Data Center Market by Type and By Region – Global Opportunities & Forecast, 2020-2027

 


Global Data Center Market

The GMI Research report asserts that the Data Center Market will aggrandise over the forecast period. This is because of the evolving need of data centers to comply with the specified safety needs.

Request a free sample of Global Data Center Market

Data Center Market Dynamics

The increasing deployment of cloud-based services across the nation is the most crucial force stimulating the growth of the global data center market. A remarkable portion of income is expected to be produced by the server systems and network & storage infrastructure. Further, the evolving need for safety, dependability, and extensibility in the IT infrastructure is propelling the market growth. The technological environment has evolved remarkably with the increase n data rates and the evaluating power of switches and servers. Data centers are largely using optical fiber-based cost-efficient interconnects that cater for the energy, cost, and transmission needs. The data centers are constantly launching their architecture and optical communication to endeavour for strong, and better performing approaches in order to maximize their operations. Also, edge computing has immensely contributed to the growth of data center market. Edge computing is a leading technology in the IT industry. The model primarily depends on data processing as near as it can to where the data is cumulated rather than a central server; thus, this thereby increases speed and decreases the latency. However, factors such as excessive maintenance and set up costs with insufficient control will restrain the data center market size.

Regional Drivers

Based on the regional analysis, the North American region is projected to lead the overall data center market with the highest CAGR during the coming years. This is because of accelerating number of data centers and the accessibility of safe, latest, and diverse solutions. Further, as per the data center market research report, the Asia-Pacific region is anticipated to witness a higher growth over the forecast period. This is attributed to the increasing amount of data center traffic in India, China, and Australia. Also, the increasing population, rapid globalization, and economic introduction will strengthen the market growth.

About GMI Research

GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.

Media Contact
Company Name: GMI RESEARCH
Contact Person: Sarah Nash
Email: enquiry@gmiresearch.com
Phone: Europe – +353 1 442 8820; US – +1 860 881 2270
Address: Dublin, Ireland
Website: www.gmiresearch.com

For more info:

In-Game Advertising Market

Post Production Market

Global Cyber Security Insurance Market

Mobile Game Market

Data Center Market

LMS Market

Comments

Post a Comment

Popular posts from this blog

Managed Print Services Market Size, Share, & Growth Analysis - 2020-2027

Image
  Managed Print Services Market The Managed Print Services Market is estimated to reach USD 70 billion by 2027, growing at a CAGR of 8.2% over the forecast period (2020-2027). The factors driving the growth of Managed Print Services Market includes digital transformation across the industry verticals such as Banking, Financial Services, and Insurance (BFSI), Healthcare and Telecommunication, emerging need to reduce paper wastage and growing trend of Bring Your-Own Device (BYOD). According to the report published by Environmental Paper Network, the consumption of paper worldwide has drastically increased by 400% over the last four decades, on an average a citizen in the United States uses more than 700 pounds of paper every year, which will boost the Managed Print Services Market Growth in the approaching years. Moreover, the growing adoption of Cloud Computing and Big Data Analytics by the major organizations, increasing investments by the leading players on research and development
Read more

Crypto Asset Management Market size, share & Trends Forecast 2028

Image
  The Crypto Asset Management Market was estimated around USD 315 million in 2020 and is predicted to grow at a CAGR of 21.1%, over the forecast period (2021-2028). The factors driving growth of the market includes rise in the number of institutional investors and wealth managers investing first time in crypto currency, surge in the volumes of online transactions around the world, emerging need to secure cryptocurrency assets, Government initiatives promoting digitalization and improvements in the living standards. Cryptocurrency asset management platforms allow investors to manage different wallets in one spot, simplifies the management of the developing crypto asset for seasoned traders, and helps users to increase their portfolio, are some of the features pushing the Crypto Asset Management Market size . Moreover, increasing adoption of cryptocurrency across industry verticals such as Healthcare, Retail and Commerce, BSFI, advancements in Internet of Things (IoT) and Artificial Inte
Read more

Liquefied petroleum gas Market Size, Share, Growth 2027

Image
  Liquefied Petroleum Gas Market The Liquefied Petroleum Gas Market is expected to grow at a faster CAGR over the forecast period (2020-2027). The factors driving the growth of Liquefied Petroleum Gas Market includes increasing use of liquefied petroleum gas as a substitute to fossil fuels, growing demand for natural gas and oil around the world and rising awareness amongst consumers about the benefits of liquefied petroleum gas. According to the report published by Statista, the Global Oil and Gas Storage Market was estimated around USD 929 million in 2019 and is expected to reach more than USD 1 billion by the end of 2026, which will boost the Global Liquefied Petroleum Gas Market in the approaching years. Moreover, growing emphasis on using cleaner sources of energy, increasing application of liquefied petroleum gas in households and restaurants for cooking and heating food and strict regulations imposed by Government reduce the carbon emission levels, are some of the additional fa
Read more