The Mega Data Center Market Report 2019-2023 focuses on the global Mega Data Center status, future forecast, growth opportunity, key market, and key players.
The Mega Data Center Market report studies the global market size of Mega Data Center in key regions like North America, Europe, Asia Pacific, Central & South America, and the Middle East & Africa focuses on the consumption of Mega Data Center in these regions. This research report categorizes the global Mega Data Center market by players/brands, region, type, and application. This report also studies the global market status, competition landscape, market share, growth rate, future trends, market drivers, opportunities and challenges, sales channels, distributors and Porters Five Forces Analysis.
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The various contributors involved in the value chain of Mega Data Center include manufacturers, suppliers, distributors, intermediaries, and customers.
The Key Players covered in this study:-
- Cisco Systems Inc
- IBM Corporation
- Intel Corporation
- Juniper Networks
Overview of Mega Data Center Market Research Report 2019-2023:-
Mega data center market was worth USD 18.82 billion in 2017 and is projected to grow to USD 24.25 billion by 2023 at a CAGR of 4.32% during the period 2019 – 2023. The report discusses the various types of solutions provided by mega data centers. While the regions considered in the scope of the report include North America, Europe, and various others. The study also emphasizes on how growing demand for colocation services is affecting the market.
Server workloads continue to grow with each passing year, which has shown an adverse effect on IT operations. It is estimated that there is an increase of 35% data growth rate per year, and this has resulted in many organizations double their on-premises storage over a three-year period, leading to over-builds that drive to wasted capital across infrastructure, power, and staffing costs. Increasing digitization globally is expected to contribute value to different end-user industries, such as BFSI, IT services, which is rising need for mega data centers worldwide. Various governmental bodies have been identified to facilitate Industry 4.0 by deploying IoT and cloud services, which is further expected to drive the mega data center market.
Rising Demand for Data Center Colocation to Drive the Market
Colocation acts as an attractive solution as it allows organizations to solve a problem without substantial upfront costs, which is one of the reasons expected to drive the growth of this market. Data center colocation is expected to see significant growth over the forecast period owing to the benefits provided by these data center over conventional ones. Colocation center has been identified to provide more significant scalability, which acts as a perfect solution for small companies that are looking to expand, as well as firms that are aiming to increase their market share. In addition to that, colocation data centers also offer enhanced flexibility, like data analytics and improved data security making it a very viable alternative for in-house data centers.
Rising Demand from BFSI Sector to Augment the Growth
Banking and finance sector is one of the largest generators of data, and the need for a data center to regulate the cost of operations is a primary driver. Finance and banking structures use data centers to store the customer records, employee management, transactions, electronic banking services, such as remote banking, telebanking, self-inquiry, which need data centers for their functioning. Data centers are believed to be an infrastructure that is the future of finance. Many institutions have created private cloud system to accommodate massive network, storage, and server capacities to support their retail financial centers, ATMs, and active online accounts.
Many banks maintain their own data centers, but the trend is found to be changing owing to the fluctuations in the profits for the banks. Also, maintaining a data center is a cumbersome process owing to the cost drain on the IT, real estate and operations as any data center requires proper cooling, security and power facilities. This can act as a challenge for the BFSI industry during the forecast period.
Growing Demand from Asia-Pacific to Drive the Market
The growing demand for high-density, redundant facilities throughout China is precipitating a shift in the design and development of the countryâs data centers. China has 50 internet users per 100 population indicating scope for lot of development and the connectivity ecosystem is made up of 73 colocation data centers, 52 cloud service providers and 0 network fabrics. However, power, space and IP transit all cost more in China emphasizing the difficulties in maintaining a data center. Similarly, in India, 9.5% of the GDP is contributed by the digital economy, the digital economy includes USD 25,518 million fixed line telephone subscriptions and 1011.054 million mobile telephone subscriptions, indicating a lot of scope for development of data centers. Moreover, owing to regulatory and security reasons, a number of organizations in India, especially from the BFSI sector, are not allowed to host their data in a data center that is out of the country. As a result, the data center providers are setting up local data centers in India indicating the growing mega data center facilities in India.
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Reasons to Purchase this Report
Key questions answered in the Mega Data Center Market Report are.
- What will the market size be in 2023 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
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This report includes the estimation of market size for value (million US$) and volume (K Units). Both top-down and bottom-up approaches have been used to estimate and validate the market size of Mega Data Center market, to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.
Major Points from TOC of Mega Data Center Market Research Report 2019-2023:
1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
- RESEARCH METHODOLOGY
- EXECUTIVE SUMMARY
- MARKET DYNAMICS
4.1.1 Rise in Defence Expenditure of Many Countries
4.1.2 Increasing Demand of Lightweight Materials in the Industry
4.2.1 Need for High Investments in R&D
4.2.2 Other Restraints
4.3 Industry Value-Chain Analysis
4.4 Porters 5 Force Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Consumers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products and Services
4.4.5 Degree of Competition
4.5 Price Analysis
- MARKET SEGMENTATION
1 By Application
5.2 End-user Sector
5.3.2 North America
5.3.4 South America
5.3.5 the Middle East & Africa
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