Data Center Market to Grow by USD 519.34 Bn | Adoption of Multi-cloud and Network Upgrades to Support 5G will Drive Growth | Technavio
NEW YORK, Jan. 11, 2022 /PRNewswire/ -- The data center market is expected to grow by USD 519.34 billion from 2020 to 2025. The market is anticipated to witness healthy growth at a CAGR of 21%. This growth can be attributed to rise in the adoption of multi-cloud and network upgrades to support 5G. However, cybersecurity issues can hamper the growth of the market during the next few years.
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Major Five Data Center Companies:
- Alphabet Inc. - The company owns and operates high-performing, secure, reliable, and efficient data centers and storage services globally through its subsidiary Google.
- Amazon.com Inc. - The company offers a wide range of secured data centers, which includes Amazon EC2, Amazon Simple Storage Services (S3), Amazon Aurora, Amazon DynamoDB, Amazon RDS, AWS Lambda, and Amazon VPC.
- Cisco Systems Inc. - The company offers extendable data center systems that extends the simplicity of hyper-convergence from core to edge and multicloud; high density, low latency, and power-efficient data center switches; and software for automating IT processes across computing, network, and storage layers in physical and virtual environments.
- Equinix Inc. - The ECX fabric directly connects distributed infrastructure and digital ecosystems globally on Platform Equinix via a software-defined interconnection.
- Microsoft Corp. - The company offers sustainable and trusted cloud infrastructure, which contains both physical infrastructure and connective network components. Each of the Azure datacenters provides high availability, low latency, scalability, and the latest advancements in cloud infrastructure.
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Data Center Market Component Outlook (Revenue, USD bn, 2020-2025)
- IT infrastructure - size and forecast 2020-2025
- Power management system - size and forecast 2020-2025
- Mechanical construction - size and forecast 2020-2025
- General construction - size and forecast 2020-2025
- Security solutions - size and forecast 2020-2025
The data center market share growth by the IT infrastructure segment will be significant during the forecast period. Datacenter information technology (IT) infrastructure comprises all IT equipment, infrastructure, and solutions required to set up or scale a data center. The use of such IT infrastructure is rising due to the increase in demand for computing power and storage to support the growth in global data traffic. Enterprises globally have embraced cloud technologies and are moving their data from on-premises data centers to cloud-based data centers. This trend is expected to continue during the forecast period to create the demand for servers and storage infrastructure, and other IT equipment.
Data Center Market Geography Outlook (Revenue, USD bn, 2020-2025)
- North America - size and forecast 2020-2025
- APAC - size and forecast 2020-2025
- Europe - size and forecast 2020-2025
- South America - size and forecast 2020-2025
- MEA - size and forecast 2020-2025
The data center market is expected to be dominated by North America during the forecast period. The US is the key country for the data centers market in the region. Market growth in this region will be slower than the growth of the market in Europe, APAC, and South America. The increasing adoption of cloud services by enterprises across industries in the US and Canada will drive the data center market growth in North America during the forecast period.
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Data Center Market Scope | |
Report Coverage | Details |
Page number | 120 |
Base year | 2020 |
Forecast period | 2021-2025 |
Growth momentum & CAGR | Accelerate at a CAGR of 21% |
Market growth 2021-2025 | USD 519.34 billion |
Market structure | Fragmented |
YoY growth (%) | 18.30 |
Regional analysis | North America, APAC, Europe, South America, and MEA |
Performing market contribution | North America at 35% |
Key consumer countries | US, China, UK, Australia, Japan, and Germany |
Competitive landscape | Leading companies, Competitive strategies, Consumer engagement scope |
Companies profiled | Alphabet Inc., Amazon.com Inc., Cisco Systems Inc., Equinix Inc., Microsoft Corp., NTT DATA Corp., Oracle Corp., SAP SE, Huawei Investment & Holding Co. Ltd., and International Business Machines Corp. |
Market Dynamics | Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, Market condition analysis for the forecast period |
Customization purview | If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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