Shibuya-ku, Tokyo, Japan, Japan, Apr 19, 2022, 06:48 /Comserve / -- The data center market by revenue is expected to grow at a CAGR of 4.5% during the period 2022-2031.
The data center market by revenue is expected to grow at a CAGR of 4.5% during the period 2022–2031.
The global data center market size has witnessed a significant boost since the outbreak of the COVID-19 pandemic across the globe. The demand for data centers has increased because of the increased access to internet-related services aided by nation-wide lockdowns imposed by governments worldwide. The COVID-19 pandemic has significantly increased the internet traffic between 25% and 30% during the initial lockdown period (March-April) worldwide, which is 10X times than normal growth (~3% per month). Cloud-based services have observed a spike as organizations, including government bodies, require to transfer, store, and secure confidential data and information. Similarly, the impact of COVID-19 has been unprecedented on the IoT devices market. IoT-enabled devices have witnessed high acceptance for monitoring and surveillance purposes, especially in the healthcare sector.
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The following factors are likely to contribute to the growth of the data center market during the forecast period:
• Increase in the Procurement of Renewable Energy Sources
• High Innovations in Innovative Data Center Technology
• Increase in Adoption of 200/400 GbE Switch Ports
• Adoption of AI-Enhanced Liquid Immersion & Direct-to-Chip Cooling
The study considers the present scenario of the data center market and its market dynamics for the period 2020−2026. It covers a detailed overview of several market growth enablers, restraints, and trends. The report offers both the demand and supply aspects of the market. It profiles and examines leading companies and other prominent ones operating in the market.
Data Center Market Segmentation
The global data center market research report includes a detailed segmentation by infrastructure , IT infrastructure, electrical infrastructure, mechanical infrastructure, cooling technique, general construction, tier standards, geography. The IT infrastructure market is growing due to the increasing investment in data centers as well as hyperscale facilities. A majority of revenue is expected to be generated by server systems, followed by storage and network infrastructure during the forecast period. The introduction of artificial intelligence-based infrastructure solutions is influencing the overall market growth. The adoption of UPS with over 2 MW is high because of the increased construction of large and hyperscale facilities. Hyperscale operators are increasingly purchasing renewable energy sources to power their operations and reduce carbon emissions. To reduce power consumption, service operators are implementing innovative and energy-efficient cooling infrastructure solutions. The use of free cooling techniques has grown significantly over the last few years in regions that have favorable climatic conditions that can utilize evaporative/adiabatic coolers for data center cooling purposes. The cooling systems market is expected to grow over the next few years because of redundancy and high heat generation at the rack level.
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The adoption of cloud-based services and the development of hyperscale facilities are expected to be strong drivers for the global IT infrastructure market. North America is likely to witness an increase in the enterprise adoption of colocation spaces for operations, which, in turn, will increase the revenue for high-performance infrastructure. Artificial Intelligence and IoT will be a strong driving force for IT infrastructure procurement in the market during the forecast period.
Several data center facilities in North America have witnessed the implementation of 2N redundant UPS systems. Hyperscale operators are deploying end-of-rack UPS solutions supporting up to six racks. The increasing procurement of renewable energy will reduce the procurement of generator systems in the region. The UK, Germany, the Netherlands, France, and Ireland are the major contributors to the power infrastructure revenue in Western Europe. To conserve energy, the procurement of OCP-based infrastructure solutions and architecture is significant. The Nordic region is expected to witness the procurement of 48V DC UPS systems. Most facilities in the Nordic region are powered through renewable energy with grid stability of over 95%, which reduced the dependency on redundant generator systems.
The deployment of tall racks of 45U─52U is experiencing strong adoption in North America. Most data centers are designed based on the American Society of Heating, Refrigeration, and Air-conditioning Engineers (ASHRAE) guidelines. Data centers in North America are adopting air- and water-cooled chillers with the economizer mode to facilitate partial cooling of the facility using outside air.
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