NEW YORK, Nov. 17, 2021 /PRNewswire/ -- "Data Center Market - Forecast and Analysis Report 2021-2025", the market witnessed a YOY growth rate of 18.30% at an accelerating CAGR of 21% between 2020 and 2025.
Revenue Generating Segment
The data center market share growth by the IT infrastructure segment will be significant during the forecast period. Datacenter information technology (IT) infrastructure consists of all IT equipment, infrastructure, and solutions required to set up or scale a data center. The use of such IT infrastructure is increasing owing to the increase in demand for computing power and storage to support the growth in global data traffic. This trend is expected to continue during the forecast period to create the demand for servers and storage infrastructure, and other IT equipment.
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The report is segmented by component (IT infrastructure, mower management system, mechanical construction, general construction, and security solutions) and geography (North America, APAC, Europe, South America, and MEA).
Vendor Insights
The global data center market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market.
The growing competition in the market is compelling vendors to adopt various growth strategies such as promotional activities and spending on advertisements to improve the visibility of their products. Some vendors are also adopting inorganic growth strategies such as M&As to remain competitive in the market.
For Instance, In February 2019, Alphabet Inc. (through its subsidiary Google) announced its plans to acquire Alooma Inc. (Alooma), a data-migration company. Similarly, In June 2020, Equinix Inc. announced the expansion of its Dallas Infomart Data Center campus with the opening of a new $142M International Business Exchange data center and the launch of its 5G and Edge Proof of Concept Center (POCC)
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
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Geographical Market Analysis
North America will provide maximum growth opportunities in the data center market during the forecast period. According to our research report, the region will contribute 35% of the global market growth and is expected to dominate the market through 2025.
The US is the key market for data centers in North America. Market growth in this region will be slower than the growth of the market in the European, APAC, and South American regions. The increasing adoption of cloud services by enterprises across industries in the US and Canada will facilitate the data center market growth in North America over the forecast period.
Know more about this market's geographical distribution along with the detailed analysis of the top regions. https://www.technavio.com/report/data-center-market-industry-analysis
Key Market Trends & Challenges:
The rise in the adoption of edge computing is a major factor supporting the data center market share growth. Edge computing is a network architecture wherein the data is stored and processed near its origin. An edge server in this network serves as the connection between separate networks. The advantage of edge computing is that the stored content is close to the client machine, thereby reducing latency and improving server response. The growing deployment of edge computing will, thus, spur the demand for edge data centers, and the trend of edge data center deployments will continue during the forecast period, led by the advent of 5G and IoT technologies.
Cybersecurity issues will be a major challenge for the data center market. Data is increasingly recognized as one of the prime assets for enterprises to derive revenue opportunities by analyzing past trends and for decision-making for the future. However, the security of sensitive data, which includes customer/usernames, addresses, telephone numbers, and social security numbers, is a major concern for enterprises. The threat of cyberattacks is rising with the growing adoption of cloud services and an increase in the adoption of IoT-based solutions. Such events would be a major challenge in the global data center market during the forecast period.
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Data Center Market Value Chain Analysis
It includes the following core components:
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Data Center Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2020 |
Forecast period |
2021-2025 |
Growth momentum & CAGR |
Accelerate at a CAGR of over 21% |
Market growth 2021-2025 |
USD 519.34 billion |
Market structure |
Fragmented |
YoY growth (%) |
18.30 |
Regional analysis |
North America, APAC, Europe, South America, and MEA |
Performing market contribution |
North America at 35% |
Key consumer countries |
US, China, UK, Australia, Japan, and Germany |
Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
Companies profiled |
Alphabet Inc., Amazon.com Inc., Cisco Systems Inc., Equinix Inc., Microsoft Corp., NTT DATA Corp., Oracle Corp., SAP SE, Huawei Investment & Holding Co. Ltd., and International Business Machines Corp. |
Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period. |
Customization preview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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