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North America dominates the global data centre market. The region held the largest market share in the data centres market in 2019. During the forecast period, the region will offer market players multiple growth opportunities. The increasing use of cloud services by companies across industries will influence the market growth of data centres in this region significantly.
Multi-cloud services can deploy specific application providers on a case-by-case basis. Multi-cloud architecture also prevents data loss or downtime during a regional component failure. It also retains compliance with safety requirements as well as fulfils working load requirements. These attributes are leading companies to adopt data centre services increasingly to meet their business needs, helping the data centre market to grow.
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The growing data centre market in the Asia Pacific is expected to drive the growth of the industry in the coming years. In June 2017, Equinix Inc. (NASDAQ: EQIX), one of the key players in the industry, partnered with Alibaba Cloud (NYSE: BABA) to provide greater cloud connectivity. Access to Alibaba Cloud is crucial for multinational customers seeking to securely and efficiently extend their cloud applications into the Asia Pacific region. Alibaba Cloud Express Connect also allows companies to draw on the extensive network of Alibaba Cloud in mainland China.
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The major key players in the global data centres market include companies like Reliance Group, Capgemini SE, HCL Technologies Limited, Nokia Corporation, Sify Technologies Limited, IBM Corporation, Cisco Systems Inc, Hewlett Packard Enterprise Company, Hitachi Ltd., and Equinix Inc., among others. The comprehensive report covers their market share, capacity, and latest developments like mergers and acquisitions, and capacity expansions.
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