Data Center Market in China 2018-2022
About Data Center
A data center is a centralized facility used for data computing, processing, and storage. It includes high-performance servers, networking equipment, storage arrays, and supporting services such as powering and cooling solutions. Data centers are established by either large-scale enterprises or enterprises offering cloud-based services.Technavio’s analysts forecast the data center market in China to grow at a CAGR of 11.55% during the period 2018-2022.Covered in this report The report covers the present scenario and the growth prospects of the data center market in China for 2018-2022. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.Technavio's report, Data Center Market in China 2018-2022, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Technavio Announces the Publication of its Research Report – Data Center Market in China 2018-2022
Technavio recognizes the following companies as the key players in the data center market in China: Alibaba Group, China Mobile, China Unicom, China Telecom, and Equinix.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is increasing investment in quantum computing. The increasing investment in quantum computing is one of the key trends in the data center market in China. The saturated capacity of commercially available computers is leading to increased focus on quantum computing.”
According to the report, one driver in the market is increasing demand for supercomputing. Supercomputers are required in the aerospace and defense sectors to solve sophisticated tasks. The declining cost of supercomputers has increased the adoption of several data centers. To process and manage day-to-day operations, many organizations prefer data centers that make use of supercomputers.
Further, the report states that one challenge in the market is high power consumption of data centers. There is a demand-supply gap in the production and consumption of power in China. The need for power in industries has increased rapidly. Data centers have high power needs. Hence, spending on power is high in data centers.