Data Center Market Research Report - Global Forecast to 2030

Data Center Market Research Report - Global Forecast to 2030

ID: MRFR/ICT/3299-HCR | February 2023 | Region: Global | 100 pages

COVID-19 Impact on Data Center Market

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The demand for data centers is on the rise during the national lockdown as professionals are now working remotely, and the use of technologies has now gone up. Thus, data centers are playing a critical and vital role in keeping all the businesses functional during this pandemic. The organizations’ work style is now evolving because of the need for ensuring increased productivity via cloud-based solutions and services. The companies are shifting towards digital infrastructure in order to save physical infrastructural costs, maximize employee efficiency, and increase output. The growing usage of cloud services and accelerated digitization have led to increased data traffic, which has further impacted the data center market. As per MRFR analysis, during this outbreak, an increase of more than 35% has been witnessed in data center capacity usage, which is likely to grow further in the coming months. This demand will continue to grow because the work pattern is highly data center driven. It has been noticed that sectors including BFSI, retail, IT & Telecom, E-commerce, entertainment, and OTT platforms, in particular, are generating more data traffic and hence resulting in the rapid growth of the data center market.

The data center providers have put their construction projects on hold and are serving the people working from home and the children for their virtual classes. Data center teams are ensuring that the consumers are getting sufficient connectivity by increasing network bandwidth. However, one of the largest data center operators, Equinix, has cut off its vendor access to areas across France, Spain, Italy, and Germany and is only allowing people access for crucial and essential work. Whereas, the company has not downsized in the parts of the US, such as New York and California, because these two cities are heavily hit by COVID-19, making them some of the world’s largest data center markets.

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