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.

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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.

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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.

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