The Report Cloud Data Center Market - Global Drivers, Restraints, Opportunities,
Trends, and Forecasts to 2023 gives a detailed
analysis on the global market for cloud data center market. The Cloud Data
Center market is expected to reach USD 67.5 billion by 2023, growing at a CAGR
of around 28.7% during the forecast period. Moreover, there is growing demand
from North American companies as the cloud technology will help in storing data
and information cost-effectively, increasing the efficiency, agility, and
flexibility of the data center. The top players in the global market are
Microsoft, AWS, Cisco Systems, IBM, and Google.
Storing data in cloud or cloud storage is
growing in relevance and is disrupting the whole storage market. Cloud storage
provides invaluable services to various firms like Amazon, Google, Facebook,
Dropbox and so on. Several other resources are offered to the user without
having to use the hardware. Users can save anything from text to videos on the
cloud software. This service provides centralised computation, which is managed
through a data center. Many organisations are investing more on cloud storage
to help in its growth. Most of these cloud servicers provide these storage
facilities in exchange for a nominal fee to the users.
The services offered by the cloud servicers
are diversifying and this is propelling the growth of data centers. They offer
services like collocation services and as managed collocation services, interconnection,
cloud connectivity and managed hosting services. The
implementation of these services is likely to improve functioning of facilities
across various markets globally. They also ensure regular maintenance of
infrastructure and real – time monitoring of power consumption. These will
ensure significant cost savings for the companies.
Cloud storage providers use artificial
intelligence to manage facilities that ensure reliability, scalability and
efficiency of operations. Employment of artificial intelligence will contribute
for the increased revenues to the cloud data centers. Many governments and
organisations increasingly are investing towards developing digitalised
economies by laying fibre cables to improve local and urban connectivity. Thus,
the use of 4G LTE technology is another driving factor in the market. The
growing relevance of edge computing is another reason of growth of secondary
data centers. Further, the use of IoT, big data will also lead to high –
performance data centers.
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Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
Sales@kenresearch.com
+91-9015378249
Ken Research
Ankur Gupta, Head Marketing & Communications
Sales@kenresearch.com
+91-9015378249
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