The global mega data center market size was USD 20.90 Bn in 2022 and is likely to reach USD 29.40 Bn by 2031, expanding at a CAGR of 5.2% during 2023–2031. The market growth is attributed to the increasing number of organizations seeking to expand their data storage capacity.
Mega data centers offer high storage capacity, bandwidth, and computing capacity, and facilitate large-scale data transfer. A mega data center refers to a single facility sprawling over large areas and employing a minimum of 15,000 servers.
In terms of power, these data centers are available in the range of 10 Mega-Watts (MW) to 100 MW. They are cost-effective, reliable, scalable, and efficient large-scale data storage solutions. Companies such as Facebook, Microsoft, Amazon, and Google have enormous data storage requirements and prefer to operate gigantic mega data centers to meet their storage requirements.
The global mega data center market is propelled by the growing demand for data center consolidation and the cost benefits associated with them. Growing usage of cloud services for data storage is also anticipated to drive the market during the forecast period. Mega data centers require huge investment and approval from government authorities.
The market report finds that the COVID-19 pandemic has negatively impacted the growth of the global market, due to the surging demand for cloud computing networks. The increasing trend for working from home is to the cloud applications and technology activities, which is expected to support the expansion of the global market.
Mega Data Center Market Dynamics
The global mega data center market report has up-to-date insights that help in formulating a strategic roadmap about the estimated market scenario and performance during 2023 to 2031.
Drivers
Increasing data traffic is driving the demand for data storage in the market. Companies are forced to operate several data centers, as it is easier and more cost-effective to operate a single mega data center. However, rising Demand for cloud and colocation services is expected to fuel the growth of the market.
Restraints
High investment and installation costs and a lack of technical support can restrain the market growth during the forecast period. Growing digital demand and virtualization are generating a large amount of data, which requires effective data storage solutions. Thus, such a factor is anticipated to positively impact the global mega data center market.
Opportunities
An increasing number of IT companies investing in the latest technologies to reduce overall business costs and increase revenue is speculated to create lucrative opportunities for the mega data center market
Scope of Mega Data Center Market Report
The report on the global mega data center market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes
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Details
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Report Title
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Mega Data Center Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2022
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Historic Data
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2020–2021
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Forecast Period
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2023–2031
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Segmentation
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Solutions (Storage, Networking, Servers, Security, and Others), and Applications (BFSI, IT & Telecom, Government, and Media & Entertainment)
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Regional Scope
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Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
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Report Coverage
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Company Share, Market Analysis and Market Size, Competitive Landscape, Growth Factors, Market Trends, and Revenue Forecast
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Key Players Covered in the Report
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Cisco Systems, Inc.; Dell Inc.; Fujitsu; Hewlett Packard Enterprise Development LP; Intel Corporation; Emerson Electric Co.; Juniper Networks, Inc.; Schneider Electric; Vertiv Group Corp.; and NetApp
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Mega Data Center Market Segment Insights
Based on solutions, the market is divided into storage, networking, servers, security, and others.
The storage segment is expected to expand at a significant growth rate during the projection period, due to the increasing ability to access a vast amount of data and decreasing the cost of storage facilities. The growing adoption of IoT and cloud services are further spurring the segment growth.
On the basis of applications, the market is segmented into BFSI, IT and Telecom, government, and media & entertainment. The BFSI segment is expected to account for a major market share during the forecast period. This segment requires data centers to regulate the cost of operation. Moreover, it increasingly deploys mega data centers to store customers’ data.
In terms of region, the global mega data center market is segregated into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific is expected to dominate the market during the projection period, owing to the presence of technology giants and a large number of e-commerce players. The rising need to store data on the cloud has further increased the demand for data centers, especially in India.
North America is anticipated to exhibit a sustainable CAGR during the forecast period due to the growing demand for mega data centers in countries such as the US and Canada. North America is focusing on technological developments and the improvisation of business infrastructure.
Segments
The global mega data center market has been segmented on the basis of
Solutions
- Storage
- Networking
- Servers
- Security
- Others
Applications
- BFSI
- IT & Telecom
- Government
- Media & Entertainment
Region
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
- Cisco Systems, Inc.
- Dell Inc.
- Fujitsu
- Hewlett Packard Enterprise Development LP
- Intel Corporation
- Emerson Electric Co.
- Juniper Networks, Inc.
- Schneider Electric
- Vertiv Group Corp.
- NetApp
Competitive Landscape
Key players competing in the market are Cisco Systems, Inc.; Dell Inc.; Fujitsu; Hewlett Packard Enterprise Development LP; Intel Corporation; Emerson Electric Co.; Juniper Networks, Inc.; Schneider Electric; Vertiv Group Corp.; and NetApp
These companies adopted development strategies including mergers, acquisitions, partnerships, collaboration, product launches, and production expansion to expand their consumer base worldwide.
- In December 2022, T-Mobile teamed up with Cisco to launch the world’s largest highly scalable and distributed nationwide cloud native converged core gateway. The Un-carrier has moved all its 5G and 4G traffic to the new cloud-native core gateway, which immediately boosted the performance by more than a 10% improvement in both speed and latency.
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