Global Data Centre Market is Expected to Grow at a CAGR of 18% in the Forecast Period of 2024-2032

North America dominates the global data centre market. The region held the largest market share in the data centres market in 2020. 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.

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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Market Analysis by Component, IT Infrastructure, Type, Construction, Industry, and Region:

• The components of data centres are solution and services.

• The IT infrastructure of data centre include network, server, storage.

• On the basis of types, the industry can be divided into cloud data centre, colocation data centre, enterprise data centre, and hyperscale data centre, among others.

• By construction, the industry is bifurcated into new data centre and rebuild data centre.

• On the basis of industry, the data centre market is segmented into banking, financial services, and insurance, healthcare, government and defense, manufacturing, it and telecom, retail, energy, among others.

Key Findings of the Report:

• The increased internet penetration is providing an impetus to the market growth.

• Rising urbanisation and technological advancements are driving the market growth further.

• The rising adoption of multi-cloud solutions and network upgrades to support 5G will fuel the demand for data centres in the coming years.

• The rise in edge computing deployment would aid the market demand for data centres in the forecast period.

Key Offerings of the Report:

• The EMR report gives an overview of the global data centres market for the periods (2018-2023) and (2024-2032), covering the components, IT infrastructure, types, constructions, and industries of data centre.

• The report also offers the historical (2018-2023) and forecast (2024-2032) markets for the regions.

• The comprehensive report by EMR assesses the market based on the Porter’s Five Forces and SWOT analysis.

The major key players in the global data centres market include companies like Hewlett Packard Enterprise Company, Cisco Systems Inc,     IBM Corporation, Sify Technologies Limited, Dell Technologies Inc, and Fujitsu Limited, Hitachi, Ltd., among others. The comprehensive report covers their market share, capacity, and latest developments like mergers and acquisitions, and capacity expansions.

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