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Global Data Center Market 2018-2022 by Components - CAGR to Grow by 10.21% - ResearchAndMarkets.com

[February 14, 2018]

Global Data Center Market 2018-2022 by Components - CAGR to Grow by 10.21% - ResearchAndMarkets.com

The "Global Data Center Market 2018-2022" report has been added to ResearchAndMarkets.com's offering.

The analysts forecast the global data center market to grow at a CAGR of 10.21% during the period 2018-2022.

The report has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

One driver in the market is increasing demand for cloud-based storage. Cloud storage is one of the most important innovations that disrupted the storage market. It is an "on demand" service that is provided to users by various firms such as Amazon.com (News - Alert), Facebook, and Google. Several computer resources are offered to the user without the need of having hardware. Users can save text, file, images on a cloud-based platform.

One trend in the market is increasing interest towars quantum computing. One of the major drivers for the global HPC market is the increasing interest towards quantum computing. Current commercially available computers are slowly reaching the final level of their computational ability. As the amount of data keeps growing, having more efficient systems to solve complex mathematical problems have become critical to various industries.

One challenge in the market is increasing focus on data center consolidation. Infrastructure as a service (IaaS) is a vital cloud concept in which several companies utilize virtualized computing resources over the internet. Some of the examples of IaaS includes DigitalOcean, Linode, Rackspace, Amazon Web Services (AWS), Cisco Metapod, Microsoft Azure, Google (News - Alert) Compute Engine (GCE).

Key Vendors