Data Center Market Forecast, 2022-2029: Increasing Focus on Energy Efficiency and Renewable Energy Sources Driving Market Growth
Data Center Market size was valued at US$ 112.03 Bn. in 2021 and the total revenue is expected to grow at 26 % through 2021 to 2029, reaching nearly US$ 711.72 Bn.
Data Center Market Overview:
The data center market is a rapidly growing industry that provides a range of services related to data storage, processing, and distribution. With the rapid increase in the volume of data generated by individuals and businesses, the need for data centers has grown significantly in recent years. In this market overview, we will explore some key aspects of the data center market, including its size, growth, and major players.
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Data Center Market Scope:
The data center market is a rapidly growing industry that provides essential infrastructure for businesses, governments, and organizations to store, process, and manage their digital data. The market includes a wide range of products and services, from server hardware and software to cloud computing services and colocation facilities.
The market scope for data centers is extensive, as they play a critical role in enabling digital transformation across various industries. The demand for data centers has been driven by the growth of cloud computing, big data, and the Internet of Things (IoT), among other factors.
Segmentation:
In 2021, the market was led by hyperscale data centres, with a 40% share. Increasing cooling effectiveness, maintaining a balanced workload, and automating the facility are the main reasons propelling the market's expansion. These include the ability to scale up when demand is high and scale down when demand is low, as well as lowering the cost of data disruptions and limiting downtime caused by excessive demands, among other things. A variety of industries, including IT & telecom, BFSI, public utilities, healthcare, energy, manufacturing, and others, can use hyperscale data centres in a variety of ways.
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Major Players:
• Digital Realty
• Nvidia
• Oracle
• Alphabet Inc.
• Fujitsu Ltd
• Reliance Group
• Capgemini SE
• HCL Technologies Limited
• Sify Technologies Limited
• IBM Corporation
• Cisco Systems Inc.
• Hewlett Packard Enterprise Company
• Hitachi Ltd
• Equinix Inc.
• Huawei Technologies Co. Ltd
• Schneider Electric SE
• Vertiv Co.
Regional Analysis:
Regional insights in the report ensure well-versed in the Data Center Market on a regional level. Any meaningful assessment of potential policy options in response to global market change requires a thorough understanding of local energy, economic, political, and geographic characteristics. The regions included in the market are Asia Pacific, Europe, North America, Africa, and Latin America.
Key Questions answered in the Data Center Market Report are:
- What is Data Center Market?
- What is the forecast period of the Data Center Market?
- What is the competitive scenario of the Data Center Market?
- Which region held the largest market share in the Data Center Market?
- What are the opportunities for the Data Center Market?
- What are the restraining factors in the Data Center Market?
- Who are the key players of the Data Center Market?
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Key offerings:
- Market Share, Size, and Forecast by Revenue|2022-2029
- Market Dynamics- Growth drivers, Restraints, Investment Opportunities, and key trends
- Market Segmentation: A detailed analysis by Data Center Market
- Landscape- Leading key players and other prominent key players.
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