Data Center Market Size to Reach Revenues of over USD 251 Billion by 2026 - Arizton

Data Center Market Size to Reach Revenues of over USD 251 Billion by 2026 - Arizton

PR Newswire

CHICAGO, Feb. 1, 2021

CHICAGO, Feb. 1, 2021 /PRNewswire/ -- In-depth analysis and data-driven insights on the impact of COVID-19 included in this global data center market report.

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The global data center market is expected to grow at a CAGR of around 4.5% during the period 2020−2026.

Key Highlights Offered in the Report:  

  1. Increased internet traffic between 25% and 30%, and adoption of cloud among enterprises owing to the COVID-19 pandemic has led to a strong growth in demand for data center services worldwide.
  2. Colocation uptake led to multiple new announcements on data center development in 2020. In 2020, the total number of colocation projects opened and under construction stood at over 370 data center facilities.
  3. There is increased development of hyperscale data centers as well as significant contributions from Facebook, Digital Realty, Equinix, Google, GDS Services, Apple, and COPT Data Center Solutions.
  4. North America led the data center market across the world, with a contribution of over 40% of the overall investment across the globe in 2020.
  5. Renewable energy solutions are increasingly being adopted across data centers, owing to increasing concerns over carbon emissions.

Key Offerings:

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Data Center Market – Segmentation

Data Center Market by Infrastructure 

Data Center Market by IT Infrastructure 

Data Center Market by Electrical Infrastructure 

Data Center Market by Mechanical Infrastructure

Data Center Market by Cooling Technique 

Data Center Market by General Construction  

Data Center Market by Tier Standards 

Data Center Market – Dynamics

The majority of data centers are mostly restricted to urban locations and prominent sites such as Texas, New York, Virginia, London, Stockholm, Frankfurt, Paris, Dubai, Mumbai, Osaka, Sydney, Melbourne, and Auckland. In recent years, these locations have attracted considerable investments, and more data centers are planned for 2020 and 2021. Because of the increasing usage of connected devices across businesses and consumers, the concept of edge computing is gaining traction in the market. This has led to huge demand for high bandwidth internet in many rural areas, thereby driving the need for data centers to process information on par with major cities. Edge data centers will create a decentralized model of data centers, where multiple edge data centers will be connected to a centralized hyperscale facility.

Key Drivers and Trends fueling Market Growth:

Data Center Market – Geography

In North America, organizations are currently building high-performance-computing data centers to continue to innovate in the field of IoT, artificial intelligence, and connected reality. This region is one of the leading markets for cloud computing, big data, and IoT technologies. The digital economy in the US grows 10% year-over-year. The market is the largest in the world in terms of IT infrastructure spending and supports infrastructure investments. E-commerce, real estate, BFSI, healthcare, and government sectors are the major contributors to digitalization in the region. The market has witnessed new developments and expansion of around 145 data center facilities in 2020, of which over 130 data center facilities are in the US, and around 13 data center projects are in Canada.

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Data Center Market by Geography

Major Vendors

Key Data Center Critical (IT) Infrastructure Providers

Key Data Center Support Infrastructure Providers

Key Data Center Contractors

Key Data Center Investors

Other Prominent Critical (IT) Infrastructure Providers

Other Prominent Data Center Support Infrastructure Providers

Other Prominent Data Center Contractors

Other Prominent Data Center Investors

Explore our data center knowledge base profile to know more about the industry.

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About Arizton:

Arizton Advisory and Intelligence is an innovation and quality-driven firm, which offers cutting-edge research solutions to clients across the world. We excel in providing comprehensive market intelligence reports and advisory and consulting services.

We offer comprehensive market research reports on industries such as consumer goods & retail technology, automotive and mobility, smart tech, healthcare, and life sciences, industrial machinery, chemicals and materials, IT and media, logistics and packaging. These reports contain detailed industry analysis, market size, share, growth drivers, and trend forecasts.

Arizton comprises a team of exuberant and well-experienced analysts who have mastered in generating incisive reports. Our specialist analysts possess exemplary skills in market research. We train our team in advanced research practices, techniques, and ethics to outperform in fabricating impregnable research reports.

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