Data Center Market Expected to Reach USD 517.17 Billion by 2030 | Top Players such as – Alphabet, Amazon & Equinix

Rise in adoption of multi-cloud and network upgrades to support 5G the demand planning and expansion by hyper scalers and the growing demand among SMEs.

PORTLAND, PORTLAND, OR, UNITED STATE, September 27, 2023 /EINPresswire.com/ — Allied Market Research published a new report, titled, ” The Data Center Market Expected to Reach USD 517.17 Billion by 2030 | Top Players such as – Alphabet, Amazon & Equinix.” The report offers an extensive analysis of key growth strategies, drivers, opportunities, key segment, Porter’s Five Forces analysis, and competitive landscape. This study is a helpful source of information for market players, investors, VPs, stakeholders, and new entrants to gain thorough understanding of the industry and determine steps to be taken to gain competitive advantage.

The global data center market was valued at USD 187.35 billion in 2020, and is projected to reach USD 517.17 billion by 2030, registering a CAGR of 10.5% from 2021 to 2030.

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Rise in penetration of high-end cloud computing in enterprises and increase in investment in data center applications across the globe drive the growth of the global data center market. On the other hand, surge in concerns related to data privacy paired with growing demand for managed services impede the growth to some extent. However, increase in penetration of Internet of Things and hybrid & multi cloud architecture solutions are expected to pave the way for lucrative opportunities in the industry.

The data center market is segmented on the basis of component, type, enterprise size, end user and region. On the basis of component, the market is bifurcated into solution and services. Based on type, the market is fragmented into colocation, hyperscale, edge, and others. By enterprise size, it is divided into large enterprises and small & medium enterprises (SMEs). On the basis of end user, the market is segregated into BFSI, IT & telecom, government, energy & utilities, and others. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

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By component, the solution segment contributed to the major share in 2020, accounting for more than three-fourths of the global data center market. However, the services segment is projected to cite the fastest CAGR of 12.4% throughout the forecast period.

By type, the hyperscale segment held the highest market share in terms of revenue, garnering more than two-fifths of the global data center market. Simultaneously, the edge segment is estimated to exhibit the fastest CAGR of 13.1% throughout the forecast period.

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By region, North America accounted for the highest share in 2020, generating nearly two-fifths of the global data center market revenue, and is expected to dominate by 2030. On the other hand, the Asia-Pacific region is expected to witness the fastest CAGR of 14.7% throughout the forecast period.

Leading players in the global data center market analyzed in the report include Equinix Inc., Alphabet Inc., NTT Communication Corporation, SAP SE, Hewlett Packard Enterprise, Oracle, IBM Corporation, Amazon.com Inc., Digital Realty, and Microsoft.

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Impact of COVID-19 on Data Center Market

● Surge in demand from cloud computing network solutions, during the pandemic, impacted the global data center market negatively.

● However, increase in dependency on data center across healthcare, government, and BFSI sectors has driven the market positively, thereby providing the market with a mixed impact.

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Lastly, this report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

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Allied Market Research (AMR) is a market research and business-consulting firm of Allied Analytics LLP, based in Portland, Oregon. AMR offers market research reports, business solutions, consulting services, and insights on markets across 11 industry verticals. Adopting extensive research methodologies, AMR is instrumental in helping its clients to make strategic business decisions and achieve sustainable growth in their market domains. We are equipped with skilled analysts and experts and have a wide experience of working with many Fortune 500 companies and small & medium enterprises.

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