NEW YORK, March 16, 2023 /PRNewswire/ — The data center market is projected to grow by USD 615.96 billion between 2021 and 2026 and the growth momentum is expected to accelerate at a CAGR of 21.98% over the forecast period. The increasing 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 computer. The technology was originally implemented by SMEs. However, the growing demand for efficient and secure data management has also led to increased implementation in large companies. The increasing popularity of this technology has encouraged many vendors to develop new edge computing platforms to help customers with their data management functions. All these factors have a positive impact on the growth of the market. For more insights into market size (2022 to 2026) – Request a report sample
Technavio has announced its latest market research report titled Global Data Center Market 2022-2026 2022-2026
Regional Analysis
By region, the global data center market is segmented into North America, APAC, Europe, South America and MEA. North America will account for 35% of the market growth during the forecast period. Increasing adoption of cloud services by businesses in the US and Canada is driving the growth of the data center market 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 subsidiary Google.
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 provides data centers with real-time infrastructure monitoring, flexible power and usage solutions, and secure on-premises deployment.
The story goes on
market dynamics
The growth of the market 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 from SMBs. However, cybersecurity issues will hamper the growth of the market.
competitive analysis
The competitive scenario categorizes companies based on various performance indicators. Factors considered include the financial performance of companies 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.
Geographically, the market is segmented into North America, APAC, Europe, South America and MEA.
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The growth of Data Center Maintenance and Support Services Market is anticipated to proceed at a CAGR of 12.04% and is estimated at USD 7.69 billion from 2021 to 2026. The surge in data center spending is notably driving the growth of data center maintenance and support services market, although factors such as data security concerns and rising cyber threat may hamper the market growth.
It is estimated that the data center server market will grow at a CAGR of 15.27% between 2022 and 2027. The size of the market is expected to increase by USD 115 billion. Investments in scaling in-house data centers are notably driving the growth of the data center server market, although factors such as server workload optimization may hamper the market growth.
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What are the Key Data Covered in This Data Center Market Report?
CAGR of the market during the forecast period.
Detailed information on factors that will drive the growth of the market between 2022 and 2026
Precisely estimate the size of the data center market and its contribution to the parent market.
Accurate predictions about upcoming trends and changes in consumer behavior.
Market growth in North America, APAC, Europe, South America and MEA.
A thorough analysis of the competitive landscape of the market and detailed information about vendors.
Comprehensive analysis of factors that will challenge the growth of vendors in the data center market.
Scope of the data center market
report coverage
details
base year
2021
forecast period
2022-2026
Growth Dynamics & CAGR
Accelerate with a CAGR of 21.98%
Market growth 2022-2026
$615.96 billion
market structure
fragmented
YoY growth 2022-2023 (%)
20.22
Regional Analysis
North America, APAC, Europe, South America and MEA
make a market contribution
North America at 35%
key countries
USA, China, UK, Australia and Japan
competitive landscape
Leading Vendors, Vendor Market Positioning, Competitive Strategies, and Industry Risks
Important companies in profile
Alphabet Inc., Amazon.com Inc., Cisco Systems Inc., DXC Technology Co., Equinix Inc., Huawei Investment and Holding Co. Ltd., International Business Machines Corp., Microsoft Corp., Oracle Corp. and SAPSE
market dynamics
Root market analysis, market growth triggers and barriers, fast growing and slow growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics and market condition analysis for the forecast period.
customization area
If our report does not contain the data you are looking for, you can contact our analysts and have segments adjusted.
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Table of contents:
1. Summary
2. Market landscape
3. Market Size
4. Five Forces Analysis
5. Market segmentation by components
6. Customer Landscape
7. Geographical landscape
8. Drivers, challenges and trends
9. Vendor landscape
10. Vendor Analysis
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Data center market size projected to grow by $615.96 billion between 2021 and 2026 – Technavio
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