The latest report published by Report Ocean, titled “Data Center As a Service: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2023 to 2031,” offers a comprehensive assessment of the industry, including valuable insights into market trends. The report encompasses competitor and regional analysis, as well as the latest developments in the market. It serves as an excellent resource for investors, researchers, consultants, marketing strategists, and anyone planning to enter the market in any capacity.
Global Data Center as a Service Market is valued at approximately USD 52.7 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 26.2% over the forecast period 2022-2029. Data center as a service (DCaaS) is the provision of offsite physical data center facilities and infrastructure to clients. DCaaS enables the lease or rent access to the provider’s data center, networking, using the servers, storage, and other computing resources that is owned by the DCaaS provider. Factors such as increasing demand for connected devices, high data center ownership costs, and rising number of strategic initiatives by the key market players are burgeoning the market demand across the globe.
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As per the Statista report, in 2019, there was approximately 8.6 billion Internet of Things (IoT) connected devices were accounted for, which is projected to reach nearly 19.1 billion devices by 2025. Accordingly, the increasing usage of connected devices is propelling the demand for Data Center as a Service, which is accelerating global market growth.
In addition, an increase in the number of SMEs adopting digital technologies, as well as growing investment in R&D activities are presenting various lucrative prospects for market growth over the forecasting years. However, the lack of robust IT infrastructure in remote regions and rising data security concerns and privacy breaches are hindering stifles market growth throughout the forecast period of 2022-2029.
Reasons to buy:
Market Segmentation and Value Information: The report provides segmentation of the market and offers market value information for each segment and sub-segment studied. This allows for a detailed understanding of the market dynamics and opportunities within specific market segments.
Focus on Fastest Growing and Major Market Share Regions: The study identifies the regions and market segments that are predicted to experience the fastest growth and hold the majority of market share. This helps businesses focus their efforts and investments in high-growth areas.
Market Analysis by Geography: The report emphasizes the consumption of the product or service in different geographical areas. It identifies the market-affecting variables specific to each region, providing insights into regional market dynamics.
Competitive Landscape: The report includes the market rankings of major players and highlights recent partnerships, product/service launches, business expansions, and acquisitions by the profiled companies. This information aids in understanding the competitive landscape and industry trends.
Company Profiles: Detailed company profiles are provided for the top market players. These profiles include a business overview, company insights, product benchmarking, and SWOT analysis, enabling a comprehensive understanding of the key players in the market.
Market Outlook and Growth Potential: The report presents the current market outlook and future growth prospects, considering recent changes and developments. It identifies growth opportunities, drivers, obstacles, and restrictions in both developing and emerging regions.
Market Analysis using Porter’s Five Forces and Value Chain: The Market Report offers a comprehensive market analysis from different perspectives. It utilizes Porter’s five forces analysis to assess industry competitiveness and provides insights into the market using the Value Chain approach.
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Major market players included in this report are:
Amazon.com, Inc
Microsoft Corporation
Hewlett Packard Enterprise Development LP
Alphabet (Google)
IBM
Alibaba
Huawei Technologies Co., Ltd.
Dell Technologies, Inc.
Synology Inc.
DigitalOcean, LLC
Recent Developments in the Market:
In August 2022, Amazon Web Service (AWS) announced the introduction of the company’s second region in the Middle East, the AWS Middle East (UAE) Region.
This initiative supports entrepreneurs, startups, developers, and enterprises, along with government, nonprofit organizations, and education to run their applications by using advanced AWS technologies to drive innovation and serving end users from data centers across the United Arab Emirates (UAE).In August 2022, Semtech declared the launch of novel CopperEdge product portfolio for the usage in next generation 400G (4x100G) and 800G (8x100G) data center interconnects by using copper cable and backplane interconnects.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Infrastructure:
Servers
Storage
Networking
By Organization Size:
SMEs
Large Enterprises
By Vertical:
Retail
BFSI
IT & Telecom
Healthcare
Manufacturing
Others
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By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Key Questions the Report Discusses
What essential elements emerged from both primary and secondary research?
What will the market’s future potential be?
Who examines the market report’s complete outcome?
What obstacles and problems face the growth of an industry?
What does supply chain analysis for products and market size, share mean?
Which of the possible manufacturers is still operating in the market?
What are the advantages, benefits, and applications of the product’s features?
What are the main trends and influencing factors?
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About Report Ocean:
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