Data center market size to increase by USD 615.96 billion between 2021 and 2026; Increasing adoption of edge computing identified as a key trend - Technavio
The increasing adoption of edge computing is identified as the key trend in the market.
NEW YORK, March 16, 2023 /PRNewswire/ -- The data center market size is forecast to grow by USD 615.96 billion between 2021 and 2026, and the growth momentum will be accelerating at a CAGR of 21.98% during the forecast period. The increasing adoption of edge computing is identified as the key trend in the market. Edge computing reduces latency and improves service performance as the stored content is close to the client machine. The technology was initially implemented by SMEs. However, the growing demand for efficient and secure data management has also increased its implementation in large enterprises. The increasing popularity of this technology has encouraged many vendors to develop new edge computing platforms to help clients with their data management capabilities. All these factors are positively influencing the growth of the market. For more insights on the market size (2022 to 2026) – Request a report sample
Regional Analysis
By region, the global data center market is segmented into North America, APAC, Europe, South America, and MEA. North America will account for 35% of market growth during the forecast period. The increasing adoption of cloud services by enterprises across the US and Canada is driving the growth of the data center market in North America.
Company Profiles
The data center market report includes information on the key products and recent developments of leading vendors, including:
- Alphabet Inc. - The company offers high-performing, secure, reliable, and efficient data centers throughout the world through its subsidiary Google.
- Amazon.com Inc. - The company offers data centers through its subsidiary Amazon Web Services.
- Cisco Systems Inc. - The company offers data centers namely Cisco Data Center for networking and computing.
- Equinix Inc. - The company offers data centers with real time, online infrastructure monitoring, flexible power and usage solutions, and secure on-site deployment.
Market Dynamics
The growth of the market is driven by factors such as the rise in adoption of multi-cloud and network upgrades to support 5G, demand planning and expansion by hyperscalers, and the growing demand among SMEs. However, cybersecurity issues will hinder the growth of the market.
Competitive Analysis
The competitive scenario categorizes companies based on various performance indicators. Some of the factors considered include the financial performance of companies over the past few years, growth strategies, product innovations, new product launches, investments, and growth in market share among others. Request a Sample
Market Segmentation
- By component, the market is segmented into IT infrastructure, power management systems, mechanical construction, general construction, and security solutions.
- By geography, the market is segmented into North America, APAC, Europe, South America, and MEA.
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Related Reports:
- The data center maintenance and support services market size growth is expected to progress at a CAGR of 12.04% and is estimated at USD 7.69 billion from 2021 to 2026. The rise in data center spending is notably driving the data center maintenance and support services market growth, although factors such as data security concerns and increasing cyber threat may impede market growth.
- The data center server market is estimated to grow at a CAGR of 15.27% between 2022 and 2027. The size of the market is forecast to increase by USD 115 billion. The investments in scaling up in-house data centers are notably driving the data center server market growth, although factors such as server workload optimization may impede the market growth.
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What are the key data covered in this data center market report
- CAGR of the market during the forecast period.
- Detailed information on factors that will drive the growth of the market between 2022 and 2026
- Precise estimation of the size of the data center market and its contribution to the parent market.
- Accurate predictions about upcoming trends and changes in consumer behavior.
- Growth of the market across North America, APAC, Europe, South America, and MEA.
- A thorough analysis of the market's competitive landscape and detailed information about vendors.
- Comprehensive analysis of factors that will challenge the growth of data center market vendors.
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Data Center Market Scope |
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Report Coverage |
Details |
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Base year |
2021 |
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Forecast period |
2022-2026 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 21.98% |
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Market growth 2022-2026 |
USD 615.96 billion |
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Market structure |
Fragmented |
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YoY growth 2022-2023 (%) |
20.22 |
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Regional analysis |
North America, APAC, Europe, South America, and MEA |
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Performing market contribution |
North America at 35% |
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Key countries |
US, China, UK, Australia, and Japan |
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Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
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Key companies profiled |
Alphabet Inc., Amazon.com Inc., Cisco Systems Inc., DXC Technology Co., Equinix Inc., Huawei Investment and Holding Co. Ltd., International Business Machines Corp., Microsoft Corp., Oracle Corp., and SAP SE |
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Market dynamics |
Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and market condition analysis for the forecast period. |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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Table of contents:
1. Executive Summary
2. Market Landscape
3. Market Sizing
4. Five Forces Analysis
5. Market Segmentation by Component
6. Customer landscape
7. Geographic landscape
8. Drivers, Challenges, and Trends
9. Vendor Landscape
10. Vendor Analysis
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