Data center solutions refer to the wide range of technology, services and infrastructure that are essential for the efficient and secure operation of data centers. Data centers are specialized facilities designed to house computing systems and associated components, such as telecommunications and storage systems. These solutions are crucial for businesses and organizations that require a secure and reliable environment for storing, processing and distributing large volumes of data.
The data center solutions market consists of sales, by entities (organizations, sole traders and partnerships), of data center solutions that encompass the physical infrastructure of the data center, the power systems, cooling mechanisms and management tools required to maintain optimal performance.
The global data center solutions market was valued at $20,632.43 million in 2018 which grew till 2023 at a compound annual growth rate (CAGR) of more than 12.00%.
Rise In The Adoption Of Remote Working Models
The rise in the adoption of remote working models contributed to the growth of the data center solutions market during the historic period. Remote work depends significantly on cloud-based applications and storage solutions, increasing the demand for cloud infrastructure. Data centers played a vital role in supporting these services, by providing the computing power, storage capacity and network resources required to enable remote work efficiently. For example, in April 2022, according to a survey conducted by the Australian Bureau of Statistics, an Australian self-governing legal organization, tasked with acquiring and evaluating data and delivering fact-based recommendations to federal, state and territorial governments, almost half of all Australian employees (46%) worked from home to some extent. In addition, 34% of Australian firms used teleworking agreements for at least some of their personnel. Therefore, the rise in the adoption of remote working models boosted the growth of the data center solutions market.
Focus On Developing New Liquid Cooling Technologies For Data Centers
Companies in the data center solutions market are focusing on developing new liquid cooling technologies for data centers. Liquid cooling solutions serve as an alternative to traditional air-cooling methods in data centers. For example, in May 2024, ExxonMobil, a US-based natural gas company and Intel, an American multinational corporation and technology, are working to design, test, research and develop new liquid cooling technologies to optimize data center performance and help customers meet their sustainability goals. ExxonMobil launched its full portfolio of data center immersion fluid products in 2023. Further, in January 2024, Modine, a diversified global leader in innovative thermal management solutions, purchased the intellectual property and other specific assets of TMG Core, a specialist in single- and two-phase liquid immersion cooling technology for data centers with high-density computing requirements. This investment positions Modine to capture market share in the rapidly developing demand for data center liquid cooling.
The global data center solutions market is fairly fragmented, with a large number of players operating in the market. The top ten competitors in the market made up to 24.3% of the total market in 2023.
Data Center Solutions Global Market Opportunities And Strategies To 2033 from The Business Research Company provides the strategists; marketers and senior management with the critical information they need to assess the global data center solutions market as it emerges from the COVID-19 shut down.
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Where is the largest and fastest-growing market for data center solutions? How does the market relate to the overall economy; demography and other similar markets? What forces will shape the market going forward? The data center solutions market global report from The Business Research Company answers all these questions and many more.
The report covers market characteristics; size and growth; segmentation; regional and country breakdowns; competitive landscape; market shares; trends and strategies for this market. It traces the market's history and forecasts market growth by geography. It places the market within the context of the wider data center solutions market; and compares it with other markets.
The report covers the following chapters
- Introduction and Market Characteristics- Brief introduction to the segmentations covered in the market, definitions and explanations about the segment by type, by electrical solution, by mechanical solution and by vertical.
- Key Trends- Highlights the major trends shaping the global market. This section also highlights likely future developments in the market.
- Macro-Economic Scenario- The report provides an analysis of the impact of the COVID-19 pandemic, impact of the Russia-Ukraine war and impact of rising inflation on global and regional markets, providing strategic insights for businesses in the Data Center Solutions market.
- Global Market Size And Growth- Global historic (2018-2023) and forecast (2023-2028, 2033F) market values and drivers and restraints that support and control the growth of the market in the historic and forecast periods.
- Regional And Country Analysis- Historic (2018-2023) and forecast (2023-2028, 2033F) market values and growth and market share comparison by region and country.
- Market Segmentation- Contains the market values (2018-2023) (2023-2028, 2033F) and analysis for each segment by type, by electrical solution, by mechanical solution and by vertical in the market. Historic (2018-2023) and forecast (2023-2028) and (2028-2033) market values and growth and market share comparison by region market.
- Regional Market Size and Growth- Regional market size (2023), historic (2018-2023) and forecast (2023-2028, 2033F) market values and growth and market share comparison of countries within the region. This report includes information on all the regions Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa and major countries within each region.
- Competitive Landscape- Details on the competitive landscape of the market, estimated market shares and company profiles of the leading players.
- Other Major And Innovative Companies Details on the company profiles of other major and innovative companies in the market.
- Competitive Benchmarking- Briefs on the financials comparison between major players in the market.
- Competitive Dashboard- Briefs on competitive dashboard of major players.
- Key Mergers and Acquisitions- Information on recent mergers and acquisitions in the market is covered in the report. This section gives key financial details of mergers and acquisitions which have shaped the market in recent years.
- Market Opportunities And Strategies- Describes market opportunities and strategies based on findings of the research, with information on growth opportunities across countries, segments and strategies to be followed in those markets.
- Conclusions And Recommendations- This section includes recommendations for data center solutions providers in terms of product/service offerings geographic expansion, marketing strategies and target groups.
- Appendix- This section includes details on the NAICS codes covered, abbreviations and currencies codes used in this report.
Markets Covered:
- 1) By Type: Enterprise Data Center; Mid-Size Data Center; Large Data Center
- 2) By Electrical Solution: Power Distribution; Power Backup; Cabin Infrastructure
- 3) By Mechanical Solution: Air Conditioning; Cooling Water Circulation Device; Cooling Towers; Management System
- 4) By Vertical: Banking; Financial Services And Insurance (BFSI); Telecommunication And Information Technology (IT); Energy; Healthcare; Other Verticals
- Companies Mentioned: Equinix Inc.; Digital Realty Inc.; NTT Group; Microsoft Corporation; Amazon.com, Inc.
- Countries: China; Australia; India; Indonesia; Japan; South Korea; USA; Canada; Brazil; France; Germany; Italy; Spain; UK; Russia
- Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
- Time-series: Five years historic and ten years forecast.
- Data: Ratios of market size and growth to related markets; GDP proportions; expenditure per capita; data center solutions indicators comparison
- Data segmentations: country and regional historic and forecast data; market share of competitors; market segments.
- Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.