Data Center Market Analysis – Market Size, Growth, Trends, and Forecast

Data Center Market Size and Overview

The size of the global data center market will increase USD 97 billion between 2017-2022 between 2017-2022, accelerating at a CAGR of more than 10% during the forecast period. This growth in market size will be attributed to numerous factors including a rise in digitization among organizations and increased demand for cloud-based storage. Additionally, the growing interest in quantum computing is one of the key global data center market trends expected to gain traction through 2022 and positively impact the market. Developers are focusing on building a quantum computer at its highest capability to perform calculations that are thousands of times faster than modern supercomputers. Moreover, these computers consume less electricity which gives them an added advantage in the data center solutions market.

The data center market is witnessing strong growth in numerous major regions including the Americas, Europe, and Southeast Asia. For instance, the data center market in Europe will grow USD 25 billion by 2023, accelerating at a CAGR of more than 11%. The release of the GDPR act 2016/679 has encouraged many vendors to construct data centers in this region. GDPR is a regulation act in the EU law on data protection and privacy for all the individuals within Europe. Meanwhile, in Southeast Asia, the data center market is expected to grow at a CAGR of 14% between 2017-2021, exceeding USD billion in market size by the end of the forecast period. The growth of the data center market in Southeast Asia is attributed to the region's significant growth in terms of internet penetration and modern technologies.

As the number of data centers and data center investments continue to increase, this will subsequently drive the global data center power market. The number of data centers in developing countries has significantly increased in recent years and is driving the adoption of power management products in these countries. We forecast the global data center power market to grow at a CAGR of more than 12% between 2017-2021. Other insights provided within our data center market reports include:

Data Center Market Insights

The increasing demand for cloud-based storage is expected to be a primary factor that will boost the growth of the data center market size in the coming years. Cloud storage is considered to be a revolution in the storage market as it is an on-demand service provided by several firms such as Amazon.com, Facebook, and Google.

The rise in demand for mini data centers among small and medium-sized enterprises (SMEs) is will be an emerging data center market trend due its benefits like cost-effectiveness, flexibility, and scalability. Apart from SMEs, organizations in domains like retail, manufacturing, and banking, are also expected to adopt these data centers over traditional facilities.

In terms of geography, the Americas will account for the highest revenue share of this market due to the increase in technological innovations to meet the growing business demands. The data centers in the region, especially government agencies, are focusing on the consolidation of data center facilities to substantiate the increased OPEX and energy consumption.

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Data Center Market Share and Segmentation

Within our data center industry research, we provide deep insights into the market landscape, its segments, and their market share. Our research experts segment this market by data center tier standards, solutions, and services.

Our data center market segmentation research offerings include:

Data Center Tier Standards Market
- Tier 1 data center market
- Tier 2 data center market
- Tier 3 data center market
- Tier 4 data center market

Data Center Solutions Market
- Data center IT infrastructure market
  - Data center server market
  - Data center storage market
  - Data center network infrastructure market
- Data center electrical solutions market
  - Data center power distribution and measurement infrastructure market
  - Data center power backup infrastructure market
  - Data center cabling infrastructure market
- Data center mechanical solutions market
  - Data center air conditioning market
  - Data center racks market
  - Data center cooling market
    - Data center chillers market
    - Data center economizers market
    - Data center cooling tower market
    - Data center server cooling market
  - Data center management system market

Data Center Services Market
- Data center system integration services market
  - Data center installation services market
  - Data center security implementation services market
  - Data center automation market
  - Data center system integration services market
- Data center maintenance and support services market
  - Data center physical security market
  - Data center test and debug services market
  - Data center training services market
  - Data center project management services market
- Data center consulting services market
  - Data center network design consulting services market
  - Data center security consulting services market
  - Data center network analysis consulting services market
  - Data center process improvement consulting services market

We at Technavio, with our comprehensive understanding of the data center market, have been monitoring the latest industry trends and developments to create an in-depth portfolio of market research reports. These reports help our clients identify opportunities within the market and develop effective strategies to optimize their market positions. Our data center market reports offer the following insights:

Data center market overview
Data center market size
Data center market forecast
Data center market growth
Data center market share
Data center market trends
Data center market vendor landscape
Data center industry statistics

Data Center Market Size and Overview

Data Center Market Insights

Data Center Market Share and Segmentation

Data Center Market Research – Report Catalog

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