Data Center Market, By Component (Solution, Service), By Type (Colocation, Hyperscale, Edge, Others), By Enterprise Size (Large Enterprises, Small & Medium Enterprises), By End-User (BFSI, IT & Telecom, Government, Energy & Utilities, Others), By Region (
Description
Data Center Market, By Component (Solution, Service), By Type (Colocation, Hyperscale, Edge, Others), By Enterprise Size (Large Enterprises, Small & Medium Enterprises), By End-User (BFSI, IT & Telecom, Government, Energy & Utilities, Others), By Region (North America, Europe, Asia-Pacific (APAC), Latin America (LATAM), Middle-East & Africa (MEA), Trend Analysis, Competitive Market Share & Forecast, 2018-2028
Data Center Market is Forecast to Grow at the CAGR of 10.20% in the Forecast Period
The data center market is growing at a high CAGR because of the increasing number of data centers due to rising investment by the government as well as large enterprises into IT infrastructure along with the rapid shift of businesses towards a cloud environment…
A recent study conducted by the strategic consulting and market research firm, BlueWeave Consulting, revealed that the data center market was worth USD 206.2 billion in the year 2021. It is estimated to grow at a CAGR of 10.20%, earning revenue of around USD 404.9 billion by the end of 2022. The growth of the data center market is attributed to the increasing number of data centers due to rising investment by the government as well as large enterprises into IT infrastructure along with the rapid shift of businesses towards a cloud environment. Furthermore, the rising penetration of 5G and the adoption of advanced technologies such as AI, IoT, machine learning, big data, etc., is also propelling the growth of the data center market. However, high risks of hacking and cybersecurity threats may act as a huge restraining factor for the market growth.
Rising Demand Among SMEs is Propelling the Growth of the Data Center Market
The data center market is segmented into large enterprises and small & medium enterprises, based on enterprise. The large enterprise's segment holds the highest share in the market owing to the rising integration of advanced business tools such as data analytics and big data, which influences their need for storage of large volumes of data being generated every day. As a result, multinational corporations often opt for enterprise data centers with advanced data security, which acts as a major driving factor for this segment’s growth.
Increasing Adoption of Advanced Technologies is Supporting the Data Center Market Growth
The increasing penetration of data-generating devices such as smartphones, wearable devices, IoT sensors, remote patient monitoring devices, along with the adoption of advanced technologies such as artificial intelligence, machine learning, big data, etc., is significantly propelling the growth of the data center market. The businesses are deploying data analytical tools to process and manage large volumes of data that can provide insights and trends regarding their business performance, market trends, the customer wants, etc., which is anticipated to drive the market growth in the forecast period.
Data Center Market - By End-User
Based on end-user, the data center market is segmented into BFSI, IT & telecom, government, energy & utilities, and others. The BFSI segment accounts for the largest market share owing to the increasing dependence on internet banking and the growing penetration of online payment applications and mobile wallets. Furthermore, the need for the BFSI sector to keep its operations going 24x7 to keep the trade and economic activities going is also playing a crucial role in propelling the growth of the data center market.
Data Center Market - Regional Insights
Geographically, the data center market is segmented into North America, Europe, Asia-Pacific, Latin America, Middle-East & Africa. North America dominates the data center market. However, the Asia-Pacific region is projected to witness the highest CAGR during the forecast period. Countries like Singapore, China, India, etc., are significantly investing in the IT infrastructure and construction of new data centers to manage the ever-growing volume of data in their respective region. Furthermore, a high number of small and medium-sized enterprises and the rising adoption of cloud computing among them is also presenting lucrative growth opportunities to the data center market in the Asia-Pacific region.
Impact of COVID-19 on Data Center Market
The unprecedented COVID-19 outbreak offered significant growth opportunities to the data center market. Although the market was initially halted by the lockdown due to obstruction in the construction of data centers owing to social distancing norms and shortage of hardware components. However, the rise in the adoption of cloud computing, mainly because of the growing work from home culture and increasing popularity of mobile streaming apps is anticipated to present lucrative growth opportunities to the data center market in the forecast period.
Competitive Landscape
The leading market players of the data center market are Equinix, Digital Realty, NTT Communications, China Telecom, Telehouse/KDDI, Coresite, Verizon, Cyxtera Technologies, China Unicom, Amazon Web Services, 365 Data Centers, CoreSite Realty Corporation, CyrusOne, Inc., Lumen Technologies, Inc., DuPont Fabros Technology, Inc., SUPERNAP, QTS Realty Trust, Inc., Microsoft Corporation, and other prominent players.
