.8 million in 2022 and is expected to grow to USD 1540.4 million by 2030 and grow at a CAGR of 6.6% over the forecast period of 2023-2030. In today's fast-paced corporate world, where agility and intelligence define success, having a sophisticated understanding of market dynamics is critical. In this environment, our thoroughly prepared Flame Arrestor market research study shines as a beacon of unrivaled wisdom, guiding businesses to strategic brilliance. Our study, crafted with accuracy and predicated on thorough data analysis, doesn't just ski
Read more