Jersey City, New Jersey, Sept. 30, 2021 (GLOBE NEWSWIRE) -- Verified Market Research recently published a report, “Data Center Market” By Type (Corporate Data Centers & Webhosting Data Centers), By Density (Low, Medium, High, and Extreme), By Vertical (Banking and Financial Services, Telecom and IT, Government & Healthcare), and By Geography. According to Verified Market Research, the Global Data Center Market size was valued at USD 49,926.48 Million in 2020 and is projected to reach USD 1,12,465.55 Million by 2028, growing at a CAGR of 10.99% from 2021 to 2028.
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Browse in-depth TOC on “Data Center Market”
202 - Pages
126 – Tables
37 – Figures
Global Data Center Market Overview
A data center is a physical facility used to contain critical applications and data by companies. The design of a data center is based on a network of computers and storage resources that allow shared applications and data to be supplied. Routers, switches, firewalls, storage systems, servers, and application delivery controllers comprise the key components of a data center design.
The rising importance of e-commerce databases is the primary factor contributing to the growth of the global data center market. E-commerce companies use data centers to store and transfer these data sets for various organizational operations such as branding, promotions, etc. Online retailers can track the various aspects of their e-commerce, including analytics or consumer details, via e-commerce data acquisition. Increasing digital transformation in emerging economies is further expected to drive the overall data center market growth around the world. Emerging economies such as China and India are therefore playing a big role in the growth of the data centers market. With the progression in technology, this period of digital transformation and innovative measures are being developed to make efficient data centers and related solutions.
Key Developments in Data Center Market
• Digital Realty has acquired Netherlands-based InterXion. InterXion is undergoing rapid data center expansion. The data center provider has several data center development projects under construction.
• Hewlett Packard Enterprise paves way for mass deployment of Open RAN in 5G networks with industry-first Open RAN Solution Stack.
The major players in the market are Digital Realty Trust Inc., Hewlett-Packard Inc, IBM Corporation, Cisco System Inc., Hitachi Ltd., CyrusOne, Global Switch, Lumen Technologies, Telehouse, and EMC Corporation.
Verified Market Research has segmented the Global Data Center Market On the basis of Type, Density, Vertical, and Geography.
- Data Center Market, By Type
- Corporate Data Centers
- Webhosting Data Centers
- Data Center Market, By Density
- Low
- Medium
- High
- Extreme
- Data Center Market, By Vertical
- Banking and Financial Services
- Telecom and IT
- Government
- Healthcare
- Others
- Data Center Market by Geography
- North America
- U.S
- Canada
- Mexico
- Europe
- Germany
- France
- U.K
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Rest of Asia Pacific
- ROW
- Middle East & Africa
- Latin America
- North America
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Top European data center companies: Magnum opus of IT industry
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