A recent report published by Infinium Global Research on data centers market provides in-depth analysis of segments and sub-segments in the global as well as regional data centers market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional data centers market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global data centers market. According to the report, the global data centers market is projected to grow at a CAGR of 15.1% over the forecast period of 2019-2025.
Data centers are facilities comprising of network computers as well as storage devices, which enterprises utilize for storing, organizing, processing and disseminating huge volumes of data. Data centers host critical systems of a network, which are important for daily operations of enterprise or other organizations. Data centers contain IT equipment such as cables, servers, firewalls, storage sub-systems, routers, networking switches and physical racks for organizing as well as interconnecting IT equipment among others. Data centers essentially require infrastructure for power distribution, backup power systems, cooling systems, telecommunication connectivity, and ventilation. Data centers find applications in sectors such as banking, financial institutions, government, healthcare, ITES and retail among others.
Increasing adoption of cloud computing, digitization, and virtualization by major enterprises globally drive the growth of the global data centers market. Increasing global IP traffic due to the improving broadband and other internet mediums and the growing usage of social media as well as content-based online media services are driving the growth of the data centers market. Increase in usage of mobile data and increasing applications of 4g are driving telecom operators to acquire more data center services. Economies of scale and a growing number of applications in various industries drive the growth of demand for mega data centers. Increasing colocation services, growing cloud services, cost saving, and demand for data consolidation are major factors that drive the growth of cloud-based data centers. Growing demand for analytics services is driving the growth of the data centers market, as companies have a huge pile of data for analysis. Outsourcing of data centers by enterprises for cost savings are driving the growth of the market, as more data centers are built in developing countries to serve the demand. As more network-based applications are under research, the evolution of the internet of things is anticipated to drive the growth of the global data centers market in the near future.
Presence of Alibaba, Amazon Inc., Apple Inc., Facebook, Google and IBM make global data centers market highly competitive. Huge investments in research & development for new technologies, acquisitions & mergers for consolidation, adoption of software-defined technologies, and upgradation of legacy data centers characterize the data centers market.
Among geographies, North America dominates the global data centers market with more than 30% share, followed by Europe. Presence of a large number of global service providers, early adoption of technology, and the growing number of installations are the major factors that drive the growth of North American data centers market. Increasing demand for data centers from enterprises for integrating cloud services in France, Germany, Holland, and The UK drive the European data centers market. Moreover, the need for renovation or up-gradation of existing data centers enhances the growth of the European market. Asia-Pacific is anticipated to be the fastest growing market in terms of CAGR during the forecast period. Increasing demand for new technologies for data analytics, mobile analytics, and cloud services drive the growth of the Asia-Pacific data centers market. Moreover, the demand for data centers from business enterprises, governments, and telecommunication companies, along with the increasing capacity building by major local and International data centers service providers further enhance the growth of the Asia-Pacific market.
The report on global data centers market covers segments such as type, construction, IT infrastructure, and services. On the basis of type, the sub-markets include mega/ hyperscale data centers, colocation data centers, enterprise data centers, other types. On the basis of construction, the sub-markets include newly built data centers, and rebuilt data centers. On the basis of IT infrastructure, the sub-markets include network, server, and storage. On the basis of services, the sub-markets include Consulting and integration.
The report provides profiles of the companies in the market such as Apple Inc., Alibaba Group Holding Limited, Amazon Web Services, Inc., Equinix, Inc., Cisco Systems, Inc., Digital Realty Trust, Inc., Lenovo Group Ltd., IBM Corporation, Hewlett Packard Enterprise Development LP, Facebook, Inc., Google LLC, Microsoft Corporation, and Other companies.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of data centers market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
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