Incorporation of AI & IoT is Accelerating the Demand in the Global Datacenter Market

According to the latest Arizton's market research report, the datacenter market size to cross USD 251 billion by 2026, growing at a CAGR of around 4.5% during the forecast period.

Datacenter Market Growth Analysis

Smartphones are one of the major network infrastructure and telecom providers that have installed a 5G network. 5G deployment, IoT proliferation, adoption of SDN & NFV tech, and video streaming are driving the growth of datacenter market. Moreover, it is expected that the number of connected devices will triple by the end of the forecast period. The smart city growth will involve datacenter market nearer to customer locations. All players are offering lithium-ion-based UPS systems for data center, which in turn will aid the growth of the datacenter market throughout the upcoming years. The increasing adoption of AI, IoT, and big data is likely to aid the growth converged and hyperconverged infrastructure.

Interesting Facts to know!

• Increased internet traffic between 25% and 30%, and adoption of cloud among enterprises owing to the COVID-19 pandemic has led to a strong growth in demand for data center services worldwide.
• North America led the data center market across the world, with a contribution of over 40% of the overall investment across the globe in 2020.
• Colocation uptake led to multiple new announcements on data center development in 2020.

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Key Offerings:

• Market Size & Forecast by Revenue | 2020-2026
• Market Dynamics – Leading trends, growth drivers, restraints, and investment opportunities
• Segmentation – A detailed analysis by infrastructure, IT infrastructure, electrical infrastructure, mechanical infrastructure, cooling technique, general construction, tier standards, and geography
• Competitive Landscape – 6 key data center critical infrastructure providers, 8 key data center support infrastructure providers, 7 key data center contractors, 10 key data center investors, and 76 other prominent vendors

Leading Region in the Datacenter Market

North America is the leading region in the global datacenter market. Owing to the early availability and adoption of innovative technology and investments. The US contributes around 45% of overall data center investment traffic across the globe and is also one of the largest contributors in the global data center power market. Advancements in 5G installation and increased data being generated because of digitization led to an increase in demand for edge data centers. Canada is an upcoming market owing to the accessibility to renewable energy sources and low power costs of around USD 0.05 per kWh. The North American datacenter market witness strong growth of AI-based infrastructure solutions, thereby, boosting the demand for data centers in the North American market.

What Strategies are Adopted by Players in the Datacenter Market?

The sudden outbreak of COVID-19, the revenues of leading datacenter market had slightly declined in Q1 2020, compared to revenues in Q2 2020. HPE is the leading vendor in the market with a share of around 16%, closely followed by Dell Technologies. The growth in revenues among the branded vendors, profits have risen even among ODM infrastructure providers in 2020. The demand for converged and hyperconverged solutions also experienced strong growth in the market. HPE is the leading vendor in the server market, and the company has witnessed a strong demand for its mission-critical server product portfolio. Atos is continuing to experience strong demand for its infrastructure solutions in the European markets as well as in the Asian market.

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