Dublin, Sept. 24, 2024 (GLOBE NEWSWIRE) -- The "Datacenters - Global Strategic Business Report" has been added to ResearchAndMarkets.com's offering.
The global market for Datacenters was estimated at US$289.7 Billion in 2023 and is projected to reach US$409.1 Billion by 2030, growing at a CAGR of 5.1% from 2023 to 2030.
The importance of datacenters in today's digital economy is underscored by their role in consolidating IT operations, optimizing resource utilization, and enabling economies of scale in IT operations.
How Are Datacenters Evolving with Advances in Technology?
The evolution of datacenters is significantly influenced by advancements in technology, particularly in the areas of virtualization, energy efficiency, and automation. Modern datacenters are moving towards more sustainable practices, including the use of green energy sources and innovative cooling technologies to reduce carbon footprints and energy consumption. Virtualization technology has transformed data storage and server operations, allowing for the creation of virtual machines that can operate independently on a single physical server, thus enhancing the scalability and efficiency of data resources.
Furthermore, automation in datacenters through software-defined networking (SDN) and software-defined data centers (SDDC) allows for more agile and flexible management of data resources. These technological innovations not only improve the operational capabilities of datacenters but also enhance their adaptability to changing IT environments.
What Challenges Do Datacenters Face in Today's Technological Landscape?
Despite their critical role in global IT infrastructure, datacenters face a host of challenges that impact their efficiency and sustainability. One of the primary concerns is the enormous energy consumption and heat generation associated with maintaining vast arrays of servers and storage systems, which pose significant environmental challenges.
Additionally, datacenters are subject to stringent security requirements to protect against data breaches and cyber threats, necessitating continuous updates and improvements in security measures. The rapid pace of technological change also requires datacenters to continually adapt and innovate to accommodate new hardware and software systems. Moreover, as data generation and consumption continue to grow exponentially, datacenters must scale their operations accordingly, which can involve significant financial and logistical challenges.
What Drives the Growth in the Datacenter Market?
The growth in the datacenter market is driven by several factors, starting with the exponential increase in data generation and consumption across industries. As businesses and consumers increasingly rely on digital services, the demand for robust, scalable, and secure IT infrastructure solutions like datacenters continues to rise. The proliferation of cloud computing has particularly spurred the expansion of datacenter facilities, as service providers seek to enhance their service delivery capabilities to meet consumer demands for speed and data availability.
Additionally, the ongoing digital transformation initiatives across various sectors necessitate the expansion of datacenter capacities to support enhanced data processing and storage needs. Economic factors, technological advancements, and the shift towards more energy-efficient and environmentally friendly datacenter solutions also contribute to the dynamic growth of the market. These drivers ensure that datacenters remain at the forefront of technological development, adapting to new challenges and opportunities in the IT landscape.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the IT Infrastructure segment, which is expected to reach US$220.2 Billion by 2030 with a CAGR of a 4.9%. The General Construction segment is also set to grow at 3.8% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, which was estimated at $78.8 Billion in 2023, and China, forecasted to grow at an impressive 4.9% CAGR to reach $65.2 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Key Questions Answered:
- How is the Global Datacenters Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as ABB Group, Amazon Web Services, Inc., Arista Networks, Inc., and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 192 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value (USD) in 2023 | $289.7 Billion |
| Forecasted Market Value (USD) by 2030 | $409.1 Billion |
| Compound Annual Growth Rate | 5.1% |
| Regions Covered | Global |
Key Topics Covered:
MARKET OVERVIEW
- Datacenters - Global Key Competitors Percentage Market Share in 2024 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
- Global Economic Update
MARKET TRENDS & DRIVERS
- Rising Global Data Consumption Drives Expansion of Datacenter Capacities
- Increasing Adoption of Cloud Services Spurs Growth of Hyper-Scale Datacenters
- Growing Focus on Energy Efficiency Promotes Innovations in Datacenter Cooling Technologies
- Surge in Demand for Edge Computing Enhances Development of Edge Datacenters
- Integration of Renewable Energy Sources Bolsters Sustainability in Datacenter Operations
- Expansion of AI and IoT Spurs Need for Advanced Datacenter Infrastructure
- Increasing Data Security Concerns Propel Enhancements in Datacenter Security Measures
- Innovations in Modular and Micro Datacenters Expand Market Opportunities
- Rising Trends in Datacenter Automation and Orchestration Bolster Efficiency
FOCUS ON SELECT PLAYERS (Total 38 Featured):
- ABB Group
- Amazon Web Services, Inc.
- Arista Networks, Inc.
- Atos SE
- Broadcom, Inc.
- Cisco Systems, Inc.
- CoreSite Realty Corporation
- Cyber Power Systems, Inc.
- CyrusOne, Inc.
- Cyxtera Technologies, Inc.
- Dell Technologies, Inc.
- Delta Power Solutions
- Digital Realty Trust, Inc.
- Eaton Corporation
- EdgeConneX, Inc.
- Emerson Electric Company
- Equinix, Inc.
- Flexential Corporation
- Fujitsu Ltd.
For more information about this report visit https://www.researchandmarkets.com/r/tz4ti0
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