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Data Center Market size was valued at US$ 112.03 Bn. in 2021 and the total revenue is expected to grow at 26 % through 2021 to 2029, reaching nearly US$ 711.72 Bn.
Data Center Market Overview:
Data Center market landscape has been examined, and all of the key suppliers and application development and delivery developers have been present. Customer-centric methods by businesses, as well as the necessity to handle massive volumes of material, may define the market's future shape. During the projected period (2021-2027), there will be alliances with integration partners to achieve optimal technology, as well as webinars for future trends and insights.
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Data Center Market Scope:
Maximize Market Research report on Data Center Market provides an investigative analysis with a cohesive grasp of the economy's events as well as the consequences of the COVID-19 pandemic. It outlines drivers, challenges, opportunities, trends, and niches that industry leaders may leverage over the projected period.
The report discusses major advancements in the Data Center industry, as well as organic and inorganic growth strategies. Various businesses are concentrating on organic growth tactics such as new launches, product approvals, and other things like patents and events. Acquisitions, partnerships, and collaborations were among the inorganic growth tactics observed in the industry. With the increased demand, industry participants in the Data Center market are expected to benefit from attractive growth prospects in the future. The following is a list of a few firms involved in the Data Center industry.
Segment Analysis:
In 2021, the market was led by hyperscale data centres, with a 40% share. Maximising cooling effectiveness, maintaining a balanced workload, and automating the facility are the main reasons propelling the market's expansion. Factors include the ability to scale up when demand is high and scale down when demand is low, as well as lowering the cost of data disruptions and minimising downtime caused by excessive demands, among other things. A variety of industries, including IT & telecom, BFSI, public utilities, healthcare, energy, manufacturing, and others, can use hyperscale data centres in a variety of ways.
By application, the BFSI industry held a 26% market share in 2021. It now serves as the BFSI industry's skeleton. It offers Datacenter Facility Management (DCFM), which efficiently manages the Interdependent Electrical Network along with HVAC, UPSs, DGSETs, Racks, iPDUs, etc.; IT Service Management (ITSM), which manages the IT tools and applications, inventory, service lifecycle, and monitoring performance, of all assets in the DC.
In terms of deployment, On-Premise held a 56.4% market share in 2021. Data from sensors located throughout the data centre infrastructure is collected on-site. For a specific setting, an on-premises solution enables reliable and secure data gathering, reporting, and alerting. Administrators can use the data to learn more about infrastructure availability, airflow, power use, temperature, humidity, and security. These are the elements fueling the segment's market expansion.
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Key Companies:
The market research study analyses the market's main stakeholders. Among the key firms highlighted in the study are:
• Digital Realty
• Nvidia
• Oracle
• Alphabet Inc.
• Fujitsu Ltd
• Reliance Group
• Capgemini SE
• HCL Technologies Limited
• Sify Technologies Limited
• IBM Corporation
• Cisco Systems Inc.
• Hewlett Packard Enterprise Company
• Hitachi Ltd
• Equinix Inc.
• Huawei Technologies Co. Ltd
• Schneider Electric SE
• Vertiv Co.
Regional Analysis:
The report offers a comprehensive overview of the sector, including both qualitative and quantitative data. It gives a global market analysis and prediction based on several segments. It also offers market size and forecast projections for five key regions, including North America, Europe, Asia-Pacific, the Middle East & Africa, and South America.
COVID-19 Impact Analysis on Data Center Market:
The COVID-19 pandemic has had an impact on markets and consumer behaviour. It has had a significant influence on economies and civilizations alike. The effects of COVID-19 are expected to shift consumer demand to online platforms. This might permanently alter customer behaviour because once individuals get into the habit of purchasing online, it becomes a pattern that is difficult to break, compelling businesses to increase their online presence. COVID-19 has an immediate and extensive influence on consumer behaviour across all industries.
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Key Questions answered in the Data Center Market Report are:
- Which is the potential market for Data Center in terms of the region?
- What are the opportunities for new market entrants?
- What is expected to drive the growth of the Data Center market in the next seven years?
- What is the projected market size & growth rate of the Data Center Market?
- What segments are covered in the Data Center Market report?
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