Categories: Industry

Cloud Data Center Market Size 2024-2033 – Growth Analysis, Outlook, Overview

Overview and Scope

Cloud data centers refer to centralized facilities equipped with a network of servers, storage, and computing resources that are accessed remotely over the Internet. They provide scalable and on-demand computing services, allowing users to store, process, and manage data and applications without the need for on-site physical infrastructure.

Sizing and Forecast

The cloud data center market size has grown rapidly in recent years. It will grow from $23.80 billion in 2023 to $27.22 billion in 2024 at a compound annual growth rate (CAGR) of 14.4%.  The growth in the historic period can be attributed to increased scalability, increased cost efficiency, increased agility and flexibility, improved security posture, and green initiatives.

The cloud data center market size is expected to see rapid growth in the next few years. It will grow to $46.04 billion in 2028 at a compound annual growth rate (CAGR) of 14.0%.  The growth in the forecast period can be attributed to edge-to-cloud orchestration, increasing cybersecurity threats, quantum computing development, a rise of containerization, increasing data privacy regulations, AI (artificial intelligence) and machine learning workloads, and 5G deployment. Major trends in the forecast period include data sovereignty and compliance, containerization, hybrid and multi-cloud strategies, AI-optimized infrastructure, and serverless computing.

To access more details regarding this report, visit the link:
https://www.thebusinessresearchcompany.com/report/cloud-data-center-global-market-report

Segmentation & Regional Insights

The cloud data center market covered in this report is segmented –

1) By Service Model: Infrastructure As A Service Model, Platform As A Service-Model, Software As A Service-Model

2) By Deployment Model: Public, Private, Hybrid

3) By Organization Size: Small And Medium Enterprise, Large Enterprises

4) By End-Users: Banking, Financial Services And Insurance (BFSI), Colocation, Energy, Government, Healthcare, Manufacturing, Information Technology (IT) And Telecommunication, Other End-Users

North America was the largest region in the cloud data center market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the cloud data center market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Intrigued to explore the contents? Secure your hands-on sample copy of the report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=14290&type=smp

Major Driver Impacting Market Growth

The increase in demand for cloud services is expected to propel the growth of the cloud data center market going forward. Cloud services encompass a wide range of computing resources and applications that are readily available, on-demand, and delivered via the Internet. The demand for cloud services is increasing due to their scalability, accessibility, and security benefits. A cloud data center supports cloud services, offering the essential infrastructure and resources for hosting, processing, and delivering on-demand computing capabilities via the Internet. For instance, in December 2023, according to the European Commission (EC), a Belgium-based executive body of the European Union (EU), 42.5% of enterprises in the European Union (EU) bought cloud computing services. Primarily utilized for email, file storage, and office software, this marked a 4.2% increase compared to 2021. Therefore, the increase in demand for cloud services is driving the growth of the cloud data center market.

Key Industry Players

Major companies operating in the cloud data center market are Alphabet Inc., Microsoft Corporation, Verizon Corporation, Reliance Group, Amazon Web Services Inc., International Business Machines Corporation (IBM), Oracle Corporation, KDDI Telehouse, Fujitsu Limited, Eaton Corporation plc, Tencent Cloud, Lumen Technologies, HCL Technologies Limited, Alibaba Cloud, Schneider Electric SE, Google Cloud, Equinix Inc., General Electric Company, China Unicom, Capgemini SE, China Telecom Americas Inc., Cyxtera Technologies Inc., QTS Realty Trust Inc., Flexential Corp., AT&T Inc.

The cloud data center market report table of contents includes:

1. Executive Summary
2. Cloud Data Center Market Characteristics
3. Cloud Data Center Market Trends And Strategies
4. Cloud Data Center Market – Macro Economic Scenario
5. Global Cloud Data Center Market Size and Growth
..
32. Global Cloud Data Center Market Competitive Benchmarking
33. Global Cloud Data Center Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Cloud Data Center Market
35.Cloud Data Center Market Future Outlook and Potential Analysis
36. Appendix

Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info

Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company

Twitter: https://twitter.com/tbrc_info

Facebook: https://www.facebook.com/TheBusinessResearchCompany

YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ

Blog: https://blog.tbrc.info/

Healthcare Blog: https://healthcareresearchreports.com/

Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model

 

Good PR News

Recent Posts

Medical Terminology Software Market Share, Growth Opportunities, Demand Factors Report To 2033

The medical terminology software global market report 2024 from The Business Research Company provides comprehensive…

22 hours ago

Apples Market Expansion 2024-2033: Growth Drivers and Dynamics

The apples global market report 2024 from The Business Research Company provides comprehensive market statistics,…

22 hours ago

IP Video Surveillance And VSaaS Market Growth Analysis, Latest Trends And Business Opportunity 2024 To 2033

The ip video surveillance and vsaas global market report 2024 from The Business Research Company…

22 hours ago

Change And Configuration Management Market Expansion 2024-2033: Growth Drivers and Dynamics

The change and configuration management global market report 2024 from The Business Research Company provides…

22 hours ago

Generative AI In Gaming Market Share Analysis, Leading Players, Growth, Trends, And Forecast To 2033

The generative ai in gaming global market report 2024 from The Business Research Company provides…

22 hours ago

Electric Blankets Market Size, Emerging Trends, Market Opportunities, Key Players And Forecast To 2033

The electric blankets global market report 2024 from The Business Research Company provides comprehensive market…

23 hours ago