Mega Data Center Market

A dedicated space inside a building used to house different devices of computer systems and components associated with it such as storage systems and telecommunications is known as a data center. A single facility that contains more than 15,000 servers and is spread across a large area is known as a mega data center. The power of these data centers can range from 10 megawatts(MW)up to 100MW. The demand for mega data centers is increasing because of their functions such as ability to transfer a large amount of data, high computing capacity, storage capacity, and bandwidth. Additionally, it is cost-effective, more reliable and secure, highly scalable and also has less effect on the environment. A data center provides services such as storage, management, backup, and recovery of data. Additionally, it provides power for online gaming communities, transactions for high volume and also supports advanced technology such as big data, artificial intelligence, and machine learning. Because of these reasons, many businesses and governments have started maintaining their own data centers or accessing a third party such as Amazon, and Google using cloud based storage or even renting their server.

COVID-19 Scenario Analysis:

• The emergence of COVID-19 has highly affected the health of the people as well as the global economy. Lockdown and restrictions have caused many industries to shut down their operation and manufacturing processes thereby disrupting their supply chain.
• However, the benefits of cloud services and the need for providing a secure and robust IT environment have increased the demand for implementing data centers.
• During the pandemic period, companies have changed their traditional methods and priority to increase their remote and mobile working support, automate their business process, and improve cyber security.
• Therefore, as IT budget and corporate preferences are changing data centers propositions for these organizations are becoming more attractive, thereby increasing the market growth of mega data centers during the pandemic period.

Top Impacting Factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis

As advances in technology are increasing so is the need for data and power. For many organizations, data centers act as the powerhouse. A typical data center provides better security than any traditional method. As the data generation and their traffic are increased, the need for data storage is also increasing. Therefore, many companies and governments have started maintaining and building their own data centers not only at one location but several different locations. This is one of the factors that is driving the market growth of mega data centers. Additionally, organizations can avail local benefits such as tax concession, low energy prices, availability of other energy alternatives by building and maintaining data centers to maximize their profits. Furthermore, with help of mega data centers organizations can access large amounts of internet and industrial internet data at high speed and bandwidth. Moreover, mega data centers provide organizations with advantages such as high storage volume, high computing abilities and assist organizations with their large-scale data transmission processes. These factors are driving the mega data center market growth. However, the initial investment cost for implementing mega data centers and the low availability of resources are some of the factors that can restrain the mega data center market growth. However, not only the IT industries are using data centers but other sectors are also using data centers. For instance, the largest amount of data generated nowadays is in the banking and finance sectors. The banking industry uses data to not only store and manage customers' records but also for remote banking services such as online banking, self-inquiry. Additionally, it is also building private cloud systems for storage, networks, and server capacity to support ATMs and online transactions. Therefore, many banks have started adopting and investing in their own data centers.

Key Benefits of the Report:

• This study presents the analytical depiction of the mega data center industry along with the current trends and future estimations to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and opportunities along with a detailed analysis of the mega data center market share.
• The current market is quantitatively analyzed to highlight the mega data center market growth scenario.
• Porter’s five forces analysis illustrates the potency of buyers & suppliers in the mega data center market. 
• The report provides a detailed mega data center market analysis based on competitive intensity and how the competition will take shape in the coming years

Questions Answered in the Mega Data Center Market Research Report:

• Which are the leading market players active in the mega data center market?
• What are the detailed impacts of COVID-19 on the mega data center market?
• What are the current trends that will influence the mega data center market in the next few years?
• What are the driving factors, restraints, and opportunities in the mega data center market?
• What are the projections for the future that would help in taking further strategic steps?

 Mega Data Center Market Report Highlights