PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1314992
PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1314992
Global Mega Data Center Market is valued at approximately USD 23.6 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 4.7 % over the forecast period 2023-2030. A Mega Data Center is a purpose-built facility designed to accommodate computer systems that can effectively handle large-scale data transfers, high computational capabilities, storage capacity, and bandwidth. The mega data center market is expanding because of factors such as increase in demand for data storage facilities and rising adoption of cloud computing.
According to the Statista in 2021, the worldwide expenditure on information technology (IT) devices, encompassing PCs, tablets, mobile phones, along with data center systems, enterprise software, and communications services, amounted to approximately USD 4.26 trillion. It is projected that global IT spending may rise to approximately USD 4.66 trillion by 2023. Cloud computing has had a profound influence on data centers, as it has facilitated the emergence of mega-scale data centers by commoditizing computing, storage, and network resources. According to Statista in 2023, the global market for cloud applications was valued at USD 133.6 billion in 2021 and is projected to reach USD 168.6 billion by 2025. The cloud applications software market is expected to exhibit a compound annual growth rate of 4.8% during the forecast period. In addition, increasing demand of cloud-based services and rising technological advancements in the mega data center would create lucrative growth opportunities. However, the high initial investment cost for implementing mega data centers and the low availability of resources stifles market growth throughout the forecast period of 2023-2030.
The key regions considered for the Global Mega Data Center Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market during the forecast period owing to the increasing number of e-commerce platforms and extensive deployment of large-scale data centers. Asia Pacific is the fastest growing region during the forecast period, owing to rise in internet penetration and the increasing adoption of cloud services in the region.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
List of tables and figures are dummy in nature, final lists may vary in the final deliverable
List of tables and figures are dummy in nature, final lists may vary in the final deliverable