Data Center Equipment Market Forecast: From Servers to Storage Devices, Trends to Watch Till 2031
Data Center Equipment Market Size, Share & Trends Analysis Report By Application (Large scale enterprise, Medium scale enterprise), By Product (Servers, Power Distribution Systems, Servers, Storage Devices, Others) and Geography (North America, Europe, Asia-Pacific, Middle East and Africa, and South America), Global Economy Insights, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast Till 2031.
The Data Center Equipment Market size was USD 50.35 Billion in 2022. Covid-19’s impacts have been unprecedented and staggering on a global scale, with the pandemic leading to negative demand shocks for the data center equipment market across all domains and regions. Between 2023 and 2031, the market is projected to grow at a CAGR of 12.4%, from USD 51.82 billion in 2023 to USD 120.36 billion in 2031. The sudden rise in CAGR is attributed to this market growth returning to the pre-pandemic level once the pandemic is over.
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A recent market research report added to the repository of Intellectual Market Insights Research is an in-depth analysis of the United State Data Center Equipment Market. Based on historic growth analysis and current scenario of Data Center Equipment marketplace, the report intends to offer actionable insights on global market growth projections. Authenticated data presented in the report is based on findings of extensive primary and secondary research. Insights drawn from data serve as excellent tools that facilitate deeper understanding of multiple aspects of the global Data Center Equipment market. This further helps users with their developmental strategy.
Data Center Equipment Market Players Analysis:
- Cisco Systems Inc.
- Dell Technologies Inc.
- Hewlett Packard Enterprise Development LP
- Huawei Technologies Co. Ltd.
- IBM Corporation
- Intel Corporation
- Lenovo Group Limited
- NEC Corporation
- NetApp Inc.
- Schneider Electric SE
- Siemens AG
- Vertiv Group Corp.
- Broadcom Inc.
- Fujitsu Limited
- Hitachi Ltd.
Data Center Equipment Market Segmentation Analysis:
By Application:
By application, the data center equipment market can be segmented into various categories, including large-scale enterprises and medium-scale enterprises. Here is a brief analysis of each of these segments:
Large-Scale Enterprises: Large-scale enterprises refer to businesses that have a significant amount of data and require high-performance computing power to manage their operations. These companies typically require data centers that are large in size and have complex networking equipment, storage systems, and servers. In terms of data center equipment, large-scale enterprises are some of the biggest consumers of servers, storage systems, networking equipment, and cooling systems. These companies are also likely to adopt advanced technologies such as artificial intelligence, machine learning, and cloud computing, which require specialized data center equipment to support their operations.
Medium-Scale Enterprises: Medium-scale enterprises are smaller than large-scale enterprises and typically have less data to manage. However, they still require reliable and efficient data center equipment to support their business operations. Medium-scale enterprises may have smaller data centers that require less equipment, but they still need to invest in servers, storage systems, networking equipment, and cooling systems to ensure the availability and security of their data. These companies may also adopt cloud computing and other advanced technologies to improve their operational efficiency and competitiveness.
By Product:
The data center equipment market can also be segmented by product type, including:
Servers: Servers are a crucial component of data center equipment, as they provide computing power to run applications and manage data. The demand for servers is driven by the increasing need for high-performance computing to support data-intensive applications and workloads. Servers can also be customized to meet specific needs, such as high-speed data processing, storage capacity, and security.
Power Distribution Systems: Power distribution systems are responsible for distributing power to all the components of a data center. These systems include electrical switchgear, transformers, and uninterruptible power supply (UPS) units, which ensure uninterrupted power supply to the data center equipment. The demand for power distribution systems is driven by the need for reliable and efficient power supply to ensure the uninterrupted operation of the data center.
Storage Devices: Storage devices are used to store and manage data in a data center. These devices include hard disk drives (HDDs), solid-state drives (SSDs), and other types of storage devices. The demand for storage devices is driven by the increasing amount of data generated by businesses and the need for efficient and reliable storage solutions to manage this data.
Others: Other data center equipment includes networking equipment, cooling systems, and other infrastructure components that support the operation of the data center. The demand for these components is driven by the need to ensure the smooth operation of the data center and to improve its performance and efficiency.
Regional Analysis:
North America accounted for the highest xx% market share in terms of revenue in the Data Center Equipment market and is expected to expand at a CAGR of xx% during the forecast period. This growth can be attributed to the growing adoption of Data Center Equipment. The market in APAC is expected to witness significant growth and is expected to register a CAGR of xx% over upcoming years, because of the presence of key Data Center Equipment companies in economies such as Japan and China.
The objective of the report is to present comprehensive analysis of Global Data Center Equipment Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language.
Key Benefits for Data Center Equipment Market Reports:
The analysis provides an exhaustive investigation of the global Post-Consumer Data Center Equipment Market together with the future projections to assess the investment feasibility. Furthermore, the report includes both quantitative and qualitative analyses of the Post-Consumer Data Center Equipment Market throughout the forecast period. The report also comprehends business opportunities and scope for expansion. Besides this, it provides insights into market threats or barriers and the impact of regulatory framework to give an executive-level blueprint the Post-Consumer Data Center Equipment Market.
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