Data Center Market
Outlook, Growth Factors, Industry Share, and Size By 2032
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Data Center Market
Outlook, Growth Factors, Industry Share, Size By 2032 The data center market is a vital sector that continues to experience substantial growth due to increasing demands for digital services, cloud computing, and data storage solutions across various industries. In recent years, the data center market has seen consistent expansion driven by escalating data generation, propelled by the proliferation of IoT devices, online services, and digital transformation initiatives across businesses worldwide. This surge in data creation has spurred the need for secure, efficient, and scalable data storage facilities, fueling the growth of the data center market. The emergence of edge computing, which processes data closer to the source to minimize latency and improve real-time applications, is one of the major trends influencing this sector.
According to Straits Research, the global Data Center Market achieved a valuation of USD 196.9 Billion in 2023. It is projected to exhibit steady growth, reaching USD 464.6 Billion by 2032, with a compound annual growth rate (CAGR) of 10.3% during the forecast period (2024– 2032).
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Data Center Market $464.6
CAGR 10.3%
USD Billion
$196.9
USD Billion
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2023
2032
Data Center Market Main Market Players Covered in This Report: ü AT&T Intellectual Property ü Lumen Technologies (CenturyLink) ü China Telecom Americas, Inc. ü CoreSite ü CyrusOne
A Summary of the Impact of COVID19 on this Market: The appearance of COVID-19 has transported the globe to a halt. We understand that this health disaster has brought an unprecedented impact on businesses across industries. However, this too shall pass. Growing support from governments
ü Digital Realty
and various companies can benefit in the fight
ü Equinix, Inc.
against this highly transmissible disease. There
ü Google Cloud
are some businesses that are struggling and some
ü IBM ü Microsoft
are thriving. General, almost every sector is anticipated to be stuck by the pandemic
Data Center Market The Data Center Market has been segmented as below: ü By Data Center Type •
Edge
•
Colocation
•
On-Premise
•
Hyperscale
ü By Data Center Design •
Traditional
•
Modular
•
Containerized
We are taking nonstop efforts to help your business sustain and cultivate during COVID-19 pandemics. Based on our knowledge and expertise, we will provide you an impact analysis of coronavirus outbreaks across businesses to help you prepare for the future. Thanks for reading this article; you can also get distinct chapter-wise sections or region-wise report versions like Asia, US, Europe, Africa, etc.
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