Data Center Market Research Report by Forecast to 2023
Pune, India -- (SBWIRE) -- 04/19/2018 -- Market Highlights:
The global Data Center Market has been segmented on the basis of type, density, and vertical. The type segment is classified into corporate data centers and web hosting data centers. The corporate data center segment is expected to hold the major share of the market owing to the increasing demand for data storage management by large enterprises.
The global data center market, by geography, is segmented into North America, Europe, Asia Pacific, and Rest of the World. As compared to other regions, Asia Pacific is expected to witness a significant growth during the forecast period. India and China are anticipated to drive the growth of the Asia Pacific data center market owing to the rapid growth in data and data intelligent devices. Due to the drastic fall in the usage of native applications and a considerable shift towards the adoption of mobile applications in the region, the market is likely to show immense growth in the coming future. North America has a well-established infrastructure, which allows a higher penetration of devices and ultimately provides better connectivity. Advancements in the technology and shift towards community cloud are other major factors responsible for the growth of the data center market.Increasing demand for data storage management and cloud technology are major factors driving the growth of the global data center market. However, high initial cost of investment may hinder the market growth over the review period. The gaining popularity of the community cloud technology is expected to create lucrative opportunities for the market.
The North American region holds the largest share of the global market followed by Europe, and Asia Pacific regions. The U.S. and Canada are dominating the North American market due to rising technological enhancements and increasing popularity community cloud in the region. The region also has a well-established infrastructure, which allows faster implementation of advanced technologies. Additionally, rising investment in the data centers in the U.S. is another major factor driving the growth of data center market in the region.
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Major Key Players:
- Digital Realty Trust, Inc. (U.S)
- IBM Corporation (U.S)
- Hitachi Ltd (Japan)
- Cisco System, Inc. (U.S)
- Hewlett-Packard Inc. (U.S)
- EMC Corporation(U.S)
- CyrusOne (U.S)
- Global Switch (U.K)
- DuPont Fabros Technology(U.S)
- Telehouse (U.K)
The global Data Center Market is expected to grow at a CAGR of approximately 11% during the forecast period 2017-2023.
Market Research Analysis:
North America is estimated to account for the largest share of the market, whereas Asia Pacific market is projected to grow at the fastest rate during the forecast period.
The Asia Pacific market is witnessing rapid growth due to growth in digital data and digital intelligent devices, which is further supplemented by digital India campaigns by the Indian government. The U.S. holds the majority of the market share both in terms of revenue as well as the adoption of mobile applications.
The global data center market is studied in Asia Pacific, North America, Europe, and Rest of the World. North America is estimated to account for the largest share of the market, whereas Asia Pacific is projected to grow at the fastest rate during the forecast period. The North American market growth is attributed to rising investments in data centers and gaining importance of community cloud systems.
Global Data Center Market Segmentation:
The global data center market is segmented on the basis of type, density, and vertical. The type segment is classified into corporate data centers and web hosting data centers. The corporate data center segment is expected to hold the major share of the market owing to the increasing demand for data storage management by large enterprises.
The global data center market is segmented by type, density, and vertical. Based on the type, the market is segmented into corporate data centers and web hosting data centers.
Based on the density, the market is segmented into low, medium, high, and extreme. The vertical segment includes banking & financial services, telecom and IT, government, healthcare, and others.
- Technology Investors
- Research/Consultancy firms
- Technology Solution Providers
- Government Bodies
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Table of Contents:
1 Market Introduction
1.2 Scope of Study
1.2.1 Research Objective
1.3 Market Structure
List of Tables:
Table 1 Data Center Market, By Component
Table 2 Data Center Market, By Technology
List of Figures:
Figure 1 Research Component
Figure 2 Data Center Market, By Component (%)
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