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Data Center Infrastructure (DCI) Market Analysis
- Report ID: GMI2580
- Published Date: Jul 2023
- Report Format: PDF
Data Center Infrastructure Market Analysis
Based on component, the data center infrastructure market is bifurcated into hardware, software, and services. The software segment generated revenues over USD 2 billion in 2022 owing to the escalating need for efficient data management and automation, the growth of cloud computing, and virtualization. In addition, the increasing complexity of data center operations, the demand for real-time analytics and monitoring, and the focus on scalability and flexibility in managing data center resources have fueled the adoption of software products. These helps optimize data center operations, enhance resource utilization, and provide seamless management and control of infrastructure components, thus, propelling segment gains.
Based on application, the data center infrastructure market is classified into BFSI, Colocation, Energy, Government, Healthcare, Manufacturing, IT & telecom and others. The data center infrastructure industry share from the IT & Telecom segment is anticipated to grow at over 10% CAGR during the forecast period, driven by the exponential growth of data traffic and the expansion of 5G networks and IoT devices. The need for high-speed connectivity and low latency, the increasing demand for cloud services, and the requirement for robust security and data storage product will support the expansion of data center infrastructure in this space. Organizations in the IT and telecom sectors are investing in data center infrastructure to support their expanding network capacities, handle massive data volumes, ensure reliable and fast connectivity, and meet the evolving demands of digital services, streamline segment growth.
Asia Pacific data center infrastructure market held a significant share of around 20% in 2022 due to rapid digital transformation in various industries, the growing adoption of cloud computing and big data analytics, and the increasing demand for internet services and mobile connectivity. Additionally, the rise of e-commerce and digital payments and the emergence of smart cities in the region have augmented the need for robust data center infrastructure to support the region's booming digital economy and address the growing data storage, processing, and connectivity requirements
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Data Center Infrastructure Market Scope
