The Business Research Company’s Data Center Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The Data Center Global Market Report 2023 evaluates data center market size, growth rate, drivers, trends, and major companies.
The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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The global data center market size is expected to grow from $359.53 billion in 2022 to $416.18 billion in 2023 at a compound annual growth rate (CAGR) of 15.76%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The data center market size is expected to grow to $739.53 billion in 2027 at a CAGR of 17.51%.
Increasing growth in data volumes is expected to propel the data centers market going forward. Data refers to information that has been translated into a form that is easy to process and use. Today, all types of organizations process and store large quantities of information every day, and therefore they store the same in data centers; as a result, the volume of data has been growing exponentially, thereby driving the data centers market. For instance, according to data by Takeo, a US-based AI, Cloud Implementation, and Consulting technology company, 2.5 quintillion bytes of data were created every day in 2020. According to data by CNET, a US-based technology, and consumer electronics media publisher, 44 zettabytes of data will be stored globally by 2020. Therefore, increasing growth in data volumes is driving the growth of the data center market.
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The data center market segments in the report are:
1) By Type: Colocation, Hyperscale, Edge, Other Types
2) By Component: Solution, Services
3) By Enterprise Size: Large Enterprises, Small And Medium Enterprises (SMEs)
4) By End User: BFSI, IT And Telecom, Government, Energy And Utilities, Other End Users
The table of contents in TBRC’s data center market report includes:
1. Executive Summary
2. Data Center Market Characteristics
3. Data Center Market Trends And Strategies
4. Data Center Market – Macro Economic Scenario
5. Data Center Market Size And Growth
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26. Africa Data Center Market
27. Data Center Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Data Center Market29. Data Center Market Future Outlook and Potential Analysis
30. Appendix
Top Major Players:
- Alphabet Inc
- Amazon.com Inc
- Equinix Inc
- Microsoft Corp
- NTT DATA Corp
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