The market is highly concentrated and dominated by global players such as AWS, NTT Communications, Microsoft, etc. However, the regional players are also emerging and targeting SMEs with their economic offerings to expand their market. The companies offer a wide range of services such as colocation, hardware installation and maintenance, data backup and archiving, etc., to grab a larger share in the market. Furthermore, the adoption of competitive strategies such as partnerships, mergers, acquisitions, joint ventures, etc., is also prominent in this market.
Don’t miss the business opportunity of the data center market. Consult our analysts to gain crucial insights and facilitate your business growth.
The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of the data center market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends of the data center market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyses the growth drivers, challenges, and competitive dynamics of the market.
About Us
BlueWeave Consulting provides comprehensive Market Intelligence (MI) Solutions to businesses regarding various products and services online and offline. We offer all-inclusive market research reports by analyzing both qualitative and quantitative data to boost the performance of your business solutions. BWC has built its reputation from the scratch by delivering quality inputs and nourishing long-lasting relationships with its clients. We are one of the promising digital MI solutions companies providing agile assistance to make your business endeavors successful.
Data Center Market is Forecast to Grow at the CAGR of 10.20% in the Forecast Period
The data center market is growing at a high CAGR because of the increasing number of data centers due to rising investment by the government as well as large enterprises into IT infrastructure along with the rapid shift of businesses towards a cloud environment…
A recent study conducted by the strategic consulting and market research firm, BlueWeave Consulting, revealed that the data center market was worth USD 206.2 billion in the year 2021. It is estimated to grow at a CAGR of 10.20%, earning revenue of around USD 404.9 billion by the end of 2022. The growth of the data center market is attributed to the increasing number of data centers due to rising investment by the government as well as large enterprises into IT infrastructure along with the rapid shift of businesses towards a cloud environment. Furthermore, the rising penetration of 5G and the adoption of advanced technologies such as AI, IoT, machine learning, big data, etc., is also propelling the growth of the data center market. However, high risks of hacking and cybersecurity threats may act as a huge restraining factor for the market growth.
Rising Demand Among SMEs is Propelling the Growth of the Data Center Market
The data center market is segmented into large enterprises and small & medium enterprises, based on enterprise. The large enterprise's segment holds the highest share in the market owing to the rising integration of advanced business tools such as data analytics and big data, which influences their need for storage of large volumes of data being generated every day. As a result, multinational corporations often opt for enterprise data centers with advanced data security, which acts as a major driving factor for this segment’s growth.
Increasing Adoption of Advanced Technologies is Supporting the Data Center Market Growth
The increasing penetration of data-generating devices such as smartphones, wearable devices, IoT sensors, remote patient monitoring devices, along with the adoption of advanced technologies such as artificial intelligence, machine learning, big data, etc., is significantly propelling the growth of the data center market. The businesses are deploying data analytical tools to process and manage large volumes of data that can provide insights and trends regarding their business performance, market trends, the customer wants, etc., which is anticipated to drive the market growth in the forecast period.
Data Center Market - By End-User
Based on end-user, the data center market is segmented into BFSI, IT & telecom, government, energy & utilities, and others. The BFSI segment accounts for the largest market share owing to the increasing dependence on internet banking and the growing penetration of online payment applications and mobile wallets. Furthermore, the need for the BFSI sector to keep its operations going 24x7 to keep the trade and economic activities going is also playing a crucial role in propelling the growth of the data center market.
Data Center Market - Regional Insights
Geographically, the data center market is segmented into North America, Europe, Asia-Pacific, Latin America, Middle-East & Africa. North America dominates the data center market. However, the Asia-Pacific region is projected to witness the highest CAGR during the forecast period. Countries like Singapore, China, India, etc., are significantly investing in the IT infrastructure and construction of new data centers to manage the ever-growing volume of data in their respective region. Furthermore, a high number of small and medium-sized enterprises and the rising adoption of cloud computing among them is also presenting lucrative growth opportunities to the data center market in the Asia-Pacific region.
Impact of COVID-19 on Data Center Market
The unprecedented COVID-19 outbreak offered significant growth opportunities to the data center market. Although the market was initially halted by the lockdown due to obstruction in the construction of data centers owing to social distancing norms and shortage of hardware components. However, the rise in the adoption of cloud computing, mainly because of the growing work from home culture and increasing popularity of mobile streaming apps is anticipated to present lucrative growth opportunities to the data center market in the forecast period.
