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DUBLIN, April 16, 2024 (GLOBE NEWSWIRE) — “Global Data Center Solutions Market Size, Share and Trend Analysis Report” By Offerings, By Tier Type (Tier 4, Tier 3, Tier 2, and Tier 1 ), Data Center Outlook and Forecast by Size, Data Center Type, and Region, 2023-2030 report added ResearchAndMarkets.com Recruitment.
The global data center solutions market size is expected to reach $711.5 billion by 2030, and the market is expected to grow at a CAGR of 11.5% during the forecast period.
Virtualization software allows organizations to abstract physical hardware resources and create virtual instances of servers, storage, and networking components. Therefore, the virtualization software sector earned him a revenue of $958.1 million in the market in 2022. Virtualization allows organizations to optimize resource utilization, reduce hardware sprawl, and maximize data center infrastructure efficiency by consolidating multiple virtual machines (VMs) onto a single physical server. can.
Cardinal Matrix – Market Competition Analysis
Based on the analysis shown in the Cardinal Matrix. Google and Microsoft are pioneers in this market. For example, in May 2023, Microsoft Corporation launched its first modern cloud region in Central and Eastern Europe, located in Poland. This development marks an important step in Poland's digital transformation and connects the country to the most extensive cloud infrastructure in the world. Companies such as Equinix, Inc., Huawei Technologies Co., Ltd., and KDDI Corporation are some of the leading innovators in the market.
Market growth factors
Globally, organizations are increasingly moving their IT infrastructure and services to cloud platforms, and the demand for data centers that can support and integrate with cloud environments is rapidly increasing. Cloud computing provides scalability, allowing businesses to scale their operations and resources based on demand. These solutions will be essential to providing the underlying infrastructure that supports the scalability requirements of cloud services. Thus, the increasing adoption of cloud computing is driving the market growth.
Additionally, the deployment of 5G technology will significantly increase data traffic due to faster data speeds and increased network capacity. The total business profit of companies in this sector amounted to approximately USD 197.9 billion (approximately RMB 1.4 trillion), an increase of 6.9% year-on-year. Similarly, 5G has achieved 53% penetration in Saudi Arabia, according to the Department for International Trade. Cumulative capital investment in digital infrastructure in Saudi Arabia has exceeded $24.8 billion over the past six years. Therefore, increasing deployment of 5G is driving the market growth.
Market restraints
Investing in compliance certifications, physical security systems, and cybersecurity measures increase initial costs, especially in data-sensitive industries. Organizations often require data center solutions that are customized to their specific needs. Designing and implementing such a customized infrastructure comes with additional costs to accommodate future growth, resulting in a higher overall initial investment. Therefore, high initial investment hinders market growth.
The leading companies in the market are competing with various innovative products to maintain their competitiveness in the market. The chart above shows the percentage of revenue distributed by some of the largest companies in the market. Key players in the market are adopting different strategies to meet the demands from different industries. The main development strategy in the market is geographical expansion.
Overview of major companies
Market report segmentation
by offering
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hardware
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IT module
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power module
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cooling module
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software
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Monitoring and management tools
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Automation and orchestration software
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Backup and disaster recovery
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security software
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virtualization software
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analysis software
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service
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Support and maintenance
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Integration and deployment
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Design & Consulting
By hierarchy type
By data center size
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large data center
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medium data center
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small data center
By data center type
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enterprise data center
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modular data center
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Colocation data center
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cloud data center
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edge data center
Vertical direction
For more information on this report, please visit https://www.researchandmarkets.com/r/1dczwd.
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