Mega Data Center Market Forecast 2024-2033: Growth Rate, Drivers, And Trends|International Business Machines Corporation, Cisco Systems Inc., Dell Technologies Inc., Fujitsu Ltd., Intel Corporation

The Mega Data Center Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

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According to The Business Research Company’s Mega Data Center Global Market Report 2024, The mega data center market size has grown strongly in recent years. It will grow from $27.28 billion in 2023 to $28.98 billion in 2024 at a compound annual growth rate (CAGR) of 6.2%. The growth in the historic period can be attributed to surge in data generation and storage needs, digital transformation initiatives by businesses, cloud computing adoption and demand for scalability, rise of big data analytics and processing requirements, globalization of businesses and data accessibility..

The mega data center market size is expected to see strongly grown in the next few years. It will grow to $37.74 billion in 2028 at a compound annual growth rate (CAGR) of 6.8%. The growth in the forecast period can be attributed to increasing emphasis on edge computing architecture, growing demand for hybrid and multi-cloud deployments, escalating need for data security and compliance, integration of artificial intelligence in data processing, rapid growth in internet of things applications.. Major trends in the forecast period include implementation of artificial intelligence (ai) and machine learning (ml), hybrid and multi-cloud deployments, modular and scalable infrastructure, emphasis on data center sustainability certifications, integration of 5g technology..

The increasing adoption of cloud services is expected to propel the growth of the mega data center market going forward. Cloud services refer to a wide range of IT resources and professional services that are supplied to businesses and customers on demand over the Internet. Cloud services are one of the primary uses of mega data centers, as they are essential for providing the infrastructure and services needed to support cloud computing. Additionally, the growing demand for digitalization has also favored the demand for cloud services. For instance, in October 2023, according to Exploding Topics, a US-based online platform that provides insights into emerging and trending topics, $178 billion is made annually from cloud infrastructure services. Therefore, the increasing adoption of cloud services is driving the growth of the mega data center market going forward.

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

1) By Solution Type: IT Infrastructure Solutions, Support Infrastructure Solutions, Power Solutions, Cooling Solutions, Security Solutions, Management Software
2) By Services: System Integration, Monitoring Services, Professional Services
3) By Application: Cloud Providers, Colocation Providers, Enterprises
4) By End-User: BFSI (Banking, Financial Services, and Insurance), Telecommunications And Computing, Government, Media And Entertainment, Public, Other End-Users

Technological advancements are the key trends gaining popularity in the mega data center market. Companies operating in the mega data centers market are adopting new technologies to sustain their position in the market. For instance, in June 2022, Arista Networks Inc., a US-based cloud network provider and software development company launched the 7130 series technology. Arista 7130L series is a powerful and flexible networking solution for applications that require low latency and high throughput. The Arista 7130L Series is a family of ultra-low-latency switches designed for high-performance computing and financial trading environments.

The mega data center market report table of contents includes:

1. Executive Summary
2. Mega Data Center Market  Characteristics
3. Mega Data Center Market  Trends And Strategies
4. Mega Data Center Market  – Macro Economic Scenario
5. Global Mega Data Center Market  Size and Growth

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32. Global Mega Data Center Market  Competitive Benchmarking
33. Global Mega Data Center Market  Competitive Dashboard
34. Key Mergers And Acquisitions In Mega Data Center Market
35. Mega Data Center Market  Future Outlook and Potential Analysis
36. Appendix

 

Top Major Players :

• International Business Machines Corporation
• Cisco Systems Inc.
• Dell Technologies Inc.
• Fujitsu Ltd.
• Intel Corporation

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