Competitive Landscape
The leading market players of the data center market are Equinix, Digital Realty, NTT Communications, China Telecom, Telehouse/KDDI, Coresite, Verizon, Cyxtera Technologies, China Unicom, Amazon Web Services, 365 Data Centers, CoreSite Realty Corporation, CyrusOne, Inc., Lumen Technologies, Inc., DuPont Fabros Technology, Inc., SUPERNAP, QTS Realty Trust, Inc., Microsoft Corporation, and other prominent players.
The market is highly concentrated and dominated by global players such as AWS, NTT Communications, Microsoft, etc. However, the regional players are also emerging and targeting SMEs with their economic offerings to expand their market. The companies offer a wide range of services such as colocation, hardware installation and maintenance, data backup and archiving, etc., to grab a larger share in the market. Furthermore, the adoption of competitive strategies such as partnerships, mergers, acquisitions, joint ventures, etc., is also prominent in this market.
Don’t miss the business opportunity of the data center market. Consult our analysts to gain crucial insights and facilitate your business growth.
The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of the data center market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends of the data center market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyses the growth drivers, challenges, and competitive dynamics of the market.
About Us
BlueWeave Consulting provides comprehensive Market Intelligence (MI) Solutions to businesses regarding various products and services online and offline. We offer all-inclusive market research reports by analyzing both qualitative and quantitative data to boost the performance of your business solutions. BWC has built its reputation from the scratch by delivering quality inputs and nourishing long-lasting relationships with its clients. We are one of the promising digital MI solutions companies providing agile assistance to make your business endeavors successful.
Table of Contents
199 Pages
- 1. Research Framework
- 1.1. Research Objective
- 1.2. Product Overview
- 1.3. Market Segmentation
- 2. Research Methodology
- 2.1. Qualitative Research
- 2.1.1. Primary & Secondary Research
- 2.2. Quantitative Research
- 2.3. Market Breakdown & Data Triangulation
- 2.3.1. Secondary Research
- 2.3.2. Primary Research
- 2.4. Breakdown of Primary Research Respondents, By Region
- 2.5. Assumption & Limitation
- 3. Executive Summary
- 4. Global Data Center Market Insights
- 4.1. Industry Value Chain Analysis
- 4.2. DROC Analysis
- 4.2.1. Growth Drivers
- 4.2.2. Restraints
- 4.2.3. Opportunities
- 4.2.4. Challenges
- 4.3. Technological Landscape/Recent Development
- 4.4. Regulatory Framework
- 4.5. Porter’s Five Forces Analysis
- 4.5.1. Bargaining Power of Suppliers
- 4.5.2. Bargaining Power of Buyers
- 4.5.3. The threat of New Entrants
- 4.5.4. Threat of Substitutes
- 4.5.5. Intensity of Rivalry
- 5. Global Data Center Market Overview
- 5.1. Market Size & Forecast by Value, 2018-2028
- 5.1.1. By Value (USD Million)
- 5.2. Market Share & Forecast
- 5.2.1. By Type
- 5.2.1.1. Corporate Data Centers
- 5.2.1.2. Web Hosting Data Centers
- 5.2.2. By Density
- 5.2.2.1. Low
- 5.2.2.2. Medium
- 5.2.2.3. High
- 5.2.2.4. Extreme
- 5.2.3. By Vertical
- 5.2.3.1. Banking and Financial Services
- 5.2.3.2. IT and Telecom
- 5.2.3.3. Government
- 5.2.3.4. Healthcare
- 5.2.3.5. Others
- 5.2.4. By Region
- 5.2.4.1. North America
- 5.2.4.2. Europe
- 5.2.4.3. Asia-Pacific
- 5.2.4.4. Latin America
- 5.2.4.5. Middle-East and Africa
- 6. North America Data Center Market
- 6.1. Market Size & Forecast by Value, 2018-2028
- 6.1.1. By Value (USD Million)
- 6.2. Market Share & Forecast
- 6.2.1. By Type
- 6.2.2. By Density
- 6.2.3. By Vertical
- 6.2.4. By Country
- 6.2.4.1. United States
- 6.2.4.2. Canada
- 7. Europe Data Center Market
- 7.1. Market Size & Forecast by Value, 2018-2028
- 7.1.1. By Value (USD Million)
- 7.2. Market Share & Forecast
