Mega Data Center Market Size, Industry Trends Analysis 2031

Mega Data Center Market Size, Industry Trends Analysis 2031

Segments - Mega Data Center Market by Solutions (Storage, Networking, Servers, Security, and Others), Applications (BFSI, IT & Telecom, Government, and Media & Entertainment), and Region (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031

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Author : Raksha Sharma
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Fact-checked by : V. Chandola
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Editor : Shruti Bhat

Upcoming | Report ID :ICT-SE-931 | 4.8 Rating | 63 Reviews | 174 Pages | Format : PDF Excel PPT

Report Description


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.

Mega Data Center Market Outlook

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.

Mega Data Center Market Dynamics

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.

Attributes

Details

Report Title

Mega Data Center Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2022

Historic Data

2020–2021

Forecast Period

2023–2031

Segmentation

Solutions (Storage, Networking, Servers, Security, and Others), and Applications (BFSI, IT & Telecom, Government, and Media & Entertainment)

Regional Scope

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Market Size, Competitive Landscape, Growth Factors, Market Trends, and Revenue Forecast

Key Players Covered in the Report

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

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.

Mega Data Center Market Application

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.

 Mega Data Center Market Key Players

Frequently Asked Questions

Some of the key global mega data center market players 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

For region analysis, Asia Pacific dominates the global mega data center market during the forecast period.

The global mega data center market is estimated to register a compound annual growth rate (CAGR) of around 5.2% during the forecast period.

The global mega data center market size was valued at around USD 20.90 billion in 2022 and is likely to reach USD 29.40 billion by 2031.

