Global Data Center Market to Garner $517.17 Billion by 2030, States the Report by Allied Market Research

Rise in investment in data center applications across the globe and increase in penetration of high-end cloud computing in enterprises drive the growth of the global data center market.

Allied Market Research published a research report on the data center market. The findings of the report state that the global data center market generated $187.35 billion in 2020, and is expected to garner $517.17 billion by 2030, witnessing a CAGR of 10.5% from 2021 to 2030. The report offers valuable information on evolving market trends, major segments, top investment pockets, and key competitors for market players, investors, shareholders, and new entrants.

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Kanhaiya Kathoke, the Research Analyst, ICT at Allied Market Research, highlighted, “The global data center market share is expected to witness a considerable growth, owing to increase in demand for a cloud-based solution, especially in emerging economies such as Asia-Pacific and LAMEA.”

The report offers an in-depth analysis of drivers, restraints, and opportunities to help market players in devising strategies and capitalizing on potential market opportunities. Rise in investment in data center applications across the globe and increase in penetration of high-end cloud computing in enterprises drive the growth of the global data center market. However, increase in concerns related to data privacy paired with growing demand for managed services hinder the market growth to some extent. On the contrary, hybrid & multi-cloud architecture solutions and rise in penetration of Internet of Things are anticipated to pave the way for lucrative opportunities in the coming years.

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The research provides a detailed scenario regarding the impact of the Covid-19 pandemic on the data center market across the globe. Surge in demand for cloud computing network solutions, during the pandemic, had a serious effect on the global data center market. Increased reliance on data centers in the healthcare, government, and BFSI sectors, on the other hand, has boosted the market, providing it a mixed influence.

The report offers a detailed analysis of segments of the global data center market. These segments include component, enterprise size, end use, and region. This analysis assists new entrants, investors, and market players as they can determine the fastest growing and highest revenue-generating segments for determining growth strategies for the next few years.

Based on component, the solution segment held the largest share in terms of revenue 2020, accounting for more than three-fourths of the global data center market. In order to minimize the costs associated with the operations of data centers and to maximize profits, various organizations are now adopting more scalable and efficient power and cooling data center solutions. This drives the growth of the segment. The services segment, however, is anticipated to grow with the fastest CAGR of 12.4% throughout the forecast period, owing to increasing expenditure on data center technology.

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Based on solution, the hyperscale segment dominated the global data center market share, contributing to more than two-fifths of the market in 2020. This is owing to increase in demand for energy-efficient and cost-effective data interruptions solutions across large and small & medium enterprises. On the other hand, the edge segment is anticipated to garner the fastest CAGR of 13.1% during the forecast period.

Based on region, North America lead the highest market share in 2020, contributing to nearly two-fifths of the global data center market, owing to the presence of a large number of data centers across the province. However, the market across Asia-Pacific is expected to grow with the fastest CAGR of 14.7% from 2021 to 2030. This is owing to increasing volumes of data center traffic in countries, such as India, Australia, and China.

Leading players of the global data center market analyzed in the research include SAP SE, Inc., Equinix Inc., Digital Realty, Hewlett Packard Enterprise, Oracle, IBM Corporation, Microsoft, Alphabet Inc., and NTT Communication Corporation.

About Allied Market Research:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains.

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