What Industry Forecasts Indicate for Data Centers?
Industry forecasts for data centers are optimistic, with anticipated global growth due to an increasingly digital world. The rise in cloud computing, IoT technology and Artificial Intelligence, contribute to this upsurge as more data is generated and needs to be stored securely. Furthermore, technological advancements promise economical, efficient, and more sustainable data management methods, enhancing industry appeal for potential investors.
What Opportunities are Offered by the Data Center Industry?
The sector presents significant opportunities for ICT companies and real estate investors engaged in data center operations. Driven by growing digitization and data creation trends, demand is high for scalable, efficient, and sustainable data centers. Additionally, the need to comply with various data regulation policies creates opportunities for companies offering optimal data governance solutions.
What Impact Has COVID-19 Had on Data Center Industry's Recovery?
The COVID-19 pandemic showcased the importance of data centers, as the global workforce shifted to remote working style and online service consumption surged, necessitating robust data management solutions. This trend has accelerated recovery for the industry, with many companies reevaluating and upgrading their digital infrastructure to better cope with such unforeseen circumstances, providing a boost to the data center industry.
Key Indicators
- Global Data Center Market Size
- Data Center Industry Growth Rate
- Adoption Rate of Cloud Computing
- Number of Data Breaches
- Data Center Power Consumption Rate
- Investment in Data Center Infrastructure
- Data Center Outsourcing & Infrastructure Utility Services Market Revenue
- Evolution of 5G and Impact on Data Centers
- COVID-19 Effect on Data Center Market
- Demand for Edge Computing and Its Impact on Data Centers
Key Trends
- Accelerating Digitization
- Adoption of Green Data Centers
- Increasing Implementation of AI and Machine Learning
- Rise of Edge Computing
- Advancements in Data Center Infrastructure Management
- Growing Popularity of Hyperscale Data Centers
- Shift to Hybrid IT Environments
- Increasing Colocation Services Demand
- Boost in Government Regulations and Data Privacy Laws
- COVID-19 Induced Cloud Adoption