The global Data Center Deployment Spending market was valued at USD 62.45 billion in 2019 and is expected to reach USD 128.37 billion by the year 2026, at a CAGR of 12.95%.
The widespread adoption of technology such as broadband and cloud computing has fueled demand for more IT capacity to expand data center capacity. The rise of third-platform technology, combined with advances in IoT and cloud computing, has necessitated a higher level of computational data and networking sources. With new data being produced at such a rapid rate, extracting intelligence from it in a timely manner has become much more difficult. Smart cities and intelligent buildings are developing new digital environments that make more data readily accessible.
One of the main factors driving demand for data center systems and technology, and thus accelerating market development, is the evolving cloud technology in data centers. Cloud technology is more adaptable since it can be accessed from a variety of devices and data can be recovered quickly. Cloud computing provides high speed, which aids the growth of other companies. The Datacenter Deployment Spending industry has benefited from the rise in demand for online shopping or e-commerce. Customers want more customized data and services are very beneficial for this Datacenter Deployment Spending. They assist in data collection and analysis.
The Data Center Deployment Spending Market is segmented by Product Type (Service Provider, Enterprise Provider), by Application (Localized, Mid-tier, High-end, Mega). The market is further analyzed on the basis of regional analysis and divided into major regions like North-America, Latin America, Asia-Pacific, Europe and MEA.
Further Key Findings From The Report Suggest
- The Asia-Pacific region is expected to develop at the fastest pace. India is one of the world's fastest-growing economies, and the development of public cloud-based data centers deployment is expected to accelerate.
- Qualcomm unveiled the 'Cloud AI 100' data center AI inference chip family in April 2019. For various use cases, the ASIC family of products may be available in a variety of form factors and thermal design points.
- Because of the growing number of banking applications, which has resulted in the exponential growth of data in the banking and financial services sector, the Datacenter Deployment Spending industry is expected to grow rapidly.
Key Participants like Microsoft, IBM, Google Inc., Digital Reality, AT&T, NTT Communication Corporation, HP Company, Cisco Systems, Equinix.
For this report, Introspective Market Research have segmented the Data Center Deployment Spending Market on the basis of Region:
Regional Outlook (Revenue in USD Million; Volume in Units, 2019-2026)
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia-Pacific
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of MEA
- Latin America
- Rest of LATAM