A data center, also known as a datacentre or a data center, is a facility made up of networking computers, storage systems, and computational infrastructure that organizations utilise to collect, process, store, and transmit big amounts of data.

The centre market is expected to grow significantly during the estimated period as data center complexity increases due to scalability. Furthermore, the increase in access to high-end cloud computing in enterprises globally in developing economies promotes the growth of the data center market during the forecasting period.

Moreover, an increase in investment in data center applications globally is expected to boost market growth.

The report “Data Center Market, By Component (Solution and Services), By Type (Colocation, Hyperscale, Edge and Others), By Enterprise Size (Large Enterprises and Small & Medium Enterprises (SMEs)), and By End User (BFSI, IT & Telecom, Government, Energy & Utilities and Others), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2032”

Key Highlights:

• In April 2022, Seagate Technology Holdings PLC and Fisson Electronics Corp. announced plans to expand their Solid-State Drive (SSD) portfolio, to help data management centers reduce high-density and faster, more intelligent storage infrastructure to work with hybrid hard drive (HHD) storage, to facilitate broader business applications such as hyperscale data centres, high-performance computing, and AI.
• In June 2021, NTT Ltd launched Global Data Center Interconnect, a typical global network fabric service. It provides private and secure connections between NTT's global data centers and major cloud service providers.

Analyst View:

A data center is important for securing an organization's sensitive information and delivering it quickly and accurately. They are ideal for disaster recovery and facilitate the scaling of a company, most importantly, data centers are essential to comply with privacy laws and to provide access to data when necessary. The data centres are classified among various end users such as BFSI, IT and Telecom, Government, Energy and Utilities and others. This aforementioned end user spurred the growth of the market.

Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on “Data Center Market, By Component (Solution and Services), By Type (Colocation, Hyperscale, Edge and Others), By Enterprise Size (Large Enterprises and Small & Medium Enterprises (SMEs)), and By End User (BFSI, IT & Telecom, Government, Energy & Utilities and Others), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2032”

Key Market Insights from the report:

Data Center Market accounted for US$ 101.8 billion in 2022 and is estimated to be US$ 218.6 billion by 2032 and is anticipated to register a CAGR of 7.5%. The Data Center Market is segmented based on component, type, enterprise, end user and region.

• Based on Component, Data Center Market is segmented Solution and Services.
• Based on Type, Data Center Market is segmented into Colocation, Hyperscale, Edge and Others.
• Based on Enterprise Size, Data Center Market is segmented into Supermarkets and Hypermarkets, Convenience, Store, Specialty Stores, Independent Small Grocery Stores, Online Sales, and Others.
• Based on End User, Data Center Market is segmented into BFSI, IT & Telecom, Government, Energy & Utilities and Others.
• By Region, the Data Center Market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.

Competitive Landscape & their strategies of Data Center Market:

The prominent players operating in the Data Center Market includes, Alphabet Inc., Amazon. Com Inc., Digital Realty, Equinix Inc., Hewlett Packard Enterprise, IBM Corporation, China Telicom, NTT Communication Corporation, Oracle and SAP SE.

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