Data Center Market in GCC 2023: Size, Industry Analysis and Forecast 2028

IMARC Group, a leading market research company, has recently releases report titled "GCC Data Center Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028." The study provides a detailed analysis of the industry, including the gcc data center market growth, share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Industry Overview of GCC Data Center Market

A data center is a specialized facility that houses computer systems, servers, networking equipment, and infrastructure components. It is equipped with robust security measures, including access controls, surveillance cameras, biometric authentication, and security personnel to protect against unauthorized access and potential threats. It utilizes cooling systems to regulate the temperature and maintain an optimal environment for the efficient operation of servers and networking equipment. It helps in managing and delivering various digital services, applications, and information within an organization and across the internet. Besides this, as it enables businesses to access their data and services from remote locations, the demand for data center is increasing across the GCC region.

How Big Is the GCC Data Center Market?

The gcc data center market size reached 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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GCC Data Center Market Trends and Drivers:

There is a rise in data generation and consumption across various sectors, including finance, telecommunications, healthcare, and government in the GCC region, which is favoring market growth. Additionally, the increasing adoption of digital business models and advanced technologies, such as the Internet of Things (IoT) and artificial intelligence (AI) is catalyzing the demand for efficient data storage and processing capabilities. Apart from this, with the increasing threat of cyberattacks and data breaches, businesses in the GCC are prioritizing data center solutions that offer advanced security features, redundancy, and disaster recovery capabilities. Furthermore, the rising utilization of cloud-based services to optimize operations, store data, and deploy applications is escalating the need for secure, high-performance data centers in the region.

What Is Included in Market Segmentation?

The report has segmented the market into the following categories:

Application Insights

The report has also provided a detailed breakup and analysis of the GCC data center market based on the application. This includes banking financial services & insurance (BFSI), government, IT and telecom, media, retail, manufacturing, and others. According to the report, IT and telecom represented the largest segment.

Type Insights

A detailed breakup and analysis of the GCC data center market based on the type has also been provided in the report. This includes enterprise data centers, colocation data centers, edge data centers, and hyperscale data centers. According to the report, colocation data centers accounted for the highest market share.

Component Insights

The report has also provided an exhaustive breakup and analysis of the market based on the component. This includes hardware, software and service. According to the report, hardware accounted for the highest market share.

Size Insights

The report has also provided an exhaustive breakup and analysis of the market based on the size. This includes small data center, mid-size data center, and large data center. According to the report, large data center accounted for the highest market share.

The report provides a comprehensive analysis of the industry key players listed below:

The Major Players in the market are Amazon Web Services, Inc., Equinix, Inc., Etisalat, Khazna, Microsoft.

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This release was published on openPR.