Data center market size to increase by USD 615.96 billion between 2021 and 2026; Increasing adoption of edge computing identified as a key trend - Technavio
NEW YORK, March 16, 2023 /PRNewswire/ -- The data center market size is forecast to grow by USD 615.96 billion between 2021 and 2026, and the growth momentum will be accelerating at a CAGR of 21.98% during the forecast period. The increasing adoption of edge computing is identified as the key trend in the market. Edge computing reduces latency and improves service performance as the stored content is close to the client machine. The technology was initially implemented by SMEs. However, the growing demand for efficient and secure data management has also increased its implementation in large enterprises. The increasing popularity of this technology has encouraged many vendors to develop new edge computing platforms to help clients with their data management capabilities. All these factors are positively influencing the growth of the market. For more insights on the market size (2022 to 2026) – Request a report sample
By region, the global data center market is segmented into North America, APAC, Europe, South America, and MEA. North America will account for 35% of market growth during the forecast period. The increasing adoption of cloud services by enterprises across the US and Canada is driving the growth of the data center market in North America.
The data center market report includes information on the key products and recent developments of leading vendors, including:
The growth of the market is driven by factors such as the rise in adoption of multi-cloud and network upgrades to support 5G, demand planning and expansion by hyperscalers, and the growing demand among SMEs. However, cybersecurity issues will hinder the growth of the market.
The competitive scenario categorizes companies based on various performance indicators. Some of the factors considered include the financial performance of companies over the past few years, growth strategies, product innovations, new product launches, investments, and growth in market share among others. Request a Sample
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Table of contents:
1. Executive Summary
2. Market Landscape
3. Market Sizing
4. Five Forces Analysis
5. Market Segmentation by Component
6. Customer landscape
7. Geographic landscape
8. Drivers, Challenges, and Trends
9. Vendor Landscape
10. Vendor Analysis
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