- 7.2.1. By Type
- 7.2.2. By Density
- 7.2.3. By Vertical
- 7.2.4. By Country
- 7.2.4.1. Germany
- 7.2.4.2. United Kingdom
- 7.2.4.3. Italy
- 7.2.4.4. France
- 7.2.4.5. Spain
- 7.2.4.6. Rest of Europe
- 8. Asia Pacific Data Center Market
- 8.1. Market Size & Forecast by Value, 2018-2028
- 8.1.1. By Value (USD Million)
- 8.2. Market Share & Forecast
- 8.2.1. By Type
- 8.2.2. By Density
- 8.2.3. By Vertical
- 8.2.4. By Country
- 8.2.4.1. China
- 8.2.4.2. India
- 8.2.4.3. Japan
- 8.2.4.4. South Korea
- 8.2.4.5. Rest of Asia Pacific
- 9. Latin America Data Center Market
- 9.1. Market Size & Forecast by Value, 2018-2028
- 9.1.1. By Value (USD Million)
- 9.2. Market Share & Forecast
- 9.2.1. By Type
- 9.2.2. By Density
- 9.2.3. By Vertical
- 9.2.4. By Country
- 9.2.4.1. Brazil
- 9.2.4.2. Mexico
- 9.2.4.3. Rest of Latin America
- 10. The Middle East & Africa Data Center Market
- 10.1. Market Size & Forecast by Value, 2018-2028
- 10.1.1. By Value (USD Million)
- 10.2. Market Share & Forecast
- 10.2.1. By Type
- 10.2.2. By Density
- 10.2.3. By Vertical
- 10.2.4. By Country
- 10.2.4.1. Saudi Arabia
- 10.2.4.2. UAE
- 10.2.4.3. South Africa
- 10.2.4.4. Rest of the Middle East & Africa
- 11. Competitive Landscape
- 11.1.
- List of Key Players and Their Offerings
- 11.2. Market Share Analysis, 2021
- 11.3. Competitive Benchmarking, By Operating Parameters
- 11.4. Key Strategic Development (Merger, Acquisition, Partnership.)
- 12. Impact of COVID-19 on Data Center Industry
- 13. Company Profile (Company Overview, Financial Matrix, Competitive landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook) **
- 13.1. Digital Realty Trust Inc.
- 13.2. Hewlett-Packard Inc
- 13.3. IBM Corporation
- 13.4. Cisco System Inc.
- 13.5. Hitachi Ltd.
- 13.6. CyrusOne
- 13.7. Global Switch
- 13.8. Lumen Technologies
- 13.9. Telehouse
- 13.10. EMC Corporation
- 13.11. DuPont Fabrose Technology
- 13.12. Google LLC
- 13.13. Equinix, Inc.
- 13.14. AT&T Inc.
- 13.15. Apple Inc.
- 13.16. Other Prominent Players
- 14. Key Strategic Recommendations
- List of Figures
- Figure 1 Global Data Center Market Segmentation
- Figure 2 Global Data Center Market Value Chain Analysis
- Figure 3 Company Market Share Analysis, 2021
- Figure 4 Global Data Center Market Size, By Value (USD Million), 2018-2028
- Figure 5 Global Data Center Market Share, By Type, By Value, 2018-2028
- Figure 6 Global Data Center Market Share, By Density, By Value, 2018-2028
- Figure 7 Global Data Center Market Share, By Vertical, By Value, 2018-2028
- Figure 8 Global Data Center Market Share, By Region, By Value, 2018-2028
- Figure 9 North America Data Center Market Size, By Value (USD Million), 2018-2028
- Figure 10 North America Data Center Market Share, By Type, By Value, 2018-2028
- Figure 11 North America Data Center Market Share, By Density, By Value, 2018-2028
- Figure 12 North America Data Center Market Share, By Vertical, By Value, 2018-2028
- Figure 13 North America Data Center Market Share, By Country, By Value, 2018-2028
- Figure 14 Europe Data Center Market Size, By Value (USD Million), 2018-2028
- Figure 15 Europe Data Center Market Share, By Type, By Value, 2018-2028
- Figure 16 Europe Data Center Market Share, By Density, By Value, 2018-2028
- Figure 17 Europe Data Center Market Share, By Vertical, By Value, 2018-2028
- Figure 18 Europe Data Center Market Share, By Country, By Value, 2018-2028
- Figure 19 The Asia-Pacific Data Center Market Size, By Value (USD Million), 2018-2028
- Figure 20 The Asia-Pacific Data Center Market Share, By Type, By Value, 2018-2028
- Figure 21 The Asia-Pacific Data Center Market Share, By Density, By Value, 2018-2028
- Figure 22 The Asia-Pacific Data Center Market Share, By Vertical, By Value, 2018-2028
- Figure 23 The Asia-Pacific Data Center Market Share, By Country, By Value, 2018-2028
- Figure 24 Latin America Data Center Market Size, By Value (USD Million), 2018-2028
- Figure 25 Latin America Data Center Market Share, By Type, By Value, 2018-2028
