Dublin, April 02, 2024 (GLOBE NEWSWIRE) -- The "Global Data Center Solutions Market by Offering (Hardware, Software, Services), Data Center Type (Enterprise Data Center, Cloud Data Center, Colocation Data Center), Tier Type, Data Center Size, Vertical and Region - Forecast to 2028" report has been added to ResearchAndMarkets.com's offering.
The data center solutions market is expected to grow from USD 338.8 billion in 2023 to USD 591.7 billion by 2028 at a Compound Annual Growth Rate (CAGR) of 11.8% during the forecast period. The rapid growth of AI and ML workloads and the cloud computing revolution will drive the demand for the data center solutions market. Scalability and flexibility issues are significant challenges for the growth of the data center solutions market. 
As per the hardware, the cooling modules segment is expected to grow at the highest CAGR during the forecast period.
Cooling modules are an integral component within the hardware segment of data center solutions, focused on managing and maintaining optimal operating temperatures for IT equipment. Adequate cooling is crucial for preventing overheating, ensuring hardware reliability, and maximizing the overall efficiency of data center operations. These modules encompass a range of technologies and systems designed to dissipate heat generated by IT infrastructure and maintain a conducive environment for electronic components. One key element of cooling modules is precision air conditioning systems. These systems provide targeted cooling to specific areas within the data center, delivering conditioned air to equipment racks and server aisles. Precision air conditioning allows for precise temperature control, ensuring IT equipment operates within optimal temperature ranges.
As per data center type, the enterprise data center will hold the largest market share in 2023.
Enterprise data centers provide complete control over data privacy and security. However, this also means that organizations must implement and maintain all security measures. Building and maintaining an enterprise data center involves significant capital expenditures for land, building construction, equipment, and ongoing operational costs. An onsite data center needs a reliable power supply and cooling system, an extensive network, a security system, and others, which can be tedious to support in-house, especially for SMEs.
As per region, Europe is anticipated to witness the second-largest market share during the forecast period
Europe's data center solutions market is marked by a dynamic landscape with increasing demand for advanced, scalable, and energy-efficient infrastructure. As a hub for technological innovation, Europe experiences substantial growth in data center investments to meet the evolving requirements of businesses and consumers. Key countries such as the United Kingdom, Germany, France, and the Netherlands significantly contribute to the region's data center market. Europe is witnessing a shift towards sustainable, green data center practices driven by environmental concerns and regulatory initiatives. There is a growing emphasis on utilizing renewable energy sources and implementing energy-efficient technologies to reduce the environmental impact of data center operations.
The report provides insights on the following:
- Analysis of critical Drivers (Cloud computing revolution, Increasing edge computing trends, Data explosion and analytics, Rapid growth of AI and ML workloads, Expansion of data center capacity, Increasing sustainability and green initiatives); Restraints (High initial investments, Complexity of implementation); Opportunities (Emergence of Generative AI, Growing demand for Edge Data Center-as-a-Service, Increasing demand for hybrid and multi-cloud deployments); and Challenges (Rapid technological advancements, Scalability and flexibility complexities, Security concerns) influencing the growth of the data center solutions market.
- Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the data center solutions market.
- Market Development: Comprehensive information about lucrative markets - the report analyses the data center solutions market across varied regions.
- Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the data center solutions market.
- Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players like AWS (US), Microsoft (US), Google (US), Equinix (US), and Dell (US), among others, in the data center solutions market.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 361 |
| Forecast Period | 2023 - 2028 |
| Estimated Market Value (USD) in 2023 | $338.8 Billion |
| Forecasted Market Value (USD) by 2028 | $591.7 Billion |
| Compound Annual Growth Rate | 11.8% |
| Regions Covered | Global |
Key Topics Covered:
Executive Summary
- Data Center Solutions Market Size and Growth, 2018-2022 (USD Million, Y-O-Y %)
- Data Center Solutions Market Size and Growth, 2023-2028 (USD Million, Y-O-Y %)
- Global Data Center Solutions Market to Witness Significant Growth
- North America Accounted for Largest Market Share in 2023
- Fastest-Growing Segments of Data Center Solutions Market
Premium Insights
- Attractive Growth Opportunities for Players in Data Center Solutions Market - Accelerating Demand for Digital Transformation and Cloud Services to Drive Market
- Data Center Solutions Market, by Offering, 2023 vs. 2028 - Hardware Segment to Account for Largest Market Share During Forecast Period
- Data Center Solutions Market, by Data Center Type, 2023 vs. 2028 - Enterprise Data Centers Segment Accounted for Largest Market Share in 2023
- Data Center Solutions Market, by Tier Type, 2023 vs. 2028 - Tier 4 Segment Accounted for Largest Market Share in 2023
- Data Center Solutions Market, by Data Center Size, 2023 vs. 2028 - Large Data Centers Segment Accounted for Largest Market Share in 2023
- Data Center Solutions Market, by Vertical, 2023 vs. 2028 - BFSI Segment to Account for Largest Market Share During Forecast Period
- Data Center Solutions Market: Regional Scenario, 2023-2028 - Asia-Pacific to Emerge as Key Market for Investment in Next 5 Years
Market Overview and Industry Trends
Drivers
- Cloud Computing Revolution
- Increasing Edge Computing Trends
- Data Explosion and Analytics
- Rapid Growth of AI and ML Workloads
- Expansion of Data Center Capacity
- Increasing Sustainability and Green Initiatives
Restraints
- High Initial Investments
- Complexity of Implementation
Opportunities
- Emergence of Generative AI
- Data Center Expansion in Developing Regions
- Growing Demand for Edge Data Center-As-A-Service
- Increasing Demand for Hybrid and Multi-Cloud Deployments
Challenges
- Rapid Technological Advancements
- Scalability and Flexibility Complexities
- Security Concerns
Case Study Analysis
- Microsoft Chose Immersion Cooling Tech by Liquidstack for Its Cloud Servers
- China Mobile International Deployed Local Data Center to Scale Japanese Market
- Stewart Engineered Continuous Uptime by Deploying Eaton's Products
- Thyssenkrupp Steel Expanded IT Infrastructure with Rittal's Edge Data Centers
- Careerbrain Fulfilled Requisite Competitive Customer Service Demands with Fujitsu Products
- Volkswagen Virtualized Server for Lower Cost and Improved Performance Through Fujitsu
Companies Profiled
- AWS
- Microsoft
- Equinix
- Dell Technologies
- Huawei
- Digital Realty
- NTT
- Kddi
- HPE
- Cyrusone
- China Telecom
- Cyxtera Technologies
- Gds Holdings
- Coresite
- QTS Data Centers
- 365 Data Centers
- Alibaba Cloud
- Oracle
- Iron Mountain
- IBM
- Schneider Electric
- Rackbank Datacenters
- Liquidstack
- Hyperview
- Dartpoints
For more information about this report visit https://www.researchandmarkets.com/r/fsg5hq
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
Attachment
