Press release
Mega Data Center Market Size, Analysis, Trends Report 2024 To 2033
Mega Data Center Market
The mega data center market size is expected to see strongly grown in the next few years. It will grow to $37.74 billion in 2028 at a compound annual growth rate (CAGR) of 6.8%. The growth in the forecast period can be attributed to increasing emphasis on edge computing architecture, growing demand for hybrid and multi-cloud deployments, escalating need for data security and compliance, integration of artificial intelligence in data processing, rapid growth in internet of things applications.. Major trends in the forecast period include implementation of artificial intelligence (ai) and machine learning (ml), hybrid and multi-cloud deployments, modular and scalable infrastructure, emphasis on data center sustainability certifications, integration of 5g technology..
Market Overview -
A mega data center is a large-scale data center facility that houses a massive amount of computing equipment, storage devices, and networking infrastructure. These data centers are designed to meet the demands of high-performance computing applications and support the needs of cloud service providers, large enterprises, and government agencies.
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Cloud Services Fueling The Surge In Mega Data Center Market Growth
The increasing adoption of cloud services is expected to propel the growth of the mega data center market going forward. Cloud services refer to a wide range of IT resources and professional services that are supplied to businesses and customers on demand over the Internet. Cloud services are one of the primary uses of mega data centers, as they are essential for providing the infrastructure and services needed to support cloud computing. Additionally, the growing demand for digitalization has also favored the demand for cloud services. For instance, in October 2023, according to Exploding Topics, a US-based online platform that provides insights into emerging and trending topics, $178 billion is made annually from cloud infrastructure services. Therefore, the increasing adoption of cloud services is driving the growth of the mega data center market going forward.
Competitive Landscape -
Major companies operating in the mega data center market report are International Business Machines Corporation, Cisco Systems Inc., Dell Technologies Inc., Fujitsu Ltd., Intel Corporation, Heweltt Packard Enterprise Company, Schneider Electric SE, Juniper Networks Inc., EMC Corporation, Apple Inc., Meta Platforms Inc., Google LLC, Amazon Inc., Microsoft Corporation, Oracle Corporation, Equinix Inc., NTT Ltd., Digital Realty Trust Inc., Huawei Technologies Co. Inc., Lenovo Group Limited, Siemens AG, NetApp Inc., Hitachi Vantara Corporation, Wistron Corporation, Quanta Computer Inc., ABB Ltd., Samsung Electronics Co. Ltd., Vantage Data Centers LLC, EdgeCore Networks Corp., Sentinel Data Centers, MegaPort Ltd., QTS Realty Trust Inc.
Revolutionizing Mega Data Centers Through Networking Solution For Low Latency And High Throughput
Technological advancements are the key trends gaining popularity in the mega data center market. Companies operating in the mega data centers market are adopting new technologies to sustain their position in the market. For instance, in June 2022, Arista Networks Inc., a US-based cloud network provider and software development company launched the 7130 series technology. Arista 7130L series is a powerful and flexible networking solution for applications that require low latency and high throughput. The Arista 7130L Series is a family of ultra-low-latency switches designed for high-performance computing and financial trading environments.
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https://www.thebusinessresearchcompany.com/report/mega-data-center-global-market-report
Key Segments -
The mega data center market covered in this report is segmented -
1) By Solution Type: IT Infrastructure Solutions, Support Infrastructure Solutions, Power Solutions, Cooling Solutions, Security Solutions, Management Software
2) By Services: System Integration, Monitoring Services, Professional Services
3) By Application: Cloud Providers, Colocation Providers, Enterprises
4) By End-User: BFSI (Banking, Financial Services, and Insurance), Telecommunications And Computing, Government, Media And Entertainment, Public, 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
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