- Figure 26 Latin America Data Center Market Share, By Density, By Value, 2018-2028
- Figure 27 Latin America Data Center Market Share, By Vertical, By Value, 2018-2028
- Figure 28 Latin America Data Center Market Share, By Country, By Value, 2018-2028
- Figure 29 The Middle East & Africa Data Center Market Size, By Value (USD Million), 2018-2028
- Figure 30 The Middle East & Africa Data Center Market Share, By Type, By Value, 2018-2028
- Figure 31 The Middle East & Africa Data Center Market Share, By Density, By Value, 2018-2028
- Figure 32 The Middle East & Africa Data Center Market Share, By Vertical, By Value, 2018-2028
- Figure 33 The Middle East & Africa Data Center Market Share, By Country, By Value, 2018-2028
- List of Tables
- Table 1 Global Data Center Market Size, By Type, By Value, 2018-2028
- Table 2 Global Data Center Market Size, By Density, By Value, 2018-2028
- Table 3 Global Data Center Market Size, By Vertical, By Value, 2018-2028
- Table 4 Global Data Center Market Size, By Region, By Value, 2018-2028
- Table 5 North America Data Center Market Size, By Type, By Value, 2018-2028
- Table 6 North America Data Center Market Size, By Density, By Value, 2018-2028
- Table 7 North America Data Center Market Size, By Vertical, By Value, 2018-2028
- Table 8 North America Data Center Market Size, By Country, By Value, 2018-2028
- Table 9 Europe Data Center Market Size, By Type, By Value, 2018-2028
- Table 10 Europe Data Center Market Size, By Density, By Value, 2018-2028
- Table 11 Europe Data Center Market Size, By Vertical, By Value, 2018-2028
- Table 12 Europe Data Center Market Size, By Country, By Value, 2018-2028
- Table 13 The Asia-Pacific Data Center Market Size, By Type, By Value, 2018-2028
- Table 14 The Asia-Pacific Data Center Market Size, By Density, By Value, 2018-2028
- Table 15 The Asia-Pacific Data Center Market Size, By Vertical, By Value, 2018-2028
- Table 16 The Asia-Pacific Data Center Market Size, By Country, By Value, 2018-2028
- Table 17 Latin America Data Center Market Size, By Type, By Value, 2018-2028
- Table 18 Latin America Data Center Market Size, By Density, By Value, 2018-2028
- Table 19 Latin America Data Center Market Size, By Vertical, By Value, 2018-2028
- Table 20 Latin America Data Center Market Size, By Country, By Value, 2018-2028
- Table 21 The Middle East & Africa Data Center Market Size, By Type, By Value, 2018-2028
- Table 22 The Middle East & Africa Data Center Market Size, By Density, By Value, 2018-2028
- Table 23 The Middle East & Africa Data Center Market Size, By Vertical, By Value, 2018-2028
- Table 24 The Middle East & Africa Data Center Market Size, By Country, By Value, 2018-2028
- Table 25 Digital Realty Trust Inc. Company Overview
- Table 26 Digital Realty Trust Inc. Financial Overview
- Table 27 Hewlett-Packard Inc Company Overview
- Table 28 Hewlett-Packard Inc Financial Overview
- Table 29 Cisco System Inc. Company Overview
- Table 30 Cisco System Inc. Financial Overview
- Table 31 Hitachi Ltd. Company Overview
- Table 32 Hitachi Ltd. Financial Overview
- Table 33 Global Switch Company Overview
- Table 34 Global Switch Financial Overview
- Table 35 Telehouse Company Overview
- Table 36 Telehouse Financial Overview
- Table 37 EMC Corporation Company Overview
- Table 38 EMC Corporation Financial Overview
- Table 39 DuPont Fabros Technology Company Overview
- Table 40 DuPont Fabros Technology Financial Overview
- Table 41 Google LLC Company Overview
- Table 42 Google LLC Financial Overview
- Table 43 Equinix, Inc. Company Overview
- Table 44 Equinix, Inc. Financial Overview
- Table 45 AT&T Inc. Company Overview
- Table 46 AT&T Inc. Financial Overview
- Table 47 Apple Inc. Company Overview
- Table 48 Apple Inc. Financial Overview
- Table 49 Other Prominent Players Company Overview
- Table 50 Other Prominent Players' Financial Overview
- Table 51 DuPont Company Overview
- Table 52 DuPont Financial Overview
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