Global Data Center Market is estimated to grow at a CAGR of 12.29% during the forecast period 2022-2030

MRFR Press Release/- Market Research Future published a half cooked research report on global data center market.

Market Highlights

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The global data center market is projected to witness a rapid growth during the forecast period. Increasing demands for data storage management and cloud technology are some major factors driving the growth of the market. Moreover, the gaining popularity of the community cloud technology further fuels market growth.  

The global data center market, by geography, is segmented into North America, Europe, Asia Pacific, and Rest of the World. As compared to other regions, Asia Pacific is expected to witness a significant growth during the forecast period. India and China are anticipated to drive the growth of the Asia Pacific data center market owing to the rapid growth in data and data intelligent devices. Due to the drastic fall in the usage of native applications and a considerable shift towards the adoption of mobile applications in the region, the market is likely to show immense growth in the coming future. North America has a well-established infrastructure, which allows a higher penetration of devices and ultimately provides better connectivity. Advancements in the technology and shift towards community cloud are other major factors responsible for the growth of the data center market.

In the global electronic cash register market, Asia Pacific is anticipated to witness a relatively faster adoption at the highest CAGR during the forecast period as compared to other regions owing to the growth in data and digital intelligent devices and digitization campaigns by the Indian government.  

The global data center market is projected to reach USD 520.41 billion at a CAGR of over 12.29% by the end of the forecast period 2022-2030.

Global Data Center Market Segmentation:

The global data center market is segmented on the basis of type, density, and vertical. The type segment is classified into corporate data centers and web hosting data centers. The corporate data center segment is expected to hold the major share of the market owing to the increasing demand for data storage management by large enterprises.

Some of the prominent players in the global data center market: Digital Realty Trust,Inc (U.S), IBM Corporation (U.S), Hitachi Ltd (Japan), Cisco System, Inc (U.S), Hewlett-Packard Inc (U.S), EMC Corporation(U.S),  CyrusOne (U.S), Global Switch (U.K), DuPont Fabros Technology(U.S) and Telehouse (U.K).

Market Research Analysis:

North America is estimated to account for the largest share of the market, whereas Asia Pacific market is projected to grow at the fastest rate during the forecast period. The Asia Pacific market is witnessing rapid growth due to growth in digital data and digital intelligent devices, which is further supplemented by digital India campaigns by the Indian government. The U.S. holds the majority of the market share both in terms of revenue as well as the adoption of mobile applications.