Mega Data Center Market
The Mega Data Center Market valued at USD 20,495 Million in 2019 and is expected to grow at a rate of 4.2% over the forecast period. Mega data centers offer huge storage capacity, bandwidth, and facilitate large scale data transfer.
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Mega Data Center Market Dynamics
The mega data centre offers various benefits such as high storage and computing capacity, bandwidth, and eases large-scale data transfers. The increasing need of linking data centre to acquire cost advantages has driven the mega data center market. Also, with the rising amount of data traffic, the demand for data storage has increased substantially. This is one of the major factors supplementing the mega data center market growth.
The growing deployment of cloud services for data storage is also contributing to the market growth. Several key players such as Amazon Web Services (AS), Google LLC, Microsoft Corporation, and Facebook, offers data centre services and have fully automated and self-healing data centres. The organizations are emphasising on reducing infrastructure by focussing on fewer and more utilized machines. Government bodies have encouraged the development of data centres which is also fuelling the market growth. For example, in the UAE, Khazna, the largest supplier of commercial wholesale data centre services, announced to set up data centres and raise the capacity over the next four years to provide infrastructure as organizations and government agencies are focussing on digitization. However, the need of huge initial investment and insufficient availability of resources are projected to restrain the mega data center market size.
Vertical Segment Analysis
Based on the vertical, the Banking, Financial Services and Insurance (BFSI) segment is projected to witness a faster growth during the forecast period. BFSI is a leading sector which produces a huge amount of data. The banking and banking structure needs data centre to fulfil customer needs, transactions, and other e-banking services such as self-inquiry, telebanking, among others. Moreover, as per the mega data center market report, the increasing trend of outsourcing their services rather than maintaining their own bank helps in reducing the cost of IT and operations of data centres.
Market Segmentation
Mega Data Center Market by Solution
- IT Infrastructure Solutions
- Servers
- Storage
- Networking
- Support Infrastructure Solutions
- Power Solutions
- Cooling Solutions
- Security Solutions
- Management Software
Mega Data Centre Market by Service
- System Integration Services
- Monitoring Services
- Professional Services
Mega Data Centre Market by Vertical
- Banking, Financial Services and Insurance (BFSI)
- Telecom and IT
- Media and Entertainment
- Government and Public
- Others
Global Mega Data Centre Market by User
- Cloud Providers
- Colocation Providers
- Enterprises
Mega Data Centre Market by Region:
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- North America
- United States of America
- Canada
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE
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