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Mega Data Center Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Mega Data Center Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Mega Data Center Market - Supply Chain
  4.5. Global Mega Data Center Market Forecast
     4.5.1. Mega Data Center Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Mega Data Center Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Mega Data Center Market Absolute $ Opportunity
5. Global Mega Data Center Market Analysis and Forecast by Applications
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Applications
     5.2.2. Y-o-Y Growth Projections by Applications
  5.3. Mega Data Center Market Size and Volume Forecast by Applications
     5.3.1. BFSI
     5.3.2. IT & Telecom
     5.3.3. Government
     5.3.4. Media & Entertainment
  5.4. Absolute $ Opportunity Assessment by Applications
  5.5. Market Attractiveness/Growth Potential Analysis by Applications
6. Global Mega Data Center Market Analysis and Forecast by Region
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Region
     6.2.2. Y-o-Y Growth Projections by Region
  6.3. Mega Data Center Market Size and Volume Forecast by Region
     6.3.1. North America
     6.3.2. Latin America
     6.3.3. Europe
     6.3.4. Asia Pacific
     6.3.5. Middle East and Africa (MEA)
  6.4. Absolute $ Opportunity Assessment by Region
  6.5. Market Attractiveness/Growth Potential Analysis by Region
  6.6. Global Mega Data Center Demand Share Forecast, 2019-2026
7. North America Mega Data Center Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
  7.2. North America Mega Data Center Market Size and Volume Forecast by Country
     7.2.1. U.S.
     7.2.2. Canada
  7.3. Absolute $ Opportunity Assessment by Country
  7.4. North America Mega Data Center Market Size and Volume Forecast by Applications
     7.4.1. BFSI
     7.4.2. IT & Telecom
     7.4.3. Government
     7.4.4. Media & Entertainment
  7.5. Basis Point Share (BPS) Analysis by Applications
  7.6. Y-o-Y Growth Projections by Applications
  7.7. Market Attractiveness/Growth Potential Analysis
     7.7.1. By Country
     7.7.2. By Product Type
     7.7.3. By Application
  7.8. North America Mega Data Center Demand Share Forecast, 2019-2026
8. Latin America Mega Data Center Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Latin America Average Pricing Analysis
  8.2. Latin America Mega Data Center Market Size and Volume Forecast by Country
      8.2.1. Brazil
      8.2.2. Mexico
      8.2.3. Rest of Latin America
   8.3. Absolute $ Opportunity Assessment by Country
  8.4. Latin America Mega Data Center Market Size and Volume Forecast by Applications
     8.4.1. BFSI
     8.4.2. IT & Telecom
     8.4.3. Government
     8.4.4. Media & Entertainment
  8.5. Basis Point Share (BPS) Analysis by Applications
  8.6. Y-o-Y Growth Projections by Applications
  8.7. Market Attractiveness/Growth Potential Analysis
     8.7.1. By Country
     8.7.2. By Product Type
     8.7.3. By Application
  8.8. Latin America Mega Data Center Demand Share Forecast, 2019-2026
9. Europe Mega Data Center Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Europe Average Pricing Analysis
  9.2. Europe Mega Data Center Market Size and Volume Forecast by Country
     9.2.1. Germany
     9.2.2. France
     9.2.3. Italy
     9.2.4. U.K.
     9.2.5. Spain
     9.2.6. Russia
     9.2.7. Rest of Europe
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Europe Mega Data Center Market Size and Volume Forecast by Applications
     9.4.1. BFSI
     9.4.2. IT & Telecom
     9.4.3. Government
     9.4.4. Media & Entertainment
  9.5. Basis Point Share (BPS) Analysis by Applications
  9.6. Y-o-Y Growth Projections by Applications
  9.7. Market Attractiveness/Growth Potential Analysis
     9.7.1. By Country
     9.7.2. By Product Type
     9.7.3. By Application
  9.8. Europe Mega Data Center Demand Share Forecast, 2019-2026
10. Asia Pacific Mega Data Center Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Asia Pacific Average Pricing Analysis
  10.2. Asia Pacific Mega Data Center Market Size and Volume Forecast by Country
     10.2.1. China
     10.2.2. Japan
     10.2.3. South Korea
     10.2.4. India
     10.2.5. Australia
     10.2.6. Rest of Asia Pacific (APAC)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Asia Pacific Mega Data Center Market Size and Volume Forecast by Applications
     10.4.1. BFSI
     10.4.2. IT & Telecom
     10.4.3. Government
     10.4.4. Media & Entertainment
  10.5. Basis Point Share (BPS) Analysis by Applications
  10.6. Y-o-Y Growth Projections by Applications
  10.7. Market Attractiveness/Growth Potential Analysis
     10.7.1. By Country
     10.7.2. By Product Type
     10.7.3. By Application
  10.8. Asia Pacific Mega Data Center Demand Share Forecast, 2019-2026
11. Middle East & Africa Mega Data Center Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Middle East & Africa Average Pricing Analysis
  11.2. Middle East & Africa Mega Data Center Market Size and Volume Forecast by Country
     11.2.1. Saudi Arabia
     11.2.2. South Africa
     11.2.3. UAE
     11.2.4. Rest of Middle East & Africa (MEA)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Middle East & Africa Mega Data Center Market Size and Volume Forecast by Applications
     11.4.1. BFSI
     11.4.2. IT & Telecom
     11.4.3. Government
     11.4.4. Media & Entertainment
  11.5. Basis Point Share (BPS) Analysis by Applications
  11.6. Y-o-Y Growth Projections by Applications
  11.7. Market Attractiveness/Growth Potential Analysis
     11.7.1. By Country
     11.7.2. By Product Type
     11.7.3. By Application
  11.8. Middle East & Africa Mega Data Center Demand Share Forecast, 2019-2026
12. Competition Landscape
  12.1. Global Mega Data Center Market: Market Share Analysis
  12.2. Mega Data Center Distributors and Customers
  12.3. Mega Data Center Market: Competitive Dashboard
  12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     12.4.1. Cisco Systems, Inc.
     12.4.2. Dell Inc.
     12.4.3. Fujitsu
     12.4.4. Hewlett Packard Enterprise Development LP
     12.4.5. Intel Corporation
     12.4.6. Emerson Electric Co.
     12.4.7. Juniper Networks, Inc.
     12.4.8. Schneider Electric
     12.4.9. Vertiv Group Corp.
     12.4.10. NetApp

Methodology

Our Clients

Microsoft
Pfizer
FedEx Logistics
Nestle SA
General Electric
Honda Motor Co. Ltd.
Deloitte
sinopec