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2021

Data Center Market

Data Center Market Size, Share, Competitive Landscape and Trend Analysis Report by Component, Type, Enterprise Size and End User : Global Opportunity Analysis and Industry Forecast, 2021-2030

IC : High Tech, Enterprise & Consumer IT

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Author's: Kanhaiya Kathoke| Himanshu Jangra | Onkar Sumant
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Data Center Market Statistics: 2030

The global data center market Size was valued at $187.35 billion in 2020, and is projected to reach $517.17 billion by 2030, registering a CAGR of 10.5% from 2021 to 2030. Datacenter physical facility in an enterprise designed to share IT operations and equipment’s to store, process, and disseminating data and applications. Further, the data center in an enterprise based on a network of computer applications and storage solutions intended to share information and data. The shift in traditional on-premises physical servers to the virtual network-based data center, owing to the advancement in multi-cloud computing, is driving the growth of data centers globally. The modern data center in an enterprise can communicate with multiple sites, both cloud computing and on-premises. 

Furthermore, modern data centers might extend outside of a physical infrastructure using public or a private cloud computing solution to enhance their storage and operations. In addition, virtualized data centers are designed to use the server in a remote location where large workload operations are performed. 

Data-Center-Market-2020-2030

The data center market is expected to witness notable growth during the forecast period, owing to rise in data center complexities due to scalability. Furthermore, rise in penetration of high-end cloud computing in enterprises, globally in developing economies drives the growth of the  market during the forecast period. Moreover, increase in the investment in data center application globally is expected to propel the data center market growth.

However, rise in concerns related to data privacy paired with growing demand for managed services is expected to restrain the market growth. Further, increase in penetration of Internet of Things and hybrid & multi cloud architecture solutions is expected to provide lucrative opportunity for the growth of the data center market during the forecast period.

Impact of Covid-19 

The emergence of COVID-19 has significantly affected the growth of market in 2020. However, surge in demand from cloud computing network solutions is acting as a prime factor hampering the market growth. Further, the data center market was primarily hit by several obstacles, including lack of availability of a professional workforce due to practical and complete lockdown. Moreover, surge in data center adoption across healthcare, government, and BFSI sectors is assumed to drive the data center industry during the post-pandemic period.

Data Center Market
By Component
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Service is projected as one of the most lucrative segments.

The data center market is segmented on the basis of component, type, enterprise size, end user and region. On the basis of component, the market is bifurcated into solution and services. Based on type, the market is fragmented into colocation, hyperscale, edge, and others. By enterprise size, it is divided into large enterprises and small & medium enterprises (SMEs). On the basis of end user, the market is segregated into BFSI, IT & telecom, government, energy & utilities, and others. Region wise, the market is analysed across North America, Europe, Asia-Pacific, and LAMEA. 

The report analyses top data center companies operating in the market such as Alphabet Inc., Amazon.com Inc., Digital Realty, Equinix Inc., Hewlett Packard Enterprise, IBM Corporation, Microsoft , NTT Communication Corporation, Oracle, and SAP SE. These players have adopted various strategies to increase their market penetration and strengthen their position in the data center industry.  

Data Center Market
By Industry Vertical
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Large Enterprises is projected as one of the most significant segments.

Top Impacting Factors

Significant factors that impact the growth of the global data center industry include surge in penetration of high-end cloud computing in enterprises coupled with rise in data center complexities due to scalability.

However, rise in concerns related to data privacy and growing demand for managed services is acting as a major barrier for early adoption, which hampers the growth of the market. On the contrary, surge in the expenditure on data center technology and rise in adoption of multi-cloud and network upgrade to support 5G technology is anticipated to provide remunerative opportunities for the expansion of the data center market during the forecast period.

Data Center Market
By Region
2030
Asia-pacific 
North America
Europe
LAMEA

Asia-Pacific region is projected as one of the most significant segments.

Key Benefits for Stakeholders

  • This study comprises analytical depiction of the data center market size along with the current trends and future estimations to depict the imminent investment pockets.
  • The overall data center market analysis is determined to understand the profitable trends to gain a stronger foothold.
  • The report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.
  • The current data center market forecast is quantitatively analyzed from 2021 to 2030 to benchmark the financial competency.
  • Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the smart display.
  • The report includes the market share of key vendors and data center market trends.

Data Center Market Report Highlights

Aspects Details
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By Component
  • Solution
  • Services
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By Type
  • Colocation
  • Hyperscale
  • Edge
  • Others
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By Enterprise Size
  • Large Enterprises
  • Small & Medium Enterprises (SMEs)
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By End User
  • BFSI
  • IT & Telecom
  • Government
  • Energy & Utilities
  • Others
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By Region
  • North America  (U.S., Canada, Mexico)
  • Europe  (France, Germany, Italy, Spain, UK, Russia, Rest of Europe)
  • Asia-Pacific  (China, Japan, India, South Korea, Australia, Thailand, Malaysia, Indonesia, Rest of Asia-Pacific)
  • LAMEA  (Brazil, South Africa, Saudi Arabia, UAE, Argentina, Rest of LAMEA)
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Key Market Players

Microsoft, IBM Corporation, Digital Realty, NTT Communication Corporation, Equinix Inc., SAP SE, Hewlett Packard Enterprise, Oracle, Amazon.com Inc., Alphabet Inc.

Analyst Review

Modern enterprises globally have been continually adopting cloud computing solutions in almost all business aspects, including information storage, accounting, business communication, and daily business functions. A data center is a centralized physical facility that makes enterprise computing possible. Further, the rise in virtual infrastructure across prime enterprises is driving the need for build-in server rooms or data centers for virtualized networks; therefore, forecast to offers lucrative growth opportunities for the market growth. Furthermore, the data center is considered central to an enterprise’s IT operations, where most business data is processed, stored, and disseminated to users. In addition, the rise in demand for digitization across enterprises in emerging economies is expected to offer profitable opportunities for the data center market.

The global data center market is highly competitive, owing to the strong presence of existing vendors. Data center vendors, who have access to extensive technical and financial resources, are anticipated to gain a competitive edge over their rivals, as they have the capacity to cater to the market requirements. The competitive environment in this market is expected to further intensify with increase in technological innovations, product extensions, and different strategies adopted by key vendors.

Rise in growth of demand for hybrid cloud infrastructure globally are driving the need for next generation to enhance data center technology. Moreover, prime economics, such as Germany and Japan, plan to developing and deploying next-generation data center across various sectors. For instance, according to new data from Synergy Research Group, the three largest public cloud vendors in the world Amazon, Microsoft, and Google collectively, accounted for more than 50 % of the world's largest data centers, which is anticipated to provide lucrative opportunities for market growth.

Among the analyzed geographical regions, North America exhibits the highest adoption of data center and has been experiencing massive expansion of the market. On the other hand, Asia-Pacific is expected to grow at a faster pace, predicting lucrative growth due to emerging countries such as China, Japan, and India investing in these technologies. Regions such as Middle East and Africa are also expected to provide new opportunities in the data center market in the future. 

Author Name(s) : Kanhaiya Kathoke| Himanshu Jangra | Onkar Sumant

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Data Center Market

Global Opportunity Analysis and Industry Forecast, 2021-2030