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NEW YORK, April 21, 2022 /PRNewswire/ — The data center market size is expected to increase at a CAGR of 5.1%, to $343.6 billion by 2030 from an estimated $220.0 billion in 2021, according to the market research report published by P&S Intelligence. The growth of the market is driven by the exponential increase in the volume of data, on account of the rising usage of mobile, analytics, social, and cloud services.
Key players offering hardware, software, and construction services for the establishment of such facilities are Oracle Corporation, NTT Communications Corporation, Microsoft Corporation, Hewlett Packard Enterprise, Equinix Inc., Amazon.Com Inc., IBM Corporation, and Alphabet Inc.
Get the sample pages of this report at: https://www.psmarketresearch.com/market-analysis/data-center-market/report-sample
Key Findings of Data Center Market Report
- The U.K. government announced proposals in July 2021 to encourage its technology industry and protect customers, by boosting competition in the digital sector. Therefore, the role played by the government is one of the major drivers for the market advance as it will result in the establishment of data storage and management facilities.
- Similarly, in February 2021, for wider and faster internet connectivity, the government of Malaysia announced plans to spend more than RM 56 billion on infrastructure. The aim is to develop the country’s digital economy, according to its 10-year plan.
- In 2021, the North American data center market was the largest, holding over 40% of the global share. There are over 2,600 data centers in the U.S., and many of them are located in northern California, where IT firms such as Uber, Twitter, Yelp, Google, and Facebook are headquartered.
- In April 2022, PHISON Electronics Corp. and Seagate Technology Holdings plc declared plans to widen their solid-state drive (SSD) portfolio, to aid data centers in decreasing their total cost of ownership (TCO).
- In 2020, data creation reached about 64.2…
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