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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By component, the market is further segmented into network infrastructure, storage infrastructure, and computing resources. By vertical, the market is sub-divided into BFSI, IT & telecom, healthcare, government and defense, and others. BFSI segment held a significant share in the market in 2018 owing to a large amount of data processed by banking and financial firms. Moreover, the healthcare segment has significant potential in the data center market owing to the increasing patient’s data and the growing adoption of digital technologies in healthcare.
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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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