The data center market size will increase by USD 615.96 billion between 2021 and 2026; The growing adoption of edge computing has been identified as a key trend

NEW YORK, March 16, 2023 /PRNewswire/ — The data center market the size is expected to grow by 615.96 billion US dollars between 2021 and 2026, and the growth momentum will accelerate to a CAGR of 21.98% during the forecast period. The growing adoption of edge computing is identified as a key trend in the market. Edge computing reduces latency and improves service performance because the stored content is close to the client machine. The technology was initially implemented by SMEs. However, the growing demand for efficient and secure data management has also increased its adoption in large enterprises. The growing popularity of this technology has encouraged many vendors to develop new edge computing platforms to help customers with their data management capabilities. All these factors positively influence the growth of the market. For more information on market size (2022 to 2026) – Request a sample report

Regional analysis

By region, the global data center market is segmented into North AmericaAPAC, Europe, South Americaand MEA. North America will report 35% market growth during the forecast period. The growing adoption of cloud services by enterprises in the US and Canada driving data center market growth in North America.

Company profiles

The Data Center Market report includes information on the key products and recent developments of leading vendors, including:

• Alphabet Inc. – The company offers high-performance, secure, reliable and efficient data centers worldwide through its Google subsidiary.

• Amazon.com Inc. – The company offers data centers through its Amazon Web Services subsidiary.

• Cisco Systems Inc. – The company offers data centers, namely Cisco Data Center for Networking and Computing.

• Equinix Inc. – The company offers real-time data centers, online infrastructure monitoring, flexible power and utilization solutions, and secure on-site deployment.

The story continues

Market dynamics

Market growth is driven by factors such as increasing adoption of multi-cloud and network upgrades to support 5G, demand planning and expansion by hyperscalers, and growing demand among SMEs. However, cyber security issues will hinder the growth of the market.

Competitive analysis

The competitive scenario categorizes companies based on various performance metrics. Some of the factors considered include companies’ financial performance over the past few years, growth strategies, product innovation, new product launches, investments and market share growth, among others. Request a sample

Market segmentation

• By component, the market is segmented into IT infrastructure, power management systems, mechanical construction, general construction and security solutions.

• By geography, the market is segmented into North AmericaAPAC, Europe, South Americaand MEA.

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Related reports:

• The market for data center support and maintenance services size growth is expected to progress at a CAGR of 12.04% and is estimated at $7.69 billion from 2021 to 2026. Increasing data center spending, in particular, is driving the growth of the data center support and maintenance services market, although factors such as data security concerns and rising cyber threat may hamper the growth of the market.

• The data center server market is expected to grow at a CAGR of 15.27% between 2022 and 2027. The market size is expected to increase by 115 billion dollars. Investments in increasing internal data centers, in particular, are driving the growth of the data center server market, although factors such as server load optimization may hinder market growth.

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What are the key data included in this Data Center Market report

• Market CAGR during the forecast period.

• Detailed information on factors that will drive market growth between 2022 and 2026

• An accurate estimation of the data center market size and its contribution to the underlying market.

• Accurate predictions of upcoming trends and changes in consumer behavior.

• Market growth North AmericaAPAC, Europe, South Americaand MEA.

• In-depth analysis of the competitive landscape of the market and detailed information on suppliers.

• A comprehensive analysis of factors that will drive vendor growth in the Data Center market.

View Technavio’s IT Market Reports, ToC & LoE

Contents:

1. Summary

2. Market landscape

3. Sizing the market

4. Five Forces Analysis

5. Market segmentation by components

6. Customer landscape

7. Geographical landscape

8. Drivers, challenges and trends

9. Landscape of the seller

10. Supplier Analysis

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