Data Center Market: size was valued at US$ 89 Bn. in 2020 and the total revenue is expected to grow at 26 % through 2021 to 2027, reaching nearly US$ 448.3 Bn.
Data Center Market Insight:
The Data Center Market is thoroughly covered in this MMR research, dealing with trends, drivers, and potential obstacles. The five regions addressed are Asia Pacific, North America, Europe, the Middle East and Africa, and South America. The Data Centre Market is divided into many geographic segments. In this MMR study, the leading market participants in the data centre industry are profiled along with their primary growth strategies.
Years considered for this MMR report:
Historical Years: 2017-2021
Estimated Year: 2027
Base Year: 2021
Forecast Period: 2022–2027
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The MMR conducted considerable primary and secondary research for this study. MMR started by compiling a list of producers from all over the world. MMR then conducted primary research with the companies that had been chosen. During the interview, respondents were also asked about their competition. MMR could utilize this technique to locate previously unknown producers due to the limitations of secondary research. All of the major manufacturers' products, distribution routes, and global reach were evaluated by MMR.
Data Center Market Trends:
The MMR analysis evaluates all of the trends and technologies that will have a significant impact on the Data Center industry's growth over the projection period. It highlights the key drivers, restraints, and opportunities that will effect market growth between 2022 and 2027.
By Type, Hyperscale data center dominated the market with a 40 % share in 2020. Maximizing cooling efficiency, balanced workload, and automated facility are the major factors driving the growth of the market. Reducing the cost of data interruptions, minimizing downtime due to excessive demands, etc., ability to scale up when demand is great and scale down when demand is low are factors. Hyperscale data center offers a wide array of applications in various industries, namely IT & telecom, BFSI, government utilities, healthcare, energy, manufacturing, and others.
The cloud segment is expected to grow at a CAGR of 5.4 % through the forecast period. The emerging cloud technology is driving market growth. It is more flexible because it can be accessed with different devices and it is easy to recover the lost data and high speed, which helps the other businesses to grow.
Key players use a variety of strategies to gain competitive advantages, including new product launches, product enhancements, and collaborative collaborations. Major key players are:
- Digital Realty
• 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.
Recent happenings in the Data Center Market, as well as organic and inorganic expansion strategies, are included in the MMR reports. A number of businesses are prioritizing new product releases, as well as other organic growth strategies such as patents and events.
This report covers the following crucial features:
- What will be the size of the Data Center market in 2022, and what will be its annual growth rate from 2022 to 2027?
- In Data Center, what are the most important market trends?
- What elements do you think will help the Data Center market grow?
- What are the predicted roadblocks to the Data Center market's expansion?
North America, Europe, Asia Pacific, the Middle East and Africa, and South America, as well as their respective key countries, are also explored in the Data Center market.
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