Malaysia - Data Center Market size to grow by USD 2.90 billion between 2022 - 2027 | Growing demand among small and medium-sized enterprises (SMEs) drives market growth - Technavio

NEW YORK , Oct. 13, 2023 /PRNewswire/ -- The Malaysia - Data Center Market size is projected to increase by USD 2.90 billion, accelerating at a CAGR of 16.15% during the forecast period. The market is experiencing significant growth, primarily due to the increasing demand from small and medium-sized enterprises (SMEs). In Malaysia, micro, small, and medium enterprises (MSMEs) play a significant role in the country's economy and are set to contribute significantly to economic growth through digital transformation. Collecting data is a vital means to adopt a more informed business strategy. Leveraging efficient data management and analytical tools presents a great opportunity to gain a competitive edge through data-driven digital solutions. Cloud-based solutions offer businesses flexible and cost-efficient digital tools to achieve this. Get deeper insights into the market size, current market scenario, future growth opportunities, major growth driving factors, the latest trends, and much more. Buy full report here

Optimizing server workloads stands as a significant challenge that impacts the data center market growth. In Malaysia, the advent of advanced technologies like big data analytics and artificial intelligence has led companies to delve into in-depth data analysis. Consequently, businesses and data center service providers require sophisticated, high-performance servers to manage these demanding workloads. Furthermore, issues related to power consumption and limited physical space in data centers, along with the unpredicted surge in enterprise server capacity demand, add complexity to the situation.

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The data center market is segmented by End-user (BFSI, Cloud, E-commerce, Government, and Others), Type (Data center servers, Data center storage, Data center powering and cooling solutions, and Data center networking solutions), and Geography (APAC). 

The BFSI segment is expected to experience substantial market share growth during the forecast period. The Banking, Financial Services, and Insurance (BFSI) segment represent one of the most significant end-user groups in the Malaysian data center market. This industry deals with highly sensitive financial data, including customer information, transaction records, and financial documents. To maintain the integrity of this data and safeguard against online threats, a secure and dependable data center platform is imperative.

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Key Companies in the Malaysia - data center market:

• Alphabet Inc.
• Cisco Systems Inc.
• Cummins Inc.
• Cyxtera Technologies Inc.
• Dell Technologies Inc.
• DXC Technology Co.
• Eaton Corp. Plc
• Equinix Inc.
• Fujitsu Ltd.
• Hewlett Packard Enterprise Co.
• Huawei Technologies Co. Ltd.
• International Business Machines Corp.
• Legrand SA
• Lenovo Group Ltd.
• Microsoft Corp.
• NEC Corp.
• NetApp Inc.
• Nippon Telegraph And Telephone Corp.
• Schneider Electric SE
• Vertiv Holdings Co.

Related Reports:

Green Data Center (GDC) Market: The green data center market size is estimated to grow at a CAGR of 24.63% between 2022 and 2027. The market size is forecast to increase by USD 146.95 billion.

Data Center Power Market: The Data Center Power Market is estimated to grow at a CAGR of 11.1% between 2022 and 2027. The size of the market is forecast to increase by USD 20,569.77 million.

TOC:

1. Executive Summary
2. Market Landscape
3. Market Sizing
4. Historic Market Sizes
5. Five Forces Analysis
6. Market Segmentation by End-Users
7. Market Segmentation by Type
8. Market Segmentation by Geography
9. Customer Landscape
10. Geographic Landscape
11. Drivers, Challenges, & Trends
12. Company Landscape
13. Company Analysis
14. Appendix

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