The data center market by revenue is expected to grow at a CAGR of 4.5% during the period 2021–2026.
Data Center Market – COVID-19 Impact
The demand for data center has been increased due to the COVID-19 impact because increase the need for access to internet-related services aided by nation-wide lockdown imposed by governments worldwide. According to Akamai Technologies, the COVID-19 pandemic has significantly increased the internet traffic between 25% and 30%, during the initial lockdown period (March-April) worldwide, which is 10 times the normal growth rate which stood at ~3% per month. Organizations across sectors namely, IT services, BFSI, hospitals, and education sectors have initiated remote working for its employees. During COVID-19 even government agencies also adopted the cloud-based services where the confidential data of the state is stored securely. Education sector’s dependence on online operation have increased, where files such as projects, marks cards, documents, and other confidential files have been shared by using their institution’s portal or mail. The need for video conferencing platforms such as Zoom, Webex, and Google Meet, etc. has increased. Most of the enterprises across the world are conducting meetings, interviews, and others day-to-day tasks through these online platforms.
Data Center Market – Growth Analysis
The global data center market is witnessing significant investments in submarine cable projects from service providers such as Google, Facebook, and Microsoft. Also, telecommunication providers across various countries are investing heavily to grow broadband connectivity worldwide. Moreover, the government in many countries is fueling the growth of the digital economy. Many countries such as Brazil, Denmark, Singapore, Australia, Canada, India, Japan, Sweden, Norway, Finland, Ireland, Indonesia, and South Korea are identifying multiple hyperscale data center projects, which is expected to be operational in 2021 and 2022. In terms of design, most of the new facilities are being designed to be of Tier III standards. These factors are major revenue contributors in the global data center market.
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The following factors are likely to contribute to the growth of the data center market during the forecast period:
Base Year: 2020
Forecast Year: 2021–2026
The study considers the present scenario of the data center market and its market dynamics for the period 2020−2026. It covers a detailed overview of several market growth enablers, restraints, and trends. The report offers both the demand and supply aspects of the market. It profiles and examines leading companies and other prominent ones operating in the market.
Data Center Market – Vendor Profiles
Key Data Center Critical (IT) Infrastructure Providers
Key Data Center Support Infrastructure Providers
Key Data Center Contractors
Key Data Center Investors
Other Prominent Critical (IT) Infrastructure Providers
Other Prominent Data Center Support Infrastructure Providers
Other Prominent Data Center Contractors
Other Prominent Data Center Investors
Data Center Market – Segmentation
Data Center Market by Infrastructure
Data Center Market by IT Infrastructure
Data Center Market by Electrical Infrastructure
Data Center Market by Mechanical Infrastructure
Data Center Market by Cooling Technique
Data Center Market by General Construction
Data Center Market by Tier Standards
Data Center Market by Geography
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