Cloud Data Center Market: Rapid Growth to $46.04B by 2028, Fueled by Cyber Cloud Data Centers and Major Trends

The cloud data center market size has grown rapidly in recent years. It will grow from $23.80 billion in 2023 to $27.22 billion in 2024 at a compound annual growth rate (CAGR) of 14.4%. The growth in the historic period can be attributed to increased scalability, increased cost efficiency, increased agility and flexibility, improved security posture, and green initiatives.

The cloud data center market size is expected to see rapid growth in the next few years. It will grow to $46.04 billion in 2028 at a compound annual growth rate (CAGR) of 14.0%. The growth in the forecast period can be attributed to edge-to-cloud orchestration, increasing cybersecurity threats, quantum computing development, a rise of containerization, increasing data privacy regulations, AI (artificial intelligence) and machine learning workloads, and 5G deployment. Major trends in the forecast period include data sovereignty and compliance, containerization, hybrid and multi-cloud strategies, AI-optimized infrastructure, and serverless computing.

Market Overview -
Cloud data centers refer to centralized facilities equipped with a network of servers, storage, and computing resources that are accessed remotely over the Internet. They provide scalable and on-demand computing services, allowing users to store, process, and manage data and applications without the need for on-site physical infrastructure.

Download Free Sample of Report -
https://www.thebusinessresearchcompany.com/sample.aspx?id=14290&type=smp

Cloud Services Fuel Expansion In The Cloud Data Center Market
The increase in demand for cloud services is expected to propel the growth of the cloud data center market going forward. Cloud services encompass a wide range of computing resources and applications that are readily available, on-demand, and delivered via the Internet. The demand for cloud services is increasing due to their scalability, accessibility, and security benefits. A cloud data center supports cloud services, offering the essential infrastructure and resources for hosting, processing, and delivering on-demand computing capabilities via the Internet. For instance, in December 2023, according to the European Commission (EC), a Belgium-based executive body of the European Union (EU), 42.5% of enterprises in the European Union (EU) bought cloud computing services. Primarily utilized for email, file storage, and office software, this marked a 4.2% increase compared to 2021. Therefore, the increase in demand for cloud services is driving the growth of the cloud data center market.

Competitive Landscape -
Major companies operating in the cloud data center market are Alphabet Inc., Microsoft Corporation, Verizon Corporation, Reliance Group, Amazon Web Services Inc., International Business Machines Corporation (IBM), Oracle Corporation, KDDI Telehouse, Fujitsu Limited, Eaton Corporation plc, Tencent Cloud, Lumen Technologies, HCL Technologies Limited, Alibaba Cloud, Schneider Electric SE, Google Cloud, Equinix Inc., General Electric Company, China Unicom, Capgemini SE, China Telecom Americas Inc., Cyxtera Technologies Inc., QTS Realty Trust Inc., Flexential Corp., AT&T Inc.

Cyber Cloud Data Centers Redefining Security And Efficiency In The Market
Major companies operating in the cloud data center market are focused on introducing new data center facilities, such as cyber cloud data centers, to boost their revenues in the market. Cyber cloud data centers refer to a data center infrastructure that integrates cloud computing services and emphasizes robust cybersecurity measures. For instance, in March 2023, Acronis International GmbH, a Switzerland-based software company, opened a new cyber cloud data center in Toronto, Canada. This is one of more than fifty cyber-cloud data centers in Acronis' global network. The Toronto data center provides Acronis partners with access to a wide range of cyber protection solutions, giving them the ability to create new services and offerings that can more efficiently and effectively manage their clients' data protection needs with faster access, continuous data availability, and the added benefit of data sovereignty.

Browse Full Report @
https://www.thebusinessresearchcompany.com/report/cloud-data-center-global-market-report

Key Segments -
The cloud data center market covered in this report is segmented -
1) By Service Model: Infrastructure As A Service Model, Platform As A Service-Model, Software As A Service-Model
2) By Deployment Model: Public, Private, Hybrid
3) By Organization Size: Small And Medium Enterprise, Large Enterprises
4) By End-Users: Banking, Financial Services And Insurance (BFSI), Colocation, Energy, Government, Healthcare, Manufacturing, Information Technology (IT) And Telecommunication, Other End-Users

Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics

Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info

Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model

Want To Know More About The Business Research Company?
The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialise in various industries including manufacturing, healthcare, financial services, chemicals, and technology.

Global Market Model - World's Most Comprehensive Database
The Business Research Company's flagship product, Global Market Model (www.thebusinessresearchcompany.com/global-market-model) is a market intelligence platform covering various macroeconomic indicators and metrics across 60 geographies and 27 industries. The Global Market Model covers multi-layered datasets which help its users assess supply-demand gaps

This release was published on openPR.