Data Center Market to Reach $517.17 Bn, Globally, by 2030 at 10.5% CAGR: Allied Market Research

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

PORTLAND, Ore., Sept. 27, 2021 /PRNewswire/ -- Allied Market Research published a report, titled, "Data Center Market by Component (Solution and Services), Type (Colocation, Hyperscale, Edge, and Others), Enterprise Size (Large Enterprises and Small & Medium Enterprises (SMEs)), and End User (BFSI, IT & Telecom, Government, Energy & Utilities, and Others): Global Opportunity Analysis and Industry Forecast, 2021–2030." According to the report, the global data center industry was estimated at $187.35 billion in 2020, and is anticipated to hit $517.17 billion by 2030, registering a CAGR of 10.5% from 2021 to 2030.

Download Sample Report- https://www.alliedmarketresearch.com/request-sample/13482 

Drivers, restraints, and opportunities-

Rise in penetration of high-end cloud computing in enterprises and increase in investment in data center applications across the globe drive the growth of the global data center market. On the other hand, surge in concerns related to data privacy paired with growing demand for managed services impede the growth to some extent. However, increase in penetration of Internet of Things and hybrid & multi cloud architecture solutions are expected to pave the way for lucrative opportunities in the industry.

Impact of COVID-19 on Data Center Market

• Surge in demand from cloud computing network solutions, during the pandemic, impacted the global data center market negatively.
• However, increase in dependency on data center across healthcare, government, and BFSI sectors has driven the market positively, thereby providing the market with a mixed impact.

Get detailed COVID-19 impact analysis on the Data Center Market- https://www.alliedmarketresearch.com/request-for-customization/13482?reqfor=covid

The solution segment to dominate by 2030-

Based on component, the solution segment dominated with the largest share in 2020, holding more than three-fourths of the global data center market. This is because 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. However, the services segment is expected to cite the fastest CAGR of 12.4% throughout the forecast period, owing to increasing expenditure in data center technology.

The hyperscale segment to maintain the dominant share-

Based on solution, the hyperscale segment held the highest market share in terms of revenue, accounting for more than two-fifths of the global data center market. This is attributed to surge in demand for energy-efficient and cost-effective data interruptions solutions across large and small & medium enterprises. Simultaneously, the edge segment is estimated to exhibit the fastest CAGR of 13.1% during the forecast period. 

For Purchase Inquiry- https://www.alliedmarketresearch.com/purchase-enquiry/13482

North America garnered the major share in 2020-

Based on region, the market across North America dominated the market with major share in 2020, accounting for nearly two-fifths of the global data center market, due to the presence of a large number of data centers across the province. On the other hand, the market across Asia-Pacific is expected to witness 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.

Key players in the industry-        

• Amazon.com Inc.
• SAP SE
• Digital Realty
• Equinix Inc.
• Hewlett Packard Enterprise
• IBM Corporation
• Oracle,Microsoft
• Alphabet Inc.
• NTT Communication Corporation

Official Press Release: https://www.alliedmarketresearch.com/press-release/data-center-market.html

Similar Research Reports for Information, Communication and Technology:

Augmented Intelligence Market Expected to Reach $121.57 Billion by 2030

Bot Services Market Expected to Reach $7.8 Billion by 2030

Security Testing Market Expected to Reach $36.78 Billion by 2030

Satellite Internet Market Expected to Reach $18.59 Billion by 2030

Privileged Access Management Solutions Market Expected to Reach $19.73 Billion by 2030

AVENUE- A Subscription-Based Library (Premium on-demand, subscription-based pricing model):

AMR introduces its online premium subscription-based library Avenue, designed specifically to offer cost-effective, one-stop solution for enterprises, investors, and universities. With Avenue, subscribers can avail an entire repository of reports on more than 2,000 niche industries and more than 12,000 company profiles. Moreover, users can get an online access to quantitative and qualitative data in PDF and Excel formats along with analyst support, customization, and updated versions of reports.

Get an access to the library of reports at any time from any device and anywhere. For more details, follow the link: https://www.alliedmarketresearch.com/library-access

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. AMR offers its services across 11 industry verticals including Life Sciences, Consumer Goods, Materials & Chemicals, Construction & Manufacturing, Food & Beverages, Energy & Power, Semiconductor & Electronics, Automotive & Transportation, ICT & Media, Aerospace & Defense, and BFSI.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact:

David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free: +1-800-792-5285
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1-855-550-5975
help@alliedmarketresearch.com 
Web: https://www.alliedmarketresearch.com  
Follow Us on: LinkedIn Twitter

Logo: https://mma.prnewswire.com/media/636519/Allied_Market_Research_Logo.jpg