The data center market is anticipated to show a lucrative growth at a CAGR of around 17% during the forecast period 2020-2026. The market is driven by a significant rise in big data and the increasing adoption of cloud-based services owing to its flexibility and cost-effectiveness. The companies are adopting colocation and cloud services to enhance the flexibility and scalability of their business efficiency and effectiveness. Moreover, major companies are managing their business data through cloud services as the deployment of an infrastructure facility involves a high cost that propels enterprises to shift to data cloud services. There are four standards for a data center that includes Tier 1, Tier 2, Tier 3, and Tier 4. Tier 1 is the basic site infrastructure with an uptime of 99.671% (28.8 hours of downtime annually). Tier 4 is a fault-tolerant site infrastructure with an expected uptime of 99.995% (26.3 minutes of downtime annually). With the increasing tier of a data center, the infrastructure and maintenance cost also increases thus a company can use their data centers infrastructure as per their needs. However, a data center is not strictly required to have a tier certificate.
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Asia-Pacific is estimated to witness significant growth in the market during the forecast period owing to the increasing presence of multinational companies coupled with increasing government initiatives in the region. This significant growth is owing to the increasing IT outsourcing services and the presence of a large number of data centers in the region. Europe is also expected to register a significant growth rate owing to well-developed IT infrastructure and government regulations. In May 2018, the European Union introduced GDPR with an aim to provide equal data privacy and protect the personal data of users and customers of companies all across Europe. Under the law, the companies/organization which are gathering the data have to ensure that it should be gathered legally, and it is mandatory to protect it from misuse and exploitation otherwise have to face penalties. Implementation of this law will augment the need for a better server to store data in order to secure it from data breaches, thereby, augmenting the demand for data center services in the region.
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- Market Coverage
- Market number available for – 2024-2031
- Base year- 2024
- Forecast period- 2024-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
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
- Network Infrastructure
- Storage Infrastructure
- Computing Resources
Global Data Center Market by Vertical
- BFSI
- IT & Telecom
- Healthcare
- Government and Defense
- Others
Regional Analysis
- North America
- United States
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- Amazon Web Services, Inc.
- Apple Inc.
- AT&T, Inc.
- BT Group PLC
- China Telecom Corp., Ltd.
- China Unicom, Ltd.
- Cisco Systems, Inc.
- CoreSite Realty Corp.
- CyrusOne Inc.,
- Cyxtera Technologies, Inc.
- Digital Realty Trust, Inc.
- Equinix, Inc.
- Google LLC
- Huawei Technologies Co., Ltd.
- IBM Corp.
- Internap Corp.
- Interxion Holding NV
- KDDI Corp.
- Microsoft Corp.
- NTT Communication Corp.
- Oracle Corp.
- Rackspace Inc.
- SAP SE
- Sentinel Data Centers
- SoftBank Corp.
- SunGuard Availability Services LP
- Tata Communications Ltd.
- VADS Berhad
- Verizon Communications Inc.
The Report Covers
- Market value data analysis of 2019 and forecast to 2026.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global Data Center market. Based on the availability of data, information related to pipeline products, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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