Press release
Cloud Data Center Market 2022 Analysis by Size, Share Trends, [CAGR of 28.7%], Qualitative Outlook, and Forecast till 2030
Report Ocean published the latest research report on the Cloud Data Center market. In order to comprehend a market holistically, a variety of factors must be evaluated, including demographics, business cycles, and microeconomic requirements that pertain precisely to the market under study. In addition, the Cloud Data Center market study demonstrates a detailed examination of the business state, which represents creative ways for company growth, financial factors such as production value, key regions, and growth rate.The Cloud Data Center market is expected to reach $67.5 billion by 2023′ growing at a CAGR of around 28.7% during the forecast period.
The digital economy affects the world's trajectory and the societal well-being of common citizens. In addition, it influences everything from resource assignment to income allocation and economic growth. The adoption of the Internet of Things is pushing significant market growth. Additionally, in 5-10 years, the latest technologies such as robotics, AI, and augmented reality can illustrate around 27% of ICT spending. Consumer demand for access to content and products at any time and from any location is propelling the ICT market forward. The ICT sector is lucrative for vendors since it has about 7 billion mobile subscribers and 3 billion Internet, users.
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Overview:
Cloud computing is a transformation in the IT industry changing the nature of the competition within the computer industry. Organizations' such as Cisco Systems' Amazon' Google' Microsoft' and IBM' believe that the cloud will be controlling the IT resources as well as helping in reducing TCO. Cloud computing revolutionizes the way IT resources are being deployed' configured' and managed. With the increase in the use of cloud computing' storage environment has also changed. There are several converging trends such as an increase in number of users' IT consumerization' and more data and devices pushing the storage environment to a new level. These technologies are not only driving the cloud market' but also pushing the use of technologies that will support cloud computing.
Cloud data center is a repository' which can be either physical or virtual used for management' storage' and transmission of data. It requires minimal maintenance cost when compared to the servers. They have their own power supply in case of electricity failure. They are cost-effective and require less resource' thereby attracting end-users to use cloud deployment rather than servers.
Market Analysis:
According to Reportocean Research' the Cloud Data Center market is expected to reach $67.5 billion by 2023′ growing at a CAGR of around 28.7% during the forecast period. Businesses are reassessing their data centres and locating to different places. They are trying to use emerging technologies to build dynamic' scalable next-generation data center that will response to changing business needs without increasing the cost and overspending on service levels. Moreover' there is growing demand from North American companies as the cloud technology will help in storing data and information cost-effectively' increasing the efficiency' agility' and flexibility of the data center.
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Software Analysis:
Software is the major boosting factor for the cloud data centers market. The major technology providers have joined hands with the cloud and third-party providers to offer innovative data center solutions' which enable the end-users to store their data on the cloud with better security features. The software market is further segmented into storage' server' and networking. In 2017′ cloud storage had a major share of the market and is expected to reach $22.99 billion by 2023′ growing at a CAGR of 27.6% during the forecast period 2017-2023.
Regional Analysis:
Currently' the Americas is having the majority of the market share mainly due to advancements in technology. The market is witnessing prominent growth in countries such as the US and Canada. Americas is followed by Europe in terms of high market share. The regional government initiatives for using cloud computing and reducing the operational cost fosters the growth in the region. APAC is spending hugely in development of data centers and sharing knowledge about the use of cloud computing. LAMEA is expected to have a positive growth in the market' which will offer huge opportunities for key players to provide innovative solutions in the region.
Key Players:
The key players covered in the report are Microsoft' AWS' Cisco Systems' IBM' and Google.
Competitive Analysis:
The study covers and analyzes the Cloud Data Center market. Bringing out the complete key insights of the industry' the report aims to provide an opportunity for players to understand the latest trends' current market scenario' government initiatives' and technologies related to the market. In addition' it helps the venture capitalists in understanding the companies better and take informed decisions.
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Benefits:
The report provides an in-depth analysis of the cloud data center market aiming to reduce time to market for products and services' reduce operational and cooling costs' improve business efficiency' and operational performance. The report talks about software' services' service models' end-user' and regions. With the information offered' key stakeholders can know about the major trends' drivers' investments' vertical player's initiatives' and public private partnership (PPP's) interest toward the adoption of the technology. Further' the report provides details about the major challenges impacting market growth.
Key Stakeholders:
Data center manufacturers' network providers' software providers' data security solution vendors' policy makers' standard development organizations' investor community' university researchers' blog writers' and technology magazines.
Region/Country Cover in the Report
Regions-Americas' Europe'APAC'LAMEA'Asia Pacific
Key Players Covered in the Report
Microsoft' AWS' Cisco Systems' IBM' and Google.
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Table of Content:
Market Definition and Overview
Research Method and Logic
Market Competition Analysis
Product and Service Analysis
Strategies for Company to Deal with the Impact of COVID-19
Market Segment by Type, Historical Data and Market Forecasts
Market Segment by Application, Historical Data and Market Forecasts
Market by by Region, Historical Data and Market Forecasts
Market Dynamic Analysis and Development Suggestions
What is the goal of the report?
The market report presents the estimated size of the Industrial automation market at the end of the forecast period. The report also examines historical and current market sizes. During the forecast period, the report analyzes the growth rate, market size, and market valuation. The report presents current trends in the industry and the future potential of the North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa markets. The report offers a comprehensive view of the market based on geographic scope, market segmentation, and key player financial performance.
Available Customization
The following customization options are available for this report:
> Trends for other verticals including retail' travel' and hospitality
> Country-specific trends and market analysis
> Rest of the World (RoW) Region-specific market analysis
> Additional company profiles
Apart from the existing market analysis' Reportocean can also offer a wide array of custom-tailored studies as per the company's specific needs.
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About Report Ocean:
We are the best market research reports provider in the industry. Report Ocean believes in providing quality reports to clients to meet the top line and bottom line goals which will boost your market share in today's competitive environment. Report Ocean is a 'one-stop solution' for individuals, organizations, and industries that are looking for innovative market research reports.
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Address: 500 N Michigan Ave, Suite 600, Chicago, Illinois 60611 - UNITED STATES Tel: +1 888 212 3539 (US - TOLL FREE)
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