The data center market is expected to reach US$517.17 billion by 2030


by Aratrika Dutta

January 19, 2022

The widespread proliferation of IoT and cloud computing has provided tremendous growth to the data center market

Global Data Center Market was valued at US$187.35 Billion in 2020 and is projected to reach US$517.17 Billion by 2030, registering a CAGR of 10.5% from 2021 to 2030, according to Allied Market Research. A company’s physical data center facility is designed to share computing operations and equipment to store, process, and serve data and applications. Further, a data center is a business based on a network of computer applications and storage solutions to share information and data. The shift from traditional on-premises physical servers to virtual network-based data center, due to advances in multi-cloud computing, is driving the growth of data centers globally. A modern enterprise data center can communicate with multiple sites, both in the cloud and on-premises.

A data center is a physical facility used to hold business-critical applications and data. The design of a data center relies on a network of computers and storage resources to provide shared applications and data. Routers, switches, firewalls, storage systems, servers, and application delivery controllers are the key components of a data center design. Since these rooms store and manage critical business data and applications, data center security is critical to data center design. To support center hardware and software, data center components require significant infrastructure. These include power subsystems, uninterrupted power supplies (UPS), ventilation, cooling systems, fire suppression, backup generators, and external network connections.

The widespread proliferation of the Internet of Things and cloud computing has provided stellar growth avenues for data centers. Both developed and emerging economies have witnessed the impressive advancement of data centers, with enterprises spending to develop new storage centers and data deployments. Connected systems have fueled the growth of the market and created many opportunities for data center businesses and data center knowledge.

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