Data Center Infrastructure Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Data Center Infrastructure Market
The Data Center Infrastructure Market size was valued at USD 94.56 billion in 2023, and the market is now projected to grow to 142.31 USD billion by 2032, exhibiting a CAGR of 5.5% during the forecast period of 2023-2030.
This has affected the overall supply and demand chains of the particular market. As a result of the government's lockdown and other steps to stop the coronavirus from spreading, all supply activities were postponed, which decreased the amount of product related to this domain. All industries have been affected by the coronavirus, however some have been severely afflicted while others have experienced rapid expansion. The new coronavirus has caused businesses to quickly move their business processing to remote systems, which has increased demand for cloud-based solutions, networking, and infrastructure communication. Digital infrastructure is now vital, and data centers have increased the significance of remote contacts and digital enterprise. These factors affected the Data Center Infrastructure Market growth.
This is the major factor attributing the growth of this particular market. This factor is majorly involved in taking the revenue numbers above the skies and soaring greater heights and also the sales and demands have been proliferation and increased its value to greater extent. A lot of growth has been observed in the recent times because of this particular factor that contributed and also acted as a catalyst to the overall development of the product market. The market demand for conventional and modular data center solutions and services is anticipated to increase over the projected period as more startups and smalland medium-sized businesses (SMEs) adopt network infrastructure solutions. The introduction of new technology, together with increased data consumption and the volume of data collected through digital channels, has made it simple for businesses to grow their databases and shift mission-critical workloads to data centers. In response, major industry participants are making significant investments in data center projects to satisfy the demands of enterprise infrastructure. This has ultimately outraged the sales and demand for this particular market growth and prosperity. These particular growth driving factors have been recorded to attribute the Data Center Infrastructure Market share.
A latest trend has been witnessed to proliferate the market growth. This particular trend has been recorded to be the most profiting trends that have been upgraded to augment the overall market growth. There will probably be a greater need for hyperscale data centers as more businesses turn to cloud-based solutions. Compared to conventional data centers, hyperscale data centers are bigger and have more server and data resources. Hyperscale operators' spending have intensified because to the growing demand for public cloud services and the constant growth of social networking. These data centers will become increasingly important in the near future, mostly because of their cost-effectiveness, modularity, and redundancy. Thus, over the projection period, hyperscale data facilities will be a major trend in the global market. A lot of specifications have been made to this particular product which has benefited the market growth. This specific trend has influenced the market growth so much so that the revenue and share numbers of this particular product is touching the skies and soaring over.
Comprehensive Analysis of Organic Solar Cell Market
The segmentation of this particular market has been divided and then further subdivided into various categories. Solutions and services are the two market segments based on component. The largest market share in the global market was seized by the solutions segment. The segment with the largest share under solution type is anticipated to be the thermal module sector. The market share for organic solar cells was dominated by the BIPV segment.
This particular region has augmented a lot in the past few years in this particular product market. This specific region held the biggest revenue share. It is projected that over the forecast period, This particular region is actually growing a lot and is anticipated to augment more over the years. Market share for data center infrastructure was highest in North America. Using cloud-based solutions to effectively work from home is one of the main factors propelling the growth of the regional industry. One major driver of regional market growth is the increased adoption of data centers by startups and SMEs in the US and Canada. An analysis by the CBRE Group found that the overall capacity of the US principal data centers increased. The region's public sector digitization has enhanced market growth by driving the adoption of network management and communication technology. This particular region has experienced immense proliferation in the market shares and has attributed to the global market revenue.
Global markets are fiercely competitive and highly fragmented. Due to their creative packaging solutions, a few group of large market companies hold a fair amount of market share. Some of the major Companies includes Johnson Controls Inc. (Ireland), Hewlett Packard Enterprise Development LP (U.S.), Vertiv Group Corp. (U.S.), Schneider Electric SE (France), and IBM Corporation (U.S.).
In February 2020, This particular company has attributed the market growth in terms of revenue and shares system. The Intelligent Data Centre Service Solution was introduced by Huawei Technologies Co., Ltd. This solution aids companies and data center managers in the planning and construction of environmentally friendly and highly reliable data centers. This particular development and investment the global market has been recorded to be a boon for the market growth.
Segmentation Table
ATTRIBUTE DETAILS
Study Period 2018-2027
Base Year 2019
Forecast Period 2020-2027
Historical Period 2018
Unit Value (USD billion)
Segmentation Component; and Geography
By Component Solutions
Services
By Geography North America (By Component; and Country)
The United States
Canada
Mexico
South America (By Component; and Country)
Brazil
Argentina
Rest of South America
Europe (By Component; and Country)
The United Kingdom
Germany
France
Italy
Spain
Russia
Benelux
Nordics
Rest of Europe
The Middle East & Africa (By Component; and Country)
Turkey
Israel
GCC
North Africa
South Africa
Rest of the Middle East & Africa
Asia Pacific (By Component; and Country)
China
Japan
India
South Korea
ASEAN
Oceania
Rest of Asia Pacific