Data Centre Market NextGen Technological Advancements, Professional Survey & Industry Trends - 2022

The Data Center market is expected to garner lucrative market share by 2022, while registering itself at significant compound annual growth rate (CAGR) during the forecast period. A data center is a unified office for storage purposes and processing. It incorporates storage arrays, servers, networking equipment, and supporting services, for example, cooling and powering arrangements. Data centers are set up by ventures or business organization managing in cloud-based service offerings. There are likewise many ventures that are engaged with the development of facilities of data center with contemporary infrastructure and lease space for extensive endeavors and in addition SMEs, named as colocation and dealing with facilitating data center facilities. With the development of distributed computing and expanded utilization of enormous data analytics, there are various data centers being built up to fulfill the computing requirements of the ventures to offer proficient and high accessibility services. Such high demands have impelled the use of mega data centers or cloud data centers. Nevertheless, these data centers ingest bigger amount of power at the time of peak data-intensive operations, which will result in their renovations with respect to deployment and design in near future.

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Type Outlook and Trend Analysis

Based on the type, the global data center market is segmented into in-house data center, colocation and wholesale data center. The in-house data center which is also termed as a server room, is an on-site IT facility entirely outfitted and handled by the business enterprise’s IT department. It occurs in space inside an organization’s office or campus. The rest of the criteria such as power and backup, cooling, security demands, and bandwidth are fulfilled by the organization itself. On the other hand, colocation is a shared data center space in which an organization can take up a space on lease for several hardware and servers. Colocation renders HVAC, building, internet bandwidth, power, and customer supplies and retains the hardware. Lastly, a wholesale data center indicates a comparatively bigger data center wherein the provider only rents out large blocks of power and space, usually referred large cases or private suites, to its customers.

Market Classification

Data Centre Market, By Type, Estimates and Forecast, 2012-2022 ($Million)
In-House Data Center
Colocation
Wholesale Data Center

Data Centre Market, By Application, Estimates and Forecast, 2012-2022 ($Million)
IT Companies
BFSI
Educational Institutions
Government
Other Applications

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Research Methodology

We use both primary as well as secondary research for our market surveys, estimates and for developing forecast. Our research process commence by analyzing the problem which enable us to design the scope for our research study. Our research process is uniquely designed with enough flexibility to adjust according to changing nature of products and markets, while retaining core element to ensure reliability and accuracy in research findings. We understand both macro and micro-economic factors to evaluate and forecast different market segments.

Data Mining

Data is extensively collected through various secondary sources such as annual reports, investor presentations, SEC filings, and other corporate publications. We also refer trade magazines, technical journals, paid databases such as Factiva and Bloomberg, industry trade journals, scientific journals, and social media data to understand market dynamics and industry trends. Further, we also conduct primary research to understand market drivers, restraints, opportunities, challenges, and competitive scenario to build our analysis.

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