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Data centers are facilities comprising of network computers as well as storage devices, which enterprises utilize for storing, organizing, processing and disseminating huge volumes of data. Data centers host critical systems of a network, which are important for daily operations of enterprise or other organizations. Data centers contain IT equipment such as cables, servers, firewalls, storage sub-systems, routers, networking switches and physical racks for organizing as well as interconnecting IT equipment among others. Data centers essentially require infrastructure for power distribution, backup power systems, cooling systems, telecommunication connectivity, and ventilation. Data centers find applications in sectors such as banking, financial institutions, government, healthcare, ITES and retail among others.
Data Centers Market: Drivers and Restraints
The increasing adoption of cloud computing, digitization, and virtualization by major enterprises globally drive the growth of the global data centers industry. Increasing global IP traffic due to the improving broadband and other internet mediums and the growing usage of social media as well as content-based online media services are driving the growth of the data centers industry. An increase in usage of mobile data and increasing applications of 4g are driving telecom operators to acquire more data center services. Economies of scale and a growing number of applications in various industries drive the growth of demand for mega data centers. Increasing colocation services, growing cloud services, cost saving, and demand for data consolidation are major factors that drive the growth of cloud-based data centers. Growing demand for analytics services is driving the growth of the data centers market, as companies have a huge pile of data for analysis. Outsourcing of data centers by enterprises for cost savings are driving the growth of the market, as more data centers are built in developing countries to serve the demand. As more network-based applications are under research, the evolution of the internet of things is anticipated to drive the growth of the global data centers market in the near future.
The presence of Alibaba, Amazon Inc., Apple Inc., Facebook, Google, and IBM make global data centers market highly competitive. Huge investments in research & development for new technologies, acquisitions & mergers for consolidation, adoption of software-defined technologies, and upgradation of legacy data centers characterize the data centers market.
Data Centers Market: Regional Analysis
Among geographies, North America dominates the global data centers industry with more than 30% share, followed by Europe. The presence of a large number of global service providers, early adoption of technology, and the growing number of installations are the major factors that drive the growth of the North American data centers industry. Increasing demand for data centers from enterprises for integrating cloud services in France, Germany, Holland, and The UK drive the European data centers industry. Moreover, the need for renovation or up-gradation of existing data centers enhances the growth of the European market. Asia-Pacific is anticipated to be the fastest growing market in terms of CAGR during the forecast period. Increasing demand for new technologies for data analytics, mobile analytics, and cloud services drive the growth of the Asia-Pacific data centers industry. Moreover, the demand for data centers from business enterprises, governments, and telecommunication companies, along with the increasing capacity building by major local and International data centers service providers further enhance the growth of the Asia-Pacific market.
Data Centers Market: Major Key Players
The report provides profiles of the companies in the market such as Apple Inc., Alibaba Group Holding Limited, Amazon Web Services, Inc., Equinix, Inc., Cisco Systems, Inc., Digital Realty Trust, Inc., Lenovo Group Ltd., IBM Corporation, Hewlett Packard Enterprise Development LP, Facebook, Inc., Google LLC, Microsoft Corporation, and Other companies.
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