The Data Center Market size is projected to post an incremental growth of USD 615.96 billion, accelerating at a CAGR of 21.98% till 2025. The rise in the adoption of multi-cloud and network upgrades to support 5G will increase the data center market growth during the forecast period. Technavio's research report delineates the growth drivers that will boost market growth along with a detailed analysis of the market segments, trends, and challenges that are likely to impact market growth.
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Enterprises are embracing multi-cloud architecture that offers various benefits such as preventing data loss or downtime, ensuring security compliances, and meeting workload requirements. The demand for 5G networks is increasing globally which in turn drives the demand for upgrades of existing data center network infrastructure. Therefore the rise in the adoption of multi-cloud and network upgrades to support 5G will increase the data center market value
The rise in the adoption of edge computing is another major factor that influences the data center market share. However, Cybersecurity issues will be a major challenge for the global data center market growth.
In addition to market drivers, our research report also studies the latest trends and challenges that are likely to influence growth in the current market scenario. The data center market analysis is designed to empower clients with actionable insights that will help them leverage growth opportunities and formulate winning strategies to drive their business further.
Data Center Market is segmented as below:
North America will have lucrative growth during the forecast period. About 35% of the market’s overall growth is expected to originate from North America. Factors such as the rising adoption of edge computing will significantly influence the data center market growth in this region. The growth of the market will be significant in the IT infrastructure segment owing to the increase in demand for computing power and storage to support the growth in global data traffic.
The market is fragmented due to the presence of several players. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions.
Alphabet Inc., Amazon.com Inc., Cisco Systems Inc., Equinix Inc., Microsoft Corp., NTT DATA Corp., Oracle Corp., SAP SE, Huawei Investment & Holding Co. Ltd., and International Business Machines Corp. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.
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