Data Center Market Overview

The global data center market size is expected to reach USD 520.41 billion by 2030, registering a CAGR of 12.29% from 2022 to 2030. The growth of the market is driven by the increasing demand for cloud computing, big data analytics, and artificial intelligence. Other factors driving the market growth include the growing adoption of edge computing, the increasing need for disaster recovery and business continuity, and the rising popularity of hyperscale data centers.

Key Companies in the Data Center Market

The key players in the global data center market are:

• Equinix
• Digital Realty Trust
• NTT Communications
• IBM
• HPE
• Cisco Systems
• Huawei Technologies
• Schneider Electric
• Rittal
• Vertiv
• Eaton

These companies are actively investing in research and development, acquisitions, and partnerships to expand their market share and stay ahead of the competition.

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Market Segmentation

The global data center market is segmented by:

• By type: Colocation, managed hosting, cloud-based, and others
• By component: Hardware, software, and services
• By end-user: BFSI, healthcare, IT and telecom, government, retail, and others

Top Impacting Factors

The following are the top impacting factors of the global data center market:

• Rising demand for cloud computing
• Growing adoption of big data analytics and artificial intelligence
• Increasing need for edge computing
• Rising popularity of hyperscale data centers
• Growing adoption of green data centers
• Stringent government regulations

Key Strategies

The key strategies adopted by the players in the global data center market include:

• Expansion of global footprint
• Acquisitions and partnerships
• Investment in research and development
• Focus on green data centers
• Development of new technologies

Regional Insights

The global data center market is segmented into the following regions:

• North America
• Europe
• Asia Pacific
• Middle East and Africa
• Latin America

North America is the largest market for data centers, followed by Europe and Asia Pacific. The growth of the market in these regions is driven by the increasing adoption of cloud computing, big data analytics, and artificial intelligence.

Industry Latest News

• In June 2023, Equinix announced the opening of its new data center in Frankfurt, Germany. The data center is designed to meet the growing demand for cloud computing and big data analytics in the region.
• In May 2023, Digital Realty Trust acquired QTS Realty Trust for USD 10 billion. The acquisition will expand Digital Realty's global footprint and make it one of the largest data center operators in the world.
• In April 2023, IBM announced the launch of its new cloud-native data center platform. The platform is designed to help customers build and manage cloud-based applications more easily and efficiently.

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