/Data Center Market Worth USD 96.99 Billion, at 10% CAGR During 2018-2022| Technavio (via Qpute.com)
Data Center Market Worth USD 96.99 Billion, at 10% CAGR During 2018-2022| Technavio

Data Center Market Worth USD 96.99 Billion, at 10% CAGR During 2018-2022| Technavio (via Qpute.com)

LONDON–()–According to Technavio Research Report “Data Center Market by components (IT infrastructure, general construction, power management systems, cooling systems, and security solutions) and geography (the Americas, APAC, and EMEA) is witnessed to grow USD 96.99 billion, at a CAGR of 10% from 2018 to 2022”.

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Global data center market: Top emerging trend

Increasing interest towards quantum computing is an emerging trend in the data center market space. One of the major drivers for the global high-performance computing (HPC) market is the increasing interest towards quantum computing. As the amount of data keeps growing, having more efficient systems to solve complex mathematical problems has become critical to various industries. Quantum computing is a technology that applies the laws of quantum mechanics to computational ability.

A quantum computer, once developed at its highest potential, will be able to perform calculations that are thousands of times faster than modern supercomputers while consuming magnitudes less electricity. Therefore, the demand for quantum computing is expected to increase, which in turn will boost the growth of the global data center market, during the forecast period.

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Few Major Players for the Data Center Market are:

  • Alphabet

  • Amazon.com

  • Digital Realty Trust

  • Equinix

  • Microsoft

Increasing demand for cloud-based storage

Cloud computing has emerged as the key application trends in the software industry. Cloud storage has been gaining momentum across enterprises and organizations to improve the data availability with the existing systems. Various market players are increasingly ensuring the deployment of cloud technology to offer convenience to the users. This has further helped the consumers in accessing resources remotely and at their convenience without needing any supporting system hardware. Furthermore, growing investments in strengthening cloud infrastructure will lead the data center market to grow at an unprecedented rate during the next few years.

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