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Mega Data Center Market Predicted to Reach $20.55B by 2019
The rapidly increasing volume of data generated is creating huge demand for data storage, giving rise to the emergence of very large scale data centers. As more and more enterprises are moving to the cloud, and as the usage of smartphones increases along with the magnifying access to real-time data, mega data centers are getting more attention. With benefits like economies of scale and better manageability, mega data centers are emerging as efficient solution.
Mega data centers demand an infrastructure in large scale, and they offer its owners significant reduction in the operational cost. But, huge initial investments, low availability of resources and high probability of error multiplication are some of the factors presenting challenges in this market. In-spite of such challenges, various organizations have already adopted or are initiating the adoption of mega data centers.
MarketsandMarkets, a global market research and consulting company based in the U.S, forecasts the mega data center market to grow from $16.35 billion in 2014 to $20.55 billion by 2019. In terms of regions, NA and EU are expected to be the largest market in terms of revenue contribution, while APAC is expected to experience an increase in market traction, during the forecast period.
MarketsandMarkets new report, titled "Mega Data Center Market by Solutions: Infrastructure (Server, Storage, Networking), Support (Power, Cooling, Security), Services (Professional, Monitoring, SI), & Users (Cloud, Colocation, Enterprises) - Global Forecasts & Analysis (2014-2019)," clearly defines and segments the mega data centers market into various sub-segments with an in-depth analysis and forecasting of revenues.
The report also identifies the factors driving this market, various restraints and opportunities impacting it along with the technology roadmap and adoption trends.
The market for mega data centers is driven by factors including associated cost benefits, increasing cloud and colocation services and better economies of scale, says the report.
MarketsandMarkets broadly segments the mega data centers market on the basis of solutions: IT infrastructure solutions which include servers, storage, and networking; and support infrastructure solutions which include power, cooling, security solutions, and management software; by services: system integration, monitoring services, and professional services; by end-users: cloud providers, colocation providers, and enterprises; By verticals: Banking and Financial services and Insurance, IT and telecom, media and entertainment and government; by regions: North America, Europe, Asia Pacific, Middle East and Africa and Latin America.
Edited by Alisen Downey
Data Center Power Resources
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