Growing demand for hyper-converged data centers and increasing investments in quantum computing are driving the demand for China data center market in the forecast period, 2023-2027.
According to TechSci Research report, “China Data Center Market By Region, Competition Forecast & Opportunities, 2027”, the China data center market is expected to grow at an impressive rate in the forecast period, 2023-2027. The growth of the business industry and the rise in the number of online users, coupled with the development of IT infrastructure, are expected to create growth opportunities for market growth. Implementation of advanced technologies leads to the growing demand for higher bandwidth networking infrastructure. Companies are acquiring and developing carrier-neutral edge data centers to support enterprises and construct hyper-scale data centers in the province.
The outbreak of COVID-19 made the government authorities take preventive measures to contain the spread of novel coronavirus. Enterprises, institutions, and the leading officials deployed many measures. They promoted the use of advanced technologies such as online classes to ensure that efficiency is not affected in the process. Organizations offered the employees facilities like work from home, bring your own device, and the e-commerce industry witnessed massive growth during this period. Production of data at a large scale and the continuous use of smart devices were significant drivers. They accelerated the development of China data center market in this period.
However, the requirement of high initial capital cost and privacy issues may restrain the growth of the China data center market in the forecast period.
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The China data center market is segmented on the basis of solution, type, end user industry, competitional landscape, and regional distribution.
On the basis of solution, the China data center market is divided into IT infrastructure, general infrastructure, electrical infrastructure, mechanical infrastructure, and others. The electrical infrastructure is expected to account for a significant market share in the forecast period. Data centers are designed to deploy 2N redundant UPS systems, generators, and other infrastructure adopting N+N redundancy. Data centers are of tier III and Tier IV standards, and the market players are continuous investments for the up-gradation of the existing infrastructure. The adoption of modular infrastructure solutions and smart power distribution systems (PDU )in prefabricated data center deployment is increasing rapidly, which is expected to create opportunities for the growth of the market in the forecast period.
On the basis of type, the China data center market is bifurcated into corporate and web hosting. The web hosting segment is expected to witness substantial growth in five years. Datacenter web hosting offers several advantages, including enhanced security, high uptime, improved site performance, and on-site technical support. Organizations prefer to avail web hosting services to help in the effective utilization of data and provide unlimited bandwidth.
On the basis of the end user industry, the China data center market is divided into IT & telecom, government, BFSI, healthcare, and others. The IT & telecom end user industry is expected to hold the largest market share in the predicted period. Earlier, the data center was designed to support internal functions, but nowadays, they deliver end-use applications, including video and content. Telecom industries are expected to bolster the demand for data centers in the forecast period to support cloud-based services, including software as a service (SaaS), infrastructure as a service (IaaS), as they are transforming and adopting modern solutions to stay ahead in the market.
Major market platers operating in the China data center market are:
- 21Vianet Group
- GDS Holdings Limited
- Alibaba Group Holding Limited
- China Mobile Limited
- Beijing Sinnet Technology Co. Ltd
- China Telecommunications Corporation
- Shanghai AtHub Co. Ltd.
- Wangsu Science & Technology Co. Ltd.
- China United Network Communications Group Co. Ltd.
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“Strong development initiatives taken up by leading authorities in Beijing for the digital transformation of the country and the increase in the amount of foreign direct investment for the development and construction of data center is expected to influence the market growth. Foreign investors can license their brand and technologies to China data center market players and deliver technical support and maintenance services to organizations expected to boost the proliferation of the data center market. Furthermore, consumption of high-resolution videos, cloud gaming, and self-driving cars, along with rapid adoption of 5G technology and emerging technologies by organization, is expected to create substantial growth opportunities for the growth for China data center market till 2027” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“China Data Center Market By Solution (IT Infrastructure, General Infrastructure, Electrical Infrastructure, Mechanical Infrastructure and Others), By Type (Corporate and Web Hosting), By End User Industry (IT & Telecom, Government, BFSI, Healthcare and Others), By Region, Competition Forecast & Opportunities, 2027”, has evaluated the future growth potential of China data center market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in China data center market.
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