Data Center Market Highlights:
Data Centers refers to virtual or physical foundations that are utilized by organizations to store large amount of mission-critical information and data. The data centers aid in stockpiling, recovery, and processing this critical data. These data centers hold the requirement of numerous back up supply units, cooling frameworks for running the organization’s center applications, and networking connections.
The Data Center Market comprise various components like power distribution units, ventilation, electrical switches, uninterruptible power supplies, and provisions related to network connectivity. Present day data centers utilize the management and monitoring programming that enables IT admins to oversee the functioning of the equipment and monitor the facilities remotely.
The global center market is projected to witness rapid growth during the forecast period due to factors like increasing popularity and demand for data storage management and cloud technology. The market is slated to reach USD 10 billion by the end of the forecast period. The global market is predicted by Market Research Future (MRFR) to attain a CAGR of 11% during the period of 2017 to 2023.
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Some of the leading players identified in the global data center market are Cisco System, Inc. (U.S), IBM Corporation (U.S), Digital Realty Trust, Inc. (U.S), EMC Corporation (U.S), Global Switch (U.K), Hitachi Ltd (Japan), Hewlett-Packard Inc. (U.S), Telehouse (U.K), CyrusOne (U.S), DuPont Fabros Technology (U.S), and others.
Among these players, Digital Realty Trust, Inc. is one of the pioneering players in the data center market. The company owns a number of key data center solutions like data center cages, electrical and cooling systems, and suites. The company lays its focus on building custom data centers, suites, and cages, in accordance to the needs of its clients.
IBM Corporation is another technology giant that focuses upon data center outsourcing, storage services, middleware services, and networking services. While other major companies like Hewlett-Packard Inc., Cisco System Inc., and Hitachi Ltd stretch their focus on building optimized operation for data center infrastructures.
June 2019, Microsoft announced the introduction of its first-ever data center in the Middle East. The data centers are now online in Abu Dhabi and Dubai and will offer various key services and features.
The global data center market is regionally segmented into the following key geographical territories: Asia Pacific, North America, Europe, and the Rest of the World (RoW).
The Asia Pacific region is anticipated to experience the highest growth in the data center market over the forecast period. The region leads the global market with a considerable share percentage and is projected to further expand its hold over the market. Countries like China and India are contributing immensely to the market growth of this region. The high growth percentage of these countries is due to the fast-paced growth in data and data intelligent devices. Owing to the dramatic fall in the usage of native applications and a striking shift towards the adoption of mobile-based applications in this region are likely to show positive effect on the growth of the data center market in Asia Pacific. The market is expected to garner the highest growth percentage over the other mentioned regions due to the expansion of data and digital intelligent devices.
North America is another big region in the data center market. The region has a highly established infrastructure, one which enables a higher penetration of devices and subsequently offers better connectivity results. Technological advancements and a rapid shift towards community cloud are some of the other big drivers behind the growth of the data center market in North America.
The global data center market segmentation is based in terms of type, vertical, and density.
- By type, the market includes web hosting data centers and corporate data centers. Herein, the corporate data center segment holds a majority of the market share due to the booming demand for data storage management by various big enterprises.
- By vertical, the market segments into telecom & IT, banking & financial services, healthcare, and government.
- By density, the market comprises medium density, low density, high density, and extreme density.
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- Technology Investors
- Research/Consultancy firms
- Technology Solution Providers
- Government Bodies
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