LONDON--(BUSINESS WIRE)--The global data center market size is poised to grow by USD 284.44 billion during 2019-2023, according to a new report by Technavio, progressing at a CAGR of more than 17% during the forecast period.
Read the 131-page research report with TOC on "Data Center Market Analysis Report by component (IT infrastructure, power management system, mechanical construction, general construction, and security solutions) and geography (APAC, Europe, MEA, North America, and South America) 2019 – 2023”. Request a Free Sample Report
The market is driven by the rise in adoption of multi-cloud and network upgrades to support 5G. Also, demand planning and expansion by hyperscalers is expected to boost the growth of the data center market.
The adoption of multi-cloud services is increasing significantly due to their various benefits. Multi-cloud architecture helps in preventing data loss or downtime during a localized component failure. It also ensures security compliances as well as meets workload requirements. These factors are encouraging enterprises to adopt multi-cloud services to meet their business requirements. Furthermore, the increasing investments in 5G testing and its deployment is fueling the need to upgrade existing data center network infrastructure. Thus, the rise in adoption of multi-cloud and network upgrades will fuel the data center market growth during the forecast period.
The data center market is witnessing increased investment by hyper-scalers toward planning and development of new data centers and capacity expansion of existing facilities. The increased investments are mainly attributed to factors such as the increasing demand for public cloud services and a rise in as-a-service offerings, and the use of advanced technologies such as AI, ML, DL, and big data. Thus, demand planning and expansion by hyperscalers will drive the growth of the data center market during the forecast period.
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The report includes detailed profiles of the leading companies & prominent vendors of the market:
- Cisco Systems, Inc.
- Equinix Inc.
- Huawei Investment & Holding Co. Ltd.
- IBM Corp.
- Microsoft Corp.
Market Segmentation by Component:
The data center market can be broadly categorized into the following segments:
- IT infrastructure
- Power management system
- Mechanical construction
- General construction
- Security solutions
Key Regions for the Data Center Market:
Featuring a breakdown of region-wise market shares until 2019.
- North America
- South America
Some of the key topics covered in the report include:
- Market ecosystem
- Market characteristics
- Market segmentation analysis
- Market definition
- Market size and forecast
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
Related Reports on IT Services are:
Software-Defined Data Center (SDDC) Market – Global Software-Defined Data Center (SDDC) Market by component (SDS, SDC, and SDN) and geography (APAC, Europe, MEA, North America, and South America).
Data Center IT Infrastructure Market– Global Data Center IT Infrastructure Market by component (server infrastructure, storage infrastructure, software-defined data center, network infrastructure, converged infrastructure, data center backup and recovery software, data center automation software, and data center infrastructure management (DCIM) solutions) and geography (APAC, Europe, MEA, North America, and South America).
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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