Data Center Market To Witness Enhanced Growth Owing To Rising Demand For Cloud-Based Data Storage Management And Cloud Technology Till 2022 | Million Insights

November 05 20:25 2018

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According to new report available with Million Insights, The demand for cloud-based data storage management and cloud technology is on the rise, which drives data center market. However, significant initial investment cost may hamper the growth of market in future. Growing acceptance of community cloud technology is expected to bring profitable opportunities in market.

Global Data Center Market is estimated to grow at a CAGR of 10.21% in the forecast period owing to the rising focus on the adoption of enhanced technologies like IoT and cloud-based services. Data center is a centralized location that focuses on computing and networking equipment of an organization for gathering, storing, processing and allowing access to huge data. They can be classified as internet facing or enterprise data centers. Internet facing data centers normally support limited applications, are dependent on browsers and have numerous users. Unlike them, enterprises data centers offer service to limited users but support numerous applications.

The demand for cloud-based data storage management and cloud technology is on the rise, which drives data center market. However, significant initial investment cost may hamper the growth of market in future. Growing acceptance of community cloud technology is expected to bring profitable opportunities in market.

Full Research Report On Data Center Market Analysis available at: https://www.millioninsights.com/industry-reports/data-center-market

Institutional and private equity investors are heavily investing and aiming to seek strong returns in the coming years. Moreover, businesses and end-users are increasingly seeking hybrid IT solutions, which introduce growth opportunities to improve their data center portfolios.

The market is categorized on the basis of type, density, vertical and geography. On the basis of type, market is divided into webhosting data centers and corporate data centers. Due to the growing demand for data storage management by larger organizations, corporate data center segment is predicted to grow impressively in the years to come.

Based on the density, market is divided into extreme, high, medium, and low. Owing to the growing number of SMEs and large enterprises, high-density segment is expected to lead the market in future. In terms of vertical, market is split into telecom, banking & financial services, government, healthcare, IT and others. Due to the growing population on global scale, IT segment is expected to grow impressively in the forecast period.

Geographically, market is segmented as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Owing to the increasing investment and rising importance of community cloud systems, North America, followed by Asia Pacific are expected to lead data center market in the near future. The key players in data center market comprise Google Inc., Apple Inc., Digital Realty, IBM Corporation, Hewlett Packard Enterprise, Equinix Inc., NTT Communications Corporations, Cisco Systems, Inc., Microsoft Corporation, and AT&T Inc.

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Market Segment:

The market is divided into the following segments based on geography:

• Americas

• APAC

• EMEA

Global Data Center Market 2018-2022, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors

• Digital Realty Trust

• Equinix

• Alphabet

• Microsoft

• Amazon.com

Related Reports of This Category Available at Million Insights: https://www.millioninsights.com/industry/computing-and-technology

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