A mega data center is a large-scale data center facility that houses a massive amount of computing equipment, storage devices, and networking infrastructure. These data centers are designed to meet the demands of high-performance computing applications and support the needs of cloud service providers, large enterprises, and government agencies.
Sizing and Forecast
The mega data center market size has grown strongly in recent years. It will grow from $27.28 billion in 2023 to $28.98 billion in 2024 at a compound annual growth rate (CAGR) of 6.2%. The growth in the historic period can be attributed to surge in data generation and storage needs, digital transformation initiatives by businesses, cloud computing adoption and demand for scalability, rise of big data analytics and processing requirements, globalization of businesses and data accessibility..
The mega data center market size is expected to see strongly grown in the next few years. It will grow to $37.74 billion in 2028 at a compound annual growth rate (CAGR) of 6.8%. The growth in the forecast period can be attributed to increasing emphasis on edge computing architecture, growing demand for hybrid and multi-cloud deployments, escalating need for data security and compliance, integration of artificial intelligence in data processing, rapid growth in internet of things applications.. Major trends in the forecast period include implementation of artificial intelligence (ai) and machine learning (ml), hybrid and multi-cloud deployments, modular and scalable infrastructure, emphasis on data center sustainability certifications, integration of 5g technology..
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Segmentation & Regional Insights
The mega data center market covered in this report is segmented –
1) By Solution Type: IT Infrastructure Solutions, Support Infrastructure Solutions, Power Solutions, Cooling Solutions, Security Solutions, Management Software
2) By Services: System Integration, Monitoring Services, Professional Services
3) By Application: Cloud Providers, Colocation Providers, Enterprises
4) By End-User: BFSI (Banking, Financial Services, and Insurance), Telecommunications And Computing, Government, Media And Entertainment, Public, Other End-Users
North America was the largest region in the mega data center market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the mega data center market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
The increasing adoption of cloud services is expected to propel the growth of the mega data center market going forward. Cloud services refer to a wide range of IT resources and professional services that are supplied to businesses and customers on demand over the Internet. Cloud services are one of the primary uses of mega data centers, as they are essential for providing the infrastructure and services needed to support cloud computing. Additionally, the growing demand for digitalization has also favored the demand for cloud services. For instance, in October 2023, according to Exploding Topics, a US-based online platform that provides insights into emerging and trending topics, $178 billion is made annually from cloud infrastructure services. Therefore, the increasing adoption of cloud services is driving the growth of the mega data center market going forward.
Key Industry Players
Major companies operating in the mega data center market report are International Business Machines Corporation, Cisco Systems Inc., Dell Technologies Inc., Fujitsu Ltd., Intel Corporation, Heweltt Packard Enterprise Company, Schneider Electric SE, Juniper Networks Inc., EMC Corporation, Apple Inc., Meta Platforms Inc., Google LLC, Amazon Inc., Microsoft Corporation, Oracle Corporation, Equinix Inc., NTT Ltd., Digital Realty Trust Inc., Huawei Technologies Co. Inc., Lenovo Group Limited, Siemens AG, NetApp Inc., Hitachi Vantara Corporation, Wistron Corporation, Quanta Computer Inc., ABB Ltd., Samsung Electronics Co. Ltd., Vantage Data Centers LLC, EdgeCore Networks Corp., Sentinel Data Centers, MegaPort Ltd., QTS Realty Trust Inc.
The mega data center market report table of contents includes:
1. Executive Summary
2. Market Characteristics
3. Market Trends And Strategies
4. Impact Of COVID-19
5. Market Size And Growth
6. Segmentation
7. Regional And Country Analysis
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27. Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
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