Global Data Center Market 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. Enterprises build colocation and managed hosting data center facilities and rent them to other large enterprises and SMEs.
Technavio’s analysts forecast the global data center market to grow at a CAGR of 10.21% during the period 2018-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the global data center market 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.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Data Center Market 2018-2022
Technavio recognizes the following companies as the key players in the global data center market: Digital Realty Trust, Equinix, Alphabet, Microsoft, and Amazon.com.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is increasing interest towards quantum computing. One of the major drivers for the global HPC market is the increasing interest towards quantum computing. Current commercially available computers are slowly reaching the final level of their computational ability. As the amount of data keeps growing, having more efficient systems to solve complex mathematical problems have become critical to various industries.”
According to the report, one driver in the market is increasing demand for cloud-based storage. Cloud storage is one of the most important innovations that disrupted the storage market. It is an on demand service that is provided to users by various firms such as Amazon.com, Facebook, and Google. Several computer resources are offered to the user without the need of having hardware. Users can save text, file, images on a cloud-based platform.
Further, the report states that one challenge in the market is increasing focus on data center consolidation. Infrastructure as a service (IaaS) is a vital cloud concept in which several companies utilize virtualized computing resources over the internet. Some of the examples of IaaS includes DigitalOcean, Linode, Rackspace, Amazon Web Services (AWS), Cisco Metapod, Microsoft Azure, Google Compute Engine (GCE).
Digital Realty Trust, Equinix, Alphabet, Microsoft, and Amazon.com.
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