Press release
GCC Data Center Market Size is Projected to Reach US$ 3.13 Billion by 2028
GCC Data Center Market
A GCC (Gulf Cooperation Council) Data Center refers to a data center facility located in one of the member countries of the Gulf Cooperation Council, which includes Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates. These data centers are specifically designed to cater to the unique requirements and demands of the Gulf region. They offer a secure and reliable infrastructure for hosting and managing critical data and applications. GCC Data Centers adhere to specific regulatory and compliance standards set by the respective countries, ensuring data sovereignty and privacy. These facilities are equipped with advanced technologies, robust network connectivity, and stringent security measures to meet the growing needs of businesses and organizations in the Gulf region for data storage, processing, and management.
How Big Is the GCC Data Center Market?
The GCC data center market reached a value of US$ 1.24 Billion in 2022. Looking forward, IMARC Group expects the market to reach a value of US$ 3.13 Billion by 2028, exhibiting a CAGR of 16.7% during 2023-2028.
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Global Industry Trends and Drivers:
The GCC Data Center market is influenced by several industry trends and drivers that shape its growth and dynamics. One significant trend is the rapid digital transformation and increasing adoption of cloud-based services in the Gulf Cooperation Council (GCC) countries. Organizations are increasingly relying on data centers to store and process their data and applications, driving the demand for data center infrastructure and services. Another trend is the growing need for data security and compliance. With the increasing volume of sensitive data being generated, stored, and processed, organizations are prioritizing data protection and privacy. GCC Data Centers, compliant with local regulations and standards, provide secure environments and ensure data sovereignty for businesses operating in the region.
The rise in IoT (Internet of Things) devices and the subsequent generation of massive amounts of data also drive the demand for data centers in the GCC. The need for real-time data processing, analytics, and storage fuels the growth of data center infrastructure to accommodate these requirements.
What Is Included In Market Segmentation?
The report has been segmented the market into following categories:
Regional Insights:
Saudi Arabia
UAE
Qatar
Bahrain
Kuwait
Oman
Application Insights:
Banking Financial Services & Insurance (BFSI)
Government
IT and Telecom
Media
Retail
Manufacturing
Others
Type Insights:
Enterprise Data Centers
Colocation Data Centers
Edge Data Centers
Hyperscale Data Centers
Component Insights:
Hardware
Software
Service
Size Insights:
Small Data Center
Mid-Size Data Center
Large Data Center
The report provides a comprehensive analysis of the industry key players listed below:
Amazon Web Services, Inc., Equinix, Inc., Etisalat, Khazna, Microsoft , etc.
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Contact us:
IMARC Group
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Email: sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
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About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
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