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Market Overview:
Data Center Market is accounted to register a CAGR of 12.29% during the forecast period and is estimated to reach USD 520.41 Billion by 2030.
According to analysts, this growth rate is considered a good rate to promote the growth of the Data Center Market globally. Modular data centre serves the needs of processing and storing large capacities of data. They are portable solutions. They are known to deliver huge power amounts without causing much carbon footprint. One of the reasons for the rise of this market is the recent popularity and rise in demand for green data centres. Data centres are an integral part of the IT industry which are made of three basic components: network, storage and computer. Modular data centres are data centres that are engineered and designed with intent to serve some specific needs.
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Dominant Key Players in Data Center Market Covered Are:
Alphabet Inc.
IBM Corporation
Hitachi Ltd
Cisco System Inc
Hewlett-Packard Inc
EMC Corporation
CyrusOne
Seagate Technology Holdings
DuPont Fabros Technology
NTT Communications Corporation
Data Center Market Report Scope:
| Parameter | Details |
| Revenue Forecast in 2030: | USD 520.41 Billion |
| Growth Rate: | CAGR of 12.29% from 2022 to 2030 |
| Forecast Period: | 2022 -2030 |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
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Data Center Market Segmentation:
The market can be segmented on various grounds. These include segmentation on the grounds of data centre market size, tier type, component and end user.
It has been noted that on the segmentation based on End Users, the segment of Information technology and telecom has had the largest market share followed by BFSI, Government, Others, Healthcare and lastly by Media & Entertainment, in order. In the forecast period, the IT and telecom is expected to continue flourishing and dominating the market shares.
Regional Classification:
The modular data center market can also be divided into regional segments. These segments include, Asia Pacific or APAC, Europe, Middle East & Africa, Latin America and North America. Out of these regional segments, the dominating regional segment of the data center market has been North America and is predicted to continue to dominate the share distribution in the forecast period of 2020 to 2030. The Asia Pacific region has also been noted to hold a significant position in the market. The growth in these regions can be attributed to the new and rising demand of green data centres and the increase in government investments and investments by the key players. The APAC is expected to grow at the fastest rate among these regional segments.
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Industry News:
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