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Global Data Centre And Cloud Service Market Is Growing At A CAGR In Double Digit In 2017-2022 And Is Expected To Reach ~450 USD Bn By 2027 - Ken Research
What Is The Size OF Global Data Center And Cloud Service Industry?The Global Data Center and Cloud Service Market is largely driven by owing to the new government policies like tax exemption, influx of huge investments from various companies and governments, digitization in IT sector, high density demand of end-users and young tech savvy population.
The growth of the Data Center and Cloud Service market can be attributed to several factors. Firstly, the rising adoption of ecommerce platforms by consumers across the world has led to increase in demand for fast and reliable delivery services. With the rise of online marketplace like amazon,
Secondly, advancement in technology have enabled Data Center and Cloud Service providers to improve their operations and offer more efficient services. Innovation such as autonomous vehicles, drones and robotics have the potential to revolutionize the logistics industry and reduce delivery times and cost
Furthermore, Covid-19 pandemics has accelerated the growth of the Data Center and Cloud Service market, as consumers have shifted to online shopping to avoid any physical stores and minimize the risk of infections.
This trend is expected to continue even after the pandemic as many consumers haven become accustomed to the convince of online shopping and are likely to continue using ecommerce platform in the future.
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Global Data Center and Cloud Service Market by type of Data Center
The Global Data Center and Cloud Service market is segmented by type of Data center into Colocation, Managed and Hyperscale. The co-location data center dominated the global data center and cloud service market in 2022.
The dominance of the colocation in the data center market can be attributed to factors like highly scalable and offers a wide range of services, from basic space and power to advance connectivity and managed services.
They offers high level of security and reliability with multiple layers of physical and digital security measure in place to protect customer data.
Global Ecommerce Logistics Market by Type of Co-location
The Global Data Center and Cloud Service Market is segmented by type of Co-location into Wholesale and Retail. Wholesale Co-location dominated the global data center and cloud services market in 2022.
The Dominance of the wholesale colocation segment can be attributed to several factors, like they provide a cost effective way for large enterprises and cloud service providers to build and manage their own data centers without the upfront capital cost and ongoing operational expenses.
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Global Data Center and Cloud Service MARKET by type of cloud services
The Global Data Center and Cloud Service market is segmented by type of cloud services into Infrastructure as a Service (IaaS), Software as a Service (SaaS) and Platform as a Service (PaaS).
Global Data Center and Cloud Service MARKET by Region
The Global Data Center and Cloud Service Market is segmented by Region into North America, Europe, Asia-Pacific, Middle East & Africa and South America.
North America region dominated the global data center and cloud service market in 2022. Followed by Asia- pacific region which is expected to dominate in the future.
For more insights on the market intelligence, refer to the link below:-
https://www.kenresearch.com/industry-reports/global-data-center-cloud-market
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